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Data-driven stock valuation

Rafael Holdings, Inc. (RFL) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Rafael Holdings, Inc. stock $1.81, price $1.04, upside +74.1%, quality 40 out of 100. Rating: strongly undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Real Estate US

RH Rafael Holdings, Inc. logo Thin data Nov 8, 2026

Rafael Holdings, Inc.

RFL · US
Cheap, value-trap risk

The stock costs 43% less than our calculation considers fair.

Fair value $1.81 · Strongly undervalued
Low debt
Generates free cash flow
Even on cautious assumptions the value is 64% above the price ($1.71).
Quality 40/100
Weak Growth (revenue 5y +1.7 %/yr in USD)
Trails peers (3/9)
Narrow moat 6/100 · thin data
Thin data
⚠ Dilution
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$53.47 $1.00 Fair Value $1.81 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.

How to read this chart

60‑month range $1.00 – $53.47 · fair‑value band $1.71 – $1.89 · the $1.04 price screens below the $1.81 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.

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Company profile

Rafael Holdings, Inc. primarily engages in holding interests in clinical and early-stage pharmaceutical companies, and medical devices in the United States and Israel. It operates in three segments, Healthcare, Infusion Technology, and Real Estate.

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The company engages in the development and commercialization of therapies that exploit the metabolic differences between normal cells and cancer cells.

Its lead drug candidate is Trappsol Cyclo, which is in phase 3 clinical trial being evaluated for the potential treatment of Niemann-Pick Disease Type C1 (NPC1), a rare, fatal and progressive genetic disorder; and CPI-613 (devimistat), a stable analog of normally transient, acylated catalytic intermediates of lipoate, which is in phase II of clinical trial.

The company is also involved in developing Promitil, a molecule designed for the targeted delivery of mitomycin-C in a proprietary prodrug form, completed Phase 1A and 1B clinical studies targeting patients with advanced cancers.

In addition, it engages in the development of surgical and procedural devices, including orthopedic arthroscopy instrument for Carpal Tunnel syndrome. Rafael Holdings, Inc. was incorporated in 2017 and is headquartered in Newark, New Jersey.

Stock analysis

Rafael Holdings, Inc. (RFL) currently trades at $1.04, while our model-based Fair Value estimate is $1.81, implying the stock looks roughly 43% undervalued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of $3.39 per share, and 4 of the 6 models we run sit above the $1.04 price.

Bear case: the Multiples group reads lowest at $0.5400, and 2 of the 6 models stay below the price. Data coverage for this calculation is low.

Scenario range: $1.71 (bear) to $1.89 (bull), the price of $1.04 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 40/100 (below-average quality), in the Real Estate sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Rafael Holdings, Inc. reported revenue of $874K in FY2026 versus $410K in FY2022, a compound +20.8%/yr. Reported net income was −$29.6M in FY2026.

Key figures

Market cap $53.3M Micro · P/S ratio 64.5 · EPS (TTM) $−0.5800 · Return on equity −32.8% · Return on assets (EBIT) −47.1% (5-year average) · Operating margin −3,988% · Revenue (TTM) $874K · Revenue growth (YoY) −30.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 6 out of 100 (low confidence).

What moves the price

The share trades about 72% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at −16% fair-value upside, at 74%, RFL screens cheaper than that median.

Fair Value models

Bear $1.71 Fair Value $1.81 Bull $1.89
Price $1.04 · Upside +74.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF $2.69 $3.36 $4.47 82
Growth DCF $2.76 $3.39 $4.37 80
5Y Revenue Exit $1.48 $1.58 $1.71 74
All 6 models by family
DCF Models
FCF DCF $2.69 $3.36 $4.47 82
5Y Revenue Exit $1.48 $1.58 $1.71 74
10Y Revenue Exit $2.01 $2.13 $2.22 68
Multiples
EV/Revenue $0.5000 $0.5400 $0.5700 54
Asset-Based
NCAV (Graham) $0.1200 $0.1800 $0.2200 55
Growth DCF
Growth DCF $2.76 $3.39 $4.37 80

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 40/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 30
Are margins and returns getting better?
Cashflow 45
Do the profits arrive as real cash?
Financial strength 96
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 19
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 5
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Insider trades

In the last 6 months, no officer or director bought or sold shares on the open market.

Plus 5 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.

Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.

Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 20/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−4.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+46.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.7%
Start year 2021 (pandemic). Over 10 years: −16.9% a year
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−12.9%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−2,643.3% (2021) → −3,822.5% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−28.9%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −30.6% a year for the price.

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Price, fair value, quality and upside side by side.

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Real Estate Services · 472 stocks

Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score 40 · Bottom 25%
Fair Value upside +74.1% · Above median
Profitability
Return on assets −35.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −30.3% · Bottom 25%

Valuation Multiplesvs Real Estate Services median · lower = cheaper

P/B 0.80× · Pricier than median
P/S (12 months) 60.96× · Priciest 25%
Price / free cash flow (fiscal year) 3.7× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 55
FUTURE (revenue growth)0 · sector 19
PAST (return on equity)0 · sector 19
HEALTH (low debt)100 · sector 83
DIVIDEND (yield)0 · sector 66

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Vonovia SE VNA €16.90 €36.43 +116% vs RFL
Jones Lang LaSalle Incorporated JLL $370.80 $529.78 +43% vs RFL
China Resources Mixc Lifestyle Services Limited 1209 HK$41.64 HK$55.21 +33% vs RFL
Cellnex Telecom, S.A CLNX €26.68 €23.62 −11% vs RFL
Wharf Real Estate Investment Company 1997 HK$32.54 HK$27.21 −16% vs RFL
CBRE Group CBRE $135.51 $89.81 −34% vs RFL
KE Holdings BEKE $18.85 $7.33 −61% vs RFL
CapitaLand Investment Limited 9CI 2.36 SGD 0.7800 SGD −67% vs RFL
Swire Properties Limited 1972 HK$26.36 HK$5.88 −78% vs RFL
CoStar Group CSGP $30.55 $6.09 −80% vs RFL

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Rafael Holdings, Inc.: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Rafael Holdings, Inc. Fair Value". https://www.fairvalue-calculator.com/stock/RFL

Frequently asked questions

Is Rafael Holdings, Inc. (RFL) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $1.81 versus a price of $1.04, about +74% upside (undervalued).
What is the fair value of RFL?
Our model-based fair value for Rafael Holdings, Inc. is $1.81 (as of Nov 8, 2026), built from audited fundamentals. The current price: $1.04.
What is the quality score of RFL?
Rafael Holdings, Inc. has a Quality Score of 40/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Rafael Holdings, Inc. (RFL)?
Our model-based price target is the fair value of $1.81 (as of Nov 8, 2026) from 6 valuation models. Cautious scenario $1.71, optimistic scenario $1.89. It is a calculation from audited fundamentals, not an analyst target.
What is the Rafael Holdings, Inc. stock forecast for 2026?
Our models put fair value at $1.81, about +74% upside versus a price of $1.04 (undervalued). Cautious scenario $1.71, optimistic scenario $1.89. The calculation is refreshed regularly with new filings.
What is the revenue of Rafael Holdings, Inc. (RFL)?
Rafael Holdings, Inc. reported trailing-twelve-month revenue of about $874K (latest available figure, as of Nov 8, 2026).
What growth is priced into Rafael Holdings, Inc. (RFL)?
For today's price to be fair in a discounted-cash-flow model, Rafael Holdings, Inc. would have to grow free cash flow by -28.9 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.7 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of RFL use?
Our models discount Rafael Holdings, Inc. at 11.2 %: a base by market capitalisation (micro), damped by beta 0.34, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Rafael Holdings, Inc. that is -28.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has Rafael Holdings, Inc. (RFL) delivered so far?
Over the past 5 years revenue at Rafael Holdings, Inc. grew +1.7 % a year. The price currently implies free-cash-flow growth of -28.9 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Rafael Holdings, Inc. (RFL) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Rafael Holdings, Inc. (-28.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Rafael Holdings, Inc. (RFL)?
The free-cash-flow yield on the price is 26.88 %: that much free cash flow Rafael Holdings, Inc. produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Rafael Holdings, Inc. (RFL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Rafael Holdings, Inc. it is $1.81 per share (as of Nov 8, 2026), against a price of $1.04. It is the blended result of 6 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Rafael Holdings, Inc. stock overvalued or undervalued in 2026?
As of Nov 8, 2026, RFL trades below its calculated fair value: price $1.04, fair value $1.81, a gap of about +74% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of RFL?
No. The price is what the market pays today ($1.04); the fair value is what the company's own numbers justify ($1.81). For Rafael Holdings, Inc. the two are $0.7705 per share apart. That gap is exactly why we show both numbers side by side.
How much is Rafael Holdings, Inc. worth?
The market values Rafael Holdings, Inc. at about $53.3M (market capitalisation, as of Nov 8, 2026). Per share that is $1.04; our models calculate a fair value of $1.81 per share.
What do the bullish and bearish scenarios say about RFL?
Our models span a range for Rafael Holdings, Inc.: cautious scenario $1.71, base $1.81, optimistic $1.89 per share (as of Nov 8, 2026, price $1.04). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Rafael Holdings, Inc. (RFL)?
Balance-sheet figures for Rafael Holdings, Inc. (as of Nov 8, 2026): return on equity −32.8%. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is RFL from its 52-week high?
Rafael Holdings, Inc. trades at $1.04, about 72% below its 52-week high of $3.78 and 4% above the low of $1.00 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $1.81 is for.
Which stocks are comparable to Rafael Holdings, Inc.?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Rafael Holdings, Inc. stock attractive at the current price?
The data as of Nov 8, 2026: price $1.04, calculated fair value $1.81 (+74%), Quality Score 40/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of RFL calculated?
We run Rafael Holdings, Inc. through 6 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of $1.81 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Rafael Holdings, Inc. currently trades 43% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Rafael Holdings, Inc. (RFL)?
The closing price on Nov 6, 2026 was $1.04. Our model-based fair value is $1.81, about +74% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Rafael Holdings, Inc. right now?
The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case ($1.71). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. The models converge in a tight band ($1.71 to $1.89), unusually little disagreement for a valuation.

Key figures of Rafael Holdings, Inc.

How large is the market capitalisation of Rafael Holdings, Inc. (RFL)?
The market capitalisation of Rafael Holdings, Inc. is $53.3M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Rafael Holdings, Inc. (RFL)?
The price-to-sales ratio of Rafael Holdings, Inc. is 64.5 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Rafael Holdings, Inc. (RFL)?
Earnings per share at Rafael Holdings, Inc. are $−0.5800. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Rafael Holdings, Inc. (RFL)?
The return on equity (ROE) of Rafael Holdings, Inc. is −32.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Rafael Holdings, Inc. (RFL)?
On an EBIT basis the return on assets of Rafael Holdings, Inc. is −47.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Rafael Holdings, Inc. (RFL)?
The operating margin of Rafael Holdings, Inc. is −3,988% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Rafael Holdings, Inc. (RFL)?
Revenue at Rafael Holdings, Inc. is growing −30.3% versus a year earlier (3y avg +46.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does Rafael Holdings, Inc. (RFL) hold?
Rafael Holdings, Inc. holds more cash than debt, $21.5M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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