Cohen & Steers, Inc. (CNS) Financial Ratios
23 years of historical data (2002–2024) · Financial Services · Asset Management
EV/EBITDA
↓
19.32
↓-12% vs avg
5yr avg: 21.87
30Y Low5.4·High84.6
P/FCF
↑
42.31
+4% vs avg
5yr avg: 40.79
30Y Low11.5·High79.8
P/B Ratio
↓
6.25
↓-41% vs avg
5yr avg: 10.50
30Y Low1.9·High16.1
ROE
↓
28.3%
↑-31% vs avg
5yr avg: 41.2%
30Y Low-1%·High74%
Debt/EBITDA
↑
0.77
↑+46% vs avg
5yr avg: 0.52
30Y Low0.1·High0.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CNS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Cohen & Steers, Inc. trades at 23.8x earnings, 20% below its 5-year average of 29.5x, sitting at the 53rd percentile of its historical range. Compared to the Financial Services sector median P/E of 13.4x, the stock trades at a premium of 78%. On a free-cash-flow basis, the stock trades at 42.3x P/FCF, roughly in line with the 5-year average of 40.8x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.6B | $4.7B | $3.8B | $3.2B | $4.5B | $3.6B | $3.0B | $1.6B | $2.2B | $1.6B | $1.4B |
| Enterprise Value | $3.6B | $4.7B | $3.7B | $3.1B | $4.4B | $3.6B | $3.0B | $1.6B | $2.0B | $1.4B | $1.3B |
| P/E Ratio → | 23.75 | 31.09 | 29.13 | 18.61 | 21.46 | 47.32 | 22.49 | 14.30 | 24.13 | 16.80 | 21.62 |
| P/S Ratio | 6.95 | 9.09 | 7.66 | 5.55 | 7.78 | 8.39 | 7.38 | 4.15 | 5.80 | 4.41 | 4.24 |
| P/B Ratio | 6.25 | 8.18 | 7.62 | 7.45 | 13.19 | 16.08 | 11.35 | 4.83 | 6.87 | 5.85 | 5.75 |
| P/FCF | 42.31 | 55.31 | 32.64 | 55.39 | 18.91 | 41.72 | 21.85 | 23.52 | 36.41 | 14.89 | 16.01 |
| P/OCF | 37.21 | 48.65 | 21.82 | 51.60 | 18.70 | 40.55 | 21.43 | 22.40 | 34.58 | 13.57 | 15.58 |
P/E links to full P/E history page with 30-year chart
CNS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Cohen & Steers, Inc.'s enterprise value stands at 19.3x EBITDA, 12% below its 5-year average of 21.9x. The Financial Services sector median is 11.4x, placing the stock at a 69% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 9.01 | 7.57 | 5.36 | 7.50 | 8.38 | 7.24 | 4.06 | 5.30 | 3.89 | 3.80 |
| EV / EBITDA | 19.32 | 25.33 | 21.85 | 13.87 | 15.85 | 32.43 | 16.97 | 9.87 | 12.17 | 9.85 | 9.39 |
| EV / EBIT | 20.57 | 24.25 | 22.53 | 13.80 | 16.64 | 36.68 | 17.82 | 10.08 | 12.75 | 10.00 | 9.73 |
| EV / FCF | — | 54.82 | 32.23 | 53.50 | 18.24 | 41.65 | 21.44 | 22.97 | 33.24 | 13.14 | 14.38 |
CNS Profitability
Margins and return-on-capital ratios measuring operating efficiency
Cohen & Steers, Inc. earns an operating margin of 33.4%, above the Financial Services sector average of 21.2%. Operating margins have compressed from 37.6% to 33.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 28.3% indicates solid capital efficiency, compared to the sector median of 9.4%. ROIC of 19.2% represents solid returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 46.8% | 46.8% | 48.1% | 49.1% | 53.5% | 37.0% | 51.6% | 53.7% | 53.7% | 52.3% | 56.4% |
| Operating Margin | 33.4% | 33.4% | 33.6% | 37.6% | 44.6% | 22.1% | 39.0% | 37.6% | 40.4% | 38.3% | 38.6% |
| Net Profit Margin | 29.2% | 29.2% | 26.4% | 29.8% | 36.2% | 17.8% | 32.8% | 29.1% | 24.0% | 26.3% | 19.5% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 28.3% | 28.3% | 28.1% | 44.4% | 74.3% | 31.1% | 44.6% | 34.5% | 31.2% | 36.5% | 27.4% |
| ROA | 19.5% | 19.5% | 18.3% | 29.3% | 50.3% | 20.4% | 30.5% | 25.6% | 24.7% | 29.1% | 22.0% |
| ROIC | 19.2% | 19.2% | 20.6% | 34.7% | 62.1% | 25.0% | 34.2% | 30.9% | 39.3% | 39.9% | 40.6% |
| ROCE | 22.8% | 22.8% | 23.9% | 38.7% | 66.2% | 27.2% | 39.0% | 35.5% | 44.3% | 44.7% | 45.8% |
CNS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Cohen & Steers, Inc. carries a Debt/EBITDA ratio of 0.8x, which is very conservative (81% below the sector average of 4.1x). The company holds a net cash position — cash of $183M exceeds total debt of $141M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.25 | 0.25 | 0.29 | 0.33 | 0.07 | 0.16 | 0.16 | 0.16 | — | — | — |
| Debt / EBITDA | 0.77 | 0.77 | 0.83 | 0.63 | 0.09 | 0.31 | 0.25 | 0.34 | — | — | — |
| Net Debt / Equity | — | -0.07 | -0.10 | -0.25 | -0.46 | -0.03 | -0.22 | -0.11 | -0.60 | -0.69 | -0.59 |
| Net Debt / EBITDA | -0.23 | -0.23 | -0.28 | -0.49 | -0.58 | -0.06 | -0.33 | -0.24 | -1.16 | -1.31 | -1.07 |
| Debt / FCF | — | -0.49 | -0.41 | -1.89 | -0.67 | -0.07 | -0.42 | -0.56 | -3.17 | -1.75 | -1.63 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($183M) exceeds total debt ($141M)
CNS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Cohen & Steers, Inc.'s current ratio of 25.39x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 19.49x to 25.39x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 25.39 | 25.39 | 21.93 | 19.49 | 8.77 | 5.55 | 5.43 | 4.88 | 12.10 | 17.64 | 14.29 |
| Quick Ratio | 25.39 | 25.39 | 21.93 | 19.49 | 8.77 | 5.55 | 5.43 | 4.88 | 12.10 | 17.64 | 14.29 |
| Cash Ratio | 12.04 | 12.04 | 12.12 | 14.55 | 5.47 | 1.97 | 3.39 | 2.87 | 6.58 | 11.58 | 8.23 |
| Asset Turnover | — | 0.64 | 0.66 | 0.85 | 1.18 | 1.24 | 1.02 | 0.81 | 0.93 | 1.06 | 1.08 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
CNS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Cohen & Steers, Inc. returns 3.9% to shareholders annually — split between a 3.3% dividend yield and 0.6% buyback yield. The payout ratio of 78.8% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 4.2% (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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.3% | 2.5% | 3.0% | 3.4% | 3.2% | 3.4% | 5.4% | 11.0% | 4.4% | 4.5% | 4.9% |
| Payout Ratio | 78.8% | 78.8% | 87.1% | 62.8% | 69.8% | 159.9% | 120.9% | 157.1% | 106.9% | 76.2% | 105.6% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.2% | 3.2% | 3.4% | 5.4% | 4.7% | 2.1% | 4.4% | 7.0% | 4.1% | 6.0% | 4.6% |
| FCF Yield | 2.4% | 1.8% | 3.1% | 1.8% | 5.3% | 2.4% | 4.6% | 4.3% | 2.7% | 6.7% | 6.2% |
| Buyback Yield | 0.6% | 0.4% | 0.6% | 0.8% | 0.5% | 0.7% | 0.3% | 0.7% | 0.4% | 0.5% | 1.4% |
| Total Shareholder Yield | 3.9% | 3.0% | 3.6% | 4.2% | 3.7% | 4.1% | 5.7% | 11.7% | 4.8% | 5.1% | 6.2% |
| Shares Outstanding | — | $51M | $50M | $49M | $49M | $49M | $48M | $47M | $47M | $46M | $46M |
Peer Comparison
Compare CNS 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 |
|---|---|---|---|---|---|---|---|---|---|
 CNSYou | $4B | 23.8 | 19.3 | 42.3 | 46.8% | 33.4% | 28.3% | 19.2% | 0.8 |
 VRTS | $960M | 7.2 | 16.3 | — | 74.9% | 17.4% | 13.5% | 3.0% | 13.9 |
 VCTR | $5B | 20.2 | 9.7 | 22.3 | 71.1% | 42.5% | 18.6% | 15.2% | 1.5 |
 DHIL | $473M | 9.8 | 110.4 | — | 96.0% | 38.4% | 28.8% | 1.3% | 103.4 |
 GROW | $35M | -104.8 | — | — | 41.7% | -35.3% | -0.7% | -4.7% | — |
 HNNA | $78M | 7.8 | 3.4 | 5.9 | 70.1% | 37.0% | 10.5% | 7.3% | 3.0 |
 BEN | $16B | 34.2 | 22.8 | 17.8 | 80.3% | 6.9% | 3.7% | 1.6% | 11.7 |
 IVZ | $12B | -17.1 | 16.5 | 8.4 | 43.2% | -10.9% | -2.0% | -2.3% | 8.2 |
 AMG | $8B | 13.5 | 10.8 | 8.1 | 86.0% | 31.8% | 15.8% | 8.1% | 2.8 |
 APAM | $3B | 9.3 | 6.9 | 15.6 | 45.7% | 33.4% | 37.9% | 26.7% | 1.0 |
 MORN | $6B | 18.9 | 10.2 | 14.4 | 61.0% | 21.5% | 26.3% | 15.3% | 2.0 |
| Financial Services Median | — | 13.4 | 11.4 | 10.6 | 63.4% | 21.2% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonCNS — Frequently Asked Questions
Quick answers to the most common questions about buying CNS stock.
What is Cohen & Steers, Inc.'s P/E ratio?
Cohen & Steers, Inc.'s current P/E ratio is 23.8x. The historical average is 26.5x. This places it at the 53th percentile of its historical range.
What is Cohen & Steers, Inc.'s EV/EBITDA?
Cohen & Steers, Inc.'s current EV/EBITDA is 19.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.4x.
What is Cohen & Steers, Inc.'s ROE?
Cohen & Steers, Inc.'s return on equity (ROE) is 28.3%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 30.0%.
Is CNS stock overvalued?
Based on historical data, Cohen & Steers, Inc. is trading at a P/E of 23.8x. This is at the 53th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Cohen & Steers, Inc.'s dividend yield?
Cohen & Steers, Inc.'s current dividend yield is 3.32% with a payout ratio of 78.8%.
What are Cohen & Steers, Inc.'s profit margins?
Cohen & Steers, Inc. has 46.8% gross margin and 33.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Cohen & Steers, Inc. have?
Cohen & Steers, Inc.'s Debt/EBITDA ratio is 0.8x, indicating low leverage. A ratio below 2x is generally considered financially healthy.