RE/MAX Holdings (RMAX) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

RE/MAX Holdings

NYSE•Real Estate•Real Estate Services

$12.36-1.26(-0.09%)Market closed

Market Cap

$263.08M

P/S

0.9x

P/B

0.6x

As of August 24, 2026, RE/MAX Holdings, Inc. was acquired by The Real Brokerage Inc. 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.

How this company scores

WeakMetricSide Score: 39/100

Grade capped at D — Interest coverage below 1× (0.2x) — earnings cannot cover interest. Strongest: Cash & Earnings Quality (15/25); weakest: Growth (2/25).

Profitability11/25

Growth2/25

Balance Sheet & Red Flags11/25

Cash & Earnings Quality15/25

Strengths

Long cash runwayCash-backed earningsImproving margins

Grade capped at D

Interest coverage below 1× (0.2x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 684.5x5y range 19.8x – 1325.6x

Currently above its 10-quarter median.

P/S · 0.9x5y range 0.6x – 0.9x

Currently above its 20-quarter median.

P/B · 0.6x5y range 0.5x – 0.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 43.7% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $263.08M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $283.12M
Q. Revenue: $68.51M
TTM EBITDA: $45.73M
TTM Op. Income: $21.32M
Q. Op. Income: $1.52M
TTM Net Income: $-8.61M
Q. Net Income: $-4.29M
EPS: $-0.2
Shares Out.: $21.28M

$283.12M in TTM revenue declined 5.0% YoY, reaching $68.51M last quarter. TTM EBITDA of $45.73M and TTM operating income of $21.32M show growth is flowing through to the bottom line. However, net income is negative at $8.61M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has fallen for 7 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 10.8%
Op. Margin: 2.2%
Net Margin: -6.3%

Op. margin of 2.2% is down 17.1% YoY — costs are rising relative to revenue. Net margin at -6.3% Over the past year, operating margin is down 89% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 0.9x
P/B Ratio: 0.6x

P/S of 0.9x and P/B of 0.6x. P/S is low relative to typical market levels. Across the last 6 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $567.43M
Cash: $112.40M
Long-Term Debt: $430.45M
Book Value: $443.93M
D/E Ratio: 1.0
Debt/EBITDA: 58.3

With $567.43M in assets and $430.45M in long-term debt, D/E is 1.0and book value is $443.93M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $6.17M
TTM Free Cash Flow: $25.84M
FCF Margin: 9.1%
FCF / Net Income: -3.0

TTM FCF of $25.84M on $6.17M in operating cash flow. The FCF / Net Income ratio of -3.0x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 34% — an improving trend.