Latest Ratios: P/E Ratio 48.8x · EV/EBITDA 11.1x · ROE 4.0%. (1995–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.0B | $5.5B | $6.8B | $5.9B | $4.0B | $6.4B | $3.6B | $3.1B | $2.2B | $2.4B | $1.4B |
| Enterprise Value | $7.4B | $7.9B | $8.7B | $7.8B | $6.0B | $7.3B | $4.7B | $3.9B | $2.7B | $2.5B | $1.6B |
| P/E Ratio → | 48.80 | 71.36 | 42.23 | 89.10 | 20.78 | — | 37.93 | 22.67 | 22.46 | 46.07 | 21.00 |
| P/S Ratio | 0.88 | 0.97 | 1.42 | 1.35 | 0.91 | 1.56 | 1.29 | 1.02 | 0.78 | 1.04 | 0.75 |
| P/B Ratio | 1.33 | 1.94 | 2.75 | 3.05 | 2.57 | 5.69 | 3.48 | 3.56 | 2.98 | 5.45 | 4.11 |
| P/FCF | 21.54 | 23.54 | 26.15 | 72.16 | — | 27.62 | 28.39 | 11.69 | 9.87 | 13.68 | 10.89 |
| P/OCF | 16.02 | 17.50 | 20.93 | 35.34 | 60.30 | 22.08 | 21.51 | 10.03 | 8.50 | 11.15 | 9.14 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.40 | 1.81 | 1.80 | 1.34 | 1.78 | 1.68 | 1.28 | 0.97 | 1.10 | 0.83 |
| EV / EBITDA | 11.13 | 11.83 | 14.25 | 15.51 | 11.70 | 535.57 | 16.10 | 12.51 | 1.02 | 1.01 | 0.84 |
| EV / EBIT | 18.23 | 20.09 | 21.93 | 25.45 | 17.64 | — | 27.93 | 17.78 | 13.49 | 14.97 | 10.62 |
| EV / FCF | — | 34.05 | 33.36 | 96.26 | — | 31.51 | 37.08 | 14.68 | 12.32 | 14.50 | 12.02 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.8% | 30.8% | 39.9% | 40.1% | 38.3% | 38.4% | 37.5% | 35.7% | 35.7% | 37.3% | 37.8% |
| Operating Margin | 7.2% | 7.2% | 8.1% | 6.9% | 7.5% | -3.2% | 5.9% | 7.2% | 7.1% | 7.3% | 7.7% |
| Net Profit Margin | 1.9% | 1.9% | 3.4% | 1.5% | 1.0% | -9.5% | 1.8% | 3.4% | 3.5% | 2.2% | 3.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.0% | 4.0% | 7.3% | 3.8% | 3.4% | -36.3% | 5.2% | 12.8% | 16.7% | 12.6% | 21.4% |
| ROA | 1.6% | 1.6% | 2.8% | 1.2% | 1.0% | -10.9% | 1.6% | 3.9% | 5.1% | 3.7% | 5.9% |
| ROIC | 6.4% | 6.4% | 7.1% | 6.1% | 9.0% | -4.8% | 6.5% | 11.1% | 16.3% | 23.3% | 23.6% |
| ROCE | 7.3% | 7.3% | 9.0% | 7.7% | 10.9% | -5.8% | 7.9% | 12.4% | 17.3% | 23.0% | 22.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.96 | 0.96 | 0.83 | 1.11 | 1.33 | 1.16 | 1.22 | 1.04 | 0.91 | 0.57 | 0.76 |
| Debt / EBITDA | 4.04 | 4.04 | 3.37 | 4.24 | 4.11 | 95.40 | 4.31 | 2.91 | 0.25 | 0.10 | 0.14 |
| Net Debt / Equity | — | 0.87 | 0.76 | 1.02 | 1.22 | 0.80 | 1.07 | 0.91 | 0.74 | 0.33 | 0.43 |
| Net Debt / EBITDA | 3.65 | 3.65 | 3.08 | 3.88 | 3.77 | 66.21 | 3.77 | 2.54 | 0.20 | 0.06 | 0.08 |
| Debt / FCF | — | 10.52 | 7.21 | 24.10 | — | 3.90 | 8.69 | 2.98 | 2.46 | 0.82 | 1.14 |
| Interest Coverage | 4.70 | 4.70 | 4.63 | 3.26 | 6.96 | -3.78 | 5.41 | 7.47 | 9.72 | 14.11 | 16.17 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.75 | 5.75 | 1.06 | 1.02 | 0.90 | 1.02 | 0.93 | 0.78 | 0.95 | 0.89 | 1.03 |
| Quick Ratio | 5.75 | 5.75 | 1.06 | 1.02 | 0.90 | 1.02 | 0.93 | 0.78 | 0.95 | 0.89 | 1.03 |
| Cash Ratio | 1.07 | 1.07 | 0.15 | 0.14 | 0.15 | 0.27 | 0.16 | 0.14 | 0.16 | 0.16 | 0.22 |
| Asset Turnover | — | 0.83 | 0.79 | 0.79 | 0.87 | 1.06 | 0.85 | 1.05 | 1.20 | 1.58 | 1.59 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.4% | 0.3% | 0.2% | 0.2% | 0.3% | 0.1% | 0.1% | 0.1% | 0.2% | 0.2% | 0.2% |
| Payout Ratio | 14.8% | 14.8% | 9.1% | 20.6% | 28.3% | — | 8.1% | 3.8% | 4.0% | 7.9% | 5.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.0% | 1.4% | 2.4% | 1.1% | 4.8% | — | 2.6% | 4.4% | 4.5% | 2.2% | 4.8% |
| FCF Yield | 4.6% | 4.2% | 3.8% | 1.4% | — | 3.6% | 3.5% | 8.6% | 10.1% | 7.3% | 9.2% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 4.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.4% | 0.3% | 0.2% | 0.2% | 4.4% | 0.1% | 0.1% | 0.1% | 0.2% | 0.2% | 0.2% |
| Shares Outstanding | — | $37M | $50M | $46M | $44M | $43M | $40M | $40M | $40M | $39M | $39M |
Cyclical Transactional Revenue Exposure
Based on current market data, Colliers trades at a forward P/E of 12.82, which appears to discount the firm's historical earnings volatility and suggests that investors remain skeptical of the company's ability to sustain premium growth multiples compared to its larger, more diversified global real estate peers.
The significant spread between the TTM P/E of 45.02 and the forward P/E of 12.82 indicates that the market is pricing in a sharp recovery in earnings, which may be overly optimistic given the ongoing headwinds in the commercial office sector. Investors should monitor whether this valuation gap narrows through earnings growth or multiple compression, as the current P/S of 0.82 suggests the market is not yet assigning a premium to the firm's shift toward recurring investment management revenue.
According to reported financial statements, Colliers' ROIC has struggled to exceed 2.6% over the last ten quarters, indicating that the firm's aggressive acquisition-led growth strategy has yet to generate returns that meaningfully exceed the cost of capital required to fund its expansion into new service verticals.
The persistent low ROIC suggests that the integration of acquired entities is either dilutive to overall capital efficiency or that the firm is overpaying for assets in the engineering and design space. This trend warrants further investigation into whether the company can improve its return profile as these acquisitions mature or if the decentralized partnership model inherently limits the scalability of capital returns.
As reported in recent filings, Colliers' DSO has fluctuated between 44 and 81 days, highlighting a lack of consistency in cash collection cycles that complicates the firm's ability to manage liquidity effectively during periods of heightened transaction volume volatility in the commercial real estate market.
The variability in DSO suggests that the firm's working capital management is highly sensitive to the timing of large, non-recurring brokerage commissions. Investors should monitor whether the shift toward recurring revenue streams in the investment management segment eventually stabilizes these collection cycles and improves the overall cash conversion efficiency of the business.
Based on the provided data, Colliers' interest coverage ratio has declined to 1.83x in 2026Q1, a level that suggests the firm's ability to service its debt obligations is becoming increasingly constrained compared to the more comfortable coverage ratios observed in previous, more favorable market environments.
The D/EBITDA ratio, which spiked to 22.67 in the most recent quarter, indicates that the firm's leverage profile is currently under significant pressure, potentially limiting its capacity for further debt-funded acquisitions. This trend warrants close monitoring, as any further deterioration in interest coverage could force the company to prioritize debt reduction over its strategic growth initiatives.
The most commonly misapplied metric for Colliers is the traditional P/E ratio, which fails to account for the significant non-cash amortization charges and integration costs that artificially depress reported net income and obscure the firm's underlying cash-generating potential as an alternative asset manager.
Analysts should instead focus on adjusted EBITDA or free cash flow metrics to better evaluate the firm's performance, as the P/E ratio is heavily distorted by the accounting treatment of its aggressive M&A strategy. Relying on standard earnings multiples may lead to an incorrect assessment of the company's valuation, as it ignores the recurring fee-based revenue that is increasingly driving the firm's long-term value proposition.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying CIGI stock.
Colliers International Group Inc.'s current P/E ratio is 48.8x. The historical average is 31.9x. This places it at the 84th percentile of its historical range.
Colliers International Group Inc.'s current EV/EBITDA is 11.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 7.7x.
Colliers International Group Inc.'s return on equity (ROE) is 4.0%. The historical average is 6.1%.
Based on historical data, Colliers International Group Inc. is trading at a P/E of 48.8x. This is at the 84th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Colliers International Group Inc.'s current dividend yield is 0.41% with a payout ratio of 14.8%.
Colliers International Group Inc. has 30.8% gross margin and 7.2% operating margin.
Colliers International Group Inc.'s Debt/EBITDA ratio is 4.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.