Jones Lang LaSalle Incorporated

NYSE:JLL Stock Report

Market Cap: US$12.3b

Jones Lang LaSalle Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 JLL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: JLL ($256.62) is trading below our estimate of fair value ($399.14)

Significantly Below Fair Value: JLL is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for JLL. This is calculated by dividing JLL's market cap by their current earnings.
What is JLL's PE Ratio?
PE Ratio25.5x
EarningsUS$478.00m
Market CapUS$12.26b

Price to Earnings Ratio vs Peers

How does JLL's PE Ratio compare to its peers?

The above table shows the PE ratio for JLL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average77.5x
BEKE KE Holdings
42.4x19.9%US$24.8b
CSGP CoStar Group
178.3x42.5%US$29.6b
CBRE CBRE Group
41.4x20.7%US$39.8b
NMRK Newmark Group
48.2x31.6%US$3.7b
JLL Jones Lang LaSalle
25.5x17.7%US$12.3b

Price-To-Earnings vs Peers: JLL is good value based on its Price-To-Earnings Ratio (25.5x) compared to the peer average (77.5x).

Price to Earnings Ratio vs Industry

How does JLL's PE Ratio compare vs other companies in the US Real Estate Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
STHO Star Holdings
1.8xn/aUS$150.51m
STSR Strategic Student & Senior Housing Trust
2.5xn/aUS$41.31m
XIN Xinyuan Real Estate
0.4xn/aUS$19.93m
ILAL International Land Alliance
2.4xn/aUS$7.65m
JLL 25.5xIndustry Avg. 31.7xNo. of Companies6PE020406080100+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: JLL is good value based on its Price-To-Earnings Ratio (25.5x) compared to the US Real Estate industry average (31.8x).

Price to Earnings Ratio vs Fair Ratio

What is JLL'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.

JLL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.5x
Fair PE Ratio32.4x

Price-To-Earnings vs Fair Ratio: JLL is good value based on its Price-To-Earnings Ratio (25.5x) compared to the estimated Fair Price-To-Earnings Ratio (32.4x).

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 JLL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$256.62
US$278.57
+8.6%
12.3%US$318.00US$216.00n/a7
Nov ’25US$265.00
US$270.29
+2.0%
12.0%US$310.00US$216.00n/a7
Oct ’25US$266.44
US$264.86
-0.6%
10.6%US$310.00US$216.00n/a7
Sep ’25US$255.23
US$254.86
-0.1%
8.7%US$288.00US$216.00n/a7
Aug ’25US$246.59
US$238.00
-3.5%
7.9%US$268.00US$210.00n/a7
Jul ’25US$198.70
US$226.43
+14.0%
7.8%US$254.00US$200.00n/a7
Jun ’25US$202.07
US$224.29
+11.0%
8.0%US$254.00US$200.00n/a7
May ’25US$180.41
US$218.86
+21.3%
9.1%US$246.00US$190.00n/a7
Apr ’25US$190.31
US$206.29
+8.4%
4.5%US$218.00US$190.00n/a7
Mar ’25US$192.86
US$199.43
+3.4%
6.6%US$218.00US$180.00n/a7
Feb ’25US$180.32
US$195.71
+8.5%
5.0%US$211.00US$180.00n/a7
Jan ’25US$188.87
US$186.86
-1.1%
10.7%US$215.00US$150.00n/a7
Dec ’24US$160.97
US$184.00
+14.3%
12.0%US$215.00US$150.00n/a7
Nov ’24US$130.39
US$189.43
+45.3%
10.0%US$215.00US$160.00US$265.007
Oct ’24US$141.18
US$198.14
+40.3%
9.4%US$222.00US$167.00US$266.447
Sep ’24US$175.73
US$198.14
+12.8%
9.4%US$222.00US$167.00US$255.237
Aug ’24US$165.60
US$195.14
+17.8%
12.0%US$222.00US$155.00US$246.597
Jul ’24US$155.80
US$188.43
+20.9%
17.1%US$239.00US$145.00US$198.707
Jun ’24US$141.97
US$183.13
+29.0%
21.2%US$239.00US$123.00US$202.078
May ’24US$138.82
US$185.63
+33.7%
19.6%US$239.00US$133.00US$180.418
Apr ’24US$145.49
US$199.38
+37.0%
13.8%US$239.00US$155.00US$190.318
Mar ’24US$175.40
US$203.00
+15.7%
11.2%US$239.00US$160.00US$192.867
Feb ’24US$179.48
US$200.71
+11.8%
12.1%US$239.00US$160.00US$180.327
Jan ’24US$159.37
US$219.29
+37.6%
24.7%US$335.00US$160.00US$188.877
Dec ’23US$167.94
US$217.29
+29.4%
25.9%US$335.00US$154.00US$160.977
Nov ’23US$161.90
US$244.00
+50.7%
20.1%US$335.00US$171.00US$130.397

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

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