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AMREP Corporation (AXR) Fair Value & Analysis

Real Estate · US · Market cap $133M

AC AMREP Corporation logo AMREP Corporation AXR · US
Price$22.35
Fair Value$26.39
Upside+18.1%
Quality73/100
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Mixed Growth
Highly profitable · 24.4% net margin
Low debt · generates free cash flow
Ranks above peers (10/14)
Moderate moat 60/100
Evidence: High Range $21.97 – $31.05 Share as image

Fair value as of: Jul 24, 2026

From 22 valuation models · updated 17 days ago

Share price −12.2% over the past month.

A solid business, screening 18% undervalued on our models.

What matters now

  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
  • Our model range runs from $21.97 (bear) to $31.05 (bull), base $26.39. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 73/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

$38.50 $9.99 Fair Value $26.39 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range $9.99 – $38.50 · fair‑value band $21.97 – $31.05 · the $22.35 price screens below the $26.39 fair value. Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

AMREP Corporation (AXR) currently trades at $22.35, while our model-based Fair Value estimate is $26.39, implying the stock looks roughly 18.1% undervalued today. The Quality Score stands at 73/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, AMREP Corporation generated revenue of $53.0M at a net margin of 24.4%. Revenue grew 93.8% year over year. It earns a return on equity of 9.8%. The balance sheet holds a net cash position of $39.9M. Fundamentals as of Jul 24, 2026

Our scenario range runs from $21.97 (bear case) to $31.05 (bull case); at $22.35, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 23% below its 52-week high and 27% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at 18%, AXR screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF $21.00 $24.21 $28.98 80
Residual Income $19.22 $20.42 $22.23 76
Rev-Margin DCF $19.46 $24.39 $30.51 74
All 22 models by family
DCF Models
FCF DCF $20.67 $24.09 $29.58 38
Owner Earnings $24.29 $28.64 $35.64 31
5Y Revenue Exit $19.46 $24.02 $30.62 39
5Y EBITDA Exit $23.93 $31.74 $42.08 41
5Y P/E Exit $30.76 $43.54 $58.76 38
10Y Revenue Exit $19.75 $22.79 $25.97 36
10Y EBITDA Exit $22.30 $26.87 $31.71 37
10Y P/E Exit $25.84 $33.10 $40.05 35
Earnings-Based
Graham-Dodd $16.30 $19.92 $22.41 54
EPV $22.19 $23.95 $25.38 59
Multiples
P/E Multiple $37.75 $50.33 $62.92 63
P/S Multiple $14.05 $18.73 $23.42 58
P/B Multiple $30.56 $40.75 $50.93 55
EV/EBIT $36.62 $46.32 $56.01 53
EV/EBITDA $30.10 $37.63 $45.15 54
EV/Revenue $19.32 $24.38 $29.44 43
Asset-Based
NCAV (Graham) $12.25 $16.41 $24.50 50
Growth DCF
Growth DCF $21.00 $24.21 $28.98 80
Rev-Margin DCF $19.46 $24.39 $30.51 74
Economic Profit
Residual Income $19.22 $20.42 $22.23 76
ROIC Compounder $22.19 $23.95 $25.57 72
Growth Earnings
Growth-Adj P/E $26.66 $38.08 $49.51 68

Widest divergence: Growth Earnings ($38.08) versus Asset-Based ($16.41). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $53.0M
Revenue growth (YoY) +93.8%
Net margin 24.4%
Return on equity 9.8%
Free cash flow $9.7M FY2025
P/E ratio 10.4
More key figures
Operating margin 20.6%
EPS (TTM) $2.41
EPS growth (YoY) +346%
Net cash $39.9M FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 73/100

Of which business quality 72 · Market factors (momentum, volatility) 40

Profitability 54
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 41
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 38
Distance to the 52-week high (market factor)
Net Issuance 88
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

AMREP Corporation, through its subsidiaries, engages in the real estate business in the United States. It operates through two segments, Land Development and Homebuilding.

Full company description

AMREP Corporation, through its subsidiaries, engages in the real estate business in the United States. It operates through two segments, Land Development and Homebuilding. The company offers land development services, including land and site planning, obtaining of governmental and environmental approvals, installing of utilities and storm drains, ensuring availability of water services, building or improving of roads for land development services, and constructing community amenities; and landscaping services to homebuilders, as well as acquiring lands, and selling of developed and undeveloped lots to homebuilders, and commercial and industrial property developers through brokers. It also builds and sells single-family detached homes and attached homes; offers various home floor plans and elevations; and provides built-to-order homes. In addition, the company owns certain minerals and mineral rights in and under approximately 55,000 surface acres of land in Sandoval County, New Mexico. AMREP Corporation was incorporated in 1955 and is based in Havertown, Pennsylvania.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

AMREP Corporation reported revenue of $49.7M in FY2025 versus $40.1M in FY2021, a compound +5.5%/yr. Reported net income was $12.7M in FY2025, compounding +14.5%/yr from FY2021.

Growth Quality 89/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$49.7M
Latest YoY
−3.3%
Avg. growth/yr (3Y) 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.
−7.3%
Avg. growth/yr (5Y) 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.
+21.5%
Avg. growth/yr (39Y) 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.
−1.8%
Revenue +5.5%/yr
FY21 $40.1M
FY22 $62.5M
FY23 $48.7M
FY24 $51.4M
FY25 $49.7M
Net income +14.5%/yr
FY21 $7.4M
FY22 $15.9M
FY23 $21.8M
FY24 $6.7M
FY25 $12.7M

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Cite: Fair Value Calculator (2026). "AMREP Corporation Fair Value". https://www.fairvalue-calculator.com/stock/AXR

Peer Group

Real Estate - Development · 588 stocks

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.

Quality Score 73 · Top 25%
Fair Value upside +18% · Above median
Return on equity (TTM) 10% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 24% · Top 25%
Operating margin (TTM) 21% · Above median
Revenue growth 94% · Top 25%

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 10.4× · Cheaper than median
P/B 1.02× · Pricier than median
P/S (TTM) 2.51× · Pricier than 75% of peers
P/FCF 13.7× · Pricier than 75% of peers
EV/EBITDA 6.6× · Cheaper than median
PEG 1.55× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 57 · sector 48
FUTURE 100 · sector 0
PAST 39 · sector 10
HEALTH 100 · sector 84
DIVIDEND 0 · sector 38

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

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Frequently asked questions

Is AMREP Corporation (AXR) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of $26.39 versus a price of $22.35, about +18% (undervalued).
What is the fair value of AXR?
Our model-based fair value for AMREP Corporation is $26.39 (as of Jul 24, 2026), built from audited fundamentals. The current price is $22.35.
What is the quality score of AXR?
AMREP Corporation has a Quality Score of 73/100. 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 revenue of AMREP Corporation (AXR)?
AMREP Corporation reported trailing-twelve-month revenue of about $53.0M (latest available figure, as of Jul 24, 2026).
What is the net profit margin of AXR?
The net profit margin of AMREP Corporation is about 24.4%, meaning it keeps roughly 24.4% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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