Jones Lang LaSalle Incorporated (JLL) Key Metrics
JLL valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $14.06B
- Enterprise value
- $18.19B
- P/E (TTM)
- 14.7 10-yr median 17.6
- Forward P/E
- 10.4
- PEG ratio
- 0.74
- Price / sales
- 0.5 10-yr median 0.6
- Price / book
- 2.1 10-yr median 1.7
- EV / EBITDA
- 11.6 10-yr median 10.7
- Dividend yield
- —
- Beta
- 1.30
JLL key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsJLL valuation Price multiples at each fiscal year-end price.
JLL returns How much profit the business earns on the capital it uses.
JLL per-share figures Results divided by the shares outstanding at year-end.
JLL financial health Debt, liquidity and how easily interest is covered.
JLL efficiency & capital use Working capital cycle and where the cash goes.
JLL valuation history
JLL returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
JLL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
JLL cash returned to shareholders
JLL price vs earnings per share
JLL key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $16.26B | $12.24B | $9.12B | $7.86B | $14.02B | $7.76B | $8.56B | $5.81B | $6.81B | $4.60B |
| Enterprise value | $19.02B | $14.77B | $11.83B | $10.48B | $16.05B | $10.29B | $10.82B | $6.36B | $7.62B | $6.19B |
| P/E ratio | 20.5 | 22.4 | 40.5 | 12.0 | 14.6 | 19.3 | 16.0 | 12.0 | 24.7 | 14.5 |
| Price / sales | 0.6 | 0.5 | 0.4 | 0.4 | 0.7 | 0.5 | 0.9 | 0.6 | 0.9 | 0.7 |
| Price / book | 2.2 | 1.8 | 1.4 | 1.3 | 2.3 | 1.4 | 1.7 | 1.6 | 2.1 | 1.6 |
| Price / free cash flow | 16.6 | 20.4 | 23.5 | — | 17.6 | 8.0 | 28.9 | 13.1 | 10.7 | 718.8 |
| Price / operating cash flow | 13.6 | 15.6 | 15.8 | 39.3 | 14.4 | 7.0 | 17.7 | 9.6 | 8.6 | 21.4 |
| EV / sales | 0.7 | 0.6 | 0.6 | 0.5 | 0.8 | 0.6 | 1.1 | 0.7 | 1.0 | 0.9 |
| EV / EBITDA | 14.2 | 12.9 | 12.9 | 8.7 | 11.9 | 11.1 | 9.8 | 6.8 | 10.2 | 9.2 |
| EV / free cash flow | 19.4 | 24.6 | 30.4 | — | 20.2 | 10.7 | 36.6 | 14.4 | 12.0 | 967.1 |
| Earnings yield | 4.9% | 4.5% | 2.5% | 8.3% | 6.9% | 5.2% | 6.3% | 8.3% | 4.1% | 6.9% |
| Free cash flow yield | 6.0% | 4.9% | 4.3% | −0.1% | 5.7% | 12.4% | 3.5% | 7.6% | 9.4% | 0.1% |
| Dividend yield | — | — | 0.0% | 0.3% | 0.0% | 0.0% | 0.5% | 0.7% | 0.5% | 0.6% |
| Shareholder yield (dividends + buybacks) | 1.5% | 0.9% | 1.0% | 9.0% | 2.8% | 1.6% | 0.7% | 0.9% | 0.6% | 0.8% |
| Share price at fiscal year-end | $336.47 | $253.14 | $188.87 | $159.37 | $269.34 | $148.37 | $174.09 | $126.60 | $148.93 | $101.04 |
| Per share | ||||||||||
| Revenue per share | $540.56 | $484.43 | $429.94 | $422.81 | $371.93 | $317.32 | $204.06 | $197.89 | $174.12 | $151.79 |
| Earnings per share | $16.40 | $11.30 | $4.67 | $13.26 | $18.47 | $7.70 | $10.89 | $10.55 | $6.04 | $6.99 |
| Operating cash flow per share | $24.72 | $16.23 | $11.92 | $4.05 | $18.67 | $21.32 | $9.84 | $13.15 | $17.25 | $4.71 |
| Free cash flow per share | $20.25 | $12.40 | $8.05 | −$0.12 | $15.30 | $18.46 | $6.02 | $9.63 | $13.94 | $0.14 |
| Cash per share | $12.40 | $8.61 | $8.49 | $10.52 | $11.40 | $10.98 | $9.19 | $10.47 | $5.86 | $5.68 |
| Book value per share | $155.30 | $139.99 | $130.34 | $122.03 | $118.78 | $105.60 | $104.12 | $81.31 | $71.79 | $61.27 |
| Tangible book value per share | $44.06 | $29.69 | $19.08 | $12.86 | $13.18 | $11.79 | $5.44 | $15.24 | $5.92 | −$1.86 |
| Dividends per share | — | — | $0.00 | $0.41 | $0.00 | $0.00 | $0.87 | $0.82 | $0.72 | $0.65 |
| Capex per share | $4.46 | $3.83 | $3.87 | $4.17 | $3.38 | $2.86 | $3.82 | $3.52 | $3.31 | $4.75 |
| Debt per share | $69.64 | $60.89 | $64.55 | $63.60 | $50.32 | $59.36 | $55.29 | $22.25 | $23.54 | $40.58 |
| Shares outstanding | 48.3M | 48.4M | 48.3M | 49.3M | 52.1M | 52.3M | 49.2M | 45.9M | 45.8M | 45.5M |
| Change in shares outstanding | −0.1% | +0.2% | −2.1% | −5.2% | −0.4% | +6.4% | +7.0% | +0.4% | +0.5% | +0.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 11.1% | 8.4% | 3.7% | 10.7% | 16.4% | 7.6% | 12.1% | 13.8% | 9.1% | 11.6% |
| Return on invested capital (ROIC) | 9.7% | 7.6% | 5.9% | 8.2% | 10.1% | 5.8% | 9.5% | 11.8% | 6.7% | 8.9% |
| Return on assets (ROA) | 4.6% | 3.3% | 1.4% | 4.2% | 6.4% | 2.9% | 4.5% | 5.4% | 3.5% | 4.6% |
| Return on tangible assets | 6.4% | 4.8% | 2.1% | 6.4% | 9.6% | 4.3% | 6.1% | 6.9% | 5.5% | 6.7% |
| Free cash flow margin | 3.7% | 2.6% | 1.9% | −0.0% | 4.1% | 5.8% | 3.0% | 4.9% | 8.0% | 0.1% |
| Income quality (OCF / net income) | 1.51 | 1.44 | 2.55 | 0.31 | 1.01 | 2.77 | 0.90 | 1.25 | 2.86 | 0.67 |
| Financial health | ||||||||||
| Total debt | $3.36B | $2.95B | $3.12B | $3.14B | $2.62B | $3.10B | $2.72B | $1.02B | $1.08B | $1.85B |
| Cash & short-term investments | $599.1M | $416.3M | $410.0M | $519.3M | $593.7M | $574.3M | $451.9M | $480.9M | $268.0M | $258.5M |
| Net debt | $2.77B | $2.53B | $2.71B | $2.62B | $2.03B | $2.53B | $2.27B | $541.2M | $809.2M | $1.59B |
| Debt / equity | 0.45 | 0.43 | 0.50 | 0.52 | 0.42 | 0.56 | 0.53 | 0.27 | 0.33 | 0.66 |
| Debt / assets | 0.19 | 0.18 | 0.19 | 0.20 | 0.17 | 0.22 | 0.20 | 0.10 | 0.13 | 0.24 |
| Net debt / EBITDA | 2.06 | 2.20 | 2.96 | 2.18 | 1.51 | 2.73 | 2.06 | 0.58 | 1.09 | 2.36 |
| Current ratio | 7.49 | 1.05 | 1.06 | 1.11 | 0.98 | 1.05 | 1.07 | 1.09 | 1.05 | 1.11 |
| Quick ratio | 7.49 | 1.05 | 1.06 | 1.68 | 0.98 | 1.05 | 1.07 | 1.09 | 1.05 | 1.11 |
| Interest coverage | 10.9 | 6.3 | 4.3 | 11.5 | 26.0 | 10.6 | 12.7 | 13.8 | 9.7 | 10.1 |
| Working capital | $6.61B | $334.0M | $410.9M | $657.6M | −$98.8M | $325.9M | $378.4M | $444.2M | $144.9M | $333.4M |
| Invested capital | $10.27B | $9.30B | $9.00B | $8.64B | $8.21B | $8.05B | $7.38B | $4.28B | $4.09B | $4.38B |
| Tangible asset value | $2.25B | $1.56B | $1.04B | $763.0M | $922.6M | $713.3M | $362.5M | $699.8M | $270.8M | −$52.8M |
| Net current asset value | −$2.55B | −$2.39B | −$2.80B | −$2.87B | −$2.70B | −$2.25B | −$2.59B | −$1.08B | −$1.37B | −$1.51B |
| Graham number | $239.35 | $188.69 | $117.00 | $190.84 | $222.16 | $135.25 | $159.73 | $138.91 | $98.78 | $98.16 |
| Graham net-net per share | −$89.16 | −$156.83 | −$153.65 | −$176.75 | −$129.24 | −$128.11 | −$126.78 | −$54.59 | −$51.13 | −$69.11 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $0 | $20.4M | $0 | $0 | $42.7M | $37.8M | $33.1M | $29.4M |
| Share buybacks (net) | $251.1M | $112.5M | $92.2M | $688.4M | $395.8M | $123.5M | $13.6M | $12.4M | $6.6M | $7.0M |
| Dividend payout ratio | — | — | 0.0% | 3.1% | 0.0% | 0.0% | 8.0% | 7.8% | 12.0% | 9.2% |
| Dividends + buybacks / free cash flow | 25.7% | 18.8% | 23.7% | — | 49.7% | 12.8% | 19.0% | 11.4% | 6.2% | 568.8% |
| Capex / revenue | 0.8% | 0.8% | 0.9% | 1.0% | 0.9% | 0.9% | 1.9% | 1.8% | 1.9% | 3.1% |
| Capex / operating cash flow | 18.1% | 23.6% | 32.5% | 103.0% | 18.1% | 13.4% | 38.8% | 26.8% | 19.2% | 100.8% |
| Capex / depreciation | 0.85 | 0.73 | 0.78 | 0.90 | 0.81 | 0.66 | 0.93 | 0.87 | 0.91 | 1.52 |
| Stock-based compensation / revenue | 0.4% | 0.4% | 0.4% | 0.4% | 0.5% | 0.5% | 0.7% | 0.3% | 0.3% | 0.4% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 48.9% | 46.9% | 48.5% | 48.0% | 50.1% | 48.1% | 57.9% | 57.3% | 58.0% | 58.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 66.5 | 38.3 | 43.4 | 42.5 | 40.0 | 47.0 | 123.2 | 145.2 | 107.7 | 91.4 |
| Days of inventory on hand | — | — | — | -126.9 | — | 0.0 | — | — | — | — |
| Days payables outstanding | 1,964.2 | 44.1 | 47.9 | 47.3 | 53.6 | 57.8 | 149.4 | 223.4 | 301.0 | 316.0 |
| Cash conversion cycle (days) | -1,897.7 | -5.8 | -4.4 | -131.7 | -13.6 | -10.8 | -26.2 | -78.2 | -193.4 | -235.8 |
| Receivables turnover | 5.49 | 9.52 | 8.40 | 8.59 | 9.12 | 7.77 | 2.96 | 2.51 | 3.39 | 3.99 |
| Payables turnover | 0.19 | 8.27 | 7.62 | 7.72 | 6.81 | 6.31 | 2.44 | 1.63 | 1.21 | 1.15 |
| Inventory turnover | — | — | — | — | — | 7,953,900,000.00 | — | — | — | — |
| Asset turnover | 1.51 | 1.43 | 1.31 | 1.34 | 1.30 | 1.19 | 0.85 | 1.01 | 1.02 | 1.00 |
| Average receivables | $4.76B | $2.46B | $2.47B | $2.43B | $2.12B | $2.13B | $3.39B | $3.62B | $2.35B | $1.73B |
| Average payables | $1.36B | $1.36B | $1.32B | $1.25B | $1.25B | $1.26B | $1.28B | $1.81B | $2.15B | $1.91B |
| Average inventory | — | — | — | −$3.36B | — | $1 | — | — | $0 | −$67.6M |
| Intangibles / total assets | 30.2% | 31.8% | 33.4% | 34.5% | 35.5% | 34.3% | 35.5% | 30.3% | 37.6% | 37.7% |
Computed from JLL's annual financial statements (latest annual report filed February 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
JLL valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Jones Lang LaSalle traded at 20.5 times earnings, against a 10-year median of 17.6. Based on the latest twelve months, the trailing P/E is 14.7 and the forward P/E is 10.4. Jones Lang LaSalle earned a return on equity of 11.1% and a return on invested capital of 9.7% in fiscal 2025. It ended the year with $3.4 billion of debt and $599.1 million in cash and short-term investments, net debt of $2.8 billion. It returned $251.1 million to shareholders: $0 in dividends and $251.1 million in share buybacks, 26% of free cash flow. The share count rose 6.1% from 45.5M to 48.3M over 9 years.
See the JLL income statement, the JLL chart for price history, or the JLL stock overview for the latest quote and news.
JLL key metrics FAQ
What is Jones Lang LaSalle's P/E ratio?
Jones Lang LaSalle's trailing P/E ratio is 14.7 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 10.4. At the end of fiscal 2025 it was 20.5, compared with a 10-year median of 17.6.
What is Jones Lang LaSalle's EV/EBITDA?
Jones Lang LaSalle's enterprise value was 14.2 times EBITDA at the end of fiscal 2025 (enterprise value $19.0 billion, EBITDA $1.3 billion); the current EV/EBITDA is 11.6.
What is Jones Lang LaSalle's return on equity?
Jones Lang LaSalle's return on equity (ROE) was 11.1% in fiscal 2025: net income of $792.1 million on average shareholders' equity of $7.1 billion.
What is Jones Lang LaSalle's ROIC?
Jones Lang LaSalle's return on invested capital was 9.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Jones Lang LaSalle have?
Jones Lang LaSalle had total debt of $3.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.45 and $2.8 billion of net debt (2.06 times EBITDA).
Does Jones Lang LaSalle buy back its shares?
Yes. Jones Lang LaSalle spent $251.1 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.1% over the year, to 48.3M..
What is Jones Lang LaSalle's free cash flow yield?
Jones Lang LaSalle generated $978.5 million of free cash flow in fiscal 2025, a free cash flow yield of 6.0% on its market value at year-end ($16.3 billion).
What is Jones Lang LaSalle's current ratio?
Jones Lang LaSalle's current ratio was 7.49 at the end of fiscal 2025: current assets were 7.49 times current liabilities.