NYSE: JLL · Real Estate Services
Jones Lang LaSalle (JLL) fair value: undervalued or overvalued?
As of 31 Oct 2026, Faircurve's model values Jones Lang LaSalle (JLL) at $392.24 a share. The stock last closed at $359.79, which puts the model's fair value 9.0% above the price. On the model's bands that reads as Fairly valued.
Revalued . Price is the close of 30 Oct 2026. Jones Lang LaSalle Incorporated.
The report adds the live price, the chart against the range the options market prices, the next earnings date and the analysts' consensus. No account needed.
This week, in three parts
What happenedThe run of 31 Oct 2026 moved the fair value from $369.09 to $392.24 (+6.3%). The stock's own trading multiple rose with its price, and the fair value follows it in part: most of the move.
What the model makes of itThe price of $359.79 is 9.0% below it: Fairly valued, on a high evidence grade.
What's nextReports on 4 Nov 2026. Options expiring after the report price a move of about 6% either way. The next weekly run is on Saturday 7 Nov 2026.
What price range does the model give JLL?
The calibrated range for JLL over 63 trading days is $327.04 to $404.56. It sits around the last close, and its width comes from the volatility that JLL's own options imply (32% a year), calibrated weekly against realised prices (n = 6,661 past valuations, refreshed 31 Oct 2026). Ranges built this way held the price 60% of the time at this horizon. The fair value is the model's opinion and rides beside the range. It is not the centre of it.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $320.59 to $472.87. In 64% of the simulations the fair value came out above the price the model ran on.
Faircurve Insights · 31 Oct 2026
Jones Lang LaSalle Incorporated (JLL) operates as a leading global professional services firm, specializing in comprehensive real estate and investment management solutions.
Faircurve's model on 31 Oct 2026 found a fair value of $392.24 a share, the midpoint of 2,000 simulations. The previous run on 24 Oct 2026 gave $369.09, and the fair value moved +6.3% because the stock's own trading multiple rose with its price, and the fair value follows it in part: most of the move. The calibrated range over 63 trading days was $327.04 to $404.56. This range held the price 60% of the time at this horizon. The model graded the evidence as High.
The model's overall quality score was 67 out of 100 against comparable companies. Profitability stood out at 100, with ROIC at 12.1% against a peer median of 5.7%. Earnings quality scored 21, with FCF / net income at 1.12x compared to a peer median of 2.22x. The model compares JLL with CoStar Group, Inc. (CSGP), CBRE Group, Inc. (CBRE), Cushman & Wakefield plc (CWK), and Marcus & Millichap, Inc. (MMI).
Written from the figures on this page for the 31 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
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When does JLL report earnings, and how has the stock reacted?
Jones Lang LaSalle's next earnings report is scheduled for 4 Nov 2026. Companies can move their dates.
Options prices on 30 Oct 2026 imply a move of about 6.0% in either direction through the nearest expiry, about 20 days out, a window that includes the report. That is the size the market is pricing, not a direction. JLL's 30 day implied volatility works out to about 9.3% over one month.
On 28 Oct 2026 JLL moved 11.1% in one session, against the 2.9% a day that options had priced: 3.9 times the implied size, around an earnings report.
Around its last 8 reports: what the options market priced, and what followed
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across JLL's last 8 reports, ignoring direction, was 4.8%.
What the options market has priced for a month's move in JLL
How does JLL score on business quality?
Jones Lang LaSalle's overall quality score is 67 out of 100. Each factor below is a score against comparable companies, not a percentile of the metric beside it.
| Factor | Score (0 to 100) | Headline measure | Peer median |
|---|---|---|---|
| ProfitabilityReturn on invested capital against the peer group, with a bonus for an improving trend. | 100 | 12.1%ROIC | 5.7% |
| Earnings qualityHow much of reported profit is cash: free cash flow to net income, and the accrual ratio (the share of earnings that is not cash). | 21 | 1.12xFCF / net income | 2.22x |
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analyst estimate revisions. | 55 | 11.4%Revenue growth, trailing | 17.3% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 64 | 1.3%Net buybacks / market value | 0.4% |
| Balance sheetNet debt to EBITDA and interest coverage. | 85 | 1.00xNet debt / EBITDA | 3.73x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 71 | 0.5 ptsEBITDA margin downside volatility, 5y | 2.3 pts |
How does JLL compare with similar companies?
The companies in real estate services closest to Jones Lang LaSalle in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| CSGP CoStar Group, Inc. | $30.17 | $31.05 | +2.9% | Fairly valued |
| CBRE CBRE Group, Inc. | $128.85 | $127.77 | -0.8% | Fairly valued |
| CWK Cushman & Wakefield plc | $13.30 | $21.01 | +58.0% | Undervalued |
| MMI Marcus & Millichap, Inc. | $28.00 | $28.97 | +3.5% | Fairly valued |
What the comparable companies' multiples alone would give for JLL, the peer-implied price, is $492.99 a share on this run. The fair value weighs that against the company's own multiple.
Jones Lang LaSalle at a glance
Jones Lang LaSalle Incorporated (JLL) operates as a leading global professional services firm, specializing in comprehensive real estate and investment management solutions.
- Market value
- $16.4B
- Sector
- Real Estate
- Industry
- Real Estate Services
- Revenue expected, next twelve months
- $30.6B
- Consensus revenue growth, next fiscal year
- +10.9%
- Analysts with estimates
- 5
- Beta to the US market
- 0.73
- First valued by Faircurve
- 11 Jul 2026
At the close of 30 Oct 2026, 55.0% of the 1,085 graded US stocks the model covers traded below the model's fair value. JLL was among them.
How the fair value is worked out: the model prices Jones Lang LaSalle on the value of the whole business, debt included, against the operating profit analysts expect next year (forward EV/EBITDA), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 24 Oct 2026 the model's fair value for JLL was $369.09. As of 31 Oct 2026 it is $392.24, a change of +6.3%. The stock's own trading multiple rose with its price, and the fair value follows it in part: most of the move. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Jones Lang LaSalle's valuation
Is Jones Lang LaSalle stock undervalued or overvalued?
On Faircurve's model, JLL reads as Fairly valued as of 31 Oct 2026. The model's fair value is $392.24 a share against a last close of $359.79, a gap of +9.0%.
What is JLL's fair value?
$392.24 a share as of 31 Oct 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $320.59 to $472.87.
What price range does the model give JLL?
$327.04 to $404.56 over 63 trading days. Ranges built this way held the price 60% of the time across 6,661 past valuations, refreshed 31 Oct 2026.
When does Jones Lang LaSalle report earnings next?
The next report is scheduled for 4 Nov 2026. Companies can move their dates.
How much has JLL moved on past earnings reports?
Across its last 8 reports the median two session move was 4.8%, ignoring direction. The largest was +17.9% around the report of 28 Oct 2026.
How confident is the model in this valuation?
The model's evidence grade for JLL is high. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It is not a probability that the fair value is right, or that the price reaches it.
The model's own ideas on JLL
The model holds no idea open on JLL today. Signed-in readers see the rule each idea runs on, the floor and the exit level the model set and its time limit, and the model's closed ideas on JLL with their outcomes. A free account is enough.