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STOCK COMPARISON

American Tower vs Public Storage: Fair Value & Quality

Both stocks run through our valuation models. Here is how American Tower (AMT) and Public Storage (PSA) compare, as of Sep 6, 2026.

As of Sep 6, 2026, Fair Value Calculator sees American Tower as the less overvalued of the two: American Tower trades at $176 versus a fair value of $131 (-26%), while Public Storage trades at $302 versus $162 (-46%).
American Tower
AMT · USD · Real Estate
-26%
upside to fair value
overvalued
Price$176
Fair Value$131
Quality62/100
Public Storage
PSA · USD · Real Estate
-46%
upside to fair value
overvalued
Price$302
Fair Value$162
Quality67/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

American TowerPublic Storage
Valuation
27.9×P/E (TTM)31.3×
7.20×P/S (TTM)12.39×
21.57×P/B6.58×
15.8×EV/EBITDA20.6×
1.61×PEG4.78×
−25.7%Fair value upside−46.2%
3.9%Dividend yield4.0%
$6.98Dividend per share$12.00
Profitability
45%Operating margin46%
1.28×EBIT margin trend (5Y)0.96×
34%Return on equity22%
5%Return on assets7%
Growth
5%Revenue growth (YoY)3%
3.3%Avg. growth/yr (3Y)4.9%
5.8%Avg. growth/yr (5Y)10.6%
+9.5%Value creation/yr+7.1%
Balance & size
4.8×Interest coverage (EBIT/interest)7.4×
9.26×Debt / equity1.11×
$79BMarket cap$61B
healthyGrowth qualityhealthy

Public Storage leads: 7 to 8 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

American Towerof which business quality 54 · market factors 43 Public Storageof which business quality 62 · market factors 55
ProfitabilityMargins and returns on capital today
52
50
Quality GrowthAre margins and returns improving?
36
22
CashflowEarnings quality: real cash, not paper profit
89
95
Fin. StrengthBalance sheet, leverage, solvency risk
8
42
InvestmentDisciplined investing over empire-building
75
85
Low VolatilityCalm price path (market factor)
73
74
MomentumPrice trend over the last 3–12 months (market factor)
31
45
52W MomentumDistance to the 52-week high (market factor)
30
51
Net IssuanceBuybacks instead of dilution
78
82

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyAmerican TowerPrice $176Public StoragePrice $302
DCF Models-26%below the price$130-8%close to the price$279
Dividend Discount-32%below the price$119-28%below the price$217
Multiples-48%below the price$92.30-46%below the price$162
Asset-Based-97%below the price$5.25-89%below the price$33.18
Growth DCF-36%below the price$112-29%below the price$216
Economic Profit-81%below the price$33.69-76%below the price$72.53
Minimum-97%below the price$5.25-89%below the price$33.18
Maximum-26%below the price$130-8%close to the price$279
Median-42%below the price$102-37%below the price$189
Geometric mean-69%below the price$55.26-57%below the price$131

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

American Tower: 13 of 16 models see the stock below the current price.

Public Storage: 15 of 16 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

American Tower
Bear $37.93Fair Value $131Bull $195
$176 = current price (white tick)
Public Storage
Bear $122Fair Value $162Bull $203
$302 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

American Tower · Real Estate

Quality score62 · Top 25%
Fair value upside-26% · below median

Public Storage · Real Estate

Quality score67 · Top 25%
Fair value upside-46% · bottom 25%

Bottom line

As of Sep 6, 2026, Fair Value Calculator sees American Tower as the less overvalued of the two: American Tower trades at $176 versus a fair value of $131 (-26%), while Public Storage trades at $302 versus $162 (-46%).

Public Storage has the higher quality score (67/100).

See the full analysis →

More comparisons

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.