Jones Lang Lasalle (JLL) AI Stock Analysis

• Market Cap: $12.02B
• Dividend Yield: N/A
• Average Volume (3M): 452.50K
• Price to Earnings (P/E): 22.9
• Beta (1Y): 1.39
• Revenue Growth: 13.63%
• EPS Growth: 78.40%
• Country: US
• Employees: 112,100
• Sector: Real Estate
• Sector Strength: 60
• Industry: Real Estate - Services
• EPS (TTM): 2.31
• Shares Outstanding: 47,473,980
• 10 Day Avg. Volume: 382,877
• 30 Day Avg. Volume: 452,501
• PEG Ratio: -11.04
• Price to Book (P/B): 1.65
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 17.74
• Enterprise Value/Market Cap: 1.21
• Enterprise Value/Revenue: 0.16
• Enterprise Value/Gross Profit: 0.69
• Enterprise Value/Ebitda: 3.33
• 1Y Price Target: $281.00
• Price Target Upside: 10.86% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 77 Outperform
• Price Target: $287.00 ▲(13.22%Upside)

Jones Lang Lasalle's strong financial performance and strategic growth in key segments lead to a favorable stock score. While technical indicators and valuation suggest moderate potential, the company's resilience amidst macroeconomic uncertainties supports its robust long-term outlook. Leadership changes further strengthen the company's strategic positioning.

Positive Factors

Earnings

JLL reported very strong first-quarter results with gross revenue up 13% year-over-year in constant currency, exceeding both internal estimates and consensus.

Industry Trends

Management believes there are several industry trends that will serve as long-term growth drivers, including growing propensity to outsource real estate services and increased urbanization.

Market Position

JLL appears to be gaining market share with impressive growth in transactional revenue.

Negative Factors

Interest Rates

The recent rise in interest rates could begin to weigh on activity.

Macro Uncertainty

Decision-making may be delayed some due to increased macro uncertainty.

Price Target

Decreasing the target price to $240 from $275.

Jones Lang Lasalle Business Overview & Revenue Model

Company Description

Jones Lang LaSalle Incorporated, a professional services company, provides real estate and investment management services in Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers a range of real estate services, including agency leasing and tenant representation services; and capital market services, such as debt advisory, loan sales, equity advisory, loan servicing, merger and acquisition, corporate advisory, and investment sales and advisory services. It also provides on-site management services for office, industrial, retail, multifamily residential, and specialty properties; integrated facilities management services; designing, building, management, and consulting services to tenants of leased space, owners in self-occupied buildings, and owners of real estate investments; and advisory, consulting, valuation, and energy and sustainability services. In addition, the company offers investment management services to institutional and retail investors, including high-net-worth individuals. It provides its services to real estate owners, occupiers, investors, and developers for various property types, including cultural, educational, government, healthcare, laboratory, hotel, hospitality, and sports facilities; industrial and warehouse, office, and residential properties; retail and shopping malls; critical environment, data, transportation, and sort and fulfillment centers; infrastructure projects; and military housings. The company was formerly known as LaSalle Partners Incorporated and changed its name to Jones Lang LaSalle Incorporated in March 1999. Jones Lang LaSalle Incorporated was incorporated in 1997 and is headquartered in Chicago, Illinois.

How the Company Makes Money

JLL generates revenue through multiple streams, primarily by offering a wide array of real estate-related services. The company's primary revenue sources include property and facility management fees, leasing commissions, and advisory service fees, which encompass consultancy and valuations. Additionally, JLL earns income from project and development services, where it oversees construction and refurbishment projects for clients. Another significant revenue stream comes from LaSalle Investment Management, which manages real estate investments on behalf of institutional and retail clients, earning management and performance fees. Strategic partnerships and acquisitions also play a crucial role in expanding JLL's service offerings and market reach, contributing to its overall earnings.

Jones Lang Lasalle Financial Statement Overview

Summary

Jones Lang Lasalle exhibits strong financial performance with notable revenue growth and efficient cost management reflected in a high gross profit margin. While profitability margins are under slight pressure, the company's solid equity base and robust cash flow reinforce its strong position in the industry.

Income Statement

Jones Lang Lasalle shows strong financial performance with a consistent revenue growth trajectory from $20.76B in 2023 to $24.05B in TTM (Trailing-Twelve-Months) 2025. The gross profit margin is notably high at 88.06%, indicating efficient cost management. However, net profit margin decreased from 2.33% in 2023 to 2.23% in TTM 2025, suggesting slight pressure on profitability.

Balance Sheet

The company maintains a solid equity base with a debt-to-equity ratio of 0.54, reflecting prudent leverage usage. Stockholders' equity has gradually increased, supporting a healthy equity ratio of 41.11%. While the return on equity decreased from 3.58% in 2023 to 7.84% in TTM 2025, it still highlights efficient use of equity.

Cash Flow

The free cash flow has grown significantly by 64.05% from 2023 to TTM 2025, indicating robust cash generation. The operating cash flow to net income ratio of 1.54 in TTM 2025 underscores strong cash conversion efficiency. However, the free cash flow to net income ratio is slightly lower at 1.19, pointing to moderate capital expenditures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	24.05B	23.43B	20.76B	20.86B	19.37B	16.59B
Gross Profit	21.18B	23.18B	10.69B	10.85B	10.88B	8.64B
EBITDA	1.18B	1.15B	915.60M	1.20B	1.35B	927.90M
Net Income	536.00M	546.80M	225.40M	654.50M	961.60M	402.50M
Balance Sheet
Total Assets	16.63B	16.76B	16.06B	15.59B	15.51B	14.32B
Cash, Cash Equivalents and Short-Term Investments	432.40M	416.30M	410.00M	519.30M	593.70M	574.30M
Total Debt	3.68B	2.95B	3.12B	3.14B	2.62B	3.10B
Total Liabilities	9.67B	9.87B	9.65B	9.44B	9.08B	8.70B
Stockholders Equity	6.84B	6.77B	6.29B	6.02B	6.18B	5.52B
Cash Flow
Free Cash Flow	638.20M	599.80M	388.90M	-5.90M	796.50M	965.30M
Operating Cash Flow	825.00M	785.30M	575.80M	199.90M	972.40M	1.11B
Investing Cash Flow	-409.00M	-316.80M	-290.40M	-243.10M	-805.80M	-170.60M
Financing Cash Flow	-255.40M	-451.20M	-374.30M	-13.10M	-143.80M	-771.20M

Jones Lang Lasalle Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 253.48
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JLL, the sentiment is Positive. The current price of 253.48 is below the 20-day moving average (MA) of 254.23, above the 50-day MA of 239.87, and above the 200-day MA of 253.15, indicating a neutral trend. The MACD of 3.71 indicates Positive momentum. The RSI at 55.95 is Neutral, neither overbought nor oversold. The STOCH value of 44.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JLL.

Jones Lang Lasalle Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JLL	77 Outperform	$12.02B	22.90	8.16%	―	13.63%	78.40%
CBRE	76 Outperform	$41.58B	42.59	12.15%	―	13.14%	1.70%
CWK	74 Outperform	$2.59B	16.49	9.53%	―	1.24%	1205.18%
EXPI	67 Neutral	$1.55B	―	-6.44%	2.02%	6.69%	-137.52%
Sector *	63 Neutral	$6.74B	18.39	-1.93%	7.18%	4.59%	-25.63%
NMRK	60 Neutral	$2.27B	31.32	5.32%	0.94%	13.87%	90.42%

Jones Lang Lasalle Corporate Events

Jones Lang LaSalle Holds Annual Shareholder Meeting

On May 21, 2025, Jones Lang LaSalle held its Annual Meeting of Shareholders, where 95.15% of the total outstanding shares were represented. During the meeting, thirteen directors were elected for one-year terms, executive compensation was approved, the 2019 Stock Award and Incentive Plan was amended, and KPMG, LLP was ratified as the independent accounting firm for 2025.

The most recent analyst rating on (JLL) stock is a Buy with a $230.00 price target. To see the full list of analyst forecasts on Jones Lang Lasalle stock, see the JLL Stock Forecast page.

JLL Announces Leadership Changes Effective July 2025

On May 7, 2025, JLL announced significant leadership changes effective July 1, 2025. Karen Brennan, the current CFO, will become the CEO of JLL’s Leasing Advisory business globally, while Kelly Howe, who joined JLL in 2024 and has extensive experience in the professional services sector, will succeed Brennan as CFO. These appointments reflect JLL’s strategic focus on leadership excellence and are expected to drive continued value for stakeholders.