Jones Lang LaSalle Inc (JLL)
Fair ValueFundamental
79
Price
$305.52
Market Cap
$14.45B
Part 1 · What the company is worth
Overview
Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in buying, building, occupying, managing, and investing in office, industrial, hotel, multi-family, retail and data center properties in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company also offers agency leasing, tenant representation, property management, advisory, and consulting services; and debt advisory, loan sales and servicing, value and risk advisory, equity and funds placement, merger and acquisition, corporate advisory, and investment sales and advisory services. In addition, it provides on-site real estate management services for office, industrial, retail, multifamily residential, and other properties; cloud-based software solutions; integrated facilities management, space planning, office design, and workplace strategy consulting services; program and project management, implementation and support, managed services, and advisory/consulting services; and investment management services to institutional investors and high-net-worth individuals, as well as designing, building, management, and consulting services to tenants of leased space, owners in self-occupied buildings, and owners of real estate investments. It provides its services to real estate owners, occupiers, investors, and developers for various property types, including critical environments and data centers, offices, industrial and warehouses, residential properties, infrastructure projects, retail and shopping malls, logistics, and military housing and transportation centers; and hotels and hospitality, cultural, educational, government, healthcare and laboratory, and sports facilities. The company was formerly known as LaSalle Partners Incorporated and changed its name to Jones Lang LaSalle Incorporated in March 1999. Jones Lang LaSalle Incorporated was incorporated in 1997 and is headquartered in Chicago, Illinois.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated on September 19, 2026 with claude-haiku-4-5 — shared with all users
CBRE is the other global full-service commercial real estate firm, bidding against JLL for the same corporate outsourcing contracts, leasing mandates and capital markets transactions worldwide.
Colliers competes for the same brokerage, valuation and investment management fees across North America, Europe and Asia-Pacific, often for mid-market and regional clients JLL also pursues.
Newmark competes head-on in US capital markets, debt placement and office leasing, and recruits brokers from the same pool JLL depends on.
Cushman & Wakefield offers the same integrated package of leasing, property management and facilities outsourcing to multinational occupiers and investors that JLL sells.
Savills competes with JLL for advisory, leasing and investment sales mandates in the UK, continental Europe and Asia, where its brand is strongest.
Knight Frank, a private UK partnership, competes for the same commercial and prime residential advisory mandates in Europe, the Middle East and Asia-Pacific.
Balance Sheet & Liquidity
Revenue
$27.43B
Trailing 12 months (through 6/30/2026)
Net Income
$998M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
-
Total Equity
$7.50B
Total Liabilities
$10.18B
Current Ratio
1.13
Interest Coverage
14.05
Debt/EBITDA
1.86
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$392.84
Current Price
$305.52
Margin of Safety
+22.2%
Fair Value Range
$255.34 - $530.33
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
14.65
ROE
10.6%
P/B Ratio
1.88
P/FCF
-
Gross Margin
-
ROIC
9.6%
Profitability Radar
Value Creation (Economic Moat)
ROIC
9.6%
WACC
10.5%
ROIC − WACC
-0.9 pp
ROIC is roughly in line with the cost of capital — the company is barely covering its capital cost.
Fundamental Analysis Criteria
Passed (19)
- EPS shows upward trend
- EPS CAGR 11.86%
- Price CAGR 13.13%
- ROIC 9.6%
- P/B Ratio 1.88
- Debt/Equity ratio
- Current Ratio
- Interest Coverage
- Debt/EBITDA
- Return on Tangible Assets
- ROE 13.6%
- Revenue Growth 5Y 9.5%
- Analyst Consensus 69% Buy
- Earnings Surprise avg 12.6%
- PEG Ratio 0.90
- Earnings Quality (OCF/NI) 1.37
- Share Dilution -0.2%
- Net Margin Trend 3.6% vs 2.3%
- Piotroski F-Score 8/9
Failed (4)
- Operating Margin 4.7%
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
Unavailable (5)
- Gross Margin NaN%
- P/FCF NaN
- Dividend Payout NaN%
- Positive Free Cash Flow
- CapEx intensity
Piotroski F-Score
Strong financial health
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Christian Ulbrich | Chairman of Global Executive Board, President, Global CEO & Director | 59 |
| Ms. Kelly Howe | CFO & Member of Global Executive Board | - |
| Mr. Richard W. Bloxam | Global CEO of Capital Markets & Member of Global Executive Board | 53 |
| Mr. Neil D. Murray | CEO of Real Estate Management Services & Member of Global Executive Board | 49 |
| Mr. Mihir Shah | CEO of JLL Technologies, Co-CEO of Spark & Member of Global Executive Board | 50 |
| Ms. Karen G. Brennan | CEO of JLL's Leasing Advisory Business & Member of Global Executive Board | 48 |
| Mr. Andy Poppink | CEO of Leasing Advisory of EMEA & APAC and Member of the Global Executive Board | 51 |
| Ms. Laura Adams | Chief Human Resources Officer & Member of Global Executive Board | 56 |
| Mr. Alastair Benn | Chief Operating Officer | - |
| Mr. Benjamin Hawke | Chief Accounting Officer | 40 |
Audit Risk
2
Board Risk
1
Compensation Risk
3
Shareholder Rights Risk
5
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-19
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-07-30
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-09-30
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for JLL, sourced from Markets Gazette.
- 4/10/2026POSITIVE7 Stocks Leading the Real Estate Recovery
The commercial real estate sector is showing signs of recovery, with several stocks within the space now considered undervalued. Jones Lang LaSalle Inc. (JLL), a prominent player in real estate services, is highlighted as a key company presenting profitable investment opportunities. This positive outlook suggests that investors may see significant upside potential in JLL and similar firms as the sector gains momentum, driven by improving market conditions and potentially lower valuations.
- 2/23/2026POSITIVEAssessing Jones Lang LaSalle: Insights From 5 Financial Analysts
Jones Lang LaSalle (JLL) continues to garner consensus among financial analysts, solidifying its position as a stock to watch closely in the real estate services sector. Recent ratings from prominent research firms like Wolfe Research and Raymond James have confirmed an "Outperform" rating. This series of consistently maintained positive ratings reflects strong confidence in JLL's growth prospects and corporate strategy. For investors, a bullish consensus from multiple analysts is a significant signal of potential stock appreciation. The cohesive ratings suggest that the company's operational performance and market position are considered robust, providing a favorable indication for those considering an investment in JLL's stock.
via Markets Gazette