CBRE Group (CBRE)

Real Estate · $38.8B market cap · SEC CIK 0001138118

Next reports on Feb 10, 2027, after the close, with analysts expecting $2.69 in earnings per share.

52-week range $121.44 to $174.27. 23% below its 52-week high and 11% above its low.

The case for CBRE

• Revenue growing 14.2% year over year.
• Has compounded revenue at 11.2% a year over five years.
• Return on equity of 16%.
• Price/sales of 0.9× is lower than 100% of Real Estate companies.

The case against

• Pricey for its growth: 28.1× earnings, where 8%+ a year of growth would justify about 20×.
• Net margin of 3.1% leaves very little room for error.
• The price trend is weak (33/100): −9.5% over a year, −4.0% over three months, 23% below its 52-week high.
• Trailed the S&P 500 by 22 points over the past year.

What the score is made of

Each factor is half a curve over reported figures and half a rank among the other Real Estate companies (momentum is judged against fixed thresholds only), and the five are blended by weight. The score is where that blend places it in the S&P 500. It describes the last filing and the current price. It is not a forecast.

• Each factor except momentum is half fixed thresholds, half rank among the 30 Real Estate companies.

The financials

The financials, five years deep

Pulled from CBRE Group's XBRL filings on SEC EDGAR. Italic rows are worked out from the others.

What CBRE Group says it does

Company Overview CBRE is the world’s largest commercial real estate services and investments firm (based on 2025 revenue). We derive competitive advantage from our considerable scale and ability to offer integrated solutions for real estate investors and occupiers in more than 100 countries. We are global market leaders in most of our business lines and drive significant growth by helping clients optimize real estate costs, value, investment returns and workplace experiences. These capabilities, combined with our extensive knowledge platform (research, data, strategy, etc.), allow us to generate superior outcomes for our clients, which included nearly 90% of Fortune 100 companies and many of the world’s largest institutional real estate investors in 2025. Our growth opportunity is enhanced by the large and expanding total addressable market for our services. We are focused on cementing our leadership position in each of our businesses…

Risk factors CBRE lists in its 10-K

• Adverse developments in the credit markets may materially harm our business, results of operations and financial condition
• Currency fluctuations could have a material adverse effect on our business, financial condition and operating results
• The global nature of our operations subject us to international social, political, legal and economic risks across a number of jurisdictions
• Our growth and financial performance have benefited significantly from acquisitions, which may not perform as expected and similar opportunities may not be available in the future
• Our brand and reputation are key assets of our company, and our business may be affected by how we are perceived in the marketplace
• The success of our BOE business depends on our ability to enter into mutually beneficial contracts, deliver high quality levels of service, manage our contractual obligations and accurately assess working capital requirements
• We have concentrations of business with large clients, which may cause increased credit risk and greater impact from the loss of certain clients and increased risks from higher limitations of liability in contracts
• A significant portion of our loan origination and servicing business depends upon our relationships with U.S. Government Sponsored Enterprises (GSEs)
• A failure by third parties to comply with service level agreements or regulatory or legal requirements could result in economic and reputational harm to us
• Our success depends upon the retention of our senior management, as well as our ability to attract and retain qualified and experienced employees
• If we are unable to manage the organizational challenges associated with our global operations, we might be unable to achieve our business objectives
• Our policies, procedures and programs to safeguard the health, safety and security of our employees and others may not be adequate
• We may be subject to actual or perceived conflicts of interest
• Catastrophic events, failures or negligence impacting the buildings that we manage may lead to significant financial liability and reputational harm, including as a result of litigation, government fines and penalties
• Our joint venture activities and affiliate program involve risks that are often outside of our control and that, if realized, could materially harm our business
• Our debt instruments impose operating and financial restrictions on us, and in the event of a default, all of our borrowings would become immediately due and payable
• Our variable rate indebtedness subjects us to interest rate risk, which could cause our debt service obligations to increase significantly and potentially limit our ability to effectively refinance our indebtedness as it matures
• Failure to maintain and execute information technology strategies and ensure that our employees adapt to changes in technology could materially and adversely affect our ability to remain competitive in the market
• We are subject to various litigation and regulatory risks and may face financial liabilities and/or damage to our reputation as a result of litigation or regulatory investigations or proceedings
• Evolving corporate governance and public disclosure regulations and expectations, including with respect to sustainability matters, could expose us to risks
• Exposure to additional tax liabilities and changes in tax laws and regulations could adversely affect our financial results
• Our goodwill and other intangible assets could become impaired, which may require us to take material non-cash charges against earnings

Filings

Other Real Estate companies