PrologisWBO:PRLD +0.45%85 3-Year ROIIC % is 11.80 as of Dec. 2025, which is 191% above its 10-year median of 4.06. GuruFocus rates WBO:PRLD with a GF Score™ of 85/100 and a GF Value™ of €113.92 (Fairly Valued). The stock has 10 warning signs investors should review. Among 695 REITs companies, Prologis ranks better than 82.59% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Prologis's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 11.80%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Prologis's 3-Year ROIIC % or its related term are showing as below:
WBO:PRLD's 3-Year ROIIC % is ranked better than 82.59% of 695
companies
in the REITs industry
Industry Median: 3.49
vs WBO:PRLD: 11.80
Prologis (WBO:PRLD) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Prologis 3-Year ROIIC % Related Terms
Prologis 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Prologis's 3-Year ROIIC % 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.
WBO:PRLD vs PSA, EXR, EGP: 3-Year ROIIC % Comparison
For the REIT - Industrial subindustry, Prologis's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, Prologis's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Prologis's 3-Year ROIIC % falls into.
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Prologis (WBO:PRLD) has a 3-Year ROIIC % of 11.80 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Prologis and its competitors. This is 191% above median its historical median of 4.06. Over the past decade, Prologis' 3-Year ROIIC % has ranged from 2.16 to 11.81. According to the industry distribution chart, Prologis ranks #121 out of 695 companies in the REITs industry, placing it in the top 17.4%.
Is Prologis' 3-Year ROIIC % too high?
Prologis' current 3-Year ROIIC % of 11.80 is 191% above median its 10-year median of 4.06. Over the past 10 years, this metric has ranged from a low of 2.16 to a high of 11.81. The REITs industry median 3-Year ROIIC % is 3.49. Prologis' value of 11.80 is 238.1% above this industry median. Based on the distribution chart, Prologis ranks #121 out of 695 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Prologis has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Prologis' 3-Year ROIIC % compare to PSA and EXR?
According to the REITs industry distribution chart, Prologis ranks #121 out of 695 companies for 3-Year ROIIC %. This places Prologis in the top 17% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.49. Prologis' value of 11.80 is 238.1% above this benchmark. Historically, Prologis' own 3-Year ROIIC % has ranged from 2.16 to 11.81 over the past decade. While the company's 10-year median is 4.06 vs. the industry median of 3.49, 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 3-Year ROIIC % for a REITs company?
The median 3-Year ROIIC % among REITs companies is 3.49, based on 695 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Prologis's current 3-Year ROIIC % of 11.80 is 238.1% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Prologis and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Prologis's current 3-Year ROIIC % is 11.80, which is 191% above median its own 10-year median of 4.06. 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 (WBO:PRLD) is currently considered Fairly Valued. The stock's GF Value™ is €113.92, compared to a current price of €121.85 — trading 7% above its estimated fair value. The current 3-Year ROIIC % is 11.80, which is 191% above median its 10-year median of 4.06 and 238.1% above the REITs industry median of 3.49. Prologis' overall GF Score™ is 85/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Prologis (WBO:PRLD), the current 3-Year ROIIC % is 11.80 as of Dec. 2025. 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 (WBO:PRLD) Overvalued in 2026?
Based on GuruFocus' analysis, Prologis stock appears to be overvalued.
The current stock price of €121.85 is trading 7% above its estimated GF Value™ of €113.92.
GuruFocus considers Prologis to be Fairly Valued.
Key valuation signals for WBO:PRLD:
3-Year ROIIC %: 11.80 (191% above median its 10-year median of 4.06)
GF Value™: €113.92 vs. price of €121.85 (7% above fair value)
Industry Position: 238.1% above the REITs median (#121 of 695)
No single metric tells the full story. See the WBO:PRLD 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.
85GF Score
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