Cohen & Steers CNS Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | 32.2%-1.4pp | 32%-1.5pp | 33.8%+1.3pp | 33.6%+1.3pp | 33.6%+0.7pp | |
| Net margin | 27.5%-2.2pp | 27.6%-1.7pp | 29.7%+2.5pp | 29.8%+3.6pp | 29.7%+3.4pp | |
| Returns | ||||||
| Return on equity | 29.1%-6.3pp | 28.5%-5.3pp | 31.5%0.0pp | 32.7%+1.4pp | 35.4%-0.3pp | |
| Return on invested capital | 29.8%-5.7pp | 34.7%+1.2pp | 33.7%+5.1pp | 34.6%+3.9pp | 35.5%+3.0pp | |
| Efficiency | ||||||
| Asset turnover | 0.7×0.0× | 0.7×0.0× | 0.7×0.0× | 0.7×0.0× | 0.7×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 0.2×0.0× | 0.2×0.0× | 0.3×0.0× | 0.3×0.0× | 0.3×-0.1× | |
| Net debt / EBITDA | 0.4×0.0× | -0×+0.2× | 0.2×+0.1× | 0.2×+0.1× | 0.4×+0.1× | |
| Per Share | ||||||
| Book value per share | $10.92+10.6% | $10.91+8.6% | $10.67+11.8% | $10.27+12.5% | $9.87+29.9% | |
| Valuation | ||||||
| Market capitalization | $3.21B-21.4% | $3.2B-31.4% | $3.35B-31.0% | $3.92B+7.0% | $4.09B+7.4% | |
| Price / earnings | 20.6×-5.4× | 20.9×-10.0× | 20.4×-15.5× | 24.2×-4.5× | 26×-3.8× | |
| Price / sales | 5.7×-2.1× | 5.8×-3.3× | 6.1×-3.7× | 7.2×-0.3× | 7.7×-0.1× | |
| Price / book | 5.7×-2.4× | 5.7×-3.4× | 6.1×-3.8× | 7.4×-0.5× | 8.1×-2.0× | |
| EV / EBITDA | 17.1×-5.1× | 17×-8.4× | 17.2×-11.5× | 20.7×-1.8× | 22.2×-1.1× | |
| Dividend yield | 4%+1.1pp | 4%+1.4pp | 3.7%+1.3pp | 3.1%0.0pp | 3%0.0pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- Where do Cohen & Steers's ratios come from?
- Every ratio is computed from Cohen & Steers's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
