Question 1

What is CoStar Group's P/FCF ratio?

Accepted Answer

CoStar Group (CSGP) P/FCF ratio is 47.5× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for CoStar Group?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For CoStar Group specifically, the relevant sector benchmark is the current sector median of 15.9×.

Question 5

Is CoStar Group's P/FCF ratio high or low?

Accepted Answer

CoStar Group's P/FCF ratio of 47.5× is below its own 5-year average of 106.2× and above the sector median of 15.9×. That places the current reading at the 0th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is CoStar Group's historical P/FCF ratio range?

Accepted Answer

In the available daily series, CoStar Group (CSGP) P/FCF ratio has ranged from a low of 15.3× in 2009 to a high of 367.9× in 2024. The 5-year average is 106.2× and the 5-year median is 76.7×.

Question 7

What was CoStar Group's P/FCF ratio in 2025?

Accepted Answer

CoStar Group (CSGP) P/FCF ratio at the end of 2025 was 239.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does CoStar Group's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$28.1B	$117M	239.2×	—	Dec 31, 2025
2024	$29.1B	-$245M	—	—	Dec 31, 2024
2023	$35.5B	$449M	79.1×	+4.7×	Dec 31, 2023
2022	$31.2B	$420M	74.4×	-2.3×	Dec 31, 2022
2021	$31B	$405M	76.7×	-5.9×	Dec 31, 2021
2020	$36.2B	$438M	82.6×	+29.8×	Dec 31, 2020
2019	$21.8B	$412M	52.9×	+13.0×	Dec 31, 2019
2018	$12.2B	$306M	39.9×	-10.6×	Dec 31, 2018
2017	$10.6B	$210M	50.4×	+17.0×	Dec 31, 2017
2016	$6.07B	$182M	33.4×	-35.4×	Dec 31, 2016
2015	$6.61B	$96.2M	68.8×	+18.7×	Dec 31, 2015
2014	$5.83B	$116M	50.1×	-7.5×	Dec 31, 2014
2013	$5.14B	$89.3M	57.6×	+23.4×	Dec 31, 2013
2012	$2.44B	$71.3M	34.2×	-122.1×	Dec 31, 2012
2011	$1.67B	$10.7M	156.3×	—	Dec 31, 2011
2010	$1.17B	-$18.1M	—	—	Dec 31, 2010
2009	$846M	$29M	29.1×	+11.9×	Dec 31, 2009
2008	$640M	$37.3M	17.2×	-6.9×	Dec 31, 2008
2007	$906M	$37.5M	24.1×	-26.9×	Dec 31, 2007
2006	$1.01B	$19.8M	51.0×	-4.4×	Dec 31, 2006
2005	$805M	$14.5M	55.4×	+1.6×	Dec 31, 2005
2004	$845M	$15.7M	53.9×	-20.1×	Dec 31, 2004
2003	$715M	$9.67M	74.0×	-113.6×	Dec 31, 2003
2002	$292M	$1.56M	187.6×	—	Dec 31, 2002


CBRE Group (CBRE)	44.5×
Regency Centers (REG)	24.4×
Mid-America Apartment Communities (MAA)	23.3×
American Tower (AMT)	21.3×
Simon Property Group (SPG)	18.5×
Kimco Realty (KIM)	17.9×
SBA Communications (SBAC)	17.9×
BXP (BXP)	17.7×
Tanger (SKT)	17.2×
STAG Industrial (STAG)	16.0×
Extra Space Storage (EXR)	15.8×
Public Storage (PSA)	15.5×
AvalonBay Communities (AVB)	15.2×
Host Hotels & Resorts (HST)	14.4×
Camden Property Trust (CPT)	14.3×
Realty Income (O)	13.6×
Invitation Homes (INVH)	13.3×
Medical Properties Trust (MPT)	12.8×
UDR (UDR)	12.4×
NNN REIT (NNN)	12.2×
VICI Properties (VICI)	11.4×
Healthpeak Properties (DOC)	9.7×
Arbor Realty Trust (ABR)	7.6×
Alexandria Real Estate Equities (ARE)	6.2×
Opendoor Technologies (OPEN)	4.2×

P/FCF Ratio for CoStar Group (CSGP) 2002-2026

P/FCF Ratio daily chart for CoStar Group (CSGP)

Historical P/FCF Ratio for CoStar Group (CSGP) from 2002 to 2025

About P/FCF Ratio at CoStar Group (CSGP)

CoStar Group P/FCF Ratio by Year

CoStar Group P/FCF Ratio 2025: 239.2×

CoStar Group P/FCF Ratio 2023: 79.1×

CoStar Group P/FCF Ratio 2022: 74.4×

CoStar Group P/FCF Ratio 2021: 76.7×

CoStar Group P/FCF Ratio 2020: 82.6×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

CoStar Group (CSGP) Key Financials