Question 1

What is Prologis's P/E ratio?

Accepted Answer

Prologis (PLD) P/E ratio is 32.9× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Prologis?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Prologis specifically, the relevant sector benchmark is the current sector median of 28.1×.

Question 5

Is Prologis's P/E ratio high or low?

Accepted Answer

Prologis's P/E ratio of 32.9× is below its own 5-year average of 33.8× and above the sector median of 28.1×. That places the current reading at the 35th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Prologis's historical P/E ratio range?

Accepted Answer

In the available daily series, Prologis (PLD) P/E ratio has ranged from a low of 14.9× in 2003 to a high of 911.4× in 2010. The 5-year average is 33.8× and the 5-year median is 34.2×.

Question 7

What was Prologis's P/E ratio in 2025?

Accepted Answer

Prologis (PLD) P/E ratio at the end of 2025 was 36.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Prologis's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$120B	$3.33B	36.0×	+9.8×	Dec 31, 2025
2024	$97.9B	$3.73B	26.2×	-14.1×	Dec 31, 2024
2023	$123B	$3.06B	40.3×	+9.5×	Dec 31, 2023
2022	$104B	$3.36B	30.8×	-11.5×	Dec 31, 2022
2021	$124B	$2.94B	42.3×	-6.6×	Dec 31, 2021
2020	$72.6B	$1.48B	49.0×	+13.2×	Dec 31, 2020
2019	$56.2B	$1.57B	35.7×	+15.5×	Dec 31, 2019
2018	$33.3B	$1.65B	20.2×	-0.5×	Dec 31, 2018
2017	$34.2B	$1.65B	20.7×	-2.2×	Dec 31, 2017
2016	$27.8B	$1.21B	23.0×	-2.8×	Dec 31, 2016
2015	$22.4B	$869M	25.7×	-8.1×	Dec 31, 2015
2014	$21.5B	$636M	33.8×	-18.6×	Dec 31, 2014
2013	$18B	$343M	52.4×	—	Dec 31, 2013
2012	$16.7B	-$39.7M	—	—	Dec 31, 2012
2011	$10.6B	-$102M	—	—	Dec 31, 2011
2010	$5.14B	$27.1M	189.4×	—	Dec 31, 2010
2009	$3.32B	-$43M	—	—	Dec 31, 2009
2008	$2.28B	-$49.3M	—	—	Dec 31, 2008
2007	$5.59B	$314M	17.8×	-5.1×	Dec 31, 2007
2006	$5.14B	$224M	22.9×	+6.9×	Dec 31, 2006
2005	$4.13B	$258M	16.0×	-9.9×	Dec 31, 2005
2004	$3.32B	$128M	25.9×	+6.0×	Dec 31, 2004
2003	$2.67B	$134M	19.9×	+1.6×	Dec 31, 2003
2002	$2.28B	$124M	18.3×	—	Dec 31, 2002


Realty Income (O)	49.4×
Digital Realty Trust (DLR)	45.1×
Weyerhaeuser (WY)	44.4×
Agree Realty (ADC)	41.1×
Mid-America Apartment Communities (MAA)	36.5×
Tanger (SKT)	31.0×
CBRE Group (CBRE)	30.4×
Extra Space Storage (EXR)	29.3×
STAG Industrial (STAG)	28.2×
American Tower (AMT)	28.0×
Camden Property Trust (CPT)	26.4×
BXP (BXP)	26.0×
Invitation Homes (INVH)	25.8×
Public Storage (PSA)	25.0×
Kimco Realty (KIM)	24.5×
UDR (UDR)	22.5×
Regency Centers (REG)	22.1×
NNN REIT (NNN)	20.5×
AvalonBay Communities (AVB)	20.0×
SBA Communications (SBAC)	17.9×
Host Hotels & Resorts (HST)	13.1×
Simon Property Group (SPG)	12.9×
Arbor Realty Trust (ABR)	12.6×
VICI Properties (VICI)	9.4×
Apartment Investment and Management (AIV)	1.0×

P/E Ratio for Prologis (PLD) 2002-2026

P/E Ratio daily chart for Prologis (PLD)

Historical P/E Ratio for Prologis (PLD) from 2002 to 2025

About P/E Ratio at Prologis (PLD)

Prologis P/E Ratio by Year

Prologis P/E Ratio 2025: 36.0×

Prologis P/E Ratio 2024: 26.2×

Prologis P/E Ratio 2023: 40.3×

Prologis P/E Ratio 2022: 30.8×

Prologis P/E Ratio 2021: 42.3×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Prologis (PLD) Key Financials