# Cushman & Wakefield Ltd. (CWK) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Real Estate / Real Estate Management & Development. Price $13.66, market value $3.2 billion.

## Valuation
- **P/E (trailing): 47.1×** (5-yr avg 25.2×, 3-yr avg 33.0×). Cushman & Wakefield Ltd. trades at 47.1× trailing earnings, well above its own five-year average of 25.2×: investors are paying up relative to the company's past. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 7.9×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 0.3×**. Each dollar of revenue is priced at 0.3×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.6×**. The shares trade at 1.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 8.9×**. Enterprise value is 8.9× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 7.8%** (5-yr avg 5.4%). Free cash flow equals 7.8% of the market value, above its five-year average of 5.4%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 2.1%**. The inverse of the P/E: 2.1% of the price is earned each year.

## Profitability
- **Operating margin: 4.4%**. 4.4% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 0.9%**. 0.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 4.5%**. 4.5% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 9.6%**. Return on all capital, debt included, is 9.6%.
- **Return on assets: 0.9%**. Each dollar of assets produces 0.9% of profit.

## Growth
- **Revenue growth (1 yr): 8.9%** (3-yr 0.6%/yr, 5-yr 5.6%/yr). Revenue grew 8.9% over the last year, against 5.6% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -32.1%** (3-yr -23.8%/yr). Earnings per share fell 32.1%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 1.41**. Debt is 1.41 times equity, a leveraged balance sheet, which is normal for real estate.
- **Net debt / EBITDA: 3.4×**. It would take 3.4 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Altman Z-score: 2.23**. A Z-score of 2.23 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Cushman & Wakefield Ltd. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (11 analysts). 11 analysts cover Cushman & Wakefield Ltd.; the consensus is buy, with an average price target of $17.73 (+30% 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): -13.9%** (YTD -15.6%, 3-mo 2.2%). The shares are down 13.9% over twelve months including dividends.
- **From 52-week high: -21.5%** (18.1% above the low). Trading 21% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 47**. An RSI of 47 is neutral.
- **Beta (1 yr): 1.52** (volatility 44%). Beta of 1.52 against the S&P 500: the shares move much more than the market.

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

Not investment advice.