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→Stable
- Deep Value Compressed Multiple→Stable
- Earnings Beat Capability→Stable
- +2 more pillars — see the Why tab for full reasoning
CBIZ, Inc. (CBZ) Stock Analysis
Recovery setup · Catalyst-Driven edge
Industrials · Specialty Business Services
Sell if holding. At $35.12, A.R:R 0.2:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 3.5%; Leverage penalty (D/E 1.1): -0.5.
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. At $35.12, A.R:R 0.2:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 3.5%; Leverage penalty (D/E 1.1): -0.5. Chart setup: Death cross but MACD improving, RSI 53. Score 5.5/10, moderate confidence.
Passes 7/9 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 25d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: speculative.
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 2026-07-06Recent Developments — CBIZ, Inc.
Latest news
- NEWS CBZ Initiated Coverage by Barrington Research -- Rating Set to O - GuruFocus — GuruFocus positive
- NEWS CBIZ Inc (CBZ) Valuation: PE, PB & Fair Value Analysis - TradingKey — TradingKey neutral
- NEWS CBIZ stock jumps 7.48 percent as cbz promotes managed services for execution consistency - Traders Union — Traders Union positive
- NEWS CBIZ stock falls 3.33 percent as cbz promotes construction risk checklist amid continued decline - Traders Union — Traders Union negative
- NEWS Barrington Research Initiates Coverage On CBIZ with Outperform Rating, Announces Price Target of $45 — benzinga Jun 24, 2026 positive
Generated 2026-07-06T04:40:26Z.
Upcoming dated catalysts
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Quality Signals
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Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
2 floor-breakers
Technicals 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
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. At $35.12, A.R:R 0.2:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 3.5%; Leverage penalty (D/E 1.1): -0.5. Chart setup: Death cross but MACD improving, RSI 53. Prior stop was $32.66. Score 5.5/10, moderate confidence.
Take-profit target: $36.37 (+3.6% upside). Prior stop was $32.66. Stop-loss: $32.66.
Thin upside margin: 3.5%; Leverage penalty (D/E 1.1): -0.5; Elevated risk factors.
CBIZ, Inc. trades at a P/E of 13.8 (forward 7.8). TrendMatrix value score: 7.8/10. Verdict: Sell.
9 analysts cover CBZ with a consensus score of 3.9/5. Average price target: $42.
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.