CBRE Chart
About

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. 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.

Fundamentals
Scroll to Statements
Sector Real Estate Industry Real Estate Services Market Cap 40.75B
Enterprise Value 48.90B Income 1.16B Sales 40.55B
Book/sh 30.49 Cash/sh 6.42 Dividend Yield —
Payout 0.00% Employees 155000 IPO —
P/E 35.57 Forward P/E 15.76 PEG —
P/S 1.00 P/B 4.49 P/C —
EV/EBITDA 22.01 EV/Sales 1.21 Quick Ratio 0.88
Current Ratio 1.09 Debt/Eq 106.24 LT Debt/Eq —
EPS (ttm) 3.85 EPS next Y 8.69 EPS Growth -12.10%
Revenue Growth 11.80% Earnings 2026-04-23 ROA 2.93%
ROE 13.57% ROIC — Gross Margin 18.66%
Oper. Margin 0.12% Profit Margin 2.85% Shs Outstand 295.16M
Shs Float 288.60M Short Float 1.63% Short Ratio 1.71
Short Interest — 52W High 174.27 52W Low 108.45
Beta 1.34 Avg Volume 2.09M Volume 2.58M
Target Price $181.58 Recom Buy Prev Close $136.83
Price $136.94 Change 0.08%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$181.58
Mean price target
2. Current target
$136.94
Latest analyst target
3. DCF / Fair value
$-5.14
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$136.94
Low
$131.00
High
$200.00
Mean
$181.58

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-23 up UBS Neutral → Buy $185
2026-02-13 main Keefe, Bruyette & Woods Outperform → Outperform $170
2026-01-13 main Barclays Overweight → Overweight $192
2026-01-08 main Keefe, Bruyette & Woods Outperform → Outperform $192
2025-12-15 up Keefe, Bruyette & Woods Market Perform → Outperform $185
2025-12-02 init Barclays — → Overweight $190
2025-10-24 main UBS Neutral → Neutral $175
2025-10-10 main UBS Neutral → Neutral $165
2025-10-09 main Keefe, Bruyette & Woods Market Perform → Market Perform $168
2025-10-07 main Morgan Stanley Overweight → Overweight $180
2025-08-26 main JP Morgan Overweight → Overweight $185
2025-08-25 main Evercore ISI Group Outperform → Outperform $185
2025-07-30 main Evercore ISI Group Outperform → Outperform $164
2025-07-24 main Raymond James Outperform → Outperform $166
2025-07-24 main Keefe, Bruyette & Woods Market Perform → Market Perform $147
2025-07-08 main Evercore ISI Group Outperform → Outperform $147
2025-07-02 main UBS Neutral → Neutral $146
2025-06-12 main Morgan Stanley Overweight → Overweight $170
2025-04-30 main Keefe, Bruyette & Woods Market Perform → Market Perform $131
2025-04-24 main Morgan Stanley Overweight → Overweight $160
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 9223 1370630 — Sale at price 148.61 per share. GIAMARTINO EMMA E Chief Financial Officer — 2026-02-26 00:00:00 D
1 12168 — — Stock Award(Grant) at price 0.00 per share. KOHLI VIKRAMADITYA Officer — 2026-02-25 00:00:00 D
2 6225 — — Stock Award(Grant) at price 0.00 per share. DOELLINGER CHAD J Officer — 2026-02-25 00:00:00 D
3 6791 — — Stock Award(Grant) at price 0.00 per share. CLANCY VINCENT PATRICK Director — 2026-02-25 00:00:00 D
4 1867 — — Stock Award(Grant) at price 0.00 per share. HORN ANDREW S Officer — 2026-02-25 00:00:00 D
5 10583 — — Stock Award(Grant) at price 0.00 per share. GLANZMAN ANDREW R Officer — 2026-02-25 00:00:00 D
6 10900 — — Stock Award(Grant) at price 0.00 per share. GIAMARTINO EMMA E Chief Financial Officer — 2026-02-25 00:00:00 D
7 10583 — — Stock Award(Grant) at price 0.00 per share. HODARI JAMIE Officer — 2026-02-25 00:00:00 D
8 40636 — — Stock Award(Grant) at price 0.00 per share. SULENTIC ROBERT E Chief Executive Officer — 2026-02-25 00:00:00 D
9 25180 — — Stock Award(Grant) at price 0.00 per share. KOHLI VIKRAMADITYA Chief Executive Officer — 2026-02-20 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems91.40M21.30M5.13M25.83M
TaxRateForCalcs0.200.150.190.14
NormalizedEBITDA1.57B1.80B1.69B1.76B
TotalUnusualItems457.00M142.00M27.00M183.00M
TotalUnusualItemsExcludingGoodwill457.00M142.00M27.00M183.00M
NetIncomeFromContinuingOperationNetMinorityInterest1.16B968.00M986.00M1.41B
ReconciledDepreciation729.00M674.00M622.00M613.00M
ReconciledCostOfRevenue32.98B28.81B25.68B24.24B
EBITDA2.02B1.95B1.71B1.94B
EBIT1.29B1.27B1.09B1.33B
NetInterestIncome-216.00M-215.00M-149.00M-69.00M
InterestExpense50.35M
NormalizedIncome791.40M847.30M964.13M1.25B
NetIncomeFromContinuingAndDiscontinuedOperation1.16B968.00M986.00M1.41B
TotalExpenses39.26B34.50B30.86B29.50B
TotalOperatingIncomeAsReported1.75B1.41B1.12B1.51B
DilutedAverageShares300.75M308.03M312.55M327.70M
BasicAverageShares298.16M305.86M308.43M322.81M
DilutedEPS3.853.143.154.29
BasicEPS3.883.163.204.36
DilutedNIAvailtoComStockholders1.16B968.00M986.00M1.41B
NetIncomeCommonStockholders1.16B968.00M986.00M1.41B
NetIncome1.16B968.00M986.00M1.41B
MinorityInterests-120.00M-68.00M-41.00M-17.00M
NetIncomeIncludingNoncontrollingInterests1.28B1.04B1.03B1.42B
NetIncomeContinuousOperations1.28B1.04B1.03B1.42B
TaxProvision317.00M182.00M250.00M234.00M
PretaxIncome1.59B1.22B1.28B1.66B
OtherIncomeExpense516.00M162.00M336.00M400.00M
OtherNonOperatingIncomeExpenses19.00M39.00M61.00M-12.00M
SpecialIncomeCharges-2.00M0.000.00-61.00M
OtherSpecialCharges2.00M2.00M
WriteOff58.71M0.00
ImpairmentOfCapitalAssets0.000.0059.00M0.00
EarningsFromEquityInterest40.00M-19.00M248.00M229.00M
GainOnSaleOfSecurity459.00M142.00M27.00M244.00M
NetNonOperatingInterestIncomeExpense-216.00M-215.00M-149.00M-69.00M
TotalOtherFinanceCost216.00M215.00M149.00M69.00M
InterestExpenseNonOperating50.35M
OperatingIncome1.29B1.27B1.09B1.33B
OperatingExpense6.27B5.68B5.18B5.26B
OtherOperatingExpenses5.54B5.01B4.56B4.65B
DepreciationAmortizationDepletionIncomeStatement729.00M674.00M622.00M613.00M
DepreciationAndAmortizationInIncomeStatement729.00M674.00M622.00M613.00M
SellingGeneralAndAdministration4.65B4.07B
GrossProfit7.57B6.96B6.27B6.59B
CostOfRevenue32.98B28.81B25.68B24.24B
TotalRevenue40.55B35.77B31.95B30.83B
OperatingRevenue40.55B35.77B31.95B30.83B
Line Item2025-12-312024-12-312023-12-312022-12-31
OrdinarySharesNumber295.73M302.05M304.89M311.01M
ShareIssued295.73M302.05M304.89M311.01M
NetDebt5.72B3.07B2.23B865.00M
TotalDebt9.99B5.69B4.83B3.49B
TangibleBookValue-1.15B492.00M1.06B792.00M
InvestedCapital16.46B12.60B11.76B10.04B
WorkingCapital1.17B683.00M1.42B287.00M
NetTangibleAssets-1.15B492.00M1.06B792.00M
CapitalLeaseObligations2.40B1.51B1.33B1.31B
CommonStockEquity8.88B8.41B8.27B7.85B
TotalCapitalization13.93B11.66B11.07B8.94B
TotalEquityGrossMinorityInterest9.63B9.19B9.07B8.61B
MinorityInterest748.00M781.00M800.00M753.00M
StockholdersEquity8.88B8.41B8.27B7.85B
GainsLossesNotAffectingRetainedEarnings-1.04B-1.16B-924.00M-983.00M
OtherEquityAdjustments-640.66M
ForeignCurrencyTranslationAdjustments-1.04B-1.05B-807.00M-864.00M
MinimumPensionLiabilities-1.00M-113.00M-117.00M-119.00M
RetainedEarnings9.92B9.57B9.19B8.83B
AdditionalPaidInCapital0.000.000.000.00
CapitalStock3.00M3.00M3.00M3.00M
CommonStock3.00M3.00M3.00M3.00M
TotalLiabilitiesNetMinorityInterest21.25B15.19B13.48B11.91B
TotalNonCurrentLiabilitiesNetMinorityInterest8.93B5.90B5.24B3.67B
OtherNonCurrentLiabilities1.34B945.00M903.00M1.01B
PreferredSecuritiesOutsideStockEquity0.00
TradeandOtherPayablesNonCurrent183.00M160.00M187.00M204.00M
NonCurrentDeferredLiabilities238.00M247.00M255.00M282.00M
NonCurrentDeferredTaxesLiabilities238.00M247.00M255.00M282.00M
LongTermDebtAndCapitalLeaseObligation7.17B4.55B3.89B2.17B
LongTermCapitalLeaseObligation2.12B1.31B1.09B1.08B
LongTermDebt5.05B3.25B2.80B1.09B
CurrentLiabilities12.32B9.29B8.24B8.24B
OtherCurrentLiabilities447.00M345.00M218.00M226.00M
CurrentDeferredLiabilities448.00M375.00M298.00M276.00M
CurrentDeferredRevenue448.00M375.00M298.00M276.00M
CurrentDebtAndCapitalLeaseObligation2.82B1.14B933.00M1.33B
CurrentCapitalLeaseObligation284.00M200.00M242.00M230.00M
CurrentDebt2.54B942.00M691.00M1.10B
OtherCurrentBorrowings75.00M83.00M25.00M471.00M
LineOfCredit1.61B684.00M666.00M626.00M
CommercialPaper852.00M175.00M0.00
PensionandOtherPostRetirementBenefitPlansCurrent1.88B1.70B1.56B1.69B
PayablesAndAccruedExpenses6.73B5.73B5.24B4.72B
CurrentAccruedExpenses1.69B
Payables6.73B5.73B5.24B4.72B
OtherPayable1.63B1.42B1.46B1.46B
TotalTaxPayable258.00M209.00M217.00M184.00M
IncomeTaxPayable258.00M209.00M217.00M184.00M
AccountsPayable4.84B4.10B3.56B3.08B
TotalAssets30.88B24.38B22.55B20.51B
TotalNonCurrentAssets17.39B14.41B12.88B11.98B
OtherNonCurrentAssets1.83B1.88B1.55B1.11B
NonCurrentDeferredAssets697.00M538.00M361.00M266.00M
NonCurrentDeferredTaxesAssets697.00M538.00M361.00M266.00M
NonCurrentAccountsReceivable209.00M164.00M153.00M189.00M
InvestmentsAndAdvances870.00M1.29B1.37B1.32B
OtherInvestments0.00
LongTermEquityInvestment870.00M1.29B1.37B1.32B
InvestmentsinSubsidiariesatCost870.00M1.29B1.37B1.32B
InvestmentProperties646.00M505.00M300.00M172.00M
GoodwillAndOtherIntangibleAssets10.02B7.92B7.21B7.06B
OtherIntangibleAssets2.97B2.30B2.08B2.19B
Goodwill7.05B5.62B5.13B4.87B
NetPPE3.11B2.11B1.94B1.87B
AccumulatedDepreciation-2.14B-1.79B-1.58B-1.39B
GrossPPE5.25B3.91B3.51B3.25B
Leases804.00M716.00M658.00M611.00M
ConstructionInProgress215.00M153.00M186.00M185.00M
OtherProperties2.06B1.20B1.03B1.03B
MachineryFurnitureEquipment2.17B1.84B1.64B1.43B
Properties0.000.000.000.00
CurrentAssets13.49B9.97B9.67B8.53B
OtherCurrentAssets552.00M321.00M315.00M557.00M
RestrictedCash150.00M107.00M106.00M87.00M
PrepaidAssets372.00M332.00M333.00M311.00M
Receivables10.55B8.10B7.65B6.26B
OtherReceivables462.00M400.00M443.00M392.00M
TaxesReceivable175.00M130.00M159.00M82.00M
LoansReceivable1.63B561.00M675.00M455.00M
AccountsReceivable8.28B7.00B6.37B5.33B
AllowanceForDoubtfulAccountsReceivable-125.00M-101.00M-102.00M-92.40M
GrossAccountsReceivable8.41B7.11B6.47B5.42B
CashCashEquivalentsAndShortTermInvestments1.86B1.11B1.26B1.32B
CashAndCashEquivalents1.86B1.11B1.26B1.32B
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow1.19B1.40B175.00M1.37B
RepurchaseOfCapitalStock-968.00M-627.00M-665.00M-1.85B
RepaymentOfDebt-802.00M-4.05B-4.62B-1.66B
IssuanceOfDebt3.09B4.84B5.73B1.83B
CapitalExpenditure-366.00M-307.00M-305.00M-260.00M
InterestPaidSupplementalData448.00M396.00M191.00M89.00M
IncomeTaxPaidSupplementalData599.00M467.00M467.00M604.00M
EndCashPosition2.01B1.22B1.37B1.41B
BeginningCashPosition1.22B1.37B1.41B2.54B
EffectOfExchangeRateChanges65.00M-123.00M13.00M-166.00M
ChangesInCash728.00M-27.00M-47.00M-969.00M
FinancingCashFlow796.00M-221.00M154.00M-1.77B
CashFlowFromContinuingFinancingActivities796.00M-221.00M154.00M-1.77B
NetOtherFinancingCharges-521.00M-387.00M-289.00M-94.00M
NetCommonStockIssuance-968.00M-627.00M-665.00M-1.85B
CommonStockPayments-968.00M-627.00M-665.00M-1.85B
NetIssuancePaymentsOfDebt2.29B793.00M1.11B178.00M
NetShortTermDebtIssuance545.00M307.00M-178.00M178.00M
ShortTermDebtPayments-132.00M-4.04B-4.18B-1.66B
ShortTermDebtIssuance677.00M4.35B4.01B1.83B
NetLongTermDebtIssuance1.74B486.00M1.29B0.00
LongTermDebtPayments-670.00M-9.00M-437.00M0.00
LongTermDebtIssuance2.41B495.00M1.72B0.00
InvestingCashFlow-1.63B-1.51B-681.00M-832.00M
CashFlowFromContinuingInvestingActivities-1.63B-1.51B-681.00M-832.00M
NetOtherInvestingChanges155.00M150.00M48.00M-101.00M
DividendsReceivedCFI91.00M54.00M87.00M76.00M
NetInvestmentPurchaseAndSale0.00-100.72M213.00M
SaleOfInvestment0.000.00213.00M
PurchaseOfInvestment0.00-100.72M0.00
NetInvestmentPropertiesPurchaseAndSale119.00M-154.00M-94.00M0.00
SaleOfInvestmentProperties509.00M235.00M77.00M0.00
PurchaseOfInvestmentProperties-390.00M-389.00M-171.00M0.00
NetBusinessPurchaseAndSale-1.53B-1.20B-330.00M-558.00M
PurchaseOfBusiness-1.53B-1.20B-330.00M-558.00M
CapitalExpenditureReported-366.00M-307.00M-305.00M-260.00M
OperatingCashFlow1.56B1.71B480.00M1.63B
CashFlowFromContinuingOperatingActivities1.56B1.71B480.00M1.63B
DividendReceivedCFO132.00M256.00M389.00M520.00M
ChangeInWorkingCapital-67.00M93.00M-944.00M-574.00M
ChangeInOtherWorkingCapital245.00M124.00M-276.00M-135.00M
ChangeInOtherCurrentLiabilities218.00M-830.00M-107.00M
ChangeInPayablesAndAccruedExpense570.00M566.00M34.00M64.00M
ChangeInPayable570.00M566.00M34.00M64.10M
ChangeInAccountPayable570.00M566.00M34.00M64.10M
ChangeInInventory81.00M95.00M-55.00M
ChangeInReceivables-882.00M-597.00M-702.00M-503.00M
OtherNonCashItems268.00M76.00M75.00M-213.00M
StockBasedCompensation120.00M146.00M96.00M160.00M
ProvisionandWriteOffofAssets16.00M17.03M24.00M
AssetImpairmentCharge0.000.0059.00M0.00
DeferredTax-269.00M-194.00M-121.00M
DeferredIncomeTax-269.00M-194.00M-121.00M
DepreciationAmortizationDepletion729.00M674.00M622.00M613.00M
DepreciationAndAmortization729.00M674.00M622.00M613.00M
OperatingGainsLosses-499.00M-123.00M-275.00M-229.00M
EarningsLossesFromEquityInvestments-40.00M19.00M-248.00M-229.00M
GainLossOnInvestmentSecurities-459.00M-142.00M-27.00M30.48M
GainLossOnSaleOfBusiness0.000.00-187.00M
NetIncomeFromContinuingOperations1.28B1.04B1.03B1.42B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for CBRE
Date User Asset Broker Type Position Size Entry Price Patterns