RE/MAX Holdings
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
33.846.72
Price/Sales ratio
0.530.51
Earnings per Share (EPS)
$0.26$1.33

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
29.5928.3743.4166.9420.1614.6332.97-23.1436.70-3.49-2.2414.63
Price/Sales ratio
2.322.675.594.372.562.422.481.720.980.740.512.42
Price/Book Value ratio
1.561.052.121.831.131.371.271.120.720.580.391.37
Price/Cash Flow ratio
6.246.3315.3313.557.178.689.3113.424.898.544.648.68
Price/Free Cash Flow ratio
6.456.6616.4814.047.9810.4210.3220.945.6811.056.0610.42
Price/Earnings Growth ratio
0.032.19-28.43-1.510.180.20-0.560.10-0.260.00-0.510.20
Dividend Yield
0.72%5.07%1.07%1.49%2.62%2.19%2.47%3.12%5.22%5.61%2.64%2.62%
Profitability Indicator Ratios
Gross Profit Margin
100%91.44%90.87%89.53%90.27%74.38%75.78%75.01%74.44%74.24%68.99%74.38%
Operating Profit Margin
37.33%41.92%41.06%51.15%36.61%24.24%14.28%11.01%15.69%-3.26%1.80%24.24%
Pretax Profit Margin
31.53%35.83%35.78%46.32%31.11%20.46%10.94%-6.72%5.12%-12.75%-14.23%20.46%
Net Profit Margin
7.85%9.41%12.89%6.54%12.71%16.59%7.52%-7.46%2.68%-21.19%-22.50%16.59%
Effective Tax Rate
18.44%18.98%24.21%61.23%23.87%18.88%31.25%-11.09%47.67%-137.09%108.70%23.87%
Return on Assets
3.74%4.32%5.20%3.15%6.33%8.63%3.59%-3.17%1.36%-11.95%-12.65%8.63%
Return On Equity
5.27%3.70%4.90%2.74%5.61%9.41%3.87%-4.84%1.97%-16.79%-16.69%9.41%
Return on Capital Employed
20.22%22.60%18.53%27.61%20.49%15.72%8.63%5.76%9.66%-2.48%1.36%15.72%
Liquidity Ratios
Current Ratio
3.062.351.741.831.861.331.41N/AN/AN/A1.211.33
Quick Ratio
3.042.341.741.831.861.141.241.221.361.181.121.14
Cash ratio
2.511.921.231.161.270.770.860.860.900.550.870.87
Days of Sales Outstanding
37.6434.6040.2037.7836.3637.0341.1438.3133.5839.3740.3236.36
Days of Inventory outstanding
N/A8.540.00N/AN/A103.99112.62142.33119.07N/AN/A103.99
Operating Cycle
N/A43.1440.2037.7836.36141.03153.76180.65152.6639.3740.3236.36
Days of Payables Outstanding
N/A12.4222.679.1933.3615.0511.9422.9824.9120.4511.3615.05
Cash Conversion Cycle
N/A30.7217.5228.583.00125.97141.82157.66127.7418.9128.963.00
Debt Ratios
Debt Ratio
0.590.510.520.560.530.420.410.590.650.780.790.53
Debt Equity Ratio
0.830.440.490.490.470.460.440.900.941.101.090.47
Long-term Debt to Capitalization
0.440.290.330.320.310.300.290.460.480.510.510.31
Total Debt to Capitalization
0.450.300.330.320.320.310.300.470.480.520.520.32
Interest Coverage Ratio
6.866.798.446.815.955.624.97N/AN/AN/A0.315.62
Cash Flow to Debt Ratio
0.300.370.270.270.330.340.300.090.150.060.070.34
Company Equity Multiplier
1.400.850.940.870.881.081.071.521.441.401.370.88
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.370.420.360.320.350.270.260.120.200.080.100.27
Free Cash Flow / Operating Cash Flow Ratio
0.960.950.930.960.890.830.900.640.860.770.780.83
Cash Flow Coverage Ratio
0.300.370.270.270.330.340.300.090.150.060.070.34
Short Term Coverage Ratio
6.735.0327.3926.9329.0010.198.733.886.092.252.7310.19
Dividend Payout Ratio
21.59%144.11%46.52%99.82%52.89%32.17%81.68%-72.43%191.73%-19.63%-12.98%32.17%