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The Real Brokerage Inc (REAX) Fair Value & Analysis

Real Estate · US · Market cap $378M

TR The Real Brokerage Inc logo The Real Brokerage Inc REAX · US
Price$2.14
Fair Value$3.57
Upside+66.8%
Quality46/100
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Mixed Growth
Loss-making · -0.3% net margin
generates free cash flow
Trails peers (3/10)
Narrow moat 14/100
Evidence: Medium Range $2.58 – $4.57 Share as image

Fair value as of: Jul 27, 2026

From 9 valuation models · updated 14 days ago

Share price −2.7% over the past month.

Below-average quality, screening 67% undervalued on our models.

What matters now

  • The price is below even our cautious bear case ($2.58). The market is more pessimistic than our downside scenario.
  • Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

$6.66 $1.04 Fair Value $3.57 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 27, 2026.

How to read this chart

60‑month range $1.04 – $6.66 · fair‑value band $2.58 – $4.57 · the $2.14 price screens below the $3.57 fair value. Dashed = 300-day average. As of Jul 27, 2026.

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Analysis

The Real Brokerage Inc (REAX) currently trades at $2.14, while our model-based Fair Value estimate is $3.57, implying the stock looks roughly 66.8% undervalued today. The Quality Score stands at 46/100 (below-average 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: medium), always confirm before acting.

Over the trailing twelve months, The Real Brokerage Inc generated revenue of $2.1B at a net margin of -0.3%. Revenue grew 31.5% year over year. It earns a return on equity of -13.1%. The balance sheet holds a net cash position of $59.6M. Fundamentals as of Jul 27, 2026

Our scenario range runs from $2.58 (bear case) to $4.57 (bull case); at $2.14, the current price sits below 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 60% below its 52-week high and 38% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at 67%, REAX screens cheaper 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 $4.13 $6.94 $11.34 72
Gordon GGM $0.0100 $0.0200 $0.0200 70
Rev-Margin DCF $3.97 $6.75 $12.57 67
All 9 models by family
DCF Models
FCF DCF $4.39 $6.28 $11.93 38
5Y Revenue Exit $3.63 $5.94 $10.75 39
10Y Revenue Exit $3.80 $7.59 $9.89 36
Dividend Discount
Gordon GGM $0.0100 $0.0200 $0.0200 70
DDM Multi-Stage $0.0100 $0.0200 $0.0200 61
Multiples
EV/Revenue $3.03 $4.20 $5.38 43
Asset-Based
NCAV (Graham) $0.1200 $0.1600 $0.2400 50
Growth DCF
Growth DCF $4.13 $6.94 $11.34 72
Rev-Margin DCF $3.97 $6.75 $12.57 67

Widest divergence: Growth DCF ($6.75) versus Dividend Discount ($0.0200). Highest evidence: Growth DCF (72).

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Key figures & financial health

Revenue (TTM) $2.1B
Revenue growth (YoY) +31.5%
Net margin -0.3%
Return on equity -13.1%
Free cash flow $64.8M FY2025
Operating margin -0.7%
More key figures
EPS (TTM) $-0.0400
Net cash $59.6M FY2025

Figures from reported company fundamentals · as of Jul 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 52 · Market factors (momentum, volatility) 22

Profitability 42
Margins and returns on capital today
Quality Growth 82
Are margins and returns improving?
Cashflow 51
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 41
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 8
Distance to the 52-week high (market factor)
Net Issuance 3
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

The Real Brokerage Inc., together with its subsidiaries, operates as a real estate technology company in the United States and Canada. The company provides title, mortgage, and wallet services. It also offers ancillary services including mortgage origination, title and escrow services, and financial technology and lending products.

Full company description

The Real Brokerage Inc., together with its subsidiaries, operates as a real estate technology company in the United States and Canada. The company provides title, mortgage, and wallet services. It also offers ancillary services including mortgage origination, title and escrow services, and financial technology and lending products. The company was founded in 2014 and is headquartered in Miami, Florida.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

The Real Brokerage Inc reported revenue of $2.0B in FY2025 versus $122M in FY2021, a compound +100.6%/yr. Reported net income was −$8.1M in FY2025.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$2.0B
Latest YoY
+55.7%
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.
+72.8%
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.
+160.0%
Avg. growth/yr (7Y) 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.
+117.9%
Revenue +100.6%/yr
FY21 $122M
FY22 $382M
FY23 $689M
FY24 $1.3B
FY25 $2.0B
Net income
FY21 −$12.3M
FY22 −$20.6M
FY23 −$27.5M
FY24 −$26.5M
FY25 −$8.1M

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Cite: Fair Value Calculator (2026). "The Real Brokerage Inc Fair Value". https://www.fairvalue-calculator.com/stock/REAX

Peer Group

Real Estate Services · 520 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 45 · Below median
Fair Value upside +67% · Top 25%
Return on assets -3% · Bottom 25%
Net margin (TTM) -0% · Bottom 25%
Operating margin (TTM) -1% · Bottom 25%
Revenue growth 32% · Top 25%

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/B 7.31× · Pricier than 75% of peers
P/S (TTM) 0.18× · Cheaper than 75% of peers
P/FCF 5.8× · 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 100 · sector 37
FUTURE 100 · sector 10
PAST 0 · sector 16
HEALTH 0 · sector 85
DIVIDEND 0 · sector 49

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 Services stocks, each showing price versus our Fair Value estimate (as of Jul 27, 2026).

Stock Price Fair Value vs Fair Value
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KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%
PT Bangun Kosambi Sukses Tbk, CBDK 3,530 IDR 3,464 IDR -2%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 3,998 ARS +60%

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Frequently asked questions

Is The Real Brokerage Inc (REAX) overvalued or undervalued?
As of Jul 27, 2026, our model estimates a fair value of $3.57 versus a price of $2.14, about +67% (undervalued).
What is the fair value of REAX?
Our model-based fair value for The Real Brokerage Inc is $3.57 (as of Jul 27, 2026), built from audited fundamentals. The current price is $2.14.
What is the quality score of REAX?
The Real Brokerage Inc has a Quality Score of 46/100. 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 The Real Brokerage Inc (REAX)?
The Real Brokerage Inc reported trailing-twelve-month revenue of about $2.1B (latest available figure, as of Jul 27, 2026).
What is the net profit margin of REAX?
The net profit margin of The Real Brokerage Inc is about -0.3%, meaning it is currently running at a net loss. 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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