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Extra Space Storage Inc
NYSE:EXR

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Extra Space Storage Inc
NYSE:EXR
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Price: 142.09 USD -0.4% Market Closed
Market Cap: $30B

EV/EBITDA

19.5
Current
4%
Cheaper
vs 3-y average of 20.4

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
19.5
=
Enterprise Value
$45.5B
/
EBITDA
$2.2B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
19.5
=
Enterprise Value
$45.5B
/
EBITDA
$2.2B

Valuation Scenarios

Extra Space Storage Inc is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (20.4), the stock would be worth $148.28 (4% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-26%
Maximum Upside
+11%
Average Downside
5%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 19.5 $142.09
0%
3-Year Average 20.4 $148.28
+4%
5-Year Average 21.6 $157.19
+11%
Industry Average 17.6 $128.28
-10%
Country Average 14.4 $104.49
-26%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
$45.5B
/
Jan 2026
$2.2B
=
19.5
Current
$45.5B
/
Dec 2026
$2.4B
=
18.6
Forward
$45.5B
/
Dec 2027
$2.5B
=
18.1
Forward
$45.5B
/
Dec 2028
$2.6B
=
17.8
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
US
Extra Space Storage Inc
NYSE:EXR
30B USD 19.5 30.9
US
Equinix Inc
NASDAQ:EQIX
108.9B USD 31.2 80.6
US
American Tower Corp
NYSE:AMT
83.4B USD 16.8 33
US
Digital Realty Trust Inc
NYSE:DLR
68.7B USD 30.6 54.2
US
Public Storage
NYSE:PSA
54.1B USD 18.5 34.1
US
Crown Castle International Corp
NYSE:CCI
37.6B USD 21.3 84.6
US
Iron Mountain Inc
NYSE:IRM
34.3B USD 20.8 237.4
US
VICI Properties Inc
NYSE:VICI
30.4B USD 13 10.9
US
SBA Communications Corp
NASDAQ:SBAC
23.2B USD 18.3 22
US
Weyerhaeuser Co
NYSE:WY
18B USD 23.7 55.7
US
Lamar Advertising Co
NASDAQ:LAMR
13.6B USD 16.4 23.2

Market Distribution

In line with most companies in the United States of America
Percentile
66th
Based on 9 875 companies
66th percentile
19.5
Low
0 — 10
Typical Range
10 — 21.5
High
21.5 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 10
Median 14.4
70th Percentile 21.5
Max 1 767 274.1

Extra Space Storage Inc
Glance View

Extra Space Storage Inc., founded in 1977, navigates the evolving landscape of the self-storage industry with a combination of strategic foresight and customer-centric innovation. Originating in a time when the concept of self-storage was just beginning to gain traction, the company has grown to become one of the largest self-storage operators in the United States. With headquarters in Salt Lake City, Extra Space Storage employs a model that balances ownership and management of storage facilities. Through an expansive network of more than 2,000 locations nationwide, they cater to a diverse clientele ranging from individuals relocating homes to businesses in need of extra inventory space. Their revenue engine is fueled primarily by the rental income generated from leasing storage units in their extensive portfolio. The company smartly leverages dynamic pricing strategies, adjusting rental rates based on demand, competition, and occupancy levels to optimize their income. Supplementary revenue streams also include the sale of insurance products and packing supplies—which cater to the broader needs of storage customers. Furthermore, Extra Space Storage capitalizes on economies of scale and technological integration, employing sophisticated management software to streamline operations and enhance customer service experiences. This multifaceted approach not only bolsters their bottom line but also fortifies their position in a competitive market where real estate and consumer convenience are paramount.

EXR Intrinsic Value
128.56 USD
Overvaluation 10%
Intrinsic Value
Price $142.09
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