Cushman & Wakefield plc (CWK) Financial Ratios
10 years of historical data (2016–2025) · Real Estate · Real Estate - Services
EV/EBITDA
↑
10.42
-1% vs avg
5yr avg: 10.50
30Y Low0.5·High18.7
P/FCF
↑
11.62
↓-29% vs avg
5yr avg: 16.39
30Y Low10.2·High24.3
P/B Ratio
↓
1.74
↓-16% vs avg
5yr avg: 2.06
30Y Low0.8·High3.5
ROE
↓
4.8%
↑-44% vs avg
5yr avg: 8.5%
30Y Low-15%·High20%
Debt/EBITDA
↑
5.76
↓-5% vs avg
5yr avg: 6.04
30Y Low0.3·High12.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CWK Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Cushman & Wakefield plc trades at 38.2x earnings, 52% above its 5-year average of 25.2x, sitting at the 75th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.1x, the stock trades at a premium of 58%. On a free-cash-flow basis, the stock trades at 11.6x P/FCF, 29% below the 5-year average of 16.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.4B | $3.8B | $3.0B | $2.5B | $2.8B | $5.0B | $3.3B | $4.6B | $2.5B | — | — |
| Enterprise Value | $5.9B | $6.3B | $5.6B | $5.2B | $5.8B | $7.9B | $6.2B | $6.9B | $4.3B | — | — |
| P/E Ratio → | 38.24 | 42.61 | 23.36 | — | 14.49 | 20.22 | — | 22711.11 | — | — | — |
| P/S Ratio | 0.33 | 0.37 | 0.32 | 0.26 | 0.28 | 0.54 | 0.42 | 0.52 | 0.30 | — | — |
| P/B Ratio | 1.74 | 1.94 | 1.73 | 1.46 | 1.71 | 3.48 | 2.99 | 1.29 | 0.80 | — | — |
| P/FCF | 11.62 | 12.97 | 18.23 | 24.21 | — | 10.16 | — | 24.28 | — | — | — |
| P/OCF | 10.00 | 11.16 | 14.64 | 16.10 | 57.86 | 9.17 | — | 17.04 | — | — | — |
P/E links to full P/E history page with 30-year chart
CWK EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Cushman & Wakefield plc's enterprise value stands at 10.4x EBITDA, roughly in line with its 5-year average of 10.5x. The Real Estate sector median is 16.7x, placing the stock at a 37% 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 | — | 0.61 | 0.59 | 0.55 | 0.57 | 0.84 | 0.79 | 0.79 | 0.52 | — | — |
| EV / EBITDA | 10.42 | 11.12 | 12.07 | 11.69 | 7.39 | 10.25 | 18.74 | 11.45 | 0.52 | — | — |
| EV / EBIT | 12.78 | 18.94 | 14.32 | 20.90 | 10.91 | 15.26 | 1539.77 | 35.35 | 302.56 | — | — |
| EV / FCF | — | 21.36 | 33.32 | 51.87 | — | 15.99 | — | 36.47 | — | — | — |
CWK Profitability
Margins and return-on-capital ratios measuring operating efficiency
Cushman & Wakefield plc earns an operating margin of 4.5%, below the Real Estate sector average of 26.0%. Operating margins have expanded from 2.2% to 4.5% over the past 3 years, signaling improving operational efficiency. ROE of 4.8% is modest. ROIC of 7.9% 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 | 16.2% | 16.2% | 18.3% | 17.4% | 19.3% | 20.7% | 17.7% | 20.2% | 19.2% | 18.5% | 18.5% |
| Operating Margin | 4.5% | 4.5% | 3.6% | 2.2% | 5.3% | 5.3% | -0.7% | 2.1% | 0.2% | -2.5% | -4.8% |
| Net Profit Margin | 0.9% | 0.9% | 1.4% | -0.4% | 1.9% | 2.7% | -2.8% | 0.0% | -2.3% | -3.2% | -7.0% |
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 | 4.8% | 4.8% | 7.6% | -2.1% | 12.6% | 19.7% | -9.5% | 0.0% | -6.2% | -7.7% | -15.4% |
| ROA | 1.2% | 1.2% | 1.7% | -0.5% | 2.5% | 3.3% | -3.0% | 0.0% | -3.0% | -3.8% | -7.6% |
| ROIC | 7.9% | 7.9% | 5.8% | 3.4% | 9.0% | 9.0% | -0.8% | 2.6% | 0.2% | -2.5% | -4.3% |
| ROCE | 7.2% | 7.2% | 6.4% | 3.8% | 9.7% | 9.3% | -1.1% | 4.0% | 0.3% | -4.3% | -7.3% |
CWK Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Cushman & Wakefield plc carries a Debt/EBITDA ratio of 5.8x, which is highly leveraged (27% below the sector average of 7.9x). Net debt stands at $2.5B ($3.2B total debt minus $784M cash). Interest coverage of just 1.5x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.66 | 1.66 | 1.89 | 2.13 | 2.16 | 2.52 | 3.61 | 0.88 | 0.87 | 0.99 | 0.94 |
| Debt / EBITDA | 5.76 | 5.76 | 7.19 | 7.94 | 4.59 | 4.73 | 12.05 | 5.18 | 0.33 | 0.41 | 0.43 |
| Net Debt / Equity | — | 1.26 | 1.44 | 1.67 | 1.78 | 1.99 | 2.63 | 0.65 | 0.58 | 0.85 | 0.81 |
| Net Debt / EBITDA | 4.37 | 4.37 | 5.46 | 6.23 | 3.76 | 3.73 | 8.78 | 3.83 | 0.22 | 0.35 | 0.37 |
| Debt / FCF | — | 8.39 | 15.09 | 27.65 | — | 5.82 | — | 12.19 | — | — | — |
| Interest Coverage | 1.53 | 1.53 | 1.69 | 0.89 | 2.75 | 2.89 | 0.02 | 1.29 | 0.06 | -0.78 | -1.53 |
CWK Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Cushman & Wakefield plc's current ratio of 22.76x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 1.17x to 22.76x 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 | 22.76 | 22.76 | 1.15 | 1.17 | 1.16 | 1.16 | 1.40 | 1.23 | 1.35 | 0.97 | 1.13 |
| Quick Ratio | 22.76 | 22.76 | 1.15 | 1.17 | 1.16 | 1.16 | 1.40 | 1.23 | 1.35 | 0.97 | 1.13 |
| Cash Ratio | 6.28 | 6.28 | 0.34 | 0.32 | 0.27 | 0.32 | 0.52 | 0.35 | 0.44 | 0.21 | 0.24 |
| Asset Turnover | — | 1.34 | 1.25 | 1.22 | 1.27 | 1.19 | 1.07 | 1.22 | 1.26 | 1.19 | 1.09 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
CWK Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Cushman & Wakefield plc returns 0.3% to shareholders annually primarily through share buybacks. The earnings yield of 2.6% (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 | 2.6% | 2.3% | 4.3% | — | 6.9% | 4.9% | — | 0.0% | — | — | — |
| FCF Yield | 8.6% | 7.7% | 5.5% | 4.1% | — | 9.8% | — | 4.1% | — | — | — |
| Buyback Yield | 0.3% | 0.3% | 0.3% | 0.3% | 1.0% | 0.2% | 0.6% | 0.7% | 0.6% | — | — |
| Total Shareholder Yield | 0.3% | 0.3% | 0.3% | 0.3% | 1.0% | 0.2% | 0.6% | 0.7% | 0.6% | — | — |
| Shares Outstanding | — | $235M | $233M | $227M | $228M | $227M | $221M | $225M | $171M | $181M | $181M |
Peer Comparison
Compare CWK 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 |
|---|---|---|---|---|---|---|---|---|---|
 CWKYou | $3B | 38.2 | 10.4 | 11.6 | 16.2% | 4.5% | 4.8% | 7.9% | 5.8 |
 JLL | $15B | 19.4 | 12.3 | 15.1 | 99.0% | 4.5% | 10.9% | 8.9% | 2.4 |
 CBRE | $42B | 37.0 | 24.2 | 35.0 | 15.0% | 3.2% | 12.3% | 6.2% | 4.8 |
 MMI | $1B | -585.1 | — | 18.6 | 37.7% | -1.8% | -0.3% | -1.9% | — |
 NEN | $168M | 34.7 | -1.1 | 0.0 | 16.4% | 24.4% | — | — | 0.0 |
 NMRK | $3B | 24.0 | 11.2 | 21.1 | 94.6% | 7.0% | 7.7% | 5.2% | 4.8 |
 DOUG | $176M | 11.7 | — | — | 16.8% | -5.9% | 8.8% | -26.1% | — |
 COMP | $4B | -72.6 | 52.0 | 20.1 | 10.6% | -0.4% | -9.8% | -2.5% | 5.4 |
 RMR | $293M | 18.9 | 8.1 | 4.1 | 76.9% | 6.0% | 4.3% | 6.7% | 3.8 |
 CRM | $180B | 24.0 | 20.1 | 12.5 | 77.7% | 21.5% | 12.4% | 10.9% | 0.8 |
 FULT | $4B | 10.4 | 9.8 | 14.6 | 67.4% | 25.7% | 11.7% | 7.5% | 2.5 |
| 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 →
Download Financial Ratios Data
Includes 30+ ratios · 10 years · Updated daily
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Start ComparisonCWK — Frequently Asked Questions
Quick answers to the most common questions about buying CWK stock.
What is Cushman & Wakefield plc's P/E ratio?
Cushman & Wakefield plc's current P/E ratio is 38.2x. The historical average is 25.2x. This places it at the 75th percentile of its historical range.
What is Cushman & Wakefield plc's EV/EBITDA?
Cushman & Wakefield plc's current EV/EBITDA is 10.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.4x.
What is Cushman & Wakefield plc's ROE?
Cushman & Wakefield plc's return on equity (ROE) is 4.8%. The historical average is 0.4%.
Is CWK stock overvalued?
Based on historical data, Cushman & Wakefield plc is trading at a P/E of 38.2x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Cushman & Wakefield plc's profit margins?
Cushman & Wakefield plc has 16.2% gross margin and 4.5% operating margin.
How much debt does Cushman & Wakefield plc have?
Cushman & Wakefield plc's Debt/EBITDA ratio is 5.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.