CBIZ (CBZ)

Industrials · Specialty Business Services
$54.82 +0.04% on the day Market cap $3.2B 52-week range $24.29 to $56.41 Prices as of Oct 11, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Free cash flow growth the price needs
4% a year for 10 years

At a market value of $3.2B, CBIZ's free cash flow of $176M (fiscal 2025) would need to grow about 4% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 9 years.

Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from CBIZ's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.

Implied by the price3.7% a year
Free cash flow, last 9 years10.8% a year
Revenue, same period14.7% a year
Price to free cash flow18.1x

Fundamental grade

D

Five factors scored 1 to 9 from CBZ's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation6
Profitability4
Growth0
Financial health3
Cash efficiency4

Results from SEC filings

Fiscal years, from CBIZ's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.

Fiscal year20212022202320242025
Revenue$1.1B$1.4B$1.6B$1.8B$2.8B
Net income$71M$105M$121M$41M$115M
Free cash flow$122M$117M$130M$111M$176M
EPS (diluted)$1.32$2.01$2.39$0.78$1.83
Operating margin6.6%11.9%10.4%4.1%8.5%

Where the revenue comes from

Revenue by segments, fiscal 2025. Every breakdown, year by year.

Financial Services$2.3B83%
Benefits and Insurance Services$410M15%
National Practices$47M2%

Superinvestors who own CBZ

From each investor's latest 13F filing (what a 13F shows). 2 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Cliff Asness
AQR Capital Management
Added $23M0.01%Q2 2026
Joel Greenblatt
Gotham Asset Management
Added $1M0.00%Q2 2026

Insider buying

Open-market purchases by CBIZ's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you. Every purchase since records began.

DateInsiderSharesPriceValue
Mar 13, 2026 Brad S Lakhia
12,775$25.97$331,767
Nov 26, 2025 Brad S Lakhia
2,060$48.51$99,931

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

What growth does CBIZ's stock price imply?

At a market value of $3.2B, CBIZ would need its free cash flow to grow about 4% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 11% a year.

Are CBIZ insiders buying the stock?

2 open-market insider purchases of CBZ in the last 12 months, from SEC Form 4 filings.

Which superinvestors own CBIZ?

2 of the superinvestors Investingly tracks hold CBZ in their latest 13F, including Cliff Asness, Joel Greenblatt.

Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.