KE Holdings Inc ADR (BEKE) is slightly overvalued and CBRE Group Inc (CBRE) is overvalued.
Both trade above our estimate of their intrinsic value. BEKE is the closer of the two: -17%, against -25% for CBRE.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.2% (average of 3 methods) values the shares at $13.98; the price of $16.38 is 17% above that value, and 79% of that value comes from beyond year five.
Leak Score 27/100 on 3 of 12 signals
Discounting its cash flows at 9.9% (average of 3 methods) values the shares at $112.47; the price of $141.05 is 25% above that value, and 73% of that value comes from beyond year five.
Leak Score 44/100 on 10 of 12 signals
| Metric | BEKE | CBRE |
|---|---|---|
| Verdict | Slightly overvalued | Overvalued |
| Price | $16.38 | $141.05 |
| Intrinsic value | $13.98 | $112.47 |
| Margin of safety | -17% | -25% |
| Leak Score | 27/100 (3/12) | 44/100 (10/12) |
| Market cap | $17.3B | $40.8B |
| Revenue growth, 5 years | 5.2% | 11.2% |
| Operating margin | 5.6% | 2.8% |
| Net margin | 5.4% | 3.0% |
| Return on equity | 7.1% | 15.6% |
| Debt to equity | 0.22 | 1.29 |
| P/E | 27.0x | 32.3x |
| Forward P/E | 12.9x | 15.7x |
| P/B | 1.9x | 4.9x |
| Dividend yield | 2.5% | — |