QualityDipStocks / Real Estate · REITs
CBL & Associates Properties CBL
Outside our quality screen, so we don’t track its dips. It’s 16% below its 52-week high.
Outside our quality screen, 4% under its Market Value. No fair value estimate for now: there isn’t enough data.
- Fair value est.
- n/a
- Market Value
- $52.59price −4%
- Off 52-wk high
- −16%
- Risk vs market
- Lowbeta 0.12
52-week range 69% of the way from its 52-week low to its high
Price $50.52Market Value $52.59
5 bullish · 5 bearish See why
Repriced or dip?
Dip: business intact
The price is 16% below its 52-week high (Jul 28), but the business held up: earnings per share +21.1%, net cash (cash minus debt) +1.4% of market cap since the high.
Some numbers held up (earnings per share +21.1%, net cash (cash minus debt) +1.4% of market cap since the high), others slipped. The price is 16% below its 52-week high.
The price is 16% below its 52-week high, and the business changed too.
Within 10% of its 52-week high, so there is no dip to judge yet.
The evidence 8 numbers, high vs now
- Revenue, last 12 months$583M → $588M (+1.0%)about the same
- Revenue growth rate+10.3% → +9.0% a year (−1.3 pts)about the same
- Earnings per share, 12 months$5.58 → $6.75 (+21.1%)held up
- Shares outstanding+3.2% (more shares, each owns less)about the same
- Net cash (cash minus debt)+1.4% of market cap since the highheld up
- Stock vs its sector (Real Estate)stock −16%, sector median −8% since Jul 28held up
- Price fall vs business numbersprice −16%, revenue/EPS/FCF median +11% (shown, not scored)
- Valuation multipleP/E 10.8× at the high → 7.5× now (shown, not scored)
Business numbers as reported at the high (12 months to Mar 31, 2026) vs the latest filing (12 months to Jun 30, 2026). Each measure is scored from −1 (business changed) to +1 (business intact) and weighted: revenue, earnings per share, free cash flow, operating margin, revenue growth rate, share count, net cash and the move vs its sector. 60 or more reads as a dip, 40 or less as a repricing. Analyst estimates are not in our data, so they are not used. How to read it
Data-based read, not advice.
Priced in
How much growth the market assumed at the 52-week high, the low and today (a reverse DCF).
52-wk high: P/E 10.8×; 52-wk low: P/E 14.1×; now: P/E 7.5×.
| High | Low | Now | |
|---|---|---|---|
| Price | $60.05Jul 28 | $29.57Oct 31 | $50.52 |
| Implied growth | n/a | n/a | n/a |
| P/E | 10.8× | 14.1× | 7.5× |
| EV/Sales | 6.5× | 5.5× | 6.0× |
What this means: a lower P/E than at the high means you pay less for each dollar of profit than buyers did then.
How it’s computed
Reverse DCF: the same 10-year free-cash-flow model as our fair value estimate (9.5% discount rate, growth for years 1–5 fading to 3% by year 10, 3% after), solved for the growth that makes it equal the market value at each price. For the high and the low we use only the filings that were public on that day, so nothing from a later report leaks back. Market value = that close × diluted shares. P/E = market value / 12-month net income; Price / FCF = market value / 12-month free cash flow; EV / Sales = (market value + debt − cash) / 12-month revenue. Hidden when the share count moved over 20% (split, merger), free cash flow is negative, or the company reports in another currency.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
No estimate for CBL: Capital spending isn't tagged for the latest period in SEC XBRL data. We’d rather show nothing than a made-up number.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much CBL moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Has moved mostly independently of the market, but its own price swings are 2.3× the S&P 500’s (it moves on its own news).
- Beta vs S&P 500
- 0.12
- Volatility
- 29% vs 13% SPY
- Correlation SPY
- 0.05
- Correlation QQQ
- −0.04
Valuation details
MV $52.59 · FCF value $181.56
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 5 of 5
GrowthDiluted EPS grew 132% to $4.34 in FY2025.
ProfitabilityReturn on equity of 60% over the last 12 months, up 34 points in two years.
ValuationP/E of 7.5× vs a 25.2× median for the 90 Real Estate companies we cover.
Cash returnsDividend yield of 4.1% ($66M paid over 12 months, 31% of earnings).
ValuationTrades 3.9% below its Market Value of $52.59, the average price paid since the Aug 7 filing.
Top bearish points 5 of 5
Balance sheetNet debt of $1.9B, 121% of the market cap (Jun 30, 2026).
Balance sheetDebt is 4.8× shareholders’ equity.
GrowthSales grew 0.9% a year over the last three fiscal years, below the 6.7% median for the 105 Real Estate companies we cover.
QualityDoesn’t pass our quality screen: net debt 5.9× EBITDA (limit 3×).
RiskReports earnings Nov 5: results can move the price sharply and reset Market Value.
All fundamentals
P/E 7.5 · ROE 60% · Sales +9%
Valuation
- P/E
- 7.5×Real Estate median 25.2×
- Price / FCF
- n/anot reported in its SEC filings
- FCF yield
- n/anot reported in its SEC filings
- EV / EBITDA
- n/aD&A or debt not tagged in SEC data
- Price / sales
- 2.72×
- Price / book
- 3.74×
- Market cap
- $1.6Blisted
- Enterprise value
- $3.5B
Growth
- Revenue, 12 months
- $588M
- Sales growth, 12 months
- +9.0%vs the 12 months before
- Sales growth, 3 yrs
- +0.9%/yrfrom FY2022
- Diluted EPS, 12 months
- $6.94
- EPS growth, last FY
- +132.1%
- Net income, 12 months
- $214M
- Net income growth
- +233%12 months vs before
Profitability
- Gross margin
- n/agross profit isn't reported (common for service and financial companies)
- Operating margin
- n/anot reported in its SEC filings
- Net margin
- 36.4%
- FCF margin
- n/anot reported in its SEC filings
- Return on equity
- 60%
- Return on invested capital
- n/aoperating income, debt, equity or cash not tagged
Balance sheet
- Cash & short-term inv.
- $101M
- Total debt
- $2.0B
- Net cash
- −$1.9B
- Debt / equity
- 4.76×
- Interest coverage
- n/ainterest expense not tagged in SEC data
Cash flow & returns
- Free cash flow, 12 months
- n/anot reported in its SEC filings
- FCF growth, 12 months
- n/anot reported in its SEC filings
- Dividend yield
- 4.14%$66M paid
- Payout ratio
- 31%
- Buybacks, 12 months
- $19M1.2% of market cap
- Share count, 1 year
- +0.6%diluted shares vs a year ago
- Stock-based comp
- $13M
Trailing 12 months to Jun 30, 2026; balance sheet at Jun 30, 2026. From CBL & Associates Properties’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $0.2B · Sales +4%
- Free cash flow, 12 months$0.2B
- Free-cash-flow yield14.4%
- Free-cash-flow margin38%
- Gross margin65%
- Operating margin30%
- Return on invested capital6%
- Return on equity62%
- Sales growth (latest quarter vs year-ago quarter)+4%
- Net debt / EBITDA5.9×
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $50.52
- 52-wk lowlowest close, 1 year$29.57−41.5%
- PriceMon Nov 2 close$50.52you are here
- Market Valueavg paid since Aug 7$52.59+4.1%
- 52-wk highhighest close, 1 year$60.05+18.9%
Momentum & 52-week range
RSI 50 · 5 days +1.6%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Next report
Nov 5
- DateThu Nov 5, after the close
- Year-ago EPS$1.55
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
CBL is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on CBL & Associates Properties in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 5:14 PM ET.
Compare with peers
Closest in size in REITs
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.