Colliers International Group
Financial ratios & Valuation

Forward Multiples (2025 – 2027)

202520262027
Price/Earnings ratio
35.4419.1618.26
Price/Sales ratio
1.411.451.37
Earnings per Share (EPS)
$4.66$8.61$9.04

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
28.6970.9720.8648.1122.0622.4137.71-26.8520.5366.5244.0822.06
Price/Sales ratio
0.450.960.741.040.761.011.271.560.891.001.440.76
Price/Book Value ratio
5.3311.086.678.195.495.966.0810.908.095.145.415.96
Price/Cash Flow ratio
7.8110.539.0711.148.369.9221.4022.0759.6026.3224.548.36
Price/Free Cash Flow ratio
11.6612.3010.8013.689.7011.5628.2527.61-6.14K53.7432.109.70
Price/Earnings Growth ratio
-0.09-1.490.11-1.920.240.56-1.170.08-0.11-1.155.290.24
Dividend Yield
1.15%0.43%0.24%0.16%0.18%0.13%0.11%0.06%0.31%0.31%0.11%0.13%
Profitability Indicator Ratios
Gross Profit Margin
35.63%39.34%37.79%37.27%35.67%35.66%37.53%38.37%38.34%40.09%36.60%35.67%
Operating Profit Margin
4.95%4.66%7.70%7.33%7.12%7.16%5.90%-1.44%7.45%6.94%8.37%7.12%
Pretax Profit Margin
4.46%4.20%7.34%6.83%6.43%6.25%4.89%-3.71%6.49%4.90%7.08%6.43%
Net Profit Margin
1.59%1.35%3.58%2.16%3.45%4.51%3.39%-5.80%4.36%1.51%3.35%4.51%
Effective Tax Rate
26.23%44.91%34.31%40.72%29.29%27.81%30.79%-56.23%32.81%31.99%26.52%27.81%
Return on Assets
2.64%2.13%5.68%3.41%4.14%4.75%2.87%-6.13%3.81%1.19%2.46%4.75%
Return On Equity
18.57%15.61%31.98%17.03%24.91%26.59%16.12%-40.58%39.43%7.72%13.82%26.59%
Return on Capital Employed
13.31%13.10%21.36%21.69%12.91%11.08%7.53%-2.50%8.85%7.44%8.06%11.08%
Liquidity Ratios
Current Ratio
1.121.031.020.890.950.770.93N/AN/AN/A1.160.95
Quick Ratio
1.091.031.020.890.950.760.910.980.870.841.160.95
Cash ratio
0.240.240.220.160.150.120.140.260.120.120.100.12
Days of Sales Outstanding
40.8370.4459.8561.5071.6555.7991.5551.2054.8261.1981.1471.65
Days of Inventory outstanding
3.95N/AN/AN/AN/A2.004.384.316.0236.69N/A2.00
Operating Cycle
44.7870.4459.8561.5071.6557.7995.9455.5260.8497.8881.1471.65
Days of Payables Outstanding
17.2627.0725.8658.0750.4848.7862.4356.6666.7973.82134.6750.48
Cash Conversion Cycle
27.5243.3733.983.4221.179.0133.51-1.13-5.9524.06-53.539.01
Debt Ratios
Debt Ratio
0.300.230.210.170.280.210.280.230.330.300.300.28
Debt Equity Ratio
2.111.741.230.861.711.181.571.573.421.961.531.18
Long-term Debt to Capitalization
0.660.630.550.460.630.530.540.560.770.630.580.58
Total Debt to Capitalization
0.670.630.550.460.630.540.610.610.770.660.600.54
Interest Coverage Ratio
-5.17-8.93-17.67-14.07-10.40-7.406.79N/AN/AN/A4.48-10.40
Cash Flow to Debt Ratio
0.320.600.590.850.380.500.180.310.030.090.140.50
Company Equity Multiplier
7.027.305.624.986.015.595.616.6110.336.464.975.59
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.050.090.080.090.090.100.050.070.010.030.060.10
Free Cash Flow / Operating Cash Flow Ratio
0.660.850.830.810.860.850.750.79-0.000.480.740.85
Cash Flow Coverage Ratio
0.320.600.590.850.380.500.180.310.030.090.140.50
Short Term Coverage Ratio
4.3749.1379.6887.73140.3973.580.731.752.610.971.9173.58
Dividend Payout Ratio
33.15%30.74%5.10%7.85%3.99%2.93%4.44%-1.75%6.46%20.62%9.55%3.99%