Prologis, Inc.

BMV:PLD * Stock Report

Market Cap: Mex$1.9t

Prologis Valuation

Is PLD * undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PLD * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
Mex$2.25k
Fair Value
11.9% undervalued intrinsic discount
20
Number of Analysts

Below Fair Value: PLD * (MX$1985) is trading below our estimate of fair value (MX$2254.14)

Significantly Below Fair Value: PLD * is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PLD *?

Key metric: As PLD * is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PLD *. This is calculated by dividing PLD *'s market cap by their current earnings.
What is PLD *'s PE Ratio?
PE Ratio26.1x
EarningsUS$3.73b
Market CapUS$99.32b

Price to Earnings Ratio vs Peers

How does PLD *'s PE Ratio compare to its peers?

The above table shows the PE ratio for PLD * vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7.8x
FIBRAPL 14 FIBRA Prologis
5.8x-28.26%Mex$113.9b
FMTY 14 Fibra MtyP.I. de
3.8x-41.17%Mex$31.7b
FVIA 16 Infraestructura Viable de
7.8xn/aMex$26.5b
TERRA 13 FIBRA Terrafina
13.9xn/aMex$28.4b
PLD * Prologis
26.1x2.04%Mex$99.3b

Price-To-Earnings vs Peers: PLD * is expensive based on its Price-To-Earnings Ratio (26.1x) compared to the peer average (7.8x).

Price to Earnings Ratio vs Industry

How does PLD *'s PE Ratio compare vs other companies in the Global Industrial REITs Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PLD * 26.1xIndustry Avg. 17.3xNo. of Companies11PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PLD * is expensive based on its Price-To-Earnings Ratio (26.1x) compared to the Global Industrial REITs industry average (17.3x).

Price to Earnings Ratio vs Fair Ratio

What is PLD *'s PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PLD * PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.1x
Fair PE Ratio7.6x

Price-To-Earnings vs Fair Ratio: PLD * is expensive based on its Price-To-Earnings Ratio (26.1x) compared to the estimated Fair Price-To-Earnings Ratio (7.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PLD * forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentMex$1,985.00
Mex$2,208.35
+11.25%
9.93%Mex$2,827.59Mex$1,790.81n/a20
Jun ’26Mex$2,095.00
Mex$2,256.56
+7.71%
9.93%Mex$2,889.32Mex$1,829.90n/a20
May ’26Mex$1,983.72
Mex$2,322.35
+17.07%
11.44%Mex$2,934.74Mex$1,858.67n/a20
Apr ’26Mex$2,260.94
Mex$2,603.05
+15.13%
7.70%Mex$3,010.47Mex$2,107.33n/a20
Mar ’26Mex$2,524.00
Mex$2,651.89
+5.07%
7.84%Mex$3,070.50Mex$2,128.88n/a20
Feb ’26Mex$2,452.78
Mex$2,676.78
+9.13%
7.61%Mex$3,107.94Mex$2,154.84n/a21
Jan ’26n/a
Mex$2,706.41
0%
9.06%Mex$3,207.23Mex$2,165.92n/a21
Dec ’25Mex$2,390.00
Mex$2,690.86
+12.59%
7.62%Mex$3,135.78Mex$2,423.10n/a20
Nov ’25Mex$2,297.00
Mex$2,673.45
+16.39%
6.78%Mex$3,075.92Mex$2,396.82n/a20
Oct ’25Mex$2,385.95
Mex$2,598.74
+8.92%
6.95%Mex$2,964.48Mex$2,309.99n/a21
Sep ’25Mex$2,485.45
Mex$2,647.59
+6.52%
7.09%Mex$3,024.48Mex$2,356.74n/a21
Aug ’25Mex$2,340.61
Mex$2,541.73
+8.59%
8.63%Mex$2,925.19Mex$2,193.89n/a20
Jul ’25Mex$2,024.70
Mex$2,392.11
+18.15%
8.56%Mex$2,817.21Mex$2,048.88Mex$1,985.0021
Jun ’25Mex$1,811.50
Mex$2,221.70
+22.64%
8.42%Mex$2,612.72Mex$1,900.16Mex$2,095.0021
May ’25Mex$1,797.60
Mex$2,290.91
+27.44%
8.70%Mex$2,637.53Mex$1,918.20Mex$1,983.7221
Apr ’25Mex$2,132.00
Mex$2,400.48
+12.59%
5.28%Mex$2,715.42Mex$2,132.35Mex$2,260.9421
Mar ’25Mex$2,273.00
Mex$2,461.67
+8.30%
5.87%Mex$2,778.58Mex$2,130.81Mex$2,524.0022
Feb ’25Mex$2,216.00
Mex$2,455.48
+10.81%
6.62%Mex$2,804.25Mex$2,150.50Mex$2,452.7822
Jan ’25Mex$2,288.80
Mex$2,327.01
+1.67%
8.34%Mex$2,664.95Mex$2,019.93n/a22
Dec ’24Mex$1,951.01
Mex$2,291.60
+17.46%
7.33%Mex$2,646.20Mex$2,044.79Mex$2,390.0022
Nov ’24Mex$1,753.30
Mex$2,437.04
+39.00%
7.67%Mex$2,797.93Mex$2,162.04Mex$2,297.0022
Oct ’24Mex$1,956.00
Mex$2,477.06
+26.64%
9.55%Mex$3,305.34Mex$2,123.64Mex$2,385.9522
Sep ’24Mex$2,135.40
Mex$2,421.96
+13.42%
6.35%Mex$2,763.96Mex$2,115.63Mex$2,485.4522
Aug ’24Mex$2,065.00
Mex$2,364.21
+14.49%
6.40%Mex$2,702.39Mex$2,068.49Mex$2,340.6122
Jul ’24Mex$2,065.98
Mex$2,423.19
+17.29%
7.05%Mex$2,910.32Mex$2,122.82Mex$2,024.7022
AnalystConsensusTarget
Consensus Narrative from 20 Analysts
Mex$2.21k
Fair Value
10.3% undervalued intrinsic discount
20
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/01 15:39
End of Day Share Price 2025/06/27 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Prologis, Inc. is covered by 50 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nicholas ThillmanBaird
Ross SmotrichBarclays
Brendan LynchBarclays