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Jones Lang LaSalle Inc (JLL) stock analysis

JLLNYSEReal Estate Agents & Managers (For Others)Fiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 28, 2026Score 9/301% above fair value
$372.14−2.23 (-0.60%)

Close on Nov 11, 2026Market cap $17.00BP/E 16.1Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value2Growth1Performance2Health4Dividend0

Mixed9 of 30 checks passed

Jones Lang LaSalle passes 9 of the 30 checks behind our score; 13 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
2/6
Growth
1/6
Past performance
2/6
Financial health
4/6
Dividend
0/6

What stands out

  • Return on capital over 10%

    Return on invested capital was 15.1%, above the 10% that usually covers the cost of capital.

  • Low debt

    Debt is 9.5% of shareholders' equity, under the 40% we consider low.

  • Earnings grew over 5 years

    Net income grew 14.5% a year on average over the last five fiscal years.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 187% of total debt.

What to watch

  • Margin of safety under 20%

    The price is 0.8% above fair value, so there is no margin of safety.

  • Trading above fair value

    The share price of $372.14 is above our fair value estimate of $369.30.

  • Revenue growing under 10% a year

    Revenue grew 7.8% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing under 10% a year

    Diluted EPS grew 7.3% a year over the last three fiscal years.

Valuation2/6

  • P/E below its 5-year median

    Jones Lang LaSalle's P/E of 16.1 is below its own 5-year median of 19.5.

  • P/E below the industry

    Jones Lang LaSalle's P/E of 16.1 is below the Real Estate median of 23.6.

  • EV/EBITDA above its 5-year median

    Jones Lang LaSalle's EV/EBITDA of 10.7 is above its 5-year median of 10.1.

  • P/B above the industry

    Jones Lang LaSalle's price-to-book of 2.22 is above the Real Estate median of 1.70.

  • Trading above fair value

    The share price of $372.14 is above our fair value estimate of $369.30.

  • Margin of safety under 20%

    The price is 0.8% above fair value, so there is no margin of safety.

Growth1/6

  • Revenue growing under 10% a year

    Revenue grew 7.8% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing under 10% a year

    Diluted EPS grew 7.3% a year over the last three fiscal years.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing faster than the industry

    Revenue grew 11.4% over the last twelve months; the Real Estate median is 8.9%.

  • Guidance issued

    The latest outlook (full-year Adjusted EPS, Oct 28, 2026) was issued for the first time, so it neither adds nor takes away points.

  • Gross margin trend

    This company does not report gross profit.

Past performance2/6

  • Return on equity

    Needs positive equity and five years of results.

  • Return on capital over 10%

    Return on invested capital was 15.1%, above the 10% that usually covers the cost of capital.

  • Return on equity against the industry

    Needs positive equity.

  • Earnings grew over 5 years

    Net income grew 14.5% a year on average over the last five fiscal years.

  • Net margin against its history

    Needs five years of revenue and net income.

  • Net margin against the industry

    Needs revenue and net income.

Financial health4/6

  • Low debt

    Debt is 9.5% of shareholders' equity, under the 40% we consider low.

  • Debt rising against equity

    Debt to equity rose from 1.1% five years ago to 9.5%.

  • Debt covered by cash flow

    Operating cash flow over the last twelve months equals 187% of total debt.

  • Interest coverage

    Interest expense is not reported separately.

  • Short-term assets cover short-term debts

    Current assets are 1.12 times current liabilities.

  • Low bankruptcy risk

    The Altman Z-score is 3.43; above 3 is the safe zone and below 1.8 the distress zone.

Dividend0/6

  • No dividend

    Jones Lang LaSalle has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$369.30

The share price is 1% above this estimate.

20%+ below
Near fair value
20%+ above
$372.14Price
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
P/E21.5×19.5×23.6×$497.2640%
EV/EBITDA9.5×10.1×8.8×$332.3535%
P/B1.7×1.8×1.7×$289.6710%
Earnings power11.1% cost of equity––$167.3615%
Fair value$369.30100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 19.5
  • Real Estate median 23.6

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$180.04M
Value traded per 1% price move
$82.81M

Downside

Medium risk

Typical loss in a bad month
17.4%
Volatility (annualized)
38%
Sharpe ratio, 1 year
0.52
Beta to the S&P 500 (5Y)
1.25

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2011 to 2025

Operating margin

4.2%+0.8 pts over 5 years

Net margin

3.0%+0.6 pts over 5 years

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