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CBRE Group (CBRE Group) EBIT : $1,237 Mil (TTM As of Dec. 2023)


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What is CBRE Group EBIT?

CBRE Group's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $495 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $1,237 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. CBRE Group's annualized ROC % for the quarter that ended in Dec. 2023 was 9.66%. CBRE Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 91.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. CBRE Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.07%.


CBRE Group EBIT Historical Data

The historical data trend for CBRE Group's EBIT 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.

* Premium members only.

CBRE Group EBIT Chart

CBRE Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,447.10 970.64 1,566.00 1,327.00 1,090.00

CBRE Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 222.57 181.52 297.17 264.02 494.50

Competitive Comparison of CBRE Group's EBIT

For the Real Estate Services subindustry, CBRE Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


CBRE Group's EV-to-EBIT Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, CBRE Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where CBRE Group's EV-to-EBIT falls into.



CBRE Group EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,237 Mil.

* 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  (NYSE:CBRE) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

CBRE Group's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=1978.016 * ( 1 - 21.56% )/( (16086.34 + 16045)/ 2 )
=1551.5557504/16065.67
=9.66 %

where

Invested Capital(Q: Sep. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=21687.417 - 4348.976 - ( 1252.101 - max(0, 7866.644 - 9326.612+1252.101))
=16086.34

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

CBRE Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1978.016/( ( (1850.472 + max(520.721, 0)) + (1937 + max(-186, 0)) )/ 2 )
=1978.016/( ( 2371.193 + 1937 )/ 2 )
=1978.016/2154.0965
=91.83 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5707.977 + 0 + 768.57) - (4348.976 + 263.093 + 1343.757)
=520.721

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6370 + 0 + 754) - (5238 + 298 + 1774)
=-186

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

CBRE Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=1237.212/30366.879
=4.07 %

* 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 EBIT Related Terms

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CBRE Group (CBRE Group) Business Description

Traded in Other Exchanges
Address
2100 McKinney Avenue, Suite 1250, Dallas, TX, USA, 75201
CBRE Group provides a wide range of real estate services to owners, occupants, and investors worldwide, including leasing, property and project management, and capital markets advisory. Additionally, CBRE's investment management arm manages over $140 billion for clients across diverse public and private real estate strategies.
Executives
Brandon Boze director ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Chandra Dhandapani officer: Chief Digital & Tech. Officer C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Lindsey S Caplan officer: Chief Accounting Officer 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Daniel G Queenan officer: CEO, Real Estate Investments C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Hutcheson Edward Mcvicar Blake director 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Emma E. Giamartino officer: See Remarks 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
Robert E Sulentic director, officer: Group President C/O CBRE, 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Susan Meaney director 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019
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
Madeleine G Barber officer: See Remarks 2100 MCKINNEY AVENUE, SUITE 1250, DALLAS TX 75201
Vikramaditya Kohli officer: See Remarks 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
Oscar Munoz director