Jones Lang Lasalle Inc. (JLL) intrinsic value & 10-year financials
Jones Lang Lasalle Inc. (JLL) has a Graham intrinsic value of $402.12 per share. At $305.51 on Oct 17, 2026, the stock trades 24% below that value. Over the last 10 fiscal years revenue grew 16.1% a year to $26.1B, with an average return on invested capital of 11.0%.
- Graham intrinsic value
- $402.12
- Share price (Oct 17, 2026)
- $305.51
- Price vs Graham value
- 24% below
- Market cap
- $14.8B
- Revenue (FY2025)
- $26.1B
- Revenue growth (10-yr CAGR)
- 16.1%
- ROIC (10-yr avg)
- 11.0%
- Free cash flow (FY2025)
- —
JLL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $26.1B | $792.1M | $16.40 | — | 4.2% | 11.7% |
| FY2024 | $23.4B | $546.8M | $11.30 | — | 3.7% | 9.8% |
| FY2023 | $20.8B | $225.4M | $4.67 | — | 2.8% | 7.9% |
| FY2022 | $20.9B | $654.5M | $13.27 | — | 4.2% | 10.3% |
| FY2021 | $19.4B | $961.6M | $18.47 | — | 5.4% | 13.4% |
| FY2020 | $16.6B | $402.5M | $7.70 | — | 3.4% | 7.9% |
| FY2019 | $18.0B | $535.3M | $10.87 | — | 4.0% | 12.6% |
| FY2018 | $16.3B | $484.5M | $10.54 | $557.0M | 4.3% | 15.6% |
| FY2017 | $7.9B | $254.2M | $5.55 | $786.9M | 6.8% | 9.0% |
| FY2016 | $6.8B | $318.2M | $6.98 | $114.7M | 6.5% | 11.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
JONES LANG LASALLE INC is a consistent compounder, expanding top-line revenue at 16.1% annually over the past decade.
JONES LANG LASALLE INC returns on capital have been average, hovering around 11.0% ROIC over the decade.
Over the decade, JONES LANG LASALLE INC shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, JONES LANG LASALLE INC is modeled at 10.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $402.12 per share.