JBG SMITH Properties (JBGS) Fair Value 2026

JBGS · REIT - Diversified ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

5.5 /10

32 fundamental signals · 5 models active

Value Trap Risk

WARN (44/100)

Quick Summary — As of 2026-08-28, JBG SMITH Properties (JBGS) trades at $12.08, versus a $13.35 median fair value across its 5 active models — 10.5% above the current price. QOC: 5.5/10. Value Trap Risk: 44/100 (WARN). 5/13 models active.

Key Facts

Ticker
JBGS
Price
$12.08
Quality Score
5.5/10
Value Trap Risk
44/100
Models Active
5/13
Last Updated
Strength: CUCE Ensemble suggests +10.5% upside with 3% confidence
Risk: Value Trap score of 44 suggests caution despite apparent undervaluation

Is JBG SMITH Properties (JBGS) Undervalued or Overvalued in 2026?

According to CirclFi’s 5-model valuation engine, JBG SMITH Properties (JBGS) appears undervalued as of : the median of 5 independent fair value estimates is $13.35, 10.5% above the current price of $12.08. Estimates range from $1.19 to $46.19. JBGS scores 5.5/10 on fundamental quality and 44/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.4% versus its own 13-model consensus, across 3,809 rated companies as of 2026-08-28. JBGS’s +10.5% gap is narrower than that market norm, and the REIT - Diversified sector median is -20.6%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy JBG SMITH Properties Stock in 2026? →

What Fair Value Does Each Model Give JBGS?

5 Intrinsic Value Models vs. Current Price ($12.08)

Core Models (Unlocked)
Model Fair Value Upside
Ensemble · Low Conviction
 $13.35 +10.5%
Intrinsic · High Conviction
 $1.19 -90.1%
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What Is JBGS's Fair Value Range?

Spread across 5 independent models · $1.19 to $46.19

CirclFi's 5 active models place JBG SMITH Properties (JBGS) between $1.19 and $46.19 per share, a spread of 337% of the median. The median of that range — $13.35 — is the fair value CirclFi publishes for JBGS, against a current price of $12.08.

Low · ML-RIVHigh · PWERM
$1.19median $13.35$46.19
Where the range comes from
Most bearish modelML Residual Income$1.19
Most bullish modelPWERM$46.19
Model agreement3 bullish · 2 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for JBGS. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on JBGS, not a CirclFi price target. How each model works →

What Is JBG SMITH Properties (JBGS) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, our multi-model framework produces a cautiously optimistic read on JBG SMITH Properties at $12.08. With an estimated intrinsic value of $13.35 and 3 of 5 models pointing higher, the median implied return is +10.5%. The most optimistic model, PWERM, places fair value at $46.19 (+282.4%), while ML-RIV — the most conservative — estimates $1.19 (-90.1%). This +372.5% gap reflects genuine analytical uncertainty about JBG SMITH Properties's intrinsic worth.

What Do the Models Say About JBGS?

5 of 13 models are currently active for JBGS. Of these, 3 models suggest upside while 2 models suggest overvaluation. Taken together, their median fair value for JBGS is $13.35 — the figure CirclFi publishes as this stock's fair value. See which stocks rank higher →

How Does JBGS Rank in REIT - Diversified?

Among 18 REIT - Diversified stocks, JBGS ranks #15 by Quality of Company score. CirclFi's QOC score of 5.5/10 evaluates 32 fundamental signals. A score of 5.5 reflects mixed fundamentals.

JBG SMITH Properties's positioning within the REIT - Diversified segment means that occupancy rate plays an outsized role in fundamental analysis. The sector's unique characteristics — including portfolio repositioning — shape both the opportunity set and risk profile.

Is JBGS a Value Trap?

CirclFi's Value Trap algorithm assigns JBGS a score of 44/100 (WARN). This is a warning signal. Additional research into recent 10-Q filings is recommended. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

5 of 13 models are active for JBG SMITH Properties. Limited activation may indicate insufficient history. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Quality of Company (QOC) framework, JBG SMITH Properties earns a quality score of 5.5/10. This respectable rating reflects the company's standing across 32 fundamental signals spanning profitability, growth consistency, balance sheet strength, and capital allocation efficiency. Our Value Trap detector shows moderate caution signals worth monitoring.

The gap between the most bullish and bearish model spans +372.5% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every JBGS valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across JBGS's 5 active models, average confidence is 32%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy JBG SMITH Properties Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar REIT - Diversified Stocks Should You Also Analyze?

10 related REIT - Diversified stocks with 13-model coverage

NXDTNexPoint Diversified Real Estate TrustQOC 5.6MKZRMacKenzie Realty Capital, Inc.QOC 5.1GNLGlobal Net Lease, Inc.QOC 6.3FVRFrontView REIT, Inc.QOC 5.0SQFTPresidio Property Trust, Inc.QOC 6.4GIPRGeneration Income Properties, Inc.QOC 4.6VICIVICI Properties Inc.QOC 8.6GOODGladstone Commercial CorporationQOC 7.4CMRFCIM Group, Inc.QOC 7.1AATAmerican Assets Trust, Inc.QOC 7.7

Read investment analysis: NXDT · MKZR · GNL · FVR · SQFT · GIPR · VICI · GOOD · CMRF · AAT

Which Other Stocks Have a Similar Quality Score to JBGS?

7 companies across all industries closest to JBGS’s Quality of Company score of 5.5/10.

ZNOGZion Oil & Gas, Inc.QOC 5.5TOFBTofutti Brands Inc.QOC 5.5VRAVera Bradley, Inc.QOC 5.5BALYBally's CorporationQOC 5.5ASPSAltisource Portfolio Solutions S.A.QOC 5.5FBYDFalcon's Beyond Global, Inc.QOC 5.5NVDANVIDIA CorporationQOC 10.0

Read investment analysis: ZNOG · TOFB · VRA · BALY · ASPS · FBYD · NVDA

What Else Do Investors Ask About JBG SMITH Properties’s Valuation?

What is JBG SMITH Properties's intrinsic value in 2026?

CirclFi puts JBG SMITH Properties (JBGS)'s intrinsic value at $13.35 — the median of 5 independent model estimates as of 2026-08-28, ranging from $1.19 to $46.19. The Quality of Company score is 5.5/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is JBGS overvalued or undervalued right now?

At $12.08, 3 of 5 active models suggest JBGS may be undervalued, while 2 indicate potential overvaluation. The median of all 5 fair value estimates is $13.35, 10.5% above the current price of $12.08 — a consensus view that JBGS is undervalued. The assessment depends on which methodology best fits JBG SMITH Properties's business model in REIT - Diversified.

What does a Quality of Company score of 5.5 mean for JBGS?

JBG SMITH Properties's QOC of 5.5/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores between 5-7 reflect moderate fundamentals with areas for improvement.

How many valuation models does CirclFi run on JBGS?

CirclFi analyzes JBGS with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 5 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on JBGS?

Of the 5 models currently active on JBGS, PWERM is the most bullish at $46.19 per share, and ML Residual Income is the most bearish at $1.19. CirclFi's published fair value for JBGS is the median of that range, $13.35, not either extreme. The gap between the two ends equals 337% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is JBGS a value trap in 2026?

JBG SMITH Properties's Value Trap score is 44/100 (WARN). This elevated score suggests the stock may look undervalued but faces deteriorating fundamentals — declining margins, rising debt, or shrinking revenue could make the apparent discount deceptive. Browse our ranked stock lists to compare value-trap scores across industries.

Cite this analysis — “According to CirclFi’s 5-model valuation engine, JBG SMITH Properties (JBGS) has a median fair value of $13.35 — 10.5% above the current price of $12.08 — as of 2026-08-28.” Source: circlfi.com/stock/JBGS/ · Methodology
Primary sources for this JBGS valuation
  • Financial statements: JBG SMITH Properties 10-K and 10-Q filings on SEC EDGAR (CIK 0001689796) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for JBGS as of ; valuations recomputed .

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