JBG SMITH Properties owns, (JBGS) Fair Value & Analysis

Real Estate · US · Market cap $859M

Below-average quality, screening 10% undervalued on our models.

What matters now

• The model range is unusually wide ($9.94 to $27.37). The outcome hinges heavily on assumptions, so read the point estimate with caution.
• Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
• As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 26, 2026.

How to read this chart

60‑month range $11.32 – $28.10 · fair‑value band $9.94 – $27.37 · the $12.16 price screens below the $13.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 26, 2026.

Full chart & analysis →

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Analysis

JBG SMITH Properties owns, (JBGS) currently trades at $12.16, while our model-based Fair Value estimate is $13.42, implying the stock looks roughly 10.4% undervalued today. The Quality Score stands at 32/100 (below-average quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, JBG SMITH Properties owns, generated revenue of $505M at a net margin of -22.2%. Revenue grew 5.9% year over year. It earns a return on equity of -7.6%. Net debt stands at $2.5B. Fundamentals as of Jul 26, 2026

Our scenario range runs from $9.94 (bear case) to $27.37 (bull case); at $12.16, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 48% below its 52-week high, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -22% fair-value upside, at 10%, JBGS screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Multiples ($17.64) versus Asset-Based ($13.31). Highest evidence: EV/EBITDA (54).

Key figures & financial health

Quality Score breakdown

About the company

JBG SMITH Properties owns, operates, and develops mixed-use properties concentrated in amenity-rich, Metro-served submarkets. The markets are in and around Washington, DC, most notably National Landing, where through our focus on placemaking, they cultivate vibrant, highly amenitized, walkable neighborhoods.

Full company description

JBG SMITH Properties owns, operates, and develops mixed-use properties concentrated in amenity-rich, Metro-served submarkets. The markets are in and around Washington, DC, most notably National Landing, where through our focus on placemaking, they cultivate vibrant, highly amenitized, walkable neighborhoods. JBG SMITH Properties has a portfolio comprised of 12.0 million square feet at share of multifamily, office, and retail assets, and a 3.6 million square-foot development pipeline. JBG SMITH Properties was incorporated in 2016 and is based in Bethesda, United States.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

JBG SMITH Properties owns, reported revenue of $499M in FY2025 versus $634M in FY2021, a compound −5.8%/yr. Reported net income was −$139M in FY2025.

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Peer Group

REIT - Diversified · 165 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs REIT - Diversified median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.