CBRE Group Inc Dossier
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SectorReal Estate IndustryReal Estate Management & Development Beta (adjusted)1.13 Intrinsic Value $95.75median of 1 methodbased on filings through 30 Jun 2026 Market Price $130.53Price as of 1 Oct 2026 OvervaluedIntrinsic value is 27% below the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $37.8B Enterprise Value $42.1B Shares Outstanding 294.7M diluted Next Earnings Date26 Oct 2026 Last ex-dividend19 Apr 2024 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary CBRE entered the second half of 2026 with broad operating momentum: second-quarter revenue increased 15.5%, core EPS increased 30%, all four operating segments increased segment operating profit by more than 25%, and management raised full-year core EPS guidance to $7.80-$7.90. Critical-infrastructure services and recovering leasing and property-sales activity provide attractive growth exposure, while recurring outsourcing, property-management and investment-management activities improve resilience. The balanced operating evidence is offset by rising leverage, acquisition-integration demands, commercial-real-estate cyclicality and a $456 million Telford fire-safety remediation liability whose estimate remains variable. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$144.00 Mean target$181.50 High · most bullish analyst$200.00 Street targets sit above today's price; our intrinsic value sits below it. Different horizons, different questions. Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $144.0019% Leasing or capital-markets activity weakens, critical-infrastructure growth normalizes sharply, integration costs or debt service absorb more cash, and additional Telford remediation revisions pressure reported earnings. Base CaseCentral scenario $181.5056% Matches the consensus meanCommercial-real-estate activity continues recovering at a moderating pace, resilient businesses maintain healthy growth, and full-year core EPS remains within the $7.80-$7.90 guidance range. Higher leverage and remediation costs remain manageable but constrain the risk-adjusted conclusion. Bull CaseUpside scenario $200.0025% Leasing, property sales and infrastructure-related demand remain strong, Pearce integration sustains outsized critical-infrastructure growth, all segments continue generating operating leverage, and CBRE meets or exceeds the raised 2026 core EPS range. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |