Cbre Group (CBRE)
NYSE:CBRE
Top Page
CBRE Group
(NYSE:CBRE)
Select Model
Select Model
Rating:66Neutral
Price Target:
$144.00
▲(1.97% Upside)
Action:ReiteratedDate:03/25/26
The score is anchored by solid financial fundamentals (notably improved leverage) and a strong, optimistic 2026 outlook from management, including ~17% core EPS growth guidance and continued momentum in data centers and resilient services. These positives are tempered by weak technicals (price below key moving averages with negative MACD) and a demanding valuation (P/E ~41) without a dividend yield to offset valuation risk.
Positive Factors
Balance-sheet improvement
Material deleveraging and rising equity provide durable financial flexibility. Lower leverage reduces refinancing and interest risk across cycles, enabling sustained capital allocation (acquisitions, buybacks, investments) and stronger shock absorption during CRE market downturns, supporting long-term strategic optionality.
Negative Factors
Margin compression
Sustained margin erosion reduces structural earnings power and sensitivity to revenue cycles. Thinner gross and net margins limit cash generation per dollar of revenue, heighten dependence on volume growth and higher‑margin niches, and make profitability more vulnerable to wage, bidding and commodity cost pressures over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet improvement
Material deleveraging and rising equity provide durable financial flexibility. Lower leverage reduces refinancing and interest risk across cycles, enabling sustained capital allocation (acquisitions, buybacks, investments) and stronger shock absorption during CRE market downturns, supporting long-term strategic optionality.
Read all positive factors
CBRE Group (CBRE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$41.68B
Dividend YieldN/A
Average Volume (3M)2.03M
Price to Earnings (P/E)41.4
Beta (1Y)1.00
Revenue Growth14.61%
EPS Growth30.19%
CountryUS
Employees140,000
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)2.73
Shares Outstanding295,158,540
10 Day Avg. Volume1,608,019
30 Day Avg. Volume2,034,618
Financial Highlights & Ratios
PEG Ratio1.82
Price to Book (P/B)5.40
Price to Sales (P/S)1.18
P/FCF Ratio40.19
Enterprise Value/Market Cap1.19
Enterprise Value/Revenue1.23
Enterprise Value/Gross Profit3.42
Enterprise Value/Ebitda20.02
Forecast
1Y Price Target
$177.17Price Target Upside25.46% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)7.51
Revenue Forecast (FY)$45.57B
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...
How the Company Makes Money
CBRE primarily makes money by earning fees and other service revenue from commercial real estate transactions and recurring service contracts, plus asset-management-related fees from managing real estate investments. Key revenue streams include: (...
CBRE Group Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down revenue across different business segments, highlighting which areas drive growth and profitability, and revealing strategic focus areas.
Breaks down revenue across different business segments, highlighting which areas drive growth and profitability, and revealing strategic focus areas.
Data provided by:
The Fly
The FlyCBRE Group Earnings Call Summary
Earnings Call Date:Feb 12, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 23, 2026
Earnings Call Sentiment Positive
The call emphasized broad-based double-digit growth across both resilient and transactional businesses, record quarterly revenue and earnings, strong free cash flow and disciplined capital allocation (acquisition plus buybacks). Management provided optimistic guidance for 2026 (core EPS up ~17% at midpoint) and highlighted strategic growth areas (data center solutions, local facilities management, Industrious expansion and AI-driven data advantages). Reported lowlights were mostly one-time charges ($279M), timing uncertainty around data center land monetizations and short-term margin/cash-flow headwinds from working capital and compensation, plus execution constraints (talent) and AI-related risks. Overall, the positive operational and financial momentum materially outweighs the listed challenges, which management characterized as manageable or transitory.Positive Updates
Record Quarterly Revenue and EPS Growth
Fourth quarter revenue increased 12% year-over-year and core EPS rose 18% (both reaching all-time highs for CBRE). Core EBITDA grew 19% for the quarter.
Negative Updates
GAAP Earnings Reduced by One-Time Charges
Noncash impact from U.K. pension buyout and increased reserve for fire safety remediation totaled $279 million in Q4, reducing GAAP earnings; management said these actions will result in future net cash savings and without them Q4 GAAP net income would have increased 43%.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Quarterly Revenue and EPS Growth
Fourth quarter revenue increased 12% year-over-year and core EPS rose 18% (both reaching all-time highs for CBRE). Core EBITDA grew 19% for the quarter.
Read all positive updates
Company Guidance
CBRE guided 2026 core EPS of $7.30–$7.60 (midpoint ≈ 17% growth) and said Q1 should represent roughly 15% of full‑year core EPS, with continued double‑digit revenue growth in resilient businesses and “greater‑than‑through‑cycle” growth in transactional businesses; segment SOP guidance was low‑teens for Advisory, mid‑teens for BOE (BOE margins expected to be flat in 2026) and low‑teens for Project Management (with margin expansion expected). Management highlighted data center momentum—data center solutions revenue is expected to reach $2.0B in 2026 and to grow ~20% y/y, data center/digital infrastructure made up ~14% of 2025 core EBITDA—and noted that timing of land/site monetizations (power access) is the primary upside driver to the EPS range. FY‑2025 metrics underpinning the outlook include nearly $1.7B of free cash flow (86% conversion of core net income, vs. a 75–85% target), net leverage ~1.2x, AUM $155B (up >$9B) after raising >$11B, embedded development gains of ~$900M, ~ $1.2B for the Pearce acquisition and >$1B of share repurchases YTD (nearly $400M since Q3); management expects 2026 cash conversion to be in the 75–85% range but flagged working‑capital timing and higher cash compensation as headwinds.CBRE Group Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
65
Positive
| 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
Neutral
141.22
Price Trends
144.56
Negative
153.37
Negative
153.78
Negative
Market Momentum
-0.67
Negative
54.58
Neutral
72.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CBRE, the sentiment is Neutral. The current price of 141.22 is above the 20-day moving average (MA) of 135.72, below the 50-day MA of 144.56, and below the 200-day MA of 153.78, indicating a neutral trend. The MACD of -0.67 indicates Negative momentum. The RSI at 54.58 is Neutral, neither overbought nor oversold. The STOCH value of 72.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CBRE.
CBRE Group Risk Analysis
CBRE Group disclosed 32 risk factors in its most recent earnings report. CBRE Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
CBRE Group Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $14.89B | 20.11 | 11.09% | ― | 12.51% | 32.34% | |
66 Neutral | $41.68B | 41.44 | 13.63% | ― | 14.61% | 30.19% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | $17.95B | 41.95 | 4.29% | 2.26% | 25.33% | -15.12% | |
60 Neutral | $3.06B | 42.44 | 4.65% | ― | 6.77% | 150.72% | |
56 Neutral | $2.79B | 24.52 | 8.82% | 0.68% | 22.22% | 94.52% | |
54 Neutral | $15.31B | 4,003.66 | 0.09% | ― | 14.61% | -87.93% |
* Real Estate Sector Average
CBRE
CBRE Group
141.22
22.21
18.66%
CSGP
CoStar Group
36.48
-43.05
-54.13%
JLL
Jones Lang Lasalle
317.74
102.52
47.63%
NMRK
Newmark Group
15.15
4.53
42.63%
CWK
Cushman & Wakefield
13.22
4.95
59.85%
BEKE
KE Holdings Inc. Sponsored ADR Class A
15.84
-3.17
-16.68%
CBRE Group Corporate Events
Business Operations and StrategyFinancial Disclosures
CBRE Group Recasts Financials and Realigns Business Segments
Positive
Mar 24, 2026
CBRE Group has recast its historical financial information to align with financial reporting changes effective January 1, 2026, including a reclassification of mortgage servicing rights amortization to offset related revenue and its exclusion from...
Business Operations and StrategyExecutive/Board Changes
CBRE Group Updates Executive Severance and Change‑in‑Control Plan
Positive
Mar 23, 2026
On March 20, 2026, CBRE’s board adopted a Second Amended and Restated Change in Control and Severance Plan for Senior Management, effective the same day, which generally reduces severance cash multiples and equity vesting protection for the ...
Executive/Board Changes
CBRE Group Updates Senior Executive Compensation Packages
Neutral
Feb 27, 2026
On February 25, 2026, CBRE Group updated compensation targets for two senior executives, Chief Legal Administrative Officer and Corporate Secretary Chad J. Doellinger and Executive Group President, Trammell Crow Company, Daniel G. Queenan, while ...
Business Operations and StrategyExecutive/Board Changes
CBRE Grants Performance-Based Equity Award in Succession Plan
Positive
Feb 26, 2026
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...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.