Opendoor Technologies Inc (OPEN) Fair Value & Analysis
Real Estate · US · Market cap $4.6B · ISIN US6837121036
What is Opendoor Technologies Inc really worth?
Opendoor Technologies Inc
OPEN · US
Below-average quality, trading 61% below our fair value of $8.00.
Strengths
Risks
Fair value as of: Sep 2, 2026
From 9 valuation models · updated 2 days ago
Fair value updated Sep 2, 2026, revised from $8.53 to $8.00 (−6.2%) since Aug 27, 2026. Share price −24.0% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price is below even our cautious bear case ($5.77). The market is more pessimistic than our downside scenario.
- Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range ($5.77 to $11.04) leaves room in how you read the outcome.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 2, 2026.
How to read this chart
60‑month range $0.5120 – $24.75 · fair‑value band $5.77 – $11.04 · the $3.13 price screens below the $8.00 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 2, 2026.
Analysis
Opendoor Technologies Inc (OPEN) currently trades at $3.13, while our model-based Fair Value estimate is $8.00, implying the stock looks roughly 60.9% undervalued today. The Quality Score stands at 45/100 (below-average quality), in the Real Estate sector. Bull case: the Growth DCF group reads highest at a median of $15.06 per share, and 8 of the 9 models we run sit above the $3.13 price. Bear case: the Dividend Discount group reads lowest at $4.44, and 1 of the 9 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Opendoor Technologies Inc generated revenue of $3.9B at a net margin of −35.3%. Revenue declined 37.6% year over year. The balance sheet holds a net cash position of $769M. Fundamentals as of Sep 2, 2026
Our scenario range runs from $5.77 (bear case) to $11.04 (bull case); at $3.13, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 71% below its 52-week high, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −23% fair-value upside, at 156%, OPEN screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 9 models by family
Widest divergence: Growth DCF ($15.06) versus Asset-Based ($0.7000). Highest evidence: FCF DCF (80).
Notify me when OPEN reaches fair value
Put OPEN on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 2, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 53 · Market factors (momentum, volatility) 5
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States. It buys and sells homes through online e-commerce platform. The company also resells the home to a home buyer.
Full company description
Opendoor Technologies Inc. operates a digital platform for residential real estate transactions in the United States. It buys and sells homes through online e-commerce platform. The company also resells the home to a home buyer. In addition, it offers real estate brokerage, title insurance and settlement, and escrow services, as well as property and casualty insurance, real estate licenses, and construction services. The company was formerly known as Social Capital Hedosophia Holdings Corp. II and changed its name to Opendoor Technologies Inc. Opendoor Technologies Inc. was incorporated in 2013 and is based in Tempe, Arizona.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Opendoor Technologies Inc reported revenue of $4.4B in FY2025 versus $8.0B in FY2021, a compound −14.1%/yr. Reported net income was −$1.3B in FY2025.
Watch OPEN: get an alert when its fair value changes →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Can OPEN Reach Adjusted Net Income Breakeven at $9B Revenue Run Rate?
- Opendoor vs. Zillow: Which Real Estate Stock is the Better Buy?
- Opendoor Is Repurchasing 5% of Its Outstanding Shares. Here's What That Means for the Company.
- Insiders Are Buying Intel (INTC) and Opendoor (OPEN)
Peer Group
Real Estate Services · 523 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Real Estate Services median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 46/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Sep 2, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| CBRE Group CBRE | $148.74 | $69.47 | −53% |
| Vonovia SE VNA | €19.85 | €36.67 | +85% |
| Cellnex Telecom, S.A CLNX | €27.47 | €25.46 | −7% |
| KE Holdings BEKE | $17.42 | $6.57 | −62% |
| Jones Lang LaSalle Incorporated JLL | $378.01 | $290.25 | −23% |
| Swire Properties Limited 1972 | HK$24.84 | HK$5.12 | −79% |
| CoStar Group CSGP | $32.22 | $4.64 | −86% |
| China Resources Mixc Lifestyle Services Limited 1209 | HK$39.84 | HK$34.95 | −12% |
| CapitaLand Investment Limited 9CI | 2.66 SGD | 0.4900 SGD | −82% |
| Plaza S.A MALLPLAZA | 4,040 CLP | 4,571 CLP | +13% |
Compare Opendoor Technologies Inc with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Real Estate stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Opendoor Technologies Inc (OPEN) overvalued or undervalued?
What is the fair value of OPEN?
What is the quality score of OPEN?
What is the revenue of Opendoor Technologies Inc (OPEN)?
What is the net profit margin of OPEN?
Does Opendoor Technologies Inc pay a dividend?
Watch Opendoor Technologies Inc in the live analysis
One click puts Opendoor Technologies Inc on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.