CBRE is the world's largest commercial real estate services and investment firm, providing brokerage, leasing, facilities and project management, valuation, mortgage services, and investment management to occupiers and investors across every major property type.
It is a $37.9B real estate company. Revenue grew 14.5% over the last year, it keeps 3¢ of every dollar of sales as profit, and its net debt equals ~3.4 years of free cash flow. It trades at 29.1× earnings — around the middle of its own history.
- Website
- cbre.com
- Location
- Dallas, TX
- Employees
- 155 000
- Sector
- Real Estate
- Founded
- 1906
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong quality; Profitability and Moat lag behind.
Valuation54
- P/E vs own history42th pct · 12/25
- FCF yield2.5% · 5/25
- P/S0.9x · 25/25
- EV/EBITDA16.4x · 12/25
Growth57
- Revenue CAGR10.0% · 12/25
- Net income CAGR-10.9% · 0/25
- EPS CAGR ~5Y11.6% · 20/25
- Fwd implied growth74.3% · 25/25
Profitability43
- ROIC9.6% · 12/25
- ROE15.2% · 20/25
- Net margin3.0% · 6/25
- Operating margin4.5% · 5/25
Health67
- Altman Z2.40 · 18/25
- Current ratio1.14 · 12/25
- Interest coverage10.1x · 25/25
- Net cash / debtD/A 10% · 12/25
Quality82
- Piotroski F7/9 · 22/25
- Beneish M-2.30 · 20/25
- FCF conversion72% · 15/25
- Margin stabilityσ 1.3% · 25/25
Moat49
- ROIC >12% years4/10 yrs · 6/25
- Median gross margin21.6% · 6/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 2.7% · 12/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2025AcquisitionCBRE announced the acquisition of Pearce Services from New Mountain Capital for $1.2 billion in cash
- FY2021FinancialBest year on record$1.84B net income
- FY2020FinancialBecame debt-freecash now exceeds total debt
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $10B$13.1B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2015AcquisitionThe company acquired Global Workplace Solutions from Johnson Controls
- 2013AcquisitionThe company acquired Norland Managed Services, a facilities, energy and project management provider in the…
- 2011MilestoneThe company changed its name to CBRE Group Inc
- 2006AcquisitionThe company's shares were added to the S&P 500 Index
- 2003AcquisitionCBRE acquired Insignia Financial Group in 2003 and returned to the public markets the following year
- 1996IPOCB Commercial returned to the public markets in 1996 through an initial public offering that raised approximately…
- 1981AcquisitionColdwell Banker was acquired by Sears
- 1919MilestoneThe name became Coldwell, Kern, Cornwall & Banker, and in 1920, Coldwell, Cornwall & Banker
- 1906FoundedTucker, Lynch & Coldwell, the earliest predecessor to CBRE, was established
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Revenue growing 14.5% year over year
- Interest covered 10.1× by operating earnings
- Piotroski F-Score 7/9 — fundamentally strong checklist
Watch-outs
- Net debt would take ~9.9 years of free cash flow to repay
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+14.5% YoY
- Profitable — makes more than it spends$1.30B TTM
- Profit growing — earnings are higher than last year-3.6% YoY
- Generates cash — cash left after running and investing$938M TTM
- Debt under control — could handle its obligations~3.4y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$37.9B market cap
- Not printing shares — share count not ballooning — you keep your slice-11.1% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 2.4 — grey
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 29.1
Peer comparisonCbre Group, Inc. vs 6 largest real estate peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| CBRE this company | $37.9B | 29.1 | +14.5% | 3.0% | Solid |
| WELL Welltower Inc. | $162.5B | 108.1 | +37.6% | 12.1% | Strained |
| PLD Prologis, Inc. | $123.1B | 29.8 | +7.3% | 45.8% | Strained |
| EQIX Equinix, Inc. | $101.2B | 66.0 | +9.6% | 15.6% | Strained |
| AMT American Tower Corporation | $84.5B | 25.0 | +14.2% | 31.1% | Strained |
| DLR Digital Realty Trust, Inc. | $66.6B | 83.0 | +17.4% | 11.8% | Strained |
| SPG Simon Property Group, Inc. | $64.7B | 14.0 | +15.0% | 66.5% | Strained |
Head-to-head: CBRE vs WELL · CBRE vs PLD · CBRE vs EQIX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/CBRE
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of CBRE on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $130.80 · market cap $37.9B.