RE/MAX Holdings, Inc. (RMAX) Financial Ratios
15 years of historical data (2011–2025) · Real Estate · Real Estate - Services
EV/EBITDA
↓
1.66
↓-91% vs avg
5yr avg: 18.58
30Y Low0.8·High44.3
P/FCF
↓
6.47
↓-30% vs avg
5yr avg: 9.25
30Y Low3.9·High20.9
P/B Ratio
↑
N/A
—
5yr avg: 9.90
30Y Low5.9·High24.0
ROE
↑
N/A
—
5yr avg: -2.5%
30Y Low-17%·High49%
Debt/EBITDA
↓
0.31
↓-97% vs avg
5yr avg: 11.91
30Y Low0.3·High23.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
RMAX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
RE/MAX Holdings, Inc. trades at 26.6x earnings, 25% below its 5-year average of 35.4x, sitting at the 30th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.3x, the stock trades at a premium of 9%. On a free-cash-flow basis, the stock trades at 6.5x P/FCF, 30% below the 5-year average of 9.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $217M | $155M | $206M | $241M | $351M | $570M | $666M | $688M | $546M | $860M | $990M |
| Enterprise Value | $121M | $59M | $581M | $643M | $736M | $948M | $844M | $897M | $714M | $1.0B | $1.2B |
| P/E Ratio → | 26.57 | 18.97 | 28.84 | — | 58.25 | — | 59.56 | 14.69 | 20.23 | 67.36 | 43.41 |
| P/S Ratio | 0.74 | 0.53 | 0.67 | 0.74 | 0.99 | 1.73 | 2.50 | 2.44 | 2.57 | 4.39 | 5.62 |
| P/B Ratio | — | — | — | — | 11.54 | 8.25 | 5.91 | 6.99 | 6.89 | 12.39 | 16.31 |
| P/FCF | 6.47 | 4.62 | 3.88 | 11.05 | 5.74 | 20.95 | 10.41 | 10.46 | 8.00 | 14.08 | 16.53 |
| P/OCF | 5.30 | 3.79 | 3.45 | 8.54 | 4.94 | 13.43 | 9.40 | 8.71 | 7.18 | 13.59 | 15.38 |
P/E links to full P/E history page with 30-year chart
RMAX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
RE/MAX Holdings, Inc.'s enterprise value stands at 1.7x EBITDA, 91% below its 5-year average of 18.6x. The Real Estate sector median is 16.7x, placing the stock at a 90% discount 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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.20 | 1.89 | 1.97 | 2.08 | 2.88 | 3.17 | 3.18 | 3.36 | 5.30 | 6.60 |
| EV / EBITDA | 1.66 | 0.81 | 8.34 | 29.52 | 9.95 | 44.29 | 13.04 | 9.88 | 3.27 | 4.56 | 6.58 |
| EV / EBIT | 2.57 | — | 13.69 | — | 18.86 | — | 21.68 | 12.71 | 9.95 | 10.50 | 16.47 |
| EV / FCF | — | 1.76 | 10.96 | 29.42 | 12.02 | 34.85 | 13.20 | 13.64 | 10.46 | 16.99 | 19.43 |
RMAX Profitability
Margins and return-on-capital ratios measuring operating efficiency
RE/MAX Holdings, Inc. earns an operating margin of 16.1%, below the Real Estate sector average of 25.0%. Operating margins have expanded from -3.3% to 16.1% over the past 3 years, signaling improving operational efficiency. ROIC of 36.7% represents excellent returns on invested capital.
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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | — | — | 74.3% | 74.2% | 74.4% | 75.0% | 75.8% | 74.4% | 90.3% | 89.5% | 90.9% |
| Operating Margin | 16.1% | 16.1% | 13.1% | -3.3% | 10.8% | -3.0% | 14.5% | 24.4% | 36.6% | 51.2% | 41.1% |
| Net Profit Margin | 8.9% | 8.9% | 2.3% | -21.2% | 1.7% | -4.7% | 4.2% | 9.0% | 12.7% | 6.5% | 12.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | 12.3% | -17.2% | 10.7% | 28.5% | 36.4% | 19.7% | 45.4% |
| ROA | 4.4% | 4.4% | 1.2% | -10.9% | 0.8% | -2.3% | 2.0% | 5.2% | 6.5% | 3.0% | 5.5% |
| ROIC | 36.7% | 36.7% | 9.4% | -2.2% | 6.6% | -2.0% | 9.7% | 18.7% | 23.6% | 31.2% | 29.8% |
| ROCE | 10.8% | 10.8% | 9.4% | -2.1% | 6.3% | -1.9% | 8.8% | 16.9% | 21.0% | 26.6% | 20.1% |
RMAX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
RE/MAX Holdings, Inc. carries a Debt/EBITDA ratio of 0.3x, which is very conservative (96% below the sector average of 7.8x). The company holds a net cash position — cash of $119M exceeds total debt of $23M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | 16.21 | 7.30 | 2.48 | 2.97 | 2.87 | 3.30 | 3.80 |
| Debt / EBITDA | 0.31 | 0.31 | 6.77 | 22.22 | 6.67 | 23.56 | 4.32 | 3.22 | 1.04 | 1.01 | 1.31 |
| Net Debt / Equity | — | — | — | — | 12.64 | 5.47 | 1.58 | 2.12 | 2.12 | 2.57 | 2.85 |
| Net Debt / EBITDA | -1.32 | -1.32 | 5.38 | 18.43 | 5.20 | 17.66 | 2.75 | 2.30 | 0.77 | 0.78 | 0.98 |
| Debt / FCF | — | -2.87 | 7.08 | 18.37 | 6.29 | 13.90 | 2.79 | 3.18 | 2.46 | 2.92 | 2.89 |
| Interest Coverage | — | — | 1.11 | -0.30 | 1.83 | -0.88 | 4.18 | 5.64 | 6.46 | 10.03 | 8.42 |
Net cash position: cash ($119M) exceeds total debt ($23M)
RMAX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.69x means RE/MAX Holdings, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.18x to 1.69x 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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.69 | 1.69 | 1.41 | 1.18 | 1.61 | 1.44 | 1.42 | 1.33 | 1.87 | 1.83 | 1.75 |
| Quick Ratio | 1.69 | 1.69 | 1.41 | 1.18 | 1.37 | 1.22 | 1.25 | 1.14 | 1.87 | 1.83 | 1.75 |
| Cash Ratio | 0.84 | 0.84 | 0.62 | 0.55 | 0.91 | 0.86 | 0.86 | 0.78 | 1.28 | 1.17 | 1.24 |
| Asset Turnover | — | 0.50 | 0.53 | 0.56 | 0.51 | 0.42 | 0.48 | 0.52 | 0.50 | 0.48 | 0.40 |
| Inventory Turnover | 3.07 | — | — | — | 3.07 | 2.56 | 3.24 | 3.51 | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
RMAX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
RE/MAX Holdings, Inc. returns 0.2% to shareholders annually primarily through dividends. The earnings yield of 3.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.2% | 0.3% | 0.3% | 5.6% | 5.2% | 3.1% | 2.5% | 2.2% | 2.6% | 1.5% | 1.1% |
| Payout Ratio | — | — | 8.4% | — | 297.6% | — | 145.4% | 59.6% | 52.9% | 99.8% | 46.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.8% | 5.3% | 3.5% | — | 1.7% | — | 1.7% | 6.8% | 4.9% | 1.5% | 2.3% |
| FCF Yield | 15.5% | 21.6% | 25.8% | 9.0% | 17.4% | 4.8% | 9.6% | 9.6% | 12.5% | 7.1% | 6.0% |
| Buyback Yield | 0.0% | 0.0% | 1.5% | 1.4% | 9.7% | 0.9% | 0.4% | 0.2% | 0.2% | 0.1% | 0.1% |
| Total Shareholder Yield | 0.2% | 0.3% | 1.8% | 7.0% | 14.9% | 4.1% | 2.8% | 2.4% | 2.8% | 1.6% | 1.1% |
| Shares Outstanding | — | $20M | $19M | $18M | $19M | $19M | $18M | $18M | $18M | $18M | $18M |
Peer Comparison
Compare RMAX 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 |
|---|---|---|---|---|---|---|---|---|---|
 RMAXYou | $217M | 26.6 | 1.7 | 6.5 | — | 16.1% | — | 36.7% | 0.3 |
 EXPI | $1B | -46.6 | — | 9.6 | 7.0% | -0.4% | -10.1% | -15.3% | — |
 DOUG | $188M | 12.5 | — | — | 16.8% | -5.9% | 8.8% | -26.1% | — |
 HOUS | $2B | -15.3 | 18.8 | 76.1 | 34.7% | 1.1% | -7.9% | 1.0% | 11.7 |
 COMP | $5B | -92.4 | 65.3 | 25.5 | 10.6% | -0.4% | -9.8% | -2.5% | 5.4 |
 OPAD | $22M | -0.5 | — | 0.3 | 7.4% | -5.9% | -108.0% | -18.6% | — |
 OPEN | $5B | -3.2 | — | 5.0 | 8.0% | -6.6% | -151.3% | -16.6% | — |
 Z | $11B | 492.0 | 40.4 | 45.8 | 74.1% | -1.2% | 0.5% | -0.5% | 2.1 |
 MOVE | $810M | -34.5 | — | — | -196.8% | -2391.1% | -439.2% | — | — |
 FAF | $7B | 11.7 | 7.4 | 9.4 | 95.6% | 11.1% | 11.9% | 10.7% | 1.8 |
 FNF | $14B | 23.2 | 7.0 | 2.2 | 98.2% | 9.9% | 6.9% | 10.3% | 2.1 |
| Real Estate Median | — | 24.3 | 16.7 | 15.7 | 50.7% | 25.0% | 3.5% | 2.6% | 7.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 15 years · Updated daily
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Start ComparisonRMAX — Frequently Asked Questions
Quick answers to the most common questions about buying RMAX stock.
What is RE/MAX Holdings, Inc.'s P/E ratio?
RE/MAX Holdings, Inc.'s current P/E ratio is 26.6x. The historical average is 37.1x. This places it at the 30th percentile of its historical range.
What is RE/MAX Holdings, Inc.'s EV/EBITDA?
RE/MAX Holdings, Inc.'s current EV/EBITDA is 1.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.7x.
Is RMAX stock overvalued?
Based on historical data, RE/MAX Holdings, Inc. is trading at a P/E of 26.6x. This is at the 30th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is RE/MAX Holdings, Inc.'s dividend yield?
RE/MAX Holdings, Inc.'s current dividend yield is 0.23%.
What are RE/MAX Holdings, Inc.'s profit margins?
RE/MAX Holdings, Inc. has 16.1% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does RE/MAX Holdings, Inc. have?
RE/MAX Holdings, Inc.'s Debt/EBITDA ratio is 0.3x, indicating low leverage. A ratio below 2x is generally considered financially healthy.