Superworth

CBRE CBRE

Real Estate - Services, Real Estate
$123.30
−6.05%
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 for CBRE, by quarter
Income statementQ3 FY23Q4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 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: .

QuarterRevenueRangeEPSRangeAnalysts
Q3 FY26$11.8B$11.8B to $11.8B$1.96$1.91 to $2.028
Q4 FY26$13.2B$13.2B to $13.2B$2.65$2.59 to $2.717
Q1 FY27$11.6B$11.5B to $11.7B$1.47$1.29 to $1.626
Q2 FY27$12.5B$12.4B to $12.6B$1.85$1.83 to $1.862
Q3 FY27$12.8B$12.7B to $12.9B$2.32$2.31 to $2.342
Q4 FY27$14B$13.9B to $14.1B$3.24$3.22 to $3.272
Q1 FY28$12.4B$12.4B to $12.5B$1.83$1.81 to $1.845
Q2 FY28$13.3B$13.3B to $13.4B$2.09$2.08 to $2.115

Peers

Companies in Real Estate - Services nearest CBRE's size, closest first.

CompanyMarket capPEIts 10y median PEFwd PEP/SRevenue growthNet margin
CBRECBRE$35.7B28.3×22.0×15.4×0.8×+15%3.0%
INVHInvitation Homes$16.3B25.3×53.8×n/m5.7×+7%23.1%
JLLJones Lang Lasalle$13.8B14.4×18.2×n/m0.5×+11%3.6%
COMPCompass$7.4B163×185×n/m0.7×+68%0.6%
TRNOTerreno Realty$7.1B17.5×38.4×n/m14.1×+18%77.3%
MRPMillrose Properties$4B8.3×10.4×n/m5.2×n/m62.6%
Peer median$7.4B17.5×38.4×n/a5.2×+15%23.1%

Investors who own it

Investors we follow who held CBRE at the end of Jun 30, 2026, from their 13F filings.

More on CBRE

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About

Industry
Real Estate - Services
Sector
Real Estate

Valuation data, not investment advice. Prices as of .