PROLOGIS INC (PLD) Stock Fundamental Analysis

NYSE:PLD • US74340W1036

141.13 USD
-1.59 (-1.11%)
Last: Mar 3, 2026, 03:14 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Overall PLD gets a fundamental rating of 4 out of 10. We evaluated PLD against 122 industry peers in the Diversified REITs industry. PLD has an excellent profitability rating, but there are concerns on its financial health. PLD is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • PLD had positive earnings in the past year.
  • PLD had a positive operating cash flow in the past year.
  • Each year in the past 5 years PLD has been profitable.
  • PLD had a positive operating cash flow in 4 of the past 5 years.
PLD Yearly Net Income VS EBIT VS OCF VS FCFPLD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B 4B

1.2 Ratios

  • With a decent Return On Assets value of 3.26%, PLD is doing good in the industry, outperforming 74.59% 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 71.31% of its industry peers.
  • With a Return On Invested Capital value of 2.87%, PLD perfoms like the industry average, outperforming 54.10% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for PLD is in line with the industry average of 3.09%.
  • The last Return On Invested Capital (2.87%) for PLD is above the 3 year average (2.76%), which is a sign of increasing profitability.
Industry RankSector 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%
PLD Yearly ROA, ROE, ROICPLD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • The Profit Margin of PLD (36.64%) is better than 90.98% of its industry peers.
  • In the last couple of years the Profit Margin of PLD has grown nicely.
  • The Operating Margin of PLD (39.78%) is better than 84.43% of its industry peers.
  • PLD's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 75.10%, PLD is in the better half of the industry, outperforming 70.49% of the companies in the same industry.
  • PLD's Gross Margin has been stable in the last couple of years.
Industry RankSector 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%
PLD Yearly Profit, Operating, Gross MarginsPLD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

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.
  • The number of shares outstanding for PLD has been increased compared to 5 years ago.
  • PLD has a worse debt/assets ratio than last year.
PLD Yearly Shares OutstandingPLD Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
PLD Yearly Total Debt VS Total AssetsPLD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B

2.2 Solvency

  • An Altman-Z score of 1.91 indicates that PLD is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of PLD (1.91) is better than 93.44% of its industry peers.
  • The Debt to FCF ratio of PLD is 120.19, which is on the high side as it means it would take PLD, 120.19 years of fcf income to pay off all of its debts.
  • PLD's Debt to FCF ratio of 120.19 is fine compared to the rest of the industry. PLD outperforms 61.48% of its industry peers.
  • PLD has a Debt/Equity ratio of 0.67. This is a neutral value indicating PLD is somewhat dependend on debt financing.
  • PLD's Debt to Equity ratio of 0.67 is amongst the best of the industry. PLD outperforms 82.79% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.67
Debt/FCF 120.19
Altman-Z 1.91
ROIC/WACC0.39
WACC7.37%
PLD Yearly LT Debt VS Equity VS FCFPLD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10B 20B 30B 40B 50B

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.
  • PLD's Current ratio of 0.45 is on the low side compared to the rest of the industry. PLD is outperformed by 77.87% of its industry peers.
  • A Quick Ratio of 0.45 indicates that PLD may have some problems paying its short term obligations.
  • The Quick ratio of PLD (0.45) is worse than 77.05% of its industry peers.
Industry RankSector Rank
Current Ratio 0.45
Quick Ratio 0.45
PLD Yearly Current Assets VS Current LiabilitesPLD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The earnings per share for PLD have decreased strongly by -11.25% in the last year.
  • The Earnings Per Share has been growing by 11.94% on average over the past years. This is quite good.
  • PLD shows a small growth in Revenue. In the last year, the Revenue has grown by 7.18%.
  • Measured over the past years, PLD shows a quite strong growth in Revenue. The Revenue has been growing by 14.64% on average per year.
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 4.28% yearly.
  • PLD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.92% yearly.
EPS Next Y-3.91%
EPS Next 2Y-0.19%
EPS Next 3Y2.84%
EPS Next 5Y4.28%
Revenue Next Year10%
Revenue Next 2Y7.96%
Revenue Next 3Y8.78%
Revenue Next 5Y6.92%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
PLD Yearly Revenue VS EstimatesPLD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2B 4B 6B 8B 10B
PLD Yearly EPS VS EstimatesPLD Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 1 2 3 4

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 39.75 indicates a quite expensive valuation of PLD.
  • The rest of the industry has a similar Price/Earnings ratio as PLD.
  • When comparing the Price/Earnings ratio of PLD to the average of the S&P500 Index (27.13), we can say PLD is valued slightly more expensively.
  • A Price/Forward Earnings ratio of 41.37 indicates a quite expensive valuation of PLD.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of PLD indicates a somewhat cheap valuation: PLD is cheaper than 66.39% of the companies listed in the same industry.
  • PLD's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 28.11.
Industry RankSector Rank
PE 39.75
Fwd PE 41.37
PLD Price Earnings VS Forward Price EarningsPLD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, PLD is valued expensively inside the industry as 90.16% 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 61.48% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 446.3
EV/EBITDA 27.37
PLD Per share dataPLD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • PLD has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)3.33
EPS Next 2Y-0.19%
EPS Next 3Y2.84%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • PLD has a Yearly Dividend Yield of 3.00%.
  • Compared to an average industry Dividend Yield of 7.15, PLD's dividend is way lower than its industry peers. On top of this 80.33% of the companies listed in the same industry pay a better dividend than PLD!
  • Compared to an average S&P500 Dividend Yield of 1.82, PLD pays a better dividend.
Industry RankSector Rank
Dividend Yield 3%

5.2 History

  • On average, the dividend of PLD grows each year by 12.58%, which is quite nice.
  • PLD has been paying a dividend for at least 10 years, so it has 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
PLD Yearly Dividends per sharePLD Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

5.3 Sustainability

  • PLD pays out 116.06% of its income as dividend. This is not a sustainable payout ratio.
  • PLD's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP116.06%
EPS Next 2Y-0.19%
EPS Next 3Y2.84%
PLD Yearly Income VS Free CF VS DividendPLD Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B
PLD Dividend Payout.PLD Dividend Payout, showing the Payout Ratio.PLD Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

PROLOGIS INC

NYSE:PLD (3/3/2026, 3:14:09 PM)

141.13

-1.59 (-1.11%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)01-21
Earnings (Next)04-14
Inst Owners97.23%
Inst Owner Change0%
Ins Owners0.25%
Ins Owner Change16.7%
Market Cap131.09B
Revenue(TTM)8.79B
Net Income(TTM)3.20B
Analysts77.24
Price Target143.12 (1.41%)
Short Float %1.22%
Short Ratio3.28
Dividend
Industry RankSector Rank
Dividend Yield 3%
Yearly Dividend3.86
Dividend Growth(5Y)12.58%
DP116.06%
Div Incr Years11
Div Non Decr Years15
Ex-Date03-17
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)8.95%
Min EPS beat(2)-4.74%
Max EPS beat(2)22.64%
EPS beat(4)3
Avg EPS beat(4)33.28%
Min EPS beat(4)-4.74%
Max EPS beat(4)111.94%
EPS beat(8)7
Avg EPS beat(8)36.01%
EPS beat(12)10
Avg EPS beat(12)29.95%
EPS beat(16)14
Avg EPS beat(16)46.94%
Revenue beat(2)0
Avg Revenue beat(2)-4.84%
Min Revenue beat(2)-5.94%
Max Revenue beat(2)-3.74%
Revenue beat(4)0
Avg Revenue beat(4)-3.74%
Min Revenue beat(4)-5.94%
Max Revenue beat(4)-1.95%
Revenue beat(8)0
Avg Revenue beat(8)-3.42%
Revenue beat(12)3
Avg Revenue beat(12)-0.22%
Revenue beat(16)7
Avg Revenue beat(16)5.57%
PT rev (1m)4.17%
PT rev (3m)7.58%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.57%
EPS NY rev (1m)6.69%
EPS NY rev (3m)13.78%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.32%
Revenue NY rev (1m)2.15%
Revenue NY rev (3m)2.93%
Valuation
Industry RankSector Rank
PE 39.75
Fwd PE 41.37
P/S 15
P/FCF 446.3
P/OCF 25.28
P/B 2.49
P/tB 2.49
EV/EBITDA 27.37
EPS(TTM)3.55
EY2.52%
EPS(NY)3.41
Fwd EY2.42%
FCF(TTM)0.32
FCFY0.22%
OCF(TTM)5.58
OCFY3.96%
SpS9.41
BVpS56.67
TBVpS56.67
PEG (NY)N/A
PEG (5Y)3.33
Graham Number67.28
Profitability
Industry RankSector Rank
ROA 3.26%
ROE 6.08%
ROCE 3.63%
ROIC 2.87%
ROICexc 2.91%
ROICexgc 3.06%
OM 39.78%
PM (TTM) 36.64%
GM 75.1%
FCFM 3.36%
ROA(3y)3.52%
ROA(5y)3.88%
ROE(3y)6.3%
ROE(5y)6.8%
ROIC(3y)2.76%
ROIC(5y)2.54%
ROICexc(3y)2.79%
ROICexc(5y)2.57%
ROICexgc(3y)2.93%
ROICexgc(5y)2.68%
ROCE(3y)3.5%
ROCE(5y)3.22%
ROICexgc growth 3Y12.58%
ROICexgc growth 5Y7.7%
ROICexc growth 3Y11.48%
ROICexc growth 5Y7.02%
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%
F-Score6
Asset Turnover0.09
Health
Industry RankSector Rank
Debt/Equity 0.67
Debt/FCF 120.19
Debt/EBITDA 5.77
Cap/Depr 187.16%
Cap/Sales 55.98%
Interest Coverage 4.09
Cash Conversion 85.15%
Profit Quality 9.17%
Current Ratio 0.45
Quick Ratio 0.45
Altman-Z 1.91
F-Score6
WACC7.37%
ROIC/WACC0.39
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-11.25%
EPS 3Y-6.55%
EPS 5Y11.94%
EPS Q2Q%8.76%
EPS Next Y-3.91%
EPS Next 2Y-0.19%
EPS Next 3Y2.84%
EPS Next 5Y4.28%
Revenue 1Y (TTM)7.18%
Revenue growth 3Y13.74%
Revenue growth 5Y14.64%
Sales Q2Q%7.98%
Revenue Next Year10%
Revenue Next 2Y7.96%
Revenue Next 3Y8.78%
Revenue Next 5Y6.92%
EBIT growth 1Y22.93%
EBIT growth 3Y14.4%
EBIT growth 5Y19.4%
EBIT Next Year89.42%
EBIT Next 3Y29.42%
EBIT Next 5Y17.46%
FCF growth 1Y121.29%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y11.49%
OCF growth 3YN/A
OCF growth 5YN/A

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 39.75 and the Price/Book (PB) ratio is 2.49.


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%.