Is CIGI a good stock to buy? We came across a bullish thesis on Colliers International Group Inc. on X.com by @tomicki. In this article, we will summarize the bulls’ thesis on CIGI. Colliers International Group Inc.’s share was trading at $96.59 as of June 1st. CIGI’s trailing and forward P/E were 59.21 and 13.04 respectively according to Yahoo Finance.
Investments, Finance
Colliers International Group is a global real estate services firm that has quietly evolved into a three-engine professional services platform spanning Commercial Real Estate, Engineering, and Investment Management, yet the market continues to value it as a cyclical brokerage business. Approximately 70% of earnings now come from recurring and resilient revenue streams including engineering, project management, property management, loan servicing, valuation, and investment management, leaving capital markets brokerage as the primary cyclical exposure.
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The Investment Management division, anchored by Harrison Street, represents the crown jewel, with over 85% of assets in long-dated or perpetual capital, and a 2026 fundraising target of $6–9 billion, including nearly $1 billion already raised in Q1. Q1 2026 results reinforced momentum, with revenue up 15% to $1.31 billion, Adjusted EBITDA of $124.8 million, and Adjusted EPS of $0.91, while Capital Markets revenue grew 43% for a seventh consecutive quarter and Engineering expanded 23%, supporting management’s mid-teens growth outlook for revenue, EBITDA, and EPS.
Under founder Jay Hennick, disciplined capital allocation through accretive acquisitions such as Harrison Street, Maven, Englobe, and the pending Ayesa Engineering deal continues to structurally shift earnings toward recurring, higher-quality segments. Despite this transformation, valuation remains compressed at ~14.4x forward P/E and ~13.5x EV/EBITDA, broadly in line with cyclical peers like CWK and NMRK, and well below pure-play alternative asset managers trading at 18–25x EBITDA, implying meaningful rerating upside as the market gradually re-rates the business toward its higher-quality earnings mix.
While risks remain from cyclical exposure and integration complexity, Colliers increasingly resembles a diversified, high-quality professional services and alternative asset management platform, with upside potential driven by multiple expansion and continued growth in recurring fee-based earnings.
