Extra Space Storage Inc. (E1XR34) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Extra Space Storage Inc. BRL 51.16, price BRL 57.06, upside -10.3%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.
How to read this chart
60‑month range R$33.73 – R$205.77 · fair‑value band R$22.59 – R$105.38 · the R$57.06 price screens above the R$51.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 29, 2026.
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Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2025, the Company owned and/or operated 4,281 self-storage stores in 43 states and Washington, D.C.
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Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2025, the Company owned and/or operated 4,281 self-storage stores in 43 states and Washington, D.C. Its stores comprise approximately 2.9 million units and approximately 330.4 million square feet of rentable space operating under the Extra Space brand. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. It is the largest operator of self-storage properties in the United States. Extra Space Storage Inc. was incorporated in 1977 in Maryland, USA.
Stock analysis
Extra Space Storage Inc. (E1XR34) currently trades at R$57.06, while our model-based Fair Value estimate is R$51.16, 10.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of R$84.29 per share, and 5 of the 16 models we run sit above the R$57.06 price.
Bear case: the Asset-Based group reads lowest at R$18.34, and 11 of the 16 models stay below the price. Evidence for this calculation is medium.
Scenario range: R$22.59 (bear) to R$105.38 (bull), the price of R$57.06 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 43/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Extra Space Storage Inc. reported revenue of $3.4B in FY2025 versus $1.6B in FY2021, a compound +21.0%/yr. Reported net income was $974M in FY2025, compounding +4.2%/yr from FY2021.
Key figures
Market cap R$164B (≈ $31.5B) · P/E ratio 33.3 · P/S ratio 9.61 · EPS (TTM) R$5.77 · Dividend yield 3.4% · Net margin 28.8% · Return on equity 6.8% · Return on assets (EBIT) 6.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 69% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −7% fair-value upside, at −10%, E1XR34 screens richer than that median.
Fair Value models
Bear R$22.59Fair Value R$51.16Bull R$105.38
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+3.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.0%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+8.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.7%
Dividend (yield on the price)3.4%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.48% → 42%
News mood ⓘNews mood, the average tone of recent news (98 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Industrial · 53 stocks
Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside+51.6% · Top 25%
Profitability
Return on equity (TTM)6.8% · Below median
Return on assets3.4% · Above median
Net margin (TTM)27.1% · Bottom 25%
Operating margin (TTM)44.0% · Bottom 25%
Growth and dividend
Revenue growth3.8% · Above median
Dividend yield (TTM)3.4% · Bottom 25%
Balance sheet
Debt / equity0.99× · Highest 25%
Valuation Multiplesvs REIT - Industrial median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Extra Space Storage Inc. Fair Value". https://www.fairvalue-calculator.com/stock/E1XR34
Frequently asked questions
Is Extra Space Storage Inc. (E1XR34) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of R$51.16 versus a price of R$57.06, about −10% upside (overvalued).
What is the fair value of E1XR34?
Our model-based fair value for Extra Space Storage Inc. is R$51.16 (as of Sep 29, 2026), built from audited fundamentals. The current price: R$57.06.
What is the quality score of E1XR34?
Extra Space Storage Inc. has a Quality Score of 43/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Extra Space Storage Inc. (E1XR34)?
Our model-based price target is the fair value of R$51.16 (as of Sep 29, 2026) from 16 valuation models. Cautious scenario R$22.59, optimistic scenario R$105.38. It is a calculation from audited fundamentals, not an analyst target.
What is the Extra Space Storage Inc. stock forecast for 2026?
Our models put fair value at R$51.16, about −10% upside versus a price of R$57.06 (overvalued). Cautious scenario R$22.59, optimistic scenario R$105.38. The calculation is refreshed regularly with new filings.
What is the revenue of Extra Space Storage Inc. (E1XR34)?
Extra Space Storage Inc. reported trailing-twelve-month revenue of about $3.5B (latest available figure, as of Sep 29, 2026).
Does Extra Space Storage Inc. pay a dividend?
Extra Space Storage Inc. currently shows a dividend yield of about 3.37% relative to its recent price (as of Sep 29, 2026).
What is the intrinsic value of Extra Space Storage Inc. (E1XR34)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Extra Space Storage Inc. it is R$51.16 per share (as of Sep 29, 2026), against a price of R$57.06. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Extra Space Storage Inc. stock overvalued or undervalued in 2026?
As of Sep 29, 2026, E1XR34 trades above its calculated fair value: price R$57.06, fair value R$51.16, a gap of about −10% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of E1XR34?
No. The price is what the market pays today (R$57.06); the fair value is what the company's own numbers justify (R$51.16). For Extra Space Storage Inc. the two are R$5.90 per share apart. That gap is exactly why we show both numbers side by side.
How much is Extra Space Storage Inc. worth?
The market values Extra Space Storage Inc. at about R$164B (market capitalisation, as of Sep 29, 2026). Per share that is R$57.06; our models calculate a fair value of R$51.16 per share.
What do the bullish and bearish scenarios say about E1XR34?
Our models span a range for Extra Space Storage Inc.: cautious scenario R$22.59, base R$51.16, optimistic R$105.38 per share (as of Sep 29, 2026, price R$57.06). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of E1XR34?
Extra Space Storage Inc. trades at a price-to-earnings ratio of 33.3 (as of Sep 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R$51.16 is built from several models across several years. Other multiples: PEG 6.4.
What is the PEG ratio of E1XR34?
The PEG ratio of Extra Space Storage Inc. is 6.41 (P/E divided by earnings growth, as of Sep 29, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Extra Space Storage Inc. (E1XR34)?
Balance-sheet figures for Extra Space Storage Inc. (as of Sep 29, 2026): return on equity 6.8%, debt of 0.99 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is E1XR34 from its 52-week high?
Extra Space Storage Inc. trades at R$57.06, about 69% below its 52-week high of R$185.36 and 7% above the low of R$53.39 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of R$51.16 is for.
Which stocks are comparable to Extra Space Storage Inc.?
From the same area (Real Estate) we also value Public Storage, a member of the S&P 500,, Prologis, Inc, EastGroup Properties, Inc, Lineage, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Extra Space Storage Inc. stock attractive at the current price?
The data as of Sep 29, 2026: price R$57.06, calculated fair value R$51.16 (−10%), Quality Score 43/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of E1XR34 calculated?
We run Extra Space Storage Inc. through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of R$51.16, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Extra Space Storage Inc. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Extra Space Storage Inc. (E1XR34)?
The closing price on Oct 1, 2026 was R$57.06. Our model-based fair value is R$51.16, about −10% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Extra Space Storage Inc. right now?
The model range is unusually wide (R$22.59 to R$105.38). The outcome hinges heavily on assumptions, so read the point estimate with caution. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Extra Space Storage Inc.
How large is the market capitalisation of Extra Space Storage Inc. (E1XR34)?
The market capitalisation of Extra Space Storage Inc. is R$164B (≈ $31.5B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Extra Space Storage Inc. (E1XR34)?
The price-to-sales ratio of Extra Space Storage Inc. is 9.61 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Extra Space Storage Inc. (E1XR34)?
Earnings per share at Extra Space Storage Inc. are R$5.77 (price ÷ EPS = P/E 33.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Extra Space Storage Inc. (E1XR34)?
The dividend yield of Extra Space Storage Inc. is 3.4% (payout 33.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Extra Space Storage Inc. (E1XR34)?
The net margin of Extra Space Storage Inc. is 28.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Extra Space Storage Inc. (E1XR34)?
The return on equity (ROE) of Extra Space Storage Inc. is 6.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Extra Space Storage Inc. (E1XR34)?
On an EBIT basis the return on assets of Extra Space Storage Inc. is 6.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Extra Space Storage Inc. (E1XR34)?
The operating margin of Extra Space Storage Inc. is 44.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Extra Space Storage Inc. (E1XR34)?
Revenue at Extra Space Storage Inc. is growing +3.8% versus a year earlier (3y avg +20.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Extra Space Storage Inc. (E1XR34)?
Earnings per share at Extra Space Storage Inc. are growing −10.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Extra Space Storage Inc. (E1XR34) generate?
The free cash flow of Extra Space Storage Inc. is $1.8B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Extra Space Storage Inc. (E1XR34) carry?
The net debt of Extra Space Storage Inc. is $13.1B (fiscal year 2025, ≈ 7.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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