Cohen & Steers (CNS) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Cohen & Steers

NYSE•Financial Services•Asset Management

$73.10-1.28(-0.02%)Pre-market

Market Cap

$3.77B

P/E

22.3x

P/S

6.3x

P/B

6.2x

Cohen & Steers, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries. The firm launches and manages equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries. Through its subsidiaries, it also launches and manages hedge funds. The firm invests in public equity, fixed income, and commodity markets across the globe through its subsidiaries. Through its subsidiaries, it invests in companies operating in the real estate sector, including real estate investment trusts, infrastructure sector, and natural energy resources sector for its equity and fixed income investments. The firm also invests in preferred securities for its fixed income investments through its subsidiaries. The firm is a leading global investment manager specializing in real assets and alternative income, including real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Cohen & Steers, Inc. was founded in 1986 and is based in New York.

How this company scores

AverageMetricSide Score: 48/100

Strongest: Profitability (16/25); weakest: Growth (3/25).

Profitability16/25

Growth3/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality14/25

Strengths

Strong marginsHigh ROEInterest easily coveredNet cash position

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 22.3x5y range 15.1x – 36.5x

Currently near its 20-quarter median.

P/S · 6.3x5y range 5.0x – 9.8x

Currently near its 20-quarter median.

P/B · 6.2x5y range 5.6x – 17.5x

Currently below its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

FCF consistently trails net income (avg -0.3x) — earnings may be inflated by non-cash items or aggressive accounting.

Revenue Decline

Red Flag

TTM revenue has contracted 12.3% — significant decline indicating deteriorating demand.

Cash Burn

Watch

FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.

Share Dilution

Watch

Shares outstanding rose 2.3% — mild dilution. Compare to earnings growth to assess the net per-share impact.

Price & Volume

Market Cap $3.77B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $599.60M
Q. Revenue: $157.43M
TTM EBITDA: $204.64M
TTM Op. Income: $194.27M
Q. Op. Income: $51.06M
TTM Net Income: $168.83M
Q. Net Income: $42.24M
EPS: $0.82
Shares Out.: $51.57M

$599.60M in TTM revenue declined 11.1% YoY, reaching $157.43M last quarter. TTM EBITDA of $204.64M and TTM operating income of $194.27M show growth is flowing through to the bottom line. TTM net income of $168.83M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 34.1%
Op. Margin: 32.4%
Net Margin: 26.8%

Op. margin of 32.4% is down 2.1% YoY — costs are rising relative to revenue. Net margin at 26.8% Over the past year, operating margin is down 6% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 22.3x
P/S Ratio: 6.3x
P/B Ratio: 6.2x

At 22.3x P/E, the stock trades within typical market levels. P/S of 6.3x and P/B of 6.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 30% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $979.82M
Cash: $66.12M
Long-Term Debt: N/A
Book Value: $607.68M
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $20.86M
TTM Free Cash Flow: $35.76M
FCF Margin: 6.0%
FCF / Net Income: 0.2

TTM FCF of $35.76M on $20.86M in operating cash flow. The FCF / Net Income ratio of 0.2x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is up 138% — a weakening trend.