RWAX (TAP Real Estate Technologies) Enterprise Value: $12.96 Mil (As of Jun. 28, 2026) ***


What is TAP Real Estate Technologies Enterprise Value?

TAP Real Estate Technologies RWAX Enterprise Value is $12.96 Mil as of Jun. 28, 2026. The stock has 4 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, TAP Real Estate Technologies's Enterprise Value is $12.96 Mil. TAP Real Estate Technologies's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $-13.22 Mil. Therefore, TAP Real Estate Technologies's EV-to-EBIT ratio for today is -0.98.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, TAP Real Estate Technologies's Enterprise Value is $12.96 Mil. TAP Real Estate Technologies's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $-13.22 Mil. Therefore, TAP Real Estate Technologies's EV-to-EBITDA ratio for today is -0.98.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, TAP Real Estate Technologies's Enterprise Value is $12.96 Mil. TAP Real Estate Technologies's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was $0.00 Mil. Therefore, TAP Real Estate Technologies's EV-to-Revenue ratio for today is .

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, TAP Real Estate Technologies's Enterprise Value is $12.96 Mil. TAP Real Estate Technologies's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $-1.75 Mil. Therefore, TAP Real Estate Technologies's EV-to-OCF ratio for today is -7.42.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, TAP Real Estate Technologies's Enterprise Value is $12.96 Mil. TAP Real Estate Technologies's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $-1.75 Mil. Therefore, TAP Real Estate Technologies's EV-to-FCF ratio for today is -7.42.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


TAP Real Estate Technologies  (OTCPK:RWAX) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

TAP Real Estate Technologies's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=12.955/-13.221
=-0.98

TAP Real Estate Technologies's current Enterprise Value is $12.96 Mil.
TAP Real Estate Technologies's EBIT 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 $-13.22 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

TAP Real Estate Technologies's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=12.955/-13.221
=-0.98

TAP Real Estate Technologies's current Enterprise Value is $12.96 Mil.
TAP Real Estate 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 $-13.22 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

TAP Real Estate Technologies's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=12.955/0
=

TAP Real Estate Technologies's current Enterprise Value is $12.96 Mil.
TAP Real Estate Technologies's Revenue 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 $0.00 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

TAP Real Estate Technologies's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=12.955/-1.747
=-7.42

TAP Real Estate Technologies's current Enterprise Value is $12.96 Mil.
TAP Real Estate Technologies's Cash Flow from Operations 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 $-1.75 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

TAP Real Estate Technologies's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=12.955/-1.747
=-7.42

TAP Real Estate Technologies's current Enterprise Value is $12.96 Mil.
TAP Real Estate Technologies's Free Cash Flow 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 $-1.75 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.


TAP Real Estate Technologies Enterprise Value Related Terms


TAP Real Estate Technologies Enterprise Value Historical Data

* Premium members only.

The historical data trend for TAP Real Estate Technologies's Enterprise Value 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.

TAP Real Estate Technologies Enterprise Value Chart

TAP Real Estate Technologies Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 307.99 49.66 13.33 30.45 11.02

TAP Real Estate Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Enterprise Value 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 -4.05 -3.27 12.47 11.02 18.60

RWAX vs AIRE, LHAI, AWCA: Enterprise Value Comparison

For the Real Estate Services subindustry, TAP Real Estate Technologies's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.


TAP Real Estate Technologies Enterprise Value vs Real Estate Industry

For the Real Estate industry and Real Estate sector, TAP Real Estate Technologies's Enterprise Value distribution charts can be found below:

* The bar in red indicates where TAP Real Estate Technologies's Enterprise Value falls into.



TAP Real Estate Technologies Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

TAP Real Estate Technologies's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

TAP Real Estate Technologies's Enterprise Value for the quarter that ended in Mar. 2026 is calculated as

* 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 Enterprise Value →
What does a Enterprise Value of $12.96 Mil mean?
TAP Real Estate Technologies (RWAX) has a Enterprise Value of $12.96 Mil as of Jun. 28, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on TAP Real Estate Technologies and its competitors.
Is TAP Real Estate Technologies' Enterprise Value too high?
TAP Real Estate Technologies' current Enterprise Value is $12.96 Mil.
How does TAP Real Estate Technologies' Enterprise Value compare to AIRE and LHAI?
TAP Real Estate Technologies' Enterprise Value of $12.96 Mil 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 Enterprise Value for a Real Estate company?
A good Enterprise Value depends on the Real Estate industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on TAP Real Estate Technologies and its competitors. TAP Real Estate Technologies's current Enterprise Value is $12.96 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TAP Real Estate Technologies stock overvalued right now?
TAP Real Estate Technologies (RWAX) has a current Enterprise Value of $12.96 Mil. The current Enterprise Value is $12.96 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For TAP Real Estate Technologies (RWAX), the current Enterprise Value is $12.96 Mil as of Jun. 28, 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.

TAP Real Estate Technologies Business Description

Address 101 W. Broadway, Suite 1450, San Diego, CA, USA, 92101
TAP Real Estate Technologies Inc is focused on the acquisition, management, and tokenization of real estate. The company seeks to combine established real estate fundamentals with emerging digital and blockchain tokenization technologies in order to enhance transparency, operational efficiency, and investor access in the real estate industry. The TAP Technology Platform products consists of TAP AI Analyzer, TAURUS AI-Agent, TAP Wallet, TAP Token Engine, TAP Smart Contracts, TAP Invest, and TAP Registry. The company operates in single segment.