Prologis PLD Ratios & Valuation
| Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | 47.5%-1.0pp | 52.1%+7.6pp | 54.6%+7.7pp | 53.8%+7.6pp | 48.5%+1.8pp | |
| Net margin | 37.4%-2.2pp | 41%+4.1pp | 45.3%+6.1pp | 46.3%+7.6pp | 39.7%+1.0pp | |
| Returns | ||||||
| Return on equity | 6.2%+0.3pp | 6.6%+1.2pp | 7.1%+1.0pp | 7.1%+1.3pp | 5.9%-1.0pp | |
| Return on invested capital | 4.5%+0.1pp | 5%+1.1pp | 5.2%+0.7pp | 5.1%+0.7pp | 4.4%-0.8pp | |
| Efficiency | ||||||
| Asset turnover | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 0.7×+0.1× | 0.7×+0.1× | 0.6×0.0× | 0.6×0.0× | 0.6×+0.1× | |
| Net debt / EBITDA | 5.1×+0.1× | 4.8×-0.1× | 4.5×-0.2× | 4.3×-0.4× | 5×+0.6× | |
| Per Share | ||||||
| Book value per share | $55.02-1.1% | $55.16-1.4% | $55.92+0.3% | $56.58+1.3% | $55.64-1.2% | |
| Valuation | ||||||
| Market capitalization | $106.28B-9.1% | $100.34B-3.5% | $103.63B-14.0% | $97.9B-20.6% | $116.97B+10.0% | |
| Price / earnings | 32.5×-4.9× | 28.6×-7.6× | 27.3×-10.1× | 25.8×-13.9× | 37.4×+2.5× | |
| Price / sales | 12.2×-2.7× | 11.7×-1.7× | 12.4×-2.3× | 11.9×-3.4× | 14.8×+1.3× | |
| Price / book | 2×-0.2× | 1.9×0.0× | 1.9×-0.3× | 1.8×-0.5× | 2.2×+0.2× | |
| EV / EBITDA | 20.8×-2.5× | 19×-3.2× | 18.9×-4.6× | 18.3×-6.3× | 23.3×+1.6× | |
| Dividend yield | 3.5%+0.5pp | 3.7%+0.4pp | 3.5%+0.7pp | 3.6%+1.0pp | 3%0.0pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- Where do Prologis's ratios come from?
- Every ratio is computed from Prologis's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
