RE/MAX Holdings (HAM:2RM) Cyclically Adjusted PS Ratio: 0.62 (As of Jul. 11, 2026) — Near Median


HAM:2RM RE/MAX Holdings Inc HAM:2RM
47 GF Score
Price €9.68
GF Value €7.21
Valuation Significantly Overvalued
! 8 Warning Signs
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What is RE/MAX Holdings Cyclically Adjusted PS Ratio?

RE/MAX Holdings HAM:2RM -1.73% 47 Cyclically Adjusted PS Ratio is 0.62 as of Jul. 11, 2026, which is 2% above its 10-year median of 0.61. GuruFocus rates HAM:2RM with a GF Score™ of 47/100 and a GF Value™ of €7.21 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,357 Real Estate companies, RE/MAX Holdings ranks better than 74.5% on this metric.

As of today (2026-07-11), RE/MAX Holdings's current share price is €9.68. RE/MAX Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €15.60. RE/MAX Holdings's Cyclically Adjusted PS Ratio for today is 0.62.

The historical rank and industry rank for RE/MAX Holdings's Cyclically Adjusted PS Ratio or its related term are showing as below:

HAM:2RM' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.32   Med: 0.61   Max: 1.69
Current: 0.6

During the past years, RE/MAX Holdings's highest Cyclically Adjusted PS Ratio was 1.69. The lowest was 0.32. And the median was 0.61.

HAM:2RM's Cyclically Adjusted PS Ratio is ranked better than
74.5% of 1357 companies
in the Real Estate industry
Industry Median: 1.83 vs HAM:2RM: 0.60

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

RE/MAX Holdings's adjusted revenue per share data for the three months ended in Mar. 2026 was €2.964. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €15.60 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


RE/MAX Holdings  (HAM:2RM) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


RE/MAX Holdings Cyclically Adjusted PS Ratio Related Terms


RE/MAX Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for RE/MAX Holdings's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

RE/MAX Holdings Cyclically Adjusted PS Ratio Chart

RE/MAX Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 1.12 0.78 0.62 0.44

RE/MAX Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.48 0.47 0.54 0.44 0.33

HAM:2RM vs NEN, DOUG, CHCI: Cyclically Adjusted PS Ratio Comparison

For the Real Estate Services subindustry, RE/MAX Holdings's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


RE/MAX Holdings Cyclically Adjusted PS Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, RE/MAX Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where RE/MAX Holdings's Cyclically Adjusted PS Ratio falls into.


HAM:2RM
47GF Score
RE/MAX Holdings Inc HAM:2RM
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RE/MAX Holdings Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

RE/MAX Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=9.68/15.60
=0.62

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

RE/MAX Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, RE/MAX Holdings's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=2.964/330.2130*330.2130
=2.964

Current CPI (Mar. 2026) = 330.2130.

RE/MAX Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.186 241.018 2.995
201609 2.294 241.428 3.138
201612 2.342 241.432 3.203
201703 2.502 243.801 3.389
201706 2.447 244.955 3.299
201709 2.321 246.819 3.105
201712 2.310 246.524 3.094
201803 2.404 249.554 3.181
201806 2.615 251.989 3.427
201809 2.646 252.439 3.461
201812 2.515 251.233 3.306
201903 3.535 254.202 4.592
201906 3.542 256.143 4.566
201909 3.641 256.759 4.683
201912 3.414 256.974 4.387
202003 3.526 258.115 4.511
202006 2.555 257.797 3.273
202009 3.285 260.280 4.168
202012 3.176 260.474 4.026
202103 3.219 264.877 4.013
202106 3.385 271.696 4.114
202109 4.127 274.310 4.968
202112 4.196 278.802 4.970
202203 4.301 287.504 4.940
202206 4.553 296.311 5.074
202209 4.759 296.808 5.295
202212 4.230 296.797 4.706
202303 4.452 301.836 4.871
202306 4.139 305.109 4.480
202309 4.193 307.789 4.498
202312 3.848 306.746 4.142
202403 3.897 312.332 4.120
202406 3.835 314.175 4.031
202409 3.629 315.301 3.801
202412 3.463 315.605 3.623
202503 3.570 319.799 3.686
202506 3.126 322.561 3.200
202509 3.017 324.800 3.067
202512 2.919 324.054 2.974
202603 2.964 330.213 2.964

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 0.62 mean?
RE/MAX Holdings (HAM:2RM) has a Cyclically Adjusted PS Ratio of 0.62 as of Jul. 11, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on RE/MAX Holdings and its competitors. This is near median its historical median of 0.61. Over the past decade, RE/MAX Holdings' Cyclically Adjusted PS Ratio has ranged from 0.32 to 1.69. According to the industry distribution chart, RE/MAX Holdings ranks #346 out of 1357 companies in the Real Estate industry, placing it in the top 25.5%.
Is RE/MAX Holdings' Cyclically Adjusted PS Ratio too high?
RE/MAX Holdings' current Cyclically Adjusted PS Ratio of 0.62 is near median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 1.69. The Real Estate industry median Cyclically Adjusted PS Ratio is 1.83. RE/MAX Holdings' value of 0.62 is 66.1% below this industry median. Based on the distribution chart, RE/MAX Holdings ranks #346 out of 1357 companies in the Real Estate industry, which is above the industry midpoint. Overall, RE/MAX Holdings has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does RE/MAX Holdings' Cyclically Adjusted PS Ratio compare to NEN and DOUG?
According to the Real Estate industry distribution chart, RE/MAX Holdings ranks #346 out of 1357 companies for Cyclically Adjusted PS Ratio. This puts RE/MAX Holdings in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.83. RE/MAX Holdings' value of 0.62 is 66.1% below this benchmark. Historically, RE/MAX Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.32 to 1.69 over the past decade. While the company's 10-year median is 0.61 vs. the industry median of 1.83, RE/MAX Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Real Estate company?
The median Cyclically Adjusted PS Ratio among Real Estate companies is 1.83, based on 1,357 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. RE/MAX Holdings's current Cyclically Adjusted PS Ratio of 0.62 is 66.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on RE/MAX Holdings and its competitors. For the Real Estate industry, the median Cyclically Adjusted PS Ratio is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RE/MAX Holdings's current Cyclically Adjusted PS Ratio is 0.62, which is near median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RE/MAX Holdings stock overvalued right now?
Based on GuruFocus' analysis, RE/MAX Holdings (HAM:2RM) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.21, compared to a current price of €9.68 — trading 34.3% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.62, which is near median its 10-year median of 0.61 and 66.1% below the Real Estate industry median of 1.83. RE/MAX Holdings' overall GF Score™ is 47/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For RE/MAX Holdings (HAM:2RM), the current Cyclically Adjusted PS Ratio is 0.62 as of Jul. 11, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is RE/MAX Holdings (HAM:2RM) Overvalued in 2026?

Based on GuruFocus' analysis, RE/MAX Holdings stock appears to be overvalued. The current stock price of €9.68 is trading 34.3% above its estimated GF Value™ of €7.21. GuruFocus considers RE/MAX Holdings to be Significantly Overvalued.

Key valuation signals for HAM:2RM:

  • Cyclically Adjusted PS Ratio: 0.62 (near median its 10-year median of 0.61)
  • GF Value™: €7.21 vs. price of €9.68 (34.3% above fair value)
  • GF Score™: 47/100 with 8 warning signs
  • Industry Position: 66.1% below the Real Estate median (#346 of 1357)

No single metric tells the full story. See the HAM:2RM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


RE/MAX Holdings Business Description

Other Exchanges RMAX:USA2RM:Germany
Address 5075 South Syracuse Street, Denver, CO, USA, 80237
RE/MAX Holdings Inc operates as a franchisor of real estate brokerage services. It recruits and retains agents and sells franchises. The company's operating segments include Real Estate, Mortgage, Marketing Funds, and Others. It generates maximum revenue from the Real Estate segment.
47GF Score

Get the complete analysis for HAM:2RM

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€9.68
Price
€7.21
GF Value