---
title: CBRE Group (CBRE) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/cbre
ticker: CBRE
as_of: 2026-10-17
sector: Real Estate
industry: Real Estate - Services
---
# CBRE Group (CBRE)

CBRE Group (CBRE) closed at $133.08 on Oct 16, 2026, overvalued by 58% vs its model value of $84.19 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $133.08 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $84.19 |
| Price vs model | overvalued by 58% vs model |
| Range of that model | $50.14 – $185.57 |
| Market value | $38.5B |
| P/E (fiscal 2025) | 34.6 |
| Net margin (fiscal 2025) | 2.9% |
| Free cash flow (fiscal 2025) | $1.2B |
| Dividend yield (trailing twelve months) | 0.00% |
| Beta | 1.24 |
| Cost of capital (WACC) | 9.03% |
| Business classification | Mature & Stable (Moderate growth (~13% recent), Thin margins (2.9% net margin), Highly cyclical earnings) |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $84.19 | $50.14 | $185.57 |
| DCF · Perpetuity growth · 10y | cross check | $97.36 | $59.57 | $208.88 |
| DCF · EBITDA exit · 5y | cross check | $111.85 | $69.49 | $161.81 |
| DCF · EBITDA exit · 10y | cross check | $121.77 | $75.21 | $184.22 |
| P/E · peers | cross check | $128.93 | $93.95 | $273.21 |
| P/E · own history | cross check | $177.96 | $104.53 | $241.89 |
| PEG | sanity check | $195.66 | $195.66 | $195.66 |
| EV/EBITDA · peers | cross check | $88.17 | $80.36 | $98.74 |
| EV/Revenue · peers | cross check | $82.95 | $61.91 | $108.50 |
| Earnings power value | cross check | $41.70 | $33.05 | $53.79 |
| Dividend discount | cross check | $0.00 | $0.00 | $0.00 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 3 open-market sales ($767,362.6); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Aug 13, 2026 | Giamartino Emma E. | CFO & Chief Investment Officer | Open-market sell (10b5-1 plan) | 2,250 | $333,652.5 |
| Aug 13, 2026 | Doellinger Chad J | Chief Legal & Admin. Officer | Open-market sell (10b5-1 plan) | 228 | $33,810.1 |
| Jul 29, 2026 | Kohli Vikramaditya | COO & CEO, Advisory Services | Open-market sell (10b5-1 plan) | 2,666 | $399,900 |
| May 27, 2026 | Cobert Beth F. | Director | Bona fide gift | 2,068 | $0 |
| May 27, 2026 | Cobert Beth F. | Director | Bona fide gift | 2,068 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Jul 29, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1138118/000113811826000024/cbre-20260630.htm |
| Jul 29, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1138118/000113811826000021/cbre-20260729.htm |
| Jun 23, 2026 | 8-K | 1.01 Entry into a Material Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1138118/000119312526279756/cbre-20260623.htm |
| Jun 15, 2026 | 8-K | 7.01 Regulation FD Disclosure | https://www.sec.gov/Archives/edgar/data/1138118/000119312526271325/cbre-20260615.htm |
| May 22, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/1138118/000119312526237130/cbre-20260521.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Bill Nygren | 2026-06-30 | 6,013,890 | $810.0M |
| ValueAct | 2026-06-30 | 992,391 | $133.7M |
| John Rogers | 2026-06-30 | 343,527 | $46.3M |
| Richard Pzena | 2026-06-30 | 305,781 | $41.2M |

9 tracked managers in all.

## 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, ind…

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Source: https://sweetvaluelab.com/stocks/cbre (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.