MODEL VERDICT
RE/MAX Holdings, Inc. (RMAX)
Relative Valuation•Peer multiples, Monte Carlo simulation & quality-adjusted fair value
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Composite score derived from valuation, quality, and risk factors
Quantitative model thresholds · For educational and research purposes only
| Methodology | Fair Value | vs Current | Weight | Quality | Status |
|---|---|---|---|---|---|
| EV/EBITDA 15 industry peers | $39.07 | +423.0% | 15% | A- | Peer Data |
| Dividend Yield 11 industry peers | $1.67 | -77.6% | 12% | B | Supplementary |
| Industry Median P/E 13 industry peers | $16.45 | +120.2% | 5% | A | Peer Data |
| Forward P/E 15 analyst estimates | $27.93 | +273.9% | 5% | A- | Analyst Est. |
| EV To Revenue 24 industry peers | $5.46 | -26.9% | 3% | B | Data |
| Price / Sales 24 industry peers | $20.99 | +181.0% | 2% | B | Model Driven |
| Weighted Output Blended model output | $61.01 | +716.7% | 100% | 77 | SIGNIFICANTLY UNDERVALUED |
| EPS Growth ↓ | P/E Multiple → | 16× | 18× | 20× (Current) | 22× | 24× |
|---|---|---|---|---|---|
| Bear Case (2%) | $6 | $7 | $8 | $8 | $9 |
| Conservative (5%) | $6 | $7 | $8 | $9 | $9 |
| Base Case (-32.4%) | $4 | $5 | $5 | $6 | $6 |
| Bull Case (-44%) | $3 | $4 | $4 | $5 | $5 |
Cross-sectional regression predicting expected multiples based on growth, margins, ROIC, and beta.
| Multiple | Avg | Median | Min | Max | Std |
|---|---|---|---|---|---|
| P/E Ratio | 36.31 | 28.84 | 14.69 | 59.56 | 21.23 |
| EV/EBIT | 15.38 | 13.69 | 9.95 | 21.68 | 4.77 |
| EV/EBITDA | 16.90 | 9.95 | 3.27 | 44.29 | 14.61 |
| P/FCF | 10.07 | 10.41 | 3.88 | 20.95 | 5.49 |
| P/FFO | 14.32 | 11.50 | 3.25 | 36.26 | 12.06 |
| P/AFFO | 209.27 | 15.66 | 3.41 | 1192.18 | 481.58 |
| P/B Ratio | 7.92 | 6.99 | 5.91 | 11.54 | 2.19 |
| Div Yield | 0.03 | 0.03 | 0.00 | 0.06 | 0.02 |
| P/S Ratio | 1.66 | 1.73 | 0.67 | 2.57 | 0.86 |
Based on our peer multiples analysis with 18 valuation metrics, the model estimates RMAX's fair value at $61.01 vs the current price of $7.47, implying +716.7% upside potential. Model verdict: Significantly Undervalued. Confidence: 77/100. This is a quantitative estimate, not a recommendation.
The blended fair value of $61.01 is calculated using four lenses: industry median multiples (40%), historical multiples (30%), forward estimates (20%), and quality-adjusted multiples (10%). Monte Carlo simulation (10,000 iterations) gives a range of $15.18 (P10) to $301.35 (P90), with a median of $93.34.
RMAX's current P/E of 20.2x compares to the industry median of 44.5x (13 peers in the group). This represents a -54.6% discount to the industry. The historical average P/E is 36.3x over 5 years. Signal: Deep Discount.
13 analysts cover RMAX with a consensus rating of Hold. The consensus price target is $16.67 (range: $7.00 — $34.00), implying +123.2% upside from the current price. Grade breakdown: Strong Buy (0), Buy (3), Hold (6), Sell (4), Strong Sell (0).
The model confidence score is 77/100, based on: data completeness (26), peer quality (25), historical depth (20), earnings stability (4), and model agreement (2). Cyclicality penalty: -0 points. The model shows strong agreement across inputs.
The model flags several key risks: (1) Macro/regulatory risks are not captured in this model but remain material.
Peak earnings risk data is not available for RMAX.
No. This dashboard is a quantitative research tool for educational and informational purposes only. It is not investment advice, a solicitation, or a recommendation to buy, sell, or hold any security. The operator of this platform is not a registered investment advisor (RIA), broker-dealer, or financial planner. All model outputs, fair value estimates, signals, and scenarios are the result of automated quantitative computations and should not be construed as professional financial guidance. You should consult a qualified, licensed financial advisor before making any investment decisions. Past model performance is not indicative of future results.