CBRE Group, Inc. (CBRE) Key Metrics
CBRE valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $38.54B
- Enterprise value
- $48.59B
- P/E (TTM)
- 30.5 10-yr median 20.7
- Forward P/E
- 14.9
- PEG ratio
- 0.74
- Price / sales
- 0.9 10-yr median 0.9
- Price / book
- 4.8 10-yr median 3.5
- EV / EBITDA
- 24.1 10-yr median 13.7
- Dividend yield
- —
- Beta
- 1.23
CBRE key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCBRE valuation Price multiples at each fiscal year-end price.
CBRE returns How much profit the business earns on the capital it uses.
CBRE per-share figures Results divided by the shares outstanding at year-end.
CBRE financial health Debt, liquidity and how easily interest is covered.
CBRE efficiency & capital use Working capital cycle and where the cash goes.
CBRE valuation history
CBRE returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CBRE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CBRE cash returned to shareholders
CBRE price vs earnings per share
CBRE key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $48.36B | $40.44B | $29.10B | $25.22B | $36.86B | $21.22B | $20.87B | $13.74B | $14.76B | $10.66B |
| Enterprise value | $56.48B | $45.02B | $32.66B | $27.39B | $38.63B | $23.42B | $23.87B | $16.06B | $16.92B | $13.70B |
| P/E ratio | 41.8 | 41.8 | 29.5 | 17.9 | 20.1 | 28.2 | 16.3 | 12.9 | 21.3 | 18.6 |
| Price / sales | 1.2 | 1.1 | 0.9 | 0.8 | 1.3 | 0.9 | 0.9 | 0.6 | 0.8 | 0.6 |
| Price / book | 5.4 | 4.8 | 3.5 | 3.2 | 4.3 | 3.0 | 3.3 | 2.8 | 3.7 | 3.5 |
| Price / free cash flow | 40.5 | 27.1 | 127.1 | 17.3 | 16.5 | 12.8 | 21.7 | 14.3 | 19.1 | 22.8 |
| Price / operating cash flow | 31.0 | 22.5 | 54.5 | 14.7 | 15.1 | 11.1 | 16.6 | 11.5 | 15.5 | 16.2 |
| EV / sales | 1.4 | 1.3 | 1.0 | 0.9 | 1.4 | 1.0 | 1.0 | 0.8 | 0.9 | 0.8 |
| EV / EBITDA | 22.2 | 20.9 | 18.1 | 13.5 | 18.5 | 13.9 | 13.5 | 10.5 | 11.3 | 10.0 |
| EV / free cash flow | 47.3 | 30.2 | 142.6 | 18.8 | 17.3 | 14.2 | 24.8 | 16.7 | 21.9 | 29.3 |
| Earnings yield | 2.4% | 2.4% | 3.4% | 5.6% | 5.0% | 3.5% | 6.1% | 7.7% | 4.7% | 5.4% |
| Free cash flow yield | 2.5% | 3.7% | 0.8% | 5.8% | 6.0% | 7.8% | 4.6% | 7.0% | 5.2% | 4.4% |
| Dividend yield | — | — | — | — | — | — | — | 0.1% | 0.1% | 0.2% |
| Shareholder yield (dividends + buybacks) | 2.0% | 1.6% | 2.3% | 7.3% | 1.0% | 0.2% | 0.7% | 1.3% | 0.3% | 0.4% |
| Share price at fiscal year-end | $160.79 | $131.29 | $93.09 | $76.96 | $108.51 | $62.72 | $61.29 | $40.04 | $43.31 | $31.49 |
| Per share | ||||||||||
| Revenue per share | $134.83 | $116.11 | $102.22 | $94.07 | $81.67 | $70.41 | $70.17 | $62.19 | $54.66 | $51.32 |
| Earnings per share | $3.85 | $3.14 | $3.15 | $4.29 | $5.41 | $2.22 | $3.77 | $3.10 | $2.03 | $1.69 |
| Operating cash flow per share | $5.18 | $5.84 | $1.71 | $5.24 | $7.18 | $5.67 | $3.69 | $3.47 | $2.79 | $1.94 |
| Free cash flow per share | $3.97 | $4.84 | $0.73 | $4.44 | $6.56 | $4.88 | $2.83 | $2.81 | $2.27 | $1.38 |
| Cash per share | $6.20 | $3.62 | $4.05 | $4.02 | $7.16 | $5.60 | $2.85 | $2.27 | $2.21 | $2.25 |
| Book value per share | $29.52 | $27.31 | $26.45 | $23.96 | $25.10 | $20.92 | $18.30 | $14.39 | $11.79 | $8.91 |
| Tangible book value per share | −$3.81 | $1.60 | $3.38 | $2.42 | $3.31 | $5.58 | $3.23 | −$0.45 | −$1.86 | −$4.07 |
| Dividends per share | — | — | — | — | — | — | — | $0.04 | $0.03 | $0.06 |
| Capex per share | $1.22 | $1.00 | $0.98 | $0.79 | $0.62 | $0.79 | $0.86 | $0.66 | $0.52 | $0.56 |
| Debt per share | $33.22 | $18.48 | $15.44 | $10.66 | $12.36 | $12.11 | $11.66 | $9.03 | $8.54 | $11.24 |
| Shares outstanding | 300.8M | 308.0M | 312.6M | 327.7M | 339.7M | 338.4M | 340.5M | 343.1M | 340.8M | 338.4M |
| Change in shares outstanding | −2.4% | −1.4% | −4.6% | −3.5% | +0.4% | −0.6% | −0.8% | +0.7% | +0.7% | +0.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 13.4% | 11.6% | 12.2% | 17.2% | 23.5% | 11.3% | 23.0% | 23.7% | 19.7% | 20.0% |
| Return on invested capital (ROIC) | 6.9% | 9.7% | 8.2% | 12.8% | 12.8% | 8.2% | 14.5% | 12.5% | 10.6% | 8.6% |
| Return on assets (ROA) | 4.2% | 4.1% | 4.6% | 6.6% | 9.2% | 4.4% | 8.6% | 8.4% | 6.1% | 5.2% |
| Return on tangible assets | 5.5% | 5.9% | 6.4% | 10.5% | 12.5% | 5.9% | 11.6% | 12.7% | 9.8% | 9.0% |
| Free cash flow margin | 2.9% | 4.2% | 0.7% | 4.7% | 8.0% | 6.9% | 4.0% | 4.5% | 4.1% | 2.7% |
| Income quality (OCF / net income) | 1.35 | 1.86 | 0.54 | 1.22 | 1.33 | 2.55 | 0.98 | 1.12 | 1.37 | 1.15 |
| Financial health | ||||||||||
| Total debt | $9.99B | $5.69B | $4.83B | $3.49B | $4.20B | $4.10B | $3.97B | $3.10B | $2.91B | $3.80B |
| Cash & short-term investments | $1.86B | $1.11B | $1.26B | $1.32B | $2.43B | $1.90B | $971.8M | $777.2M | $751.8M | $762.6M |
| Net debt | $8.13B | $4.58B | $3.56B | $2.17B | $1.77B | $2.20B | $3.00B | $2.32B | $2.16B | $3.04B |
| Debt / equity | 1.13 | 0.68 | 0.58 | 0.44 | 0.49 | 0.58 | 0.64 | 0.63 | 0.72 | 1.26 |
| Debt / assets | 0.32 | 0.23 | 0.21 | 0.17 | 0.19 | 0.23 | 0.25 | 0.23 | 0.25 | 0.35 |
| Net debt / EBITDA | 3.19 | 2.13 | 1.98 | 1.07 | 0.84 | 1.31 | 1.70 | 1.51 | 1.45 | 2.22 |
| Current ratio | 1.09 | 1.07 | 1.17 | 1.03 | 1.20 | 1.24 | 1.17 | 1.16 | 1.19 | 1.13 |
| Quick ratio | 1.09 | 1.07 | 1.27 | 1.09 | 1.23 | 1.26 | 1.19 | 1.19 | 1.23 | 1.16 |
| Interest coverage | 5.8 | 6.6 | 7.5 | 21.9 | 32.5 | 14.3 | 14.7 | 10.1 | 7.9 | 5.6 |
| Working capital | $1.17B | $683.0M | $1.42B | $287.0M | $1.66B | $1.70B | $1.10B | $950.8M | $917.6M | $597.0M |
| Invested capital | $17.00B | $12.99B | $11.83B | $10.03B | $10.29B | $9.28B | $9.23B | $7.26B | $6.18B | $6.05B |
| Tangible asset value | −$397.0M | $1.27B | $1.86B | $1.54B | $1.95B | $2.32B | $1.14B | −$83.7M | −$479.2M | −$1.34B |
| Net current asset value | −$7.76B | −$5.22B | −$3.81B | −$3.38B | −$2.63B | −$1.69B | −$2.39B | −$1.69B | −$1.91B | −$2.60B |
| Graham number | $50.55 | $43.94 | $43.33 | $48.12 | $55.27 | $32.34 | $39.38 | $31.68 | $23.21 | $18.40 |
| Graham net-net per share | −$38.15 | −$25.99 | −$22.07 | −$18.71 | −$15.56 | −$11.97 | −$13.56 | −$10.80 | −$10.55 | −$12.03 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | $13.4M | $8.7M | $19.1M |
| Share buybacks (net) | $968.0M | $627.0M | $665.0M | $1.85B | $368.6M | $50.0M | $145.1M | $161.0M | $29.5M | $27.4M |
| Dividend payout ratio | — | — | — | — | — | — | — | 1.3% | 1.3% | 3.3% |
| Dividends + buybacks / free cash flow | 81.1% | 42.0% | 290.4% | 127.1% | 16.5% | 3.0% | 15.1% | 18.1% | 5.0% | 10.0% |
| Capex / revenue | 0.9% | 0.9% | 1.0% | 0.8% | 0.8% | 1.1% | 1.2% | 1.1% | 1.0% | 1.1% |
| Capex / operating cash flow | 23.5% | 17.1% | 57.1% | 15.2% | 8.6% | 13.9% | 23.4% | 19.1% | 18.7% | 29.1% |
| Capex / depreciation | 0.50 | 0.44 | 0.49 | 0.42 | 0.40 | 0.50 | 0.67 | 0.50 | 0.44 | 0.52 |
| Stock-based compensation / revenue | 0.3% | 0.4% | 0.0% | 0.5% | 0.7% | 0.3% | 0.5% | 0.6% | 0.5% | 0.4% |
| R&D / revenue | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 13.7% | 13.7% | 14.1% | 14.9% | 14.7% | 13.4% | 14.4% | 15.7% | 15.2% | 15.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 83.9 | 80.3 | 79.4 | 77.5 | 85.9 | 92.7 | 86.1 | 83.4 | 81.2 | 86.4 |
| Days of inventory on hand | — | — | -9.3 | -5.5 | -3.5 | -2.9 | -3.1 | -3.5 | -3.4 | -3.5 |
| Days payables outstanding | 47.3 | 48.7 | 47.3 | 45.2 | 47.4 | 49.3 | 42.5 | 38.8 | 38.5 | 40.0 |
| Cash conversion cycle (days) | 36.6 | 31.7 | 22.9 | 26.8 | 34.9 | 40.5 | 40.5 | 41.2 | 39.3 | 42.9 |
| Receivables turnover | 4.35 | 4.54 | 4.60 | 4.71 | 4.25 | 3.94 | 4.24 | 4.38 | 4.49 | 4.22 |
| Payables turnover | 7.71 | 7.50 | 7.72 | 8.08 | 7.69 | 7.41 | 8.58 | 9.42 | 9.47 | 9.13 |
| Asset turnover | 1.47 | 1.52 | 1.48 | 1.45 | 1.38 | 1.39 | 1.61 | 1.70 | 1.66 | 1.59 |
| Average receivables | $9.32B | $7.87B | $6.95B | $6.55B | $6.53B | $6.05B | $5.64B | $4.88B | $4.15B | $4.11B |
| Average payables | $4.47B | $3.83B | $3.32B | $3.00B | $2.80B | $2.56B | $2.18B | $1.75B | $1.51B | $1.47B |
| Average inventory | — | — | −$652.2M | −$366.6M | −$206.5M | −$152.3M | −$156.6M | −$156.6M | −$132.6M | −$129.5M |
| Intangibles / total assets | 32.5% | 32.5% | 32.0% | 34.4% | 33.5% | 28.8% | 31.7% | 37.9% | 39.7% | 40.7% |
Computed from CBRE's annual financial statements (latest annual report filed February 12, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CBRE valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), CBRE traded at 41.8 times earnings, against a 10-year median of 20.7. Based on the latest twelve months, the trailing P/E is 30.5 and the forward P/E is 14.9. CBRE earned a return on equity of 13.4% and a return on invested capital of 6.9% in fiscal 2025. It ended the year with $10.0 billion of debt and $1.9 billion in cash and short-term investments, net debt of $8.1 billion. It returned $968.0 million to shareholders: $0 in dividends and $968.0 million in share buybacks, 81% of free cash flow. The share count fell 11.1% from 338.4M to 300.8M over 9 years.
See the CBRE income statement, the CBRE chart for price history, or the CBRE stock overview for the latest quote and news.
CBRE key metrics FAQ
What is CBRE's P/E ratio?
CBRE's trailing P/E ratio is 30.5 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 14.9. At the end of fiscal 2025 it was 41.8, compared with a 10-year median of 20.7.
What is CBRE's EV/EBITDA?
CBRE's enterprise value was 22.2 times EBITDA at the end of fiscal 2025 (enterprise value $56.5 billion, EBITDA $2.5 billion); the current EV/EBITDA is 24.1.
What is CBRE's return on equity?
CBRE's return on equity (ROE) was 13.4% in fiscal 2025: net income of $1.2 billion on average shareholders' equity of $8.6 billion.
What is CBRE's ROIC?
CBRE's return on invested capital was 6.9% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does CBRE have?
CBRE had total debt of $10.0 billion at the end of fiscal 2025, a debt-to-equity ratio of 1.13 and $8.1 billion of net debt (3.19 times EBITDA).
Does CBRE buy back its shares?
Yes. CBRE spent $968.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −2.4% over the year, to 300.8M..
What is CBRE's free cash flow yield?
CBRE generated $1.2 billion of free cash flow in fiscal 2025, a free cash flow yield of 2.5% on its market value at year-end ($48.4 billion).
What is CBRE's current ratio?
CBRE's current ratio was 1.09 at the end of fiscal 2025: current assets were 1.09 times current liabilities.