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PS Business Parks PSB
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Quarterly report 2022-Q3
added 06-13-2026

PS Business Parks Financial Ratios 2022-2007 | PSB

Brief overview of PS Business Parks's market valuation

The comparison uses the five latest available annual observations between 2017 and 2021.

The latest available valuation ratios are P/E 9.52x (median 16.9x), EV/EBITDA 41.04x (median 39.28x), P/S 29.47x (median 9.07x). Current valuation broadly matches recent historical reference points; the difference from five-year medians is +8.6%.

Earnings yield calculated as 1/P/E is about 10.5%, showing current profit per unit of share price.

Current measures of operating quality are ROE -9.6%, ROA -2.9%, ROCE 9.4%. Losses and negative capital returns make ordinary P/E-like references unstable or inapplicable.

Current PEG of 1.57x shows no clear imbalance between price and expected earnings momentum.

Cash turnover speed was broadly preserved, with the cycle moving from 2.5 days to 0.6 days.

What the ratios show

PS Business Parks's valuation and business quality look relatively balanced, with no pronounced distortion in either direction.

Annual Financial Ratios PS Business Parks

2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007

P/E

-29.4 9.5 21.7 21.4 15.9 16.9 20.8 15.6 9.9 15.2 14.8 11.6 - - - -

P/S

29.5 9.7 9.1 8.7 8.7 6.5 6.9 5.4 4.6 4.4 3.8 3.7 - - - -

EPS

4.0 14.3 4.5 4.0 6.3 3.3 2.3 2.5 4.2 1.8 0.8 2.1 1.6 2.7 1.1 -

EV (Enterprise Value)

9.25 B 4.37 B 3.78 B 3.76 B 3.64 B 2.72 B 2.84 B 2.17 B 1.89 B 1.86 B 1.84 B 1.87 B 193 M -109 M -55 M -35 M

EBITDA per Share

8.16 3.4 3.51 3.8 3.63 9.82 9.19 8.84 4.1 4.4 4.51 3.44 3.19 3.82 4.86 -

EV/EBITDA

41.0 46.8 39.3 36.1 36.7 10.2 11.4 9.1 17.2 17.1 16.8 22.1 2.5 -1.3 -0.6 -

PEG

-2.07 -0.76 -1.97 1.57 1.4 0.72 0.74 0.54 3.76 -54.64 -0.31 0.47 - - - -

P/B

2.8 2.1 1.9 1.9 1.8 1.4 1.5 1.1 0.9 0.8 0.8 0.8 - - - -

P/CF

-103.2 14.1 13.6 12.9 13.0 9.6 10.6 8.5 7.6 7.0 6.3 6.1 - - - -

ROE %

-9.58 25.87 9.88 10.02 12.84 9.16 7.94 7.86 10.15 6.01 6.16 7.98 7.15 6.35 5.14 -

ROA %

-2.91 21.14 8.43 8.55 10.96 7.38 6.04 5.97 7.81 4.61 4.14 4.40 5.26 4.93 - -

ROCE %

- - - 9.35 8.95 9.48 8.11 6.96 5.82 6.04 5.51 5.04 - - - -

Current Ratio

1.4 16.4 25.1 24.2 24.3 10.0 6.9 6.7 7.0 6.9 4.0 2.7 8.2 15.8 - -

DSO

- - - 0.6 1.4 1.7 2.0 2.5 3.9 5.1 4.2 3.9 3.6 1.6 - -

Operating Cycle

- - - 0.6 1.4 1.7 2.0 2.5 3.9 5.1 4.2 3.9 3.6 1.6 - -

Cash Conversion Cycle

- - - 0.6 1.4 1.7 2.0 2.5 3.9 5.1 4.2 3.9 3.6 1.6 - -

All numbers in USD currency

Quarterly Financial Ratios PS Business Parks

2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q3 2010-Q2

EPS

- -1.42 2.79 2.61 - 1.9 1.66 1.01 - 1.11 0.93 1.52 1 0.96 1.04 0.96 1.15 0.92 2.57 1.69 0.78 0.67 0.91 0.97 0.47 0.73 0.58 0.54 0.55 0.83 0.41 0.73 3.05 0.42 0.37 0.37 0.68 0.37 0.36 0.35 0.4 0.21 0.06 0.14 0.36 0.63 0.46 0.67 0.39 0.38

EBITDA per Share

- 3.63 1.66 0.84 - 0.87 0.82 0.84 - 0.84 0.84 0.97 - 0.96 0.9 0.91 - 2.55 2.5 2.51 - 2.46 2.47 2.44 - 2.35 0.93 0.93 - 0.96 1 0.97 - 1 1.05 1.06 - 1.09 1.09 1.11 - 1.11 1.12 1.13 - 0.87 0.85 0.85 0.86 761

ROE %

5.95 9.54 16.23 13.76 9.14 11.58 10.14 9.94 7.65 9.23 9.04 9.26 8.44 8.65 8.58 10.97 12.20 11.67 11.81 9.37 8.36 7.91 7.61 7.09 6.34 6.45 6.84 6.57 6.88 10.77 9.89 9.82 9.25 6.01 6.01 6.00 4.53 6.07 6.19 6.32 4.88 7.08 7.36 7.94 6.27 7.95 7.64 2.25 1.69 1.88

ROA %

6.60 9.64 13.55 11.55 7.76 9.84 8.63 8.48 6.53 7.87 7.67 7.86 7.16 7.34 7.33 9.35 10.41 9.90 9.81 7.64 6.66 6.26 6.17 5.79 5.10 5.17 5.26 4.94 5.19 8.20 7.60 7.55 7.11 4.55 4.50 4.43 3.31 4.27 4.21 4.07 3.01 4.62 5.01 5.62 4.64 5.95 5.81 1.68 1.31 1.46

ROCE %

7.61 7.61 7.61 7.61 7.61 7.61 7.61 7.61 7.61 7.61 7.61 7.61 7.61 7.61 7.61 7.61 7.61 10.28 10.43 10.61 8.01 10.36 2.68 2.67 - 2.35 - - - - - - - - - - - - - - - - - - - - - - - -

Current Ratio

- 1.5 24.0 18.8 16.4 21.4 23.4 24.8 25.1 23.5 24.4 26.1 24.2 14.9 25.6 25.6 24.3 24.0 22.7 24.6 10.0 7.0 11.2 10.9 6.9 14.0 15.4 6.7 6.7 5.6 7.0 7.0 7.0 6.8 7.0 7.0 6.9 5.2 5.2 5.2 4.0 3.4 3.6 3.0 2.8 6.5 6.9 7.3 14.1 14.7

DSO

- - - - - - - - - - - - - 1.0 2.4 2.0 1.5 1.7 2.2 2.2 1.8 -511.7 2.4 2.4 - 2.0 2.5 2.5 - 4.1 5.1 4.3 - 3.8 6.1 6.4 - 4.8 5.7 5.7 - 5.2 5.1 3.9 - 3.9 4.8 4.8 3.7 -

Operating Cycle

- - - - - - - - - - - - - 1.0 2.4 2.0 1.5 1.7 1.4 1.4 1.7 -455.3 1.7 1.7 - 1.8 1.8 2.0 - 2.2 2.2 2.5 - 2.7 2.8 3.9 - 5.3 5.4 5.2 - 5.0 5.1 4.3 - 3.8 4.0 - - -

Cash Conversion Cycle

- - - - - - - - - - - - - 1.0 2.4 2.0 1.5 1.7 1.4 1.4 1.7 -455.3 1.7 1.7 - 1.8 1.8 2.0 - 2.2 2.2 2.5 - 2.7 2.8 3.9 - 5.3 5.4 5.2 - 5.0 5.1 4.3 - 3.8 4.0 - - -

All numbers in USD currency

Multiples are an important financial analysis tool for the company PS Business Parks, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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