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REA Group (REA) Fair Value & Analysis

Communication Services · AU · Market cap A$19.5B

RG REA Group REA · AU
PriceA$172.03
Fair ValueA$88.53
Upside-48.5%
Quality71/100
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Healthy Growth
Highly profitable · 29.3% net margin
Low debt · generates free cash flow
1.77% dividend yield
Mixed vs. peers (7/15)
Wide moat 94/100
Evidence: High Range A$67.08 – A$186.67 Share as image

Fair value as of: Jul 12, 2026

From 24 valuation models · updated 26 days ago

Fair value updated Jul 12, 2026, revised from A$85.99 to A$88.53 (+3.0%) since Jun 24, 2026. Share price +16.8% over the past month.

A solid business, but screening 49% overvalued on our models.

What matters now

  • A high-quality business (quality 71/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The model range is unusually wide (A$67.08 to A$186.67). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

A$270.76 A$91.09 Fair Value A$88.53 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range A$91.09 – A$270.76 · fair‑value band A$67.08 – A$186.67 · the A$172.03 price screens above the A$88.53 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

REA Group (REA) currently trades at A$172.03, while our model-based Fair Value estimate is A$88.53, implying the stock looks roughly 48.5% overvalued today. We read business quality at 71/100 (solid quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, REA Group generated revenue of A$2.0B at a net margin of 29.3%. Revenue grew 6.1% year over year. It earns a return on equity of 28.4%. The balance sheet holds a net cash position of A$358M. Fundamentals as of Jul 12, 2026

Our scenario range runs from A$67.08 (bear case) to A$186.67 (bull case); at A$172.03, 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 34% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 2% fair-value upside, at -49%, REA 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 BearBaseBull Evidence
Highest evidence
Growth DCF A$64.54 A$124.20 A$237.23 80
Residual Income A$38.77 A$55.65 A$561.24 76
Rev-Margin DCF A$40.80 A$71.35 A$116.54 74
All 24 models by family
DCF Models
FCF DCF A$67.41 A$112.04 A$238.27 38
Owner Earnings A$84.35 A$186.69 A$400.54 31
5Y Revenue Exit A$40.80 A$67.77 A$118.19 39
5Y EBITDA Exit A$70.33 A$132.03 A$242.24 41
5Y P/E Exit A$75.94 A$155.54 A$257.71 38
10Y Revenue Exit A$47.50 A$83.37 A$124.87 36
10Y EBITDA Exit A$69.30 A$138.78 A$264.72 37
10Y P/E Exit A$73.25 A$149.31 A$279.56 35
Earnings-Based
Graham-Dodd A$35.23 A$243.54 A$341.64 54
Lynch FV A$71.76 A$102.52 A$133.27 50
PEG = 1.0 A$71.76 A$102.52 A$133.27 46
EPV A$43.61 A$50.33 A$56.22 59
Multiples
P/E Multiple A$77.71 A$103.61 A$129.51 63
P/S Multiple A$27.63 A$36.84 A$46.05 58
P/B Multiple A$32.87 A$43.83 A$54.79 55
EV/EBIT A$85.42 A$112.80 A$140.18 53
EV/EBITDA A$72.99 A$96.22 A$119.46 54
EV/Revenue A$29.07 A$40.12 A$51.17 43
Asset-Based
NCAV (Graham) A$7.31 A$9.79 A$14.61 50
Growth DCF
Growth DCF A$64.54 A$124.20 A$237.23 80
Rev-Margin DCF A$40.80 A$71.35 A$116.54 74
Economic Profit
Residual Income A$38.77 A$55.65 A$561.24 76
ROIC Compounder A$51.67 A$70.46 A$95.39 72
Growth Earnings
Growth-Adj P/E A$96.47 A$137.81 A$179.15 68

Widest divergence: Growth Earnings (A$137.81) versus Asset-Based (A$9.79). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) A$2.0B
Revenue growth (YoY) +6.1%
Net margin 29.3%
Return on equity 28.4%
Free cash flow A$537M FY2025
P/E ratio 36.6
More key figures
Operating margin 47.5%
EPS (TTM) A$4.34
Dividend yield 1.7%
EPS growth (YoY) -23.8%
Net cash A$358M FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 71/100

Of which business quality 83 · Market factors (momentum, volatility) 38

Profitability 89
Margins and returns on capital today
Quality Growth 88
Are margins and returns improving?
Cashflow 77
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 62
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 82
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

REA Group Limited, together with its subsidiaries, engages in online property advertising business in Australia, Asia, and North America It provides property and property-related services on websites and mobile applications.

Full company description

REA Group Limited, together with its subsidiaries, engages in online property advertising business in Australia, Asia, and North America It provides property and property-related services on websites and mobile applications. The company operates residential, commercial, and share property sites, such as realestate.com.au, realcommercial.com.au, flatmates.com.au, property.com.au, housing.com, makaan.com, proptiger.com, and realtor.com. It is also involved in the provision of mortgage brokerage and home financing solutions; property data services; mortgage application and e-lodgement solutions for the broking and lending industries; commercial real estate information and technology; vendor paid advertising; digital non-bank lending solutions; and home loans. The company was formerly known as realestate.com.au Ltd. and changed its name to REA Group Limited in December 2008. REA Group Limited was incorporated in 1995 and is headquartered in Richmond, Australia. REA Group Limited operates as a subsidiary of News Corporation.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

REA Group reported revenue of A$1.9B in FY2025 versus A$1.0B in FY2021, a compound +17.7%/yr. Reported net income was A$678M in FY2025, compounding +20.4%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
A$1.9B
Latest YoY
+15.0%
Avg. growth/yr (3Y)
+10.5%
Avg. growth/yr (5Y)
+16.9%
Avg. growth/yr (25Y)
+30.8%
Revenue +17.7%/yr
FY21 A$1.0B
FY22 A$1.4B
FY23 A$1.4B
FY24 A$1.7B
FY25 A$1.9B
Net income +20.4%/yr
FY21 A$323M
FY22 A$385M
FY23 A$356M
FY24 A$303M
FY25 A$678M

REA screens 49% overvalued. Compare with Alphabet Inc →

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Cite: Fair Value Calculator (2026). "REA Group Fair Value". https://www.fairvalue-calculator.com/stock/REA

Peer Group

Internet Content & Information · 150 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 71 · Top 25%
Fair Value upside −49% · Below median
Return on equity (TTM) 28% · Top 25%
Return on assets 19% · Top 25%
Net margin (TTM) 29% · Top 25%
Operating margin (TTM) 48% · Top 25%
Revenue growth 6% · Below median
Dividend yield (TTM) 1.8% · Below median

Valuation Multiples vs Internet Content & Information median · lower = cheaper

P/E (TTM) 34.4× · Pricier than 75% of peers
P/B 7.21× · Pricier than 75% of peers
P/S (TTM) 7.04× · Pricier than 75% of peers
P/FCF 25.6× · Pricier than 75% of peers
EV/EBITDA 15.5× · Pricier than median
PEG 0.67× · Cheaper 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 0 · sector 0
FUTURE 31 · sector 31
PAST 100 · sector 10
HEALTH 100 · sector 99
DIVIDEND 35 · sector 43

VALUE 0: the price sits above our fair-value range.

Insider activity: 30/100

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 Internet Content & Information stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Alphabet Inc GOOGL $354.46 $145.14 -59%
Meta Platforms, Inc META $669.21 $534.91 -20%
Tencent Holdings 0700 HK$460.20 HK$467.50 +2%
Spotify Technology S.A SPOT $485.38 $209.56 -57%
Baidu, Inc BIDU $113.30 $451.51 +299%
Reddit, Inc RDDT $195.34 $39.59 -80%
Kuaishou Technology, an investment holding company, 1024 HK$44.70 HK$101.03 +126%
NAVER Corporation 035420 191,300 KRW 231,585 KRW +21%
Tencent Music Entertainment Group 1698 HK$34.74 HK$65.78 +89%
Pinterest, Inc PINS $22.52 $14.71 -35%

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Frequently asked questions

Is REA Group (REA) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of A$88.53 versus a price of A$172.03, about −49% (overvalued).
What is the fair value of REA?
Our model-based fair value for REA Group is A$88.53 (as of Jul 12, 2026), built from audited fundamentals. The current price is A$172.03.
What is the quality score of REA?
REA Group has a Quality Score of 71/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of REA Group (REA)?
REA Group reported trailing-twelve-month revenue of about A$2.0B (latest available figure, as of Jul 12, 2026).
What is the net profit margin of REA?
The net profit margin of REA Group is about 29.3%, meaning it keeps roughly 29.3% of revenue as net income. Based on the latest reported figures.
Does REA Group pay a dividend?
REA Group currently shows a dividend yield of about 1.66% relative to its recent price (as of Jul 12, 2026).

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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