Here's Why CoStar Group (NASDAQ:CSGP) Can Manage Its Debt Responsibly
Jun 02
U.S. Real Estate Industry Analysis
UpdatedJun 03, 2024
DataAggregated Company Financials
Companies119
- 7D1.2%
- 3M1.7%
- 1Y7.3%
- YTD-3.9%
Over the last 7 days, the Real Estate industry has risen 1.2%, driven by gains from Latam Logistic Properties of 822%. Meanwhile, CoStar Group actually underperformed within the industry, shrinking 9.0% in the last week. This takes the industry's 12 month performance to a gain of 7.3%. Looking forward, earnings are forecast to grow by 33% annually.
Industry Valuation and Performance
Has the U.S. Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 03 Jun 2024 | US$138.6b | US$110.6b | US$323.3m | 27.1x | 428.7x | 1.3x |
| Wed, 01 May 2024 | US$134.2b | US$113.3b | US$314.8m | 27.3x | 426.4x | 1.2x |
| Fri, 29 Mar 2024 | US$142.4b | US$113.5b | US$405.0m | 30.9x | 351.7x | 1.3x |
| Sun, 25 Feb 2024 | US$133.9b | US$114.1b | US$102.4m | 19.9x | 1307.3x | 1.2x |
| Tue, 23 Jan 2024 | US$133.4b | US$115.3b | -US$622,433,369.00 | 22.8x | -214.4x | 1.2x |
| Thu, 21 Dec 2023 | US$140.5b | US$115.2b | -US$728,992,370.00 | 24.7x | -192.7x | 1.2x |
| Sat, 18 Nov 2023 | US$123.3b | US$115.1b | -US$809,955,201.00 | 24.7x | -152.2x | 1.1x |
| Mon, 16 Oct 2023 | US$118.8b | US$119.3b | -US$365,169,355.00 | 28x | -325.3x | 1x |
| Wed, 13 Sep 2023 | US$134.1b | US$118.0b | -US$159,069,301.00 | 30.3x | -843.3x | 1.1x |
| Fri, 11 Aug 2023 | US$135.3b | US$116.9b | -US$504,057,934.00 | 34x | -268.5x | 1.2x |
| Sun, 09 Jul 2023 | US$128.4b | US$122.2b | -US$129,760,876.00 | 25.3x | -989.2x | 1.1x |
| Tue, 06 Jun 2023 | US$91.1b | US$120.8b | -US$522,468,880.00 | 22.2x | -174.4x | 0.8x |
| Thu, 04 May 2023 | US$85.1b | US$125.1b | -US$467,776,397.00 | 14x | -181.9x | 0.7x |
| Sat, 01 Apr 2023 | US$91.6b | US$125.4b | -US$419,579,030.00 | 12.9x | -218.4x | 0.7x |
| Mon, 27 Feb 2023 | US$95.7b | US$118.4b | -US$337,682,482.00 | 13.8x | -283.3x | 0.8x |
| Wed, 25 Jan 2023 | US$99.1b | US$127.6b | US$1.0b | 11.4x | 94.9x | 0.8x |
| Fri, 23 Dec 2022 | US$84.7b | US$127.6b | US$1.2b | 9x | 70.1x | 0.7x |
| Sun, 20 Nov 2022 | US$86.9b | US$127.7b | US$808.8m | 8.6x | 107.4x | 0.7x |
| Tue, 18 Oct 2022 | US$78.1b | US$129.7b | US$1.5b | 7.8x | 53.3x | 0.6x |
| Thu, 15 Sep 2022 | US$98.3b | US$130.1b | US$1.4b | 8.3x | 71.4x | 0.8x |
| Sat, 13 Aug 2022 | US$108.5b | US$131.9b | US$1.9b | 10.6x | 57.2x | 0.8x |
| Mon, 11 Jul 2022 | US$100.5b | US$125.8b | US$2.7b | 10.1x | 36.9x | 0.8x |
| Wed, 08 Jun 2022 | US$108.2b | US$125.8b | US$2.7b | 9.8x | 39.6x | 0.9x |
| Fri, 06 May 2022 | US$102.6b | US$111.8b | US$2.2b | 14.1x | 47.1x | 0.9x |
| Sun, 03 Apr 2022 | US$121.0b | US$113.5b | US$2.9b | 14.8x | 41.3x | 1.1x |
| Tue, 01 Mar 2022 | US$135.2b | US$112.6b | US$2.9b | 14.7x | 46.4x | 1.2x |
| Thu, 27 Jan 2022 | US$130.3b | US$100.8b | US$2.8b | 15.4x | 45.8x | 1.3x |
| Sat, 25 Dec 2021 | US$149.8b | US$99.4b | US$2.8b | 17.3x | 54.4x | 1.5x |
| Mon, 22 Nov 2021 | US$154.3b | US$98.7b | US$2.9b | 17.8x | 52.7x | 1.6x |
| Wed, 20 Oct 2021 | US$142.3b | US$86.9b | US$2.9b | 24.5x | 48.4x | 1.6x |
| Fri, 17 Sep 2021 | US$131.4b | US$86.7b | US$2.9b | 26.5x | 44.8x | 1.5x |
| Sun, 15 Aug 2021 | US$129.6b | US$85.8b | US$2.8b | 20.3x | 45.7x | 1.5x |
| Thu, 10 Jun 2021 | US$158.9b | US$77.8b | US$1.5b | 24.5x | 106.5x | 2x |
Price to Earnings Ratio
106.5x
Current Industry PE
- Investors are optimistic on the American Real Estate industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 429x which is higher than its 3-year average PE of -36.8x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Real Estate industry have declined 40% per year over the last three years.
- Meanwhile revenues for these companies have grown 12% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the U.S. Real Estate industry?
| US Market | -0.62% | |
| Real Estate | 1.93% | |
| Real Estate | 1.20% | |
| Real Estate Operating Companies | 33.71% | |
| Real Estate Development | 0.85% | |
| Diversified Real Estate | 0.61% | |
| Real Estate Services | -2.10% | |
Industry PE
- Investors are most optimistic about the Real Estate Operating Companies industry which is trading above its 3-year average PE ratio of 47.2x.
- Analysts are expecting annual earnings decline of 5.0%, which is lower than the prior year's growth of 12.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 78% over the next 5 years.
- This is better than its past earnings growth rate of 46% per year.
- In contrast, the Diversified Real Estate industry is expected to see its earnings decline by 13% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LPA Latam Logistic Properties | US$130.00 | 822.0% +US$3.7b | 1,182.0% | n/a | |
| BEKE KE Holdings | US$16.97 | 1.9% +US$373.8m | 6.5% | PE41.9x | |
| ZG Zillow Group | US$40.15 | 2.6% +US$238.5m | -10.4% | PS4.7x | |
| CBRE CBRE Group | US$88.07 | 0.7% +US$171.9m | 15.8% | PE26.7x | |
| JLL Jones Lang LaSalle | US$202.07 | 1.5% +US$146.0m | 40.3% | PE32x |
