Redfin Corporation

NasdaqGS:RDFN Stock Report

Market Cap: US$1.4b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Redfin Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 RDFN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$44.96
Fair Value
75.1% undervalued intrinsic discount
8
Number of Analysts

Below Fair Value: RDFN ($11.19) is trading below our estimate of fair value ($44.96)

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

Key Valuation Metric

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

Key metric: As RDFN is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for RDFN. This is calculated by dividing RDFN's market cap by their current revenue.
What is RDFN's PS Ratio?
PS Ratio1.4x
SalesUS$1.04b
Market CapUS$1.43b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for RDFN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.8x
EXPI eXp World Holdings
0.3x2.91%US$1.6b
MMI Marcus & Millichap
1.7x17.81%US$1.2b
CWK Cushman & Wakefield
0.3x5.00%US$2.7b
NMRK Newmark Group
0.8x6.48%US$3.1b
RDFN Redfin
1.4x8.45%US$1.4b

Price-To-Sales vs Peers: RDFN is expensive based on its Price-To-Sales Ratio (1.4x) compared to the peer average (0.8x).

Price to Sales Ratio vs Industry

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

29 CompaniesPrice / SalesEstimated GrowthMarket Cap
JLL Jones Lang LaSalle
0.5x1.37%US$12.33b
COMP Compass
0.6x11.00%US$3.51b
CWK Cushman & Wakefield
0.3x5.00%US$2.74b
EXPI eXp World Holdings
0.3x2.91%US$1.64b
RDFN 1.4xIndustry Avg. 2.3xNo. of Companies29PS03.26.49.612.816+
29 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: RDFN is good value based on its Price-To-Sales Ratio (1.4x) compared to the US Real Estate industry average (1.9x).

Price to Sales Ratio vs Fair Ratio

What is RDFN'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.

RDFN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.4x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: RDFN is expensive based on its Price-To-Sales Ratio (1.4x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

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 RDFN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$9.96
0%
21.99%US$12.50US$7.00n/a8
Jul ’26US$11.19
US$9.96
-10.97%
21.99%US$12.50US$7.00n/a8
Jun ’26US$9.99
US$9.97
-0.23%
20.72%US$12.50US$7.00n/a9
May ’26US$9.53
US$10.58
+11.02%
22.60%US$12.50US$7.00n/a10
Apr ’26US$9.57
US$10.13
+5.85%
23.80%US$12.50US$7.00n/a10
Mar ’26US$6.67
US$7.84
+17.57%
27.13%US$12.00US$4.00n/a12
Feb ’26US$8.00
US$8.77
+9.62%
30.24%US$15.00US$4.00n/a13
Jan ’26US$7.87
US$9.18
+16.70%
26.21%US$15.00US$6.50n/a13
Dec ’25US$9.49
US$9.18
-3.22%
26.21%US$15.00US$6.50n/a13
Nov ’25US$10.33
US$8.60
-16.78%
27.98%US$15.00US$6.00n/a13
Oct ’25US$12.55
US$7.98
-36.41%
27.87%US$15.00US$6.00n/a13
Sep ’25US$9.34
US$6.77
-27.51%
22.53%US$9.50US$4.00n/a12
Aug ’25US$7.43
US$7.13
-3.98%
19.66%US$9.50US$4.00n/a13
Jul ’25US$5.85
US$6.85
+17.03%
21.46%US$9.00US$4.00US$11.1913
Jun ’25US$6.44
US$6.85
+6.31%
21.46%US$9.00US$4.00US$9.9913
May ’25US$5.68
US$6.71
+18.16%
19.70%US$9.00US$4.00US$9.5313
Apr ’25US$6.57
US$6.90
+5.08%
19.03%US$9.00US$4.00US$9.5713
Mar ’25US$7.00
US$7.10
+1.49%
21.95%US$10.00US$4.00US$6.6712
Feb ’25US$8.65
US$7.77
-10.18%
28.49%US$12.00US$4.00US$8.0013
Jan ’25US$10.32
US$6.73
-34.78%
25.04%US$10.50US$4.00US$7.8713
Dec ’24US$7.72
US$6.50
-15.80%
24.37%US$10.00US$4.00US$9.4913
Nov ’24US$4.75
US$7.79
+64.04%
31.27%US$11.00US$4.00US$10.3312
Oct ’24US$7.04
US$9.10
+29.21%
24.57%US$11.50US$4.25US$12.5513
Sep ’24US$9.41
US$9.13
-2.93%
24.30%US$11.50US$4.25US$9.3413
Aug ’24US$15.09
US$9.31
-38.30%
27.17%US$15.00US$4.25US$7.4314
Jul ’24US$12.42
US$8.81
-29.06%
22.59%US$11.00US$4.25US$5.8514
AnalystConsensusTarget
Consensus Narrative from 8 Analysts
US$9.96
Fair Value
12.3% overvalued intrinsic discount
8
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/02 09:49
End of Day Share Price 2025/06/30 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Redfin Corporation is covered by 22 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Justin AgesBerenberg
Ygal ArounianCitigroup Inc
Bradley BerningCraig-Hallum Capital Group LLC