Re/Max Holdings (RMAX)
NYSE:RMAX
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Re/Max Holdings
(NYSE:RMAX)
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Rating:62Neutral
Price Target:
$12.00
▲(48.33% Upside)
Action:ReiteratedDate:04/29/26
RMAX scores as a moderate-risk, moderately positive setup: financial performance is improving (profitability rebound, solid free cash flow, and apparent deleveraging), and management’s guidance/margin discipline plus the pending merger provide upside catalysts. These positives are balanced by the steep multi-year revenue decline and highly overbought technicals, which elevate near-term downside volatility.
Re/Max Holdings (RMAX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$362.01M
Dividend YieldN/A
Average Volume (3M)165.48K
Price to Earnings (P/E)18.5
Beta (1Y)1.42
Revenue Growth-5.23%
EPS Growth8.20%
CountryUS
Employees536
SectorN/A
Sector StrengthN/A
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.30
Shares Outstanding20,142,454
10 Day Avg. Volume123,877
30 Day Avg. Volume165,478
Financial Highlights & Ratios
PEG Ratio2.34
Price to Book (P/B)0.33
Price to Sales (P/S)0.52
P/FCF Ratio4.50
Enterprise Value/Market Cap1.56
Enterprise Value/Revenue1.93
Enterprise Value/Gross Profit2.73
Enterprise Value/Ebitda7.39
Forecast
1Y Price Target
$13.80Price Target Upside70.58% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Re/Max Holdings Business Overview & Revenue Model
Company Description
RE/MAX Holdings, Inc. operates as a franchisor of real estate and mortgage brokerage services in the United States, Canada, and internationally. The company operates through three segments: Real Estate, Mortgage, and Marketing Funds. It offers rea...
How the Company Makes Money
Re/Max Holdings primarily makes money through a franchise model. Key revenue streams include: (1) Franchise fees and dues: Ongoing fees paid by RE/MAX real estate franchises and Motto Mortgage franchises for the right to operate under the brands a...
Re/Max Holdings Earnings Call Summary
Earnings Call Date:Feb 19, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Positive
The call emphasized strong operating discipline, margin performance and strategic progress (record agent count, largest brokerage conversion, product adoption and digital monetization traction), along with improved leverage and clear guidance — all positives. However, headwinds persist from a multi-year slow housing market, a small organic revenue decline and some one-time operating charges and franchise transition impacts. Overall, management portrayed cautious optimism: momentum in strategic initiatives and balance-sheet flexibility offset near-term macro and revenue pressures.Positive Updates
Strong Quarterly Financial Results
Total revenue of $71.1M; adjusted EBITDA of $22.4M; adjusted EBITDA margin of 31.5%; adjusted diluted EPS of $0.30 for Q4 2025.
Negative Updates
Persistently Weak Housing Market
2025 marked the third consecutive year of a historically slow housing market; mortgage rates near ~6% and macro uncertainty continue to pressure activity and timelines despite underlying demand.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Quarterly Financial Results
Total revenue of $71.1M; adjusted EBITDA of $22.4M; adjusted EBITDA margin of 31.5%; adjusted diluted EPS of $0.30 for Q4 2025.
Read all positive updates
Company Guidance
RE/MAX provided Q1 and full‑year 2026 guidance assuming no further currency moves, acquisitions or divestitures: Q1 agent count +1.5% to +2.5% vs. Q1 2025, revenue $69.0–$74.0 million (including $16–$18 million of marketing‑fund revenue) and adjusted EBITDA $14–$17 million; full‑year agent count +1.5% to +3.5% vs. FY2025, revenue $285–$305 million (including $66–$70 million of marketing‑fund revenue) and adjusted EBITDA $90–$100 million. Management noted a year‑end total leverage ratio of 3.12x (Dec. 31) and expects to remain below 3.5x throughout 2026 while balancing reinvestment, cash build and potential return of capital.Re/Max Holdings Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
68
Positive
Cash Flow
63
Positive
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Re/Max Holdings Technical Analysis
Neutral
8.09
Price Trends
6.26
Positive
7.09
Negative
7.84
Negative
Market Momentum
-0.06
Negative
61.93
Neutral
82.94
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RMAX, the sentiment is Neutral. The current price of 8.09 is above the 20-day moving average (MA) of 5.91, above the 50-day MA of 6.26, and above the 200-day MA of 7.84, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 61.93 is Neutral, neither overbought nor oversold. The STOCH value of 82.94 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for RMAX.
Re/Max Holdings Peers Comparison
UnderperformOutperform
Sector (―)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | ― | ― | ― | ― | ― | ― | |
66 Neutral | $2.91B | 24.52 | 8.82% | 0.68% | 21.60% | 95.06% | |
62 Neutral | $362.01M | 18.48 | 1.84% | ― | -5.23% | 8.20% | |
62 Neutral | $459.02M | -48.05 | -17.31% | ― | 55.65% | 72.58% | |
57 Neutral | $1.00B | -63.56 | -10.00% | 2.09% | 4.48% | -4.71% | |
50 Neutral | $173.79M | 13.94 | 10.23% | ― | 3.75% | ― |
* Sector Average
RMAX
Re/Max Holdings
10.70
2.91
37.36%
EXPI
eXp World Holdings
6.22
-2.79
-30.93%
NMRK
Newmark Group
16.12
5.42
50.64%
REAX
Real Brokerage
2.10
-2.28
-52.05%
DOUG
Douglas Elliman Inc.
2.01
0.33
19.64%
Re/Max Holdings Corporate Events
Business Operations and StrategyDelistings and Listing ChangesM&A TransactionsStock Split
RE/MAX and Real Brokerage Announce Transformative Merger Agreement
Positive
Apr 28, 2026
On April 26, 2026, RE/MAX Holdings, Inc. entered into an Arrangement Agreement and Plan of Merger with The Real Brokerage Inc. and several subsidiaries to combine into a new holding company to be named Real REMAX Group. Upon closing, RE/MAX shareh...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Real Brokerage to Acquire RE/MAX, Form Real REMAX Group
Positive
Apr 27, 2026
On April 27, 2026, The Real Brokerage Inc. and RE/MAX Holdings announced a definitive agreement under which Real will acquire RE/MAX for an implied enterprise value of about $880 million, creating a combined technology-enabled global real estate p...
Business Operations and StrategyLegal Proceedings
Re/Max Settles Class Action, Reducing Litigation Uncertainty
Negative
Mar 25, 2026
On March 19, 2026, RE/MAX, LLC entered into a Stipulation and Agreement of Settlement to resolve all remaining claims against it in the putative class action Mya Batton et al. v. The National Association of Realtors et al., which had been pending ...
Business Operations and StrategyExecutive/Board Changes
RE/MAX Elevates Leadership to Drive Global Growth Strategy
Positive
Feb 18, 2026
On February 17, 2026, RE/MAX, LLC promoted Chris Lim to President and Chief Growth Officer, formalizing his oversight of the company’s global network and long-term strategic vision while granting him a compensation package heavily tied to pe...
Executive/Board Changes
RE/MAX Holdings Announces Immediate Resignation from Board
Neutral
Feb 11, 2026
On February 10, 2026, RE/MAX Holdings, Inc., a major real estate franchisor serving a global network of residential and commercial brokers, announced a change in its board composition. On that date, Dr. Christine Riordan informed the company’...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.