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STOCK COMPARISON

Public Storage vs Welltower: Fair Value & Quality

Both stocks run through our valuation models. Here is how Public Storage (PSA) and Welltower (WELL) compare, as of Sep 4, 2026.

As of Sep 4, 2026, Fair Value Calculator sees Public Storage as the less overvalued of the two: Public Storage trades at $306 versus a fair value of $162 (-47%), while Welltower trades at $241 versus $35.57 (-85%).
Public Storage
PSA · USD · Real Estate
-47%
upside to fair value
overvalued
Price$306
Fair Value$162
Quality67/100
Welltower
WELL · USD · Real Estate
-85%
upside to fair value
overvalued
Price$241
Fair Value$35.57
Quality42/100
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Head-to-head numbers

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

Public StorageWelltower
Valuation
31.3×P/E (TTM)112.4×
12.39×P/S (TTM)13.89×
6.58×P/B3.88×
20.6×EV/EBITDA59.4×
4.78×PEG3.62×
−46.9%Fair value upside−85.2%
3.9%Dividend yield1.2%
$12.00Dividend per share$2.96
Profitability
46%Operating margin18%
0.96×EBIT margin trend (5Y)0.21×
22%Return on equity4%
7%Return on assets1%
Growth
3%Revenue growth (YoY)38%
4.9%Avg. growth/yr (3Y)22.7%
10.6%Avg. growth/yr (5Y)18.4%
+7.0%Value creation/yr−8.9%
Balance & size
7.4×Interest coverage (EBIT/interest)0.5×
1.11×Debt / equity0.46×
$61BMarket cap$163B
healthyGrowth qualitymixed

Public Storage leads: 11 to 5 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.

Public Storageof which business quality 62 · market factors 57 Welltowerof which business quality 45 · market factors 80
ProfitabilityMargins and returns on capital today
50
21
Quality GrowthAre margins and returns improving?
22
51
CashflowEarnings quality: real cash, not paper profit
95
98
Fin. StrengthBalance sheet, leverage, solvency risk
42
50
InvestmentDisciplined investing over empire-building
85
33
Low VolatilityCalm price path (market factor)
74
81
MomentumPrice trend over the last 3–12 months (market factor)
47
72
52W MomentumDistance to the 52-week high (market factor)
54
92
Net IssuanceBuybacks instead of dilution
82
0

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 familyPublic StoragePrice $306WelltowerPrice $241
DCF Models-9%close to the price$279-71%below the price$70.62
Dividend Discount-29%below the price$217-81%below the price$46.81
Multiples-47%below the price$162-91%below the price$22.56
Asset-Based-89%below the price$33.18-83%below the price$39.99
Growth DCF-29%below the price$216-77%below the price$55.69
Economic Profit-76%below the price$72.53-83%below the price$41.32
Minimum-89%below the price$33.18-91%below the price$22.56
Maximum-9%close to the price$279-71%below the price$70.62
Median-38%below the price$189-82%below the price$44.07
Geometric mean-57%below the price$131-82%below the price$43.59

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%.

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

Welltower: 14 of 14 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.

Public Storage
Bear $122Fair Value $162Bull $203
$306 = current price (white tick)
Welltower
Bear $26.35Fair Value $35.57Bull $35.57
$241 = 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.

Public Storage · Real Estate

Quality score67 · Top 25%
Fair value upside-47% · bottom 25%

Welltower · Real Estate

Quality score42 · bottom 25%
Fair value upside-85% · bottom 25%

Bottom line

As of Sep 4, 2026, Fair Value Calculator sees Public Storage as the less overvalued of the two: Public Storage trades at $306 versus a fair value of $162 (-47%), while Welltower trades at $241 versus $35.57 (-85%).

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

See the full analysis →

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