Added to YB: 2026-07-03
Pitch date: 2026-06-30
CSGP [bullish]
CoStar Group, Inc.
+3.11%
current return
Author Info
No bio for this author
Company Info
CoStar Group, Inc. provides information, analytics, and online marketplace services to real estate and related business communities in the United States, Australia, Canada, Europe, the Asia Pacific, and Latin America.
Market Cap
$11.6B
Pitch Price
$29.08
Price Target
N/A
Dividend
N/A
EV/EBITDA
36.95
P/E
472.87
EV/Sales
3.38
Sector
Real Estate Management and Development
Category
value
CoStar: Hated, Expensive-Looking, But Possibly Mispriced
CSGP: Down ~70% from highs on AI fears, weak bookings & Homes.com spend concerns. CRE segment alone (~20x NTM EBITDA) supports nearly all ~$12bn EV, so Residential (Apartments.com, Domain, OnTheMarket, Homes.com) is essentially free. Ramped buybacks signal undervaluation. Bull: durable CRE + free option on Residential (worth $9-10bn at 15x). Risk: founder Florance won't cut Homes.com (Loeb exited); early monetization only $106m ARR.
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