JBGS (JBG SMITH Properties) Intrinsic Value: Projected FCF: $-2.31 (As of Aug. 28, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

JBGS JBG SMITH Properties JBGS
59 GF Score
Price $12.08
GF Value $22.12
Valuation Possible Value Trap
! 8 Warning Signs
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What is JBG SMITH Properties Intrinsic Value: Projected FCF?

JBG SMITH Properties JBGS -0.17% 59 Intrinsic Value: Projected FCF is $-2.31 as of Aug. 28, 2026. GuruFocus rates JBGS with a GF Score™ of 59/100 and a GF Value™ of $22.12 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 615 REITs companies, JBG SMITH Properties ranks worse than 162601.46% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-08-28), JBG SMITH Properties's Intrinsic Value: Projected FCF is $-2.31. The stock price of JBG SMITH Properties is $12.08. Therefore, JBG SMITH Properties's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

The historical rank and industry rank for JBG SMITH Properties's Intrinsic Value: Projected FCF or its related term are showing as below:

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of JBG SMITH Properties was 14.38. The lowest was 2.08. And the median was 3.29.

JBGS's Price-to-Projected-FCF is not ranked *
in the REITs industry.
Industry Median: 0.65
* Ranked among companies with meaningful Price-to-Projected-FCF only.

JBG SMITH Properties  (NYSE:JBGS) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

JBG SMITH Properties's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=12.08/-2.3078352691228
=

* 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.


JBG SMITH Properties Intrinsic Value: Projected FCF Related Terms


JBG SMITH Properties Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for JBG SMITH Properties's Intrinsic Value: Projected 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.

JBG SMITH Properties Intrinsic Value: Projected FCF Chart

JBG SMITH Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.09 7.63 4.25 2.30 -2.91

JBG SMITH Properties Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.21 -3.13 -2.91 -3.50 -2.31

JBGS vs CTO, ESRT, GOOD: Intrinsic Value: Projected FCF Comparison

For the REIT - Diversified subindustry, JBG SMITH Properties's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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.


JBG SMITH Properties Price-to-Projected-FCF vs REITs Industry

For the REITs industry and Real Estate sector, JBG SMITH Properties's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where JBG SMITH Properties's Price-to-Projected-FCF falls into.


JBGS
59GF Score
JBG SMITH Properties JBGS
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JBG SMITH Properties Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get JBG SMITH Properties's Free Cash Flow(6 year avg) = $-78.33.

JBG SMITH Properties's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(12.608723088515*-78.32992+1066.413*0.8)/58.284
=-2.31

* 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.

What does a Intrinsic Value: Projected FCF of $-2.31 mean?
JBG SMITH Properties (JBGS) has a Intrinsic Value: Projected FCF of $-2.31 as of Aug. 28, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on JBG SMITH Properties and its competitors. According to the industry distribution chart, JBG SMITH Properties ranks #999999 out of 615 companies in the REITs industry.
Is JBG SMITH Properties' Intrinsic Value: Projected FCF too high?
JBG SMITH Properties' current Intrinsic Value: Projected FCF is $-2.31. Based on the distribution chart, JBG SMITH Properties ranks #999999 out of 615 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, JBG SMITH Properties has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does JBG SMITH Properties' Intrinsic Value: Projected FCF compare to CTO and ESRT?
According to the REITs industry distribution chart, JBG SMITH Properties ranks #999999 out of 615 companies for Intrinsic Value: Projected FCF. This places JBG SMITH Properties in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.65. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a REITs company?
The median Intrinsic Value: Projected FCF among REITs companies is 0.65, based on 615 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on JBG SMITH Properties and its competitors. For the REITs industry, the median Intrinsic Value: Projected FCF is 0.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JBG SMITH Properties's current Intrinsic Value: Projected FCF is $-2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JBG SMITH Properties stock overvalued right now?
Based on GuruFocus' analysis, JBG SMITH Properties (JBGS) is currently considered Possible Value Trap. The stock's GF Value™ is $22.12, compared to a current price of $12.08 — trading 45.4% below its estimated fair value. The current Intrinsic Value: Projected FCF is $-2.31. JBG SMITH Properties' overall GF Score™ is 59/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For JBG SMITH Properties (JBGS), the current Intrinsic Value: Projected FCF is $-2.31 as of Aug. 28, 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 JBG SMITH Properties (JBGS) Overvalued in 2026?

Based on GuruFocus' analysis, JBG SMITH Properties stock appears to be undervalued. The current stock price of $12.08 is trading 45.4% below its estimated GF Value™ of $22.12. GuruFocus considers JBG SMITH Properties to be Possible Value Trap.

Key valuation signals for JBGS:

  • Intrinsic Value: Projected FCF: $-2.31
  • GF Value™: $22.12 vs. price of $12.08 (45.4% below fair value)
  • GF Score™: 59/100 with 8 warning signs

No single metric tells the full story. See the JBGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JBG SMITH Properties Business Description

Industry Real EstateREITs
Address 4747 Bethesda Avenue, Suite 200, Bethesda, MD, USA, 20814
JBG SMITH Properties is a real estate investment trust based in the United States. It owns, operates, invests in, and develops real estate assets concentrated in amenity-rich, metro-served submarkets in and around Washington, DC. In addition, the company also provides fee-based real estate services to legacy funds through its third-party real estate services business. The operating segments of the company are commercial, multifamily, and third-party real estate services. It generates maximum revenue from the commercial segment.
59GF Score

Get the complete analysis for JBGS

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$12.08
Price
$22.12
GF Value