# Colliers International Group Inc. Subordinate Voting Shares (CIGI) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Real Estate / Real Estate Management & Development. Price $99.02, market value $5.1 billion.

## Valuation
- **P/E (trailing): 46.9×** (5-yr avg 55.7×, 3-yr avg 67.4×). Colliers International Group Inc. Subordinate Voting Shares trades at 46.9× trailing earnings, close to its own five-year average of 55.7×. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 11.6×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 0.8×**. Each dollar of revenue is priced at 0.8×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 3.3×**. The shares trade at 3.3× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 10.6×**. Enterprise value is 10.6× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 4.2%** (5-yr avg 2.4%). Free cash flow equals 4.2% of the market value, above its five-year average of 2.4%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 2.1%**. The inverse of the P/E: 2.1% of the price is earned each year.

## Profitability
- **Gross margin: 35.5%**. Colliers International Group Inc. Subordinate Voting Shares keeps 35.5% of revenue after the direct cost of what it sells.
- **Operating margin: 7.1%**. 7.1% of revenue is left after running the business.
- **Net margin: 1.9%**. 1.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 6.8%**. 6.8% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 8.7%**. Return on all capital, debt included, is 8.7%.
- **Return on assets: 1.6%**. Each dollar of assets produces 1.6% of profit.

## Growth
- **Revenue growth (1 yr): 17.3%** (3-yr 8.2%/yr, 5-yr 15.2%/yr). Revenue grew 17.3% over the last year, against 15.2% a year compounded over five years.
- **EPS growth (1 yr): -36.3%** (3-yr -22.7%/yr, 5-yr -2.7%/yr). Earnings per share fell 36.3%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 1.49**. Debt is 1.49 times equity, a leveraged balance sheet, which is normal for real estate.
- **Net debt / EBITDA: 3.0×**. It would take 3.0 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 4.6×**. Operating profit covers interest 4.6× over, a safe margin.
- **Current ratio: 5.75** (quick 5.75). Current assets cover the next year's liabilities 5.75 times.
- **Altman Z-score: 2.32**. A Z-score of 2.32 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.30%** ($0.30 per share, trailing). Colliers International Group Inc. Subordinate Voting Shares yields 0.30%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 15%**. 15% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 10**. 10 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 24.6%/yr** (1-yr 0.0%). The dividend has compounded at 24.6% a year over five years, doubling roughly every 3 years at that pace.

## Analyst view
- **Analyst consensus: buy** (9 analysts). 9 analysts cover Colliers International Group Inc. Subordinate Voting Shares; the consensus is buy, with an average price target of $139.22 (+41% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -40.0%** (YTD -32.5%, 3-mo 2.1%). The shares are down 40.0% over twelve months including dividends.
- **From 52-week high: -42.3%** (12.0% above the low). Trading 42% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 44**. An RSI of 44 is neutral.
- **Beta (1 yr): 0.93** (volatility 36%). Beta of 0.93 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CIGI · Page: https://foliofundamentals.com/stocks/cigi

Not investment advice.