RMAX (RE/MAX Holdings) E10: $0.16 (As of Jun. 2026)

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RMAX RE/MAX Holdings Inc RMAX
60 GF Score
Price $14.17
GF Value $7.62
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is RE/MAX Holdings E10?

RE/MAX Holdings RMAX -1.67% 60 E10 is $0.16 as of Jun. 2026. GuruFocus rates RMAX with a GF Score™ of 60/100 and a GF Value™ of $7.62 (Significantly Overvalued). The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

RE/MAX Holdings's adjusted earnings per share data for the three months ended in Jun. 2026 was $-0.200. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $0.16 for the trailing ten years ended in Jun. 2026.

During the past 12 months, RE/MAX Holdings's average E10 Growth Rate was -57.90% per year. During the past 3 years, the average E10 Growth Rate was -31.60% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of RE/MAX Holdings was -31.60% per year. The lowest was -31.60% per year. And the median was -31.60% per year.

As of today (2026-08-20), RE/MAX Holdings's current stock price is $14.17. RE/MAX Holdings's E10 for the quarter that ended in Jun. 2026 was $0.16. RE/MAX Holdings's Shiller PE Ratio of today is 88.56.

During the past 13 years, the highest Shiller PE Ratio of RE/MAX Holdings was 91.00. The lowest was 13.48. And the median was 21.87.


RE/MAX Holdings  (NYSE:RMAX) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

RE/MAX Holdings's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=14.17/0.16
=88.56

* 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 Shiller P/E Ratio of RE/MAX Holdings was 91.00. The lowest was 13.48. And the median was 21.87.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


RE/MAX Holdings E10 Related Terms


RE/MAX Holdings E10 Historical Data

* Premium members only.

The historical data trend for RE/MAX Holdings's E10 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 E10 Chart

RE/MAX Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.97 0.54 0.44 0.31

RE/MAX Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
E10 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 0.38 0.35 0.31 0.23 0.16

RMAX vs NEN, ARL, DOUG: E10 Comparison

For the Real Estate Services subindustry, RE/MAX Holdings's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Real Estate Industry

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

* The bar in red indicates where RE/MAX Holdings's Shiller PE Ratio falls into.


RMAX
60GF Score
RE/MAX Holdings Inc RMAX
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RE/MAX Holdings E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-0.2/333.9520*333.9520
=-0.200

Current CPI (Jun. 2026) = 333.9520.

RE/MAX Holdings Quarterly Data

per share eps CPI Adj_EPS
201609 0.380 241.428 0.526
201612 0.220 241.432 0.304
201703 0.260 243.801 0.356
201706 0.420 244.955 0.573
201709 0.210 246.819 0.284
201712 -0.200 246.524 -0.271
201803 0.280 249.554 0.375
201806 0.430 251.989 0.570
201809 0.460 252.439 0.609
201812 0.350 251.233 0.465
201903 0.250 254.202 0.328
201906 0.480 256.143 0.626
201909 0.510 256.759 0.663
201912 0.160 256.974 0.208
202003 0.150 258.115 0.194
202006 0.190 257.797 0.246
202009 0.200 260.280 0.257
202012 0.070 260.474 0.090
202103 0.060 264.877 0.076
202106 0.280 271.696 0.344
202109 -1.340 274.310 -1.631
202112 0.160 278.802 0.192
202203 0.080 287.504 0.093
202206 0.300 296.311 0.338
202209 0.010 296.808 0.011
202212 -0.140 296.797 -0.158
202303 -0.040 301.836 -0.044
202306 0.110 305.109 0.120
202309 -3.280 307.789 -3.559
202312 -0.590 306.746 -0.642
202403 -0.180 312.332 -0.192
202406 0.190 314.175 0.202
202409 0.050 315.301 0.053
202412 0.290 315.605 0.307
202503 -0.100 319.799 -0.104
202506 0.230 322.561 0.238
202509 0.190 324.800 0.195
202512 0.070 324.054 0.072
202603 -0.480 330.213 -0.485
202606 -0.200 333.952 -0.200

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of $0.16 mean?
RE/MAX Holdings (RMAX) has a E10 of $0.16 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on RE/MAX Holdings and its competitors.
Is RE/MAX Holdings' E10 too high?
RE/MAX Holdings' current E10 is $0.16. Overall, RE/MAX Holdings has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does RE/MAX Holdings' E10 compare to NEN and ARL?
RE/MAX Holdings' E10 of $0.16 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 E10 for a Real Estate company?
A good E10 depends on the Real Estate industry context. However, E10 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 E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on RE/MAX Holdings and its competitors. RE/MAX Holdings's current E10 is $0.16. 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 (RMAX) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.62, compared to a current price of $14.17 — trading 86% above its estimated fair value. The current E10 is $0.16. RE/MAX Holdings' overall GF Score™ is 60/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For RE/MAX Holdings (RMAX), the current E10 is $0.16 as of Jun. 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 (RMAX) Overvalued in 2026?

Based on GuruFocus' analysis, RE/MAX Holdings stock appears to be overvalued. The current stock price of $14.17 is trading 86% above its estimated GF Value™ of $7.62. GuruFocus considers RE/MAX Holdings to be Significantly Overvalued.

Key valuation signals for RMAX:

  • E10: $0.16
  • GF Value™: $7.62 vs. price of $14.17 (86% above fair value)
  • GF Score™: 60/100 with 6 warning signs

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


RE/MAX Holdings Business Description

Other Exchanges 2RM: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.
60GF Score

Get the complete analysis for RMAX

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$14.17
Price
$7.62
GF Value