Question 1

What is Prologis's P/S ratio?

Accepted Answer

Prologis (PLD) P/S ratio is 15.5× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Prologis?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Prologis specifically, the relevant sector benchmark is the current sector median of 7.0×.

Question 5

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

Accepted Answer

Prologis's P/S ratio of 15.5× is below its own 5-year average of 16.0× and above the sector median of 7.0×. That places the current reading at the 48th 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/S ratio range?

Accepted Answer

In the available daily series, Prologis (PLD) P/S ratio has ranged from a low of 2.0× in 2009 to a high of 28.0× in 2021. The 5-year average is 16.0× and the 5-year median is 14.6×.

Question 7

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

Accepted Answer

Prologis (PLD) P/S ratio at the end of 2025 was 13.6×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$119.80B	$8.79B	13.6×	+1.7×	Dec 31, 2025
2024	$97.90B	$8.20B	11.9×	-3.4×	Dec 31, 2024
2023	$123.25B	$8.02B	15.4×	-2.0×	Dec 31, 2023
2022	$103.65B	$5.97B	17.4×	-8.8×	Dec 31, 2022
2021	$124.48B	$4.76B	26.2×	+9.8×	Dec 31, 2021
2020	$72.58B	$4.44B	16.4×	-0.5×	Dec 31, 2020
2019	$56.21B	$3.33B	16.9×	+5.0×	Dec 31, 2019
2018	$33.32B	$2.80B	11.9×	-1.2×	Dec 31, 2018
2017	$34.22B	$2.62B	13.1×	+2.1×	Dec 31, 2017
2016	$27.77B	$2.53B	11.0×	+0.8×	Dec 31, 2016
2015	$22.37B	$2.20B	10.2×	-2.0×	Dec 31, 2015
2014	$21.50B	$1.76B	12.2×	+2.0×	Dec 31, 2014
2013	$17.96B	$1.76B	10.2×	+2.0×	Dec 31, 2013
2012	$16.72B	$2.03B	8.2×	+1.0×	Dec 31, 2012
2011	$10.59B	$1.46B	7.3×	-0.8×	Dec 31, 2011
2010	$5.14B	$639.78M	8.0×	+2.8×	Dec 31, 2010
2009	$3.32B	$633.05M	5.2×	+2.1×	Dec 31, 2009
2008	$2.28B	$715.42M	3.2×	-5.1×	Dec 31, 2008
2007	$5.59B	$675.58M	8.3×	+1.2×	Dec 31, 2007
2006	$5.14B	$730.40M	7.0×	+0.9×	Dec 31, 2006
2005	$4.13B	$678.67M	6.1×	+1.1×	Dec 31, 2005
2004	$3.32B	$669.01M	5.0×	+0.7×	Dec 31, 2004
2003	$2.67B	$624.16M	4.3×	+0.6×	Dec 31, 2003
2002	$2.28B	$615.47M	3.7×	+0.1×	Dec 31, 2002
2001	$2.19B	$600.85M	3.6×	—	Dec 31, 2001


AvalonBay Communities (AVB)	7.5×
American Tower (AMT)	7.4×
VICI Properties (VICI)	7.2×
Equity Residential (EQR)	7.1×
Kimco Realty (KIM)	7.0×
Federal Realty Investment Trust (FRT)	7.0×
Camden Property Trust (CPT)	6.5×
UDR (UDR)	6.4×
Tanger (SKT)	6.4×
Mid-America Apartment Communities (MAA)	6.4×
SBA Communications (SBAC)	6.4×
Ventas (VTR)	6.3×
Invitation Homes (INVH)	5.4×
CoStar Group (CSGP)	4.9×
Apartment Investment and Management (AIV)	4.5×
Iron Mountain (IRM)	4.2×
Healthpeak Properties (DOC)	4.0×
Universal Health Realty Income Trust (UHT)	3.8×
Alexandria Real Estate Equities (ARE)	3.0×
Medical Properties Trust (MPT)	2.8×
BXP (BXP)	2.4×
Host Hotels & Resorts (HST)	2.2×
Arbor Realty Trust (ABR)	1.2×
Opendoor Technologies (OPEN)	1.1×
CBRE Group (CBRE)	0.9×

P/S Ratio for Prologis (PLD)

P/S Ratio daily chart for Prologis (PLD)

Historical P/S Ratio for Prologis (PLD) from 2001 to 2025

About P/S Ratio at Prologis (PLD)

Prologis P/S Ratio by Year

Prologis P/S Ratio 2025: 13.6×

Prologis P/S Ratio 2024: 11.9×

Prologis P/S Ratio 2023: 15.4×

Prologis P/S Ratio 2022: 17.4×

Prologis P/S Ratio 2021: 26.2×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Prologis (PLD) Key Financials

P/S Ratio daily chart for Prologis (PLD)

Historical P/S Ratio for Prologis (PLD) from 2001 to 2025

About P/S Ratio at Prologis (PLD)

Prologis P/S Ratio by Year

Prologis P/S Ratio 2025: 13.6×

Prologis P/S Ratio 2024: 11.9×

Prologis P/S Ratio 2023: 15.4×

Prologis P/S Ratio 2022: 17.4×

Prologis P/S Ratio 2021: 26.2×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Prologis's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for Prologis?

+Is Prologis's P/S ratio high or low?

+What is Prologis's historical P/S ratio range?

+What was Prologis's P/S ratio in 2025?

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

Prologis (PLD) Key Financials