Colliers International Group (TSX:CIGI) Cyclically Adjusted PB Ratio: 6.36 (As of Aug. 06, 2026) — 51% Below Median

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TSX:CIGI Colliers International Group Inc TSX:CIGI
74 GF Score
Price C$141.81
GF Value C$207.98
Valuation Possible Value Trap
! 7 Warning Signs
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What is Colliers International Group Cyclically Adjusted PB Ratio?

Colliers International Group TSX:CIGI +1.88% 74 Cyclically Adjusted PB Ratio is 6.36 as of Aug. 06, 2026, which is 51% below its 10-year median of 12.98. GuruFocus rates TSX:CIGI with a GF Score™ of 74/100 and a GF Value™ of C$207.98 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,413 Real Estate companies, Colliers International Group ranks worse than 96.96% on this metric.

As of today (2026-08-06), Colliers International Group's current share price is C$141.81. Colliers International Group's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was C$22.31. Colliers International Group's Cyclically Adjusted PB Ratio for today is 6.36.

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

TSX:CIGI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 5.97   Med: 12.98   Max: 20.82
Current: 6.36

During the past years, Colliers International Group's highest Cyclically Adjusted PB Ratio was 20.82. The lowest was 5.97. And the median was 12.98.

TSX:CIGI's Cyclically Adjusted PB Ratio is ranked worse than
96.96% of 1413 companies
in the Real Estate industry
Industry Median: 0.69 vs TSX:CIGI: 6.36

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.

Colliers International Group's adjusted book value per share data for the three months ended in Jun. 2026 was C$42.391. 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 C$22.31 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Colliers International Group  (TSX:CIGI) 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.


Colliers International Group Cyclically Adjusted PB Ratio Related Terms


Colliers International Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Colliers International 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.

Colliers International Group Cyclically Adjusted PB Ratio Chart

Colliers International 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 18.32 10.35 12.22 11.91 10.05

Colliers International 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 9.75 11.34 10.05 7.01 5.96

TSX:CIGI vs CBRE, BEKE, JLL: Cyclically Adjusted PB Ratio Comparison

For the Real Estate Services subindustry, Colliers International 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.


Colliers International Group Cyclically Adjusted PB Ratio vs Real Estate Industry

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

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


TSX:CIGI
74GF Score
Colliers International Group Inc TSX:CIGI
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Colliers International 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=141.81/22.31
=6.36

* 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.

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

For example, Colliers International 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)
=42.391/133.5265*133.5265
=42.391

Current CPI (Jun. 2026) = 133.5265.

Colliers International Group Quarterly Data

Book Value per Share CPI Adj_Book
201609 6.006 101.765 7.881
201612 7.101 101.449 9.346
201703 7.394 102.634 9.620
201706 7.854 103.029 10.179
201709 7.716 103.345 9.969
201712 9.792 103.345 12.652
201803 10.433 105.004 13.267
201806 10.938 105.557 13.836
201809 11.307 105.636 14.292
201812 13.279 105.399 16.823
201903 13.571 106.979 16.939
201906 14.267 107.690 17.690
201909 15.095 107.611 18.730
201912 16.951 107.769 21.002
202003 17.258 107.927 21.351
202006 16.782 108.401 20.672
202009 17.462 108.164 21.556
202012 18.562 108.559 22.831
202103 17.067 110.298 20.661
202106 14.396 111.720 17.206
202109 15.489 112.905 18.318
202112 16.898 113.774 19.832
202203 15.241 117.646 17.298
202206 14.343 120.806 15.853
202209 14.825 120.648 16.407
202212 15.495 120.964 17.104
202303 15.271 122.702 16.618
202306 20.094 124.203 21.602
202309 20.873 125.230 22.256
202312 23.926 125.072 25.543
202403 31.293 126.258 33.095
202406 32.556 127.522 34.089
202409 33.693 127.285 35.345
202412 37.295 127.364 39.100
202503 38.023 129.181 39.302
202506 37.263 129.892 38.306
202509 39.182 130.287 40.156
202512 41.390 130.366 42.393
202603 40.652 132.262 41.041
202606 42.391 133.527 42.391

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 6.36 mean?
Colliers International Group (TSX:CIGI) has a Cyclically Adjusted PB Ratio of 6.36 as of Aug. 06, 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 Colliers International Group and its competitors. This is 51% below median its historical median of 12.98. Over the past decade, Colliers International Group's Cyclically Adjusted PB Ratio has ranged from 5.97 to 20.82. According to the industry distribution chart, Colliers International Group ranks #1370 out of 1413 companies in the Real Estate industry, placing it in the top 97%.
Is Colliers International Group's Cyclically Adjusted PB Ratio too high?
Colliers International Group's current Cyclically Adjusted PB Ratio of 6.36 is 51% below median its 10-year median of 12.98. Over the past 10 years, this metric has ranged from a low of 5.97 to a high of 20.82. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.69. Colliers International Group's value of 6.36 is 821.7% above this industry median. Based on the distribution chart, Colliers International Group ranks #1370 out of 1413 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Colliers International Group has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Colliers International Group's Cyclically Adjusted PB Ratio compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Colliers International Group ranks #1370 out of 1413 companies for Cyclically Adjusted PB Ratio. This places Colliers International Group in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.69. Colliers International Group's value of 6.36 is 821.7% above this benchmark. Historically, Colliers International Group's own Cyclically Adjusted PB Ratio has ranged from 5.97 to 20.82 over the past decade. While the company's 10-year median is 12.98 vs. the industry median of 0.69, Colliers International 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 0.69, based on 1,413 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. Colliers International Group's current Cyclically Adjusted PB Ratio of 6.36 is 821.7% 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 Colliers International Group and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Colliers International Group's current Cyclically Adjusted PB Ratio is 6.36, which is 51% below median its own 10-year median of 12.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Colliers International Group stock overvalued right now?
Based on GuruFocus' analysis, Colliers International Group (TSX:CIGI) is currently considered Possible Value Trap. The stock's GF Value™ is C$207.98, compared to a current price of C$141.81 — trading 31.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.36, which is 51% below median its 10-year median of 12.98 and 821.7% above the Real Estate industry median of 0.69. Colliers International Group's overall GF Score™ is 74/100 with 7 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 Colliers International Group (TSX:CIGI), the current Cyclically Adjusted PB Ratio is 6.36 as of Aug. 06, 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 Colliers International Group (TSX:CIGI) Overvalued in 2026?

Based on GuruFocus' analysis, Colliers International Group stock appears to be undervalued. The current stock price of C$141.81 is trading 31.8% below its estimated GF Value™ of C$207.98. GuruFocus considers Colliers International Group to be Possible Value Trap.

Key valuation signals for TSX:CIGI:

  • Cyclically Adjusted PB Ratio: 6.36 (51% below median its 10-year median of 12.98)
  • GF Value™: C$207.98 vs. price of C$141.81 (31.8% below fair value)
  • GF Score™: 74/100 with 7 warning signs
  • Industry Position: 821.7% above the Real Estate median (#1370 of 1413)

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


Colliers International Group Business Description

Address 1140 Bay Street, Suite 4000, Toronto, ON, CAN, M5S 2B4
Colliers International Group Inc provides commercial real estate professional services and investment management to corporate and institutional clients across different countries around the world. Its operating segments are Commercial Real Estate, Engineering and Investment Management. Maximum revenue for the company is generated from its Commercial Real Estate segment, which offers services like transaction and debt finance services, outsourcing in property management, valuation and advisory, loan servicing, and others. Geographically, the company generates maximum revenue from the United States followed by Canada, Euro currency countries, Australia, the United Kingdom, Poland, China, India, and other regions.
74GF Score

Get the complete analysis for TSX:CIGI

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

C$141.81
Price
C$207.98
GF Value