EXR

Stock

Extra Space Storage Inc.

One email when a drop — in price or in valuation — is historically rare for EXR. Otherwise we stay quiet.

Rare

Rare — pay attention.

Extra Space Storage Inc. is 24.6% off its high, 1679 days in — deeper than the vast majority of its 214 recorded drawdowns. This is the kind of decline the severity score exists to flag.

Valuation is notable too — P/S Severity Score 2.1, below its typical range.

Price $146.81 · as of Aug 21, 2026All-time high $194.65Drawdown -24.6%Severity Score™ 5.8Is the broader market down too?
🔴

Strong

Current Drawdown

-24.6%

Days in Drawdown

1679

Avg Max Drawdown

3.4%

Avg Length

28

Drawdown Severity Score™

5.8

EXR - Price & High Water Mark

EXR - Drawdown Timeline

How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.

Valuation vs Its Own History

Data as of August 22, 2026 · updated daily

Where today's valuation sits within EXR's own multi-year range, scored with the same Drawdown Severity Score language as price, measured from its typical level rather than its record high — a higher score means it has rarely been cheaper. This is context, not a recommendation.

Price to Sales

9.4xSeverity Score 2.1 · Below its typical range
Low: 1.5xMedian: 10.2xHigh: 20.8x

Extra Space Storage Inc. has been cheaper on this measure only about 38% of the time in 20 years of daily history.

54.5% below its highest Price to Sales reading · high date December 31, 2021

Price to Sales history

EV to EBITDA

20.8xSeverity Score 3.2 · Below its typical range
Low: 10.5xMedian: 22.6xHigh: 36.7x

Extra Space Storage Inc. has been cheaper on this measure only about 28% of the time in 20 years of daily history.

43.4% below its highest EV to EBITDA reading · high date April 8, 2016

EV to EBITDA history · log scale

How we measure valuation

Extra Space Storage Inc. (EXR) Analysis: Current Drawdown Insights

Extra Space Storage Inc. is currently in a drawdown that is unusual by its own historical standards. As of 2026-08-21, the stock is trading at $146.81, which represents a 24.6% decline from its all-time high of $194.65. This drawdown has persisted for 1679 days.

Based on its full tracked price history, Extra Space Storage Inc. typically experiences drawdowns averaging 3.4% in depth, with an average duration of 28 days. Extra Space Storage Inc. has gone through 214 total drawdown events in its tracked history. The largest drawdown on record for Extra Space Storage Inc. was 71.3%, beginning in 2007. The longest drawdown duration on record was 1283 days.

The Drawdown Severity Score™ for Extra Space Storage Inc. currently stands at 5.83. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score between 5.0 and 8.0 indicates a rare, significant drawdown: the asset seldom sees declines at this level in its tracked history.

Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing Extra Space Storage Inc.'s historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.

📜 Historical Drawdown Events

Current drawdown shown in blue. Showing the most recent and the deepest of 214 tracked pullbacks (66 listed).

Start DateEnd DateDurationMax DepthStart PriceLowest PriceRecovery Price
2022-01-15Ongoing1679 days-24.6%$194.65$146.81n/a
2021-12-232021-12-275 days-0.5%$188.06$187.16$190.38
2021-12-212021-12-222 days-0.0%$185.27$185.21$188.06
2021-12-142021-12-152 days-0.9%$181.66$180.08$184.07
2021-12-092021-12-135 days-1.8%$178.68$175.41$181.66
2021-12-032021-12-075 days-1.9%$175.31$171.96$178.12
2021-11-262021-12-027 days-2.7%$174.38$169.66$175.31
2021-11-192021-11-246 days-1.7%$173.52$170.61$174.38
2021-11-032021-11-1816 days-3.7%$172.44$166.09$173.52
2021-11-012021-11-022 days-0.1%$168.45$168.20$172.44
2021-09-072021-10-2852 days-12.7%$164.22$143.29$165.23
2021-08-232021-08-242 days-0.1%$150.53$150.39$150.73
2021-08-042021-08-2017 days-1.8%$149.67$147.02$150.53
2021-07-132021-08-0221 days-4.1%$148.09$141.96$148.60
2021-07-082021-07-092 days-1.2%$145.39$143.71$146.82
2021-06-282021-07-025 days-1.5%$141.06$138.88$141.46
2021-06-242021-06-252 days-0.6%$139.69$138.80$141.06
2021-06-222021-06-232 days-0.4%$138.74$138.12$139.69
2021-06-182021-06-214 days-1.2%$136.79$135.14$138.74
2021-06-162021-06-172 days-0.3%$135.62$135.24$136.79
2021-06-032021-06-042 days-0.1%$129.73$129.55$129.88
2021-05-032021-05-2826 days-4.6%$125.26$119.46$126.21
2021-04-262021-04-305 days-0.7%$124.29$123.48$125.26
2021-04-212021-04-222 days-0.0%$123.32$123.32$123.84
2021-04-142021-04-152 days-1.5%$118.91$117.12$119.78
2021-04-082021-04-092 days-0.0%$115.92$115.90$116.58
2021-04-052021-04-062 days-0.3%$114.11$113.74$115.55
2021-03-172021-04-0116 days-5.7%$112.84$106.44$114.11
2021-02-262021-03-1215 days-5.8%$108.28$102.00$110.96
2021-02-102021-02-2213 days-2.3%$100.02$97.70$100.93
2020-10-262021-02-09107 days-9.9%$98.38$88.65$100.02
2019-09-052020-10-23415 days-38.0%$98.03$60.77$98.38
2019-08-202019-08-3011 days-0.8%$96.60$95.85$96.76
2019-08-162019-08-194 days-0.1%$95.88$95.73$96.60
2019-08-132019-08-153 days-0.9%$94.53$93.63$95.88
2019-08-092019-08-124 days-0.1%$94.22$94.16$94.53
2019-08-052019-08-062 days-0.6%$91.12$90.57$91.47
2019-07-162019-07-3116 days-2.9%$88.88$86.26$89.20
2019-07-112019-07-155 days-0.8%$88.45$87.78$88.88
2019-06-202019-07-0819 days-3.7%$86.58$83.38$86.84
2019-06-062019-06-1914 days-0.8%$86.37$85.66$86.58
2019-05-142019-06-0523 days-2.6%$84.71$82.47$86.37
2019-05-032019-05-1311 days-2.8%$83.80$81.41$84.71
2019-04-292019-04-302 days-0.9%$81.51$80.80$81.62
2019-03-292019-04-2629 days-3.4%$80.88$78.11$81.51
2019-03-272019-03-282 days-0.6%$80.12$79.62$80.88
2019-03-222019-03-254 days-0.0%$79.23$79.19$79.77
2019-03-152019-03-217 days-1.1%$78.75$77.87$79.23
2019-02-112019-03-1431 days-8.1%$78.33$72.01$78.75
2018-06-272019-02-07226 days-15.4%$77.34$65.44$77.72
2018-06-222018-06-254 days-0.4%$76.37$76.05$76.62
2016-07-142018-04-17643 days-26.4%$66.85$49.21$67.68
2016-04-112016-05-1030 days-9.2%$65.70$59.64$66.02
2016-01-072016-03-1770 days-14.0%$63.55$54.68$64.08
2015-08-182015-10-0549 days-11.0%$54.04$48.09$54.16
2015-05-182015-07-3074 days-9.1%$49.15$44.66$50.01
2013-10-282014-02-26122 days-16.2%$31.47$26.38$31.56
2013-07-232013-09-1656 days-9.4%$28.60$25.92$28.62
2013-05-222013-07-2262 days-9.1%$28.54$25.96$28.60
2012-05-032012-06-2958 days-9.7%$18.96$17.13$19.06
2011-07-252011-10-2795 days-19.6%$13.45$10.81$13.74
2010-11-082010-12-1033 days-10.3%$10.29$9.23$10.33
2007-03-132010-09-151283 days-71.3%$9.83$2.82$9.86
2007-02-082007-03-1232 days-9.8%$9.70$8.75$9.83
2006-03-302006-08-21144 days-14.1%$7.94$6.83$8.01
2005-07-212006-03-15238 days-19.5%$7.32$5.89$7.43
2004-12-062005-05-27172 days-9.1%$6.04$5.49$6.17

How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).

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Or explore current drawdowns:

Extra Space Storage Inc. (EXR) is trading at $146.81 as of Aug 21, 2026. It is 24.6% below its high of $194.65. The drawdown has lasted 1,679 days. Severity score: 5.8 (Strong).

EXR Price History and Drawdown Data

Latest price

$146.81

High-water mark

$194.65

Current drawdown

-24.6%

Days in drawdown

1,679

This EXR page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior Extra Space Storage Inc. drawdowns.

What History Says About EXR

Extra Space Storage Inc. has dropped 15%+ from its high 7 times in its tracked history. These events lasted an average of 432 days with an average max drop of -29.5%.

The current drawdown of -24.6% has lasted 1,679 days, which is 3.9x the average duration of comparable events.

PeriodMax DropDuration
Mar 2007 to Sep 2010-71.3%1283 days
Sep 2019 to Oct 2020-38.0%415 days
Jul 2016 to Apr 2018-26.4%643 days
Jul 2011 to Oct 2011-19.6%95 days
Jul 2005 to Mar 2006-19.5%238 days
Oct 2013 to Feb 2014-16.2%122 days

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