What is Prologis, Inc. (PLD) DCF Fair Value and Intrinsic Value in 2026?

Prologis, Inc. (PLD) intrinsic value is calculated using conservative multi-stage Discounted Cash Flow (DCF) models, 5-year free cash flow trajectories, Graham Numbers, and owner earnings multiples. LocalAlpha tracks real-time margin of safety against live market prices.

What is Prologis, Inc.'s historical Return on Invested Capital (ROIC) and Moat Rating?

Prologis, Inc. operates in the Real Estate sector (REIT - Industrial) with an economic moat rating of NARROW. LocalAlpha tracks 5-year audited quarterly ROIC, operating margin stability, and balance sheet solvency ratios.

What is Prologis, Inc.'s financial health rating and Piotroski F-Score?

Prologis, Inc.'s balance sheet quality is evaluated using the 9-point Piotroski F-Score, Altman Z-Score solvency model, debt-to-equity ratio, and quick/current liquidity coverage to guard against financial distress.

How does LocalAlpha monitor Prologis, Inc. (PLD) for quarterly SEC filing thesis breaks?

LocalAlpha audits Prologis, Inc.'s 10-K, 10-Q, and 8-K regulatory filings on SEC EDGAR within 15 minutes of release. If reported metrics breach an investor's custom ROIC floor, operating margin boundary, or qualitative risk criteria, an autonomous breach audit is dispatched immediately.

StocksPLD

PLD

Prologis, Inc.Real Estate / REIT - IndustrialINTACT

Prologis, Inc. don't just lead the industry, they define it. The firm creates the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, their ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of onenot just shaping the future of logistics but building what comes next. Prologis, Inc. was established in 1983 and is incorporated in Maryland.

Share Price

$135.75

52W: $111.03 - $153.35

DCF Fair Value

$144.53

+6.1%

Thesis Hub

P/E (TTM)

30.2x

ROIC

32.3%

Operating Margin

43%

FCF Yield

4.1%

Debt / Equity

0.64x

Piotroski Score

6/9

Altman Z-Score

2.95

Market Cap

$132B

Price vs. Intrinsic Value Corridor

Modest Value ($135.75 vs $144.53 DCF)

Historical market price overlaid against conservative DCF Fair Value & Benjamin Graham Margin of Safety bands.

Period Return (1Y)

—()

Period Range

$— - $—

DCF Fair Value

$144.53

MOS Buy Target (-25%)

$108.40

Valuation Overlays: DCF Fair Value ($144.53) 25% MOS Buy Target ($108.40) Revised Graham ($158.46) Graham Number ($76.23)

2-Stage Discounted Cash Flow (DCF) Workbench

Conservative intrinsic value model based on owner cash generation over a 10-year investment horizon. Opens with LocalAlpha's baseline assumptions (matching the fair value shown above) — adjust any input to stress-test.

Current Market Price

$135.75

DCF Fair Value

$144.61

+6.1%

Starting Free Cash Flow ($M)$5,407M

$100M$5,407M (Reported)$50,000M

Stage 1 Growth (Years 1-5)18.0%

-5%10% (Target)35%

Stage 2 Growth (Years 6-10)4.5%

0%5%20%

Discount Rate (WACC / Hurdle)9.0%

6%9% (Standard)15% (High Risk)

Terminal Perpetual Growth2.5%

1% (GDP Floor)2.5% (Inflation)4.0%

Net Debt ($M)$35,300M

-$100B CashBalance Sheet+$150B Debt

10-Yr PV of Cash Flows

$70.0B

PV of Terminal Value

$102.7B

Implied Enterprise Value

$172.7B

Implied Equity Value

$137.4B

Year	Yr 1	Yr 2	Yr 3	Yr 4	Yr 5	Yr 6	Yr 7	Yr 8	Yr 9	Yr 10
Projected FCF ($M)	$6,380	$7,529	$8,884	$10,483	$12,370	$12,927	$13,508	$14,116	$14,751	$15,415
Present Value (PV)	$5,853	$6,337	$6,860	$7,426	$8,040	$7,708	$7,389	$7,084	$6,792	$6,512

Benjamin Graham & Buffett Value Models

Classical deep value metrics based on asset backing, normalized earnings power, and owner cash yield.

Graham Number-78.1% Premium

$76.23

Calculated as √(22.5 × EPS × BVPS). The maximum theoretical price a defensive investor should pay based purely on asset book value and current earnings.

EPS: $4.49BVPS: $57.52

Revised Graham Formula+14.3%

$158.46

Formula: V = (EPS × (8.5 + 2g) × 4.4) / Y where g is the conservative 7-10 yr growth rate and Y is AAA Bond Yield.

Growth Rate (g%)

Bond Yield (Y%)

Buffett Owner Earnings4% Yield

$5.41 / share

True distributable cash flow: Net Income + D&A - Maintenance CapEx. Reflects the cash Buffett would extract without hurting unit volume.

Total: $5.1BYield: 4%

Reverse DCF: Market Growth Expectation

FAIR BARRIER

8.0% CAGR (Next 10 Yrs)

At the current price of $135.75, the market is assuming the business will compound Free Cash Flow at 8.0% per year for the next decade with a 9% hurdle rate.

Value Investor Verdict

ℹ Fair expectations: Requires steady execution.

Autonomous Thesis Underwriting

Surveil PLD with Mathematical Margin of Safety Rules

Set non-negotiable floor rules for Prologis, Inc.. If a newly filed quarterly 10-Q breaks your ROIC floor, operating margin boundary, or balance sheet leverage rules, receive an autonomous breach audit within 15 minutes.

Buffett Quality

ROIC > 15% • Margin > 15% • D/E < 0.5x

Margin Floor Guard

Current Margin 43% • Floor > 10%

Solvency Guard

Altman-Z > 2.6 • Current Ratio > 1.5x

Track PLD & Set Alerts Browse S&P 500 Coverage

Frequently Asked Questions: Prologis, Inc. (PLD) Intrinsic Valuation

Audited fundamentals, DCF intrinsic value sensitivity, and thesis break detection parameters for Prologis, Inc..

Based on institutional multi-stage Discounted Cash Flow (DCF) modeling on audited SEC cash flows, Prologis, Inc. has an estimated DCF intrinsic fair value of $144.53 per share compared to its current market price of $135.75. This represents an estimated 6.1% margin of safety (trading below fair value). Additionally, its classic Benjamin Graham Number stands at $76.23.