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U.S. Real Estate Services Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies24
  • 7D1.5%
  • 3M-24.0%
  • 1Y-9.7%
  • YTDn/a

The Real Estate Services industry is up 1.5% in the last week, with CBRE Group up 3.7%. However, the industry is down 9.7% over the past year. Looking forward, earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

Has the U.S. Real Estate Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026US$116.8bUS$120.8bUS$1.2b33.6x101.2x1x
Tue, 03 Mar 2026US$126.6bUS$121.7bUS$1.2b37.1x109.9x1x
Thu, 29 Jan 2026US$156.0bUS$119.1bUS$2.1b35.4x74.2x1.3x
Sat, 27 Dec 2025US$154.0bUS$124.8bUS$2.0b34.4x78.2x1.2x
Mon, 24 Nov 2025US$151.2bUS$124.6bUS$2.0b33.1x77.1x1.2x
Wed, 22 Oct 2025US$156.3bUS$121.7bUS$1.8b41.4x85.3x1.3x
Fri, 19 Sep 2025US$172.6bUS$121.8bUS$1.8b43.9x94.2x1.4x
Sun, 17 Aug 2025US$160.0bUS$121.2bUS$1.9b37.7x82.9x1.3x
Tue, 15 Jul 2025US$144.4bUS$118.1bUS$1.7b34.8x84x1.2x
Thu, 12 Jun 2025US$138.2bUS$118.4bUS$1.7b34x83.2x1.2x
Sat, 10 May 2025US$133.0bUS$117.6bUS$1.6b29.5x83.9x1.1x
Mon, 07 Apr 2025US$129.1bUS$115.0bUS$1.3b31.6x98.3x1.1x
Wed, 05 Mar 2025US$146.4bUS$113.3bUS$1.3b40.7x111.7x1.3x
Fri, 31 Jan 2025US$143.3bUS$109.9bUS$1.1b38.2x130.3x1.3x
Sun, 29 Dec 2024US$136.0bUS$109.8bUS$1.1b39x124.1x1.2x
Tue, 26 Nov 2024US$145.3bUS$109.9bUS$1.1b39.5x132.5x1.3x
Thu, 24 Oct 2024US$134.2bUS$106.6bUS$972.0m42.9x138.1x1.3x
Sat, 21 Sep 2024US$132.6bUS$106.6bUS$1.0b39.6x130.2x1.2x
Mon, 19 Aug 2024US$121.2bUS$106.5bUS$1.0b36.4x119.7x1.1x
Wed, 17 Jul 2024US$115.6bUS$104.5bUS$1.1b36.9x107.4x1.1x
Fri, 14 Jun 2024US$110.5bUS$104.5bUS$1.1b35.7x102.4x1.1x
Sun, 12 May 2024US$117.6bUS$105.1bUS$1.3b31x92.4x1.1x
Tue, 09 Apr 2024US$118.7bUS$106.1bUS$1.2b35.5x99.1x1.1x
Thu, 07 Mar 2024US$113.9bUS$105.6bUS$1.2b28.1x96.8x1.1x
Sat, 03 Feb 2024US$112.6bUS$107.0b-US$110,835,065.0039.8x-1015.7x1.1x
Mon, 01 Jan 2024US$121.8bUS$107.2b-US$100,303,190.0043.2x-1214.6x1.1x
Wed, 29 Nov 2023US$105.7bUS$107.1b-US$104,069,926.0036.2x-1015.6x1x
Fri, 27 Oct 2023US$92.7bUS$110.1b-US$742,625,038.0027x-124.8x0.8x
Sun, 24 Sep 2023US$104.4bUS$110.2b-US$832,177,838.0037x-125.5x0.9x
Tue, 22 Aug 2023US$108.0bUS$109.5b-US$1,300,817,538.0065.4x-83x1x
Thu, 20 Jul 2023US$118.9bUS$114.7b-US$893,583,369.0027.2x-133.1x1x
Sat, 17 Jun 2023US$75.6bUS$112.5b-US$1,209,601,200.0020.9x-62.5x0.7x
Mon, 15 May 2023US$70.6bUS$111.6b-US$1,679,497,925.0017.9x-42x0.6x
Wed, 12 Apr 2023US$71.8bUS$116.1b-US$649,704,004.0011.6x-110.5x0.6x
Price to Earnings Ratio

-110.5x


Total Market Cap: US$71.8bTotal Earnings: -US$649,704,004.00Total Revenue: US$116.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Real Estate Services Industry Price to Earnings3Y Average -48.3x202420252026
Current Industry PE
  • Investors are optimistic on the American Real Estate Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 101x which is higher than its 3-year average PE of -48.5x.
  • The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.97x.
Past Earnings Growth
  • Total earnings for the Real Estate Services industry have gone up over the last three years, and the industry is now profitable.
  • Revenues have remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.

Industry Comparison

How does U.S. Real Estate Services compare with similar industries?

US Market3.46%
Real Estate2.85%
Real Estate1.02%
Real Estate Services1.53%
Diversified Real Estate4.54%
Real Estate Development0.47%
Real Estate Operating Companies-5.15%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CBRE CBRE GroupUS$136.603.7%
+US$1.4b		15.7%PE34.3x
JLL Jones Lang LaSalleUS$306.054.5%
+US$614.7m		39.4%PE18.1x
CWK Cushman & WakefieldUS$12.485.8%
+US$157.6m		38.7%PE32.8x
CSGP CoStar GroupUS$39.950.5%
+US$75.6m		-45.0%PE2395.8x
NMRK Newmark GroupUS$14.632.3%
+US$60.8m		36.6%PE21.4x

Latest News

JLL
US$306.05
Jones Lang LaSalle
7D
4.5%
1Y
39.4%

JLL: Fair Value View Weighs Brokerage Tailwinds Against AI Scare Trade Risks

Analysts have nudged the fair value estimate for Jones Lang LaSalle slightly lower to about $290 from roughly $291. This reflects updated price targets that balance softer commercial real estate sentiment with mixed views on valuation and future brokerage tailwinds.
REAX
US$2.53
Real Brokerage
7D
5.4%
1Y
-39.9%

REAX: Expanded Agent Network And Completed Buyback Will Support Future Upside

Analysts have nudged their price target for Real Brokerage to $5.40 from $5.38, reflecting updated views on fair value, discount rate, revenue growth, profit margin, and future price-to-earnings (P/E) assumptions. What's in the News Legends Real Estate Group has joined Real Brokerage, adding 55 agents and multiple independent teams focused on Northeast Georgia and the Atlanta metro area (Key Developments).
OPEN
US$4.74
Opendoor Technologies
7D
-1.3%
1Y
379.8%

OPEN: Margin Cohorts And Acquisition Ramp Will Support Future Earnings Turnaround

Narrative Update Analysts have raised their price targets on Opendoor Technologies by a few dollars per share, citing higher assumptions for future gross margins and contribution margins. They still expect the company to report losses relative to management's goal of achieving positive adjusted net income by year end.
CWK
US$12.48
Cushman & Wakefield
7D
5.8%
1Y
38.7%
CBRE
US$136.60
CBRE Group
7D
3.7%
1Y
15.7%

CBRE: AI Scare Trade And Data Assets Will Shape Future Sentiment

Analysts have trimmed the CBRE Group fair value estimate by about $1.05 to $142.25, reflecting lower published price targets from several firms, even as research notes point to improving commercial real estate trends and limited AI disruption risk for the business. Analyst Commentary Recent Street research on CBRE Group reflects a mix of cautious and constructive views, with several price target changes clustering in a relatively tight range.
NMRK
US$14.63
Newmark Group
7D
2.3%
1Y
36.6%
EXPI
US$5.91
eXp World Holdings
7D
-1.3%
1Y
-37.7%

EXPI: Housing Reset And Spring Agent Rebound Will Support Future Upside

Analysts have trimmed the implied fair value for eXp World Holdings from $11.00 to $9.50 per share, reflecting updated assumptions around softer U.S. housing and agent trends, slightly lower revenue growth and profit margin expectations, and a modestly lower future P/E multiple, even as some research highlights the potential for a housing market reset. Analyst Commentary Recent research on eXp World Holdings presents a mix of optimism around a potential housing market reset and caution linked to current U.S. housing and agent headwinds.
CSGP
US$39.95
CoStar Group
7D
0.5%
1Y
-45.0%
BEKE
US$14.81
KE Holdings
7D
-3.3%
1Y
-24.3%

BEKE: Softer Outlook And Downgrades Will Test Premium Multiple Going Forward

KE Holdings' latest analyst price target has been revised to $23 from $25, as analysts factor in softer revenue expectations and profit margins, along with a higher assumed P/E multiple for the stock. Analyst Commentary Recent Street research signals a more cautious tone around KE Holdings, with price targets trimmed and at least one downgrade highlighting rising concern around the balance between growth expectations, margins, and valuation.
FTHM
US$0.59
Fathom Holdings
7D
-16.3%
1Y
-19.7%
MMI
US$26.30
Marcus & Millichap
7D
2.3%
1Y
-16.7%

MMI: Future Returns Will Depend On Completed Buybacks And Steady Profitability

Analysts maintained their $28.00 price target for Marcus & Millichap, citing largely unchanged assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News From October 1, 2025 to February 10, 2026, Marcus & Millichap repurchased 740,960 shares for US$20.92 million, equal to 1.9% of its shares under an existing buyback program (Key Developments).
ZG
US$40.64
Zillow Group
7D
0.6%
1Y
-37.8%

ZG: AI And Listing Rule Easing Will Support Long Term Moat

Analysts trimmed their fair value estimate for Zillow Group by just under $1 to $73.83, reflecting slightly higher perceived risk and a modestly lower future P/E multiple, even as their assumptions for revenue growth and profit margins edged up. Analyst Commentary Recent Street research on Zillow Group reflects an active debate around the stock, with many analysts recalibrating price targets and ratings in light of legal, competitive, and technology questions.
COMP
US$7.07
Compass
7D
-0.1%
1Y
-14.6%

COMP: Anywhere Integration And Lower Rates Will Support Future Expansion Potential

Analysts have modestly lifted their blended price targets on Compass to reflect recent initiations, upgrades and post-earnings estimate updates, with moves such as Morgan Stanley's shift to $11 from $10, JPMorgan's adjustment to $14 from $15, Wells Fargo's increase to $13 from $8 and BTIG's raise to $15 from $12.50. Analyst Commentary Bullish analysts have been increasingly vocal on Compass, pointing to a mix of valuation support, integration milestones and a more constructive view on the operating backdrop.
RMAX
US$5.72
RE/MAX Holdings
7D
-0.9%
1Y
-27.7%
OMH
US$1.20
Ohmyhome
7D
-4.0%
1Y
-46.9%
RMSG
US$0.48
Real Messenger
7D
-23.3%
1Y
-74.8%