CBL And Associates Properties (CBL) Valuation Check After Recent Share Price Weakness

Simply Wall St

Sat, February 14, 2026 at 9:10 PM GMT+9 4 min read

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CBL

-3.63%

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Why CBL & Associates Properties Is On Investors’ Radar Today

With no single headline event driving attention, CBL & Associates Properties (CBL) has drawn interest as investors weigh its recent share performance, current valuation signals, and underlying real estate footprint.

The stock shows a 3.6% decline over the past day and a 3.8% decline over the past week, alongside a 7.4% decline over the past month, while the past 3 months show an 8.0% total return.

See our latest analysis for CBL & Associates Properties.

That recent softness in the share price, with a 1 month share price return of a 7.4% decline from US$35.05, sits against a 1 year total shareholder return of 15.8% and 3 year total shareholder return of 63.8%. This points to longer term momentum, while near term sentiment has cooled.

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With CBL trading below analyst price targets and an indicated intrinsic value, yet carrying solid multi year total returns, you have to ask: is this a genuine value gap, or is the market already pricing in future growth?

Price-to-Earnings of 8.7x: Is It Justified?

On a simple earnings lens, CBL & Associates Properties trades on a P/E of 8.7x, which sits well below many of its listed real estate peers.

The P/E ratio compares the current share price to the company’s earnings per share and is a common way investors weigh how much they are paying for each dollar of profit. For a retail focused REIT that owns and manages 88 properties and 53.9 million square feet across 22 states, this ratio helps you see how the market is currently valuing that income stream.

With CBL described as good value on a P/E of 8.7x against a US Retail REITs industry average of 27.8x, and also screening as attractive versus a peer average P/E of 71.7x, the market is assigning a clear discount to the company’s earnings. Whether you see that as appealing or as a signal that investors are cautious on debt levels, one off gains, or the quality of profits is the key judgment.

Compared with both its sector and peer group, the gap is wide, not marginal. This puts this valuation firmly in the “discounted versus others” bucket rather than a slight mispricing.

See what the numbers say about this price — find out in our valuation breakdown.

Result: Price-to-Earnings of 8.7x (UNDERVALUED)

However, you still need to weigh risks such as pressure on mall based tenants and any hit to rental income, which could quickly change how this discount looks.

La historia continúa  

Find out about the key risks to this CBL & Associates Properties narrative.

Another View: Cash Flows Point To A Deeper Discount

If you move away from the P/E and look at our DCF model instead, the picture gets even starker. CBL & Associates Properties trades at $35.05 while the SWS DCF model estimates future cash flows at $61.61, a 43.1% gap that the market is currently leaving on the table. So is this a cushion or a warning sign if cash flows disappoint?

Look into how the SWS DCF model arrives at its fair value.

CBL Discounted Cash Flow as at Feb 2026

Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out CBL & Associates Properties for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 53 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.

Build Your Own CBL & Associates Properties Narrative

If this view does not quite match your own or you would rather test the assumptions yourself, you can build a fresh thesis in just a few minutes by starting with Do it your way.

A great starting point for your CBL & Associates Properties research is our analysis highlighting 2 key rewards and 3 important warning signs that could impact your investment decision.

Looking for more investment ideas?

If CBL has sparked your curiosity, do not stop here. Broaden your watchlist with other angles that could sharpen your next investing move.

Target potential mispricings by checking our list of 53 high quality undervalued stocks, which currently screens as attractively priced against their fundamentals.

Prioritise financial strength by scanning companies in our solid balance sheet and fundamentals stocks screener (44 results) and focus on businesses with robust cash positions and manageable debt.

Hunt for off the radar opportunities through our screener containing 23 high quality undiscovered gems and see which under followed names stand out on quality metrics.

_ This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._

Companies discussed in this article include CBL.

Have feedback on this article? Concerned about the content? Get in touch with us directly._ Alternatively, email editorial-team@simplywallst.com_

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