CBRE Group, Inc. (CBRE) Financial Ratios
25 years of historical data (2001–2025) · Real Estate · Real Estate - Services
EV/EBITDA
↑
24.23
↑+24% vs avg
5yr avg: 19.60
30Y Low8.8·High27.4
P/FCF
↑
35.03
↓-23% vs avg
5yr avg: 45.71
30Y Low11.4·High127.1
P/B Ratio
↑
4.45
+14% vs avg
5yr avg: 3.90
30Y Low2.6·High6.2
ROE
↓
12.3%
-14% vs avg
5yr avg: 14.3%
30Y Low-127%·High32%
Debt/EBITDA
↑
4.85
↑+75% vs avg
5yr avg: 2.77
30Y Low1.6·High9.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CBRE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
CBRE Group, Inc. trades at 37.0x earnings, 23% above its 5-year average of 30.2x, sitting at the 81st percentile of its historical range. Compared to the Real Estate sector median P/E of 24.1x, the stock trades at a premium of 53%. On a free-cash-flow basis, the stock trades at 35.0x P/FCF, 23% below the 5-year average of 45.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $41.8B | $48.4B | $40.4B | $29.1B | $25.2B | $36.9B | $21.2B | $20.9B | $13.7B | $14.8B | $10.7B |
| Enterprise Value | $49.9B | $56.5B | $45.0B | $32.7B | $27.4B | $38.6B | $23.4B | $23.9B | $16.1B | $16.9B | $13.7B |
| P/E Ratio → | 37.03 | 41.76 | 41.81 | 29.55 | 17.94 | 20.06 | 28.25 | 16.26 | 12.92 | 21.13 | 18.63 |
| P/S Ratio | 1.03 | 1.19 | 1.13 | 0.91 | 0.82 | 1.33 | 0.89 | 0.87 | 0.64 | 0.79 | 0.61 |
| P/B Ratio | 4.45 | 5.02 | 4.40 | 3.21 | 2.93 | 3.94 | 2.83 | 3.33 | 2.74 | 3.54 | 3.49 |
| P/FCF | 35.03 | 40.53 | 27.11 | 127.05 | 17.32 | 16.53 | 12.84 | 21.67 | 14.27 | 19.12 | 22.82 |
| P/OCF | 26.81 | 31.02 | 22.48 | 54.49 | 14.69 | 15.11 | 11.06 | 16.61 | 11.54 | 15.53 | 16.19 |
P/E links to full P/E history page with 30-year chart
CBRE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
CBRE Group, Inc.'s enterprise value stands at 24.2x EBITDA, 24% above its 5-year average of 19.6x. The Real Estate sector median is 16.7x, placing the stock at a 45% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.39 | 1.26 | 1.02 | 0.89 | 1.39 | 0.98 | 1.00 | 0.75 | 0.91 | 0.79 |
| EV / EBITDA | 24.23 | 27.42 | 21.30 | 18.51 | 12.89 | 17.86 | 16.15 | 14.05 | 10.43 | 11.39 | 11.57 |
| EV / EBIT | 38.58 | 31.09 | 31.05 | 27.65 | 19.33 | 24.67 | 20.43 | 17.95 | 14.84 | 15.58 | 13.63 |
| EV / FCF | — | 47.35 | 30.18 | 142.60 | 18.81 | 17.32 | 14.17 | 24.78 | 16.68 | 21.91 | 29.33 |
CBRE Profitability
Margins and return-on-capital ratios measuring operating efficiency
CBRE Group, Inc. earns an operating margin of 3.2%, below the Real Estate sector average of 26.0%. ROE of 12.3% is modest. ROIC of 6.2% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.0% | 15.0% | 19.6% | 19.7% | 21.5% | 22.2% | 20.2% | 21.8% | 22.9% | 23.2% | 22.9% |
| Operating Margin | 3.2% | 3.2% | 4.0% | 3.5% | 4.9% | 5.9% | 4.1% | 5.3% | 5.1% | 5.8% | 4.7% |
| Net Profit Margin | 2.9% | 2.9% | 2.7% | 3.1% | 4.6% | 6.6% | 3.2% | 5.4% | 5.0% | 3.7% | 3.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.3% | 12.3% | 10.6% | 11.2% | 15.7% | 21.8% | 10.9% | 22.7% | 23.2% | 19.1% | 19.7% |
| ROA | 4.2% | 4.2% | 4.1% | 4.6% | 6.6% | 9.2% | 4.4% | 8.6% | 8.4% | 6.1% | 5.2% |
| ROIC | 6.2% | 6.2% | 8.0% | 7.2% | 10.4% | 11.8% | 7.7% | 11.4% | 11.9% | 13.0% | 9.6% |
| ROCE | 7.7% | 7.7% | 9.6% | 8.4% | 11.7% | 13.3% | 9.4% | 14.5% | 14.8% | 16.3% | 13.3% |
CBRE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
CBRE Group, Inc. carries a Debt/EBITDA ratio of 4.8x, which is highly leveraged (38% below the sector average of 7.9x). Net debt stands at $8.1B ($10.0B total debt minus $1.9B cash). Interest coverage of 8.1x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.04 | 1.04 | 0.62 | 0.53 | 0.41 | 0.45 | 0.55 | 0.63 | 0.62 | 0.70 | 1.24 |
| Debt / EBITDA | 4.85 | 4.85 | 2.69 | 2.74 | 1.64 | 1.94 | 2.82 | 2.34 | 2.01 | 1.96 | 3.21 |
| Net Debt / Equity | — | 0.84 | 0.50 | 0.39 | 0.25 | 0.19 | 0.29 | 0.48 | 0.46 | 0.52 | 0.99 |
| Net Debt / EBITDA | 3.95 | 3.95 | 2.17 | 2.02 | 1.02 | 0.82 | 1.52 | 1.77 | 1.51 | 1.45 | 2.57 |
| Debt / FCF | — | 6.81 | 3.07 | 15.55 | 1.49 | 0.79 | 1.33 | 3.11 | 2.41 | 2.80 | 6.51 |
| Interest Coverage | 8.15 | 8.15 | 6.74 | 7.93 | 20.54 | 31.10 | 16.92 | 15.51 | 10.09 | 7.94 | 6.94 |
CBRE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.09x means CBRE Group, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.17x to 1.09x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.09 | 1.09 | 1.07 | 1.17 | 1.03 | 1.20 | 1.24 | 1.17 | 1.16 | 1.19 | 1.13 |
| Quick Ratio | 1.09 | 1.09 | 1.07 | 1.17 | 1.03 | 1.20 | 1.24 | 1.17 | 1.16 | 1.19 | 1.13 |
| Cash Ratio | 0.15 | 0.15 | 0.12 | 0.15 | 0.16 | 0.29 | 0.27 | 0.15 | 0.13 | 0.16 | 0.17 |
| Asset Turnover | — | 1.31 | 1.47 | 1.42 | 1.50 | 1.26 | 1.32 | 1.48 | 1.59 | 1.59 | 1.61 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
CBRE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
CBRE Group, Inc. returns 2.3% to shareholders annually primarily through share buybacks. The earnings yield of 2.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.7% | 2.4% | 2.4% | 3.4% | 5.6% | 5.0% | 3.5% | 6.2% | 7.7% | 4.7% | 5.4% |
| FCF Yield | 2.9% | 2.5% | 3.7% | 0.8% | 5.8% | 6.0% | 7.8% | 4.6% | 7.0% | 5.2% | 4.4% |
| Buyback Yield | 2.3% | 2.0% | 1.6% | 2.3% | 7.3% | 1.0% | 0.2% | 0.7% | 1.2% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.3% | 2.0% | 1.6% | 2.3% | 7.3% | 1.0% | 0.2% | 0.7% | 1.2% | 0.0% | 0.0% |
| Shares Outstanding | — | $301M | $308M | $313M | $328M | $340M | $338M | $341M | $343M | $341M | $338M |
Peer Comparison
Compare CBRE with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CBREYou | $42B | 37.0 | 24.2 | 35.0 | 15.0% | 3.2% | 12.3% | 6.2% | 4.8 |
 JLL | $15B | 19.4 | 12.3 | 15.1 | 99.0% | 4.5% | 10.9% | 8.9% | 2.4 |
 CWK | $3B | 38.2 | 10.4 | 11.6 | 16.2% | 4.5% | 4.8% | 7.9% | 5.8 |
 MMI | $1B | -585.1 | — | 18.6 | 37.7% | -1.8% | -0.3% | -1.9% | — |
 NMRK | $3B | 24.0 | 11.2 | 21.1 | 94.6% | 7.0% | 7.7% | 5.2% | 4.8 |
 RMR | $293M | 18.9 | 8.1 | 4.1 | 76.9% | 6.0% | 4.3% | 6.7% | 3.8 |
 CIGI | $5B | 47.1 | 10.9 | 20.8 | 30.8% | 7.2% | 4.0% | 6.4% | 4.0 |
 FSV | $6B | 39.8 | 13.8 | 17.8 | 31.8% | 6.1% | 8.3% | 8.0% | 3.1 |
 EXPI | $1B | -44.9 | — | 9.3 | 7.0% | -0.4% | -10.1% | -15.3% | — |
 DOUG | $176M | 11.7 | — | — | 16.8% | -5.9% | 8.8% | -26.1% | — |
 PLD | $130B | 35.0 | 22.9 | 26.5 | 74.9% | 53.8% | 6.4% | 3.8% | 4.5 |
| Real Estate Median | — | 24.1 | 16.7 | 15.4 | 52.1% | 26.0% | 3.5% | 3.0% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonCBRE — Frequently Asked Questions
Quick answers to the most common questions about buying CBRE stock.
What is CBRE Group, Inc.'s P/E ratio?
CBRE Group, Inc.'s current P/E ratio is 37.0x. The historical average is 28.7x. This places it at the 81th percentile of its historical range.
What is CBRE Group, Inc.'s EV/EBITDA?
CBRE Group, Inc.'s current EV/EBITDA is 24.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.6x.
What is CBRE Group, Inc.'s ROE?
CBRE Group, Inc.'s return on equity (ROE) is 12.3%. The historical average is 11.2%.
Is CBRE stock overvalued?
Based on historical data, CBRE Group, Inc. is trading at a P/E of 37.0x. This is at the 81th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are CBRE Group, Inc.'s profit margins?
CBRE Group, Inc. has 15.0% gross margin and 3.2% operating margin.
How much debt does CBRE Group, Inc. have?
CBRE Group, Inc.'s Debt/EBITDA ratio is 4.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.