EN DE

RE/MAX Holdings (RMAX) Fair Value & Analysis

Real Estate · US · Market cap $528M

RM RE/MAX Holdings logo RE/MAX Holdings RMAX · US
Price$11.37
Fair Value$4.41
Upside-61.2%
Quality50/100
Watch RE/MAX Holdings for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Thin margins · 0.1% net margin
Moderate debt · generates free cash flow
Trails peers (2/14)
Narrow moat 25/100
Evidence: Medium Range $1.84 – $6.83 Share as image

Fair value as of: Jul 27, 2026

From 14 valuation models · updated 14 days ago

Fair value updated Jul 27, 2026, revised from $4.47 to $4.41 (−1.3%) since Jun 26, 2026. Share price +1.2% over the past month.

A solid business, but screening 61% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($6.83). The favourable scenario is already priced in.
  • The model range is unusually wide ($1.84 to $6.83). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

$33.73 $5.66 Fair Value $4.41 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 $5.66 – $33.73 · fair‑value band $1.84 – $6.83 · the $11.37 price screens above the $4.41 fair value. Dashed = 300-day average. As of Jul 27, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

RE/MAX Holdings (RMAX) currently trades at $11.37, while our model-based Fair Value estimate is $4.41, implying the stock looks roughly 61.2% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Real Estate 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: medium).

Over the trailing twelve months, RE/MAX Holdings generated revenue of $287M at a net margin of 0.1%. Revenue declined 5.7% year over year. It earns a return on equity of 0.2%. Net debt stands at $341M. Fundamentals as of Jul 27, 2026

Our scenario range runs from $1.84 (bear case) to $6.83 (bull case); at $11.37, the current price sits above 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 2% below its 52-week high and 108% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at -61%, RMAX 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 $3.94 $9.25 80
Residual Income $13.99 $12.90 $9.18 76
Rev-Margin DCF $1.72 $10.68 $20.30 74
All 14 models by family
DCF Models
FCF DCF $4.17 $10.29 38
5Y Revenue Exit $1.72 $10.55 $21.44 39
5Y EBITDA Exit $12.93 $30.51 $50.28 41
10Y Revenue Exit $0.0500 $7.25 $16.19 36
10Y EBITDA Exit $6.93 $19.59 $35.40 37
Multiples
P/S Multiple $4.90 $6.53 $8.16 58
P/B Multiple $4.90 $6.53 $8.16 55
EV/EBIT $20.60 $32.38 $44.17 53
EV/EBITDA $28.08 $42.36 $56.65 54
EV/Revenue $4.74 $13.10 $21.46 43
Asset-Based
NCAV (Graham) $10.65 $14.28 $21.31 50
Growth DCF
Growth DCF $3.94 $9.25 80
Rev-Margin DCF $1.72 $10.68 $20.30 74
Economic Profit
Residual Income $13.99 $12.90 $9.18 76

Widest divergence: Asset-Based ($14.28) versus Growth DCF ($3.94). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $287M
Revenue growth (YoY) -5.7%
Net margin 0.1%
Return on equity 0.2%
Free cash flow $33.5M FY2025
P/E ratio 480.0
More key figures
Operating margin 1.1%
EPS (TTM) $0.0200
EPS growth (YoY) -75.7%
Net debt $341M FY2025

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

Quality Score breakdown

Overall quality 50/100

Of which business quality 54 · Market factors (momentum, volatility) 60

Profitability 30
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 3
Calm price path (market factor)
Momentum 79
Price trend over the last 3–12 months (market factor)
52W Momentum 91
Distance to the 52-week high (market factor)
Net Issuance 39
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

RE/MAX Holdings, Inc. operates as a franchisor of real estate brokerage services in the United States, Canada, and internationally. The company operates through three segments: Real Estate, Mortgage, and Marketing Funds.

Full company description

RE/MAX Holdings, Inc. operates as a franchisor of real estate brokerage services in the United States, Canada, and internationally. The company operates through three segments: Real Estate, Mortgage, and Marketing Funds. The Real Estate segment comprises real estate brokerage franchising services under the RE/MAX brand name, as well as with corporate-wide shared services. The Mortgage segment provides brokerage franchising services to real estate brokers, real estate professionals, mortgage professionals, and other investors under the Motto Mortgage brand name; and mortgage loan processing software and services under the wemlo brand name. The Marketing Funds segment manages marketing campaigns and agent marketing technology. The company also provides the BoldTrail platform, which integrates a suite of digital products that enables agents, brokers, and teams to establish, manage, and grow client relationships; and the RE/MAX University platform, a learning hub designed to help each agent with their professional. RE/MAX Holdings, Inc. was founded in 1973 and is headquartered in Denver, Colorado.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

RE/MAX Holdings reported revenue of $292M in FY2025 versus $330M in FY2021, a compound −3.0%/yr. Reported net income was $8.2M in FY2025.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$292M
Latest YoY
−5.2%
Avg. growth/yr (3Y)
−6.2%
Avg. growth/yr (5Y)
+1.9%
Avg. growth/yr (15Y)
+5.0%
Revenue −3.0%/yr
FY21 $330M
FY22 $353M
FY23 $326M
FY24 $308M
FY25 $292M
Net income
FY21 −$15.6M
FY22 $6.1M
FY23 −$69.0M
FY24 $7.1M
FY25 $8.2M

RMAX screens 61% overvalued. Compare with Vingroup Joint Stock Company →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "RE/MAX Holdings Fair Value". https://www.fairvalue-calculator.com/stock/RMAX

Peer Group

Real Estate Services · 521 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 52 · Below median
Fair Value upside −61% · Bottom 25%
Return on equity (TTM) 0% · Below median
Return on assets 5% · Top 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) 1% · Bottom 25%
Revenue growth -6% · Below median
Debt / equity 0.96× · Higher than 75% of peers

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 480.0× · Pricier than 75% of peers
P/B 1.17× · Pricier than median
P/S (TTM) 1.84× · Pricier than median
P/FCF 15.8× · Pricier than 75% of peers
EV/EBITDA 12.2× · Cheaper than median
PEG 4.07× · Pricier than 75% of peers

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 37
FUTURE 0 · sector 10
PAST 1 · sector 16
HEALTH 52 · sector 85
DIVIDEND 0 · sector 49

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

Insider activity: 46/100

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

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 223,000 VND 25,731 VND -88%
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%

Compare RE/MAX Holdings with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Real Estate stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is RE/MAX Holdings (RMAX) overvalued or undervalued?
As of Jul 27, 2026, our model estimates a fair value of $4.41 versus a price of $11.37, about −61% (overvalued).
What is the fair value of RMAX?
Our model-based fair value for RE/MAX Holdings is $4.41 (as of Jul 27, 2026), built from audited fundamentals. The current price is $11.37.
What is the quality score of RMAX?
RE/MAX Holdings has a Quality Score of 50/100. 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 RE/MAX Holdings (RMAX)?
RE/MAX Holdings reported trailing-twelve-month revenue of about $287M (latest available figure, as of Jul 27, 2026).
What is the net profit margin of RMAX?
The net profit margin of RE/MAX Holdings is about 0.1%, meaning it keeps roughly 0.1% 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.

14 days Pro free · no card

Track RE/MAX Holdings and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.