Is Cushman & Wakefield Plc overvalued or undervalued?

As of 13 August 2025, the valuation grade for Cushman & Wakefield Plc has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 12, a Price to Book Value of 1.33, and an EV to EBITDA ratio of 3.31. In comparison to peers, Jones Lang LaSalle, Inc. has a significantly higher P/E of 25.21, while Howard Hughes Holdings, Inc. shows a more favorable EV to EBITDA of 4.78.
Despite the fair valuation, Cushman & Wakefield Plc has demonstrated strong performance, with a year-to-date return of 28.98%, significantly outpacing the S&P 500's 12.22% during the same period. However, over the longer term, the company's 3-year return of 19.99% lags behind the S&P 500's impressive 70.41%, suggesting potential challenges ahead.