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Real Matters Inc (REAL) fair value: what the stock is really worth

As of Sep 22, 2026: fair value of Real Matters Inc C$0.78, price C$3.59, upside -78.3%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
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Real Estate · CA · ISIN CA75601Y1007

RM Thin data Sep 24, 2026

Real Matters Inc

REAL · TO

Stretched ValuationStrong overvaluation with only moderate quality.

!Fair value C$0.7800 · Strongly overvalued (−78%)
!Quality 54/100
!Weak Growth (revenue 5y −17.9 %/yr)
!Loss-making · -13.5% net margin (TTM)
!Low debt · negative free cash flow
!Mixed vs. peers (4/10)
!Narrow moat 15/100
!Insider activity 40/100
!Evidence only low, so the estimate is less certain
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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

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Price vs Fair Value

C$18.17 C$3.59 Fair Value C$0.7800 Jun 2021 Sep 2026

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

How to read this chart

60‑month range C$3.59 – C$18.17 · fair‑value band C$0.5200 – C$0.9800 · the C$3.59 price screens above the C$0.7800 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Real Matters Inc. provides residential real estate appraisal and title services in Canada and the United States. It operates in three segments: U.S. Appraisal, U.S. Title, and Canada.

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Real Matters Inc. provides residential real estate appraisal and title services in Canada and the United States. It operates in three segments: U.S. Appraisal, U.S. Title, and Canada. The company offers residential mortgage appraisals for purchase, refinance, and home equity and default transactions, as well as title services for refinance, purchase, home equity, short sale, and real estate-owned transactions to financial institutions under the Solidifi brand; and insurance inspection services to property and casualty insurers under the iv3 brand. It also provides services required to close a mortgage transaction, including title search, curative, closing and escrow services, and title policy issuance; and hosted software solutions through subscription to other title insurance agencies and mortgage lenders. The company was formerly known as Solidifi Inc. and changed its name to Real Matters Inc. in July 2010. Real Matters Inc. was incorporated in 2004 and is headquartered in Markham, Canada.

Stock analysis

Real Matters Inc (REAL) currently trades at C$3.59, while our model-based Fair Value estimate is C$0.7800, implying the stock looks roughly 360.2% overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: C$0.5200 (bear) to C$0.9800 (bull), the price of C$3.59 sits above 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 54/100 (solid quality), in the Real Estate sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Real Matters Inc reported revenue of $170M in FY2025 versus $504M in FY2021, a compound −23.8%/yr. Reported net income was −$22.7M in FY2025.

Key figures

Market cap C$382M (≈ $271M) · P/S ratio 2.06 · EPS (TTM) C$−0.4700 · Net margin −13.3% · Return on equity −25.2% · Return on assets (EBIT) 2.9% · Operating margin −0.5% · Revenue (TTM) C$185M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).

What moves the price

The share trades about 55% below its 52-week high, currently below its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at −37% fair-value upside, at −78%, REAL screens richer than that median.

Fair Value models

Bear C$0.5200 Fair Value C$0.7800 Bull C$0.9800
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
NCAV (Graham) C$0.6100 C$0.8200 C$1.22 54
All 1 models by family
Asset-Based
NCAV (Graham) C$0.6100 C$0.8200 C$1.22 54

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Quality Score breakdown

Overall quality 54/100

Of which business quality 55 · Market factors (momentum, volatility) 14

Profitability 35
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 1
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 39
Calm price path (market factor)
Momentum 6
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 85
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. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−1.7%
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.
−20.6%
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.
−17.9%
Start year 2020 (pandemic). Over 10 years: +0.0% 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.
+3.6%
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.
14.5% (2020) → −4.7% (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

REAL screens 360% overvalued. Compare with CBRE Group →

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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 · 545 stocks

Beats the industry median on 3/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 55 · Above median
Fair Value upside −78% · Bottom 25%
Profitability
Return on assets −2% · Bottom 25%
Net margin (TTM) −14% · Bottom 25%
Operating margin (TTM) −1% · Bottom 25%
Growth and dividend
Revenue growth 27% · Top 25%

Valuation Multiplesvs Real Estate Services median · lower = cheaper

P/B 2.98× · Priciest 25%
P/S (TTM) 1.46× · Cheaper than median

Strength profile in five axes (Snowflake)

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

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

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
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 2.60 SGD 0.5700 SGD −78%
Compass, Inc COMP $9.67 $5.20 −46%

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Real Matters Inc · Fair Value
C$0.7800 −360%Fair Value
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Cite: Fair Value Calculator (2026). "Real Matters Inc Fair Value". https://www.fairvalue-calculator.com/stock/REAL.TO

Frequently asked questions

Is Real Matters Inc (REAL) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of C$0.7800 versus a price of C$3.59, about −78% upside (overvalued).
What is the fair value of REAL?
Our model-based fair value for Real Matters Inc is C$0.7800 (as of Sep 24, 2026), built from audited fundamentals. The current price: C$3.59.
What is the quality score of REAL?
Real Matters Inc has a Quality Score of 54/100. 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 Real Matters Inc (REAL)?
Our model-based price target is the fair value of C$0.7800 (as of Sep 24, 2026) from 1 valuation models. Cautious scenario C$0.5200, optimistic scenario C$0.9800. It is a calculation from audited fundamentals, not an analyst target.
What is the Real Matters Inc stock forecast for 2026?
Our models put fair value at C$0.7800, about −78% upside versus a price of C$3.59 (overvalued). Cautious scenario C$0.5200, optimistic scenario C$0.9800. The calculation is refreshed regularly with new filings.
What is the revenue of Real Matters Inc (REAL)?
Real Matters Inc reported trailing-twelve-month revenue of about C$185M (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Real Matters Inc (REAL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Real Matters Inc it is C$0.7800 per share (as of Sep 24, 2026), against a price of C$3.59. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Real Matters Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, REAL trades above its calculated fair value: price C$3.59, fair value C$0.7800, a gap of about −78% (overvalued). 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 REAL?
No. The price is what the market pays today (C$3.59); the fair value is what the company's own numbers justify (C$0.7800). For Real Matters Inc the two are C$2.81 per share apart. That gap is exactly why we show both numbers side by side.
How much is Real Matters Inc worth?
The market values Real Matters Inc at about C$382M (market capitalisation, as of Sep 24, 2026). Per share that is C$3.59; our models calculate a fair value of C$0.7800 per share.
What do the bullish and bearish scenarios say about REAL?
Our models span a range for Real Matters Inc: cautious scenario C$0.5200, base C$0.7800, optimistic C$0.9800 per share (as of Sep 24, 2026, price C$3.59). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Real Matters Inc (REAL)?
Balance-sheet figures for Real Matters Inc (as of Sep 24, 2026): return on equity −25.2%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is REAL from its 52-week high?
Real Matters Inc trades at C$3.59, about 55% below its 52-week high of C$8.00 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.7800 is for.
Which stocks are comparable to Real Matters Inc?
From the same area (Real Estate) we also value CBRE Group, Vonovia SE, Cellnex Telecom, S.A, KE Holdings, 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 Real Matters Inc stock attractive at the current price?
The data as of Sep 24, 2026: price C$3.59, calculated fair value C$0.7800 (−78%), Quality Score 54/100, from 1 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 REAL calculated?
We run Real Matters Inc through 1 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 C$0.7800, 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. Real Matters Inc itself currently trades above fair value. 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 Real Matters Inc (REAL)?
The closing price on Sep 22, 2026 was C$3.59. Our model-based fair value is C$0.7800, about −78% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Real Matters Inc right now?
The price sits above even our optimistic bull case (C$0.9800). The favourable scenario is already priced in. 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 but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (C$0.5200 to C$0.9800) leaves room in how you read the outcome.

Key figures of Real Matters Inc

How large is the market capitalisation of Real Matters Inc (REAL)?
The market capitalisation of Real Matters Inc is C$382M (≈ $271M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Real Matters Inc (REAL)?
The price-to-sales ratio of Real Matters Inc is 2.06 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Real Matters Inc (REAL)?
Earnings per share at Real Matters Inc are C$−0.4700. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Real Matters Inc (REAL)?
The net margin of Real Matters Inc is −13.3% (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 Real Matters Inc (REAL)?
The return on equity (ROE) of Real Matters Inc is −25.2% (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 Real Matters Inc (REAL)?
On an EBIT basis the return on assets of Real Matters Inc is 2.9% (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 Real Matters Inc (REAL)?
The operating margin of Real Matters Inc is −0.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Real Matters Inc (REAL)?
Revenue at Real Matters Inc is growing +26.6% versus a year earlier (3y avg −20.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Real Matters Inc (REAL)?
Earnings per share at Real Matters Inc are growing −62.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Real Matters Inc (REAL) generate?
The free cash flow of Real Matters Inc is −C$8.2M (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 Real Matters Inc (REAL) hold?
Real Matters Inc holds more cash than debt, C$38.5M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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