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CBRE Group
(NYSE:CBRE)
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Rating:61Neutral
Price Target:
$130.00
▼(-13.54% Downside)
Action:Reiterated
Date:10/24/26
CBRE scores as a balanced setup: earnings-call guidance and infrastructure/data-center growth drivers are the biggest positives, but they are tempered by mixed financial quality (higher leverage and weaker cash conversion) and a bearish technical trend (below major moving averages with negative MACD). Valuation is also not especially supportive at ~26x earnings, with no dividend yield data to offset.
Positive Factors
Sustained Revenue and Earnings Growth
Continued revenue expansion alongside strong core EPS growth indicates that CBRE is gaining business across both resilient and transactional operations. If maintained, this broader growth base can support reinvestment, improve operating scale, and strengthen earnings capacity over the next several quarters.
Negative Factors
Higher Financial Leverage
The substantial increase in debt relative to equity reduces financial flexibility and raises the sensitivity of results to refinancing costs and business volatility. Higher leverage can also constrain capital allocation, particularly while CBRE is funding acquisitions and navigating uneven real estate markets.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue and Earnings Growth
Continued revenue expansion alongside strong core EPS growth indicates that CBRE is gaining business across both resilient and transactional operations. If maintained, this broader growth base can support reinvestment, improve operating scale, and strengthen earnings capacity over the next several quarters.
Read all positive factors
CBRE Group Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down revenue across different business segments, highlighting which areas drive growth and profitability, and revealing strategic focus areas.
Breaks down revenue across different business segments, highlighting which areas drive growth and profitability, and revealing strategic focus areas.
Data provided by:
The Fly
The FlyCBRE Group (CBRE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$35.53B
Dividend YieldN/A
Average Volume (3M)2.44M
Price to Earnings (P/E)26.2
Beta (1Y)0.96
Revenue Growth14.17%
EPS Growth15.41%
CountryUS
Employees155,000
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)4.70
Shares Outstanding288,196,260
10 Day Avg. Volume2,927,283
30 Day Avg. Volume2,435,264
Financial Highlights & Ratios
PEG Ratio1.82
Price to Book (P/B)5.40
Price to Sales (P/S)1.18
P/FCF Ratio40.19
Enterprise Value/Market Cap1.32
Enterprise Value/Revenue1.05
Enterprise Value/Gross Profit6.00
Enterprise Value/Ebitda15.69
Forecast
1Y Price Target
$181.50Price Target Upside20.71% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)7.82
Revenue Forecast (FY)$46.74B
CBRE Group Business Overview & Revenue Model
Company Description
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 Manage...
How the Company Makes Money
CBRE makes money primarily by earning fees and commissions for professional services delivered to commercial real estate owners, occupiers, and investors, plus recurring contractual revenue from long-term management and outsourcing engagements, an...
CBRE Group Earnings Call Summary
Earnings Call Date:Oct 22, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Feb 25, 2027
Earnings Call Sentiment Positive
The call was broadly positive, supported by 28% core EPS growth, 13% revenue growth, strong performance in infrastructure services, property sales, facilities management and real estate investments, maintained 2026 guidance, and a stated path to 15% core EPS growth in 2027. These strengths were tempered by interest-rate-driven capital markets pressure, expected moderation in Advisory, lower office leasing, enterprise facilities management account restructuring, lower Investment Management profit and reduced share repurchases.Positive Updates
Strong Third-Quarter Financial Performance
Core EPS improved 28% on a 13% increase in revenue, with both resilient and transactional businesses growing by double digits.
Negative Updates
Real Estate Capital Markets Pressure
Management expects downward pressure in businesses driven by real estate capital markets because of the interest rate environment. Higher cap rates have led to retraded deals, transactions not going under contract, and refinancings occurring in places where sales had been expected.
Read all updates
Q3-2026 Updates
Positive
Negative
Strong Third-Quarter Financial Performance
Core EPS improved 28% on a 13% increase in revenue, with both resilient and transactional businesses growing by double digits.
Read all positive updates
Company Guidance
CBRE maintained 2026 core EPS guidance in the range of $7.80 to $7.90, reflecting 23% growth at the midpoint, and expects free cash flow conversion within its target range of 75% to 85% and to end the year with slightly above 1 turn of net leverage; global leasing revenue is expected to grow at a low double-digit rate in the fourth quarter and settle out in the mid- to high single digits next year, while Capital Markets overall is expected to be roughly flat through the first half of next year. For 2027, critical infrastructure services revenue is expected to reach $4.5 billion, infrastructure revenue to reach $7 billion, and CBRE continues to see a path to 15% core EPS growth, including the benefit from Onnec and likely additional M&A; BOE and Project Management are expected to grow consistently with how they've grown historically, Advisory will moderate somewhat more than what was expected 90 days ago but will grow, Investment Management will be roughly flat, development assets including data center land sales may be monetized with a wide range of outcomes, and repurchases are expected to decline pretty meaningfully.CBRE Group Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
58
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 44.90B | 40.55B | 35.77B | 31.95B | 30.83B | 27.75B |
| Gross Profit | 7.84B | 6.07B | 7.02B | 6.30B | 6.62B | 6.17B |
| EBITDA | 3.00B | 2.55B | 2.15B | 1.80B | 2.03B | 2.09B |
| Net Income | 1.38B | 1.16B | 968.00M | 986.00M | 1.41B | 1.84B |
Balance Sheet | ||||||
| Total Assets | 31.33B | 30.88B | 24.38B | 22.55B | 20.51B | 22.07B |
| Cash, Cash Equivalents and Short-Term Investments | 1.68B | 1.86B | 1.11B | 1.26B | 1.32B | 2.43B |
| Total Debt | 10.47B | 9.99B | 5.69B | 4.83B | 3.49B | 4.20B |
| Total Liabilities | 21.85B | 21.25B | 15.19B | 13.48B | 11.91B | 12.71B |
| Stockholders Equity | 8.67B | 8.88B | 8.41B | 8.27B | 7.85B | 8.53B |
Cash Flow | ||||||
| Free Cash Flow | 938.00M | 1.19B | 1.49B | 229.00M | 1.46B | 2.23B |
| Operating Cash Flow | 1.40B | 1.56B | 1.80B | 534.00M | 1.72B | 2.44B |
| Investing Cash Flow | -1.33B | -1.63B | -1.60B | -729.00M | -917.20M | -1.56B |
| Financing Cash Flow | -58.00M | 796.00M | -221.00M | 148.00M | -1.77B | -286.38M |
CBRE Group Technical Analysis
Negative
150.36
Price Trends
139.00
Negative
139.20
Negative
142.73
Negative
Market Momentum
-2.17
Negative
35.26
Neutral
43.13
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CBRE, the sentiment is Negative. The current price of 150.36 is above the 20-day moving average (MA) of 130.56, above the 50-day MA of 139.00, and above the 200-day MA of 142.73, indicating a bearish trend. The MACD of -2.17 indicates Negative momentum. The RSI at 35.26 is Neutral, neither overbought nor oversold. The STOCH value of 43.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CBRE.
CBRE Group Risk Analysis
CBRE Group disclosed 32 risk factors in its most recent earnings report. CBRE Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
CBRE Group Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $1.04B | 75.34 | 2.44% | 1.81% | 11.89% | ― | |
69 Neutral | $13.82B | 14.11 | 13.57% | 0.53% | 11.17% | 79.36% | |
67 Neutral | $2.09B | 13.90 | 10.45% | 1.56% | 23.06% | 88.89% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | $13.74B | 184.65 | 0.90% | ― | 21.96% | -28.75% | |
61 Neutral | $35.53B | 26.23 | 16.03% | ― | 14.17% | 15.41% | |
60 Neutral | $2.78B | 40.54 | 3.50% | ― | 11.04% | -66.92% |
* Real Estate Sector Average
CBRE
CBRE Group
123.30
-37.83
-23.48%
CSGP
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33.92
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JLL
Jones Lang Lasalle
300.30
-15.41
-4.88%
MMI
Marcus & Millichap
27.59
-3.10
-10.10%
NMRK
Newmark Group
11.52
-7.59
-39.73%
CWK
Cushman & Wakefield
11.83
-5.16
-30.37%
CBRE Group Corporate Events
Business Operations and StrategyM&A Transactions
CBRE Group to Acquire Data Center Specialist Onnec
Positive
Oct 20, 2026
On October 20, 2026, CBRE Group, Inc. announced a definitive agreement to acquire London-based Onnec Group Limited, a leading data center infrastructure specialist serving major technology companies across Europe and Asia Pacific. The deal, which ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.