Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 32.60 as of Thursday, August 6, 2026.
Forward PE Ratio (32.60) = Close Price ($150.04) / Consensus Forward EPS ($4.60)
FORWARD PE RATIO
32.60
SECTOR MEDIAN · REAL ESTATE
34.92
median of 38 covered companies
CURRENT VS SECTOR MEDIAN
-6.66%
vs the sector median at left
Extra Space Storage Inc.
Market Cap
$31.70B
Forward PE Ratio
32.60
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Extra Space Storage Inc. (EXR) | $31.70B | 32.60 |
| Crown Castle Inc. (CCI)vs › | $32.27B | 37.35 |
| VICI Properties Inc. (VICI)vs › | $29.06B | 9.03 |
| AvalonBay Communities, Inc. (AVB)vs › | $27.08B | 31.41 |
| Iron Mountain Incorporated (IRM)vs › | $37.82B | 52.89 |
| Equity Residential (EQR)vs › | $25.40B | 46.55 |
| CBRE Group, Inc. (CBRE)vs › | $43.77B | 19.38 |
| SBA Communications Corporation (SBAC)vs › | $18.92B | 24.00 |
| Weyerhaeuser Company (WY)vs › | $18.63B | 77.74 |
| Essex Property Trust, Inc. (ESS)vs › | $18.51B | 48.72 |
Trailing P/E
33.6
reported TTM EPS
Forward P/E
32.6
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $4.60 implies +2.9% EPS growth vs the reported trailing $4.47.
At today's $150.04 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $4.60 | $4.57 – $4.64 | 4 | 32.6x |
| 2027-12-31 | $4.85 | $4.61 – $4.92 | 7 | 30.9x |
| 2028-12-31 | $5.14 | $4.84 – $5.47 | 5 | 29.2x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
