Simon Property Group vs Public Storage: Fair Value & Quality
Both stocks run through our valuation models. Here is how Simon Property Group (SPG) and Public Storage (PSA) compare, as of Aug 16, 2026.
As of Aug 16, 2026, Fair Value Calculator sees Public Storage as the less overvalued of the two: Simon Property Group trades at $220 versus a fair value of $84.26 (-62%), while Public Storage trades at $326 versus $162 (-50%).
Simon Property Group
SPG · USD · Real Estate
-62%
upside to fair value
overvalued
Price$220
Fair Value$84.26
Quality57/100
Public Storage
PSA · USD · Real Estate
-50%
upside to fair value
overvalued
Price$326
Fair Value$162
Quality67/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Simon Property GroupPublic Storage
Valuation
14.9×P/E (TTM)31.3×
12.26×P/S (TTM)12.39×
15.65×P/B6.58×
22.2×EV/EBITDA20.6×
8.74×PEG4.78×
4.1%Dividend yield3.7%
$8.65Dividend per share$12.00
Profitability
71%Net margin42%
43%Operating margin46%
114%Return on equity22%
6%Return on assets7%
Growth
19%Revenue growth (YoY)3%
6.3%Avg. growth/yr (3Y)4.9%
6.7%Avg. growth/yr (5Y)10.6%
Balance & size
5.46×Debt / equity1.11×
$82BMarket cap$61B
healthyGrowth qualityhealthy
Even match: 7 to 7 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.
Simon Property Groupof which business quality 54 · market factors 70Public Storageof which business quality 62 · market factors 66
ProfitabilityMargins and returns on capital today
59
50
Quality GrowthAre margins and returns improving?
70
22
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
35
85
Low VolatilityCalm price path (market factor)
63
74
MomentumPrice trend over the last 3–12 months (market factor)
65
57
52W MomentumDistance to the 52-week high (market factor)
85
72
Net IssuanceBuybacks instead of dilution
83
82
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Simon Property Group
DCF Models$96.96
Dividend Discount$144
Multiples$128
Asset-Based$10.76
Growth DCF$77.98
Economic Profit$92.53
16 of 16 models see the stock below the current price.
Public Storage
DCF Models$279
Dividend Discount$217
Multiples$162
Asset-Based$33.18
Growth DCF$216
Economic Profit$72.53
16 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.
Simon Property Group
Bear $61.87Fair Value $84.26Bull $159
$220 = current price (white tick)
Public Storage
Bear $122Fair Value $162Bull $203
$326 = 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.
Simon Property Group · Real Estate
Quality score57 · above median
Fair value upside-62% · bottom 25%
Public Storage · Real Estate
Quality score67 · Top 25%
Fair value upside-50% · bottom 25%
Bottom line
As of Aug 16, 2026, Fair Value Calculator sees Public Storage as the less overvalued of the two: Simon Property Group trades at $220 versus a fair value of $84.26 (-62%), while Public Storage trades at $326 versus $162 (-50%).
Public Storage has the higher quality score (67/100).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
