What is Cbre Group, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Cbre Group, Inc.'s reported free cash flow gives $89.62 per share. The share price was $134.55 on September 25, 2026, 50% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 6.0% | 10.0% | $49.16 | -63% |
| Base | 11.0% | 9.0% | $89.62 | -33% |
| Bull | 16.0% | 8.0% | $165.07 | +23% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $119.62 | $128.89 | $140.22 | $154.38 | $172.60 |
| 8.0% | $97.14 | $103.16 | $110.26 | $118.79 | $129.21 |
| 9.0% | $80.77 | $84.88 | $89.62 | $95.15 | $101.69 |
| 10.0% | $68.32 | $71.25 | $74.56 | $78.35 | $82.71 |
| 11.0% | $58.57 | $60.71 | $63.10 | $65.80 | $68.85 |
Where the presets come from
Base: years 1 to 5 grow at Cbre Group, Inc.'s revenue growth rate over the last 5 fiscal years (11.2% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions