Cousins Properties Incorporated (CUZ) Financial Ratios
30 years of historical data (1996–2025) · Real Estate · REIT - Office
EV/EBITDA
↓
12.52
↓-11% vs avg
5yr avg: 14.04
30Y Low10.1·High19.4
P/FCF
↑
32.01
↓-44% vs avg
5yr avg: 57.44
30Y Low6.4·High165.9
P/B Ratio
↓
0.94
-2% vs avg
5yr avg: 0.97
30Y Low0.4·High2.0
ROE
↓
0.8%
↑-68% vs avg
5yr avg: 2.7%
30Y Low-18%·High64%
Debt/EBITDA
↑
5.76
+9% vs avg
5yr avg: 5.30
30Y Low2.3·High11.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CUZ Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Cousins Properties Incorporated trades at 109.5x earnings, 85% above its 5-year average of 59.2x, sitting at the 100th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.2x, the stock trades at a premium of 352%. On a free-cash-flow basis, the stock trades at 32.0x P/FCF, 44% below the 5-year average of 57.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.3B | $4.3B | $4.7B | $3.7B | $3.8B | $6.0B | $5.0B | $5.3B | $3.4B | $3.9B | $2.2B |
| Enterprise Value | $8.0B | $8.0B | $7.9B | $6.2B | $6.2B | $8.3B | $7.2B | $7.6B | $4.4B | $4.9B | $3.5B |
| P/E Ratio → | 109.46 | 107.42 | 102.13 | 44.27 | 13.60 | 28.57 | 28.88 | 52.82 | 42.70 | 17.79 | 27.45 |
| P/S Ratio | 4.35 | 4.38 | 5.51 | 4.61 | 4.99 | 7.94 | 6.73 | 8.14 | 7.11 | 8.40 | 8.41 |
| P/B Ratio | 0.94 | 0.92 | 0.97 | 0.81 | 0.82 | 1.30 | 1.11 | 1.21 | 1.20 | 1.39 | 0.87 |
| P/FCF | 32.01 | 32.21 | 31.99 | 41.67 | 165.94 | 15.40 | 14.18 | 17.64 | — | — | 976.58 |
| P/OCF | 10.75 | 10.81 | 11.79 | 10.05 | 10.42 | 15.40 | 14.18 | 17.64 | 14.74 | 18.50 | 19.58 |
P/E links to full P/E history page with 30-year chart
CUZ EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Cousins Properties Incorporated's enterprise value stands at 12.5x EBITDA, 11% below its 5-year average of 14.0x. The Real Estate sector median is 16.8x, placing the stock at a 25% discount 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 | — | 8.07 | 9.17 | 7.73 | 8.12 | 10.96 | 9.72 | 11.58 | 9.34 | 10.42 | 13.60 |
| EV / EBITDA | 12.52 | 12.56 | 14.56 | 12.31 | 13.01 | 17.75 | 12.25 | 19.37 | 10.08 | 10.31 | 11.86 |
| EV / EBIT | 35.85 | 35.96 | 46.48 | 32.79 | 25.78 | 23.93 | 24.09 | 36.85 | 36.92 | 66.29 | 3678.49 |
| EV / FCF | — | 59.38 | 53.27 | 69.87 | 269.87 | 21.26 | 20.50 | 25.12 | — | — | 1579.56 |
CUZ Profitability
Margins and return-on-capital ratios measuring operating efficiency
Cousins Properties Incorporated earns an operating margin of 22.4%, below the Real Estate sector average of 24.7%. Operating margins have compressed from 23.6% to 22.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 0.8% is modest. ROIC of 2.0% represents below-average 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 | 26.5% | 26.5% | 67.2% | 66.8% | 66.1% | 65.6% | 66.1% | 66.2% | 65.3% | 64.8% | 62.6% |
| Operating Margin | 22.4% | 22.4% | 20.4% | 23.6% | 23.6% | 23.6% | — | 20.7% | 14.2% | 16.7% | 15.0% |
| Net Profit Margin | 4.1% | 4.1% | 5.4% | 10.3% | 21.9% | 36.9% | 32.0% | 15.4% | 16.7% | 46.4% | 30.5% |
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 | 0.8% | 0.8% | 1.0% | 1.8% | 3.6% | 6.1% | 5.3% | 2.8% | 2.8% | 8.1% | 3.8% |
| ROA | 0.5% | 0.5% | 0.6% | 1.1% | 2.2% | 3.9% | 3.3% | 1.8% | 1.9% | 5.2% | 2.3% |
| ROIC | 2.0% | 2.0% | 1.7% | 2.0% | 1.9% | 2.0% | — | 1.9% | 1.3% | 1.5% | 0.9% |
| ROCE | 2.8% | 2.8% | 2.3% | 2.7% | 2.6% | 2.6% | — | 2.5% | 1.7% | 1.9% | 1.2% |
CUZ Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Cousins Properties Incorporated carries a Debt/EBITDA ratio of 5.8x, which is highly leveraged (25% below the sector average of 7.7x). Net debt stands at $3.7B ($3.7B total debt minus $6M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.78 | 0.78 | 0.65 | 0.55 | 0.51 | 0.50 | 0.49 | 0.52 | 0.38 | 0.39 | 0.55 |
| Debt / EBITDA | 5.76 | 5.76 | 5.83 | 4.98 | 5.02 | 4.91 | 3.78 | 5.80 | 2.41 | 2.32 | 4.65 |
| Net Debt / Equity | — | 0.78 | 0.64 | 0.55 | 0.51 | 0.50 | 0.49 | 0.51 | 0.38 | 0.33 | 0.54 |
| Net Debt / EBITDA | 5.75 | 5.75 | 5.82 | 4.97 | 5.01 | 4.89 | 3.77 | 5.76 | 2.41 | 2.00 | 4.53 |
| Debt / FCF | — | 27.17 | 21.28 | 28.19 | 103.93 | 5.86 | 6.31 | 7.48 | — | — | 602.97 |
| Interest Coverage | — | — | 1.38 | 1.79 | 3.31 | 5.16 | 4.93 | 3.83 | 3.05 | 2.19 | 0.04 |
CUZ Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.34x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.44x to 0.34x 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 | 0.34 | 0.34 | 0.38 | 0.44 | 0.46 | 0.53 | 1.00 | 1.59 | 0.66 | 1.59 | 0.83 |
| Quick Ratio | 0.34 | 0.34 | 0.38 | 0.44 | 0.46 | 0.53 | 1.00 | 1.59 | 0.66 | 1.59 | 0.83 |
| Cash Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.01 | 0.05 | 0.02 | 0.85 | 0.25 |
| Asset Turnover | — | 0.11 | 0.10 | 0.11 | 0.10 | 0.10 | 0.10 | 0.09 | 0.11 | 0.11 | 0.06 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
CUZ Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Cousins Properties Incorporated returns 4.9% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 532.8%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 0.9% (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 | 4.9% | 5.0% | 4.1% | 5.2% | 5.1% | 3.0% | 3.5% | 2.7% | 3.2% | 2.5% | 2.3% |
| Payout Ratio | 532.8% | 532.8% | 425.2% | 234.3% | 115.3% | 65.6% | 74.3% | 140.7% | 135.4% | 45.8% | 63.9% |
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 | 0.9% | 0.9% | 1.0% | 2.3% | 7.4% | 3.5% | 3.5% | 1.9% | 2.3% | 5.6% | 3.6% |
| FCF Yield | 3.1% | 3.1% | 3.1% | 2.4% | 0.6% | 6.5% | 7.1% | 5.7% | — | — | 0.1% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.6% |
| Total Shareholder Yield | 4.9% | 5.0% | 4.2% | 5.2% | 5.1% | 3.0% | 3.5% | 2.7% | 3.2% | 2.5% | 3.0% |
| Shares Outstanding | — | $169M | $154M | $152M | $150M | $149M | $149M | $130M | $107M | $106M | $64M |
Peer Comparison
Compare CUZ 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 |
|---|---|---|---|---|---|---|---|---|---|
 CUZYou | $4B | 109.5 | 12.5 | 32.0 | 26.5% | 22.4% | 0.8% | 2.0% | 5.8 |
 HIW | $3B | 17.6 | 12.7 | 16.9 | 67.6% | 26.0% | 6.6% | 2.7% | 7.2 |
 PDM | $1B | -12.7 | 10.9 | — | -20.7% | 14.1% | -5.4% | 1.5% | 7.4 |
 DEA | $1B | 80.3 | 13.9 | 4.2 | -0.9% | 24.9% | 0.9% | 2.1% | 8.5 |
 VRE | $2B | 23.7 | 23.1 | 32.4 | 1.3% | 17.1% | 6.0% | 1.3% | 10.1 |
 BXP | $9B | 34.2 | 8.9 | 13.7 | 60.6% | 55.7% | 3.5% | 6.1% | 6.1 |
 KRC | $4B | 14.9 | 13.3 | — | 67.0% | 28.4% | 4.9% | 2.3% | 7.3 |
 SLG | $3B | -28.5 | 26.3 | — | 34.1% | 15.4% | -2.0% | 1.1% | 19.3 |
 VNO | $6B | 7.6 | 17.3 | 4.8 | 100.0% | 15.0% | 13.9% | 1.4% | 10.5 |
 HPP | $638M | -0.9 | 13.0 | 6.5 | -42.1% | -5.7% | -17.3% | -0.5% | 11.5 |
 CBRE | $43B | 38.1 | 24.8 | 36.0 | 15.0% | 3.2% | 12.3% | 6.2% | 4.8 |
| Real Estate Median | — | 24.2 | 16.8 | 15.6 | 50.1% | 24.7% | 3.5% | 2.7% | 7.7 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonCUZ — Frequently Asked Questions
Quick answers to the most common questions about buying CUZ stock.
What is Cousins Properties Incorporated's P/E ratio?
Cousins Properties Incorporated's current P/E ratio is 109.5x. The historical average is 29.4x. This places it at the 100th percentile of its historical range.
What is Cousins Properties Incorporated's EV/EBITDA?
Cousins Properties Incorporated's current EV/EBITDA is 12.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.5x.
What is Cousins Properties Incorporated's ROE?
Cousins Properties Incorporated's return on equity (ROE) is 0.8%. The historical average is 10.4%.
Is CUZ stock overvalued?
Based on historical data, Cousins Properties Incorporated is trading at a P/E of 109.5x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Cousins Properties Incorporated's dividend yield?
Cousins Properties Incorporated's current dividend yield is 4.87% with a payout ratio of 532.8%.
What are Cousins Properties Incorporated's profit margins?
Cousins Properties Incorporated has 26.5% gross margin and 22.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Cousins Properties Incorporated have?
Cousins Properties Incorporated's Debt/EBITDA ratio is 5.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.