GemstonePortfolioHow it worksUpdated 31 October 2026
CSGP
$30.17
Real Estate Real Estate Services $12.14B market cap
52% · PC · accumulation

Spring to $25.89 (29 Jul), back above $31.36, tested, weekly close $30.17, 34% of the range height below the $31.36 floor. Latest event: test of the spring (12 Aug, higher low $30.22 on 4.28M against 17.58M). Since then: 11 weeks (3 up, 8 down), last close $30.17.

Where the price sits in its own five-year history

$30.17
$25.89  five-year lowfive-year high  $100.38

5.7% of the way up its five-year range, 70% below the $100.38 high. 52-week range $25.89 to $70.76.

The base-formation model

The five steps a stock passes through when it stops falling, and which of them CSGP has printed.

PA
Stopping
100%
PSSCARST ×1
PB
Building
57%
DRY 34%×9wUA
PC
Testing
100%
SpringTest
PD
Strength
 
SOSLPSHL
PE
Markup
 
BUMarkup

The figures

Reported and measured figures for CSGP, in groups. The order inside each group changes on every visit.

Ownership

Calls held by institutions (13F), shares covered
2.82M
Puts held by institutions (13F), shares covered
1.16M
Insider filings, last 90 days
7
Institutional holdings, change last quarter
−2.7%

Valuation

Price to sales
3.37x
Price to book
1.52x
Price to free cash flow
34.7x

Balance sheet and forensic scores

Beneish M · earnings quality
−2.52
Piotroski F · financial health
6 / 9
Debt to equity
0.15
Quick ratio
1.32
Altman Z · bankruptcy risk
4.00

Five-year history

Revenue, five years ($M)
2,1822,4552,7363,2473,674
FY 2022FY 2023FY 2024FY 2025TTM Sep '26
Free cash flow, five years ($M)
385347−24541357
FY 2022FY 2023FY 2024FY 2025TTM Sep '26
Gross margin, five years
81.0%80.0%79.6%78.9%78.3%
FY 2022FY 2023FY 2024FY 2025TTM Sep '26

Price and trading

Price against its 200-day average
−17.7%
Short float
3.8%
Weekly RSI
42.1

Three signals, drawn at random on every visit from the 153 that ran today

Monthly RSI14 Confirmation · RSI-M Conf
29.1
One of 14 signals in the Bottom Fisher lens.
Sold some · Cut
4.2%
One of 16 signals in the Holders lens.
Do the Statements Agree · Spread
28.2x widest/narrowest · 1 sign flips
One of 11 signals in the Hallucination lens.

What this system can answer about CSGP right now

The questions that matter for a stock at this point in the process.

What runs behind one ticker

Typical figures, rounded. Each page prints its own count.

Step 1
Ticker Detail
~1,400calculations
Step 2
Buy Lens
~2,600calculations
Step 3
Tactical Bottom Absorption
~100,000calculations, one-week tick check
Step 4
Sell Lens
~280,000calculations
1,255 daily bars, five years~385,000 calculations in total, on this one stock

Posted analyses of CSGP

The latest analyses posted on CSGP, oldest first.

CSGP: the latest quarter is in line with the usual pattern

This compares Q3 FY26 with Q3 FY25 and judges each change against the company's own record.

  • Quarter: in line with the usual pattern
  • Moved: gross margin worse than usual, core operating margin better than usual and the balance sheet worse than usual
  • Watch: one-off items
Read the full article

Core operating margin rose 14.9 points year on year, against a usual fall of about 5.2 points. Gross margin fell 1.5 points year on year, against a usual fall of about 0.8 points. Net debt to annualised EBITDA went from -11.16x a year ago to 0.92x, beyond its usual swing of about 15.61x either way. The quarter pulls both ways, and on balance it stays close to the company's usual pattern.

Revenue growth and working capital moved in line with the usual pattern. Cash conversion could not be judged: there is not enough quarterly history.

One-off items appeared in 2 of the last 8 quarters. They are treated as one-offs and left out of operating profit here.

Using the latest three quarters instead of the last fiscal year, free cash flow rises from $357 million to $513 million, free-cash-flow yield rises from 2.9% to 4.1%, trailing-twelve-month operating margin rises from 5.8% to 7.8% and price to free cash flow falls from 34.7x to 24.1x.

EDGAR shows that revenue, operating income, net income and operating cash flow were restated in later filings.

The latest quarter confirms the annual picture.

How a fallen stock is read

Not where it will stop falling. Whether the market is losing its ability to push it lower.

1
The business
Five years of statements and three forensic scores. A failing company is out before the chart is read.
2
The fall
How far the price has left the business: its place in the five year range, against cash flow and value.
3
The selling
The heaviest selling, then the volume after it. Is each new wave still pushing price lower?
4
Absorption
Trade by trade: the selling keeps coming, price stops giving way, a new low is bought back.
5
The test
Price returns to the low. Do the sellers come back, or does the low hold on less selling?
6
The turn
Higher lows and a break out of the base. Then the Sell Lens names the price to sell at.

Each stage needs its own evidence, and the read says which one the evidence supports. Where a stage has not printed yet, it says not yet: missing evidence is never counted as confidence.