Cousins Properties Incorporated

NYSE:CUZ Stock Report

Market Cap: US$4.8b

Cousins Properties Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: CUZ ($30.81) is trading below our estimate of fair value ($37.07)

Significantly Below Fair Value: CUZ 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 CUZ?

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

The above table shows the Price to Earnings ratio for CUZ. This is calculated by dividing CUZ's market cap by their current earnings.
What is CUZ's PE Ratio?
PE Ratio95.3x
EarningsUS$51.11m
Market CapUS$4.85b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CUZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.7x
KRC Kilroy Realty
23.1x-6.0%US$4.6b
HIW Highwoods Properties
23.5x-32.2%US$3.4b
CDP COPT Defense Properties
24.5x4.0%US$3.4b
EQC Equity Commonwealth
51.6xn/aUS$2.2b
CUZ Cousins Properties
95.3x-26.8%US$4.8b

Price-To-Earnings vs Peers: CUZ is expensive based on its Price-To-Earnings Ratio (95.3x) compared to the peer average (30.7x).

Price to Earnings Ratio vs Industry

How does CUZ's PE Ratio compare vs other companies in the Global Office REITs Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CUZ 95.3xIndustry Avg. 20.2xNo. of Companies10PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CUZ is expensive based on its Price-To-Earnings Ratio (95.3x) compared to the Global Office REITs industry average (20.5x).

Price to Earnings Ratio vs Fair Ratio

What is CUZ'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.

CUZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio95.3x
Fair PE Ratio25.1x

Price-To-Earnings vs Fair Ratio: CUZ is expensive based on its Price-To-Earnings Ratio (95.3x) compared to the estimated Fair Price-To-Earnings Ratio (25.1x).

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 CUZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$30.81
US$30.82
+0.03%
16.7%US$35.00US$19.00n/a11
Nov ’25US$29.98
US$30.18
+0.7%
16.0%US$35.00US$19.00n/a11
Oct ’25US$29.30
US$28.64
-2.3%
14.4%US$33.00US$19.00n/a11
Sep ’25US$28.51
US$27.45
-3.7%
13.5%US$31.00US$19.00n/a11
Aug ’25US$27.19
US$26.73
-1.7%
12.8%US$31.00US$19.00n/a11
Jul ’25US$22.89
US$25.18
+10.0%
10.1%US$29.00US$19.00n/a11
Jun ’25US$23.13
US$25.18
+8.9%
10.1%US$29.00US$19.00n/a11
May ’25US$22.92
US$25.27
+10.3%
10.5%US$29.00US$19.00n/a11
Apr ’25US$23.15
US$25.27
+9.2%
10.5%US$29.00US$19.00n/a11
Mar ’25US$23.27
US$25.55
+9.8%
11.5%US$29.00US$19.00n/a11
Feb ’25US$22.86
US$25.55
+11.7%
11.5%US$29.00US$19.00n/a11
Jan ’25US$24.35
US$24.55
+0.8%
13.0%US$29.00US$19.00n/a11
Dec ’24US$21.98
US$23.91
+8.8%
14.2%US$29.00US$19.00n/a11
Nov ’24US$17.96
US$24.55
+36.7%
14.9%US$29.00US$19.00US$29.9811
Oct ’24US$20.37
US$26.10
+28.1%
11.6%US$29.00US$19.00US$29.3010
Sep ’24US$23.74
US$26.75
+12.7%
7.6%US$29.00US$22.00US$28.518
Aug ’24US$23.95
US$26.00
+8.6%
9.6%US$28.00US$21.00US$27.198
Jul ’24US$22.80
US$25.50
+11.8%
9.0%US$28.00US$22.00US$22.8910
Jun ’24US$19.44
US$25.70
+32.2%
9.2%US$29.00US$22.00US$23.1310
May ’24US$21.45
US$25.80
+20.3%
10.5%US$29.00US$21.00US$22.9210
Apr ’24US$21.38
US$26.33
+23.2%
8.8%US$29.00US$22.00US$23.159
Mar ’24US$24.73
US$29.11
+17.7%
12.4%US$36.00US$22.00US$23.279
Feb ’24US$27.18
US$28.89
+6.3%
12.5%US$36.00US$22.00US$22.869
Jan ’24US$25.29
US$29.89
+18.2%
8.3%US$36.00US$27.00US$24.359
Dec ’23US$26.00
US$30.75
+18.3%
15.7%US$43.00US$27.00US$21.988
Nov ’23US$23.81
US$32.63
+37.0%
15.5%US$43.00US$26.00US$17.968

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

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