OPEN (Opendoor Technologies) EV-to-EBITDA: -3.78 (As of Jul. 21, 2026)

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OPEN Opendoor Technologies Inc OPEN
57 GF Score
Price $4.45
GF Value $1.21
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Opendoor Technologies EV-to-EBITDA?

Opendoor Technologies OPEN -1.22% 57 EV-to-EBITDA is -3.78 as of Jul. 21, 2026. GuruFocus rates OPEN with a GF Score™ of 57/100 and a GF Value™ of $1.21 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,387 Real Estate companies, Opendoor Technologies ranks worse than 72097.98% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Opendoor Technologies's enterprise value is $4,627 Mil. Opendoor Technologies's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $-1,224 Mil. Therefore, Opendoor Technologies's EV-to-EBITDA for today is -3.78.

The historical rank and industry rank for Opendoor Technologies's EV-to-EBITDA or its related term are showing as below:

OPEN' s EV-to-EBITDA Range Over the Past 10 Years
Min: -168.78   Med: -15.61   Max: 433.81
Current: -3.78

During the past 8 years, the highest EV-to-EBITDA of Opendoor Technologies was 433.81. The lowest was -168.78. And the median was -15.61.

OPEN's EV-to-EBITDA is ranked worse than
100% of 1387 companies
in the Real Estate industry
Industry Median: 12.48 vs OPEN: -3.78

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-07-21), Opendoor Technologies's stock price is $4.445. Opendoor Technologies's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $-1.600. Therefore, Opendoor Technologies's PE Ratio (TTM) for today is At Loss.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Opendoor Technologies  (NAS:OPEN) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Opendoor Technologies's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=4.445/-1.600
=At Loss

Opendoor Technologies's share price for today is $4.445.
Opendoor Technologies's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.600.

* 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.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


Opendoor Technologies EV-to-EBITDA Related Terms


Opendoor Technologies EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Opendoor Technologies's EV-to-EBITDA 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.

Opendoor Technologies EV-to-EBITDA Chart

Opendoor Technologies Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial -30.01 -5.55 500.20 -13.61 -5.29

Opendoor Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBITDA 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 -14.25 -14.52 -52.05 -5.29 -3.96

OPEN vs CWK, IHS, NMRK: EV-to-EBITDA Comparison

For the Real Estate Services subindustry, Opendoor Technologies's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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.


Opendoor Technologies EV-to-EBITDA vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Opendoor Technologies's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Opendoor Technologies's EV-to-EBITDA falls into.


OPEN
57GF Score
Opendoor Technologies Inc OPEN
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Opendoor Technologies EV-to-EBITDA Calculation

Opendoor Technologies's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=4627.257/-1224
=-3.78

Opendoor Technologies's current Enterprise Value is $4,627 Mil.
Opendoor Technologies's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1,224 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBITDA →
What does a EV-to-EBITDA of -3.78 mean?
Opendoor Technologies (OPEN) has a EV-to-EBITDA of -3.78 as of Jul. 21, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Opendoor Technologies. According to the industry distribution chart, Opendoor Technologies ranks #999999 out of 1387 companies in the Real Estate industry.
Is Opendoor Technologies' EV-to-EBITDA too high?
Opendoor Technologies' current EV-to-EBITDA is -3.78. Based on the distribution chart, Opendoor Technologies ranks #999999 out of 1387 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Opendoor Technologies has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Opendoor Technologies' EV-to-EBITDA compare to CWK and IHS?
According to the Real Estate industry distribution chart, Opendoor Technologies ranks #999999 out of 1387 companies for EV-to-EBITDA. This places Opendoor Technologies in the lower half of its industry. The industry median EV-to-EBITDA is 12.48. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Real Estate company?
The median EV-to-EBITDA among Real Estate companies is 12.48, based on 1,387 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Opendoor Technologies. For the Real Estate industry, the median EV-to-EBITDA is 12.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Opendoor Technologies's current EV-to-EBITDA is -3.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Opendoor Technologies stock overvalued right now?
Based on GuruFocus' analysis, Opendoor Technologies (OPEN) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.21, compared to a current price of $4.45 — trading 267.4% above its estimated fair value. The current EV-to-EBITDA is -3.78. Opendoor Technologies' overall GF Score™ is 57/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Opendoor Technologies (OPEN), the current EV-to-EBITDA is -3.78 as of Jul. 21, 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 Opendoor Technologies (OPEN) Overvalued in 2026?

Based on GuruFocus' analysis, Opendoor Technologies stock appears to be overvalued. The current stock price of $4.45 is trading 267.4% above its estimated GF Value™ of $1.21. GuruFocus considers Opendoor Technologies to be Significantly Overvalued.

Key valuation signals for OPEN:

  • EV-to-EBITDA: -3.78
  • GF Value™: $1.21 vs. price of $4.45 (267.4% above fair value)
  • GF Score™: 57/100 with 3 warning signs

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


Opendoor Technologies Business Description

Address 1295 West Washington Street, Suite 115, Tempe, AZ, USA, 85288
Opendoor Technologies Inc is an end-to-end real estate platform enabling customers to sell and buy a home online. Its product offerings include Sell to Opendoor, its core product where sellers sell their homes directly to the company, and it resells those homes to buyers; List with Opendoor, for customers to list their homes with a partner agent; and Opendoor Marketplace, a capital-light marketplace offering that connects home sellers with both institutional and retail buyers. In addition to these products, the company also offers its customers integrated title insurance and escrow services through its subsidiaries. A vast majority of the company's revenue is generated by its core product offering, where it acquires homes directly from sellers and resells those homes to buyers.
57GF Score

Get the complete analysis for OPEN

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

$4.45
Price
$1.21
GF Value