PSA

Stock

Public Storage

Worth a look

Bigger than its usual dip. Not yet rare.

Public Storage is 9.7% 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.

Price $319.35 · as of Jul 9, 2026All-time high $353.83Drawdown -9.7%Severity Score™ 2.2
🟡

Moderately Elevated

Current Drawdown

-9.7%

Days in Drawdown

1541

Avg Max Drawdown

3.7%

Avg Length

46

Drawdown Severity Score™

2.2

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 July 8, 2026 · updated daily

Where today's valuation sits within PSA's own multi-year range. A lower percentile means today's ratio is lower than more of its past readings. This is context, not a recommendation.

Price to Sales

11.9xTypical Range · 39th percentile
Low: 4.7xMedian: 13.1xHigh: 21.6x

20 years of daily history

45.0% below its highest Price to Sales reading · 7.1x typical multiple drawdown · high date April 20, 2022

Price to Sales history

EV to EBITDA

18.6xTypical Range · 38th percentile
Low: 7.5xMedian: 19.8xHigh: 33.7x

20 years of daily history

44.9% below its highest EV to EBITDA reading · 6.6x typical multiple drawdown · high date April 20, 2022

EV to EBITDA history · log scale

How we measure valuation

Public Storage (PSA) Analysis: Current Drawdown Insights

Public Storage is currently in a drawdown that is unusual by its own historical standards. As of 2026-07-09, the stock is trading at $319.35, which represents a 9.7% decline from its all-time high of $353.83. This drawdown has persisted for 1541 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 2.23. 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 DateEnd DateDurationMax DepthStart PriceLowest PriceRecovery Price
2022-04-20Ongoing1541 days-9.7%$353.83$319.35n/a
2022-04-082022-04-1811 days-1.8%$344.81$338.58$345.16
2022-04-042022-04-063 days-0.6%$334.12$332.09$344.29
2022-03-302022-04-013 days-1.6%$334.09$328.87$334.12
2022-03-072022-03-2518 days-5.4%$316.22$299.26$316.84
2022-01-032022-03-0461 days-8.6%$313.87$286.90$316.22
2021-12-302021-12-312 days-0.0%$312.24$312.11$313.87
2021-12-212021-12-277 days-1.1%$306.67$303.17$309.04
2021-12-172021-12-204 days-0.3%$304.18$303.13$306.67
2021-12-142021-12-152 days-0.3%$295.98$295.21$302.93
2021-12-092021-12-102 days-0.3%$286.15$285.22$289.97
2021-11-032021-12-0634 days-4.4%$281.40$269.04$282.89
2021-11-012021-11-022 days-0.2%$276.79$276.34$281.40
2021-09-032021-10-2856 days-10.2%$274.12$246.03$276.32
2021-08-232021-09-0110 days-2.5%$268.52$261.89$273.00
2021-08-132021-08-164 days-0.1%$260.84$260.57$263.42
2021-07-192021-08-1225 days-2.9%$259.96$252.34$260.84
2021-07-132021-07-164 days-1.1%$259.80$256.93$259.96
2021-07-082021-07-092 days-0.3%$255.21$254.36$258.09
2021-06-282021-07-069 days-1.4%$252.35$248.70$254.99
2021-06-242021-06-252 days-0.6%$251.53$249.94$252.35
2021-06-222021-06-232 days-0.4%$251.36$250.45$251.53
2021-06-152021-06-173 days-0.8%$243.97$241.97$244.81
2021-06-042021-06-074 days-0.0%$237.57$237.45$239.52
2021-05-032021-05-2826 days-4.1%$231.24$221.83$232.33
2021-04-262021-04-294 days-1.3%$227.63$224.72$229.86
2021-04-162021-04-194 days-0.4%$220.22$219.43$222.38
2021-04-142021-04-152 days-1.2%$219.56$216.88$220.22
2019-09-032021-04-01577 days-37.6%$204.17$127.33$207.21
2019-08-282019-08-292 days-0.1%$202.24$202.01$202.24
2019-08-232019-08-275 days-0.9%$201.97$200.13$202.24
2019-08-202019-08-212 days-0.2%$201.33$200.93$201.33
2019-08-162019-08-194 days-0.5%$200.48$199.57$201.33
2019-08-132019-08-153 days-1.2%$199.51$197.15$200.48
2019-07-162019-08-0622 days-4.1%$192.52$184.65$192.87
2019-07-112019-07-155 days-0.4%$192.47$191.75$192.52
2019-07-052019-07-106 days-1.0%$190.94$189.12$192.47
2016-04-052019-07-031185 days-30.4%$189.29$131.66$190.94
2016-04-012016-04-044 days-0.1%$188.99$188.78$189.29
2016-03-302016-03-312 days-0.5%$188.09$187.20$188.99
2016-03-182016-03-2811 days-2.2%$184.83$180.82$184.90
2016-03-032016-03-119 days-2.8%$174.36$169.42$174.80
2016-02-032016-03-0229 days-10.3%$173.71$155.85$174.36
2016-01-272016-01-293 days-2.1%$172.52$168.92$172.58
2015-12-302016-01-2628 days-4.7%$171.66$163.55$172.52
2015-12-222015-12-287 days-1.0%$170.60$168.97$170.96
2015-12-172015-12-215 days-0.9%$170.05$168.50$170.60
2015-12-152015-12-162 days-0.9%$169.54$167.99$170.05
2015-12-092015-12-146 days-2.2%$166.39$162.81$169.54
2015-12-022015-12-076 days-2.6%$164.30$160.06$164.33
2015-11-302015-12-012 days-0.3%$162.74$162.24$164.30
2013-10-282014-04-08163 days-13.7%$110.18$95.04$110.27
2013-05-222013-09-18120 days-12.3%$104.35$91.52$104.73
2012-05-032012-06-2958 days-10.3%$87.71$78.68$87.75
2011-09-192011-10-2436 days-14.0%$72.95$62.77$73.07
2011-07-252011-08-3037 days-17.2%$72.55$60.09$72.62
2007-02-092010-09-031302 days-55.8%$59.01$26.08$59.11
2006-03-162006-08-03140 days-14.2%$41.97$36.01$42.22
2005-09-122005-11-1565 days-11.1%$34.66$30.80$34.67
2004-04-052004-08-18136 days-18.6%$23.44$19.07$23.70
2002-04-162003-07-30471 days-23.9%$16.72$12.73$16.83
1998-02-112001-06-121217 days-31.4%$11.51$7.90$11.69
1997-07-081998-01-13190 days-13.0%$10.36$9.02$10.85
1997-01-021997-07-03182 days-14.7%$10.31$8.79$10.36
1996-03-061996-08-01148 days-10.5%$6.99$6.26$7.06
1995-10-201995-12-1355 days-12.0%$6.17$5.43$6.19
1994-06-021995-03-14286 days-17.5%$4.73$3.91$4.95
1994-03-241994-05-3168 days-11.8%$4.56$4.02$4.66
1986-04-251993-06-012594 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 $319.35 as of Jul 9, 2026. It is 9.7% below its high of $353.83. The drawdown has lasted 1,541 days. Severity score: 2.2 (Moderately Elevated).

PSA Price History and Drawdown Data

Latest price

$319.35

High-water mark

$353.83

Current drawdown

-9.7%

Days in drawdown

1,541

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 -9.7% has lasted 1,541 days, which is 1.8x the average duration of comparable events.

PeriodMax DropDuration
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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