Using the PEG framework with analyst consensus forward EPS growth of 11.0% plus 3.1% dividend yield, Prologis, Inc. has a fair value of $36.65 based on NTM EPS (FY2026) of $3.35. The current PEG ratio is 3.53.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
PEG tends to undervalue slow growers — consider dividend yield and asset value instead.
| EPS Growth RateForward | 7.8% |
| Dividend Yield | +3.1% |
| Adjusted Growth (clamped 8–25%) | 11.0% |
| Fair P/E | 11.0x |
| NTM EPS (FY2026) | $3.35 |
| Fair Value | $36.65 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $3.54 | — | — |
| FY2026E | $3.35 | -5.5% | 7 |
| FY2027E | $3.60 | +7.5% | 7 |
| FY2028E | $3.92 | +9.0% | 4 |
| FY2029E | $4.57 | +16.6% | 3 |
| FY2030E | $5.16 | +12.9% | 3 |
5Y Forward EPS CAGR: 7.8%
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $2.9B | $3.84 | — |
| FY2022 | $3.4B | $4.13 | +7.6% |
| FY2023 | $3.1B | $3.29 | -20.3% |
| FY2024 | $3.7B | $4.01 | +21.9% |
| FY2025 | $3.4B | $3.54 | -11.7% |
4Y Historical EPS CAGR: -2.0%
The PEG Fair Value uses the Price/Earnings-to-Growth framework. A stock is fairly valued when its P/E ratio equals its earnings growth rate (PEG = 1.0). This model adds dividend yield to the growth rate per the original PEGY formula.
Growth rate priority: analyst consensus forward EPS CAGR (when ≥ 3 analysts cover the stock), falling back to historical EPS CAGR. Using EPS rather than net income avoids distortion from share buybacks. The growth rate is clamped between 8% and 25% — below 8% would undervalue stable earners, while above 25% would overvalue unsustainable spikes.