Cohen & Steers, Inc. (CNS) Financial Ratios
24 years of historical data (2002–2025) · Financial Services · Asset Management
EV/EBITDA
↑
20.45
+9% vs avg
5yr avg: 18.81
30Y Low5.4·High84.6
P/FCF
↑
N/A
—
5yr avg: 40.56
30Y Low11.5·High79.8
P/B Ratio
↓
6.10
↓-27% vs avg
5yr avg: 8.31
30Y Low1.9·High16.1
ROE
↓
25.4%
↑-37% vs avg
5yr avg: 40.1%
30Y Low-1%·High74%
Debt/EBITDA
↑
0.73
↑+20% vs avg
5yr avg: 0.61
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 25.1x earnings, roughly in line with its 5-year average of 24.3x, sitting at the 65th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a premium of 85%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.9B | $3.2B | $4.7B | $3.8B | $3.2B | $4.5B | $3.6B | $3.0B | $1.6B | $2.2B | $1.6B |
| Enterprise Value | $3.9B | $3.2B | $4.7B | $3.7B | $3.1B | $4.4B | $3.6B | $3.0B | $1.6B | $2.0B | $1.4B |
| P/E Ratio → | 25.13 | 21.07 | 31.09 | 29.13 | 18.61 | 21.46 | 47.32 | 22.49 | 14.30 | 24.13 | 16.80 |
| P/S Ratio | 6.81 | 5.71 | 9.09 | 7.66 | 5.55 | 7.78 | 8.39 | 7.38 | 4.15 | 5.80 | 4.41 |
| P/B Ratio | 6.10 | 5.11 | 8.18 | 7.62 | 7.45 | 13.19 | 16.08 | 11.35 | 4.83 | 6.87 | 5.85 |
| P/FCF | — | — | 55.31 | 32.64 | 55.39 | 18.91 | 41.72 | 21.85 | 23.52 | 36.41 | 14.89 |
| P/OCF | — | — | 48.65 | 21.82 | 51.60 | 18.70 | 40.55 | 21.43 | 22.40 | 34.58 | 13.57 |
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 20.4x EBITDA, 9% above its 5-year average of 18.8x. The Financial Services sector median is 11.4x, placing the stock at a 79% 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 | — | 5.70 | 9.01 | 7.57 | 5.36 | 7.50 | 8.38 | 7.24 | 4.06 | 5.30 | 3.89 |
| EV / EBITDA | 20.45 | 17.14 | 25.33 | 21.85 | 13.87 | 15.85 | 32.43 | 16.97 | 9.87 | 12.17 | 9.85 |
| EV / EBIT | 21.72 | 17.08 | 24.25 | 22.53 | 13.80 | 16.64 | 36.68 | 17.82 | 10.08 | 12.75 | 10.00 |
| EV / FCF | — | — | 54.82 | 32.23 | 53.50 | 18.24 | 41.65 | 21.44 | 22.97 | 33.24 | 13.14 |
CNS Profitability
Margins and return-on-capital ratios measuring operating efficiency
Cohen & Steers, Inc. earns an operating margin of 31.3%, above the Financial Services sector average of 20.3%. Operating margins have compressed from 33.6% to 31.3% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 25.4% indicates solid capital efficiency, compared to the sector median of 9.0%. ROIC of 17.9% represents solid returns on invested capital versus a sector median of 5.5%.
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 | 57.5% | 57.5% | 46.8% | 48.1% | 49.1% | 53.5% | 37.0% | 51.6% | 53.7% | 53.7% | 52.3% |
| Operating Margin | 31.3% | 31.3% | 33.4% | 33.6% | 37.6% | 44.6% | 22.1% | 39.0% | 37.6% | 40.4% | 38.3% |
| Net Profit Margin | 27.0% | 27.0% | 29.2% | 26.4% | 29.8% | 36.2% | 17.8% | 32.8% | 29.1% | 24.0% | 26.3% |
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 | 25.4% | 25.4% | 28.3% | 28.1% | 44.4% | 74.3% | 31.1% | 44.6% | 34.5% | 31.2% | 36.5% |
| ROA | 17.8% | 17.8% | 19.5% | 18.3% | 29.3% | 50.3% | 20.4% | 30.5% | 25.6% | 24.7% | 29.1% |
| ROIC | 17.9% | 17.9% | 19.2% | 20.6% | 34.7% | 62.1% | 25.0% | 34.2% | 30.9% | 39.3% | 39.9% |
| ROCE | 21.0% | 21.0% | 22.8% | 23.9% | 38.7% | 66.2% | 27.2% | 39.0% | 35.5% | 44.3% | 44.7% |
CNS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Cohen & Steers, Inc. carries a Debt/EBITDA ratio of 0.7x, which is very conservative (83% below the sector average of 4.3x). The company holds a net cash position — cash of $145M exceeds total debt of $138M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.22 | 0.22 | 0.25 | 0.29 | 0.33 | 0.07 | 0.16 | 0.16 | 0.16 | — | — |
| Debt / EBITDA | 0.73 | 0.73 | 0.77 | 0.83 | 0.63 | 0.09 | 0.31 | 0.25 | 0.34 | — | — |
| Net Debt / Equity | — | -0.01 | -0.07 | -0.10 | -0.25 | -0.46 | -0.03 | -0.22 | -0.11 | -0.60 | -0.69 |
| Net Debt / EBITDA | -0.04 | -0.04 | -0.23 | -0.28 | -0.49 | -0.58 | -0.06 | -0.33 | -0.24 | -1.16 | -1.31 |
| Debt / FCF | — | — | -0.49 | -0.41 | -1.89 | -0.67 | -0.07 | -0.42 | -0.56 | -3.17 | -1.75 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($145M) exceeds total debt ($138M)
CNS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Cohen & Steers, Inc.'s current ratio of 14.76x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 21.93x to 14.76x 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 | 14.76 | 14.76 | 25.39 | 21.93 | 19.49 | 8.77 | 5.55 | 5.43 | 4.88 | 12.10 | 17.64 |
| Quick Ratio | 14.76 | 14.76 | 25.39 | 21.93 | 19.49 | 8.77 | 5.55 | 5.43 | 4.88 | 12.10 | 17.64 |
| Cash Ratio | 9.45 | 9.45 | 12.04 | 12.12 | 14.55 | 5.47 | 1.97 | 3.39 | 2.87 | 6.58 | 11.58 |
| Asset Turnover | — | 0.62 | 0.64 | 0.66 | 0.85 | 1.18 | 1.24 | 1.02 | 0.81 | 0.93 | 1.06 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
CNS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Cohen & Steers, Inc. returns 4.0% to shareholders annually — split between a 3.3% dividend yield and 0.7% buyback yield. The payout ratio of 82.8% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 4.0% (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 | 3.3% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 82.8% | 82.8% | 78.8% | 87.1% | 62.8% | 69.8% | 159.9% | 120.9% | 157.1% | 106.9% | 76.2% |
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 | 4.0% | 4.7% | 3.2% | 3.4% | 5.4% | 4.7% | 2.1% | 4.4% | 7.0% | 4.1% | 6.0% |
| FCF Yield | — | — | 1.8% | 3.1% | 1.8% | 5.3% | 2.4% | 4.6% | 4.3% | 2.7% | 6.7% |
| Buyback Yield | 0.7% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 4.0% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $52M | $51M | $50M | $49M | $49M | $49M | $48M | $47M | $47M | $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 | 25.1 | 20.4 | — | 57.5% | 31.3% | 25.4% | 17.9% | 0.7 |
 VRTS | $948M | 7.1 | 16.2 | — | 74.9% | 17.4% | 13.5% | 3.0% | 13.9 |
 VCTR | $6B | 21.3 | 10.2 | 23.5 | 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 | $39M | -124.0 | — | — | 41.7% | -35.3% | -0.7% | -4.7% | — |
 HNNA | $81M | 8.1 | 3.6 | 6.1 | 70.1% | 37.0% | 10.5% | 7.3% | 3.0 |
 BEN | $17B | 36.3 | 23.7 | 18.8 | 80.3% | 6.9% | 3.7% | 1.6% | 11.7 |
 IVZ | $13B | -17.6 | 16.8 | 8.7 | 43.2% | -10.9% | -2.0% | -2.3% | 8.2 |
 AMG | $9B | 15.5 | 12.2 | 9.4 | 86.0% | 31.8% | 15.8% | 8.1% | 2.8 |
 APAM | $3B | 8.9 | 6.6 | 14.8 | 45.7% | 33.4% | 37.9% | 26.7% | 1.0 |
 MORN | $6B | 17.3 | 9.5 | 13.2 | 61.0% | 21.5% | 26.3% | 15.3% | 2.0 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 24 years · Updated daily
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
CNS — 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 25.1x. The historical average is 26.3x. This places it at the 65th percentile of its historical range.
What is Cohen & Steers, Inc.'s EV/EBITDA?
Cohen & Steers, Inc.'s current EV/EBITDA is 20.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.3x.
What is Cohen & Steers, Inc.'s ROE?
Cohen & Steers, Inc.'s return on equity (ROE) is 25.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 29.8%.
Is CNS stock overvalued?
Based on historical data, Cohen & Steers, Inc. is trading at a P/E of 25.1x. This is at the 65th 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 3.28% with a payout ratio of 82.8%.
What are Cohen & Steers, Inc.'s profit margins?
Cohen & Steers, Inc. has 57.5% gross margin and 31.3% 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 0.7x, indicating low leverage. A ratio below 2x is generally considered financially healthy.