CBRE Group (BSP:C1BR34) Cyclically Adjusted PB Ratio: 6.14 (As of Aug. 29, 2026) — Near Median

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BSP:C1BR34 CBRE Group Inc BSP:C1BR34
95 GF Score
Price R$783.85
GF Value R$822.25
Valuation Fairly Valued
! 5 Warning Signs
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What is CBRE Group Cyclically Adjusted PB Ratio?

CBRE Group BSP:C1BR34 +0.69% 95 Cyclically Adjusted PB Ratio is 6.14 as of Aug. 29, 2026, which is 6% below its 10-year median of 6.52. GuruFocus rates BSP:C1BR34 with a GF Score™ of 95/100 and a GF Value™ of R$822.25 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,298 Real Estate companies, CBRE Group ranks worse than 97.38% on this metric.

As of today (2026-08-29), CBRE Group's current share price is R$783.85. CBRE Group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$127.65. CBRE Group's Cyclically Adjusted PB Ratio for today is 6.14.

The historical rank and industry rank for CBRE Group's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:C1BR34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.75   Med: 6.52   Max: 8.87
Current: 6.17

During the past years, CBRE Group's highest Cyclically Adjusted PB Ratio was 8.87. The lowest was 3.75. And the median was 6.52.

BSP:C1BR34's Cyclically Adjusted PB Ratio is ranked worse than
97.38% of 1298 companies
in the Real Estate industry
Industry Median: 0.67 vs BSP:C1BR34: 6.17

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

CBRE Group's adjusted book value per share data for the three months ended in Jun. 2026 was R$148.464. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$127.65 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CBRE Group  (BSP:C1BR34) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


CBRE Group Cyclically Adjusted PB Ratio Related Terms


CBRE Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CBRE Group's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

CBRE Group Cyclically Adjusted PB Ratio Chart

CBRE Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.50 4.93 5.15 6.40 7.02

CBRE Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.41 7.01 7.02 5.70 5.51

BSP:C1BR34 vs BEKE, JLL, CSGP: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, CBRE Group's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CBRE Group Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, CBRE Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where CBRE Group's Cyclically Adjusted PB Ratio falls into.


BSP:C1BR34
95GF Score
CBRE Group Inc BSP:C1BR34
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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CBRE Group Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

CBRE Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=783.85/127.65
=6.14

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

CBRE Group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, CBRE Group's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=148.464/333.9520*333.9520
=148.464

Current CPI (Jun. 2026) = 333.9520.

CBRE Group Quarterly Data

Book Value per Share CPI Adj_Book
201609 28.310 241.428 39.159
201612 29.977 241.432 41.465
201703 29.731 243.801 40.725
201706 34.518 244.955 47.059
201709 35.024 246.819 47.388
201712 39.938 246.524 54.102
201803 42.058 249.554 56.282
201806 49.426 251.989 65.503
201809 56.806 252.439 75.149
201812 56.927 251.233 75.670
201903 58.129 254.202 76.366
201906 61.294 256.143 79.913
201909 67.627 256.759 87.959
201912 76.421 256.974 99.313
202003 89.362 258.115 115.618
202006 96.636 257.797 125.183
202009 105.494 260.280 135.354
202012 108.522 260.474 139.135
202103 121.291 264.877 152.921
202106 115.030 271.696 141.388
202109 125.610 274.310 152.921
202112 144.877 278.802 173.535
202203 127.900 287.504 148.563
202206 127.494 296.311 143.690
202209 131.246 296.808 147.671
202212 132.445 296.797 149.025
202303 131.726 301.836 145.742
202306 126.435 305.109 138.387
202309 124.525 307.789 135.110
202312 132.857 306.746 144.640
202403 134.023 312.332 143.300
202406 146.852 314.175 156.096
202409 157.297 315.301 166.602
202412 169.890 315.605 179.766
202503 159.183 319.799 166.228
202506 153.834 322.561 159.267
202509 153.827 324.800 158.161
202512 163.783 324.054 168.786
202603 152.151 330.213 153.874
202606 148.464 333.952 148.464

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 6.14 mean?
CBRE Group (BSP:C1BR34) has a Cyclically Adjusted PB Ratio of 6.14 as of Aug. 29, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on CBRE Group and its competitors. This is near median its historical median of 6.52. Over the past decade, CBRE Group's Cyclically Adjusted PB Ratio has ranged from 3.75 to 8.87. According to the industry distribution chart, CBRE Group ranks #1264 out of 1298 companies in the Real Estate industry, placing it in the top 97.4%.
Is CBRE Group's Cyclically Adjusted PB Ratio too high?
CBRE Group's current Cyclically Adjusted PB Ratio of 6.14 is near median its 10-year median of 6.52. Over the past 10 years, this metric has ranged from a low of 3.75 to a high of 8.87. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.67. CBRE Group's value of 6.14 is 816.4% above this industry median. Based on the distribution chart, CBRE Group ranks #1264 out of 1298 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, CBRE Group has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CBRE Group's Cyclically Adjusted PB Ratio compare to BEKE and JLL?
According to the Real Estate industry distribution chart, CBRE Group ranks #1264 out of 1298 companies for Cyclically Adjusted PB Ratio. This places CBRE Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.67. CBRE Group's value of 6.14 is 816.4% above this benchmark. Historically, CBRE Group's own Cyclically Adjusted PB Ratio has ranged from 3.75 to 8.87 over the past decade. While the company's 10-year median is 6.52 vs. the industry median of 0.67, CBRE Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.67, based on 1,298 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CBRE Group's current Cyclically Adjusted PB Ratio of 6.14 is 816.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on CBRE Group and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CBRE Group's current Cyclically Adjusted PB Ratio is 6.14, which is near median its own 10-year median of 6.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CBRE Group stock overvalued right now?
Based on GuruFocus' analysis, CBRE Group (BSP:C1BR34) is currently considered Fairly Valued. The stock's GF Value™ is R$822.25, compared to a current price of R$783.85 — trading 4.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.14, which is near median its 10-year median of 6.52 and 816.4% above the Real Estate industry median of 0.67. CBRE Group's overall GF Score™ is 95/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For CBRE Group (BSP:C1BR34), the current Cyclically Adjusted PB Ratio is 6.14 as of Aug. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is CBRE Group (BSP:C1BR34) Overvalued in 2026?

Based on GuruFocus' analysis, CBRE Group stock appears to be undervalued. The current stock price of R$783.85 is trading 4.7% below its estimated GF Value™ of R$822.25. GuruFocus considers CBRE Group to be Fairly Valued.

Key valuation signals for BSP:C1BR34:

  • Cyclically Adjusted PB Ratio: 6.14 (near median its 10-year median of 6.52)
  • GF Value™: R$822.25 vs. price of R$783.85 (4.7% below fair value)
  • GF Score™: 95/100 with 5 warning signs
  • Industry Position: 816.4% above the Real Estate median (#1264 of 1298)

No single metric tells the full story. See the BSP:C1BR34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CBRE Group Business Description

Address 2121 North Pearl Street, Suite 300, Dallas, TX, USA, 75201
CBRE Group provides a wide range of real estate services to owners, occupants, and investors worldwide, including leasing, property and project management, and capital markets advisory. CBRE's investment management arm managed over $155 billion (at year-end 2025) for clients across diverse public and private real estate strategies.
95GF Score

Get the complete analysis for BSP:C1BR34

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$783.85
Price
R$822.25
GF Value