PrologisPLD -0.40%92 EV-to-FCF is 32.87 as of Jun. 27, 2026, which is 1% above its 10-year median of 32.57. GuruFocus rates PLD with a GF Score™ of 92/100 and a GF Value™ of $132.50 (Fairly Valued). The stock has 10 warning signs investors should review. Among 740 REITs companies, Prologis ranks worse than 68.24% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Prologis's Enterprise Value is $168,817 Mil.
Prologis's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $5,136 Mil. Therefore, Prologis's EV-to-FCF for today is 32.87.
The historical rank and industry rank for Prologis's EV-to-FCF or its related term are showing as below:
PLD'
s EV-to-FCF Range Over the Past 10 Years
Min: 22.27 Med: 32.57 Max: 50.33
Current: 32.87
During the past 13 years, the highest EV-to-FCF of Prologis was 50.33. The lowest was 22.27. And the median was 32.57.
PLD's EV-to-FCF is ranked worse than 68.24% of 740
companies
in the REITs industry
Industry Median: 23
vs PLD: 32.87
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Prologis's share price for today is $139.97.
Prologis's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.980.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Prologis EV-to-FCF Related Terms
Prologis EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Prologis's EV-to-FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the REIT - Industrial subindustry, Prologis's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Prologis EV-to-FCF vs REITs Industry
For the REITs industry and Real Estate sector, Prologis's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Prologis's EV-to-FCF falls into.
Prologis's current Enterprise Value is $168,817 Mil.
Prologis's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,136 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Prologis (PLD) has a EV-to-FCF of 32.87 as of Jun. 27, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Prologis and its competitors. This is near median its historical median of 32.57. Over the past decade, Prologis' EV-to-FCF has ranged from 22.27 to 50.33. According to the industry distribution chart, Prologis ranks #505 out of 740 companies in the REITs industry, placing it in the top 68.2%.
Is Prologis' EV-to-FCF too high?
Prologis' current EV-to-FCF of 32.87 is near median its 10-year median of 32.57. Over the past 10 years, this metric has ranged from a low of 22.27 to a high of 50.33. The REITs industry median EV-to-FCF is 23.00. Prologis' value of 32.87 is 42.9% above this industry median. Based on the distribution chart, Prologis ranks #505 out of 740 companies in the REITs industry, which is below the industry midpoint. Overall, Prologis has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Prologis' EV-to-FCF compare to PSA and EXR?
According to the REITs industry distribution chart, Prologis ranks #505 out of 740 companies for EV-to-FCF. This places Prologis in the lower half of its industry. The industry median EV-to-FCF is 23.00. Prologis' value of 32.87 is 42.9% above this benchmark. Historically, Prologis' own EV-to-FCF has ranged from 22.27 to 50.33 over the past decade. While the company's 10-year median is 32.57 vs. the industry median of 23.00, Prologis has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a REITs company?
The median EV-to-FCF among REITs companies is 23.00, based on 740 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Prologis's current EV-to-FCF of 32.87 is 42.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Prologis and its competitors. For the REITs industry, the median EV-to-FCF is 23.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Prologis's current EV-to-FCF is 32.87, which is near median its own 10-year median of 32.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Prologis stock overvalued right now?
Based on GuruFocus' analysis, Prologis (PLD) is currently considered Fairly Valued. The stock's GF Value™ is $132.50, compared to a current price of $139.97 — trading 5.6% above its estimated fair value. The current EV-to-FCF is 32.87, which is near median its 10-year median of 32.57 and 42.9% above the REITs industry median of 23.00. Prologis' overall GF Score™ is 92/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Prologis (PLD), the current EV-to-FCF is 32.87 as of Jun. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Prologis (PLD) Overvalued in 2026?
Based on GuruFocus' analysis, Prologis stock appears to be overvalued.
The current stock price of $139.97 is trading 5.6% above its estimated GF Value™ of $132.50.
GuruFocus considers Prologis to be Fairly Valued.
Key valuation signals for PLD:
EV-to-FCF: 32.87 (near median its 10-year median of 32.57)
GF Value™: $132.50 vs. price of $139.97 (5.6% above fair value)
Industry Position: 42.9% above the REITs median (#505 of 740)
No single metric tells the full story. See the PLD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Prologis was formed by the 2011 merger of AMB Property and Prologis Trust. The company develops, acquires, and operates around 1.3 billion square feet of high-quality industrial and logistics facilities across the globe. The company also has a strategic capital business segment that has around $60 billion of third-party assets under management. The company is organized into four global divisions (Americas, Europe, Asia, and other Americas) and operates as a real estate investment trust.
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