JLL

Of course. Here is a comprehensive analysis of whether JLL is worth buying.

Based on the technical and fundamental data, JLL presents a compelling but high-risk growth story. Technically, the stock has experienced a powerful rally, climbing over 20% in three months and now trades near its 52-week high. While this shows strong momentum, it also suggests the stock may be overbought and vulnerable to a short-term pullback, especially given its high volatility.

Fundamentally, the picture is stronger. The company is demonstrating solid operational improvement, with revenue growth and a significant expansion in profitability. Its financial health is sound, with moderate debt and strong cash flow generation. The valuation is mixed; while the stock looks expensive based on current earnings, its very low PEG ratio indicates the market may be undervaluing its future growth potential relative to the price.

Buy Recommendation:

JLL is a buy for growth-oriented investors who can tolerate above-average volatility. The company's improved profitability and efficient operations provide a solid foundation, while the low PEG ratio suggests the stock is undervalued based on its growth trajectory. Investors should be prepared for potential short-term price swings but may be rewarded by the company's execution in the commercial real estate services sector.

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Of course. Here is a 12-month outlook for JLL:

12-Month Outlook for JLL

The outlook for JLL is cautiously optimistic, driven by its solid operational execution and potential for market share gains in a stabilizing commercial real estate environment. Key catalysts include the anticipated bottoming of the interest rate cycle, which could unlock transaction volumes, and the company's strong positioning in high-margin service lines like Project and Development Management.

Primary risks remain the persistence of high interest rates, which would continue to suppress property sales and valuations, and a potential economic slowdown impacting corporate real estate demand. The stock's recent strong rally also poses a risk of a near-term pullback as it may be overbought.

Given the mixed valuation signals but strong fundamentals, a reasonable 12-month target range would be $380 - $420, contingent on a clearer path for interest rate cuts and sustained corporate earnings.

Wall Street Consensus

Most Wall Street analysts are optimistic about JLL's 12-month outlook, with consensus target around $339.78, indicating expected upside potential.

Overall, JLL has investment potential but also faces challenges. Here are key factors to weigh before investing.

Of course, here is the technical analysis of JLL's price performance based on the data provided.

1. Overall Assessment JLL has demonstrated exceptionally strong bullish momentum over the last three months, significantly outperforming the broader market during this period.

2. Short-term Performance The stock's recent 1-month gain of 2.38% is positive, but it pales in comparison to the substantial 20.06% surge over three months, indicating the bulk of its powerful rally occurred slightly earlier. This three-month performance outperformed the market by a notable 16.69%, confirming strong relative strength. The stock's high beta of 1.427 signifies it has been considerably more volatile than the market, which is evident in these large price swings.

3. Current Position With a current price of $345.67, JLL is trading near the top of its 52-week range ($194.36 - $356.57), specifically above the 90th percentile. This proximity to the 52-week high, coupled with the recent massive rally, suggests the stock is in an overbought condition and may be susceptible to a pullback or consolidation, especially considering its maximum drawdown of -28.16% over the past year illustrates its potential for significant corrections.

JLL's revenue grew sequentially from $6.25 billion to $6.51 billion in Q3 2025, demonstrating positive momentum. Profitability improved significantly with net income doubling to $222.8 million and net margin expanding from 1.8% to 3.4%, driven by better operating leverage as gross margin held steady above 51%.

Financially, JLL maintains moderate leverage with a debt-to-equity ratio of 0.49 and conservative long-term debt capitalization of just 12%. The company's cash conversion cycle remains negative at -1.9 days, indicating efficient working capital management, while interest coverage of 9.4x provides ample safety.

Operational efficiency shows mixed results, with ROE improving to 3.1% but remaining modest. Asset turnover of 0.38 suggests moderate capital efficiency, though receivables turnover of 2.8 indicates reasonable collection periods. The company generates strong operating cash flow per share of $12.77, supporting operational flexibility.

Valuation Level

JLL appears moderately valued based on traditional metrics. The trailing P/E of 26.16 is elevated, but the forward P/E of approximately 16.2 suggests expected earnings growth, bringing it closer to a reasonable level. The stock shows a compelling value based on its sales, with a low PS ratio of 0.65, and a PEG ratio significantly below 1 at 0.16, which strongly indicates undervaluation when considering its growth prospects. However, the very high EV/EBITDA of 44.36 is a notable concern, pointing to expensive valuation on a cash flow basis, creating a mixed overall picture.

Peer Comparison

A direct comparison to industry averages is not possible due to the unavailability of specific data. Nevertheless, the forward-looking metrics suggest JLL may be competitively positioned. The forward P/E of 16.2 is likely reasonable for a global Commercial Real Estate Services firm, which typically trades at a moderate multiple. The exceptionally low PEG ratio implies its growth rate is not fully priced in, potentially offering a relative advantage if peers have higher PEG ratios, though this cannot be confirmed without industry benchmarks.

JLL exhibits significant volatility risk, with a beta of 1.43 indicating the stock is approximately 43% more volatile than the broader market. This elevated beta is corroborated by a substantial one-year maximum drawdown of -28.16%, suggesting investors have experienced considerable price swings and potential capital erosion during downturns. The stock's high sensitivity to market movements makes it a riskier proposition for investors with a low tolerance for price volatility.

Regarding other risks, while minimal short interest suggests a lack of pervasive negative sentiment from sophisticated investors, the absence of reported short interest data itself could indicate lower liquidity or analyst coverage, which can be a risk. Furthermore, as a commercial real estate services firm, JLL is inherently exposed to cyclical economic risks tied to property markets, interest rates, and corporate expansion/contraction, which are not fully captured by these quantitative metrics.