CBIZ trades at a compelling valuation with strong earnings delivery and superior cash conversion, but the stock is in a confirmed price downtrend with elevated leverage and hedging activity — the technical setup must stabilize before the valuation case can be acted upon.
Thesis pillars
- Confirmed Downtrend Falling Volume↓Deteriorating
- Deep Value Compressed Multiple→Stable
- Earnings Beat Capability↓Deteriorating
- +2 more pillars — see the Why tab for full reasoning
CBIZ, Inc. (CBZ) Stock Analysis
Range Bound setup
Industrials · Specialty Business Services
Sell if holding. Engine safety override at $54.60: Quality below floor (3.4 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.4/10. Specifically: Below-average business quality; Negative price momentum.
CBIZ provides professional services — accounting, tax, advisory, benefits, and insurance — to middle-market businesses across more than 140 locations in 23 major U.S. markets. In 2025, total revenue was $2.76 billion, with the Financial Services segment contributing 83.4%... Read more
Sell if holding. Engine safety override at $54.60: Quality below floor (3.4 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.4/10. Specifically: Below-average business quality; Negative price momentum. Chart setup: RSI 50 mid-range, Bollinger mid-band. Score 4.4/10, moderate confidence.
Passes 6/8 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity 43d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: aggressive.
About CBIZ, Inc.
About CBIZ, Inc.
CBIZ generated $2.76 billion in total revenue in 2025, with the Financial Services segment — accounting, tax, advisory, and technology — contributing $2.30 billion or 83.4% of total, up from 75.1% in 2024 following the Marcum non-attest acquisition. Benefits and Insurance Services contributed $409.6 million (14.9%) and National Practices $46.9 million (1.7%). The company employs more than 9,500 people across more than 140 locations in 23 major markets, with no unionized workforce disclosed.
CBIZ earns revenue through direct professional services fees and through Administrative Service Agreements (ASAs) with four independent CPA firms — principally CBIZ CPAs, P.C. (formerly Mayer Hoffman McCann, P.C., with 421 stockholders) — under which CBIZ provides staffing, office management, and administrative support in exchange for fees. ASA fees totaled approximately $651.2 million in 2025, up from $306.5 million in 2024, with the majority of revenues related to privately-held clients and governmental agencies. The Financial Services segment also includes government health care consulting through Myers and Stauffer LC, an independent national CPA firm with 43 equity members. The National Practices segment derives all revenue from a single client under a cost-plus contract expiring December 31, 2028. Core accounting and tax revenue is front-loaded — most annual EPS is earned in the first half of the year during tax season — while Benefits and Insurance Services revenue is more stable across quarters.
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CBIZ faces a distinctive regulatory constraint: the SEC classifies the company as an associated entity of its ASA-linked CPA firms, prohibiting it from providing services to or holding interests in those firms' SEC-reporting attest clients. The Marcum integration significantly increased the number of CBIZ CPAs' SEC-reporting attest clients, and CBIZ CPAs is now subject to annual PCAOB inspection following prior PCAOB and SEC sanctions against Marcum for quality control failures. If independence conflicts cannot be managed, ASA fee revenue — approximately $651.2 million in 2025 — could be curtailed, making the continuation of ASA relationships a material operational dependency the 10-K explicitly identifies as a risk.
See also: Industrials · Specialty Business Services
From CBIZ, Inc.'s most recent 10-K filing, extracted June 9, 2026.
Recent developments
updated 2026-09-14Recent Developments — CBIZ, Inc.
Latest news
- NEWS CBIZ Stock (CBZ) Opinions on Earnings Recovery and Valuation - Quiver Quantitative — Quiver Quantitative positive
- NEWS CBZ Looks 37.1% Undervalued on GF Value™ - GuruFocus — GuruFocus positive
- NEWS CBZ Stock Alert: Halper Sadeh LLC is Investigating Whether CBIZ, Inc. is Obtaining a Fair Price for its Shareholders - B — Business Wire negative
- NEWS CBIZ (CBZ) Surpasses Q2 Earnings Estimates - Yahoo Finance — Yahoo Finance positive
- NEWS CBZ Initiated Coverage by Barrington Research -- Rating Set to O - GuruFocus — GuruFocus positive
Generated 2026-09-14T22:12:02Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
4 floor-breakers
Revenue shrinking — -0.2% YoY. Growth thesis broken unless recovery story develops.static
Quality below the gate floor. Component breakdown shows what dragged the score down.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $54.60: Quality below floor (3.4 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.4/10. Specifically: Below-average business quality; Negative price momentum. Chart setup: RSI 50 mid-range, Bollinger mid-band. Prior stop was $54.12. Score 4.4/10, moderate confidence.
Take-profit target: $62.79 (-19.6% upside). Prior stop was $54.12. Stop-loss: $54.12.
Target reached (-19.6% upside); Quality below floor (3.4 < 4.0); Value-trap signals (2/5): High leverage (D/E 1.9), Negative free cash flow.
CBIZ, Inc. trades at a P/E of 26.2 (forward 12.8). TrendMatrix value score: 6.1/10. Verdict: Sell.
9 analysts cover CBZ with a consensus score of 3.9/5. Average price target: $52.
What does CBIZ, Inc. do?CBIZ provides professional services — accounting, tax, advisory, benefits, and insurance — to middle-market businesses...
CBIZ provides professional services — accounting, tax, advisory, benefits, and insurance — to middle-market businesses across more than 140 locations in 23 major U.S. markets. In 2025, total revenue was $2.76 billion, with the Financial Services segment contributing 83.4% following the Marcum non-attest business acquisition that closed in 2024. Benefits and Insurance Services contributed 14.9% and National Practices 1.7%, the latter serving a single client under a cost-plus contract.