Extra Space Storage Inc.

DB:FG8 Stock Report

Market Cap: €27.6b

Extra Space Storage Valuation

Is FG8 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FG8 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€70.66
Fair Value
84.3% overvalued intrinsic discount
19
Number of Analysts

Below Fair Value: FG8 (€130.2) is trading above our estimate of fair value (€70.66)

Significantly Below Fair Value: FG8 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FG8?

Key metric: As FG8 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FG8. This is calculated by dividing FG8's market cap by their current earnings.
What is FG8's PE Ratio?
PE Ratio34x
EarningsUS$910.89m
Market CapUS$30.94b

Price to Earnings Ratio vs Peers

How does FG8's PE Ratio compare to its peers?

The above table shows the PE ratio for FG8 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.5x
PSA Public Storage
29.5x5.45%US$53.2b
CUBE CubeSmart
25x2.11%US$9.8b
NSA National Storage Affiliates Trust
58.8x7.98%US$4.6b
SHUR Shurgard Self Storage
8.6x0.50%€3.4b
FG8 Extra Space Storage
34x6.40%€30.9b

Price-To-Earnings vs Peers: FG8 is expensive based on its Price-To-Earnings Ratio (34x) compared to the peer average (30.4x).

Price to Earnings Ratio vs Industry

How does FG8's PE Ratio compare vs other companies in the DE Capital Markets Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HXCK Ernst Russ
4.6x-21.37%US$222.63m
SPT6 Sparta
1.3xn/aUS$94.80m
EFS3 Effecten-Spiegel
4.2xn/aUS$53.82m
VG8 Varengold Bank
4.7xn/aUS$30.06m
FG8 34.0xIndustry Avg. 24.8xNo. of Companies6PE020406080100+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FG8 is expensive based on its Price-To-Earnings Ratio (34x) compared to the German Capital Markets industry average (24.8x).

Price to Earnings Ratio vs Fair Ratio

What is FG8's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FG8 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio34x
Fair PE Ratio18.4x

Price-To-Earnings vs Fair Ratio: FG8 is expensive based on its Price-To-Earnings Ratio (34x) compared to the estimated Fair Price-To-Earnings Ratio (18.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FG8 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€131.25
€145.23
+10.65%
5.74%€161.74€126.00n/a19
May ’26€128.70
€143.11
+11.20%
6.27%€160.31€124.88n/a19
Apr ’26€136.55
€152.79
+11.89%
5.75%€167.61€130.57n/a18
Mar ’26€145.05
€161.12
+11.08%
5.24%€176.88€149.00n/a18
Feb ’26€147.90
€161.28
+9.05%
5.11%€176.64€148.80n/a18
Jan ’26€140.00
€166.66
+19.04%
5.98%€185.38€149.65n/a18
Dec ’25€160.40
€164.85
+2.77%
6.76%€187.41€146.71n/a18
Nov ’25€147.25
€161.20
+9.47%
7.09%€185.72€142.51n/a18
Oct ’25€160.60
€156.70
-2.43%
8.66%€183.66€126.94n/a18
Sep ’25€159.65
€152.26
-4.63%
7.86%€169.14€126.86n/a17
Aug ’25€147.05
€149.84
+1.89%
7.28%€165.94€129.99n/a17
Jul ’25€141.30
€147.27
+4.23%
7.42%€168.03€130.69n/a17
Jun ’25€133.05
€144.23
+8.40%
6.98%€165.55€128.76n/a17
May ’25€126.00
€145.69
+15.62%
7.54%€168.35€122.52€128.7017
Apr ’25€134.90
€143.99
+6.74%
7.30%€166.27€121.00€136.5517
Mar ’25€130.80
€145.42
+11.18%
7.59%€166.10€120.89€145.0517
Feb ’25€133.55
€149.75
+12.13%
7.34%€172.66€130.19€147.9016
Jan ’25€145.50
€141.18
-2.97%
8.82%€155.80€105.98€140.0015
Dec ’24€120.60
€131.82
+9.30%
13.24%€158.03€105.66€160.4015
Nov ’24€96.78
€135.13
+39.63%
15.54%€174.25€108.32€147.2515
Oct ’24€115.00
€143.46
+24.75%
11.99%€176.10€109.47€160.6014
Sep ’24€119.30
€146.24
+22.58%
8.70%€171.74€125.32€159.6513
Aug ’24€124.80
€151.55
+21.44%
7.53%€171.01€131.20€147.0512
Jul ’24€135.45
€153.19
+13.09%
8.86%€172.65€126.06€141.3013
Jun ’24€132.75
€157.29
+18.49%
8.57%€176.47€128.85€133.0513
May ’24€137.15
€153.72
+12.08%
8.22%€168.78€125.90€126.0012
AnalystConsensusTarget
Consensus Narrative from 19 Analysts
€145.13
Fair Value
10.3% undervalued intrinsic discount
19
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/15 16:51
End of Day Share Price 2025/05/14 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Extra Space Storage Inc. is covered by 41 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard MilliganBaird
Brendan LynchBarclays
Keegan CarlBerenberg