Latest Ratios: P/E Ratio 1799.4x · EV/EBITDA 71.0x · ROE 0.1%. (1997–2025 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 | $12.7B | $28.3B | $29.2B | $35.6B | $30.7B | $31.2B | $35.4B | $21.9B | $12.3B | $10.0B | $6.1B |
| Enterprise Value | $12.1B | $27.7B | $25.6B | $31.5B | $26.9B | $28.4B | $32.9B | $21.0B | $11.2B | $8.8B | $5.9B |
| P/E Ratio → | 1799.40 | 4050.60 | 210.56 | 94.99 | 83.10 | 106.80 | 156.66 | 69.57 | 51.89 | 80.27 | 72.50 |
| P/S Ratio | 3.90 | 8.71 | 10.67 | 14.48 | 14.08 | 16.02 | 21.35 | 15.66 | 10.32 | 10.33 | 7.30 |
| P/B Ratio | 1.51 | 3.39 | 3.87 | 4.85 | 4.47 | 5.45 | 6.59 | 6.44 | 4.07 | 3.76 | 3.70 |
| P/FCF | 308.77 | 689.95 | — | 76.60 | 73.18 | 77.01 | 80.92 | 53.25 | 40.20 | 47.42 | 33.62 |
| P/OCF | 29.44 | 65.79 | 74.36 | 72.64 | 64.22 | 66.32 | 72.87 | 47.87 | 36.65 | 42.47 | 30.47 |
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 | — | 8.53 | 9.34 | 12.81 | 12.31 | 14.63 | 19.80 | 15.00 | 9.40 | 9.07 | 7.03 |
| EV / EBITDA | 71.00 | 162.93 | 168.57 | 80.69 | 45.64 | 49.74 | 80.90 | 47.21 | 31.87 | 36.87 | 27.36 |
| EV / EBIT | — | 923.30 | 5437.40 | 111.42 | 59.59 | 65.80 | 113.61 | 57.75 | 40.93 | 50.30 | 40.12 |
| EV / FCF | — | 675.58 | — | 67.76 | 63.98 | 70.32 | 75.05 | 51.01 | 36.61 | 41.65 | 32.36 |
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 | 75.2% | 75.2% | 79.6% | 80.0% | 81.0% | 81.6% | 81.4% | 79.3% | 77.4% | 77.2% | 79.2% |
| Operating Margin | -2.2% | -2.2% | 0.2% | 11.5% | 20.7% | 22.2% | 17.4% | 26.0% | 23.0% | 18.0% | 17.3% |
| Net Profit Margin | 0.2% | 0.2% | 5.1% | 15.3% | 16.9% | 15.1% | 13.7% | 22.5% | 20.0% | 12.7% | 10.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.1% | 0.1% | 1.9% | 5.3% | 5.9% | 5.3% | 5.2% | 9.8% | 8.4% | 5.7% | 5.3% |
| ROA | 0.1% | 0.1% | 1.5% | 4.3% | 4.7% | 4.1% | 4.2% | 8.8% | 7.7% | 4.9% | 4.0% |
| ROIC | -0.9% | -0.9% | 0.1% | 6.8% | 11.3% | 11.2% | 8.2% | 12.4% | 12.2% | 9.1% | 7.5% |
| ROCE | -0.8% | -0.8% | 0.1% | 3.4% | 6.0% | 6.4% | 5.7% | 10.7% | 9.3% | 7.3% | 7.3% |
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 | 0.14 | 0.14 | 0.14 | 0.15 | 0.16 | 0.19 | 0.21 | 0.04 | 0.00 | — | 0.20 |
| Debt / EBITDA | 6.73 | 6.73 | 6.88 | 2.85 | 1.88 | 1.95 | 2.77 | 0.34 | 0.01 | — | 1.57 |
| Net Debt / Equity | — | -0.07 | -0.48 | -0.56 | -0.56 | -0.47 | -0.48 | -0.27 | -0.36 | -0.46 | -0.14 |
| Net Debt / EBITDA | -3.46 | -3.46 | -24.00 | -10.53 | -6.56 | -4.73 | -6.33 | -2.07 | -3.12 | -5.10 | -1.06 |
| Debt / FCF | — | -14.37 | — | -8.84 | -9.20 | -6.69 | -5.87 | -2.24 | -3.59 | -5.76 | -1.26 |
| Interest Coverage | 1.58 | 1.58 | 0.17 | 8.99 | — | 13.67 | 16.63 | 139.02 | 96.67 | 19.31 | 14.64 |
Net cash position: cash ($1.7B) exceeds total debt ($1.1B)
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 | 2.84 | 2.84 | 8.96 | 12.01 | 13.92 | 11.78 | 11.75 | 5.79 | 7.87 | 8.78 | 4.05 |
| Quick Ratio | 2.84 | 2.84 | 8.96 | 12.01 | 13.92 | 11.74 | 11.71 | 5.79 | 7.87 | 8.78 | 4.05 |
| Cash Ratio | 2.32 | 2.32 | 8.48 | 11.44 | 13.33 | 11.30 | 11.16 | 5.17 | 7.14 | 8.26 | 3.66 |
| Asset Turnover | — | 0.31 | 0.30 | 0.28 | 0.26 | 0.27 | 0.24 | 0.36 | 0.36 | 0.34 | 0.38 |
| Inventory Turnover | — | — | — | — | — | 26.71 | 20.45 | — | — | — | — |
| 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 | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.1% | 0.0% | 0.5% | 1.1% | 1.2% | 0.9% | 0.6% | 1.4% | 1.9% | 1.2% | 1.4% |
| FCF Yield | 0.3% | 0.1% | — | 1.3% | 1.4% | 1.3% | 1.2% | 1.9% | 2.5% | 2.1% | 3.0% |
| Buyback Yield | 4.5% | 2.0% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.2% | 0.1% | 0.3% |
| Total Shareholder Yield | 4.5% | 2.0% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.2% | 0.1% | 0.3% |
| Shares Outstanding | — | $421M | $408M | $407M | $398M | $394M | $383M | $366M | $364M | $336M | $324M |
Residential market expansion execution
Based on current market data, CoStar's forward P/E of 22.21 and EV/EBITDA of 15.08 suggest that investors are pricing in a successful transition to a dominant residential marketplace player, despite the company's TTM P/E of 1822.29 reflecting significant near-term earnings compression from aggressive marketing investments.
The extreme divergence between trailing and forward multiples indicates that the market is looking past current margin dilution to a future state of normalized profitability. This valuation premium relative to traditional data providers suggests that the market views the residential expansion as a high-growth optionality play rather than a standard service expansion.
As reported in financial statements, ROIC has fluctuated significantly, dropping to 0.0% in 2026Q1 from a 1.6% peak in 2023Q4, which highlights the heavy capital burden of the Homes.com rollout and the resulting temporary erosion of returns on invested capital compared to historical performance.
The decline in ROIC suggests that the company is currently in a phase of intensive capital deployment where the returns on new investments have yet to materialize in the income statement. Investors should monitor whether this trend reverses as the residential platform gains scale and marketing intensity potentially moderates.
According to recent quarterly filings, the asset turnover ratio has remained consistently low at approximately 0.07 to 0.09, indicating that the company's revenue generation is increasingly decoupled from its physical asset base as it shifts toward a more marketing-heavy, digital-first business model in the residential sector.
The stability in DSO around 25 days suggests that the company maintains strong control over its receivables despite the rapid scaling of its marketplace segments. However, the lack of significant improvement in asset turnover implies that the current growth strategy is highly dependent on continuous reinvestment rather than operational leverage.
Based on the provided figures, CoStar maintains a disciplined debt-to-equity ratio of 0.13 as of 2026Q1, demonstrating that the company has successfully funded its aggressive residential market entry through internal cash generation and equity rather than relying on significant external debt financing during this period.
The low leverage profile provides the company with substantial strategic flexibility to continue its 'buy-and-build' acquisition strategy without immediate refinancing risk. This conservative balance sheet structure appears to be a deliberate choice to maintain independence while navigating the high-cost residential expansion phase.
The P/E ratio is frequently misapplied to CoStar's business model, as it obscures the true earning power of the core commercial data segment by including the heavy, discretionary marketing expenses currently being funneled into the residential expansion to capture market share from established incumbents.
Analysts should instead focus on adjusted EBITDA or segment-level contribution margins to isolate the profitability of the core business from the growth-oriented residential investments. Relying on headline P/E ratios may lead to an inaccurate assessment of the company's underlying cash-generating capability and long-term margin potential.
Includes 30+ ratios · 29 years · Updated daily
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Quick answers to the most common questions about buying CSGP stock.
CoStar Group, Inc.'s current P/E ratio is 1799.4x. The historical average is 87.6x. This places it at the 100th percentile of its historical range.
CoStar Group, Inc.'s current EV/EBITDA is 71.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 41.9x.
CoStar Group, Inc.'s return on equity (ROE) is 0.1%. The historical average is -3.8%.
Based on historical data, CoStar Group, Inc. is trading at a P/E of 1799.4x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
CoStar Group, Inc. has 75.2% gross margin and -2.2% operating margin.
CoStar Group, Inc.'s Debt/EBITDA ratio is 6.7x, indicating high leverage. A ratio above 4x may signal elevated financial risk.