CBRE Group Inc Class A (CBRE) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of CBRE Group Inc Class A stock $89.81, price $136, that is 34.1% below the price, quality 54 out of 100. Rating: overvalued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 1, 2026.
How to read this chart
60‑month range $65.76 – $171.61 · fair‑value band $47.76 – $160.01 · the $136.35 price screens above the $89.81 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 1, 2026.
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CBRE Group, Inc. operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The company operates through Advisory Services, Building Operations and Experience, Project Management, and Real Estate Investments segments.
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The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, lease administration, accounting, investment reporting services, financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.
The Global Workplace Solutions segment provides facilities management, and project management services comprising building consulting, program, and project and cost management services under the Turner & Townsend brand name.
The Real Estate Investments segment offers investment management services under the CBRE Investment Management brand to pension funds, insurance companies, sovereign wealth funds, foundations, endowments, and other institutional investors and development services, such as real estate development and investment activities under the Trammell Crow Company brand to users and investors in commercial real estate, and for their own account.
CBRE Group, Inc. was founded in 1906 and is headquartered in Dallas, Texas.
Stock analysis
CBRE Group Inc Class A (CBRE) currently trades at $136.35, while our model-based Fair Value estimate is $89.81, 34% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $97.32 per share, and 1 of the 12 models we run sit above the $136.35 price.
Bear case: the Economic Profit group reads lowest at $34.25, and 11 of the 12 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $47.76 (bear) to $160.01 (bull), the price of $136.35 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 54/100 (solid quality), in the Real Estate sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
CBRE Group Inc Class A reported revenue of $40.6B in FY2025 versus $27.7B in FY2021, a compound +10.0%/yr. Reported net income was $1.2B in FY2025, compounding −10.9%/yr from FY2021.
Key figures
Market cap $40.5B Large · P/E ratio 29.2 · P/S ratio 0.90 · EPS (TTM) $4.67 · Net margin 3.1% · Return on equity 16.2% · Return on assets (EBIT) 5.9% · Operating margin 3.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (medium confidence).
What moves the price
The share trades about 21% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at −34%, CBRE screens richer than that median.
Fair Value models
Bear$47.76Fair Value $89.81Bull$160.01
Price $136.35 · Downside -34.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($3.97 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 3 officers or directors sold shares worth $1.1M and none bought.
SaleChad J DoellingerChief Legal & Admin. Officer3× since Mar 11, 2026: 922 shares, avg. $137.52$126,798Aug 13, 202610b5-1 plan
SaleEmma E. GiamartinoCFO & Chief Investment Officer3× since Feb 26, 2026: 13,723 shares, avg. $145.63$2.0MAug 13, 202610b5-1 plan
SaleVikramaditya KohliCOO & CEO, Advisory Services2× since Nov 10, 2025: 3,666 shares, avg. $150.66$552,310Jul 29, 202610b5-1 plan
Plus 9 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.84/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+13.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.2%
Start year 2020 (pandemic). Over 10 years: +14.1% a year
Revenue growth 24 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+19.5%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+5.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.1%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.0.4% vs 9.0%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 3%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+22.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+10.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +19.3% a year for the price and +7.7% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (99 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: Scale supports recurring facilities management via data center contracts yet low net margins and sensitivity to transaction volumes keep the moat narrow.
Main risk: Generative AI tools could automate brokerage, valuation and market intelligence tasks, eroding fees and margins in the advisory services segment that accounts for a significant portion of revenue.
Bull case: By deploying its own Ellis AI platform across facilities and advisory, CBRE could enhance efficiency, win new data center contracts and maintain or grow margins despite automation pressures.
Bear case: If AI commoditizes core advisory services and large clients defect to cheaper alternatives, CBRE might see sustained fee erosion and loss of scale advantages in transaction businesses.
CBRE recently secured a five-year contract to operate and maintain the first building of a large data center project in Texas, with potential to cover additional buildings as they come online. This builds on its recurring facilities management work while the advisory and brokerage segments remain sensitive to transaction volumes. Our models currently see it as overvalued. Does the push into infrastructure services create a more stable earnings profile than pure-play transaction businesses, or will cyclical leasing and capital markets activity still set the pace?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Real Estate Services · 472 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside−34.1% · Below median
Profitability
Return on equity (12 months)16.2% · Top 25%
Return on assets3.8% · Above median
Net margin (12 months)3.1% · Below median
Operating margin (12 months)3.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)12.7% · Above median
Balance sheet
Debt / equity0.57× · Above median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/E (12 months)29.2× · Priciest 25%
P/B4.56× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "CBRE Group Inc Class A Fair Value". https://www.fairvalue-calculator.com/stock/CBRE
Frequently asked questions
Is CBRE Group Inc Class A (CBRE) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of $89.81 versus a price of $136.35, about 34% lower (overvalued).
What is the fair value of CBRE?
Our model-based fair value for CBRE Group Inc Class A is $89.81 (as of Nov 1, 2026), built from audited fundamentals. The current price: $136.35.
What is the quality score of CBRE?
CBRE Group Inc Class A has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for CBRE Group Inc Class A (CBRE)?
Our model-based price target is the fair value of $89.81 (as of Nov 1, 2026) from 12 valuation models. Cautious scenario $47.76, optimistic scenario $160.01. It is a calculation from audited fundamentals, not an analyst target.
What is the CBRE Group Inc Class A stock forecast for 2026?
Our models put fair value at $89.81, about 34% lower versus a price of $136.35 (overvalued). Cautious scenario $47.76, optimistic scenario $160.01. The calculation is refreshed regularly with new filings.
What is the revenue of CBRE Group Inc Class A (CBRE)?
CBRE Group Inc Class A reported trailing-twelve-month revenue of about $45.0B (latest available figure, as of Nov 1, 2026).
What growth is priced into CBRE Group Inc Class A (CBRE)?
For today's price to be fair in a discounted-cash-flow model, CBRE Group Inc Class A would have to grow free cash flow by +22.2 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.2 % per year. As of Nov 1, 2026.
What discount rate (WACC) does the fair value of CBRE use?
Our models discount CBRE Group Inc Class A at 9.8 %: a base by market capitalisation (large), damped by beta 1.23, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For CBRE Group Inc Class A that is +22.2 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has CBRE Group Inc Class A (CBRE) delivered so far?
Over the past 5 years revenue at CBRE Group Inc Class A grew +11.2 % a year. The price currently implies +22.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of CBRE Group Inc Class A (CBRE) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into CBRE Group Inc Class A (+22.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of CBRE Group Inc Class A (CBRE)?
The free-cash-flow yield on the price is 2.95 %: that much free cash flow CBRE Group Inc Class A produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CBRE Group Inc Class A (CBRE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CBRE Group Inc Class A it is $89.81 per share (as of Nov 1, 2026), against a price of $136.35. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is CBRE Group Inc Class A stock overvalued or undervalued in 2026?
As of Nov 1, 2026, CBRE trades above its calculated fair value: price $136.35, fair value $89.81, a gap of about −34% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CBRE?
No. The price is what the market pays today ($136.35); the fair value is what the company's own numbers justify ($89.81). For CBRE Group Inc Class A the two are $46.54 per share apart. That gap is exactly why we show both numbers side by side.
How much is CBRE Group Inc Class A worth?
The market values CBRE Group Inc Class A at about $40.5B (market capitalisation, as of Nov 1, 2026). Per share that is $136.35; our models calculate a fair value of $89.81 per share.
What do the bullish and bearish scenarios say about CBRE?
Our models span a range for CBRE Group Inc Class A: cautious scenario $47.76, base $89.81, optimistic $160.01 per share (as of Nov 1, 2026, price $136.35). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CBRE?
CBRE Group Inc Class A trades at a price-to-earnings ratio of 29.2 (as of Nov 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $89.81 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 32.1 (reported for FY2025: 35.4). Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 8 of the years ex one-offs: 21.8. Other multiples: PEG 0.7, P/B 4.6, P/S 0.9, EV/EBITDA 19.9.
What is the PEG ratio of CBRE?
The PEG ratio of CBRE Group Inc Class A is 0.72 (P/E divided by earnings growth, as of Nov 1, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of CBRE Group Inc Class A (CBRE)?
Balance-sheet figures for CBRE Group Inc Class A (as of Nov 1, 2026): return on equity 16.2%, debt of 0.57 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is CBRE from its 52-week high?
CBRE Group Inc Class A trades at $136.35, about 21% below its 52-week high of $171.61 and 12% above the low of $121.65 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of $89.81 is for.
Which stocks are comparable to CBRE Group Inc Class A?
From the same area (Real Estate) we also value Cellnex Telecom, S.A, KE Holdings, Swire Properties Limited, Vonovia SE, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is CBRE Group Inc Class A stock attractive at the current price?
The data as of Nov 1, 2026: price $136.35, calculated fair value $89.81 (−34%), Quality Score 54/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CBRE calculated?
We run CBRE Group Inc Class A through 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $89.81, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. CBRE Group Inc Class A itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of CBRE Group Inc Class A (CBRE)?
The closing price on Nov 5, 2026 was $136.35. Our model-based fair value is $89.81, about 34% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CBRE Group Inc Class A right now?
The model range is unusually wide ($47.76 to $160.01). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of CBRE Group Inc Class A (CBRE) come from?
Earnings per share at CBRE Group Inc Class A grew +8.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +13.7 %, EBIT margin −6.6 %, tax rate +2.5 %, residual (interest, one-offs) −0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of CBRE Group Inc Class A
How large is the market capitalisation of CBRE Group Inc Class A (CBRE)?
The market capitalisation of CBRE Group Inc Class A is $40.5B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of CBRE Group Inc Class A (CBRE)?
The price-to-sales ratio of CBRE Group Inc Class A is 0.90 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of CBRE Group Inc Class A (CBRE)?
Earnings per share at CBRE Group Inc Class A are $4.67 (price ÷ EPS = P/E 29.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of CBRE Group Inc Class A (CBRE)?
The net margin of CBRE Group Inc Class A is 3.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of CBRE Group Inc Class A (CBRE)?
The return on equity (ROE) of CBRE Group Inc Class A is 16.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of CBRE Group Inc Class A (CBRE)?
On an EBIT basis the return on assets of CBRE Group Inc Class A is 5.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of CBRE Group Inc Class A (CBRE)?
The operating margin of CBRE Group Inc Class A is 3.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CBRE Group Inc Class A (CBRE)?
Revenue at CBRE Group Inc Class A is growing +12.7% versus a year earlier (3y avg +9.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at CBRE Group Inc Class A (CBRE)?
Earnings per share at CBRE Group Inc Class A are growing +25.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does CBRE Group Inc Class A (CBRE) carry?
The net debt of CBRE Group Inc Class A is $8.1B (fiscal year 2025, ≈ 6.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 1, 2026