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Cushman & Wakefield Ltd CWK

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Stock XNYS Rating as of
$12.06 +0.25 (2.12%)
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As of Delayed Price Closed

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Cushman & Wakefield Is Enjoying Industry Tailwinds but Trailing Larger Peers

Austin Taggart

Cushman & Wakefield solidified its position as one of the top three global commercial real estate services firms following a transformative 2015 merger that provided the scale necessary to compete for complex global mandates. Though materially smaller than CBRE and JLL in scale, Cushman & Wakefield still functions as a “one-stop shop” with presence across 60 countries to service the full spectrum of commercial real estate needs on behalf of large, multinational corporate clients, whom we view as the most profitable client segment.

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Price vs Fair Value

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CWK is trading at a LOCK|vTD premium.
Price
$12.06
Fair Value
nYW
Uncertainty
LOCK|$h
1-Star Price
LOCK|.&z
5-Star Price
%
Economic Moat
LOCK|?hb
Capital Allocation
LOCK|>?FCvY

Bulls Say, Bears Say

Bulls

Achieving an investment-grade credit rating would translate to materially lower interest expenses on its future debt stack.

Bears

Meaningful improvements in artificial intelligence and subsequent adoption in underwriting workflows could lead to fee compression in the advisory business.

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Trading Information

Previous Close Price
$11.81
Day Range
$11.66–12.43
52-Week Range
$11.57–17.40
Bid/Ask
$11.73 / $12.38
Shares Outstanding
234.71M
Market Cap
$2.83B
Volume/Avg
4M / 2M

Key Statistics

Price/Earnings (Normalized)
12.08
Price/Sales
0.26
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Dividend Payment Schedule
—
Total Yield
0.84%

Company Profile

Cushman & Wakefield is a global commercial real estate services firm providing leasing, capital markets, property management, and project management to occupiers, owners, and investors across property types including office, industrial, retail, and data centers. The firm traces its roots back to 1917, when it was founded by brothers-in-law J. Clydesdale Cushman and Bernard Wakefield, and grew into its current form largely through a transformative 2015 merger with DTZ, a firm backed by TPG, PAG Asia Capital, and Ontario Teachers' Pension Plan. As of early 2026, the firm operates across roughly 400 offices in 60 countries with approximately 53,000 people.
Sector
Real Estate
Industry
Real Estate Services
Stock Style Box
Small Value
Total Number of Employees
53,000
Website
https://www.cushmanwakefield.com

Competitors

Valuation

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Metric
CWK
CSGP
JLL
Price/Earnings (Normalized)
 12.0825.4514.07
Price/Book Value
 1.401.411.90
Price/Sales
 0.263.260.54
Price/Cash Flow
 5.4413.3410.26
Price/Earnings
CWK
CSGP
JLL

Financial Strength

Metric
CWK
CSGP
JLL
Quick Ratio
 0.982.061.05
Current Ratio
 1.082.211.13
Interest Coverage
 1.46—14.61
Quick Ratio
CWK
CSGP
JLL

Profitability

Metric
CWK
CSGP
JLL
Return on Assets (Normalized)
 4.11%4.31%6.64%
Return on Equity (Normalized)
 16.02%5.43%15.93%
Return on Invested Capital (Normalized)
 9.18%4.38%11.36%
Return on Assets
CWK
CSGP
JLL

Real Estate Services Industry Comparables

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1-Day Chart
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Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
CBRE Group Inc Class A
CBRE
LOCK|M%jxZ%LOCK|L%<!v$38B
 KE Holdings Inc ADR
BEKE
LOCK|$Vh>j@LOCK|L!<ww$19B
 Sumitomo Realty & Development Co Ltd
SURDF
—LOCK|j>p$19B
 Sumitomo Realty & Development Co Ltd ADR
SURYY
—LOCK|QFj$19B
 Swire Properties Ltd
SWPFF
—LOCK|?m@d$18B
 Cellnex Telecom SA ADR
CLLNY
—LOCK|Y<$?$17B
 Cellnex Telecom SA
CLNXF
—LOCK|<B?S$17B
 Jones Lang LaSalle Inc
JLL
LOCK|CsK>>PLOCK|W#J@q$14B
 CoStar Group Inc
CSGP
LOCK|@^^^C!LOCK|P$$h$11B

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