Cohen & Steers Inc (CNS) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Cohen & Steers Inc stock $38.74, price $73.20, that is 47.1% below the price, quality 61 out of 100. Rating: strongly overvalued. Calculated from audited financials with 9 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $45.79 – $100.38 · fair‑value band $29.05 – $54.99 · the $73.20 price screens above the $38.74 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Cohen & Steers, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations.
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It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries. The firm launches and manages equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries.
Through its subsidiaries, it also launches and manages hedge funds. The firm invests in public equity, fixed income, and commodity markets across the globe through its subsidiaries.
Through its subsidiaries, it invests in companies operating in the real estate sector, including real estate investment trusts, infrastructure sector, and natural energy resources sector for its equity and fixed income investments.
The firm also invests in preferred securities for its fixed income investments through its subsidiaries.
The firm is a leading global investment manager specializing in real assets and alternative income, including real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Cohen & Steers, Inc. was founded in 1986 and is based in New York.
Stock analysis
Cohen & Steers Inc (CNS) currently trades at $73.20, while our model-based Fair Value estimate is $38.74, 47% 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 $48.02 per share, and 0 of the 9 models we run sit above the $73.20 price.
Bear case: the Asset-Based group reads lowest at $7.06, and 9 of the 9 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $29.05 (bear) to $54.99 (bull), the price of $73.20 sits above 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 61/100 (solid quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Cohen & Steers Inc reported revenue of $568M in FY2025 versus $584M in FY2021, a compound −0.7%/yr. Reported net income was $153M in FY2025, compounding −7.7%/yr from FY2021.
Key figures
Market cap $3.8B Mid · P/E ratio 22.5 · P/S ratio 6.33 · EPS (TTM) $3.25 · Dividend yield 3.6% · Net margin 28.2% · Return on equity 27.3% · Return on assets (EBIT) 29.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 91 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 27% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at −47%, CNS screens richer than that median.
Fair Value models
Bear$29.05Fair Value $38.74Bull$54.99
Price $73.20 · Downside -47.1%
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 ($0.5317 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 $1.2M and none bought.
SaleElena DulikChief Accounting Officer, SVP1,100 shares at $83.16$91,476Jul 20, 2026
SaleDaniel NoonanExecutive Vice President4,360 shares at $77.33$337,159Jun 16, 2026
SaleJon CheighPresident and CIO10,500 shares at $71.75$753,375May 26, 2026
SaleFrancis C PoliGC, Secretary, EVP19,696 shares at $65.68$1.3MFeb 12, 2026
BuyMartin CohenDirector, 10% owner100,000 shares at $59.82$6.0MNov 20, 2025
BuyRobert Hamilton SteersExecutive Chairman, Director, 10% owner25,000 shares at $59.88$1.5MNov 19, 2025
Plus 33 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.48/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+9.7%
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.
−0.3%
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.
+5.7%
Start year 2020 (pandemic). Over 10 years: +5.6% a year
Revenue growth 25 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.
+11.6%
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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.
+4.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.3%
Dividend (yield on the price)3.6%
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.1.3% vs 6.0%, 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.22% → 31%
News mood ⓘNews mood, the average tone of recent news (79 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.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Moderate profitability support from inflows into specialized real asset strategies is offset by weak cash conversion and thin signals that limit any durable moat assessment.
Main risk: Rising costs or shifting fee structures could erode revenue momentum from the expansion into active ETFs and private real estate.
Cohen & Steers continues to attract net inflows into its real asset and alternative income strategies even as market moves reduced assets under management in September. This shows ongoing client interest in its specialized offerings, yet the upcoming results may clarify if rising costs or shifting fee structures are eating into that momentum. Will the push into active ETFs and private real estate deliver lasting revenue gains, or will external market swings cap the benefits?
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.Asset Management · 587 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside−47.1% · Bottom 25%
Profitability
Return on equity (12 months)27.3% · Top 25%
Return on assets16.8% · Top 25%
Net margin (12 months)28.2% · Below median
Operating margin (12 months)32.4% · Below median
Growth and dividend
Revenue growth (quarter YoY)11.1% · Above median
Dividend yield (12 months)3.6% · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (12 months)22.5× · Priciest 25%
P/B6.76× · Priciest 25%
P/S (12 months)6.33× · Pricier than median
EV/EBITDA17.8× · Priciest 25%
PEG1.69× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 60
FUTURE (revenue growth)56· sector 38
PAST (return on equity)100· sector 29
HEALTH (low debt)100· sector 96
DIVIDEND (yield)72· sector 80
VALUE 0: the price sits above our fair-value range.
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.
Is Cohen & Steers Inc (CNS) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $38.74 versus a price of $73.20, about 47% lower (overvalued).
What is the fair value of CNS?
Our model-based fair value for Cohen & Steers Inc is $38.74 (as of Nov 7, 2026), built from audited fundamentals. The current price: $73.20.
What is the quality score of CNS?
Cohen & Steers Inc has a Quality Score of 61/100. 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 Cohen & Steers Inc (CNS)?
Our model-based price target is the fair value of $38.74 (as of Nov 7, 2026) from 9 valuation models. Cautious scenario $29.05, optimistic scenario $54.99. It is a calculation from audited fundamentals, not an analyst target.
What is the Cohen & Steers Inc stock forecast for 2026?
Our models put fair value at $38.74, about 47% lower versus a price of $73.20 (overvalued). Cautious scenario $29.05, optimistic scenario $54.99. The calculation is refreshed regularly with new filings.
What is the revenue of Cohen & Steers Inc (CNS)?
Cohen & Steers Inc reported trailing-twelve-month revenue of about $600M (latest available figure, as of Nov 7, 2026).
Does Cohen & Steers Inc pay a dividend?
Cohen & Steers Inc currently shows a dividend yield of 3.59% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Cohen & Steers Inc (CNS) and when is the ex-dividend date?
Cohen & Steers Inc pays a dividend of $2.63 per share a year, a dividend yield of 3.6%. The last ex-dividend date was Aug 10, 2026. A dividend has been paid every year since at least 2004. The payout ratio is 80.9% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Cohen & Steers Inc (CNS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cohen & Steers Inc it is $38.74 per share (as of Nov 7, 2026), against a price of $73.20. It is the blended result of 9 valuation models in 6 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Cohen & Steers Inc stock overvalued or undervalued in 2026?
As of Nov 7, 2026, CNS trades above its calculated fair value: price $73.20, fair value $38.74, a gap of about −47% (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 CNS?
No. The price is what the market pays today ($73.20); the fair value is what the company's own numbers justify ($38.74). For Cohen & Steers Inc the two are $34.46 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cohen & Steers Inc worth?
The market values Cohen & Steers Inc at about $3.8B (market capitalisation, as of Nov 7, 2026). Per share that is $73.20; our models calculate a fair value of $38.74 per share.
What do the bullish and bearish scenarios say about CNS?
Our models span a range for Cohen & Steers Inc: cautious scenario $29.05, base $38.74, optimistic $54.99 per share (as of Nov 7, 2026, price $73.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CNS?
Cohen & Steers Inc trades at a price-to-earnings ratio of 22.5 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $38.74 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 22.0. Other multiples: PEG 1.7, P/B 6.8, P/S 6.3, EV/EBITDA 17.8.
What is the PEG ratio of CNS?
The PEG ratio of Cohen & Steers Inc is 1.69 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Cohen & Steers Inc (CNS)?
Balance-sheet figures for Cohen & Steers Inc (as of Nov 7, 2026): return on equity 27.3%. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is CNS from its 52-week high?
Cohen & Steers Inc trades at $73.20, about 15% below its 52-week high of $85.65 and 27% above the low of $57.62 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $38.74 is for.
Which stocks are comparable to Cohen & Steers Inc?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, KKR & Co, Apollo Global Management, Inc, 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 Cohen & Steers Inc stock attractive at the current price?
The data as of Nov 7, 2026: price $73.20, calculated fair value $38.74 (−47%), Quality Score 61/100, from 9 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 CNS calculated?
We run Cohen & Steers Inc through 9 models from 6 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of $38.74 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Cohen & Steers Inc 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 Cohen & Steers Inc (CNS)?
The closing price on Nov 6, 2026 was $73.20. Our model-based fair value is $38.74, about 47% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cohen & Steers Inc right now?
The price sits above even our optimistic bull case ($54.99). The favourable scenario is already priced in. Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($29.05 to $54.99) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Cohen & Steers Inc (CNS) come from?
Earnings per share at Cohen & Steers Inc grew +6.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.1 %, EBIT margin −1.8 %, tax rate +2.3 %, residual (interest, one-offs) +1.4 %. 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 Cohen & Steers Inc
How large is the market capitalisation of Cohen & Steers Inc (CNS)?
The market capitalisation of Cohen & Steers Inc is $3.8B. 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 Cohen & Steers Inc (CNS)?
The price-to-sales ratio of Cohen & Steers Inc is 6.33 (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 Cohen & Steers Inc (CNS)?
Earnings per share at Cohen & Steers Inc are $3.25 (price ÷ EPS = P/E 22.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Cohen & Steers Inc (CNS)?
The dividend yield of Cohen & Steers Inc is 3.6% (payout 80.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Cohen & Steers Inc (CNS)?
The net margin of Cohen & Steers Inc is 28.2% (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 Cohen & Steers Inc (CNS)?
The return on equity (ROE) of Cohen & Steers Inc is 27.3% (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 Cohen & Steers Inc (CNS)?
On an EBIT basis the return on assets of Cohen & Steers Inc is 29.6% (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 Cohen & Steers Inc (CNS)?
The operating margin of Cohen & Steers Inc is 32.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cohen & Steers Inc (CNS)?
Revenue at Cohen & Steers Inc is growing +11.1% versus a year earlier (3y avg −0.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Cohen & Steers Inc (CNS) generate?
The free cash flow of Cohen & Steers Inc is −$126M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Cohen & Steers Inc (CNS) hold?
Cohen & Steers Inc holds more cash than debt, $7.1M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Nov 7, 2026