Shurgard Self Storage Valuation

Is S8V undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 S8V when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: S8V (€37.2) is trading above our estimate of fair value (€32.17)

Significantly Below Fair Value: S8V is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for S8V?

Key metric: As S8V is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for S8V. This is calculated by dividing S8V's market cap by their current earnings.
What is S8V's PE Ratio?
PE Ratio9.4x
Earnings€405.64m
Market Cap€3.80b

Price to Earnings Ratio vs Peers

How does S8V's PE Ratio compare to its peers?

The above table shows the PE ratio for S8V vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.4x
NSA National Storage Affiliates Trust
24x-38.7%US$3.4b
BYG Big Yellow Group
7.9x-4.0%UK£2.1b
HABA Hamborner REIT
63.5x10.8%€519.8m
SAFE Safestore Holdings
6.1x-3.0%UK£1.6b
S8V Shurgard Self Storage
9.4x-8.5%€3.8b

Price-To-Earnings vs Peers: S8V is good value based on its Price-To-Earnings Ratio (9.4x) compared to the peer average (25.4x).


Price to Earnings Ratio vs Industry

How does S8V's PE Ratio compare vs other companies in the Global Specialized REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
S8V 9.4xIndustry Avg. 19.2xNo. of Companies7PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: S8V is good value based on its Price-To-Earnings Ratio (9.4x) compared to the Global Specialized REITs industry average (19.2x).


Price to Earnings Ratio vs Fair Ratio

What is S8V'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.

S8V PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate S8V's Price-To-Earnings Fair Ratio for valuation analysis.


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 S8V forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€37.20
€47.11
+26.6%
11.0%€56.00€35.00n/a14
Nov ’25€37.15
€47.04
+26.6%
10.8%€55.00€35.00n/a14
Oct ’25€40.45
€47.04
+16.3%
11.3%€55.00€35.00n/a13
Sep ’25€37.80
€46.76
+23.7%
11.8%€55.00€35.00n/a13
Aug ’25€34.80
€45.99
+32.2%
11.4%€54.00€35.00n/a12
Jul ’25€33.70
€46.04
+36.6%
11.3%€54.00€35.00n/a12
Jun ’25€38.65
€46.50
+20.3%
11.3%€54.00€35.00n/a13
May ’25€36.65
€46.65
+27.3%
11.1%€54.00€35.00n/a13
Apr ’25€39.02
€47.28
+21.2%
11.9%€58.00€35.00n/a13
Mar ’25€38.00
€46.79
+23.1%
12.9%€58.00€34.00n/a14
Feb ’25€41.24
€45.92
+11.4%
11.7%€53.00€34.00n/a13
Jan ’25€42.90
€43.42
+1.2%
14.1%€53.00€30.00n/a13
Dec ’24€38.00
€43.27
+13.9%
14.0%€53.00€30.00n/a13
Nov ’24€33.72
€46.12
+36.8%
13.2%€58.00€37.00€37.1513
Oct ’24€35.80
€46.11
+28.8%
12.7%€58.00€37.00€40.4514
Sep ’24€39.04
€46.81
+19.9%
13.3%€58.00€37.00€37.8013
Aug ’24€39.30
€47.05
+19.7%
10.9%€53.00€37.00€34.8011
Jul ’24€41.64
€47.14
+13.2%
11.0%€53.00€37.00€33.7011
Jun ’24€41.04
€47.14
+14.9%
11.0%€53.00€37.00€38.6511
May ’24€43.70
€46.65
+6.8%
11.5%€53.00€37.00€36.6510
Apr ’24€44.20
€46.40
+5.0%
11.0%€53.00€37.00€39.0210
Mar ’24€43.50
€46.60
+7.1%
11.4%€53.00€37.00€38.0010
Feb ’24€42.50
€46.10
+8.5%
11.1%€53.00€37.00€41.2410
Jan ’24€41.75
€48.55
+16.3%
7.8%€53.00€41.00€42.9010
Dec ’23€40.85
€49.41
+21.0%
9.1%€58.00€41.00€38.0011
Nov ’23€42.50
€49.41
+16.3%
9.1%€58.00€41.00€33.7211

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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