Prologis, Inc. (PLD) Stock Valuation — PE Analysis
REIT - Industrial · NYSE
Current Price
$141.80
PE Ratio (TTM)
31.5x
Intrinsic Value
$140.31
-1.1% margin of safety
COMPETITIVE MOAT
↑Global Scale and Network
Prologis' vast global portfolio of logistics facilities creates significant barriers to entry. Its extensive network offers unparalleled reach and efficiency for customers.
↑Customer Relationships and Switching Costs
Long-term leases and integrated services foster strong customer loyalty. The cost and disruption of relocating operations create high switching costs for tenants.
↑Real Estate Expertise and Development Pipeline
Prologis possesses deep expertise in acquiring, developing, and managing industrial real estate. Its strategic land bank and development capabilities ensure future growth.
INVESTMENT RISKS
↓Economic Downturn Impact on Demand
A significant economic slowdown could reduce demand for industrial space, leading to higher vacancy rates and lower rental income.
↓Geopolitical and Regulatory Uncertainty
International trade disputes or changes in local zoning and environmental regulations could impact Prologis' global operations and development plans.
↓Competition from Other REITs and Developers
The industrial real estate market attracts significant capital, leading to increased competition for acquisitions and development opportunities.
Base case
PLD base case PE valuation
A base case PE valuation for PLD estimates a fair value of about $140.31 per share, against a current price of $141.8. The model assumes 6.4% annual earnings growth, a 31.44x target PE multiple, and a 10% discount rate.
Intrinsic Value
$140.31
Margin of safety
-1.1%
Expected annual return
-0.2%
Base case assumptions: 6.4% annual earnings growth, 31.44x target PE, 10% discount rate, 5 year projection. Data as of 2026-08-21.
This base case uses default assumptions and is not financial advice. The fair value changes significantly when the target PE or earnings growth rate changes. Open the calculator to set your own assumptions and see the full sensitivity range.
Customize the PLD PE valuation
Adjust the target PE, earnings growth, and discount rate to see how the fair value and margin of safety for Prologis, Inc. respond.
Open PE Calculator for PLDCompany Overview
Prologis, Inc. is the undisputed global leader in logistics real estate, strategically focusing its operations on high-barrier, high-growth markets. As of December 31, 2020, the company's extensive portfolio spanned approximately 984 million square feet (91 million square meters) of both existing properties and planned development projects, located across 19 countries. This significant footprint is managed through a blend of wholly-owned assets and co-investment ventures. Prologis leases its contemporary logistics facilities to a diverse client base of roughly 5,500 customers, primarily serving business-to-business (B2B) and retail/online fulfillment needs.
Financial Metrics — PLD PE Stock Valuation Data
PE Ratio (TTM)
31.5x
PEG Ratio
1.50
Earnings Yield
3.18%
ROE (TTM)
7.9%
Revenue/Share (TTM)
$9.85
Dividend Yield
2.93%
Debt/Equity
0.68x
Frequently Asked Questions
What is the PE ratio of PLD?
The trailing twelve-month PE ratio of PLD reflects how much investors pay per dollar of Prologis, Inc.'s earnings. This metric is most useful when compared to REIT - Industrial peers and the company's own historical range.
Is PLD overvalued based on PE ratio?
PLD's PE of 31.5x combined with a PEG ratio of 1.50 provides a growth-adjusted perspective. A PEG near 1.0 means the P/E is roughly in line with the earnings growth rate. Keep in mind that PE-based valuation works best for profitable, mature companies — for high-growth or cyclical REIT - Industrial, a DCF analysis may be more appropriate.
How do I value PLD stock using PE ratio?
To value Prologis, Inc. using PE: (1) Compare the current PE (31.5x) against the REIT - Industrial median to assess relative pricing, (2) check the PEG ratio (1.50) to adjust for growth expectations, (3) review the 5-year PE range to identify where the stock sits historically, and (4) estimate fair value by multiplying a target PE by forward EPS estimates. This relative approach complements DCF's absolute valuation.
What is the PEG ratio of PLD?
PLD's PEG ratio is 1.50, calculated by dividing the PE ratio (31.5x) by the expected earnings growth rate. A PEG near 1.0 means the P/E is roughly in line with the expected earnings growth rate. Note that PEG accuracy depends on the reliability of growth estimates.
Should I use PE ratio or DCF for PLD stock valuation?
PE ratio gives a quick relative read — how PLD is priced versus REIT - Industrial peers. DCF provides an absolute value based on projected free cash flows. For the most reliable valuation, use PE as a quick comparability screen and DCF for a deeper fundamental analysis. Each method has blind spots: PE ignores capital structure and cash flow quality, while DCF is sensitive to growth and discount rate assumptions.
Learn More
- See PLD DCF Valuation → — Intrinsic value via Discounted Cash Flow analysis
- PE Methodology — Step-by-step guide to PE ratio stock valuation
- DCF Methodology — Guide to discounted cash flow analysis
- PE Ratio — Understanding the price-to-earnings ratio
- Intrinsic Value — How to evaluate stock fair value
Related PE Valuations
All Real Estate valuationsP/E and DCF value PLD with different methods and assumptions, so the two conclusions can differ. Compare the DCF intrinsic value.
Price as of 2026-08-21. Financial data from Financial Modeling Prep (trailing twelve months) · Valuation methodology by Charlie Wang.
This is an estimate, not investment advice.