Has the U.S. Real Estate Services Industry valuation changed over the past few years?

Investors are more pessimistic on the industry, indicating that they anticipate long-term growth rates will be lower than they have historically. The industry is trading at a PE ratio of 9.6x which is lower than its 3-year average PE of 19.1x.

How does U.S. Real Estate Services compare with similar industries?

There is insufficient data on the sub-industries of this industry.

U.S. Real Estate Services Industry Analysis

Date	Market Cap	Revenue	Earnings	PE
Fri, 27 May 2022	US$79.9b	US$118.0b	US$2.9b	9.6x
Sun, 24 Apr 2022	US$87.7b	US$105.8b	US$2.6b	10.9x
Tue, 22 Mar 2022	US$97.7b	US$106.0b	US$2.5b	11.9x
Thu, 17 Feb 2022	US$121.2b	US$97.8b	US$2.3b	16.1x
Sat, 15 Jan 2022	US$121.3b	US$94.3b	US$2.5b	16.3x
Mon, 13 Dec 2021	US$128.8b	US$93.0b	US$2.4b	17.3x
Wed, 10 Nov 2021	US$134.8b	US$90.3b	US$2.8b	21.4x
Fri, 08 Oct 2021	US$112.8b	US$81.2b	US$2.5b	24.8x
Sun, 05 Sep 2021	US$114.7b	US$80.2b	US$2.4b	20.9x
Tue, 03 Aug 2021	US$106.3b	US$80.2b	US$2.4b	20.4x
Fri, 07 May 2021	US$141.1b	US$72.5b	US$1.2b	32.1x
Mon, 08 Feb 2021	US$134.9b	US$65.9b	US$525.5m	32.8x
Sun, 01 Nov 2020	US$114.9b	US$62.0b	US$486.9m	15.4x
Wed, 05 Aug 2020	US$30.8b	US$53.2b	US$863.5m	16.3x
Sat, 09 May 2020	US$27.8b	US$55.0b	US$1.3b	10.9x
Fri, 31 Jan 2020	US$41.5b	US$53.7b	US$1.7b	19.1x
Mon, 04 Nov 2019	US$36.6b	US$52.2b	US$1.4b	16.9x
Thu, 08 Aug 2019	US$36.2b	US$51.1b	US$1.7b	15.4x


US Market	1.04%
Real Estate	2.61%
Real Estate	-2.78%
Real Estate Services	-3.14%
Real Estate Operating Companies	0.90%
Diversified Real Estate	0.20%
Real Estate Development	-3.55%

Company	Last Price	7D	1Y	Valuation
CBRE CBRE Group	US$81.93	2.5% +US$646.4m	-6.5%	PB3.1x
JLL Jones Lang LaSalle	US$195.33	3.5% +US$324.9m	-3.0%	PB1.6x
RLGY Realogy Holdings	US$12.36	6.8% +US$93.3m	-29.3%	PB0.7x
CWK Cushman & Wakefield	US$18.45	2.0% +US$83.4m	-2.8%	PB2.7x
MMI Marcus & Millichap	US$41.40	3.0% +US$46.7m	6.0%	PB2.4x

May 21

CBRE Group, Inc. Announces Management Changes

CBRE Group, Inc. announced Danny Queenan has assumed the responsibilities of Chief Executive Officer, Real Estate Investments (REI). One of CBRE’s key strategic objectives is to increase capital investment in its REI businesses and Mr. Queenan has a proven record of value creation as a developer/investor. He led the REI segment in 2018 and 2019 before becoming Chief Executive Officer of Advisory Services in January 2020. Earlier in his career, he was Chief Executive Officer of Trammell Crow Company (TCC), CBRE’s development subsidiary, Mike Lafitte, who currently has dual roles as Chief Executive Officer of both REI and TCC, will now focus on his TCC Chief Executive Officer responsibilities to further build this business. Under Mr. Lafitte’s leadership TCC has grown significantly in the U.S. and established a growing presence in the U.K. and continental Europe. Mr. Lafitte has also assumed oversight of CBRE’s Client Care program, focused on driving measurable, integrated solutions for the company’s large investor and occupier clients, an area where he has excelled over his career, Jack Durburghas assumed the responsibilities of Chief Executive Officer, Advisory Services. Mr. Durburg has served as Chief Executive Officer, GWS, since January 2020. His new role takes advantage of Mr. Durburg’s broad background in the company’s Advisory Services business. As Global Chief Operating Officer in 2018 and 2019, Mr. Durburg oversaw all global business lines that comprise the company’s Advisory Services business segment. Earlier in his career, he served as Chief Executive Officer of the Americas, with responsibility for all business lines, and Global President for Brokerage Services, overseeing the company’s leasing and capital markets brokerage activities. His prior leadership of these businesses led to significant market share gains for CBRE coming out of the last downturn, Chandra Dhandapani has assumed the responsibilities of Chief Executive Officer, Global Workplace Solutions (GWS). Ms. Dhandapani most recently served as Chief Operating Officer of GWS and Chief Transformation Officer for CBRE. She has added significant value in overseeing the GWS Enterprise business and is well placed to lead the entire integrated business. She joined CBRE as Chief Digital & Technology Officer in 2016 and led a broad-based transformation of the company’s digital strategy and technology infrastructure. These prior roles equip her with operational expertise and organizational knowledge to lead the GWS business forward and Chris Kirk, Chief Operating Officer of CBRE, has been given elevated responsibilities in this role. Mr. Kirk now shares responsibility with Mr. Sulentic for driving excellence across the entire company and has dotted-line operational oversight of the three business segments. In addition, Mr. Kirk has assumed direct oversight of Project Management, which remains part of the GWS segment, and will be accountable to Ms. Dhandapani for this responsibility.

U.S. Real Estate Services Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

JLL

Jones Lang LaSalle Names Larry Quinlan to Its Board of Directors

MMI

Insider recently sold US$95k worth of stock

ASPS

Investor sentiment improved over the past week

RLGY

Here's Why I Think Realogy Holdings (NYSE:RLGY) Is An Interesting Stock

OPEN

Opendoor Is At An Inflection Point

CBRE

CBRE Group, Inc. Announces Management Changes

RDFN

President notifies of intention to sell stock

COMP

Consensus EPS estimates fall by 20%

BEKE

KE Holdings Inc. to Report Q1, 2022 Results on May 31, 2022

CWK

Cushman & Wakefield plc (NYSE:CWK) acquired Cresa Partners Of Los Angeles, Inc.

RMAX

RE/MAX Holdings, Inc. Appoints Adam Grosshans as Chief Accounting Officer and Principal Accounting Officer

DOUG

Douglas Elliman Inc., Annual General Meeting, Jun 29, 2022

OPAD

Consensus EPS estimates have been upgraded.

EXPI

Consensus forecasts updated

ZG

Price target decreased to US$63.17

NMRK

Upcoming dividend of US$0.03 per share