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CBRE GroupMEX:CBRE 90 Beneish M-Score is -2.38 as of Sep. 15, 2026. GuruFocus rates MEX:CBRE with a GF Score™ of 90/100 and a GF Value™ of MXN2,761.98 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,676 Real Estate companies, CBRE Group ranks better than 51.07% on this metric.
The zones of discrimination for M-Score is as such:
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Good Sign:
Beneish M-Score -2.38 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for CBRE Group's Beneish M-Score or its related term are showing as below:
MEX:CBRE'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.81 Med: -2.43 Max: -1.98
Current: -2.38
During the past 13 years, the highest Beneish M-Score of CBRE Group was -1.98. The lowest was -2.81. And the median was -2.43.
The historical data trend for CBRE Group's Beneish M-Score 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.
MEX:CBRE vs BEKE, JLL, CSGP: Beneish M-Score Comparison
For the Real Estate Services subindustry, CBRE Group's Beneish M-Score, along with its competitors' market caps and Beneish M-Score 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 Beneish M-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, CBRE Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where CBRE Group's Beneish M-Score falls into.
The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.
The M-Score Variables:
The M-score of CBRE Group for today is based on a combination of the following eight different indices:
M
=
-4.84
+
0.92 * DSRI
+
0.528 * GMI
+
0.404 * AQI
+
0.892 * SGI
+
0.115 * DEPI
=
-4.84
+
0.92 * 0.9494
+
0.528 * 1.0403
+
0.404 * 1.0246
+
0.892 * 1.0421
+
0.115 * 1.0396
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0324
+
4.679 * -0.004923
-
0.327 * 1.0353
=
-2.49
* 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.
Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.
DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.
DEPI
=
(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))
/
(Depreciation_t / (Depreciaton_t + PPE_t))
=
(14092.717 / (14092.717 + 61380.108))
/
(13332.645 / (13332.645 + 60896.019))
=
0.186726
/
0.179616
=
1.0396
Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.
6. SGAI = Sales, General and Administrative expenses Index
Total accruals calculated as the change in working capital accounts other than cash less depreciation.
TATA
=
(IncomefromContinuingOperations_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(NetIncome_t - NonOperatingIncome_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(23510.108 - 0
-
26131.427)
/
532442.636
=
-0.004923
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
CBRE Group has a M-score of -2.49 suggests that the company is unlikely to be a manipulator.
CBRE Group (MEX:CBRE) has a Beneish M-Score of -2.38 as of Sep. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on CBRE Group and its competitors. According to the industry distribution chart, CBRE Group ranks #820 out of 1676 companies in the Real Estate industry, placing it in the top 48.9%.
Is CBRE Group's Beneish M-Score too high?
CBRE Group's current Beneish M-Score is -2.38. Based on the distribution chart, CBRE Group ranks #820 out of 1676 companies in the Real Estate industry, which is above the industry midpoint. Overall, CBRE Group has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CBRE Group's Beneish M-Score compare to BEKE and JLL?
According to the Real Estate industry distribution chart, CBRE Group ranks #820 out of 1676 companies for Beneish M-Score. This puts CBRE Group in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Real Estate company?
A good Beneish M-Score depends on the Real Estate industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on CBRE Group and its competitors. CBRE Group's current Beneish M-Score is -2.38. 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 (MEX:CBRE) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN2,761.98, compared to a current price of MXN2,346.31 — trading 15% below its estimated fair value. The current Beneish M-Score is -2.38. CBRE Group's overall GF Score™ is 90/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For CBRE Group (MEX:CBRE), the current Beneish M-Score is -2.38 as of Sep. 15, 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 (MEX:CBRE) Overvalued in 2026?
Based on GuruFocus' analysis, CBRE Group stock appears to be undervalued.
The current stock price of MXN2,346.31 is trading 15% below its estimated GF Value™ of MXN2,761.98.
GuruFocus considers CBRE Group to be Modestly Undervalued.
Key valuation signals for MEX:CBRE:
Beneish M-Score: -2.38
GF Value™: MXN2,761.98 vs. price of MXN2,346.31 (15% below fair value)
No single metric tells the full story. See the MEX:CBRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
90GF Score
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