Opendoor Technologies Inc.

NasdaqGS:OPEN Stock Report

Market Cap: US$2.0b

Opendoor Technologies Valuation

Is OPEN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of OPEN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OPEN ($3.02) is trading below our estimate of fair value ($4.51)

Significantly Below Fair Value: OPEN is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for OPEN?

Other financial metrics that can be useful for relative valuation.

OPEN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA-11.7x
PEG Ration/a

Price to Sales Ratio vs Peers

How does OPEN's PS Ratio compare to its peers?

The above table shows the PS ratio for OPEN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.4x
EXPI eXp World Holdings
0.4x9.0%US$1.5b
CWK Cushman & Wakefield
0.3x4.6%US$2.3b
NMRK Newmark Group
0.8x6.1%US$2.7b
COMP Compass
0.4x9.9%US$1.7b
OPEN Opendoor Technologies
0.3x15.4%US$2.0b

Price-To-Sales vs Peers: OPEN is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.4x).


Price to Earnings Ratio vs Industry

How does OPEN's PE Ratio compare vs other companies in the US Real Estate Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a27.7%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a27.7%
n/an/an/a
No more companies

Price-To-Sales vs Industry: OPEN is good value based on its Price-To-Sales Ratio (0.3x) compared to the US Real Estate industry average (1.8x).


Price to Sales Ratio vs Fair Ratio

What is OPEN's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OPEN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: OPEN is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst OPEN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$3.02
US$3.03
+0.3%
29.9%US$4.50US$1.00n/a9
Mar ’25US$3.11
US$3.03
-2.6%
29.9%US$4.50US$1.00n/a9
Feb ’25US$3.53
US$3.29
-6.8%
35.0%US$5.00US$1.00n/a10
Jan ’25US$4.48
US$2.96
-34.0%
37.0%US$4.50US$1.00n/a10
Dec ’24US$3.32
US$2.29
-31.0%
33.5%US$3.50US$1.00n/a11
Nov ’24US$1.89
US$2.74
+44.7%
46.6%US$5.00US$1.00n/a10
Oct ’24US$2.64
US$2.76
+4.5%
45.9%US$5.00US$1.00n/a10
Sep ’24US$3.89
US$3.31
-15.0%
54.4%US$7.00US$1.00n/a10
Aug ’24US$5.27
US$3.22
-39.0%
65.5%US$8.00US$1.00n/a10
Jul ’24US$4.02
US$2.91
-27.6%
77.7%US$8.00US$1.00n/a9
Jun ’24US$2.70
US$2.42
-10.4%
80.3%US$8.00US$1.00n/a10
May ’24US$1.46
US$2.94
+101.4%
88.6%US$10.00US$1.00n/a11
Apr ’24US$1.76
US$3.29
+86.9%
80.3%US$10.00US$1.00n/a10
Mar ’24US$1.34
US$3.29
+145.5%
80.3%US$10.00US$1.00US$3.1110
Feb ’24US$2.40
US$4.25
+77.3%
74.0%US$13.00US$1.00US$3.5311
Jan ’24US$1.16
US$4.32
+272.1%
70.0%US$13.00US$1.00US$4.4812
Dec ’23US$1.86
US$4.57
+145.7%
62.4%US$13.00US$1.55US$3.3212
Nov ’23US$2.44
US$6.42
+163.1%
60.1%US$16.00US$2.00US$1.8912
Oct ’23US$3.11
US$8.25
+165.3%
35.7%US$16.00US$5.25US$2.6412
Sep ’23US$4.28
US$8.79
+105.4%
41.0%US$19.00US$5.25US$3.8912
Aug ’23US$4.79
US$12.00
+150.5%
48.6%US$24.00US$6.00US$5.2713
Jul ’23US$5.11
US$13.14
+157.1%
44.6%US$24.00US$6.00US$4.0211
Jun ’23US$6.97
US$14.17
+103.3%
41.2%US$24.00US$7.00US$2.709
May ’23US$6.99
US$16.44
+135.3%
42.6%US$30.00US$8.00US$1.469
Apr ’23US$8.48
US$16.67
+96.5%
40.8%US$30.00US$8.00US$1.769
Mar ’23US$8.23
US$17.50
+112.6%
38.1%US$30.00US$8.00US$1.348

Analyst Forecast: Target price is less than 20% higher than the current share price.


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