Colliers International Group Inc Bats logo

Colliers International Group Inc Bats(CIGI)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$90.42
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for CIGI

09/25/2026: CIGI (1-star) is currently NOT-A-BUY. Pass it for now.

Colliers International Group Inc is a global professional services firm that provides essential commercial real estate brokerage, advisory, and asset management services. The company is known for its decentralized, partnership-based culture and significant insider alignment, which has historically driven long-term growth through disciplined acquisitions. Its primary growth opportunity lies in scaling its high-margin Investment Management segment to reduce reliance on cyclical transaction fees. Key risks include exposure to office market volatility and the impact of interest rates on capital markets. Colliers may suit growth-oriented investors who value a long-term compounder, though prospective investors should monitor the integration of its acquisition strategy and global transaction market trends.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitThe company has a track record of compounding earnings through strategic acquisitions and service expansion.
Momentum investorMixed fitPerformance is highly dependent on market cycles and requires a positive upturn in real estate transaction activity.
Value investorStrong fit while signal remains positiveShares often trade at reasonable multiples during real estate down-cycles, offering potential long-term value.
Dividend investorWeak fitThe dividend yield is relatively low as the company prioritizes capital for reinvestment.
Low-risk investorWeak fitThe stock exhibits high sensitivity to cyclical real estate market swings.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highThe stock price is highly sensitive to macroeconomic shifts and interest rate expectations.
Valuation riskMediumMarket sentiment regarding commercial real estate can lead to significant valuation fluctuations.
Competition risk (traditional brokerage)HighLarge incumbents like CBRE possess scale advantages that can intensify pricing pressure.
Business qualityStrongThe company has a resilient, service-based model with strong management ownership.
Dividend incomeLowDividends are a minor component of the total return proposition.
Execution riskMediumSuccess relies on the ability to integrate acquisitions effectively and retain key personnel.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 17.77%
Avg. Invested days 43
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 2.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
CIGI receives a 3-star rating, supported by solid company fundamentals, and solid analyst coverage. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

★★★★★
CIGI has solid overall fundamentals (4 stars), with moderate financial health, moderate growth momentum, and strong ownership. In FY2025 versus FY2024, solid revenue growth (+17.3%) is partially offset by negative earnings growth (-35.1%), soft cash generation (FCF margin 4.1%), soft profitability (net margin 1.9%).

Financial Health Rating

★★★★★
CIGI's financial health is supported by solid cash strength, including free-cash-flow generation (4.1% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Revenue growth is CIGI's strongest growth driver at +17.3% FY2025 versus FY2024 (solid, 4 stars). By comparison, while earnings growth (-35.1%, negative) and free-cash-flow growth (-11.0%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 84.0% and approximately 82.0% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 11.06% supports management-shareholder alignment.

Top 5 Institutional Investors

Royal Bank of Canada 7.77%
1832 Asset Management L.P 6.31%
SPRUCE HOUSE INVESTMENT MANAGEMENT LLC 5.37%
Beutel, Goodman & Company Ltd. 3.98%
Fidelity International Ltd 3.23%

Unit Economics (Per $1K Revenue)

★★★★★
CIGI generates approximately $308 of gross profit, $72 of operating income, and $41 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 26.31%

Quantitative Style Profile

★★★★★
CIGI has a liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

High VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 4.71B USD
Price to earnings Ratio 43.71
1Y Target Price 139.22
Price to earnings Ratio 43.71
1Y Target Price 139.22
Volume (30-day avg) 246.0K shares
Beta 1.25
52 Weeks Range 87.86 - 171.06
Updated Date 09/25/2026
52 Weeks Range 87.86 - 171.06
Updated Date 09/25/2026
Dividends yield (FY) 0.33%
Basic EPS (TTM) 2.11

How Company Makes Money

Business areaWhat it includesRetail investor read
Leasing & Capital MarketsBrokerage commissions from commercial property transactions and lease arrangements.This is a cyclical, transaction-based revenue source that booms when property markets are active.
Outsourcing & AdvisoryRecurring management fees for property and facility management services.This provides a steady, 'recurring-like' revenue stream that helps stabilize the company during downturns.
Investment ManagementManagement fees and performance fees from assets held in real estate investment vehicles.This segment offers higher-margin, scalable revenue as assets under management grow.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 43.71
Forward PE 10.93
Enterprise Value 7.72B
Price to Sales(TTM) 0.79
Enterprise Value 7.72B
Price to Sales(TTM) 0.79
Enterprise Value to Revenue 1.3
Enterprise Value to EBITDA 11.68
Shares Outstanding 49.78M
Shares Floating 40.84M
Shares Outstanding 49.78M
Shares Floating 40.84M
Percent Insiders 11.06
Percent Institutions 83.96

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Colliers International Group Inc Bats

Exchange NASDAQ
Headquarters Toronto, ON, Canada
IPO Launch date 1995-01-20
Global Chairman & CEO Mr. Jay Stewart Hennick CM
Sector Real Estate
Industry Real Estate Services
Full time employees 28000
Full time employees 28000

Colliers International Group Inc. provides commercial real estate, engineering, and investment management solutions in the United States, Canada, Europe, Australia, the United Kingdom, Poland, China, India, and internationally. The company offers capital markets services for property sales, debt finance, mortgage investment banking, and landlord and tenant representation services; and outsourcing services, such as building operations and maintenance, facilities management, lease administration, property accounting and financial reporting, contract and construction management, valuation and appraisal review and management, portfolio or single asset valuation, financial reporting advisory, arbitration consulting, research, highest and best use studies, property tax reviews, appeals and litigation support, and occupier services, as well as loan servicing. It also engages in the planning, designing, and project management of assets, including bridges and structure, highway and traffic engineering, construction engineering and inspection, water, traffic planning, and rail; and provision of air quality assessments, brownfield redevelopment, environmental impact assessments, ground water resource development, site remediation, noise studies, land development and monitoring, and other services, as well as water, storm, and wastewater management services. In addition, the company offers project management services, which include bid document review, construction monitoring and delivery management, contract administration and integrated cost control, development management, facility and engineering functionality, milestone and performance monitoring, quality assurance, risk management and strategic project consulting; and perpetual funds, long-dated funds, and separately managed accounts. Colliers International Group Inc. was founded in 1972 and is headquartered in Toronto, Canada.