Stocktoria

Prologis, Inc. PLD

NYSE · reit · Real Estate Investment Trusts · website · IPO 1997-11-21 · LEI

Prologis, Inc. statistics & valuation

Market cap$132.2B
P / E39.7×
P / S15.0×
P / B2.3×
Dividend yield2.85%
Net margin37.9%
Return on equity5.8%
Net debt$33.9B
Net debt / EBITDA4.9×
Enterprise value USD$166.1B
EV / EBITDA23.8×
Earnings yield EBIT/EV2.6%
Graham number -50.8%$69.53

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($69.53); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
47.80% 63.10% 58.80% 47.20% 33.40% 61.80% 56.30% 38.10% 45.50% 37.90% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
26.40% 74.60% 60.20% 55.50% 47.70% 67.40% 58.00% 46.20% 53.80% 49.60% 2016201720182019202020212022202320242025
Return on equity (%)
6.60% 8.80% 6.40% 6.00% 4.10% 7.80% 5.80% 5.30% 6.40% 5.80% 2016201720182019202020212022202320242025
Shares outstanding
546.7M 552.3M 629.6M 654.9M 754.4M 764.8M 923.1M 951.8M 953.6M 956.8M 2016201720182019202020212022202320242025
Net debt ($)
$9.80B $8.97B $10.75B $10.82B $16.25B -$340.7M $23.60B $28.47B $29.56B $33.89B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
4.00% 5.60% 4.30% 3.90% 2.60% 5.00% 3.80% 3.30% 3.90% 3.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.57× 0.50× 0.43× 0.46× 0.46× 0.01× 0.41× 0.50× 0.53× 0.61× 2016201720182019202020212022202320242025
EPS ($)
$2.27 $3.06 $2.87 $2.46 $2.01 $3.94 $4.25 $3.29 $4.01 $3.56 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Prologis, Inc. trades at about 39.7× earnings — near its 10-year norm (10-year range 21.3×–51.3×, median 36.7×).

21.3× 51.3×

Shaded band = 10-year range (21.3×–51.3×); dot = today's 39.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin49.6%53.8%46.2%58.0%67.4%47.7%55.5%60.2%74.6%26.4%
Net margin37.9%45.5%38.1%56.3%61.8%33.4%47.2%58.8%63.1%47.8%
Return on assets3.4%3.9%3.3%3.8%5.0%2.6%3.9%4.3%5.6%4.0%
Return on equity5.8%6.4%5.3%5.8%7.8%4.1%6.0%6.4%8.8%6.6%
Debt / equity0.61×0.53×0.50×0.41×0.01×0.46×0.46×0.43×0.50×0.57×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.