Prologis PLD Ratios & Valuation
| FY'24 | FY'23 | FY'22 | FY'21 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Operating margin | 53.8%+7.6pp | 46.2%-11.8pp | 58%-9.3pp | 67.4%+19.6pp | |
| Net margin | 46.3%+7.6pp | 38.7%-18.2pp | 56.9%-6.0pp | 62.9%+28.9pp | |
| EBITDA margin | 85.3%+8.1pp | 77.2%-11.2pp | 88.4%-12.1pp | 100.5%+17.6pp | |
| Returns | |||||
| Return on equity | 7.1%+1.3pp | 5.8%-2.0pp | 7.8%-1.3pp | 9.1%+3.6pp | |
| Return on assets | 4%+0.6pp | 3.4%-1.2pp | 4.6%-0.6pp | 5.2%+2.1pp | |
| Return on invested capital | 5.1%+0.7pp | 4.4%-1.7pp | 6%-1.4pp | 7.4%+2.6pp | |
| Efficiency | |||||
| Asset turnover | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | 0.1×0.0× | |
| Leverage | |||||
| Debt-to-equity | 0.6×0.0× | 0.6×+0.1× | 0.5×+0.4× | 0×-0.5× | |
| Debt-to-assets | 0.3×0.0× | 0.3×0.0× | 0.3×+0.3× | 0×-0.3× | |
| Net debt / EBITDA | 4.3×-0.4× | 4.7×+0.1× | 4.6×+4.6× | 0×-4.5× | |
| Interest coverage | 5.1×-0.7× | 5.8×-5.4× | 11.2×-0.8× | 12×+5.3× | |
| Per Share | |||||
| Book value per share | $56.58+1.3% | $55.88-14.8% | $65.59+50.1% | $43.71+3.1% | |
| Valuation | |||||
| Market capitalization | $97.9B-20.6% | $123.25B+18.4% | $104.06B-16.4% | $124.47B+68.9% | |
| Enterprise value | $128.07B-15.9% | $152.32B+18.7% | $128.3B+3.0% | $124.58B+37.8% | |
| Price / earnings | 25.8×-13.9× | 39.7×+9.1× | 30.6×-11.0× | 41.6×-7.3× | |
| Price / sales | 11.9×-3.4× | 15.4×-2.1× | 17.4×-8.7× | 26.2×+9.6× | |
| Price / book | 1.8×-0.5× | 2.3×+0.4× | 2×-1.8× | 3.7×+1.4× | |
| EV / EBITDA | 18.3×-6.3× | 24.6×+0.3× | 24.3×-1.7× | 26×+1.5× | |
| EV / sales | 15.6×-3.4× | 19×-2.5× | 21.5×-4.7× | 26.2×+5.8× | |
| Earnings yield | 3.9%+1.4pp | 2.5%-0.7pp | 3.3%+0.9pp | 2.4%+0.4pp | |
| Dividend yield | 3.6%+1.0pp | 2.6%+0.2pp | 2.4%+0.9pp | 1.5%-0.8pp | |
| PEG ratio | 1.2×— | —— | 2.3×+1.8× | 0.4×— |
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.
