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Opendoor Technologies Inc (OPEN) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Opendoor Technologies Inc $6.90, price $2.58, upside +167.4%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Real Estate · US · ISIN US6837121036

OT Opendoor Technologies Inc logo Thin data Sep 23, 2026

Opendoor Technologies Inc

OPEN · US

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value $6.90 · Strongly undervalued (+167%)
!Quality 45/100
!Weak Growth (revenue 5y +11.1 %/yr)
!Loss-making · -35.3% net margin (TTM)
✓Moderate debt · generates free cash flow
!Trails peers (2/11)
!Narrow moat 8/100
!Insider activity 46/100
!Evidence only low, so the estimate is less certain
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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

$24.75 $0.5120 Fair Value $6.90 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range $0.5120 – $24.75 · fair‑value band $5.16 – $9.38 · the $2.58 price screens below the $6.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States. It buys and sells homes through online e-commerce platform. The company also resells the home to a home buyer.

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Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States. It buys and sells homes through online e-commerce platform. The company also resells the home to a home buyer. In addition, it offers real estate brokerage, title insurance and settlement, and escrow services, as well as property and casualty insurance, real estate licenses, and construction services. The company was formerly known as Social Capital Hedosophia Holdings Corp. II and changed its name to Opendoor Technologies Inc. Opendoor Technologies Inc. was incorporated in 2013 and is based in Tempe, Arizona.

Stock analysis

Opendoor Technologies Inc (OPEN) currently trades at $2.58, while our model-based Fair Value estimate is $6.90, implying the stock looks roughly 62.6% undervalued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of $15.54 per share, and 6 of the 7 models we run sit above the $2.58 price.

Bear case: the Asset-Based group reads lowest at $0.7000, and 1 of the 7 models stay below the price. Evidence for this calculation is low.

Scenario range: $5.16 (bear) to $9.38 (bull), the price of $2.58 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 45/100 (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.

Opendoor Technologies Inc reported revenue of $4.4B in FY2025 versus $8.0B in FY2021, a compound −14.1%/yr. Reported net income was −$1.3B in FY2025.

Key figures

Market cap $4.6B · P/S ratio 1.17 · EPS (TTM) $−1.76 · Net margin −29.7% · Return on equity −174% · Return on assets (EBIT) −10.5% · Operating margin −21.7% · Revenue (TTM) $3.9B.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).

What moves the price

The share trades about 72% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at −37% fair-value upside, at 167%, OPEN screens cheaper than that median.

Fair Value models

Bear $5.16 Fair Value $6.90 Bull $9.38
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.
Highest evidence
FCF DCF $12.17 $17.76 $25.61 80
Growth DCF $12.43 $17.49 $24.24 79
Rev-Margin DCF $10.24 $15.54 $21.40 73
All 7 models by family
DCF Models
FCF DCF $12.17 $17.76 $25.61 80
5Y Revenue Exit $10.24 $15.41 $21.79 72
10Y Revenue Exit $10.59 $15.32 $21.26 67
Multiples
EV/Revenue $9.67 $13.86 $18.06 53
Asset-Based
NCAV (Graham) $0.5200 $0.7000 $1.04 54
Growth DCF
Growth DCF $12.43 $17.49 $24.24 79
Rev-Margin DCF $10.24 $15.54 $21.40 73

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Quality Score breakdown

Overall quality 45/100

Of which business quality 53 · Market factors (momentum, volatility) 0

Profitability 25
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 93
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 5
Share count: buybacks or dilution?

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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. 40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−15.2%
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.
−34.5%
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.
+11.1%
Start year 2020 (pandemic)
Revenue growth 8 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.
+25.5%
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.
−7.2% (2020) → −6.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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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 · 546 stocks

Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 47 · Below median
Fair Value upside +167% · Top 25%
Profitability
Return on assets −8% · Bottom 25%
Net margin (TTM) −35% · Bottom 25%
Operating margin (TTM) −22% · Bottom 25%
Growth and dividend
Revenue growth −38% · Bottom 25%
Balance sheet
Debt / equity 1.06× · Highest 25%

Valuation Multiplesvs Real Estate Services median · lower = cheaper

P/B 4.57× · Priciest 25%
P/S (TTM) 1.17× · Cheaper than median
P/FCF 4.4× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 37
FUTURE (revenue growth)0 · sector 12
PAST (return on equity)0 · sector 16
HEALTH (low debt)47 · sector 83
DIVIDEND (yield)0 · sector 65

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.

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Vingroup Joint Stock Company VIC 236,000 VND 25,731 VND −89%
CBRE Group CBRE $141.05 $89.43 −37%
Vonovia SE VNA €17.37 €36.67 +111%
Cellnex Telecom, S.A CLNX €25.33 €23.78 −6%
KE Holdings 2423 HK$42.78 HK$17.18 −60%
Jones Lang LaSalle Incorporated JLL $335.36 $530.17 +58%
Swire Properties Limited 1972 HK$24.40 HK$13.50 −45%
CoStar Group CSGP $28.77 $6.17 −79%
China Resources Mixc Lifestyle Services Limited 1209 HK$37.44 HK$56.43 +51%
CapitaLand Investment Limited 9CI 2.62 SGD 0.5000 SGD −81%

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Opendoor Technologies Inc · Fair Value
$6.90 +63%Fair Value
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Cite: Fair Value Calculator (2026). "Opendoor Technologies Inc Fair Value". https://www.fairvalue-calculator.com/stock/OPEN

Frequently asked questions

Is Opendoor Technologies Inc (OPEN) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $6.90 versus a price of $2.58, about +167% upside (undervalued).
What is the fair value of OPEN?
Our model-based fair value for Opendoor Technologies Inc is $6.90 (as of Sep 23, 2026), built from audited fundamentals. The current price: $2.58.
What is the quality score of OPEN?
Opendoor Technologies Inc has a Quality Score of 45/100. 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 Opendoor Technologies Inc (OPEN)?
Our model-based price target is the fair value of $6.90 (as of Sep 23, 2026) from 7 valuation models. Cautious scenario $5.16, optimistic scenario $9.38. It is a calculation from audited fundamentals, not an analyst target.
What is the Opendoor Technologies Inc stock forecast for 2026?
Our models put fair value at $6.90, about +167% upside versus a price of $2.58 (undervalued). Cautious scenario $5.16, optimistic scenario $9.38. The calculation is refreshed regularly with new filings.
What is the revenue of Opendoor Technologies Inc (OPEN)?
Opendoor Technologies Inc reported trailing-twelve-month revenue of about $3.9B (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Opendoor Technologies Inc (OPEN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Opendoor Technologies Inc it is $6.90 per share (as of Sep 23, 2026), against a price of $2.58. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Opendoor Technologies Inc stock overvalued or undervalued in 2026?
As of Sep 23, 2026, OPEN trades below its calculated fair value: price $2.58, fair value $6.90, a gap of about +167% (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 OPEN?
No. The price is what the market pays today ($2.58); the fair value is what the company's own numbers justify ($6.90). For Opendoor Technologies Inc the two are $4.32 per share apart. That gap is exactly why we show both numbers side by side.
How much is Opendoor Technologies Inc worth?
The market values Opendoor Technologies Inc at about $4.6B (market capitalisation, as of Sep 23, 2026). Per share that is $2.58; our models calculate a fair value of $6.90 per share.
What do the bullish and bearish scenarios say about OPEN?
Our models span a range for Opendoor Technologies Inc: cautious scenario $5.16, base $6.90, optimistic $9.38 per share (as of Sep 23, 2026, price $2.58). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Opendoor Technologies Inc (OPEN)?
Balance-sheet figures for Opendoor Technologies Inc (as of Sep 23, 2026): return on equity −173.6%, debt of 1.06 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is OPEN from its 52-week high?
Opendoor Technologies Inc trades at $2.58, about 72% below its 52-week high of $9.37 and 1% above the low of $2.56 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $6.90 is for.
Which stocks are comparable to Opendoor Technologies Inc?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, Vonovia SE, Cellnex Telecom, S.A, 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 Opendoor Technologies Inc stock attractive at the current price?
The data as of Sep 23, 2026: price $2.58, calculated fair value $6.90 (+167%), Quality Score 45/100, from 7 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 OPEN calculated?
We run Opendoor Technologies Inc through 7 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $6.90, 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 14.1 % above its aggregate fair value. Opendoor Technologies Inc currently trades 167 % 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 Opendoor Technologies Inc (OPEN)?
The closing price on Sep 23, 2026 was $2.58. Our model-based fair value is $6.90, about +167% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Opendoor Technologies Inc right now?
The price is below even our cautious bear case ($5.16). 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. Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($5.16 to $9.38) leaves room in how you read the outcome.

Key figures of Opendoor Technologies Inc

How large is the market capitalisation of Opendoor Technologies Inc (OPEN)?
The market capitalisation of Opendoor Technologies Inc is $4.6B. 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 Opendoor Technologies Inc (OPEN)?
The price-to-sales ratio of Opendoor Technologies Inc is 1.17 (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 Opendoor Technologies Inc (OPEN)?
Earnings per share at Opendoor Technologies Inc are $−1.76. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Opendoor Technologies Inc (OPEN)?
The net margin of Opendoor Technologies Inc is −29.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Opendoor Technologies Inc (OPEN)?
The return on equity (ROE) of Opendoor Technologies Inc is −174% (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 Opendoor Technologies Inc (OPEN)?
On an EBIT basis the return on assets of Opendoor Technologies Inc is −10.5% (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 Opendoor Technologies Inc (OPEN)?
The operating margin of Opendoor Technologies Inc is −21.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Opendoor Technologies Inc (OPEN)?
Revenue at Opendoor Technologies Inc is growing −37.6% versus a year earlier (3y avg −34.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Opendoor Technologies Inc (OPEN) generate?
The free cash flow of Opendoor Technologies Inc is $1.0B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Opendoor Technologies Inc (OPEN) hold?
Opendoor Technologies Inc holds more cash than debt, $769M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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