Basis: FMP quote price / unrounded FMP forward EPS in the trading currency, available after its recorded retrieval time. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 29.60 as of 2026-09-19T00:15:38.104Z.
Consensus retrieved: 2026-09-13T22:47:45.658Z. This records retrieval, including cache reads, rather than vendor publication. The calculation uses the separately dated price and estimate available at its as-of time.
Calculation as of: 2026-09-19T00:15:38.104Z.
Quote observation: 2026-09-18T20:00:03.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: f381e52a6b454737f41180bc9605ad310bee656453c11764de5383b0ca580ebd
Forward PE Ratio (29.60) = Dated Quote Price ($136.71) / Consensus Forward EPS ($4.62)
FORWARD PE RATIO
29.60
SECTOR MEDIAN · REAL ESTATE
31.16
median of 37 covered companies
CURRENT VS SECTOR MEDIAN
-5.01%
vs the sector median at left
Extra Space Storage Inc.
Market Cap
$28.88B
Forward PE Ratio
29.60
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Extra Space Storage Inc. (EXR) | $28.88B | 29.60 |
| AvalonBay Communities, Inc. (AVB)vs › | $26.28B | 11.29 |
| VICI Properties Inc. (VICI)vs › | $26.12B | 8.52 |
| Crown Castle Inc. (CCI)vs › | $31.93B | 37.88 |
| Equity Residential (EQR)vs › | $23.87B | 44.91 |
| Iron Mountain Incorporated (IRM)vs › | $34.02B | 45.85 |
| SBA Communications Corporation (SBAC)vs › | $18.94B | 23.19 |
| CBRE Group, Inc. (CBRE)vs › | $40.40B | 17.81 |
| Essex Property Trust, Inc. (ESS)vs › | $17.35B | 47.78 |
| Invitation Homes Inc. (INVH)vs › | $15.99B | 26.75 |
Trailing P/E
30.6
reported TTM EPS
Forward P/E
29.6
consensus EPS · fiscal year ending 2026-12-31
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $4.62 implies +3.4% EPS growth vs the reported trailing $4.47.
At the dated quote price of $136.71, 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 | $4.62 | $4.57 – $4.67 | 8 | 29.6x |
| 2027-12-31 | $4.82 | $4.56 – $4.94 | 8 | 28.4x |
| 2028-12-31 | $5.09 | $4.76 – $5.40 | 6 | 26.9x |
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
