CBRE Group Inc (CBRE) is overvalued and Costar Group Inc (CSGP) is overvalued.
Both trade above our estimate of their intrinsic value. CBRE is the closer of the two: -25%, against -661% for CSGP.
Values as of the 22 Sept 2026 close.
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
Discounting its cash flows at 8.9% (average of 3 methods) values the shares at $3.78; the price of $28.77 is 661% above that value.
Leak Score 27/100 on 3 of 12 signals
| Metric | CBRE | CSGP |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $141.05 | $28.77 |
| Intrinsic value | $112.47 | $3.78 |
| Margin of safety | -25% | -661% |
| Leak Score | 44/100 (10/12) | 27/100 (3/12) |
| Market cap | $40.8B | $11.7B |
| Revenue growth, 5 years | 11.2% | 14.4% |
| Operating margin | 2.8% | 2.4% |
| Net margin | 3.0% | 2.1% |
| Return on equity | 15.6% | 0.9% |
| Debt to equity | 1.29 | 0.15 |
| P/E | 32.3x | 158.3x |
| Forward P/E | 15.7x | 16.8x |
| P/B | 4.9x | 1.5x |