PROLOGIS INC (PLD) Fundamental Analysis & Valuation

NYSE:PLD • US74340W1036

136.35 USD
+1.2 (+0.89%)
Last: Mar 10, 2026, 03:39 PM
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This PLD fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

PLD gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 123 industry peers in the Diversified REITs industry. While PLD has a great profitability rating, there are quite some concerns on its financial health. PLD is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

8

1. PLD Profitability Analysis

1.1 Basic Checks

  • In the past year PLD was profitable.
  • PLD had a positive operating cash flow in the past year.
  • PLD had positive earnings in each of the past 5 years.
  • In the past 5 years PLD always reported a positive cash flow from operatings.
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

  • PLD has a better Return On Assets (3.37%) than 73.17% of its industry peers.
  • Looking at the Return On Equity, with a value of 6.25%, PLD is in the better half of the industry, outperforming 69.92% of the companies in the same industry.
  • PLD's Return On Invested Capital of 2.91% is in line compared to the rest of the industry. PLD outperforms 53.66% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for PLD is in line with the industry average of 3.14%.
  • The last Return On Invested Capital (2.91%) for PLD is above the 3 year average (2.76%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 3.37%
ROE 6.25%
ROIC 2.91%
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

  • With an excellent Profit Margin value of 37.80%, PLD belongs to the best of the industry, outperforming 91.06% of the companies in the same industry.
  • PLD's Profit Margin has improved in the last couple of years.
  • PLD has a Operating Margin of 38.84%. This is amongst the best in the industry. PLD outperforms 84.55% 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 74.58%, PLD is in the better half of the industry, outperforming 69.11% of the companies in the same industry.
  • PLD's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 38.84%
PM (TTM) 37.8%
GM 74.58%
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

2

2. PLD Health Analysis

2.1 Basic Checks

  • PLD has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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

  • PLD has a debt to FCF ratio of 352.87. This is a negative value and a sign of low solvency as PLD would need 352.87 years to pay back of all of its debts.
  • PLD has a Debt to FCF ratio of 352.87. This is in the better half of the industry: PLD outperforms 60.98% of its industry peers.
  • A Debt/Equity ratio of 0.66 indicates that PLD is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.66, PLD belongs to the top of the industry, outperforming 82.11% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF 352.87
Altman-Z N/A
ROIC/WACC0.39
WACC7.38%
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

  • A Current Ratio of 0.19 indicates that PLD may have some problems paying its short term obligations.
  • PLD has a Current ratio of 0.19. This is amonst the worse of the industry: PLD underperforms 91.87% of its industry peers.
  • A Quick Ratio of 0.19 indicates that PLD may have some problems paying its short term obligations.
  • PLD's Quick ratio of 0.19 is on the low side compared to the rest of the industry. PLD is outperformed by 91.06% of its industry peers.
Industry RankSector Rank
Current Ratio 0.19
Quick Ratio 0.19
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. PLD Growth Analysis

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.
  • 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-2.8%
EPS Next 2Y-0.43%
EPS Next 3Y2.36%
EPS Next 5Y4.28%
Revenue Next Year9.23%
Revenue Next 2Y7.54%
Revenue Next 3Y7.95%
Revenue Next 5Y6.92%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • 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.
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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2

4. PLD Valuation Analysis

4.1 Price/Earnings Ratio

  • PLD is valuated quite expensively with a Price/Earnings ratio of 38.41.
  • Compared to the rest of the industry, the Price/Earnings ratio of PLD is on the same level as its industry peers.
  • PLD is valuated rather expensively when we compare the Price/Earnings ratio to 26.45, which is the current average of the S&P500 Index.
  • PLD is valuated quite expensively with a Price/Forward Earnings ratio of 39.51.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of PLD indicates a somewhat cheap valuation: PLD is cheaper than 66.67% of the companies listed in the same industry.
  • PLD's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 24.65.
Industry RankSector Rank
PE 38.41
Fwd PE 39.51
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 more expensive than 89.43% of the companies in the same industry.
  • PLD's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 1276.49
EV/EBITDA 26.41
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

  • The excellent profitability rating of PLD may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)3.22
EPS Next 2Y-0.43%
EPS Next 3Y2.36%

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

5

5. PLD Dividend Analysis

5.1 Amount

  • PLD has a Yearly Dividend Yield of 3.10%.
  • PLD's Dividend Yield is slightly below the industry average, which is at 7.59.
  • Compared to an average S&P500 Dividend Yield of 1.82, PLD pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.1%

5.2 History

  • The dividend of PLD is nicely growing with an annual growth rate of 10.68%!
  • 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)10.68%
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 116.53% of its income as dividend. 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.
DP116.53%
EPS Next 2Y-0.43%
EPS Next 3Y2.36%
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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PLD Fundamentals: All Metrics, Ratios and Statistics

PROLOGIS INC

NYSE:PLD (3/10/2026, 3:39:08 PM)

136.35

+1.2 (+0.89%)

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 Owners96.5%
Inst Owner Change0.04%
Ins Owners0.24%
Ins Owner Change16.93%
Market Cap126.75B
Revenue(TTM)8.79B
Net Income(TTM)3.32B
Analysts77.24
Price Target143.12 (4.97%)
Short Float %1.22%
Short Ratio3.28
Dividend
Industry RankSector Rank
Dividend Yield 3.1%
Yearly Dividend4.17
Dividend Growth(5Y)10.68%
DP116.53%
Div Incr Years11
Div Non Decr Years15
Ex-Date03-17
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)70.11%
Min EPS beat(2)22.64%
Max EPS beat(2)117.59%
EPS beat(4)3
Avg EPS beat(4)34.69%
Min EPS beat(4)-4.74%
Max EPS beat(4)117.59%
EPS beat(8)7
Avg EPS beat(8)47.95%
EPS beat(12)10
Avg EPS beat(12)38.89%
EPS beat(16)14
Avg EPS beat(16)43.46%
Revenue beat(2)0
Avg Revenue beat(2)-4.74%
Min Revenue beat(2)-5.94%
Max Revenue beat(2)-3.55%
Revenue beat(4)0
Avg Revenue beat(4)-4.14%
Min Revenue beat(4)-5.94%
Max Revenue beat(4)-3.34%
Revenue beat(8)0
Avg Revenue beat(8)-3.4%
Revenue beat(12)2
Avg Revenue beat(12)-2.15%
Revenue beat(16)6
Avg Revenue beat(16)4.1%
PT rev (1m)0.83%
PT rev (3m)6.66%
EPS NQ rev (1m)2.33%
EPS NQ rev (3m)18.02%
EPS NY rev (1m)1.15%
EPS NY rev (3m)14.52%
Revenue NQ rev (1m)-0.75%
Revenue NQ rev (3m)1.04%
Revenue NY rev (1m)-0.69%
Revenue NY rev (3m)1.69%
Valuation
Industry RankSector Rank
PE 38.41
Fwd PE 39.51
P/S 14.42
P/FCF 1276.49
P/OCF 25.31
P/B 2.38
P/tB 2.38
EV/EBITDA 26.41
EPS(TTM)3.55
EY2.6%
EPS(NY)3.45
Fwd EY2.53%
FCF(TTM)0.11
FCFY0.08%
OCF(TTM)5.39
OCFY3.95%
SpS9.46
BVpS57.22
TBVpS57.22
PEG (NY)N/A
PEG (5Y)3.22
Graham Number67.61
Profitability
Industry RankSector Rank
ROA 3.37%
ROE 6.25%
ROCE 3.68%
ROIC 2.91%
ROICexc 2.94%
ROICexgc 3.15%
OM 38.84%
PM (TTM) 37.8%
GM 74.58%
FCFM 1.13%
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-Score4
Asset Turnover0.09
Health
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF 352.87
Debt/EBITDA 5.8
Cap/Depr 186.94%
Cap/Sales 55.85%
Interest Coverage 4.05
Cash Conversion 82.92%
Profit Quality 2.99%
Current Ratio 0.19
Quick Ratio 0.19
Altman-Z N/A
F-Score4
WACC7.38%
ROIC/WACC0.39
Cap/Depr(3y)244.73%
Cap/Depr(5y)276.1%
Cap/Sales(3y)75.49%
Cap/Sales(5y)86.34%
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-2.8%
EPS Next 2Y-0.43%
EPS Next 3Y2.36%
EPS Next 5Y4.28%
Revenue 1Y (TTM)7.18%
Revenue growth 3Y13.74%
Revenue growth 5Y14.64%
Sales Q2Q%7.98%
Revenue Next Year9.23%
Revenue Next 2Y7.54%
Revenue Next 3Y7.95%
Revenue Next 5Y6.92%
EBIT growth 1Y10.21%
EBIT growth 3Y14.4%
EBIT growth 5Y19.4%
EBIT Next Year89.42%
EBIT Next 3Y29.42%
EBIT Next 5Y17.46%
FCF growth 1Y109.85%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y1.96%
OCF growth 3Y6.67%
OCF growth 5Y11.27%

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 8 / 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 38.41 and the Price/Book (PB) ratio is 2.38.


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 116.53%.