Jones Lang LaSalle Incorporated (JLL) AI Stock Analysis

NYSE: JLLAI research summary: business, growth, valuation, analysts, bull and bear case.

JLL AI stock analysis summary

AI Research

Jones Lang LaSalle Incorporated (JLL) is a global real estate and investment management services firm. In FY2025, revenue rose 11.4% to $26.12B, and free cash flow reached $978.5M. The stock trades at a trailing price-to-earnings ratio of 14.7x, below the median of its US-listed Real Estate peers.

Market cap
$14.06B
Revenue (TTM)
$27.43B
P/E
14.7x
fwd 10.4x
1Y return
2.4%
S&P 500 16.8%
Avg. target
$412.90
35.2% vs last close

Bull case

  • Quarterly earnings rose 97.8% year-over-year for the period ended June 30, 2026, reflecting strong operating leverage.
  • The stock trades at a forward P/E of 10.4x and a PEG ratio of 0.74, well below peer medians.
  • Analyst consensus targets a mean price of $412.90, implying 35.2% upside from the last closing price of $305.51.

Bear case

  • Trailing operating margin sits at 4.6%, well below the median of 25.9% for its US-listed Real Estate peers.
  • Shareholder returns have lagged broad markets, with a 5-year return of 20.5% versus 83.0% for the S&P 500.
  • The balance sheet carries $2.06B in net debt with $458.2M in cash against $2.52B in total debt as of June 30, 2026.

What Jones Lang LaSalle does

Jones Lang LaSalle Incorporated is a global professional services firm specializing in real estate and investment management across the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers agency leasing, tenant representation, and capital markets services such as debt advisory, equity advisory, and investment sales. It also provides property management for office, industrial, retail, and residential properties, alongside integrated facilities management, design, and construction services. Additionally, JLL delivers consulting, valuation, and sustainability advisory across multiple industries, manages critical environment facilities and infrastructure projects, and provides investment management services to institutional investors and high-net-worth individuals.

Growth and profitability

Between FY2020 and FY2025, JLL achieved a 5-year revenue compound annual growth rate of 9.5%. Revenue expanded from $19.37B in FY2021 to $26.12B in FY2025, with net income rising from $225.4M in FY2023 to $792.1M in FY2025. In FY2025, operating margin was 4.5% and net margin was 3.0%. Over the trailing twelve months, revenue reached $27.43B with an operating margin of 4.6% and net income generating diluted earnings per share of $20.85. For the latest quarter ended June 30, 2026, quarterly revenue grew 10.8% year-over-year, while quarterly earnings grew 97.8% year-over-year.

JLL income statement →

Balance sheet and cash flow

As of June 30, 2026, JLL held $458.2M in cash and short-term investments against total debt of $2.52B, resulting in net debt of $2.06B. The company recorded shareholders' equity of $7.46B, a debt-to-equity ratio of 0.34, and a current ratio of 1.13. Operating cash flow in FY2025 was $1.19B, and free cash flow stood at $978.5M. Capital expenditures were $215.6M in FY2025. JLL used $251.1M for share buybacks in FY2025, contributing to an 8.2% reduction in share count over 5 years.

JLL balance sheet →

Valuation and performance

JLL trades at a trailing price-to-earnings multiple of 14.7x and a forward price-to-earnings multiple of 10.4x, both lower than the median of its US-listed Real Estate peers at 21.6x and 23.5x, respectively. Its enterprise value to EBITDA ratio is 11.6x compared to the peer median of 14.7x, and its price-to-sales ratio is 0.5x versus 3.7x for peers. Over the past year, JLL gained 2.4%, trailing the S&P 500 (SPY) return of 16.8%. Over 5 years, JLL rose 20.5% versus 83.0% for the index.

JLL key metrics →

What analysts expect

Wall Street coverage consists of 6 Strong Buy, 2 Buy, and 4 Hold ratings, with no Sell or Strong Sell ratings. The mean price target is $412.90, representing a 35.2% premium over the last close of $305.51. For the fiscal year ending December 31, 2026, analysts estimate revenue of $29.06B and earnings per share of $25.07, representing 33.4% EPS growth. JLL beat earnings estimates in all 4 of its last 4 quarters. The next earnings date is October 28, 2026.

JLL forecast and price target →

Key risks and what to watch

  • Operating margins fluctuate significantly, having compressed to 2.8% in FY2023 before recovering to 4.5% in FY2025.
  • The stock has a beta of 1.30 and closed at $305.51, which is 6.2% below its 200-day moving average.
  • Short interest represents 2.5% of the float, reflecting market skepticism despite 4 consecutive quarterly earnings beats.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this JLL AI stock analysis

This page is an AI-written research summary of Jones Lang LaSalle Incorporated (JLL). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: JLL income statement, JLL balance sheet, JLL key metrics, JLL analyst forecast, JLL chart. See the JLL stock overview for the latest quote and news.

JLL AI stock analysis FAQ

What were JLL's revenues and earnings in the latest fiscal year?

In FY2025, JLL reported revenue of $26.12B, an increase of 11.4% year-over-year. Net income was $792.1M, yielding diluted earnings per share of $18.82.

How does JLL's valuation compare to real estate peers?

JLL trades at a trailing P/E of 14.7x and an EV/EBITDA of 11.6x. Both multiples are lower than the median of its US-listed Real Estate peers, which stand at 21.6x and 14.7x, respectively.

What is JLL's debt position?

As of June 30, 2026, JLL had $2.52B in total debt and $458.2M in cash and short-term investments, resulting in net debt of $2.06B. Its debt-to-equity ratio was 0.34.

When is JLL's next earnings announcement?

JLL is scheduled to report its next earnings on October 28, 2026. The company beat EPS estimates in each of the last 4 quarters.

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