Real Matters Inc
TSX:REAL

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Real Matters Inc
TSX:REAL
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Price: 5.85 CAD -4.72% Market Closed
Market Cap: CA$434.6m

P/S

1.8
Current
5%
Cheaper
vs 3-y average of 1.9

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
1.8
=
Market Cap
CA$442m
/
Revenue
$175.3m

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
1.8
=
Market Cap
CA$442m
/
Revenue
$175.3m

Valuation Scenarios

Real Matters Inc is trading below its 3-year average

If P/S returns to its 3-Year Average (1.9), the stock would be worth CA$6.16 (5% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+97%
Average Upside
42%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 1.8 CA$5.85
0%
3-Year Average 1.9 CA$6.16
+5%
5-Year Average 1.8 CA$5.91
+1%
Industry Average 3.5 CA$11.52
+97%
Country Average 2.9 CA$9.58
+64%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
CA$442m
/
Jan 2026
$175.3m
=
1.8
Current
CA$442m
/
Sep 2026
$59.9m
=
7.4
Forward
CA$442m
/
Sep 2027
$75.7m
=
5.8
Forward
CA$442m
/
Sep 2028
$86.9m
=
5.1
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
P/E Multiple
Earnings Growth PEG
CA
Real Matters Inc
TSX:REAL
Average P/E: 90.8
Negative Multiple: -11
N/A N/A
US
CBRE Group Inc
NYSE:CBRE
37.6
36%
1
CN
K
Ke Holdings Inc
HKEX:2423
41.2
-2%
N/A
US
Jones Lang LaSalle Inc
NYSE:JLL
20.2
19%
1.1
US
Zillow Group Inc
NASDAQ:ZG
469.5
242%
1.9
CA
FirstService Corp
TSX:FSV
41.6
31%
1.3
US
C
Compass Inc
NYSE:COMP
Negative Multiple: -100.1 N/A N/A
CA
Colliers International Group Inc
TSX:CIGI
54.6
67%
0.8
US
Opendoor Technologies Inc
NASDAQ:OPEN
Negative Multiple: -4 N/A N/A
UK
Cushman & Wakefield PLC
NYSE:CWK
38.1
73%
0.5
US
Newmark Group Inc
NASDAQ:NMRK
23.7
52%
0.5

Market Distribution

In line with most companies in Canada
Percentile
35th
Based on 2 477 companies
35th percentile
1.8
Low
0 — 1.4
Typical Range
1.4 — 4.9
High
4.9 —
Distribution Statistics
Canada
Min 0
30th Percentile 1.4
Median 2.9
70th Percentile 4.9
Max 15 623 917.6

Real Matters Inc
Glance View

Market Cap
434.6m CAD
Industry
Real Estate

Real Matters, Inc. engages in the provision of management services to mortgage lending and insurance industries. The company is headquartered in Thornhill, Ontario. The company went IPO on 2017-05-11. The firm is focused on providing appraisal services through its Solidifi brand to the mortgage lending industry in the United States and Canada, title services through its Solidifi brand to the mortgage lending industry in the United States and insurance inspection services through its iv3 brand to the insurance industry in Canada. Its technology-based platform creates a competitive marketplace where independent field professionals, including appraisers, real estate agents, property inspectors, notaries, abstractors and other closing agents, compete for volumes provided by its clients based on their performance and professionalism (the platform). Its clients include mortgage lenders in the United States, five Canadian banks and some of North America’s insurance carriers.

REAL Intrinsic Value
7.98 CAD
Undervaluation 27%
Intrinsic Value
Price CA$5.85
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