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Real Matters Valuation Multiples
Discover revenue and EBITDA valuation multiples for Real Matters and similar public comparables like LSL Property Services, Trisul, SEDCO Capital REIT, Immobel and more.
Real Matters Overview
About Real Matters
Real Matters Inc is a Canadian network management services provider for the mortgage lending and insurance industries. The company's platform combines proprietary technology and network management capabilities with tens of thousands of independent qualified field agents. Its operating segment includes U.S. Appraisal; U.S. Title, and Canada. The company generates maximum revenue from the U.S. Appraisal segment. Its U.S. Appraisal segment provides residential mortgage appraisals for purchase, refinance, and home equity transactions through its Solidifi brand.
Founded
2004
HQ
Employees
324
Website
Financials (LTM)
EV
$293M
Real Matters Financials
Real Matters reported last 12-month revenue of $52M and EBITDA of $2M.
In the same LTM period, Real Matters generated ($87M) in gross profit, $2M in EBITDA, and had net loss of ($11M).
Revenue (LTM)
Real Matters P&L
In the most recent fiscal year, Real Matters reported revenue of $170M and EBITDA of ($2M).
Real Matters expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $52M | XXX | $170M | XXX | XXX | XXX |
| Gross Profit | ($87M) | XXX | $45M | XXX | XXX | XXX |
| Gross Margin | (168%) | XXX | 26% | XXX | XXX | XXX |
| EBITDA | $2M | XXX | ($2M) | XXX | XXX | XXX |
| EBITDA Margin | 4% | XXX | (1%) | XXX | XXX | XXX |
| EBIT Margin | (2%) | XXX | (3%) | XXX | XXX | XXX |
| Net Profit | ($11M) | XXX | ($23M) | XXX | XXX | XXX |
| Net Margin | (21%) | XXX | (13%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Real Matters Stock Performance
Real Matters has current market cap of $335M, and enterprise value of $293M.
Market Cap Evolution
Real Matters' stock price is $4.50.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $293M | $335M | -0.3% | XXX | XXX | XXX | $-0.30 |
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Start Free TrialReal Matters Valuation Multiples
Real Matters trades at 5.7x EV/Revenue multiple, and 135.1x EV/EBITDA.
EV / Revenue (LTM)
Real Matters Financial Valuation Multiples
As of March 29, 2026, Real Matters has market cap of $335M and EV of $293M.
Equity research analysts estimate Real Matters' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Real Matters has a P/E ratio of (31.5x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $335M | XXX | $335M | XXX | XXX | XXX |
| EV (current) | $293M | XXX | $293M | XXX | XXX | XXX |
| EV/Revenue | 5.7x | XXX | 1.7x | XXX | XXX | XXX |
| EV/EBITDA | 135.1x | XXX | (170.7x) | XXX | XXX | XXX |
| EV/EBIT | (235.7x) | XXX | (52.1x) | XXX | XXX | XXX |
| EV/Gross Profit | (3.4x) | XXX | 6.6x | XXX | XXX | XXX |
| P/E | (31.5x) | XXX | (14.8x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (35.7x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Real Matters Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Real Matters Margins & Growth Rates
Real Matters' revenue in the last 12 month grew by 29%.
Real Matters' revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.2M for the same period.
Real Matters' rule of 40 is 33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Real Matters' rule of X is 76% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Real Matters Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 29% | XXX | (65%) | XXX | XXX | XXX |
| EBITDA Margin | 4% | XXX | (1%) | XXX | XXX | XXX |
| EBITDA Growth | 564% | XXX | (547%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 33% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 76% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 2% | XXX | 0% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 24% | XXX | XXX | XXX |
| Opex to Revenue | 97% | XXX | 31% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Real Matters Public Comps
See public comps and valuation multiples for other Real Estate Services and Real Estate Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| LSL Property Services | XXX | XXX | XXX | XXX | XXX | XXX |
| Trisul | XXX | XXX | XXX | XXX | XXX | XXX |
| SEDCO Capital REIT | XXX | XXX | XXX | XXX | XXX | XXX |
| Immobel | XXX | XXX | XXX | XXX | XXX | XXX |
| Seaport Entertainment | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Real Matters M&A Activity
Real Matters acquired XXX companies to date.
Last acquisition by Real Matters was on XXXXXXXX, XXXXX. Real Matters acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Real Matters
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialReal Matters Investment Activity
Real Matters invested in XXX companies to date.
Real Matters made its latest investment on XXXXXXXX, XXXXX. Real Matters invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Real Matters
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Real Matters
| When was Real Matters founded? | Real Matters was founded in 2004. |
| Where is Real Matters headquartered? | Real Matters is headquartered in Canada. |
| How many employees does Real Matters have? | As of today, Real Matters has over 324 employees. |
| Is Real Matters publicly listed? | Yes, Real Matters is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of Real Matters? | Real Matters trades under REAL ticker. |
| When did Real Matters go public? | Real Matters went public in 2017. |
| Who are competitors of Real Matters? | Real Matters main competitors are LSL Property Services, Trisul, SEDCO Capital REIT, Immobel. |
| What is the current market cap of Real Matters? | Real Matters' current market cap is $335M. |
| What is the current revenue of Real Matters? | Real Matters' last 12 months revenue is $52M. |
| What is the current revenue growth of Real Matters? | Real Matters revenue growth (NTM/LTM) is 29%. |
| What is the current EV/Revenue multiple of Real Matters? | Current revenue multiple of Real Matters is 5.7x. |
| Is Real Matters profitable? | Yes, Real Matters is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Real Matters? | Real Matters' last 12 months EBITDA is $2M. |
| What is Real Matters' EBITDA margin? | Real Matters' last 12 months EBITDA margin is 4%. |
| What is the current EV/EBITDA multiple of Real Matters? | Current EBITDA multiple of Real Matters is 135.1x. |
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