CSGP
CoStar Group, Inc.
CSGP's fundamentals are strong and it looks cheap: trading at 67x earnings, below its usual 119x. Analysts expect strong earnings growth.
CSGP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
CSGP's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for real estate companies like CSGP.
CSGP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 18x | $30.10 | — |
| Current | 67x | $30.10 | — |
| Cheap | 82x | $36.95 | +23% |
| Fair | 117x | $52.61 | +75% |
| Expensive | 269x | $121 | +302% |
Historical ranges are pointers, not guarantees.
CSGP's PE is in its cheap range at 67x. If earnings grow as analysts expect, today's price would be 18x next year's earnings.
CSGP Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for CSGP, with profitability improving.
CSGP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.69 | +275% |
| Q3 2026 | $0.45 | +1025% |
| Q2 2026 | $0.20 | -17% |
| Q1 2026 | $0.07 | -75% |
| Q4 2025 | $0.02 | -94% |
| Q3 2025 | $0.04 | -91% |
| Q2 2025 | $0.24 | -55% |
| Q1 2025 | $0.28 | -62% |
| Q4 2024 | $0.34 | -63% |
CSGP's earnings per share have fallen from their peak: $0.45 over the past year, against $0.99 in late 2023.
CSGP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $952M | +14% |
| Q2 2026 | $925M | +18% |
| Q1 2026 | $897M | +23% |
| Q4 2025 | $899.9M | +27% |
| Q3 2025 | $833.6M | +20% |
| Q2 2025 | $781.3M | +15% |
| Q1 2025 | $732.2M | +12% |
| Q4 2024 | $709.4M | +11% |
CSGP's revenue has grown year over year every quarter since late 2020: $952M last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.8% | +15 points |
| Q2 2026 | 8.2% | +12 points |
| Q1 2026 | 0.3% | +6.2 points |
| Q4 2025 | 5.5% | -0.2 points |
| Q3 2025 | -6.1% | -9.6 points |
| Q2 2025 | -3.5% | -1.1 points |
| Q1 2025 | -5.8% | +0.7 points |
| Q4 2024 | 5.6% | -5.2 points |
CSGP's operating margin was 8.8% last quarter, up 15 points from the same quarter a year ago.
CSGP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $137M | +$142.5M |
| Q2 2026 | $77M | +178% |
| Q1 2026 | $107M | +$107.5M |
| Q4 2025 | $101.3M | +302% |
| Q3 2025 | -$5.5M | -114% |
| Q2 2025 | $27.7M | +$42.4M |
| Q1 2025 | -$500K | +$236.6M |
| Q4 2024 | $25.2M | -73% |
CSGP's free cash flow was $422M over the past year, about nine times what it generated the year before. Free cash flow isn't a meaningful measure for real estate companies like CSGP.
CSGP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -2.5M shares |
| 1 year | -4.3% | -18M shares |
| 3 years | -1.3% | -5.3M shares |
| 5 years | +1.9% | +7.6M shares |
| Available history | +9.7% | +35.6M shares |
CSGP has 402M diluted shares, down 4.3% from a year ago, with $1.1B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $81M |
| Q2 2026 | $82M |
| Q1 2026 | $505M |
| Q4 2025 | $385M |
| Q3 2025 | $51.2M |
| Q2 2025 | $45.3M |
| Q1 2025 | $18.5M |
CSGP spent $1.1B buying back its own shares over the past year.
CSGP Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.9x | Very low |
| Q2 2026 | -0.7x | Net Cash |
| Q1 2026 | -0.8x | Net Cash |
| Q4 2025 | -3.4x | Net Cash |
| Q3 2025 | -6.7x | Net Cash |
| Q2 2025 | -14.5x | Net Cash |
| Q1 2025 | -16.2x | Net Cash |
| Q4 2024 | -24.4x | Net Cash |
CSGP's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago. Net leverage isn't a meaningful measure for real estate companies like CSGP.
CSGP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.1 | Neutral |
| Stochastic | 42.5 | Neutral |
CSGP's weekly RSI is 42 (neutral) and its Stochastic is 42 (neutral).
CSGP PE vs Real Estate Sector
| Metric | CSGP | Sector median | Relative |
|---|---|---|---|
| PE | 67x | 24x | 180% above |
| PE % | 1 | 23 | 22 pts below |
CSGP is trading at 67x earnings, a 180% premium to the Real Estate sector's median of 24x.
CSGP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $30.3 | 0.6% below |
| 20 week MA | $30.2 | 0.4% below |
| 50 week MA | $40.0 | 25% below |
| 100 week MA | $59.5 | 49% below |
| 200 week MA | $69.7 | 57% below |
CSGP is in a downtrend: it's below all five of its weekly moving averages, and 57% below its 200-week average.
CSGP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $59.9 | $90.7 | +51% |
| 2021 | $90.7 | $79.9 | -12% |
| 2022 | $79.9 | $76.9 | -3.8% |
| 2023 | $76.9 | $87.4 | +14% |
| 2024 | $87.4 | $72.2 | -17% |
| 2025 | $72.2 | $67.0 | -7.2% |
| 2026 YTD | $67.0 | $30.1 | -55% |
CSGP has finished lower in four of the last six years. It's down 55% so far in 2026.