Jones Lang LaSalle Incorporated (JLL) Financial Ratios
30 years of historical data (1996–2025) · Real Estate · Real Estate - Services
EV/EBITDA
↑
12.29
+1% vs avg
5yr avg: 12.13
30Y Low4.6·High13.3
P/FCF
↓
15.08
↓-23% vs avg
5yr avg: 19.52
30Y Low3.6·High65.4
P/B Ratio
↓
2.02
+15% vs avg
5yr avg: 1.76
30Y Low0.8·High4.1
ROE
↓
10.9%
↓+11% vs avg
5yr avg: 9.8%
30Y Low-38%·High82%
Debt/EBITDA
↑
2.36
↓-10% vs avg
5yr avg: 2.62
30Y Low0.1·High5.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
JLL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Jones Lang LaSalle Incorporated trades at 19.4x earnings, 12% below its 5-year average of 22.0x, sitting at the 72nd percentile of its historical range. Compared to the Real Estate sector median P/E of 24.1x, the stock trades at a discount of 20%. On a free-cash-flow basis, the stock trades at 15.1x P/FCF, 23% below the 5-year average of 19.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $14.8B | $16.3B | $12.2B | $9.1B | $7.9B | $14.0B | $7.8B | $8.6B | $5.8B | $6.8B | $4.6B |
| Enterprise Value | $17.5B | $19.0B | $14.8B | $11.8B | $10.5B | $16.1B | $10.3B | $10.8B | $6.3B | $7.6B | $6.2B |
| P/E Ratio → | 19.40 | 20.52 | 22.40 | 40.44 | 12.01 | 14.58 | 19.27 | 16.02 | 12.01 | 24.70 | 13.98 |
| P/S Ratio | 0.57 | 0.62 | 0.52 | 0.44 | 0.38 | 0.72 | 0.47 | 0.85 | 0.64 | 0.86 | 0.67 |
| P/B Ratio | 2.02 | 2.13 | 1.78 | 1.42 | 1.28 | 2.18 | 1.38 | 1.64 | 1.56 | 2.02 | 1.63 |
| P/FCF | 15.08 | 16.61 | 20.41 | 23.45 | — | 17.61 | 8.04 | 28.91 | 13.15 | 10.68 | 718.77 |
| P/OCF | 12.36 | 13.61 | 15.59 | 15.84 | 39.34 | 14.42 | 6.96 | 17.69 | 9.63 | 8.63 | 20.67 |
P/E links to full P/E history page with 30-year chart
JLL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Jones Lang LaSalle Incorporated's enterprise value stands at 12.3x EBITDA, roughly in line with its 5-year average of 12.1x. The Real Estate sector median is 16.7x, placing the stock at a 26% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.73 | 0.63 | 0.57 | 0.50 | 0.83 | 0.62 | 1.08 | 0.70 | 0.95 | 0.90 |
| EV / EBITDA | 12.29 | 13.34 | 12.05 | 12.96 | 9.56 | 12.73 | 13.09 | 11.79 | 7.10 | 10.67 | 10.36 |
| EV / EBIT | 14.94 | 17.47 | 16.58 | 17.46 | 10.77 | 14.23 | 14.66 | 12.03 | 8.50 | 13.20 | 11.67 |
| EV / FCF | — | 19.44 | 24.63 | 30.41 | — | 20.15 | 10.66 | 36.56 | 14.34 | 11.93 | 967.09 |
JLL Profitability
Margins and return-on-capital ratios measuring operating efficiency
Jones Lang LaSalle Incorporated earns an operating margin of 4.5%, below the Real Estate sector average of 26.0%. Operating margins have expanded from 2.8% to 4.5% over the past 3 years, signaling improving operational efficiency. ROE of 10.9% is modest. ROIC of 8.9% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 99.0% | 99.0% | 51.8% | 51.5% | 53.7% | 56.2% | 52.1% | 68.9% | 67.5% | 67.4% | 68.1% |
| Operating Margin | 4.5% | 4.5% | 3.7% | 2.8% | 4.2% | 5.4% | 3.4% | 7.1% | 7.8% | 6.9% | 6.6% |
| Net Profit Margin | 3.0% | 3.0% | 2.3% | 1.1% | 3.1% | 5.0% | 2.4% | 5.3% | 5.3% | 3.5% | 4.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.9% | 10.9% | 8.2% | 3.6% | 10.4% | 16.0% | 7.4% | 12.0% | 13.6% | 8.9% | 11.5% |
| ROA | 4.6% | 4.6% | 3.3% | 1.4% | 4.2% | 6.4% | 2.9% | 4.5% | 5.0% | 3.3% | 4.6% |
| ROIC | 8.9% | 8.9% | 7.0% | 4.8% | 7.6% | 9.4% | 5.4% | 9.1% | 12.6% | 9.5% | 8.8% |
| ROCE | 8.9% | 8.9% | 9.0% | 6.0% | 9.3% | 12.1% | 6.8% | 10.6% | 13.9% | 11.4% | 10.9% |
JLL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Jones Lang LaSalle Incorporated carries a Debt/EBITDA ratio of 2.4x, which is manageable (70% below the sector average of 7.9x). Net debt stands at $2.8B ($3.4B total debt minus $599M cash). Interest coverage of 10.1x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.44 | 0.44 | 0.43 | 0.49 | 0.51 | 0.41 | 0.55 | 0.52 | 0.27 | 0.31 | 0.65 |
| Debt / EBITDA | 2.36 | 2.36 | 2.40 | 3.42 | 2.86 | 2.08 | 3.95 | 2.96 | 1.13 | 1.49 | 3.09 |
| Net Debt / Equity | — | 0.36 | 0.37 | 0.42 | 0.43 | 0.32 | 0.45 | 0.43 | 0.14 | 0.23 | 0.56 |
| Net Debt / EBITDA | 1.94 | 1.94 | 2.06 | 2.97 | 2.39 | 1.61 | 3.22 | 2.47 | 0.59 | 1.11 | 2.66 |
| Debt / FCF | — | 2.83 | 4.22 | 6.96 | — | 2.54 | 2.62 | 7.66 | 1.19 | 1.24 | 248.31 |
| Interest Coverage | 10.15 | 10.15 | 6.51 | — | — | — | — | — | — | — | — |
JLL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Jones Lang LaSalle Incorporated's current ratio of 7.49x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 1.06x to 7.49x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 7.49 | 7.49 | 1.05 | 1.06 | 1.11 | 0.98 | 1.05 | 1.07 | 1.09 | 1.05 | 1.11 |
| Quick Ratio | 7.49 | 7.49 | 1.05 | 1.06 | 1.11 | 0.98 | 1.05 | 1.07 | 1.09 | 1.05 | 1.11 |
| Cash Ratio | 0.59 | 0.59 | 0.06 | 0.06 | 0.09 | 0.09 | 0.09 | 0.08 | 0.10 | 0.06 | 0.09 |
| Asset Turnover | — | 1.47 | 1.40 | 1.29 | 1.34 | 1.25 | 1.16 | 0.73 | 0.91 | 0.86 | 0.91 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
JLL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Jones Lang LaSalle Incorporated returns 1.4% to shareholders annually primarily through share buybacks. The earnings yield of 5.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | 0.5% | 0.7% | 0.5% | 0.6% |
| Payout Ratio | — | — | — | — | — | — | — | 8.0% | 7.8% | 12.0% | 9.2% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.2% | 4.9% | 4.5% | 2.5% | 8.3% | 6.9% | 5.2% | 6.2% | 8.3% | 4.0% | 7.2% |
| FCF Yield | 6.6% | 6.0% | 4.9% | 4.3% | — | 5.7% | 12.4% | 3.5% | 7.6% | 9.4% | 0.1% |
| Buyback Yield | 1.4% | 1.3% | 0.9% | 1.0% | 8.8% | 2.8% | 1.6% | 0.2% | 0.2% | 0.1% | 0.2% |
| Total Shareholder Yield | 1.4% | 1.3% | 0.9% | 1.0% | 8.8% | 2.8% | 1.6% | 0.7% | 0.9% | 0.6% | 0.8% |
| Shares Outstanding | — | $48M | $48M | $48M | $49M | $52M | $52M | $49M | $46M | $46M | $46M |
Peer Comparison
Compare JLL with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 JLLYou | $15B | 19.4 | 12.3 | 15.1 | 99.0% | 4.5% | 10.9% | 8.9% | 2.4 |
 CBRE | $42B | 37.0 | 24.2 | 35.0 | 15.0% | 3.2% | 12.3% | 6.2% | 4.8 |
 CWK | $3B | 38.2 | 10.4 | 11.6 | 16.2% | 4.5% | 4.8% | 7.9% | 5.8 |
 MMI | $1B | -585.1 | — | 18.6 | 37.7% | -1.8% | -0.3% | -1.9% | — |
 NEN | $168M | 34.7 | -1.1 | 0.0 | 16.4% | 24.4% | — | — | 0.0 |
 NMRK | $3B | 24.0 | 11.2 | 21.1 | 94.6% | 7.0% | 7.7% | 5.2% | 4.8 |
 RMR | $293M | 18.9 | 8.1 | 4.1 | 76.9% | 6.0% | 4.3% | 6.7% | 3.8 |
 CIGI | $5B | 47.1 | 10.9 | 20.8 | 30.8% | 7.2% | 4.0% | 6.4% | 4.0 |
 FSV | $6B | 39.8 | 13.8 | 17.8 | 31.8% | 6.1% | 8.3% | 8.0% | 3.1 |
 AMT | $83B | 33.0 | 18.2 | 21.9 | 73.7% | 45.8% | 25.3% | 6.9% | 6.5 |
 PLD | $130B | 35.0 | 22.9 | 26.5 | 74.9% | 53.8% | 6.4% | 3.8% | 4.5 |
| Real Estate Median | — | 24.1 | 16.7 | 15.4 | 52.1% | 26.0% | 3.5% | 3.0% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonJLL — Frequently Asked Questions
Quick answers to the most common questions about buying JLL stock.
What is Jones Lang LaSalle Incorporated's P/E ratio?
Jones Lang LaSalle Incorporated's current P/E ratio is 19.4x. The historical average is 18.5x. This places it at the 72th percentile of its historical range.
What is Jones Lang LaSalle Incorporated's EV/EBITDA?
Jones Lang LaSalle Incorporated's current EV/EBITDA is 12.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.6x.
What is Jones Lang LaSalle Incorporated's ROE?
Jones Lang LaSalle Incorporated's return on equity (ROE) is 10.9%. The historical average is 12.0%.
Is JLL stock overvalued?
Based on historical data, Jones Lang LaSalle Incorporated is trading at a P/E of 19.4x. This is at the 72th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Jones Lang LaSalle Incorporated's profit margins?
Jones Lang LaSalle Incorporated has 99.0% gross margin and 4.5% operating margin.
How much debt does Jones Lang LaSalle Incorporated have?
Jones Lang LaSalle Incorporated's Debt/EBITDA ratio is 2.4x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.