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CBRE Group (CBRE) Fair Value & Analysis

Real Estate · US · Market cap $40.9B

CG CBRE Group logo CBRE Group CBRE · US
Price$151.89
Fair Value$69.47
Upside-54.3%
Quality56/100
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Healthy Growth
Thin margins · 3.1% net margin
Moderate debt · generates free cash flow
Trails peers (5/14)
Narrow moat 44/100
Evidence: High Range $40.20 – $93.77 Share as image

Fair value as of: Aug 13, 2026

From 16 valuation models · updated today

Fair value updated Aug 13, 2026, revised from $67.17 to $69.47 (+3.4%) since Jul 12, 2026. Share price +14.1% over the past month.

A solid business, but screening 54% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($93.77). The favourable scenario is already priced in.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range ($40.20 to $93.77) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

$171.61 $65.76 Fair Value $69.47 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range $65.76 – $171.61 · fair‑value band $40.20 – $93.77 · the $151.89 price screens above the $69.47 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

CBRE Group (CBRE) currently trades at $151.89, while our model-based Fair Value estimate is $69.47, implying the stock looks roughly 54.3% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, CBRE Group generated revenue of $42.2B at a net margin of 3.1%. Revenue grew 18.6% year over year. It earns a return on equity of 15.6%. Net debt stands at $8.1B. Fundamentals as of Aug 13, 2026

Our scenario range runs from $40.20 (bear case) to $93.77 (bull case); at $151.89, the current price sits above 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 13% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 15% fair-value upside, at -54%, CBRE screens richer 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.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF $43.25 $87.88 $166.10 80
Residual Income $28.77 $36.48 $100.78 76
Rev-Margin DCF $34.00 $68.06 $113.74 74
All 16 models by family
DCF Models
FCF DCF $44.14 $94.30 $185.67 38
5Y Revenue Exit $34.00 $69.07 $117.49 39
5Y EBITDA Exit $68.57 $142.82 $239.23 41
10Y Revenue Exit $35.48 $70.56 $126.23 36
10Y EBITDA Exit $60.17 $125.66 $231.58 37
Dividend Discount
Gordon GGM $0.4200 $0.8700 $1.39 70
DDM Multi-Stage $0.4200 $0.7400 $0.9200 61
Multiples
P/S Multiple $50.38 $67.17 $83.96 58
P/B Multiple $45.48 $60.64 $75.80 55
EV/EBIT $62.04 $86.34 $110.65 53
EV/EBITDA $85.87 $118.12 $150.37 54
EV/Revenue $29.33 $46.57 $63.80 43
Asset-Based
NCAV (Graham) $15.16 $20.31 $30.32 50
Growth DCF
Growth DCF $43.25 $87.88 $166.10 80
Rev-Margin DCF $34.00 $68.06 $113.74 74
Economic Profit
Residual Income $28.77 $36.48 $100.78 76

Widest divergence: DCF Models ($94.30) versus Dividend Discount ($0.7400). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $42.2B
Revenue growth (YoY) +18.6%
Net margin 3.1%
Return on equity 15.6%
Free cash flow $1.2B FY2025
P/E ratio 34.8
More key figures
Operating margin 2.7%
EPS (TTM) $4.37
EPS growth (YoY) +98.1%
Net debt $8.1B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 53 · Market factors (momentum, volatility) 45

Profitability 49
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 38
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 44
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

CBRE Group, Inc. operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The company operates through Advisory Services, Building Operations and Experience, Project Management, and Real Estate Investments segments.

Full company description

CBRE Group, Inc. operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The company operates through Advisory Services, Building Operations and Experience, Project Management, and Real Estate Investments segments. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, lease administration, accounting, investment reporting services, financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting. The Global Workplace Solutions segment provides facilities management, and project management services comprising building consulting, program, and project and cost management services under the Turner & Townsend brand name. The Real Estate Investments segment offers investment management services under the CBRE Investment Management brand to pension funds, insurance companies, sovereign wealth funds, foundations, endowments, and other institutional investors and development services, such as real estate development and investment activities under the Trammell Crow Company brand to users and investors in commercial real estate, and for their own account. CBRE Group, Inc. was founded in 1906 and is headquartered in Dallas, Texas.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CBRE Group reported revenue of $40.6B in FY2025 versus $27.7B in FY2021, a compound +10.0%/yr. Reported net income was $1.2B in FY2025, compounding −10.9%/yr from FY2021.

Growth Quality 84/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$40.6B
Latest YoY
+13.4%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.2%
Avg. growth/yr (24Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+19.5%
Revenue +10.0%/yr
FY21 $27.7B
FY22 $30.8B
FY23 $31.9B
FY24 $35.8B
FY25 $40.6B
Net income −10.9%/yr
FY21 $1.8B
FY22 $1.4B
FY23 $986M
FY24 $968M
FY25 $1.2B
Character of growth · EPS growth decomposed (2014-2025) +8.7 % p.a.
Revenue per share +13.7 pp

of which total revenue +12.6 pp · buybacks/dilution +1.1 pp

EBIT margin −6.6 pp
Tax rate +2.5 pp
Residual (interest, one-offs) −0.8 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

CBRE screens 54% overvalued. Compare with Plaza S.A →

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Cite: Fair Value Calculator (2026). "CBRE Group Fair Value". https://www.fairvalue-calculator.com/stock/CBRE

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Real Estate Services · 529 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.

Quality Score 54 · Below median
Fair Value upside −54% · Bottom 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 3% · Bottom 25%
Revenue growth 19% · Top 25%
Debt / equity 0.57× · Higher than median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 34.8× · Pricier than 75% of peers
P/B 4.60× · Pricier than 75% of peers
P/S (TTM) 0.97× · Cheaper than median
P/FCF 34.2× · Pricier than 75% of peers
EV/EBITDA 20.0× · Pricier than median
PEG 0.74× · Cheaper than median

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.

VALUE 0 · sector 35
FUTURE 93 · sector 10
PAST 62 · sector 16
HEALTH 72 · sector 85
DIVIDEND 0 · sector 50

VALUE 0: the price sits above our fair-value range.

Insider activity: 44/100

Values & ESG

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

None of the checked exposures detected

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

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Plaza S.A MALLPLAZA 3,989 CLP 4,571 CLP +15%
PT Solusi Tunas Pratama Tbk SUPR 43,850 IDR 15,049 IDR -66%
Cencosud Shopping S.A CENCOMALLS 2,412 CLP 2,976 CLP +23%
PT Sarana Menara Nusantara Tbk. owns and TOWR 392.00 IDR 1,012 IDR +158%
PT Metropolitan Kentjana Tbk MKPI 22,000 IDR 19,160 IDR -13%
PT Bangun Kosambi Sukses Tbk, CBDK 3,610 IDR 3,464 IDR -4%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 2,990 ARS +20%
PT Plaza Indonesia Realty Tbk PLIN 2,510 IDR 2,698 IDR +7%
PT MNC Tourism Indonesia Tbk, KPIG 74.00 IDR 122.12 IDR +65%
PT Indonesian Paradise Property Tbk INPP 770.00 IDR 291.52 IDR -62%

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Frequently asked questions

Is CBRE Group (CBRE) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $69.47 versus a price of $151.89, about −54% (overvalued).
What is the fair value of CBRE?
Our model-based fair value for CBRE Group is $69.47 (as of Aug 13, 2026), built from audited fundamentals. The current price is $151.89.
What is the quality score of CBRE?
CBRE Group has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of CBRE Group (CBRE)?
CBRE Group reported trailing-twelve-month revenue of about $42.2B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of CBRE?
The net profit margin of CBRE Group is about 3.1%, meaning it keeps roughly 3.1% of revenue as net income. Based on the latest reported figures.

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.

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