Reading RMAX? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track RMAX free→Reading RMAX? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track RMAX free→NYSEReal EstateReal Estate ServicesSnapshot 2026-06-15
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is weak, and management's recent track record has been unsteady, with frequent disruptive corporate changes. Earnings quality is robust, indicating that cash backs up reported profits. Peer multiples imply a price about 54% above where it trades (it looks cheap on this basis); the read is cheap, value-trap risk, as it trades below peer multiples while recent financials are weak. If RMAX cuts guidance on the next call, that could be a meaningful negative. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 3 valuation methods, at three horizons. Current price $9.39. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
We can't anchor a clean multiple for RMAX right now, so treat our $21 fair value as low-confidence. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price implies about 54% below a flat-multiple fair value, below our forecast of about -7%. This describes what's priced in, not a forecast of the move.
Only a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Real Estate names rated weak grew net income 56% of the time over the next year (vs 55% for the rest of the cohort, n=1506).
Over the trailing year it converted 5.91x of net income into operating cash flow. Historically, Real Estate names rated robust grew net income 59% of the time over the next year (vs 50% for the rest of the cohort, n=1399).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $0.39 → $0.39 (+0.0% / 30d). 2 raised, 0 cut, 3 covering analysts.
0 upgrades, 0 downgrades / 30d. 50% of analysts rate Buy.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$175.
How much price usually moves either way.
On a bad day, this stock has moved -$458.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $4,467.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: Retail sales data impacts housing demand, which is crucial for RE/MAX's business. Strong sales could signal better housing activity.
Confirms:Retail sales increase more than 1% month over month, suggesting stronger housing demand.
Disproves:Retail sales decline or grow less than 0.5% month over month, indicating weak demand.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for RMAX yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Results of Operations and Financial Conditions. * On May 8, 2026, RE/MAX Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2026. The full text of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. The Company is also disclosing that it may use the remaxholdings.com, investors.remaxholdings.com, remax.com, remax.ca, mottomortgage.com, and wemlo.io websites as means of disclosing m…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
Not enough peers to compare yet.
Self-history needs ~20 months of data.
Trailing four: 2018-Q3, 2020-Q1, 2020-Q2, 2020-Q3
A side-by-side read on sector standing, valuation, and risk versus Real Estate Services.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
RMAX RE/MAX Holdings, Inc. | Typical Show detailsSector percentile: 53 of 100 | inexpensive | elevated |
CBRE CBRE Group | Above typical Show detailsSector percentile: 94 of 100 | fair | moderate |
JLL Jones Lang LaSalle | Above typical Show detailsSector percentile: 96 of 100 | fair | moderate |
CSGP CoStar Group | Above typical Show detailsSector percentile: 93 of 100 | expensive | elevated |
COMP Compass, Inc. | Typical Show detailsSector percentile: 41 of 100 | inexpensive | elevated |
10 material management or governance events in the past 24 months, led by executive changes. Historically, Real Estate names rated volatile grew net income 54% of the time over the next year (vs 57% for the rest of the cohort, n=3774).
Not investment advice. As of 2026-06-15.
via XLRE
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Management expects revenue for 2026 to be between $285 million and $305 million.
Stated in 2 of last 2 quarters. Revenue for 2026 is expected to be between $285 million and $305 million. Revenue for 2025 was guided between $290 million and $294 million, indicating a slight increase in the upper range for 2026. The trajectory shows a recurring focus on maintaining revenue growth.
“For the full year 2026, the Company now expects: Revenue in a range of $285.0 million to $305.0 million.”
“For the full year 2025, the Company now expects: Revenue in a range of $290.0 million to $294.0 million.”
Management expects adjusted EBITDA for 2026 to be between $90 million and $100 million.
Stated in 2 of last 2 quarters. Adjusted EBITDA for 2026 is expected to be between $90 million and $100 million, compared to the 2025 guidance of $90 million to $94 million. This indicates an increase in the upper range, showing a recurring focus on improving profitability.
Management expects revenue for the first quarter of 2026 to be between $69 million and $74 million.
Newly stated in 2026-Q1. Revenue for the first quarter of 2026 is expected to be between $69 million and $74 million. Actual revenue for 2026-Q1 was $70.2 million, which is within the guided range, indicating alignment with expectations.
Why it matters: FOMC decisions on interest rates affect mortgage rates and housing demand. Changes could impact RE/MAX's business outlook.
Confirms one read:FOMC raises rates. This causes higher mortgage rates and may slow down housing sales.
Confirms the other:FOMC keeps rates steady or lowers them, which may boost housing activity.
Entry Into a Material Definitive Agreement. Arrangement Agreement and Plan of Merger On April 26, 2026, RE/MAX Holdings, Inc., a Delaware corporation (the “ Company ”), entered into an Arrangement Agreement and Plan of Merger (the “ Merger Agreement ”) by and among the Company, The Real Brokerage Inc., a company existing under the laws of the Province of British Columbia (“ Parent ”), Rome Wildlife, Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“ New Wildlife ”), Wildl…
Regulation FD Disclosure On April 27, 2026, RE/MAX Holdings, Inc. (the “ Company ”) and The Real Brokerage Inc. (“ Real ”) issued a joint press release announcing that the Company and Real had entered into a definitive agreement pursuant to which Real will acquire the Company. In light of the pending transaction, the Company also announced that it will no longer be holding its first quarter 2026 earnings conference call and webcast scheduled for May 8, 2026. A copy of the press release is att…
Regulation FD Disclosure. On March 19, 2026, RE/MAX, LLC (“REMAX”), a subsidiary of RE/MAX Holdings, Inc. (the “Company”), entered into a Stipulation and Agreement of Settlement (the “Settlement Agreement”) to resolve claims in the pending putative class action lawsuit titled Mya Batton, Aaron Bolton, Michael Brace, Do Yeon Kim, Anna James, James Mullis, Theodore Bisbicos, and Daniel Parsons v. The National Association of Realtors, Anywhere Real Estate, Inc., formerly known as Realogy Holding…
Results of Operations and Financial Conditions. * On February 19, 2026, RE/MAX Holdings, Inc. (the “Company”) issued a press release announcing its financial results for the quarter and full year ended December 31, 2025. The full text of the press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference. The Company is also disclosing that it may use the remaxholdings.com, investors.remaxholdings.com, remax.com, remax.ca, mottomortgage.com, and wemlo.io websites a…
“For the full year 2026, the Company now expects: Adjusted EBITDA in a range of $90.0 million to $100.0 million.”
“For the full year 2025, the Company now expects: Adjusted EBITDA in a range of $90.0 million to $94.0 million.”
“For the first quarter of 2026, RE/MAX Holdings expects: Revenue in a range of $69.0 million to $74.0 million.”