PSA
9/9 ScorePublic Storage
Analysis Date: February 1, 2026
Buffettology Criteria
All 9 of 9 criteria passed
High ROE
Return on Equity > 12%
Value: 19.9%
High ROIC
Return on Invested Capital > 9%
Value: 13.0%
Cash Machine
FCF / Assets > 5%
Fair Valuation
Earnings Yield > 3.5%
Value: 3.9%
Share Buybacks
Share Count is Dropping
Value: -0.1%
Defensible Moat
Gross Profit Margin > 40%
Value: 73.0%
Simple Business
Not in a speculative sector (e.g., Biotech)
Value: Real Estate
Conservative Debt
Debt to Equity < 1.5
Value: 1.08x
Consistent Growth
5-Year Growth is Positive
Value: 35.4%
Analysis Summary
Well, looks like PSA passed all nine of my tests with flying colors. A high ROE and ROIC, coupled with a business that generates cash and has a strong moat, is the kind of foundation I like to see. The valuation isn't screaming bargain, but it's reasonable, and the conservative debt levels provide a good margin of safety. This one's definitely worth a closer look for the long haul.
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