CBRE (CBRE) stock
Real Estate · Real Estate Services
CBRE (CBRE) is a Real Estate Services company in the Real Estate sector, headquartered in Dallas, Texas. As of October 23, 2026, CBRE closed at $123.30, a market capitalization of $35.53 billion, the 294th largest company in the S&P 500. Over the last twelve months it generated $45.01 billion in revenue (+13% year over year) and $938.00 million in free cash flow. The stock trades at 26.4x trailing earnings and 13.9x forward earnings.
- 1-year total return: -24.9% (dividends reinvested)
- 5-year return: +3.5% a year
- 52-week range: $121.69 – $174.27
- Gross margin 18.5%, operating margin 3.9%
- FI Handbook report card: C+ across 10 metrics
- 12th largest of 30 Real Estate stocks in the S&P 500
CBRE price chart
1Y price change: -24.9% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| CBRE | -9.6% | -23.3% | -24.9% | +22.6% | +3.5% | +16.0% | +14.4% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2004.
CBRE key statistics
- Market cap
- $35.5B
- #294 in S&P 500
- P/E (TTM)
- 26.4x
- Forward P/E
- 13.9x
- EPS (TTM)
- $4.67
- Revenue (TTM)
- $45.0B
- +13%
- Free cash flow
- $938.0M
- Gross margin
- 18.5%
- Operating margin
- 3.9%
- Return on equity
- 16.2%
- Dividend yield
- None
- 52-week range
- $121.69 – $174.27
- Beta
- 1.23
- Price / sales
- 0.8x
- EV / EBITDA
- 20.6x
- Debt / equity
- 1.13x
- Employees
- 155,000
CBRE report card
C+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth12.7%B
- Gross margin18.5%D
- Operating margin3.9%D
- FCF margin2.1%D
- Return on equity16.2%B
- Net debt / EBITDA4.1xF
- Forward P/E13.9xA
- PEG ratio0.7xA
- Shareholder yield2.7%C
- Share count change / yr-2.3%A
CBRE financials
Revenue went from $16.8B in fiscal 2016 to $39.9B in fiscal 2025, growing 10.1% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.8B | $18.2B | $20.8B | $23.3B | $23.2B | $26.9B | $30.2B | $31.5B | $35.2B | $39.9B |
| Gross profit | $3.4B | $3.8B | $4.3B | $4.6B | $4.1B | $5.4B | $5.9B | $5.8B | $6.4B | $6.9B |
| Operating income | $816.8M | $1.1B | $1.1B | $1.3B | $969.8M | $1.6B | $1.5B | $1.1B | $1.4B | $1.8B |
| Net income | $573.1M | $697.1M | $1.1B | $1.3B | $752.0M | $1.8B | $1.4B | $986.0M | $968.0M | $1.2B |
| EPS (diluted) | $1.69 | $2.05 | $3.10 | $3.77 | $2.22 | $5.41 | $4.29 | $3.15 | $3.14 | $3.85 |
| Free cash flow | $425.8M | $716.4M | $903.4M | $929.9M | $1.6B | $2.2B | $1.4B | $175.0M | $1.4B | $1.2B |
| Buybacks | — | — | $161.0M | $145.1M | $50.0M | $369.0M | $1.9B | $665.0M | $627.0M | $968.0M |
| Diluted shares | 338.4M | 340.8M | 343.1M | 340.5M | 338.4M | 339.7M | 327.7M | 312.6M | 308.0M | 300.8M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into CBRE?
A reverse DCF asks what growth the current price requires. With an enterprise value of $44.5B and $938.0M of trailing free cash flow, CBRE needs to grow free cash flow about 33.1% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew -5.3% a year over the last five years.
P/E ratio history
Current 32.0x vs. median 24.9x (10th–90th percentile 15.8x–47.2x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
CBRE analyst price targets
12 analysts' average 12-month target is $175.75 (+43% vs. $123.30). Targets range from $141.00 to $200.00. 92% rate it a buy.
CBRE earnings
Next report: February 11, 2027. CBRE has beaten EPS estimates 8 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 22, 2026 | $1.95 | $2.05 | +5.0% |
| Jul 29, 2026 | $1.47 | $1.56 | +5.8% |
| Apr 23, 2026 | $1.13 | $1.61 | +42.0% |
| Feb 12, 2026 | $2.68 | $2.73 | +2.0% |
| Oct 23, 2025 | $1.46 | $1.61 | +10.6% |
| Jul 29, 2025 | $1.07 | $1.19 | +11.2% |
| Apr 24, 2025 | $0.76 | $0.86 | +12.7% |
| Feb 13, 2025 | $2.23 | $2.32 | +3.9% |
Stocks like CBRE
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 CSGP CoStar | -4.32% | -56% | $13.7B | 188.4x | Compare |
 WELL Welltower | -0.03% | +37% | $171.0B | 106.4x | Compare |
 PLD Prologis | -0.17% | +4% | $122.9B | 28.1x | Compare |
 EQIX Equinix | +0.25% | +17% | $94.2B | 61.5x | Compare |
 AMT American Tower Corporation (REI | +4.08% | +3% | $88.1B | 26.0x | Compare |
 SPG Simon Property | -0.19% | +24% | $80.3B | 14.9x | Compare |
 DLR Digital Realty Trust | +0.84% | +1% | $65.1B | 83.7x | Compare |
 PSA Public Storage | +0.25% | +5% | $57.9B | 29.6x | Compare |
CBRE news
- CBRE: 3 Key Takeaways for Long-Term Investors · Oct 24, 2026
- CBRE (CBRE) stock trades down, here is why · Oct 24, 2026
- CBRE Q3 deep dive: infrastructure growth offsets capital markets headwinds · Oct 23, 2026
- CBRE (CBRE) Stock Slips As Q3 Earnings Meet Capital Markets Doubts · Oct 23, 2026
- CBRE Group, Inc. Q3 2026 Earnings Call Summary · Oct 22, 2026
CBRE stock FAQ
What is CBRE's market cap?
CBRE's market capitalization is $35.53 billion as of October 23, 2026, ranking 294th in the S&P 500.
What is CBRE's P/E ratio?
CBRE trades at a trailing price-to-earnings ratio of 26.4x and a forward P/E of 13.9x. Its median P/E over the period we track is 24.9x.
Does CBRE pay a dividend?
No. CBRE does not currently pay a regular cash dividend.
How much has CBRE stock returned?
Including reinvested dividends, CBRE returned -24.9% over one year, +3.5% a year over five years, +16.0% a year over ten years through October 23, 2026.
Is CBRE stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies CBRE must grow free cash flow about 33% a year for the next decade. Its free cash flow fell 5% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the CBRE price target?
12 analysts cover CBRE with an average 12-month price target of $175.75, +43% from the current price. 92% of them rate it a buy.
When does CBRE report earnings?
CBRE is expected to report earnings on February 11, 2027. It has beaten EPS estimates 8 quarters in a row.
How many employees does CBRE have?
CBRE has about 155,000 full-time employees, or $290,368 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology