Colliers International Group Inc. (CIGI)

Real Estate

Latest Price

$89.80

TTM P/E

44.24

Normalized P/E

44.24

Div Yield

0.33%

Book Value

30.19

P/B Ratio

2.97

Valuation metrics

EPS: $2.02

Book value / share: $38.15

Formula: √(22.5 × EPS × BVPS)

Graham Number

$41.64

54% downside

Norm. op. income: $317M (median of 6yr)

Tax rate: 29%

Discount rate: 10%

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

Earnings Power Value

$20.78

77% downside

Base FCF: $189M (median of recent 5yr)

Growth: -4%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$7.83

91% downside

EPS: $2.02

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$30.30

66% downside

63.9% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
1832 Asset Management L.P.	3.56M	$334.0M	7.02%	+338.7K	2026-06-30
Spruce House Investment Management LLC	2.75M	$257.0M	5.41%	+234.3K	2026-06-30
FIL Ltd	2.07M	$194.0M	4.08%	+424.3K	2026-06-30
Price T Rowe Associates Inc	2.03M	$190.0M	3.99%	+646.8K	2026-06-30
Turtle Creek Asset Management Inc.	1.84M	$172.0M	3.62%	-587.8K	2026-06-30
Beutel, Goodman & Co Ltd.	1.78M	$166.0M	3.50%	-254.6K	2026-06-30
Bank of Montreal	1.35M	$126.0M	2.65%	+191.3K	2026-06-30
Neuberger Berman Group LLC	1.30M	$122.0M	2.57%	+207.2K	2026-06-30
Vanguard Capital Management LLC	1.28M	$120.0M	2.52%	+13.8K	2026-06-30
CIBC Asset Management Inc	1.07M	$99.0M	2.10%	-28.4K	2026-06-30