Extra Space Storage Stock Z Score

EXR Stock

USD 166.88 1.84 1.11%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Extra Space Piotroski F Score and Extra Space Valuation analysis.

At this time, Extra Space's Additional Paid In Capital is relatively stable compared to the past year. As of 11/22/2024, Net Invested Capital is likely to grow to about 26.7 B, while Net Working Capital is likely to drop (165.8 M). At this time, Extra Space's EBITDA is relatively stable compared to the past year. As of 11/22/2024, Total Operating Expenses is likely to grow to about 193.9 M, though Total Other Income Expense Net is likely to grow to (283.2 M).

Extra Space Storage Company Z Score Analysis

Extra Space's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Extra Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Extra Space is extremely important. It helps to project a fair market value of Extra Stock properly, considering its historical fundamentals such as Z Score. Since Extra Space's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Extra Space's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Extra Space's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Accounts Payable	Long Term Debt	Total Liab	Common Stock	Property Plant Equipment	Net Debt	Retained Earnings	Net Receivables	Total Current Assets	Short Term Debt	Short Term Investments	Intangible Assets	Net Tangible Assets	Total Permanent Equity	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock	Current Deferred Revenue
Total Assets		0.98	1.0	0.97	0.97	-0.27	0.88	0.97	-0.49	0.89	0.93	0.51	-0.1	0.38	0.67	0.67	0.92	0.68	0.55	0.85	-0.4	0.7	0.96	-0.03	0.84	-0.88
Total Stockholder Equity	0.98		0.96	0.89	0.89	-0.19	0.75	0.89	-0.5	0.83	0.99	0.39	0.04	0.3	0.52	0.52	0.81	0.53	0.41	0.78	-0.3	0.58	0.99	-0.02	0.88	-0.94
Accounts Payable	1.0	0.96		0.97	0.98	-0.3	0.89	0.98	-0.49	0.91	0.92	0.55	-0.14	0.38	0.7	0.68	0.93	0.71	0.56	0.86	-0.39	0.72	0.95	-0.02	0.83	-0.86
Long Term Debt	0.97	0.89	0.97		1.0	-0.34	0.96	1.0	-0.44	0.9	0.81	0.58	-0.27	0.44	0.8	0.79	0.99	0.81	0.65	0.85	-0.49	0.76	0.86	0.03	0.75	-0.76
Total Liab	0.97	0.89	0.98	1.0		-0.34	0.96	1.0	-0.45	0.91	0.82	0.62	-0.24	0.46	0.8	0.79	0.98	0.81	0.67	0.88	-0.49	0.79	0.87	-0.05	0.75	-0.76
Common Stock	-0.27	-0.19	-0.3	-0.34	-0.34		-0.49	-0.32	0.59	-0.16	-0.13	-0.05	0.12	-0.49	-0.48	-0.41	-0.32	-0.47	-0.24	-0.15	0.15	-0.2	-0.09	0.05	-0.08	0.06
Property Plant Equipment	0.88	0.75	0.89	0.96	0.96	-0.49		0.96	-0.44	0.82	0.65	0.58	-0.31	0.57	0.9	0.88	0.98	0.9	0.71	0.8	-0.52	0.76	0.71	-0.05	0.61	-0.6
Net Debt	0.97	0.89	0.98	1.0	1.0	-0.32	0.96		-0.45	0.9	0.82	0.61	-0.23	0.45	0.8	0.79	0.98	0.81	0.66	0.87	-0.48	0.79	0.87	-0.04	0.76	-0.77
Retained Earnings	-0.49	-0.5	-0.49	-0.44	-0.45	0.59	-0.44	-0.45		-0.16	-0.51	-0.04	-0.35	-0.55	-0.29	-0.46	-0.33	-0.34	-0.16	-0.19	-0.07	-0.27	-0.42	0.23	-0.41	0.43
Net Receivables	0.89	0.83	0.91	0.9	0.91	-0.16	0.82	0.9	-0.16		0.77	0.77	-0.42	0.13	0.68	0.55	0.9	0.68	0.58	0.95	-0.41	0.81	0.86	0.07	0.74	-0.73
Total Current Assets	0.93	0.99	0.92	0.81	0.82	-0.13	0.65	0.82	-0.51	0.77		0.34	0.11	0.23	0.41	0.41	0.72	0.42	0.31	0.72	-0.22	0.52	0.98	-0.02	0.87	-0.95
Short Term Debt	0.51	0.39	0.55	0.58	0.62	-0.05	0.58	0.61	-0.04	0.77	0.34		-0.55	0.06	0.59	0.42	0.63	0.62	0.53	0.78	-0.27	0.88	0.44	-0.05	0.45	-0.25
Short Term Investments	-0.1	0.04	-0.14	-0.27	-0.24	0.12	-0.31	-0.23	-0.35	-0.42	0.11	-0.55		0.35	-0.36	-0.19	-0.35	-0.35	-0.19	-0.23	0.17	-0.38	-0.01	-0.66	0.04	-0.12
Intangible Assets	0.38	0.3	0.38	0.44	0.46	-0.49	0.57	0.45	-0.55	0.13	0.23	0.06	0.35		0.68	0.7	0.45	0.68	0.51	0.28	-0.35	0.35	0.19	-0.58	0.29	-0.12
Net Tangible Assets	0.67	0.52	0.7	0.8	0.8	-0.48	0.9	0.8	-0.29	0.68	0.41	0.59	-0.36	0.68		0.83	0.86	1.0	0.7	0.68	-0.54	0.76	0.47	-0.1	0.55	-0.26
Total Permanent Equity	0.67	0.52	0.68	0.79	0.79	-0.41	0.88	0.79	-0.46	0.55	0.41	0.42	-0.19	0.7	0.83		0.83	0.85	0.66	0.56	-0.45	0.61	0.46	-0.14	0.39	-0.38
Long Term Debt Total	0.92	0.81	0.93	0.99	0.98	-0.32	0.98	0.98	-0.33	0.9	0.72	0.63	-0.35	0.45	0.86	0.83		0.86	0.7	0.85	-0.54	0.79	0.79	0.02	0.67	-0.67
Capital Surpluse	0.68	0.53	0.71	0.81	0.81	-0.47	0.9	0.81	-0.34	0.68	0.42	0.62	-0.35	0.68	1.0	0.85	0.86		0.71	0.69	-0.51	0.79	0.48	-0.12	0.56	-0.27
Deferred Long Term Liab	0.55	0.41	0.56	0.65	0.67	-0.24	0.71	0.66	-0.16	0.58	0.31	0.53	-0.19	0.51	0.7	0.66	0.7	0.71		0.7	-0.73	0.74	0.4	-0.38	0.34	-0.29
Long Term Investments	0.85	0.78	0.86	0.85	0.88	-0.15	0.8	0.87	-0.19	0.95	0.72	0.78	-0.23	0.28	0.68	0.56	0.85	0.69	0.7		-0.46	0.85	0.8	-0.25	0.7	-0.68
Short Long Term Debt	-0.4	-0.3	-0.39	-0.49	-0.49	0.15	-0.52	-0.48	-0.07	-0.41	-0.22	-0.27	0.17	-0.35	-0.54	-0.45	-0.54	-0.51	-0.73	-0.46		-0.58	-0.29	0.18	-0.27	0.19
Cash And Equivalents	0.7	0.58	0.72	0.76	0.79	-0.2	0.76	0.79	-0.27	0.81	0.52	0.88	-0.38	0.35	0.76	0.61	0.79	0.79	0.74	0.85	-0.58		0.59	-0.18	0.63	-0.4
Net Invested Capital	0.96	0.99	0.95	0.86	0.87	-0.09	0.71	0.87	-0.42	0.86	0.98	0.44	-0.01	0.19	0.47	0.46	0.79	0.48	0.4	0.8	-0.29	0.59		0.02	0.88	-0.94
Net Working Capital	-0.03	-0.02	-0.02	0.03	-0.05	0.05	-0.05	-0.04	0.23	0.07	-0.02	-0.05	-0.66	-0.58	-0.1	-0.14	0.02	-0.12	-0.38	-0.25	0.18	-0.18	0.02		-0.02	0.01
Capital Stock	0.84	0.88	0.83	0.75	0.75	-0.08	0.61	0.76	-0.41	0.74	0.87	0.45	0.04	0.29	0.55	0.39	0.67	0.56	0.34	0.7	-0.27	0.63	0.88	-0.02		-0.69
Current Deferred Revenue	-0.88	-0.94	-0.86	-0.76	-0.76	0.06	-0.6	-0.77	0.43	-0.73	-0.95	-0.25	-0.12	-0.12	-0.26	-0.38	-0.67	-0.27	-0.29	-0.68	0.19	-0.4	-0.94	0.01	-0.69

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Extra Space

According to the company's disclosures, Extra Space Storage has a Z Score of 0.0. This is 100.0% lower than that of the Specialized REITs sector and about the same as Real Estate (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

Extra Space Current Valuation Drivers

We derive many important indicators used in calculating different scores of Extra Space from analyzing Extra Space's financial statements. These drivers represent accounts that assess Extra Space's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Extra Space's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	13.5B	15.0B	30.2B	19.7B	27.1B	28.5B
Enterprise Value	18.8B	20.9B	36.4B	27.2B	38.4B	40.3B

Extra Space ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Extra Space's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Extra Space's managers, analysts, and investors.

Environmental

Governance

Social

Extra Space Institutional Holders

Institutional Holdings refers to the ownership stake in Extra Space that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Extra Space's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Extra Space's value.

		Shares
Jpmorgan Chase & Co	2024-06-30	3.6 M
Dimensional Fund Advisors, Inc.	2024-09-30	3.1 M
Massachusetts Financial Services Company	2024-09-30	3 M
Legal & General Group Plc	2024-06-30	2.8 M
Diamond Hill Capital Management Inc	2024-09-30	2.8 M
Boston Partners Global Investors, Inc	2024-06-30	2.7 M
Apg Investments Us Inc	2024-06-30	2.6 M
Centersquare Investment Management Llc	2024-06-30	2.4 M
Charles Schwab Investment Management Inc	2024-09-30	2.4 M
Vanguard Group Inc	2024-09-30	33.6 M
Capital World Investors	2024-09-30	22.1 M

Extra Fundamentals

	Return On Equity	0.0557
	Return On Asset	0.0333
	Profit Margin	0.24 %
	Operating Margin	0.46 %
	Current Valuation	47.13 B
	Shares Outstanding	211.98 M
	Shares Owned By Insiders	1.07 %
	Shares Owned By Institutions	98.70 %
	Number Of Shares Shorted	3.72 M
	Price To Earning	35.20 X
	Price To Book	2.50 X
	Price To Sales	11.12 X
	Revenue	2.56 B
	Gross Profit	1.52 B
	EBITDA	1.74 B
	Net Income	801.97 M
	Cash And Equivalents	92.87 M
	Cash Per Share	0.67 X
	Total Debt	11.4 B
	Debt To Equity	1.70 %
	Current Ratio	2.59 X
	Book Value Per Share	66.09 X
	Cash Flow From Operations	1.4 B
	Short Ratio	4.05 X
	Earnings Per Share	3.75 X
	Price To Earnings To Growth	5.15 X
	Target Price	174.39
	Number Of Employees	7.62 K
	Beta	0.89
	Market Capitalization	36.81 B
	Total Asset	27.46 B
	Retained Earnings	(379.01 M)
	Working Capital	(157.87 M)
	Current Asset	244.2 M
	Current Liabilities	120.92 M
	Annual Yield	0.04 %
	Five Year Return	3.13 %
	Net Asset	27.46 B
	Last Dividend Paid	6.48

About Extra Space Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Extra Space Storage's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Extra Space using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Extra Space Storage based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Extra Space

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Extra Space position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Extra Space will appreciate offsetting losses from the drop in the long position's value.

Moving together with Extra Stock

0.83

First Industrial Realty

Pair Corr

Moving against Extra Stock

0.73	AKR	Acadia Realty Trust	Pair Corr
0.68	UE	Urban Edge Properties Sell-off Trend	Pair Corr
0.6	WELL	Welltower	Pair Corr
0.47	EQIX	Equinix	Pair Corr
0.41	AAT	American Assets Trust	Pair Corr

The ability to find closely correlated positions to Extra Space could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Extra Space when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Extra Space - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Extra Space Storage to buy it.

The correlation of Extra Space is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Extra Space moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Extra Space Storage moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Extra Space can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Extra Stock Analysis

When running Extra Space's price analysis, check to measure Extra Space's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Extra Space is operating at the current time. Most of Extra Space's value examination focuses on studying past and present price action to predict the probability of Extra Space's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Extra Space's price. Additionally, you may evaluate how the addition of Extra Space to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Extra Space Storage Stock Z Score

Extra Space Storage Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Extra Z Score Driver Correlations

Extra Space Current Valuation Drivers

Extra Space ESG Sustainability

Extra Space Institutional Holders

Extra Fundamentals

About Extra Space Fundamental Analysis

Pair Trading with Extra Space

Moving together with Extra Stock

Moving against Extra Stock

Additional Tools for Extra Stock Analysis

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