RE/MAX Holdings (HAM:2RM) Cyclically Adjusted Revenue per Share: €15.60 (As of Mar. 2026)


HAM:2RM RE/MAX Holdings Inc HAM:2RM
47 GF Score
Price €9.68
GF Value €7.21
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is RE/MAX Holdings Cyclically Adjusted Revenue per Share?

RE/MAX Holdings HAM:2RM -1.73% 47 Cyclically Adjusted Revenue per Share is €15.60 as of Mar. 2026. 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.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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 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 the count will get our Cyclically Adjusted Revenue per Share, which is €15.60 for the trailing ten years ended in Mar. 2026.

During the past 12 months, RE/MAX Holdings's average Cyclically Adjusted Revenue Growth Rate was 1.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 1.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of RE/MAX Holdings was 1.20% per year. The lowest was 1.20% per year. And the median was 1.20% per year.

As of today (2026-07-11), RE/MAX Holdings's current stock 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 of today is 0.62.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of RE/MAX Holdings was 1.69. The lowest was 0.32. And the median was 0.61.


RE/MAX Holdings  (HAM:2RM) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 Cyclically Adjusted PS Ratio of 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of RE/MAX Holdings was 1.69. The lowest was 0.32. And the median was 0.61.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


RE/MAX Holdings Cyclically Adjusted Revenue per Share Related Terms


RE/MAX Holdings Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for RE/MAX Holdings's Cyclically Adjusted Revenue per Share 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 Revenue per Share Chart

RE/MAX Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 14.57

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 Revenue per Share 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 0.00 0.00 0.00 14.57 15.60

HAM:2RM vs NEN, DOUG, CHCI: Cyclically Adjusted Revenue per Share 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 Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RE/MAX Holdings Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

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.

What does a Cyclically Adjusted Revenue per Share of €15.60 mean?
RE/MAX Holdings (HAM:2RM) has a Cyclically Adjusted Revenue per Share of €15.60 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on RE/MAX Holdings and its competitors.
Is RE/MAX Holdings' Cyclically Adjusted Revenue per Share too high?
RE/MAX Holdings' current Cyclically Adjusted Revenue per Share is €15.60. 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 Revenue per Share compare to NEN and DOUG?
RE/MAX Holdings' Cyclically Adjusted Revenue per Share of €15.60 can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Real Estate company?
A good Cyclically Adjusted Revenue per Share depends on the Real Estate industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on RE/MAX Holdings and its competitors. RE/MAX Holdings's current Cyclically Adjusted Revenue per Share is €15.60. 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 Revenue per Share is €15.60. 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 Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For RE/MAX Holdings (HAM:2RM), the current Cyclically Adjusted Revenue per Share is €15.60 as of Mar. 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 Revenue per Share: €15.60
  • GF Value™: €7.21 vs. price of €9.68 (34.3% above fair value)
  • GF Score™: 47/100 with 8 warning signs

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 Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€9.68
Price
€7.21
GF Value