CBRE CBRE
- Market cap
- $35.7B
- PE
- 28.3×
- 10y median 22.0×
- Forward PE
- 15.4×
- 10y median 18.1×
- Price to sales
- 0.8×
- EV/EBIT
- 20.5×
- Revenue, 12 months
- $43.6B
- +15% on a year ago
- Net margin
- 3.0%
- Free cash flow yield
- 2.6%
CBRE trades at 28.3× trailing earnings, pricier than 66% of the last ten years. Revenue was $43.6B over the last twelve months, up 15% on a year earlier with a 3% net margin.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $7.9B+5% | $8.9B+9% | $7.9B+7% | $8.4B+9% | $9B+15% | $10.4B+16% | $8.9B+12% | $9.7B+16% | $10.3B+14% | $11.6B+12% | $10.5B+19% | $11.2B+16% | |
| Cost of revenue | $6.4B+8% | $7.1B+9% | $6.5B+8% | $6.8B+10% | $7.3B+13% | $8.3B+17% | $7.3B+12% | $7.9B+17% | $8.3B+15% | $9.5B+14% | $8.7B+19% | $9.1B+15% |
| Gross profit | $1.5B−8% | $1.9B+10% | $1.5B+4% | $1.6B+4% | $1.8B+21% | $2.1B+14% | $1.6B+10% | $1.8B+11% | $2B+10% | $2.2B+2% | $1.9B+15% | $2.1B+18% |
| $269.4M−28% | $503.8M+107% | $204M+446% | $246M−20% | $368M+37% | $594M+18% | $276M+35% | $374M+52% | $481M+31% | $622M+5% | $511M+85% | $365M−2% | |
| Interest expense | $38.2M+91% | $39.4M+123% | $36M+27% | $63M+47% | $64M+68% | $52M+32% | $50M+39% | $59M−6% | $50M−22% | $57M+10% | $59M+18% | $60M+2% |
| Pre-tax income | $232M−61% | $630.8M+940% | $119M−22% | $174M−33% | $312M+35% | $613M−3% | $243M+104% | $301M+73% | $487M+56% | $564M−8% | $454M+87% | $315M+5% |
| $30.6M−79% | $136M | −$28.9M | $32.2M−42% | $67M+119% | $112M−18% | $52M | $61M+89% | $91M+36% | $114M+2% | $112M+115% | $68M+12% | |
| Net income | $190.6M−57% | $477.2M+488% | $126M+8% | $130M−36% | $225M+18% | $487M+2% | $163M+29% | $215M+65% | $363M+61% | $416M−15% | $318M+95% | $204M−5% |
| $0.61−56% | $1.55+520% | $0.41+11% | $0.42−34% | $0.73+20% | $1.58+2% | $0.54+32% | $0.72+71% | $1.21+66% | $1.39−12% | $1.07+98% | $0.69−4% | |
| 312.2M−4% | 308.4M−3% | 308.5M−2% | 308M−2% | 308.3M−1% | 307.3M−0% | 302.9M−2% | 300M−3% | 300.3M−3% | 299.9M−2% | 297M−2% | 293.9M−2% |
Gross profit: 69 periods, Q2 FY09 to Q2 FY26: not printed by the filing, worked out from its own lines.
EPS, diluted: 10 periods, Q4 FY09 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: Q4 FY09: the earlier year to date counted no dilution: the quarter's basic count plus the later year to date's dilution. 9 periods, Q4 FY10 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Estimates
Next earnings report: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $11.8B | $11.8B to $11.8B | $1.96 | $1.91 to $2.02 | 8 |
| Q4 FY26 | $13.2B | $13.2B to $13.2B | $2.65 | $2.59 to $2.71 | 7 |
| Q1 FY27 | $11.6B | $11.5B to $11.7B | $1.47 | $1.29 to $1.62 | 6 |
| Q2 FY27 | $12.5B | $12.4B to $12.6B | $1.85 | $1.83 to $1.86 | 2 |
| Q3 FY27 | $12.8B | $12.7B to $12.9B | $2.32 | $2.31 to $2.34 | 2 |
| Q4 FY27 | $14B | $13.9B to $14.1B | $3.24 | $3.22 to $3.27 | 2 |
| Q1 FY28 | $12.4B | $12.4B to $12.5B | $1.83 | $1.81 to $1.84 | 5 |
| Q2 FY28 | $13.3B | $13.3B to $13.4B | $2.09 | $2.08 to $2.11 | 5 |
Peers
Companies in Real Estate - Services nearest CBRE's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| CBRECBRE | $35.7B | 28.3× | 22.0× | 15.4× | 0.8× | +15% | 3.0% |
| INVHInvitation Homes | $16.3B | 25.3× | 53.8× | n/m | 5.7× | +7% | 23.1% |
| JLLJones Lang Lasalle | $13.8B | 14.4× | 18.2× | n/m | 0.5× | +11% | 3.6% |
| COMPCompass | $7.4B | 163× | 185× | n/m | 0.7× | +68% | 0.6% |
| TRNOTerreno Realty | $7.1B | 17.5× | 38.4× | n/m | 14.1× | +18% | 77.3% |
| MRPMillrose Properties | $4B | 8.3× | 10.4× | n/m | 5.2× | n/m | 62.6% |
| Peer median | $7.4B | 17.5× | 38.4× | n/a | 5.2× | +15% | 23.1% |
Investors who own it
Investors we follow who held CBRE at the end of Jun 30, 2026, from their 13F filings.
- ValueAct CapitalValueAct Capital2.4% of portfolioadded
- Bill NygrenHarris Associates (Oakmark)1.1% of portfoliotrimmed
- Baillie GiffordBaillie Gifford0.3% of portfoliotrimmed
- Ron BaronBaron Capital0.2% of portfoliotrimmed
More on CBRE
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #2of 14Real estate stocks with the lowest forward PE
- #10of 34Real Estate services stocks with the fastest revenue growth
- #4of 13Real estate stocks with the fastest expected revenue growth
- #5of 13Real Estate services stocks with the fastest earnings growth
Its groups
About
- Industry
- Real Estate - Services
- Sector
- Real Estate
Valuation data, not investment advice. Prices as of .