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REA Group Ltd (REA) Fair Value & Analysis

Communication Services · AU · Market cap A$19.5B (≈ $14.1B) · ISIN AU000000REA9

What is REA Group Ltd really worth?

RG REA Group Ltd REA · AU
PriceA$167.19
Fair ValueA$88.53
Upside−47.1%
Quality85/100

A strong business, but trading 89% above our fair value of A$88.53.

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Strengths

Healthy Growth (revenue 5y +16.9 %/yr)
Highly profitable · 29.3% net margin
Low debt · generates free cash flow
Wide moat 94/100

Risks

!Mixed vs. peers (7/15)
!The models disagree: range A$67.08 to A$186.67

For context

·1.57% dividend yield
Evidence: High Range A$67.08 – A$186.67

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 22 days ago

Share price +0.5% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • A high-quality business (quality 85/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The model range is unusually wide (A$67.08 to A$186.67). The outcome hinges heavily on assumptions, so read the point estimate with caution.

Price vs Fair Value (5 years)

A$270.76 A$91.09 Fair Value A$88.53 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range A$91.09 – A$270.76 · fair‑value band A$67.08 – A$186.67 · the A$167.19 price screens above the A$88.53 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

REA Group Ltd (REA) currently trades at A$167.19, while our model-based Fair Value estimate is A$88.53, implying the stock looks roughly 88.9% overvalued today. The Quality Score stands at 85/100 (high quality), in the Communication Services sector. Bull case: the Growth Earnings group reads highest at a median of A$143.60 per share, and 3 of the 24 models we run sit above the A$167.19 price. Bear case: the Asset-Based group reads lowest at A$9.79, and 21 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, REA Group Ltd generated revenue of A$2.0B at a net margin of 29.3%. Revenue grew 6.1% year over year. It earns a return on equity of 28.4%. The balance sheet holds a net cash position of A$358M. Fundamentals as of Aug 13, 2026

Our scenario range runs from A$67.08 (bear case) to A$186.67 (bull case); at A$167.19, the current price sits within 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 36% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at −6% fair-value upside, at −47%, REA screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 12 months have passed since. In that time the company retained roughly A$1.71 per share, which is 1.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

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.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF A$67.41 A$112.04 A$238.27 75
EPV A$43.61 A$50.33 A$56.22 74
Growth DCF A$64.54 A$124.20 A$237.23 74
All 24 models by family
DCF Models
FCF DCF A$67.41 A$112.04 A$238.27 75
Owner Earnings A$84.35 A$186.69 A$400.54 70
5Y Revenue Exit A$44.68 A$76.21 A$135.50 70
5Y EBITDA Exit A$66.57 A$123.84 A$226.04 72
5Y P/E Exit A$81.40 A$168.42 A$280.32 68
10Y Revenue Exit A$50.02 A$90.65 A$138.67 65
10Y EBITDA Exit A$66.66 A$131.72 A$249.18 65
10Y P/E Exit A$77.08 A$159.54 A$301.25 60
Earnings-Based
Graham-Dodd A$35.23 A$243.54 A$341.64 63
Lynch FV A$71.76 A$102.52 A$133.27 61
PEG = 1.0 A$71.76 A$102.52 A$133.27 57
EPV A$43.61 A$50.33 A$56.22 74
Multiples
P/E Multiple A$85.48 A$113.97 A$142.46 63
P/S Multiple A$38.69 A$51.58 A$64.48 58
P/B Multiple A$38.35 A$51.14 A$63.92 55
EV/EBIT A$76.29 A$100.63 A$124.96 66
EV/EBITDA A$67.62 A$89.07 A$110.52 67
EV/Revenue A$34.22 A$47.49 A$60.75 54
Asset-Based
NCAV (Graham) A$7.31 A$9.79 A$14.61 54
Growth DCF
Growth DCF A$64.54 A$124.20 A$237.23 74
Rev-Margin DCF A$44.68 A$80.12 A$132.62 70
Economic Profit
Residual Income A$38.77 A$55.65 A$561.24 64
ROIC Compounder A$51.67 A$70.46 A$95.39 71
Growth Earnings
Growth-Adj P/E A$100.52 A$143.60 A$186.67 67

Widest divergence: Growth Earnings (A$143.60) versus Asset-Based (A$9.79). Highest evidence: FCF DCF (75).

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Key figures & financial health

P/E ratio 38.5
P/S ratio 13.5 P/E × margin
EPS (TTM) A$4.34 price ÷ EPS = P/E 38.5
Dividend yield 1.6% payout 60.4%
Net margin 35.2% FY2025
Return on equity 28.4% TTM
More key figures
Profitability
Return on assets (EBIT) 23.2% avg 5y
Operating margin 47.5% TTM
Growth
Revenue (TTM) A$2.0B TTM
Revenue growth (YoY) +6.1% 3y avg +10.5%
EPS growth (YoY) −23.8%
Balance sheet & cash flow
Free cash flow A$537M FY2025
Net cash A$358M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 85/100

Of which business quality 83 · Market factors (momentum, volatility) 41

Profitability 89
Margins and returns on capital today
Quality Growth 88
Are margins and returns improving?
Cashflow 77
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 62
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

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

REA Group Limited, together with its subsidiaries, engages in online property advertising business in Australia, Asia, and North America It provides property and property-related services on websites and mobile applications.

Full company description

REA Group Limited, together with its subsidiaries, engages in online property advertising business in Australia, Asia, and North America It provides property and property-related services on websites and mobile applications. The company operates residential, commercial, and share property sites, such as realestate.com.au, realcommercial.com.au, flatmates.com.au, property.com.au, housing.com, makaan.com, proptiger.com, and realtor.com. It is also involved in the provision of mortgage brokerage and home financing solutions; property data services; mortgage application and e-lodgement solutions for the broking and lending industries; commercial real estate information and technology; vendor paid advertising; digital non-bank lending solutions; and home loans. The company was formerly known as realestate.com.au Ltd. and changed its name to REA Group Limited in December 2008. REA Group Limited was incorporated in 1995 and is headquartered in Richmond, Australia. REA Group Limited operates as a subsidiary of News Corporation.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

REA Group Ltd reported revenue of A$1.9B in FY2025 versus A$1.0B in FY2021, a compound +17.7%/yr. Reported net income was A$678M in FY2025, compounding +20.4%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
A$1.9B
Latest YoY
+15.0%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.5%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.9%
Avg. revenue growth/yr (25Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+30.8%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+44.8% (43.2 + 1.6)
Revenue +17.7%/yr
FY21 A$1.0B
FY22 A$1.4B
FY23 A$1.4B
FY24 A$1.7B
FY25 A$1.9B
Net income +20.4%/yr
FY21 A$323M
FY22 A$385M
FY23 A$356M
FY24 A$303M
FY25 A$678M
Character of growth · EPS growth decomposed (2014-2025) +9.0 % p.a.
Revenue per share +13.9 %

of which total revenue +14.0 % · buybacks/dilution +0.0 %

EBIT margin −2.2 %
Tax rate −0.6 %
Residual (interest, one-offs) −1.5 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

REA screens 89% overvalued. Compare with Alphabet Inc →

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Cite: Fair Value Calculator (2026). "REA Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/REA

Peer Group

Internet Content & Information · 153 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.

Quality Score 85 · Top 25%
Fair Value upside −47% · Below median
Return on equity (TTM) 28% · Top 25%
Return on assets 19% · Top 25%
Net margin (TTM) 29% · Top 25%
Operating margin (TTM) 48% · Top 25%
Revenue growth 6% · Below median
Dividend yield (TTM) 1.6% · Below median

Valuation Multiples vs Internet Content & Information median · lower = cheaper

P/E (TTM) 38.5× · Pricier than 75% of peers
P/B 7.36× · Pricier than 75% of peers
P/S (TTM) 7.19× · Pricier than 75% of peers
P/FCF 26.2× · Pricier than 75% of peers
EV/EBITDA 15.8× · Pricier than median
PEG 0.67× · Cheaper than median

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE31 · sector 31
PAST100 · sector 9
HEALTH100 · sector 98
DIVIDEND31 · sector 36

VALUE 0: the price sits above our fair-value range.

Insider activity: 30/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Internet Content & Information stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Tencent Holdings 0700 HK$455.20 HK$449.03 −1%
Spotify Technology S.A SPOT $547.51 $211.87 −61%
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Baidu, Inc 89888 HK$79.10 HK$28.84 −64%
Kuaishou Technology, an investment holding company, 81024 HK$34.50 HK$63.28 +83%
NAVER Corporation 035420 213,500 KRW 231,585 KRW +8%
Tencent Music Entertainment Group 1698 HK$35.14 HK$66.77 +90%
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Frequently asked questions

Is REA Group Ltd (REA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of A$88.53 versus a price of A$167.19, about −47% upside (overvalued).
What is the fair value of REA?
Our model-based fair value for REA Group Ltd is A$88.53 (as of Aug 13, 2026), built from audited fundamentals. The current price: A$167.19.
What is the quality score of REA?
REA Group Ltd has a Quality Score of 85/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of REA Group Ltd (REA)?
REA Group Ltd reported trailing-twelve-month revenue of about A$2.0B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of REA?
The net profit margin of REA Group Ltd is about 29.3%, meaning it keeps roughly 29.3% of revenue as net income. Based on the latest reported figures.
Does REA Group Ltd pay a dividend?
REA Group Ltd currently shows a dividend yield of about 1.57% relative to its recent price (as of Aug 13, 2026).
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