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.
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.
PrologisPLD -0.13%91 Shiller PE Ratio is 36.07 as of Aug. 15, 2026, which is 46% below its 10-year median of 66.29. GuruFocus rates PLD with a GF Score™ of 91/100 and a GF Value™ of $136.42 (Fairly Valued). The stock has 11 warning signs investors should review. Among 480 REITs companies, Prologis ranks worse than 88.13% on this metric.
As of today (2026-08-15), Prologis's current share price is $141.03. Prologis's E10 for the quarter that ended in Jun. 2026 was $3.91. Prologis's Shiller PE Ratio for today is 36.07.
The historical rank and industry rank for Prologis's Shiller PE Ratio or its related term are showing as below:
PLD'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 27.49 Med: 66.29 Max: 3389.5
Current: 36.1
During the past years, Prologis's highest Shiller PE Ratio was 3389.50. The lowest was 27.49. And the median was 66.29.
PLD's Shiller PE Ratio is ranked worse than 88.13% of 480
companies
in the REITs industry
Industry Median: 13.725
vs PLD: 36.10
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Prologis's adjusted earnings per share data for the three months ended in Jun. 2026 was $1.130. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $3.91 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Prologis Shiller PE Ratio Related Terms
Prologis Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Prologis's Shiller PE Ratio 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 Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Shiller PE Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Prologis's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Prologis's Shiller PE Ratio falls into.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
Prologis's Shiller PE Ratio for today is calculated as
* 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's E10 for the quarter that ended in Jun. 2026 is calculated as:
For example, Prologis's adjusted earnings per share data for the three months ended in Jun. 2026 was:
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Prologis (PLD) has a Shiller PE Ratio of 36.07 as of Aug. 15, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Prologis and its competitors. This is 46% below median its historical median of 66.29. Over the past decade, Prologis' Shiller PE Ratio has ranged from 27.49 to 3,389.50. According to the industry distribution chart, Prologis ranks #423 out of 480 companies in the REITs industry, placing it in the top 88.1%.
Is Prologis' Shiller PE Ratio too high?
Prologis' current Shiller PE Ratio of 36.07 is 46% below median its 10-year median of 66.29. Over the past 10 years, this metric has ranged from a low of 27.49 to a high of 3,389.50. The REITs industry median Shiller PE Ratio is 13.73. Prologis' value of 36.07 is 162.8% above this industry median. Based on the distribution chart, Prologis ranks #423 out of 480 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Prologis has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Prologis' Shiller PE Ratio compare to PSA and EXR?
According to the REITs industry distribution chart, Prologis ranks #423 out of 480 companies for Shiller PE Ratio. This places Prologis in the lower half of its industry. The industry median Shiller PE Ratio is 13.73. Prologis' value of 36.07 is 162.8% above this benchmark. Historically, Prologis' own Shiller PE Ratio has ranged from 27.49 to 3,389.50 over the past decade. While the company's 10-year median is 66.29 vs. the industry median of 13.73, 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 Shiller PE Ratio for a REITs company?
The median Shiller PE Ratio among REITs companies is 13.73, based on 480 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Prologis's current Shiller PE Ratio of 36.07 is 162.8% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Prologis and its competitors. For the REITs industry, the median Shiller PE Ratio is 13.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Prologis's current Shiller PE Ratio is 36.07, which is 46% below median its own 10-year median of 66.29. 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 $136.42, compared to a current price of $141.03 — trading 3.4% above its estimated fair value. The current Shiller PE Ratio is 36.07, which is 46% below median its 10-year median of 66.29 and 162.8% above the REITs industry median of 13.73. Prologis' overall GF Score™ is 91/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Prologis (PLD), the current Shiller PE Ratio is 36.07 as of Aug. 15, 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 $141.03 is trading 3.4% above its estimated GF Value™ of $136.42.
GuruFocus considers Prologis to be Fairly Valued.
Key valuation signals for PLD:
Shiller PE Ratio: 36.07 (46% below median its 10-year median of 66.29)
GF Value™: $136.42 vs. price of $141.03 (3.4% above fair value)
Industry Position: 162.8% above the REITs median (#423 of 480)
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.
91GF Score
Get the complete analysis for PLD
Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PLD has been successfully added to your 
