CSGP
CoStar Group, Inc.

CoStar Group, Inc.CSGP

Real Estate · Real Estate Services
30.55USD
-4.68%
Nov 08, 2026
CSGP overview ready
Integrated Operator of Commercial and Residential Real Estate Intelligence Platforms
CoStar is a direct, multi-vertical platform operator: it sells commercial-property data and analytics subscriptions while operating advertising- and lead-generation marketplaces for commercial listings, apartments, residential homes, land, and related real-estate workflows.
Theme not measured
Real-Estate Platforms has no leadership state this session.
Price trend is broken
Longer-term context reads early recovery, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Unremarkable fundamentals
Primary risk
Real estate market downturns reducing demand.
Market Nov 6Filing Sep 30Price action Nov 7Research Oct 25

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction3.4BusinessPerformance5.0BusinessQuality6.5Valuation3.7ThemeMomentum—Mixed — Revenue is still growing (+14% YoY), but growth has slowed for 2 consecutive quarters, down from +23%. Earnings turned positive: diluted EPS of $0.18 against a loss of -$0.07 a year earlier. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Real-Estate Platforms — Real-Estate Platforms is tracked (3–4 priced members) — too few for a leadership state
Its economic family, Consumer & Internet, reads Improving (+6.0pp vs SPY) — the family’s reading, not this theme’s.
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads early recovery, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$12.3B
Avg Volume (60D)
6.4M
60 sessions
Revenue Growth YoY
+18.7%
FY2025 vs FY2024
Gross Margin
+78.3%
Trailing twelve months
Operating Margin
+5.8%
Trailing twelve months
Free Cash Flow Yield
+3.4%
Distance from 200DMA
-14.8%
P/E
68.7x
EV / EBITDA
22.9x
EV / Sales
3.5x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Mixed

Revenue is still growing (+14% YoY), but growth has slowed for 2 consecutive quarters, down from +23%. Earnings turned positive: diluted EPS of $0.18 against a loss of -$0.07 a year earlier.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthSlowing
+14%
$952M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. n/a
  2. +23%
  3. +18%
  4. +14%
Earnings growthTurned profitable
$0.18
Diluted EPS $0.18 vs -$0.07 a year earlier · GAAP
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Operating marginExpanding
8.8%
+14.9 pp YoY · gross margin 77.8% (-1.5 pp)

Business Quality

6.5 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

One of the two valuation perspectives says fair; own history is the dissenting view.
CoStar Group, Inc. has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

Company Research

Thesis
CoStar is a direct, multi-vertical platform operator: it sells commercial-property data and analytics subscriptions while operating advertising- and lead-generation marketplaces for commercial listings, apartments, residential homes, land, and related real-estate workflows.
Opportunity
Moderate opportunity
Real estate platforms combining proprietary property data, search and listing marketplaces, workflow tools, and advertiser or subscription monetization across commercial, rental, and residential markets.
Key risk
Real estate market downturns reducing demand.

Economic classification

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Business & Markets

Real Estate · Real Estate Services
What they do

CoStar Group, Inc. operates digital platforms providing real estate information, analytics, and online marketplaces across multiple global regions, serving commercial and residential property markets.

How it earns

The company primarily generates revenue through subscription-based access to its proprietary real estate data and marketplace services.

Products & services
CoStar Property inventory database
CoStar Leasing lease transaction data and management tools
CoStar Sales commercial real estate sales database
CoStar Owners portfolio information
CoStar Markets market intelligence
Customers & end markets
Commercial real estate professionals
Property owners and managers
Real estate brokers and agents
Residential rental and home search users
Market position

Market leader in commercial real estate data and digital marketplace services with broad geographic coverage and proprietary datasets.

Demand drivers
Medium cyclicality

Demand for real estate data and listings is influenced by real estate market cycles and economic conditions.

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