PROLOGIS INC (PLD) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:PLD • US74340W1036
130.56 USD
+0.15 (+0.12%)
At close: Jan 30, 2026
130.56 USD
0 (0%)
After Hours: 1/30/2026, 4:20:02 PM
PLD gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 124 industry peers in the Diversified REITs industry. PLD has an excellent profitability rating, but there are concerns on its financial health. PLD is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year PLD was profitable.
- In the past year PLD had a positive cash flow from operations.
- PLD had positive earnings in each of the past 5 years.
- Of the past 5 years PLD 4 years had a positive operating cash flow.
1.2 Ratios
- Looking at the Return On Assets, with a value of 3.26%, PLD is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
- PLD has a Return On Equity of 6.08%. This is in the better half of the industry: PLD outperforms 71.77% of its industry peers.
- PLD has a Return On Invested Capital of 2.87%. This is comparable to the rest of the industry: PLD outperforms 54.84% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for PLD is in line with the industry average of 3.05%.
- The 3 year average ROIC (2.76%) for PLD is below the current ROIC(2.87%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.26% | ||
| ROE | 6.08% | ||
| ROIC | 2.87% |
ROA(3y)3.52%
ROA(5y)3.88%
ROE(3y)6.3%
ROE(5y)6.8%
ROIC(3y)2.76%
ROIC(5y)2.54%
1.3 Margins
- PLD's Profit Margin of 36.64% is amongst the best of the industry. PLD outperforms 91.13% of its industry peers.
- PLD's Profit Margin has improved in the last couple of years.
- With an excellent Operating Margin value of 39.78%, PLD belongs to the best of the industry, outperforming 85.48% of the companies in the same industry.
- PLD's Operating Margin has improved in the last couple of years.
- PLD has a Gross Margin of 75.10%. This is in the better half of the industry: PLD outperforms 73.39% of its industry peers.
- In the last couple of years the Gross Margin of PLD has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 39.78% | ||
| PM (TTM) | 36.64% | ||
| GM | 75.1% |
OM growth 3Y0.58%
OM growth 5Y4.15%
PM growth 3Y-12.4%
PM growth 5Y2.63%
GM growth 3Y-0.07%
GM growth 5Y0.25%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PLD is destroying value.
- PLD has more shares outstanding than it did 1 year ago.
- PLD has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, PLD has a worse debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 1.76, we must say that PLD is in the distress zone and has some risk of bankruptcy.
- With an excellent Altman-Z score value of 1.76, PLD belongs to the best of the industry, outperforming 91.94% of the companies in the same industry.
- PLD has a debt to FCF ratio of 120.19. This is a negative value and a sign of low solvency as PLD would need 120.19 years to pay back of all of its debts.
- With a decent Debt to FCF ratio value of 120.19, PLD is doing good in the industry, outperforming 64.52% of the companies in the same industry.
- PLD has a Debt/Equity ratio of 0.67. This is a neutral value indicating PLD is somewhat dependend on debt financing.
- PLD has a Debt to Equity ratio of 0.67. This is amongst the best in the industry. PLD outperforms 85.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | 120.19 | ||
| Altman-Z | 1.76 |
ROIC/WACC0.38
WACC7.51%
2.3 Liquidity
- PLD has a Current Ratio of 0.45. This is a bad value and indicates that PLD is not financially healthy enough and could expect problems in meeting its short term obligations.
- The Current ratio of PLD (0.45) is worse than 81.45% of its industry peers.
- A Quick Ratio of 0.45 indicates that PLD may have some problems paying its short term obligations.
- With a Quick ratio value of 0.45, PLD is not doing good in the industry: 80.65% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.45 | ||
| Quick Ratio | 0.45 |
3. Growth
3.1 Past
- PLD shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -11.25%.
- The Earnings Per Share has been growing by 11.94% on average over the past years. This is quite good.
- The Revenue has been growing slightly by 7.18% in the past year.
- The Revenue has been growing by 14.64% on average over the past years. This is quite good.
EPS 1Y (TTM)-11.25%
EPS 3Y-6.55%
EPS 5Y11.94%
EPS Q2Q%8.76%
Revenue 1Y (TTM)7.18%
Revenue growth 3Y13.74%
Revenue growth 5Y14.64%
Sales Q2Q%7.98%
3.2 Future
- PLD is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.36% yearly.
- The Revenue is expected to grow by 6.82% on average over the next years.
EPS Next Y-9.94%
EPS Next 2Y-1.02%
EPS Next 3Y2.66%
EPS Next 5Y4.36%
Revenue Next Year7.68%
Revenue Next 2Y7.55%
Revenue Next 3Y7.56%
Revenue Next 5Y6.82%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 36.78, the valuation of PLD can be described as expensive.
- PLD's Price/Earnings ratio is in line with the industry average.
- Compared to an average S&P500 Price/Earnings ratio of 28.39, PLD is valued a bit more expensive.
- Based on the Price/Forward Earnings ratio of 40.83, the valuation of PLD can be described as expensive.
- Based on the Price/Forward Earnings ratio, PLD is valued a bit cheaper than 66.13% of the companies in the same industry.
- PLD is valuated expensively when we compare the Price/Forward Earnings ratio to 25.72, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.78 | ||
| Fwd PE | 40.83 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, PLD is valued expensively inside the industry as 88.71% of the companies are valued cheaper.
- Based on the Price/Free Cash Flow ratio, PLD is valued a bit cheaper than the industry average as 62.90% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 412.87 | ||
| EV/EBITDA | 25.49 |
4.3 Compensation for Growth
- The decent profitability rating of PLD may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)3.08
EPS Next 2Y-1.02%
EPS Next 3Y2.66%
5. Dividend
5.1 Amount
- PLD has a Yearly Dividend Yield of 3.18%.
- PLD's Dividend Yield is slightly below the industry average, which is at 6.82.
- PLD's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.18% |
5.2 History
- On average, the dividend of PLD grows each year by 12.58%, which is quite nice.
- PLD has paid a dividend for at least 10 years, which is a reliable track record.
- PLD has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)12.58%
Div Incr Years11
Div Non Decr Years15
5.3 Sustainability
- 116.06% of the earnings are spent on dividend by PLD. This is not a sustainable payout ratio.
- The dividend of PLD is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP116.06%
EPS Next 2Y-1.02%
EPS Next 3Y2.66%
PROLOGIS INC / PLD FAQ
What is the fundamental rating for PLD stock?
ChartMill assigns a fundamental rating of 4 / 10 to PLD.
Can you provide the valuation status for PROLOGIS INC?
ChartMill assigns a valuation rating of 2 / 10 to PROLOGIS INC (PLD). This can be considered as Overvalued.
How profitable is PROLOGIS INC (PLD) stock?
PROLOGIS INC (PLD) has a profitability rating of 7 / 10.
What is the valuation of PROLOGIS INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for PROLOGIS INC (PLD) is 36.78 and the Price/Book (PB) ratio is 2.3.
How sustainable is the dividend of PROLOGIS INC (PLD) stock?
The dividend rating of PROLOGIS INC (PLD) is 5 / 10 and the dividend payout ratio is 116.06%.