Re/Max Holdings (RMAX)
NYSE:RMAX
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Re/Max Holdings
(NYSE:RMAX)
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Rating:62Neutral
Price Target:
$9.50
▲(17.43% Upside)
Action:Reiterated
Date:05/09/26
RMAX scores as a moderate setup: financial performance is stable but constrained by multi-year revenue contraction and near-breakeven TTM profitability, partially offset by sharply improved leverage and positive cash generation. Technicals are a clear positive with strong momentum above major moving averages, while valuation is a key drag due to a negative P/E and no dividend yield provided. Guidance and strategic progress support the outlook, and the pending merger is a meaningful potential catalyst but adds deal-execution uncertainty.
Re/Max Holdings (RMAX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$322.38M
Dividend YieldN/A
Average Volume (3M)165.48K
Price to Earnings (P/E)―
Beta (1Y)1.37
Revenue Growth-5.43%
EPS Growth-93.40%
CountryUS
Employees536
SectorN/A
Sector StrengthN/A
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.16
Shares Outstanding21,232,815
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 Cap1.68
Enterprise Value/Revenue1.89
Enterprise Value/Gross Profit2.82
Enterprise Value/Ebitda8.73
Forecast
1Y Price Target
$13.80Price Target Upside70.58% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
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:Aug 05, 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
62
Positive
Cash Flow
58
Neutral
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Re/Max Holdings Technical Analysis
Positive
8.09
Price Trends
7.51
Positive
7.39
Positive
7.98
Positive
Market Momentum
0.48
Positive
57.74
Neutral
16.92
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For RMAX, the sentiment is Positive. The current price of 8.09 is below the 20-day moving average (MA) of 9.78, above the 50-day MA of 7.51, and above the 200-day MA of 7.98, indicating a neutral trend. The MACD of 0.48 indicates Positive momentum. The RSI at 57.74 is Neutral, neither overbought nor oversold. The STOCH value of 16.92 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for RMAX.
Re/Max Holdings Peers Comparison
UnderperformOutperform
Sector (―)
RMAX
Re/Max Holdings
9.54
2.44
34.37%
NMRK
Newmark Group
14.46
4.28
42.02%
REAX
Real Brokerage
1.80
-2.35
-56.63%
DOUG
Douglas Elliman Inc.
1.78
-0.32
-15.24%
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 ...
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.