PSA
StockPublic Storage
One email when a drop — in price or in valuation — is historically rare for PSA. Otherwise we stay quiet.
Bigger than its usual dip. Not yet rare.
Public Storage is 8.9% off its high — deeper than its 3.7% average pullback, but it has been through 274 drawdowns before. Not historically significant yet — we'll say so if that changes.
Valuation is notable too — P/S Severity Score 2.2, below its typical range.
Moderately Elevated
Current Drawdown
-8.9%
Days in Drawdown
1572
Avg Max Drawdown
3.7%
Avg Length
46
Drawdown Severity Score™
2.0
PSA - Price & High Water Mark
PSA - 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 21, 2026 · updated daily
Where today's valuation sits within PSA'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
Public Storage has been cheaper on this measure only about 37% of the time in 20 years of daily history.
Price to Sales history
EV to EBITDA
Public Storage has been cheaper on this measure only about 42% of the time in 20 years of daily history.
EV to EBITDA history · log scale
Public Storage (PSA) Analysis: Current Drawdown Insights
Public Storage is currently in a drawdown that is unusual by its own historical standards. As of 2026-08-21, the stock is trading at $322.49, which represents a 8.9% decline from its all-time high of $353.83. This drawdown has persisted for 1572 days.
Based on its full tracked price history, Public Storage typically experiences drawdowns averaging 3.7% in depth, with an average duration of 46 days. Public Storage has gone through 274 total drawdown events in its tracked history. The largest drawdown on record for Public Storage was 58.8%, beginning in 1986. The longest drawdown duration on record was 2594 days.
The Drawdown Severity Score™ for Public Storage currently stands at 2.03. 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 2.0 and 3.0 indicates a moderately elevated drawdown that's starting to exceed this asset's normal range.
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 Public Storage'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 274 tracked pullbacks (68 listed).
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2022-05-02 | Ongoing | 1572 days | -8.9% | $353.83 | $322.49 | n/a |
| 2022-04-08 | 2022-04-18 | 11 days | -1.8% | $344.81 | $338.58 | $345.16 |
| 2022-04-04 | 2022-04-06 | 3 days | -0.6% | $334.12 | $332.09 | $344.29 |
| 2022-03-30 | 2022-04-01 | 3 days | -1.6% | $334.09 | $328.87 | $334.12 |
| 2022-03-07 | 2022-03-25 | 18 days | -5.4% | $316.22 | $299.26 | $316.84 |
| 2022-01-03 | 2022-03-04 | 61 days | -8.6% | $313.87 | $286.90 | $316.22 |
| 2021-12-30 | 2021-12-31 | 2 days | -0.0% | $312.24 | $312.11 | $313.87 |
| 2021-12-21 | 2021-12-27 | 7 days | -1.1% | $306.67 | $303.17 | $309.04 |
| 2021-12-17 | 2021-12-20 | 4 days | -0.3% | $304.18 | $303.13 | $306.67 |
| 2021-12-14 | 2021-12-15 | 2 days | -0.3% | $295.98 | $295.21 | $302.93 |
| 2021-12-09 | 2021-12-10 | 2 days | -0.3% | $286.15 | $285.22 | $289.97 |
| 2021-11-03 | 2021-12-06 | 34 days | -4.4% | $281.40 | $269.04 | $282.89 |
| 2021-11-01 | 2021-11-02 | 2 days | -0.2% | $276.79 | $276.34 | $281.40 |
| 2021-09-03 | 2021-10-28 | 56 days | -10.2% | $274.12 | $246.03 | $276.32 |
| 2021-08-23 | 2021-09-01 | 10 days | -2.5% | $268.52 | $261.89 | $273.00 |
| 2021-08-13 | 2021-08-16 | 4 days | -0.1% | $260.84 | $260.57 | $263.42 |
| 2021-07-19 | 2021-08-12 | 25 days | -2.9% | $259.96 | $252.34 | $260.84 |
| 2021-07-13 | 2021-07-16 | 4 days | -1.1% | $259.80 | $256.93 | $259.96 |
| 2021-07-08 | 2021-07-09 | 2 days | -0.3% | $255.21 | $254.36 | $258.09 |
| 2021-06-28 | 2021-07-06 | 9 days | -1.4% | $252.35 | $248.70 | $254.99 |
| 2021-06-24 | 2021-06-25 | 2 days | -0.6% | $251.53 | $249.94 | $252.35 |
| 2021-06-22 | 2021-06-23 | 2 days | -0.4% | $251.36 | $250.45 | $251.53 |
| 2021-06-15 | 2021-06-17 | 3 days | -0.8% | $243.97 | $241.97 | $244.81 |
| 2021-06-04 | 2021-06-07 | 4 days | -0.0% | $237.57 | $237.45 | $239.52 |
| 2021-05-03 | 2021-05-28 | 26 days | -4.1% | $231.24 | $221.83 | $232.33 |
| 2021-04-26 | 2021-04-29 | 4 days | -1.3% | $227.63 | $224.72 | $229.86 |
| 2021-04-16 | 2021-04-19 | 4 days | -0.4% | $220.22 | $219.43 | $222.38 |
| 2021-04-14 | 2021-04-15 | 2 days | -1.2% | $219.56 | $216.88 | $220.22 |
| 2019-09-03 | 2021-04-01 | 577 days | -37.6% | $204.17 | $127.33 | $207.21 |
| 2019-08-28 | 2019-08-29 | 2 days | -0.1% | $202.24 | $202.01 | $202.24 |
| 2019-08-23 | 2019-08-27 | 5 days | -0.9% | $201.97 | $200.13 | $202.24 |
| 2019-08-20 | 2019-08-21 | 2 days | -0.2% | $201.33 | $200.93 | $201.33 |
| 2019-08-16 | 2019-08-19 | 4 days | -0.5% | $200.48 | $199.57 | $201.33 |
| 2019-08-13 | 2019-08-15 | 3 days | -1.2% | $199.51 | $197.15 | $200.48 |
| 2019-07-16 | 2019-08-06 | 22 days | -4.1% | $192.52 | $184.65 | $192.87 |
| 2019-07-11 | 2019-07-15 | 5 days | -0.4% | $192.47 | $191.75 | $192.52 |
| 2019-07-05 | 2019-07-10 | 6 days | -1.0% | $190.94 | $189.12 | $192.47 |
| 2016-04-05 | 2019-07-03 | 1185 days | -30.4% | $189.29 | $131.66 | $190.94 |
| 2016-04-01 | 2016-04-04 | 4 days | -0.1% | $188.99 | $188.78 | $189.29 |
| 2016-03-30 | 2016-03-31 | 2 days | -0.5% | $188.09 | $187.20 | $188.99 |
| 2016-03-18 | 2016-03-28 | 11 days | -2.2% | $184.83 | $180.82 | $184.90 |
| 2016-03-03 | 2016-03-11 | 9 days | -2.8% | $174.36 | $169.42 | $174.80 |
| 2016-02-03 | 2016-03-02 | 29 days | -10.3% | $173.71 | $155.85 | $174.36 |
| 2016-01-27 | 2016-01-29 | 3 days | -2.1% | $172.52 | $168.92 | $172.58 |
| 2015-12-30 | 2016-01-26 | 28 days | -4.7% | $171.66 | $163.55 | $172.52 |
| 2015-12-22 | 2015-12-28 | 7 days | -1.0% | $170.60 | $168.97 | $170.96 |
| 2015-12-17 | 2015-12-21 | 5 days | -0.9% | $170.05 | $168.50 | $170.60 |
| 2015-12-15 | 2015-12-16 | 2 days | -0.9% | $169.54 | $167.99 | $170.05 |
| 2015-12-09 | 2015-12-14 | 6 days | -2.2% | $166.39 | $162.81 | $169.54 |
| 2015-12-02 | 2015-12-07 | 6 days | -2.6% | $164.30 | $160.06 | $164.33 |
| 2015-11-30 | 2015-12-01 | 2 days | -0.3% | $162.74 | $162.24 | $164.30 |
| 2013-10-28 | 2014-04-08 | 163 days | -13.7% | $110.18 | $95.04 | $110.27 |
| 2013-05-22 | 2013-09-18 | 120 days | -12.3% | $104.35 | $91.52 | $104.73 |
| 2012-05-03 | 2012-06-29 | 58 days | -10.3% | $87.71 | $78.68 | $87.75 |
| 2011-09-19 | 2011-10-24 | 36 days | -14.0% | $72.95 | $62.77 | $73.07 |
| 2011-07-25 | 2011-08-30 | 37 days | -17.2% | $72.55 | $60.09 | $72.62 |
| 2007-02-09 | 2010-09-03 | 1302 days | -55.8% | $59.01 | $26.08 | $59.11 |
| 2006-03-16 | 2006-08-03 | 140 days | -14.2% | $41.97 | $36.01 | $42.22 |
| 2005-09-12 | 2005-11-15 | 65 days | -11.1% | $34.66 | $30.80 | $34.67 |
| 2004-04-05 | 2004-08-18 | 136 days | -18.6% | $23.44 | $19.07 | $23.70 |
| 2002-04-16 | 2003-07-30 | 471 days | -23.9% | $16.72 | $12.73 | $16.83 |
| 1998-02-11 | 2001-06-12 | 1217 days | -31.4% | $11.51 | $7.90 | $11.69 |
| 1997-07-08 | 1998-01-13 | 190 days | -13.0% | $10.36 | $9.02 | $10.85 |
| 1997-01-02 | 1997-07-03 | 182 days | -14.7% | $10.31 | $8.79 | $10.36 |
| 1996-03-06 | 1996-08-01 | 148 days | -10.5% | $6.99 | $6.26 | $7.06 |
| 1995-10-20 | 1995-12-13 | 55 days | -12.0% | $6.17 | $5.43 | $6.19 |
| 1994-06-02 | 1995-03-14 | 286 days | -17.5% | $4.73 | $3.91 | $4.95 |
| 1994-03-24 | 1994-05-31 | 68 days | -11.8% | $4.56 | $4.02 | $4.66 |
| 1986-04-25 | 1993-06-01 | 2594 days | -58.8% | $3.23 | $1.33 | $3.27 |
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:
Public Storage (PSA) is trading at $322.49 as of Aug 21, 2026. It is 8.9% below its high of $353.83. The drawdown has lasted 1,572 days. Severity score: 2.0 (Moderately Elevated).
PSA Price History and Drawdown Data
Latest price
$322.49
High-water mark
$353.83
Current drawdown
-8.9%
Days in drawdown
1,572
This PSA 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 Public Storage drawdowns.
What History Says About PSA
Public Storage has dropped 15%+ from its high 9 times in its tracked history. These events lasted an average of 867 days with an average max drop of -32.4%.
The current drawdown of -8.9% has lasted 1,572 days, which is 1.8x the average duration of comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Apr 1986 to Jun 1993 | -58.8% | 2594 days |
| Feb 2007 to Sep 2010 | -55.8% | 1302 days |
| Sep 2019 to Apr 2021 | -37.6% | 577 days |
| Feb 1998 to Jun 2001 | -31.4% | 1217 days |
| Apr 2016 to Jul 2019 | -30.4% | 1185 days |
| Apr 2002 to Jul 2003 | -23.9% | 471 days |
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