CUBE Valuation

CubeSmart

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40.920

+0.29(0.714%)1D

Overview
Forecast
Valuation
Earnings

CUBE Relative Valuation

CUBE's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, CUBE is overvalued; if below, it's undervalued.

Historical Valuation

CubeSmart (CUBE) is now in the Fair zone, suggesting that its current forward PE ratio of 26.50 is considered Fairly compared with the five-year average of 33.17. The fair price of CubeSmart (CUBE) is between 37.95 to 61.73 according to relative valuation methord.

Relative Value

Fair Zone

37.95-61.73

Current Price：40.92

Fair

26.50

Trailing

Forward

17.93

EV/EBITDA

CubeSmart. (CUBE) has a current EV/EBITDA of 17.93. The 5-year average EV/EBITDA is 19.90. The thresholds are as follows: Strongly Undervalued below 14.82, Undervalued between 14.82 and 17.36, Fairly Valued between 22.45 and 17.36, Overvalued between 22.45 and 24.99, and Strongly Overvalued above 24.99. The current Forward EV/EBITDA of 17.93 falls within the Historic Trend Line -Fairly Valued range.

27.51

EV/EBIT

CubeSmart. (CUBE) has a current EV/EBIT of 27.51. The 5-year average EV/EBIT is 34.42. The thresholds are as follows: Strongly Undervalued below 14.22, Undervalued between 14.22 and 24.32, Fairly Valued between 44.52 and 24.32, Overvalued between 44.52 and 54.62, and Strongly Overvalued above 54.62. The current Forward EV/EBIT of 27.51 falls within the Historic Trend Line -Fairly Valued range.

8.25

CubeSmart. (CUBE) has a current PS of 8.25. The 5-year average PS is 9.65. The thresholds are as follows: Strongly Undervalued below 7.17, Undervalued between 7.17 and 8.41, Fairly Valued between 10.89 and 8.41, Overvalued between 10.89 and 12.12, and Strongly Overvalued above 12.12. The current Forward PS of 8.25 falls within the Undervalued range.

0.00

P/OCF

CubeSmart. (CUBE) has a current P/OCF of 0.00. The 5-year average P/OCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/OCF of 0.00 falls within the Strongly Undervalued range.

0.00

P/FCF

CubeSmart. (CUBE) has a current P/FCF of 0.00. The 5-year average P/FCF is 21.53. The thresholds are as follows: Strongly Undervalued below -40.58, Undervalued between -40.58 and -9.52, Fairly Valued between 52.58 and -9.52, Overvalued between 52.58 and 83.64, and Strongly Overvalued above 83.64. The current Forward P/FCF of 0.00 falls within the Historic Trend Line -Fairly Valued range.

CubeSmart (CUBE) has a current Price-to-Book (P/B) ratio of 3.32. Compared to its 3-year average P/B ratio of 3.49 , the current P/B ratio is approximately -5.05% higher. Relative to its 5-year average P/B ratio of 3.83, the current P/B ratio is about -13.41% higher. CubeSmart (CUBE) has a Forward Free Cash Flow (FCF) yield of approximately 6.58%. Compared to its 3-year average FCF yield of 6.18%, the current FCF yield is approximately 6.40% lower. Relative to its 5-year average FCF yield of 5.50% , the current FCF yield is about 19.66% lower.

3.32

P/B

Median3y

3.49

Median5y

3.83

6.58

FCF Yield

Median3y

6.18

Median5y

5.50

Competitors Valuation Multiple

The average P/S ratio for CUBE's competitors is 7.36, providing a benchmark for relative valuation. CubeSmart Corp (CUBE) exhibits a P/S ratio of 8.25, which is 12.09% above the industry average. Given its robust revenue growth of 6.05%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Eastgroup Properties Inc

Rexford Industrial Realty Inc

Performance Decomposition

Market capitalization of CUBE decreased by 21.36% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 266.21M to 282.30M.

The secondary factor is the P/E Change, contributed -9.94%to the performance.

Overall, the performance of CUBE in the past 1 year is driven by Revenue Growth. Which is more sustainable.

6.05%

266.21M → 282.30M

Revenue Growth

-17.47%

35.38 → 29.20

Margin Expansion

-9.94%

27.72 → 24.96

P/E Change

-21.36%