CBRE GROUP, INC. (CBRE)

Real Estate

Latest Price

$146.81

TTM P/E

33.52

Normalized P/E

37.03

Div Yield

Book Value

28.94

P/B Ratio

5.07

Valuation metrics

EPS: $3.85

Book value / share: $30.02

Formula: √(22.5 × EPS × BVPS)

Graham Number

$51.00

65% downside

Norm. op. income: $1.4B (median of 7yr)

Tax rate: 20%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$19.32

87% downside

Base FCF: $1.4B (median of recent 5yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$60.28

59% downside

EPS: $3.85

Target P/E: 37×

Formula: EPS × P/E

P/E Fair Value

$142.45

3% downside

91.6% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	27.76M	$3.76B	9.48%	+77.0K	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	25.81M	$3.50B	8.81%	--	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	19.05M	$2.58B	6.51%	--	2026-03-31
STATE STREET CORP	14.02M	$1.90B	4.79%	+168.1K	2026-03-31
PRINCIPAL FINANCIAL GROUP INC	9.87M	$1.34B	3.37%	+302.4K	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	8.63M	$1.18B	2.95%	+153.7K	2026-03-31
HARRIS ASSOCIATES L P	6.42M	$869.0M	2.19%	-506.4K	2026-03-31
MORGAN STANLEY	6.29M	$852.0M	2.15%	-397.0K	2026-03-31
Invesco Ltd.	5.31M	$718.0M	1.81%	-746.7K	2026-03-31
FMR LLC	4.64M	$628.0M	1.58%	-4.62M	2026-03-31