REAL - NASDAQ

The RealReal, Inc.

The RealReal, Inc.

REALยทNASDAQ

$9.12

-6.0%
Consumer CyclicalLuxury Goods

The RealReal, Inc. operates an online marketplace for consigned luxury goods in the United State. It offers various product categories, including women's, men's, kids', jewelry and watches, and home and art products. The company was incorporated in 2011 and is headquartered in San Francisco, California.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$2.64B
EPS-0.3600
P/E Ratio-25.33
Earnings Date08/06/2026
The RealReal, Inc.

The RealReal, Inc. Fair Value Envelope

REAL ยท NASDAQ

Our analysis suggests that REAL has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $9.12, this represents a potential HIDDEN relative to our calculated worth for The RealReal, Inc..

HIDDEN
Intrinsic Value
Current Price: $9.12

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

$
%
$
%
$
$

Projection Settings

Forecast period and terminal assumptions

%
%

DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$302.6B
+ Cash & Equivalents$151.2M
Firm Value$302.8B
- Debt$463.3M
Equity Value$302.3B
/ Shares Outstanding289,733,080B
DCF Value$1.0K
UNDERVALUED BY 11340%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$74.0M
$148.0M
$296.1M
$592.2M
$1.2B
$2.4B
$4.7B
$9.5B
$18.9B
$37.9B
Maintenance CapEx
-$7.5M
-$14.9M
-$29.8M
-$59.7M
-$119.3M
-$238.6M
-$477.3M
-$954.6M
-$1.9B
-$3.8B
Owner Earnings
$66.6M
$133.1M
$266.2M
$532.5M
$1.1B
$2.1B
$4.3B
$8.5B
$17.0B
$34.1B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$61.6M
$114.1M
$211.4M
$391.4M
$724.8M
$1.3B
$2.5B
$4.6B
$8.5B
$15.8B
Terminal Value represents 88.7% of Enterprise Value

Related Guides

Blog Categories

Continue your REAL research with focused valuation guides.

DCF Modeling

Improve assumptions for intrinsic value accuracy.

Forecasting

Calibrate growth paths and terminal value behavior.

WACC

Refine discount-rate logic for valuation quality.

Cost of Capital

Match risk profile to expected return assumptions.

Research Paths

Pick your next lens
1

Snapshot

Start with context, operating signals, and key market metrics.

2

Value Model

Stress test fair value across bear, base, and bull assumptions.

3

Statements

Validate revenue quality, margins, and balance sheet durability.

4

Earnings Call

Read management commentary and compare it with reported outcomes.

5

Dividends

Check payout sustainability and long-term distribution behavior.

6

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.