CBIZ Valuation

Is CBZ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CBZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CBZ ($82.44) is trading below our estimate of fair value ($206.83)

Significantly Below Fair Value: CBZ is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for CBZ?

Key metric: As CBZ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CBZ. This is calculated by dividing CBZ's market cap by their current earnings.
What is CBZ's PE Ratio?
PE Ratio34.6x
EarningsUS$119.02m
Market CapUS$4.12b

Price to Earnings Ratio vs Peers

How does CBZ's PE Ratio compare to its peers?

The above table shows the PE ratio for CBZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.1x
EXPO Exponent
47.1x4.7%US$5.0b
ICFI ICF International
23.8x12.4%US$2.6b
FCN FTI Consulting
23.1x6.0%US$7.2b
AMTM Amentum Holdings
22.6x29.5%US$5.8b
CBZ CBIZ
34.6x33.9%US$4.1b

Price-To-Earnings vs Peers: CBZ is expensive based on its Price-To-Earnings Ratio (34.6x) compared to the peer average (29.1x).


Price to Earnings Ratio vs Industry

How does CBZ's PE Ratio compare vs other companies in the US Professional Services Industry?

10 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CNDT Conduent
1.4x-104.3%US$591.59m
CIH China Index Holdings
3.5xn/aUS$87.15m
ALJJ ALJ Regional Holdings
0.7xn/aUS$70.26m
STCN Steel Connect
3.1xn/aUS$64.23m
CBZ 34.6xIndustry Avg. 25.6xNo. of Companies12PE01632486480+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CBZ is expensive based on its Price-To-Earnings Ratio (34.6x) compared to the US Professional Services industry average (25.6x).


Price to Earnings Ratio vs Fair Ratio

What is CBZ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CBZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio34.6x
Fair PE Ratio35.4x

Price-To-Earnings vs Fair Ratio: CBZ is good value based on its Price-To-Earnings Ratio (34.6x) compared to the estimated Fair Price-To-Earnings Ratio (35.4x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CBZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$82.44
US$97.00
+17.7%
2.1%US$99.00US$95.00n/a2
Nov ’25US$69.70
US$84.50
+21.2%
5.3%US$89.00US$80.00n/a2
Oct ’25US$66.80
US$83.00
+24.3%
3.6%US$86.00US$80.00n/a2
Sep ’25US$73.60
US$83.00
+12.8%
3.6%US$86.00US$80.00n/a2
Jul ’25US$73.69
US$78.00
+5.8%
2.6%US$80.00US$76.00n/a2
Jun ’25US$75.82
US$78.00
+2.9%
2.6%US$80.00US$76.00n/a2
May ’25US$71.37
US$78.00
+9.3%
2.6%US$80.00US$76.00n/a2
Apr ’25US$77.86
US$72.00
-7.5%
2.8%US$74.00US$70.00n/a2
Mar ’25US$75.89
US$72.00
-5.1%
2.8%US$74.00US$70.00n/a2
Feb ’25US$64.69
US$60.00
-7.2%
5.0%US$63.00US$57.00n/a2
Jan ’25US$62.59
US$60.00
-4.1%
5.0%US$63.00US$57.00n/a2
Dec ’24US$58.43
US$60.00
+2.7%
5.0%US$63.00US$57.00n/a2
Nov ’24US$53.11
US$60.00
+13.0%
5.0%US$63.00US$57.00US$69.702
Oct ’24US$51.90
US$57.50
+10.8%
0.9%US$58.00US$57.00US$66.802
Sep ’24US$56.55
US$57.50
+1.7%
0.9%US$58.00US$57.00US$73.602
Aug ’24US$54.23
US$57.50
+6.0%
0.9%US$58.00US$57.00US$73.052
Jul ’24US$53.28
US$57.50
+7.9%
0.9%US$58.00US$57.00US$73.692
Jun ’24US$51.04
US$57.50
+12.7%
0.9%US$58.00US$57.00US$75.822
May ’24US$51.92
US$57.50
+10.7%
0.9%US$58.00US$57.00US$71.372
Apr ’24US$49.49
US$56.50
+14.2%
2.7%US$58.00US$55.00US$77.862
Mar ’24US$50.23
US$56.50
+12.5%
2.7%US$58.00US$55.00US$75.892
Feb ’24US$47.92
US$54.00
+12.7%
7.4%US$58.00US$50.00US$64.692
Jan ’24US$46.85
US$54.00
+15.3%
7.4%US$58.00US$50.00US$62.592
Dec ’23US$49.71
US$54.00
+8.6%
7.4%US$58.00US$50.00US$58.432
Nov ’23US$48.80
US$54.00
+10.7%
7.4%US$58.00US$50.00US$53.112

Analyst Forecast: Target price is less than 20% higher than the current share price.


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