Extra Space Current Valuation vs. Price To Earning
| EXR Stock | USD 170.41 2.27 1.35% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.78 | 0.5403 |
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| Operating Profit Margin | 0.29 | 0.457 |
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For Extra Space profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Extra Space to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Extra Space Storage utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Extra Space's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Extra Space Storage over time as well as its relative position and ranking within its peers.
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Extra Space's Revenue Breakdown by Earning Segment
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Is Self-Storage REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Extra Space. If investors know Extra will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Extra Space listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.05) | Dividend Share 6.48 | Earnings Share 3.75 | Revenue Per Share 15.654 | Quarterly Revenue Growth 0.12 |
The market value of Extra Space Storage is measured differently than its book value, which is the value of Extra that is recorded on the company's balance sheet. Investors also form their own opinion of Extra Space's value that differs from its market value or its book value, called intrinsic value, which is Extra Space's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Extra Space's market value can be influenced by many factors that don't directly affect Extra Space's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Extra Space's value and its price as these two are different measures arrived at by different means. Investors typically determine if Extra Space is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Extra Space's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Extra Space Storage Price To Earning vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Extra Space's current stock value. Our valuation model uses many indicators to compare Extra Space value to that of its competitors to determine the firm's financial worth. Extra Space Storage is rated # 3 in current valuation category among its peers. It is rated below average in price to earning category among its peers . The ratio of Current Valuation to Price To Earning for Extra Space Storage is about 1,357,622,366 . Comparative valuation analysis is a catch-all technique that is used if you cannot value Extra Space by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Extra Current Valuation vs. Competition
Extra Space Storage is rated # 3 in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Real Estate industry is currently estimated at about 347.58 Billion. Extra Space retains roughly 47.79 Billion in current valuation claiming about 14% of equities listed under Real Estate industry.
Extra Price To Earning vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Extra Space |
| = | 47.79 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Extra Space |
| = | 35.20 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Extra Price To Earning Comparison
Extra Space is currently under evaluation in price to earning category among its peers.
Extra Space Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Extra Space, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Extra Space will eventually generate negative long term returns. The profitability progress is the general direction of Extra Space's change in net profit over the period of time. It can combine multiple indicators of Extra Space, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | 17.4 M | 18.3 M | |
| Operating Income | 1.2 B | 1.2 B | |
| Net Income | 802 M | 842.1 M | |
| Income Tax Expense | 21.6 M | 22.6 M | |
| Income Before Tax | 872 M | 915.6 M | |
| Total Other Income Expense Net | -298.1 M | -283.2 M | |
| Net Income Applicable To Common Shares | 988.4 M | 1 B | |
| Net Income From Continuing Ops | 842.5 M | 431.4 M | |
| Non Operating Income Net Other | 57.2 M | 60 M | |
| Interest Income | 79.9 M | 43.9 M | |
| Net Interest Income | -290.7 M | -276.1 M | |
| Change To Netincome | 39.8 M | 41.8 M | |
| Net Income Per Share | 4.75 | 4.98 | |
| Income Quality | 1.65 | 1.18 | |
| Net Income Per E B T | 0.92 | 1.00 |
Extra Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Extra Space. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Extra Space position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Extra Space's important profitability drivers and their relationship over time.
Use Extra Space in pair-trading
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.Extra Space Pair Trading
Extra Space Storage Pair Trading Analysis
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.Use Investing Themes to Complement your Extra Space position
In addition to having Extra Space in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Government Funds Thematic Idea Now
Government Funds
Funds or Etfs that invest in fixed income securities issued by national government to finance government spending or to facilitate Federal Reserve monetary policies. The Government Funds theme has 47 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Government Funds Theme or any other thematic opportunities.
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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.