CBRE Group (CBRE) AI Stock Analysis

• Market Cap: $43.14B
• Dividend Yield: N/A
• Average Volume (3M): 2.43M
• Price to Earnings (P/E): 38.2
• Beta (1Y): 0.98
• Revenue Growth: 14.61%
• EPS Growth: 30.19%
• Country: US
• Employees: 140,000
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 2.73
• Shares Outstanding: 295,158,540
• 10 Day Avg. Volume: 4,133,972
• 30 Day Avg. Volume: 2,430,117
• PEG Ratio: 1.82
• Price to Book (P/B): 5.40
• Price to Sales (P/S): 1.18
• P/FCF Ratio: 40.19
• Enterprise Value/Market Cap: 1.21
• Enterprise Value/Revenue: 1.28
• Enterprise Value/Gross Profit: 3.58
• Enterprise Value/Ebitda: 20.92
• 1Y Price Target: $184.50
• Price Target Upside: 23.00% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): 7.47
• Revenue Forecast (FY): $45.67B

• Rating: 68 Neutral
• Price Target: $160.00 ▲(6.67% Upside)
• Action: Reiterated Date: 02/27/26
• Date: Action: Reiterated 02/27/26

The score is primarily supported by solid financial quality (especially improved leverage) and a strongly positive earnings outlook with optimistic 2026 EPS guidance and growth drivers (notably data centers). Offsetting this, technical indicators are weak with the stock trading below key moving averages, and valuation is elevated (P/E ~38) with no dividend support, increasing sensitivity to execution and cash-flow timing.

Positive Factors

Improved balance sheet / lower leverage

Material deleveraging meaningfully strengthens financial flexibility: lower leverage reduces refinancing and distress risk, supports disciplined M&A and buybacks, and provides capacity to invest in growth areas (data centers, BOE) through cycles without forcing asset sales.

Data center & digital infrastructure growth

High-growth exposure to data centers and digital infrastructure taps secular demand for cloud and hyperscale capacity. Rapid, durable revenue growth and meaningful EBITDA share diversify CBRE beyond traditional services, supporting sustainable earnings expansion and strategic pricing/scale advantages.

Strong cash generation and capital allocation

Robust FCF conversion and rising AUM underpin a repeatable funding base for strategic investments, acquisitions and buybacks. Consistent cash flow enables disciplined capital allocation while supporting fee-bearing asset management growth that compounds recurring revenue over the medium term.

Negative Factors

Margin compression / weaker profitability

Sustained margin erosion versus prior-cycle peaks reduces earnings leverage and resilience. Lower gross and net margins increase sensitivity to cost inflation and revenue mix shifts, limiting the firm's ability to convert top-line growth into durable profit improvement without structural margin initiatives.

Cash-flow volatility and FCF decline

Declining and volatile FCF undermines predictability of reinvestment and shareholder returns. Variability from development gains, working-capital timing and one-offs raises execution risk for sustaining buybacks, acquisitions and dividend policy, making capital plans more sensitive to timing shifts.

Execution & timing risk on data center monetizations

Reliance on land/site monetizations and long lead times introduces outcome and timing risk to the company’s upside case. Delays or power/access constraints can defer revenue and EBITDA recognition, while talent constraints may cap the firm's ability to scale delivery even as demand grows.

CBRE Group Business Overview & Revenue Model

Company Description

CBRE Group, Inc. operates as a commercial real estate services and investment company worldwide. It operates through three segments: Advisory Services, Global Workplace Solutions, and Real Estate Investments segments. The Advisory Services segment provides strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; property sales and mortgage services under the CBRE Capital Markets brand; property and project management services, including construction management, marketing, building engineering, accounting, and financial services 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 offers facilities management, project management, and transaction management services. The Real Estate Investments segment provides investment management services under the CBRE Investment Management brand to pension funds, insurance companies, sovereign wealth funds, foundations, endowments, and other institutional investors; development services under the Trammell Crow Company brand primarily to users of and investors in commercial real estate; and flexible-space solutions under the CBRE Hana brand. The company was founded in 1906 and is headquartered in Dallas, Texas.

How the Company Makes Money

CBRE generates revenue primarily through service fees and commissions from its commercial real estate services. Key revenue streams include property management fees, leasing commissions, and investment sales commissions. The company also earns income from advisory and consulting services, as well as from its capital markets activities. Significant partnerships with institutional investors, property owners, and developers further enhance its earnings potential by providing access to a broad client base and large-scale real estate transactions. Additionally, the company's performance is bolstered by its extensive data analytics and technology solutions, which improve service delivery and client engagement.

CBRE Group Financial Statement Overview

Summary

Solid overall fundamentals with a notably improved balance sheet (debt-to-equity down to ~0.37) and steady revenue growth, but profitability remains structurally weaker than 2021–2022 and cash-flow conversion has been uneven with free cash flow down year over year.

Income Statement

Revenue growth has been steady and re-accelerated in 2025 (up ~3.1% vs. ~0.1% in 2024), showing continued demand recovery. Profitability, however, has compressed versus earlier years: gross margin declined to ~18.7% in 2025 from ~22.2% in 2021, and net margin remains thin at ~2.9% in 2025 (down from ~6.6% in 2021). Net income improved in 2025 ($1.16B vs. $0.97B in 2024), but overall earnings power appears more cyclical and margin-sensitive than in the 2021–2022 period.

Balance Sheet

Leverage looks reasonable and improved materially in 2025, with debt-to-equity down to ~0.37 (from ~0.68 in 2024), reflecting stronger balance-sheet positioning. Equity has grown over time ($8.88B in 2025 vs. $7.08B in 2020), supporting financial flexibility. Returns on equity are solid but below peak levels (~13.0% in 2025 vs. ~21.5% in 2021), suggesting profitability is not yet back to prior-cycle strength.

Cash Flow

Cash generation is positive, with operating cash flow of $1.56B and free cash flow of $1.19B in 2025, but free cash flow declined ~15.1% year over year, indicating weaker conversion versus 2024. Free cash flow covered about 76.5% of net income in 2025 (down from ~82.9% in 2024), which is still decent but less robust than earlier periods (often ~85–91% in 2020–2022). Cash flow has also shown volatility historically (notably weaker operating cash flow in 2023), which is a risk factor for consistency.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	40.55B	35.77B	31.95B	30.83B	27.75B
Gross Profit	6.07B	7.02B	6.30B	6.62B	6.17B
EBITDA	2.58B	2.15B	1.83B	2.03B	2.09B
Net Income	1.16B	968.00M	986.00M	1.41B	1.84B
Balance Sheet
Total Assets	30.88B	24.38B	22.55B	20.51B	22.07B
Cash, Cash Equivalents and Short-Term Investments	1.86B	1.11B	1.26B	1.32B	2.43B
Total Debt	9.99B	5.69B	4.83B	3.49B	4.20B
Total Liabilities	21.25B	15.19B	13.48B	11.91B	12.71B
Stockholders Equity	8.88B	8.41B	8.27B	7.85B	8.53B
Cash Flow
Free Cash Flow	1.19B	1.49B	229.00M	1.46B	2.23B
Operating Cash Flow	1.56B	1.80B	534.00M	1.72B	2.44B
Investing Cash Flow	-1.63B	-1.60B	-729.00M	-917.20M	-1.56B
Financing Cash Flow	796.00M	-221.00M	148.00M	-1.77B	-286.38M

CBRE Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 150.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CBRE, the sentiment is Negative. The current price of 150 is below the 20-day moving average (MA) of 156.14, below the 50-day MA of 161.65, and below the 200-day MA of 152.67, indicating a bearish trend. The MACD of -5.12 indicates Positive momentum. The RSI at 43.97 is Neutral, neither overbought nor oversold. The STOCH value of 69.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CBRE.

CBRE Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CBRE	68 Neutral	$43.14B	38.23	13.38%	―	14.61%	30.19%
JLL	68 Neutral	$14.57B	19.29	11.10%	―	12.51%	32.34%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
BEKE	62 Neutral	$19.48B	41.45	4.91%	2.26%	25.33%	-15.12%
CWK	60 Neutral	$3.15B	36.61	12.21%	―	6.77%	150.72%
NMRK	56 Neutral	$2.66B	25.46	8.49%	0.68%	22.22%	94.52%
CSGP	54 Neutral	$20.83B	2,985.33	0.09%	―	14.61%	-87.93%

CBRE Group Corporate Events

CBRE Grants Performance-Based Equity Award in Succession Plan

On February 25, 2026, CBRE Group’s Compensation Committee granted a one-time, fully performance-based equity retention award with a $5 million target value to Chief Operating Officer and CEO of Advisory Services, Vikram Kohli, as part of the company’s long-term succession strategy. Structured entirely as performance-based restricted stock units split evenly between relative total shareholder return and relative earnings per share goals versus the S&P 500, the award features a five-year vesting period, above-market performance hurdles starting at the 40th percentile, and potential payouts ranging from 0% to 175% of target, tying Kohli’s long-term compensation tightly to CBRE’s comparative shareholder returns and earnings growth.

The award’s rTSR portion will measure cumulative total shareholder return from February 25, 2026, to January 31, 2031, while the rEPS portion will track Core EPS growth against peers’ GAAP EPS growth from January 1, 2026, to December 31, 2030, with vesting occurring after performance certification but no later than February 25, 2031. By extending vesting to five years and requiring performance above median for enhanced payouts, CBRE is signaling a strong commitment to rigorous pay-for-performance alignment, executive retention and competitive positioning in the S&P 500 peer set, potentially reassuring investors about long-term leadership stability and disciplined incentive design.

The most recent analyst rating on (CBRE) stock is a Buy with a $180.00 price target. To see the full list of analyst forecasts on CBRE Group stock, see the CBRE Stock Forecast page.