CBRE vs. FSV: CBRE vs. FirstService Stock Comparison

July 23, 2026

How do CBRE (CBRE) and FirstService (FSV) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

CBRE (CBRE) and FirstService (FSV) are both classified in the Real Estate Services sub-industry within the broader Real Estate Management & Development industry, placing them in the closest GICS peer bucket.

Company profile comparison for CBRE (CBRE) and FirstService (FSV)
Profile Item	CBRE	FSV
Name	CBRE Group Inc.	FirstService Corporation
Country/Region	United States	Canada
GICS Sector	Real Estate	Real Estate
GICS Industry Group	Real Estate Management & Development	Real Estate Management & Development
GICS Industry	Real Estate Management & Development	Real Estate Management & Development
GICS Sub-Industry	Real Estate Services	Real Estate Services
Market Capitalization	40.49 billion USD	6.59 billion USD
Currency	USD	USD
Exchange	NYSE	Nasdaq
Listing Date	June 10, 2004	June 2, 2015
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CBRE

FSV

GSPC

CBRE (CBRE) vs. FirstService (FSV), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for CBRE (CBRE) and FirstService (FSV). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for CBRE (CBRE) and FirstService (FSV). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for CBRE (CBRE) and FirstService (FSV)
Metric	CBRE	FSV
Total Return (1Y)	-2.24%	-19.68%
Total Return (3Y, Annualized)	16.38%	-2.35%
Total Return (5Y, Annualized)	9.97%	-4.37%

Risk Profile

Drawdown History

CBRE

FSV

GSPC

CBRE (CBRE) vs. FirstService (FSV), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for CBRE (CBRE) and FirstService (FSV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for CBRE (CBRE) and FirstService (FSV)
Metric	CBRE	FSV
Volatility (1Y, Annualized)	31.71%	29.22%
Beta (5Y)	1.19	0.93
Max Drawdown (5Y)	-40.38%	-44.07%
Avg. Volume (3M)	2.25M	222.54K

Risk-Adjusted Performance

Risk-Return Positioning

CBRE and FSV are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for CBRE (CBRE) and FirstService (FSV)
Metric	CBRE	FSV
Sharpe Ratio (1Y)	-0.20	-0.81
Sortino Ratio (1Y)	-0.27	-1.11

Profitability

ROE (TTM)

Both CBRE (CBRE) at 15.60% and FirstService (FSV) at 11.24% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

CBRE

Real Estate Management & Development industry group

15.60%

Max: 22.48%
CBRE: 15.60%
Q3: 11.19%
Median: 3.78%
Q1: 0.25%
Min: -13.61%

FSV

Real Estate Management & Development industry group

11.24%

Max: 22.48%
FSV: 11.24%
Q3: 11.19%
Median: 3.78%
Q1: 0.25%
Min: -13.61%

CBRE (CBRE) vs. FirstService (FSV): A comparison of their ROE against the Real Estate Management & Development industry group benchmark.

Net Margin (TTM)

Both CBRE (CBRE) at 3.11% and FirstService (FSV) at 2.92% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

CBRE

Real Estate Management & Development industry group

3.11%

Max: 21.64%
Q3: 9.49%
CBRE: 3.11%
Median: 2.92%
Q1: 0.17%
Min: -0.35%

FSV

Real Estate Management & Development industry group

2.92%

Max: 21.64%
Q3: 9.49%
FSV: 2.92%
Median: 2.92%
Q1: 0.17%
Min: -0.35%

CBRE (CBRE) vs. FirstService (FSV): A comparison of their net margin against the Real Estate Management & Development industry group benchmark.

Operating Margin (TTM)

Both CBRE (CBRE) at 2.65% and FirstService (FSV) at 3.66% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

CBRE

Real Estate Management & Development industry group

2.65%

Max: 18.35%
Q3: 5.09%
CBRE: 2.65%
Median: 2.65%
Q1: -5.70%
Min: -21.67%

FSV

Real Estate Management & Development industry group

3.66%

Max: 18.35%
Q3: 5.09%
FSV: 3.66%
Median: 2.65%
Q1: -5.70%
Min: -21.67%

CBRE (CBRE) vs. FirstService (FSV): A comparison of their operating margin against the Real Estate Management & Development industry group benchmark.

Profitability Metrics

Profitability metrics for CBRE (CBRE) and FirstService (FSV)
Metric	CBRE	FSV
ROE (TTM)	15.60%	11.24%
ROA (TTM)	2.72%	5.09%
Net Margin (TTM)	3.11%	2.92%
Operating Margin (TTM)	2.65%	3.66%
Gross Margin (TTM)	18.50%	33.57%

Growth

Revenue Growth

Both CBRE (CBRE) at 13.37% and FirstService (FSV) at 5.38% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

CBRE (CBRE) vs. FirstService (FSV): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both CBRE (CBRE) at 22.61% and FirstService (FSV) at 6.73% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

CBRE (CBRE) vs. FirstService (FSV): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for CBRE (CBRE) and FirstService (FSV)
Metric	CBRE	FSV
Revenue Growth (YoY)	13.37%	5.38%
Revenue Growth (3Y CAGR)	9.57%	13.64%
EPS Growth (YoY)	22.61%	6.73%
EPS Growth (3Y CAGR)	-3.54%	5.24%

Financial Strength

Current Ratio (MRQ)

FirstService (FSV) at 1.74 keeps current ratio within its industry’s typical mid-range, while CBRE (CBRE) at 1.08 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for CBRE.

CBRE

Real Estate Management & Development industry group

1.08

Max: 5.67
Q3: 3.15
Median: 1.91
Q1: 1.38
CBRE: 1.08
Min: 0.61

FSV

Real Estate Management & Development industry group

1.74

Max: 5.67
Q3: 3.15
Median: 1.91
FSV: 1.74
Q1: 1.38
Min: 0.61

CBRE (CBRE) vs. FirstService (FSV): A comparison of their current ratio against the Real Estate Management & Development industry group benchmark.

Debt / Equity (MRQ)

FirstService (FSV) at 0.72 carries an industry-typical debt-to-equity mix, while CBRE (CBRE) at 1.14 uses more debt funding than most peers.

CBRE

Real Estate Management & Development industry group

1.14

Max: 1.60
CBRE: 1.14
Q3: 0.89
Median: 0.43
Q1: 0.20
Min: 0.10

FSV

Real Estate Management & Development industry group

0.72

Max: 1.60
Q3: 0.89
FSV: 0.72
Median: 0.43
Q1: 0.20
Min: 0.10

CBRE (CBRE) vs. FirstService (FSV): A comparison of their debt-to-equity ratio against the Real Estate Management & Development industry group benchmark.

Financial Strength Metrics

Financial strength metrics for CBRE (CBRE) and FirstService (FSV)
Metric	CBRE	FSV
Current Ratio (MRQ)	1.08	1.74
Debt / Equity (MRQ)	1.14	0.72
Net Debt / EBITDA	4.05	2.19

Dividends

Dividend Yield (TTM)

CBRE (CBRE) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile FirstService (FSV) reports a yield of 0.77%, ranking against industry peers normally.

CBRE

Real Estate Management & Development industry group

0.00%

Max: 1.62%
Q3: 0.77%
CBRE: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

FSV

Real Estate Management & Development industry group

0.77%

Max: 1.62%
FSV: 0.77%
Q3: 0.77%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

CBRE (CBRE) vs. FirstService (FSV): A comparison of their dividend yield against the Real Estate Management & Development industry group benchmark.

Dividend Payout Ratio (TTM)

CBRE (CBRE) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile FirstService (FSV) reports a payout of 31.83%, ranking against industry peers normally.

CBRE

Real Estate Management & Development industry group

0.00%

Max: 43.71%
Q3: 31.09%
CBRE: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

FSV

Real Estate Management & Development industry group

31.83%

Max: 43.71%
FSV: 31.83%
Q3: 31.09%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

CBRE (CBRE) vs. FirstService (FSV): A comparison of their payout ratio against the Real Estate Management & Development industry group benchmark.

Dividend Metrics

Dividend metrics for CBRE (CBRE) and FirstService (FSV)
Metric	CBRE	FSV
Dividend Yield (TTM)	0.00%	0.77%
Dividend Payout Ratio (TTM)	0.00%	31.83%

Valuation

P/E Ratio (TTM)

Both CBRE (CBRE) at 31.64 and FirstService (FSV) at 41.30 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

CBRE

Real Estate Management & Development industry group

31.64

Max: 298.83
Q3: 132.60
Median: 39.78
CBRE: 31.64
Q1: 18.37
Min: 4.76

FSV

Real Estate Management & Development industry group

41.30

Max: 298.83
Q3: 132.60
FSV: 41.30
Median: 39.78
Q1: 18.37
Min: 4.76

CBRE (CBRE) vs. FirstService (FSV): A comparison of their P/E ratio against the Real Estate Management & Development industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both CBRE (CBRE) at 0.96 and FirstService (FSV) at 1.18 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

CBRE

Real Estate Management & Development industry group

0.96

Max: 13.40
Q3: 6.71
Median: 1.59
CBRE: 0.96
Q1: 0.87
Min: 0.00

FSV

Real Estate Management & Development industry group

1.18

Max: 13.40
Q3: 6.71
Median: 1.59
FSV: 1.18
Q1: 0.87
Min: 0.00

CBRE (CBRE) vs. FirstService (FSV): A comparison of their P/S ratio against the Real Estate Management & Development industry group benchmark.

P/B Ratio (MRQ)

Both CBRE (CBRE) at 4.75 and FirstService (FSV) at 4.61 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

CBRE

Real Estate Management & Development industry group

4.75

Max: 6.49
CBRE: 4.75
Q3: 3.31
Median: 1.65
Q1: 1.02
Min: 0.43

FSV

Real Estate Management & Development industry group

4.61

Max: 6.49
FSV: 4.61
Q3: 3.31
Median: 1.65
Q1: 1.02
Min: 0.43

CBRE (CBRE) vs. FirstService (FSV): A comparison of their P/B ratio against the Real Estate Management & Development industry group benchmark.

Valuation Metrics

Valuation metrics for CBRE (CBRE) and FirstService (FSV)
Metric	CBRE	FSV
P/E Ratio (TTM)	31.64	41.30
P/S Ratio (TTM)	0.96	1.18
P/B Ratio (MRQ)	4.75	4.61
Free Cash Flow Yield (TTM)	2.70%	5.24%