Cohen & Steers Inc.
Cohen & Steers, founded in 1986, is a global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Headquartered in New York City, with offices in London, Dublin, Hong Kong, Tokyo and Singapore, we serve institutional and …
$70.26
-$1.77 (-2.46%)
Price from 2 days ago
Margins and capital returns are both well above average: 31.96% operating margin, ROIC at 18.62%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 7.5%, steady but not accelerating. Free cash flow declined 249% despite revenue growth, conversion is weakening.
Free cash flow declined 249% versus the prior year, cash generation momentum has weakened. ROIC dropped from 21.48% to 18.62%, capital efficiency is deteriorating.
21.6x earnings, 50.1x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$584M
▲ +7.5% YoY
Net Income (TTM)
$168M
▲ +1.3% YoY
Op. Margin
32.90%
▼ -1.5pp YoY
ROIC
21.57%
▼ -2.9pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$72M
▼ -248.7% YoY
Op. Cash Flow (TTM)
$72M
▼ -224.6% YoY
Net Debt
$75M
Cash & Equiv.
$59M
5Y CAGR: +5.4%
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SourceComputed from the 10-Q filed 23 Jul 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 1 Aug 2026. How this is calculated.
Price from market data, last close as of 21 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is Cohen & Steers (CNS) overvalued?
At a P/E of 21.6 and a price-to-free-cash-flow of 50.1, Cohen & Steers (CNS) trades above a two-stage DCF intrinsic value of about $22.66 per share, so at $70.26 the stock looks overvalued (67.7% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Cohen & Steers scores 39/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 3.7%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Cohen & Steers's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $22.66 per share for CNS, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $17.00. At today's $70.26, that puts the stock about 67.7% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Cohen & Steers a high-quality business?+
Cohen & Steers scores 39 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 32.9% operating margin and a 21.6% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Cohen & Steers (CNS) pay a dividend, and how much?+
Yes, Cohen & Steers pays a regular dividend of about $2.56 per share per year (typically in quarterly installments), a yield of roughly 3.7% at the current price. That is a payout ratio of about 78.8% of earnings, so the dividend is covered, with less cushion. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For CNS's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Cohen & Steers a good stock to buy right now?+
That depends on valuation and quality together, not either alone. CNS currently trades above its estimated intrinsic value and scores 39/100 on quality (lower-quality). It also yields about 3.7%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Investment Advice
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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