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P/S

8
Current
10%
Cheaper
vs 3-y average of 8.9

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
8
=
Market Cap
$8.5B
/
Revenue
$1.1B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
8
=
Market Cap
$8.5B
/
Revenue
$1.1B

Valuation Scenarios

CubeSmart is trading below its 3-year average

If P/S returns to its 3-Year Average (8.9), the stock would be worth $43.89 (11% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-70%
Maximum Upside
+13%
Average Downside
23%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 8 $39.6
0%
3-Year Average 8.9 $43.89
+11%
5-Year Average 9 $44.68
+13%
Industry Average 4.2 $20.62
-48%
Country Average 2.4 $12.04
-70%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
$8.5B
/
Jan 2026
$1.1B
=
8
Current
$8.5B
/
Dec 2026
$1.1B
=
7.5
Forward
$8.5B
/
Dec 2027
$1.2B
=
7.3
Forward
$8.5B
/
Dec 2028
$1.3B
=
6.7
Forward
$8.5B
/
Dec 2029
$1.4B
=
6.2
Forward
$8.5B
/
Dec 2030
$1.4B
=
5.8
Forward
$8.5B
/
Dec 2031
$1.5B
=
5.5
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
US
CubeSmart
NYSE:CUBE
9B USD 8 27
US
Equinix Inc
NASDAQ:EQIX
105.7B USD 11.5 78.8
US
American Tower Corp
NYSE:AMT
83.5B USD 7.8 33
US
Digital Realty Trust Inc
NYSE:DLR
67.9B USD 10.7 50.6
US
Public Storage
NYSE:PSA
52.1B USD 10.7 32.5
US
Crown Castle International Corp
NYSE:CCI
37.6B USD 8.9 35.4
US
Iron Mountain Inc
NYSE:IRM
33.3B USD 4.8 231.1
US
VICI Properties Inc
NYSE:VICI
30.6B USD 7.7 11.1
US
Extra Space Storage Inc
NYSE:EXR
29.8B USD 8.9 30.8
US
SBA Communications Corp
NASDAQ:SBAC
23B USD 8.2 21.9
US
Weyerhaeuser Co
NYSE:WY
17.9B USD 2.6 55.1

Market Distribution

Higher than 86% of companies in the United States of America
Percentile
86th
Based on 11 520 companies
86th percentile
8
Low
0 — 1.2
Typical Range
1.2 — 4.1
High
4.1 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 1.2
Median 2.4
70th Percentile 4.1
Max 4 613 274.2

CubeSmart
Glance View

Amid the concrete jungle of real estate, CubeSmart has carved out a niche as a sophisticated purveyor of self-storage solutions. Since its founding in 2004, the company has evolved into a prominent player in the self-storage industry, catering to the ever-increasing need for space among individuals and businesses. Strategically headquartered in Malvern, Pennsylvania, CubeSmart operates a network of facilities that offer much more than just storage; they provide peace of mind. Customers range from homeowners in need of extra space during a move or renovation, to businesses requiring storage for excess inventory or files. By emphasizing customer service and convenience, CubeSmart differentiates itself with offerings such as climate-controlled units, 24/7 video surveillance, and flexible leasing options, which collectively form the backbone of its business model. Revenue generation at CubeSmart spins on the axis of long-term and short-term storage rentals, which are further fortified by a suite of ancillary services. The company leases its units on a monthly basis, tapping into both consistent cash flow and the high demand for temporary storage. This model effectively minimizes vacancy risks and optimizes operational efficiencies. In addition, CubeSmart capitalizes on the demand for storage-related products and services, offering moving supplies, insurance options, and truck rentals. Furthermore, its third-party management services allow CubeSmart to operate facilities for other owners, extending its revenue channels without the capital intensity of facility ownership. By balancing its physical footprint with robust customer-centric services, CubeSmart crafts a compelling narrative in the competitive landscape of self-storage, securing a profitable place in an industry driven by the unyielding accumulation of stuff.

CUBE Intrinsic Value
37.28 USD
Overvaluation 6%
Intrinsic Value
Price $39.6
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