Stocktoria

Cushman & Wakefield Ltd. CWK

NYSE · stock · Real Estate · website · IPO 2018-08-02

Cushman & Wakefield Ltd. statistics & valuation

Market cap$3.2B
P / E36.3×
P / S0.3×
P / B1.6×
P / FCF10.9×
Net margin0.9%
Return on equity4.5%
FCF margin2.8%
Net debt$1.8B
Net debt / EBITDA3.3×
Enterprise value USD$5.0B
EV / EBITDA9.1×
Earnings yield EBIT/EV9%
Return on capital8.9%
Graham number -38.9%$8.44

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($8.44); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-3.20% -2.30% 0.00% -2.80% 2.70% 1.90% -0.40% 1.40% 0.90% 201720182019202020212022202320242025
Gross margin (%)
201720182019202020212022202320242025
Operating margin (%)
-2.50% 0.20% 2.10% -0.70% 5.30% 5.30% 2.20% 3.60% 4.40% 201720182019202020212022202320242025
Return on equity (%)
-44.30% -13.70% 0.00% -20.10% 17.30% 11.80% -2.10% 7.50% 4.50% 201720182019202020212022202320242025
Shares outstanding
145.1M 216.6M 224.5M 222.0M 226.5M 228.0M 227.3M 232.8M 234.7M 201720182019202020212022202320242025
Net debt ($)
$2.38B $1.79B $1.81B $2.16B $2.45B $2.57B $2.33B $2.15B $1.84B 201720182019202020212022202320242025
Share buybacks ($)
201720182019202020212022202320242025
Return on assets (%)
-3.80% -2.80% 0.00% -3.00% 3.20% 2.50% -0.50% 1.70% 1.10% 201720182019202020212022202320242025
Free cash flow margin (%)
-1.80% -1.10% 2.20% -1.00% 5.30% 0.00% 1.10% 1.80% 2.80% 201720182019202020212022202320242025
Debt / equity (×)
5.57× 1.97× 2.01× 2.95× 2.22× 1.93× 1.85× 1.67× 1.34× 201720182019202020212022202320242025
EPS ($)
-$1.54 -$1.09 $0.00 -$1.00 $1.10 $0.86 -$0.16 $0.56 $0.38 201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Cushman & Wakefield Ltd. trades at about 36.3× earnings — above its 10-year norm (10-year range 16.8×–43.3×, median 24.6×).

16.8× 43.3×

Shaded band = 10-year range (16.8×–43.3×); dot = today's 36.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating margin4.4%3.6%2.2%5.3%5.3%-0.7%2.1%0.2%-2.5%
Net margin0.9%1.4%-0.4%1.9%2.7%-2.8%0.0%-2.3%-3.2%
FCF margin2.8%1.8%1.1%-0.0%5.3%-1.0%2.2%-1.1%-1.8%
Return on assets1.1%1.7%-0.5%2.5%3.2%-3.0%0.0%-2.8%-3.8%
Return on equity4.5%7.5%-2.1%11.8%17.3%-20.1%0.0%-13.7%-44.3%
Debt / equity1.34×1.67×1.85×1.93×2.22×2.95×2.01×1.97×5.57×
Current ratio1.101.151.171.161.161.401.231.350.97

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.