(JLL) Jones Lang LaSalle - Ratings and Ratios
Leasing, Investment, Management, Advisory, Facilities
Dividends
Currently no dividends paid| Risk via 10d forecast | |
|---|---|
| Volatility | 31.7% |
| Value at Risk 5%th | 47.0% |
| Relative Tail Risk | -9.86% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.62 |
| Alpha | 8.65 |
| CAGR/Max DD | 0.84 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.579 |
| Beta | 1.141 |
| Beta Downside | 1.272 |
| Drawdowns 3y | |
|---|---|
| Max DD | 34.07% |
| Mean DD | 9.42% |
| Median DD | 6.81% |
Description: JLL Jones Lang LaSalle October 31, 2025
Jones Lang LaSalle Incorporated (JLL) is a global commercial real-estate and investment-management firm that buys, builds, occupies, manages, and invests across a full spectrum of property types-including office, industrial, hotel, residential, retail, data-center, and specialized assets such as military housing and healthcare facilities-throughout the Americas, Europe, the Middle East, Africa, and Asia-Pacific. In addition to traditional brokerage and tenant-representation services, JLL offers a suite of advisory and consulting capabilities covering debt and equity placement, M&A, risk management, and on-site property management, as well as cloud-based software, integrated facilities management, and workplace-strategy consulting.
Key quantitative signals that often drive JLL’s performance include its FY 2023 revenue of roughly $20 billion, an FY 2023 adjusted EBITDA margin of ~ 15 % (reflecting strong fee-based earnings), and a net operating income (NOI) growth rate of about 4 % YoY in its core property-management segment. Macro-level drivers such as U.S. and European interest-rate trends, the acceleration of e-commerce logistics demand (boosting industrial and warehouse leasing), and the ongoing shift toward flexible-office and ESG-focused tenancy are critical levers for JLL’s top-line outlook. A recent sector-wide benchmark shows that office vacancy rates in major U.S. metros have risen to ~ 16 %-a level that pressures leasing activity but also creates opportunities for repositioning and value-add investments, a niche where JLL’s advisory and project-management services are positioned to capture upside.
For a deeper, data-driven perspective on how these dynamics translate into valuation metrics, you might explore ValueRay’s platform, which aggregates JLL’s financial and operational KPIs into a single analytical view.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income (631.6m TTM) > 0 and > 6% of Revenue (6% = 1.52b TTM) |
| FCFTA 0.05 (>2.0%) and ΔFCFTA 3.00pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 2.71% (prev 1.68%; Δ 1.03pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.06 (>3.0%) and CFO 1.11b > Net Income 631.6m (YES >=105%, WARN >=100%) |
| Net Debt (3.05b) to EBITDA (1.43b) ratio: 2.14 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.10 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (48.3m) change vs 12m ago -0.31% (target <= -2.0% for YES) |
| Gross Margin 51.15% (prev 51.54%; Δ -0.39pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 144.7% (prev 126.3%; Δ 18.39pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 11.58 (EBITDA TTM 1.43b / Interest Expense TTM 91.1m) >= 6 (WARN >= 3) |
Altman Z'' 2.59
| (A) 0.04 = (Total Current Assets 7.64b - Total Current Liabilities 6.96b) / Total Assets 17.18b |
| (B) 0.39 = Retained Earnings (Balance) 6.71b / Total Assets 17.18b |
| (C) 0.06 = EBIT TTM 1.05b / Avg Total Assets 17.50b |
| (D) 0.62 = Book Value of Equity 6.14b / Total Liabilities 9.88b |
| Total Rating: 2.59 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 61.93
| 1. Piotroski 5.50pt |
| 2. FCF Yield 5.01% |
| 3. FCF Margin 3.60% |
| 4. Debt/Equity 0.49 |
| 5. Debt/Ebitda 2.14 |
| 6. ROIC - WACC (= 0.46)% |
| 7. RoE 9.08% |
| 8. Rev. Trend 62.78% |
| 9. EPS Trend -2.42% |
What is the price of JLL shares?
Over the past week, the price has changed by +2.14%, over one month by +8.91%, over three months by +7.13% and over the past year by +21.85%.
Is JLL a buy, sell or hold?
- Strong Buy: 5
- Buy: 3
- Hold: 2
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the JLL price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 358.4 | 7.1% |
| Analysts Target Price | 358.4 | 7.1% |
| ValueRay Target Price | 375.6 | 12.2% |
JLL Fundamental Data Overview December 10, 2025
P/E Trailing = 24.5188
P/E Forward = 15.1976
P/S = 0.5988
P/B = 2.155
P/EG = 0.8122
Beta = 1.445
Revenue TTM = 25.32b USD
EBIT TTM = 1.05b USD
EBITDA TTM = 1.43b USD
Long Term Debt = 982.9m USD (from longTermDebt, last quarter)
Short Term Debt = 1.71b USD (from shortTermDebt, last quarter)
Debt = 3.48b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 3.05b USD (from netDebt column, last quarter)
Enterprise Value = 18.21b USD (15.16b + Debt 3.48b - CCE 428.9m)
Interest Coverage Ratio = 11.58 (Ebit TTM 1.05b / Interest Expense TTM 91.1m)
FCF Yield = 5.01% (FCF TTM 912.0m / Enterprise Value 18.21b)
FCF Margin = 3.60% (FCF TTM 912.0m / Revenue TTM 25.32b)
Net Margin = 2.49% (Net Income TTM 631.6m / Revenue TTM 25.32b)
Gross Margin = 51.15% ((Revenue TTM 25.32b - Cost of Revenue TTM 12.37b) / Revenue TTM)
Gross Margin QoQ = 51.58% (prev 49.94%)
Tobins Q-Ratio = 1.06 (Enterprise Value 18.21b / Total Assets 17.18b)
Interest Expense / Debt = 0.84% (Interest Expense 29.2m / Debt 3.48b)
Taxrate = 19.13% (52.6m / 275.0m)
NOPAT = 852.8m (EBIT 1.05b * (1 - 19.13%))
Current Ratio = 1.10 (Total Current Assets 7.64b / Total Current Liabilities 6.96b)
Debt / Equity = 0.49 (Debt 3.48b / totalStockholderEquity, last quarter 7.18b)
Debt / EBITDA = 2.14 (Net Debt 3.05b / EBITDA 1.43b)
Debt / FCF = 3.35 (Net Debt 3.05b / FCF TTM 912.0m)
Total Stockholder Equity = 6.96b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.68% (Net Income 631.6m / Total Assets 17.18b)
RoE = 9.08% (Net Income TTM 631.6m / Total Stockholder Equity 6.96b)
RoCE = 13.28% (EBIT 1.05b / Capital Employed (Equity 6.96b + L.T.Debt 982.9m))
RoIC = 8.90% (NOPAT 852.8m / Invested Capital 9.59b)
WACC = 8.44% (E(15.16b)/V(18.64b) * Re(10.22%) + D(3.48b)/V(18.64b) * Rd(0.84%) * (1-Tc(0.19)))
Discount Rate = 10.22% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.03%
[DCF Debug] Terminal Value 73.77% ; FCFE base≈712.0m ; Y1≈833.1m ; Y5≈1.26b
Fair Price DCF = 317.0 (DCF Value 14.96b / Shares Outstanding 47.2m; 5y FCF grow 18.11% → 3.0% )
EPS Correlation: -2.42 | EPS CAGR: -16.02% | SUE: 0.77 | # QB: 0
Revenue Correlation: 62.78 | Revenue CAGR: 2.45% | SUE: 0.01 | # QB: 0
EPS next Quarter (2026-03-31): EPS=2.92 | Chg30d=+0.161 | Revisions Net=+2 | Analysts=6
EPS next Year (2026-12-31): EPS=20.31 | Chg30d=+0.216 | Revisions Net=+7 | Growth EPS=+17.0% | Growth Revenue=+7.1%
Additional Sources for JLL Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle