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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. CBRE Group's annualized net income for the quarter that ended in Sep. 2024 was $900 Mil. CBRE Group's average Total Stockholders Equity over the quarter that ended in Sep. 2024 was $8,524 Mil. Therefore, CBRE Group's annualized ROE % for the quarter that ended in Sep. 2024 was 10.56%.
The historical rank and industry rank for CBRE Group's ROE % or its related term are showing as below:
During the past 13 years, CBRE Group's highest ROE % was 23.54%. The lowest was 11.30%. And the median was 21.01%.
The historical data trend for CBRE Group's ROE % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
CBRE Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROE % | Get a 7-Day Free Trial | 22.96 | 11.30 | 23.54 | 17.18 | 12.23 |
CBRE Group Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
ROE % | Get a 7-Day Free Trial | 9.68 | 23.92 | 6.10 | 6.26 | 10.56 |
For the Real Estate Services subindustry, CBRE Group's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Real Estate industry and Real Estate sector, CBRE Group's ROE % distribution charts can be found below:
* The bar in red indicates where CBRE Group's ROE % falls into.
CBRE Group's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as
ROE % | = | Net Income (A: Dec. 2023 ) | / | ( (Total Stockholders Equity (A: Dec. 2022 ) | + | Total Stockholders Equity (A: Dec. 2023 )) | / count ) |
= | 986 | / | ( (7853 | + | 8267) | / 2 ) | |
= | 986 | / | 8060 | ||||
= | 12.23 % |
CBRE Group's annualized ROE % for the quarter that ended in Sep. 2024 is calculated as
ROE % | = | Net Income (Q: Sep. 2024 ) | / | ( (Total Stockholders Equity (Q: Jun. 2024 ) | + | Total Stockholders Equity (Q: Sep. 2024 )) | / count ) |
= | 900 | / | ( (8356 | + | 8692) | / 2 ) | |
= | 900 | / | 8524 | ||||
= | 10.56 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Sep. 2024) net income data. ROE % is displayed in the 30-year financial page.
CBRE Group (NYSE:CBRE) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
ROE % | (Q: Sep. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 900 | / | 8524 | ||
= | (Net Income / Revenue ) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (900 / 36144) | * | (36144 / 24153.5) | * | (24153.5 / 8524) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 2.49 % | * | 1.4964 | * | 2.8336 |
= | ROA % | * | Equity Multiplier | ||
= | 3.73 % | * | 2.8336 | ||
= | 10.56 % |
With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.
The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:
ROE % | (Q: Sep. 2024 ) | ||||||||
= | Net Income | / | Total Stockholders Equity | ||||||
= | 900 | / | 8524 | ||||||
= | (Net Income / Pre-Tax Income) | * | (Pre-Tax Income / Operating Income) | * | (Operating Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (900 / 1248) | * | (1248 / 1476) | * | (1476 / 36144) | * | (36144 / 24153.5) | * | (24153.5 / 8524) |
= | Tax Burden | * | Interest Burden | * | Operating Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 0.7212 | * | 0.8455 | * | 4.08 % | * | 1.4964 | * | 2.8336 |
= | 10.56 % |
Note: The net income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 2024) revenue data. The same rule applies to Pre-Tax Income and Operating Income. * In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Thank you for viewing the detailed overview of CBRE Group's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Daniel G Queenan | officer: CEO, Real Estate Investments | C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201 |
Oscar Munoz | director | |
Christopher T Jenny | director | MAC-GRAY CORPORATION, 22 WATER STREET, CAMBRIDGE MA 02141 |
Vikramaditya Kohli | officer: See Remarks | 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201 |
Emma E. Giamartino | officer: See Remarks | 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201 |
Lindsey S Caplan | officer: Chief Accounting Officer | 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201 |
John E Durburg | officer: Chief Operating Officer | C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201 |
Chandra Dhandapani | officer: Chief Digital & Tech. Officer | C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201 |
Brandon Boze | director | ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129 |
Hutcheson Edward Mcvicar Blake | director | 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201 |
J. Christopher Kirk | officer: EVP, Chief Admin. Officer | C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201 |
Susan Meaney | director | 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019 |
Robert E Sulentic | director, officer: Group President | C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201 |
Michael J Lafitte | officer: President, Americas | C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201 |
Laurence H Midler | officer: EVP & Secretary | C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201 |
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