RE/MAX Holdings, Inc. (RMAX) has a current P/E ratio of 23.4, compared to its historical median P/E of 32.7. The stock is currently considered Fair based on its historical valuation range.
RE/MAX Holdings, Inc. (RMAX) has a 5-year average return on invested capital (ROIC) of 1.5%. This is below average and may indicate limited pricing power.
RE/MAX Holdings, Inc. (RMAX) does not currently pay a regular dividend.
Based on historical P/E analysis, RE/MAX Holdings, Inc. (RMAX) appears fair. The current P/E of 23.4 is 28% below its historical median of 32.7. The estimated fair value CAGR (P/E method) is -16.6%.
RE/MAX Holdings, Inc. (RMAX) operates in the Real Estate Agents & Managers (For Others) industry, within the Real Estate sector.
RE/MAX Holdings, Inc. (RMAX) reported annual revenue of $292 million in its most recent fiscal year, based on SEC EDGAR filings.
RE/MAX Holdings, Inc. (RMAX) has a net profit margin of 4.6%. This is a modest margin.
RE/MAX Holdings, Inc. operates in the Real Estate Agents & Managers (For Others) industry, Real Estate sector. Full business description from SEC filing not yet available.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 292M | 292M | 308M | 326M | 353M | 330M |
| Net Income | 13M | 13M | 8.1M | -98M | 11M | -25M |
| EPS | $0.00 | - | - | - | - | - |
| Free Cash Flow | 34M | 34M | 53M | 22M | 61M | 27M |
| ROIC | 4.1% | 4.1% | 5.1% | -1.3% | 2.7% | -2.9% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 1.02 | 1.02 | 1.10 | 1.18 | 1.03 | 0.99 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 47M | 47M | 40M | -11M | 38M | -9.9M |
| Operating Margin | 16.1% | 16.1% | 13.1% | -3.3% | 10.8% | -3.0% |
| ROE | 3.0% | 3.0% | 1.9% | -22.1% | 2.2% | -4.8% |
| Shares Outstanding | 0M | - | - | - | - | - |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 171M | 177M | 176M | 196M | 213M | 282M | 266M | 330M | 353M | 326M | 308M | 292M | 292M |
| Gross Margin | N/A | 91.2% | 90.6% | 89.3% | 90.3% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 92M | 92M | 88M | 107M | 120M | 119M | 129M | 179M | 174M | 172M | 152M | 147M | 147M |
| EBIT | 64M | 74M | 71M | 98M | 78M | 69M | 39M | -9.9M | 38M | -11M | 40M | 47M | 47M |
| Op. Margin | 37.3% | 41.6% | 40.5% | 50.2% | 36.9% | 24.4% | 14.5% | -3.0% | 10.8% | -3.3% | 13.1% | 16.1% | 16.1% |
| Net Income | 13M | 17M | 22M | 10M | 27M | 25M | 11M | -25M | 11M | -98M | 8.1M | 13M | 13M |
| Net Margin | 7.9% | 9.4% | 12.6% | 5.2% | 12.8% | 9.0% | 4.2% | -7.5% | 3.0% | -30.2% | 2.6% | 4.6% | 4.6% |
| Non-Recurring | 4.9M | 4.7M | 1.2M | -4.3M | 139K | -342K | -601K | 5.1M | 17M | 22M | 6.6M | 2.6M | 2.6M |
| Returns on Capital | |||||||||||||
| ROIC | 14.0% | 13.2% | 9.2% | 9.2% | 9.2% | 8.3% | 4.0% | -2.9% | 2.7% | -1.3% | 5.1% | 4.1% | 4.1% |
| ROE | 5.4% | 4.7% | 4.9% | 2.2% | 5.8% | 5.2% | 2.2% | -4.8% | 2.2% | -22.1% | 1.9% | 3.0% | 3.0% |
| ROA | 3.8% | 4.5% | 5.4% | 2.4% | 6.5% | 5.3% | 2.1% | -3.7% | 1.5% | -15.5% | 1.4% | 2.3% | 2.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 64M | 77M | 64M | 63M | 76M | 79M | 71M | 42M | 71M | 28M | 60M | 41M | 41M |
| Free Cash Flow | 62M | 74M | 60M | 61M | 68M | 66M | 64M | 27M | 61M | 22M | 53M | 34M | 34M |
| Owner Earnings | 42M | 61M | 46M | 40M | 47M | 46M | 28M | -23M | 13M | -24M | 11M | -1.6M | -1.6M |
| CapEx | 2.0M | 3.6M | 4.5M | 2.2M | 7.8M | 13M | 6.9M | 15M | 9.9M | 6.4M | 6.6M | 7.4M | 7.4M |
| Maint. CapEx | 20M | 15M | 16M | 21M | 20M | 22M | 26M | 31M | 36M | 32M | 30M | 26M | 26M |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 20M | 15M | 16M | 21M | 20M | 22M | 26M | 31M | 36M | 32M | 30M | 26M | 26M |
| CapEx/OCF | 3.2% | 4.6% | 7.0% | 3.5% | 10.2% | N/A | 9.7% | 35.9% | 14.0% | 22.7% | 11.1% | 18.0% | 18.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 2.9M | 24M | 11M | 13M | 14M | 15M | 16M | 18M | 18M | 14M | 599K | 498K | 498K |
| Dividend Yield | 1.0% | 6.4% | 1.8% | 1.5% | 2.0% | 2.8% | 3.1% | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34M | 3.4M | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 10.5% | 1.4% | N/A | N/A | 0.0% |
| Stock-Based Comp | 2.0M | 1.5M | 2.3M | 2.9M | 9.2M | 11M | 16M | 34M | 22M | 20M | 19M | 17M | 17M |
| Debt Repayment | 17M | 9.7M | 203M | 2.4M | 3.2M | 2.6M | 2.6M | 227M | 4.6M | 4.6M | 4.6M | 4.6M | 4.6M |
| Balance Sheet | |||||||||||||
| Net Debt | 104M | 90M | 173M | 178M | 168M | 204M | 178M | 378M | 385M | 401M | 375M | 341M | 341M |
| Cash & Equiv. | 107M | 110M | 58M | 51M | 60M | 83M | 101M | 126M | 109M | 83M | 97M | 119M | 119M |
| Long-Term Debt | 202M | 186M | 228M | 227M | 225M | 223M | 221M | 447M | 444M | 440M | 436M | 432M | 432M |
| Debt/Equity | 0.83 | 0.45 | 0.50 | 0.50 | 0.47 | 0.58 | 0.54 | 0.99 | 1.03 | 1.18 | 1.10 | 1.02 | 1.02 |
| Interest Coverage | 6.9 | 7.1 | 8.3 | 9.8 | 6.5 | 5.6 | 4.2 | -0.9 | 1.8 | -0.3 | 1.1 | 1.5 | 1.5 |
| Equity | 255M | 450M | 465M | 460M | 481M | 498M | 518M | 508M | 481M | 411M | 429M | 452M | 452M |
| Total Assets | 358M | 384M | 437M | 413M | 428M | 531M | 546M | 776M | 695M | 577M | 582M | 582M | 582M |
| Total Liabilities | 319M | 344M | 376M | 364M | 353M | 444M | 445M | 707M | 664M | 653M | 640M | 611M | 611M |
| Intangibles | 78M | 67M | 109M | 119M | 103M | 85M | 70M | 144M | 120M | 102M | 81M | 67M | 67M |
| Retained Earnings | 12M | 4.7M | 16M | 8.4M | 21M | 31M | 26M | -7.8M | -54M | -140M | -134M | -126M | -126M |
| Working Capital | 88M | 74M | 35M | 30M | 41M | 36M | 49M | 65M | 73M | 27M | 64M | 98M | 98M |
| Current Assets | 131M | 131M | 81M | 80M | 88M | 143M | 166M | 211M | 193M | 177M | 219M | 240M | 240M |
| Current Liabilities | 43M | 57M | 47M | 50M | 47M | 107M | 117M | 146M | 120M | 149M | 155M | 142M | 142M |
| Per Share Data | |||||||||||||
| EPS | 1.10 | 1.28 | 1.26 | 0.58 | 1.53 | 1.41 | 0.61 | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Owner EPS | 3.48 | 4.67 | 2.61 | 2.29 | 2.64 | 2.58 | 1.54 | N/A | N/A | N/A | N/A | N/A | N/A |
| Book Value | 20.86 | 34.56 | 26.35 | 26.42 | 27.12 | 27.78 | 28.07 | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Cash Flow/Share | 5.28 | 5.95 | 3.65 | 3.63 | 4.29 | 4.40 | 3.84 | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Dividends/Share | 0.25 | 2.00 | 0.60 | 0.72 | 0.80 | 0.84 | 0.89 | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 12.2M | 13.0M | 17.6M | 17.4M | 17.7M | 17.9M | 18.4M | N/A | N/A | N/A | N/A | N/A | 0.0M |
| Valuation | |||||||||||||
| P/E Ratio | 24.2 | 23.5 | 36.6 | 70.2 | 17.5 | 23.8 | 55.2 | N/A | 53.1 | N/A | 28.9 | 19.0 | N/A |
| P/FCF | 5.2 | 5.4 | 13.7 | 11.6 | 6.9 | 9.2 | 9.7 | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | 5.2 | 5.2 | 13.1 | 8.6 | 7.5 | 9.6 | 16.7 | N/A | 14.7 | N/A | 11.4 | 7.6 | 7.2 |
| Price/Book | 1.3 | 0.9 | 1.8 | 1.6 | 1.0 | 1.2 | 1.2 | 1.0 | 0.7 | 0.6 | 0.5 | 0.3 | N/A |
| Price/Sales | 3.9 | 2.1 | 3.3 | 4.4 | 3.4 | 1.9 | 2.0 | 1.8 | 1.2 | 0.9 | 0.6 | 0.6 | N/A |
| FCF Yield | 19.2% | 18.9% | 7.3% | 8.5% | 14.5% | 10.9% | 10.3% | 5.3% | 18.9% | 9.0% | 25.8% | 21.6% | N/A |
| Market Cap | 325M | 391M | 820M | 719M | 471M | 602M | 622M | 516M | 325M | 242M | 206M | 155M | 0 |
| Avg. Price | 23.18 | 28.77 | 33.47 | 48.05 | 40.72 | 29.88 | 28.23 | 31.75 | 22.85 | 16.47 | 10.04 | 8.58 | 9.37 |
| Year-End Price | 26.65 | 30.49 | 46.49 | 40.74 | 26.46 | 33.60 | 33.70 | 27.76 | 17.00 | 13.35 | 10.68 | 7.62 | 9.37 |
RE/MAX Holdings, Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
RE/MAX Holdings, Inc. trades at 23.4x trailing earnings, compared to its 15-year median P/E of 32.7x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 5.6x vs a median of 9.7x. The company's 5-year average ROIC is 1.5%. At current prices, the estimated annualized return to fair value is -11.8%.
RE/MAX Holdings, Inc. (RMAX) generated $34 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
RE/MAX Holdings, Inc. (RMAX) has a debt-to-equity ratio of 1.02. This indicates moderate leverage.
RE/MAX Holdings, Inc. (RMAX) has a return on equity (ROE) of 3.0%. This indicates moderate shareholder returns.
The Ledger Terminal provides 15 years of financial data for RE/MAX Holdings, Inc. (RMAX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.