The RealReal, Inc. (REAL) Financial Ratios
9 years of historical data (2017–2025) · Consumer Cyclical · Luxury Goods
EV/EBITDA
432.11
↓-20% vs avg
5yr avg: 541.17
P/FCF
196.41
↓-22% vs avg
5yr avg: 250.27
P/B Ratio
N/A
—
5yr avg: 14.51
30Y Low4.8·High14.5
ROE
N/A
—
5yr avg: -178.6%
30Y Low-247%·High-67%
Debt/EBITDA
51.08
+0% vs avg
5yr avg: 51.08
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
REAL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
The RealReal, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 196.4x P/FCF, 22% below the 5-year average of 250.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.6B | $4.6B | $1.2B | $205M | $120M | $1.1B | $1.7B | $1.6B | — | — |
| Enterprise Value | $3.9B | $4.9B | $1.6B | $606M | $422M | $1.2B | $1.6B | $1.5B | — | — |
| P/E Ratio → | -18.31 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 5.21 | 6.63 | 1.96 | 0.37 | 0.20 | 2.27 | 5.71 | 5.12 | — | — |
| P/B Ratio | — | — | — | — | — | 14.51 | 8.95 | 4.80 | — | — |
| P/FCF | 196.41 | 250.27 | — | — | — | — | — | — | — | — |
| P/OCF | 97.46 | 124.19 | 54.72 | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
REAL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
The RealReal, Inc.'s enterprise value stands at 432.1x EBITDA, 20% below its 5-year average of 541.2x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 3447% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 7.08 | 2.59 | 1.10 | 0.70 | 2.47 | 5.47 | 4.63 | — | — |
| EV / EBITDA | 432.11 | 541.17 | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 267.26 | — | — | — | — | — | — | — | — |
REAL Profitability
Margins and return-on-capital ratios measuring operating efficiency
The RealReal, Inc. earns an operating margin of -3.5%, below the Consumer Cyclical sector average of 2.0%. Operating margins have expanded from -30.3% to -3.5% over the past 3 years, signaling improving operational efficiency.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 69.8% | 69.8% | 74.5% | 68.5% | 57.8% | 58.5% | 62.5% | 63.7% | 66.0% | 63.7% |
| Operating Margin | -3.5% | -3.5% | -9.4% | -30.3% | -31.3% | -46.0% | -57.6% | -31.6% | -35.6% | -37.7% |
| Net Profit Margin | -6.0% | -6.0% | -22.3% | -30.7% | -32.6% | -50.5% | -58.6% | -31.1% | -36.5% | -38.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | -178.6% | -66.5% | -247.4% | — | — |
| ROA | -10.0% | -10.0% | -30.9% | -31.7% | -28.7% | -34.7% | -32.9% | -32.8% | -71.7% | -68.9% |
| ROIC | — | — | -129.7% | -108.3% | -95.7% | -113.3% | -85.7% | -41.1% | — | — |
| ROCE | -15.0% | -15.0% | -26.1% | -49.9% | -38.8% | -42.0% | -43.0% | -50.8% | -256.4% | -488.8% |
REAL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The RealReal, Inc. carries a Debt/EBITDA ratio of 51.1x, which is highly leveraged (970% above the sector average of 4.8x). Net debt stands at $312M ($463M total debt minus $151M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | 6.97 | 1.46 | — | — | — |
| Debt / EBITDA | 51.08 | 51.08 | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | — | — | — | — | 1.25 | -0.37 | -0.46 | — | — |
| Net Debt / EBITDA | 34.40 | 34.40 | — | — | — | — | — | — | — | — |
| Debt / FCF | — | 16.99 | — | — | — | — | — | — | — | — |
| Interest Coverage | -0.50 | -0.50 | -5.26 | -14.72 | -17.74 | -9.96 | -32.38 | -158.46 | -64.68 | -67.57 |
REAL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.86x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.25x to 0.86x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.86 | 0.86 | 0.94 | 1.25 | 1.79 | 2.75 | 2.84 | 3.43 | 1.01 | 0.72 |
| Quick Ratio | 0.74 | 0.74 | 0.84 | 1.13 | 1.59 | 2.38 | 2.56 | 3.25 | 0.89 | 0.62 |
| Cash Ratio | 0.57 | 0.57 | 0.69 | 0.93 | 1.42 | 2.22 | 2.39 | 3.06 | 0.70 | 0.44 |
| Asset Turnover | — | 1.69 | 1.42 | 1.23 | 0.98 | 0.62 | 0.50 | 0.68 | 1.53 | 1.81 |
| Inventory Turnover | 6.78 | 6.78 | 6.49 | 7.78 | 5.93 | 2.73 | 2.66 | 5.24 | 6.80 | 7.54 |
| Days Sales Outstanding | — | 12.55 | 8.49 | 11.45 | 7.38 | 6.06 | 8.78 | 8.98 | 13.33 | 18.57 |
REAL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
The RealReal, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | 0.5% | 0.4% | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.3% | 0.2% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.3% | 0.2% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $291M | $108M | $102M | $96M | $91M | $88M | $86M | $63M | $63M |
Peer Comparison
Compare REAL with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 REALYou | $4B | -18.3 | 432.1 | 196.4 | 69.8% | -3.5% | — | — | 51.1 |
 EBAY | $49B | 24.9 | 21.3 | 29.8 | 71.5% | 20.5% | 41.6% | 16.8% | 2.9 |
 ETSY | $7B | 53.2 | 13.5 | 11.0 | 71.6% | 12.8% | — | — | 1.6 |
 UPS | $89B | 16.0 | 9.5 | 18.7 | 18.5% | 9.6% | 33.8% | 16.1% | 2.6 |
 FDX | $78B | 19.4 | 10.6 | 26.1 | 21.6% | 6.9% | 14.7% | 7.7% | 3.6 |
 SHOP | $141B | 115.8 | 93.3 | 70.4 | 48.1% | 12.7% | 9.8% | 9.4% | 0.1 |
 PYPL | $37B | 7.9 | 5.6 | 6.7 | 46.6% | 18.3% | 25.7% | 15.0% | 1.4 |
 AFRM | $25B | 492.8 | 225.8 | 40.9 | 67.5% | -2.7% | 1.8% | -0.7% | 57.0 |
 W | $12B | -36.6 | 44.2 | 25.1 | 30.2% | 0.1% | — | — | 12.6 |
 AMZN | $2.6T | 34.1 | 18.5 | 341.6 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
 RENT | $114M | 1.8 | — | — | 59.4% | -17.4% | — | -37.1% | — |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 9 years · Updated daily
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
REAL — Frequently Asked Questions
Quick answers to the most common questions about buying REAL stock.
What is The RealReal, Inc.'s P/E ratio?
The RealReal, Inc.'s current P/E ratio is -18.3x. This places it at the 50th percentile of its historical range.
What is The RealReal, Inc.'s EV/EBITDA?
The RealReal, Inc.'s current EV/EBITDA is 432.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
Is REAL stock overvalued?
Based on historical data, The RealReal, Inc. is trading at a P/E of -18.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are The RealReal, Inc.'s profit margins?
The RealReal, Inc. has 69.8% gross margin and -3.5% operating margin.
How much debt does The RealReal, Inc. have?
The RealReal, Inc.'s Debt/EBITDA ratio is 51.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.