Cushman & Wakefield plc

NYSE:CWK Stock Report

Market Cap: US$3.3b

Cushman & Wakefield Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 CWK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CWK ($14.44) is trading below our estimate of fair value ($17.53)

Significantly Below Fair Value: CWK is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CWK. This is calculated by dividing CWK's market cap by their current earnings.
What is CWK's PE Ratio?
PE Ratio37.6x
EarningsUS$88.20m
Market CapUS$3.31b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CWK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average75.8x
NMRK Newmark Group
49.9x31.6%US$3.7b
JLL Jones Lang LaSalle
26.1x17.7%US$12.5b
BEKE KE Holdings
40.5x20.3%US$23.3b
CSGP CoStar Group
186.5x42.5%US$32.7b
CWK Cushman & Wakefield
37.6x24.8%US$3.3b

Price-To-Earnings vs Peers: CWK is good value based on its Price-To-Earnings Ratio (37.6x) compared to the peer average (75.8x).

Price to Earnings Ratio vs Industry

How does CWK's PE Ratio compare vs other companies in the US Real Estate Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
STHO Star Holdings
1.8xn/aUS$149.31m
STSR Strategic Student & Senior Housing Trust
2.5xn/aUS$41.23m
XIN Xinyuan Real Estate
0.4xn/aUS$18.08m
ILAL International Land Alliance
0.8xn/aUS$7.74m
CWK 37.6xIndustry Avg. 32.7xNo. of Companies6PE020406080100+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CWK is expensive based on its Price-To-Earnings Ratio (37.6x) compared to the US Real Estate industry average (32.7x).

Price to Earnings Ratio vs Fair Ratio

What is CWK'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.

CWK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio37.6x
Fair PE Ratio28.1x

Price-To-Earnings vs Fair Ratio: CWK is expensive based on its Price-To-Earnings Ratio (37.6x) compared to the estimated Fair Price-To-Earnings Ratio (28.1x).

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 CWK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$14.44
US$14.50
+0.4%
11.2%US$17.00US$11.50n/a7
Nov ’25US$13.03
US$14.50
+11.3%
11.2%US$17.00US$11.50n/a7
Oct ’25US$13.41
US$14.43
+7.6%
12.2%US$17.00US$11.00n/a7
Sep ’25US$13.00
US$14.00
+7.7%
15.3%US$17.00US$11.00n/a7
Aug ’25US$12.70
US$13.57
+6.9%
16.2%US$17.00US$11.00n/a7
Jul ’25US$10.08
US$12.86
+27.6%
15.2%US$17.00US$11.00n/a7
Jun ’25US$11.11
US$12.71
+14.4%
16.1%US$17.00US$11.00n/a7
May ’25US$9.61
US$12.43
+29.3%
18.0%US$17.00US$10.50n/a7
Apr ’25US$10.24
US$12.14
+18.6%
20.7%US$17.00US$9.00n/a7
Mar ’25US$9.94
US$12.00
+20.7%
21.7%US$17.00US$9.00n/a7
Feb ’25US$10.58
US$11.86
+12.1%
21.7%US$17.00US$9.00n/a7
Jan ’25US$10.80
US$11.14
+3.2%
23.6%US$17.00US$8.50n/a7
Dec ’24US$8.58
US$11.00
+28.2%
25.6%US$17.00US$8.50n/a6
Nov ’24US$7.50
US$11.67
+55.6%
20.7%US$17.00US$10.00US$13.036
Oct ’24US$7.62
US$13.50
+77.2%
26.5%US$19.00US$10.50US$13.416
Sep ’24US$9.32
US$13.00
+39.5%
27.2%US$19.00US$10.00US$13.007
Aug ’24US$10.24
US$12.71
+24.2%
29.9%US$19.00US$8.50US$12.707
Jul ’24US$8.18
US$13.86
+69.4%
37.4%US$21.00US$8.50US$10.087
Jun ’24US$8.03
US$13.56
+68.9%
38.2%US$21.00US$8.50US$11.118
May ’24US$9.80
US$15.38
+56.9%
28.3%US$23.00US$10.00US$9.618
Apr ’24US$10.54
US$17.06
+61.9%
20.1%US$23.00US$11.00US$10.248
Mar ’24US$12.68
US$17.59
+38.8%
16.6%US$23.00US$14.25US$9.948
Feb ’24US$14.19
US$18.81
+32.5%
22.5%US$28.00US$14.25US$10.589
Jan ’24US$12.46
US$18.56
+48.9%
26.8%US$28.00US$12.00US$10.809
Dec ’23US$11.85
US$18.44
+55.6%
27.5%US$28.00US$12.00US$8.589
Nov ’23US$11.71
US$21.33
+82.2%
23.4%US$30.00US$15.00US$7.509

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

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