RMR
The RMR Group Inc.
RMR's fundamentals are weak and it looks expensive: trading at 26x earnings, about twice its usual 14x. Analysts expect earnings growth.
RMR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| N/A | |
| N/A |
RMR's revenue and profitability are currently stable. Free cash flow and net leverage aren't meaningful measures for real estate companies like RMR.
RMR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.1x | $5.53 | -65% |
| Fair | 14x | $8.65 | -45% |
| Expensive | 17x | $10.67 | -32% |
| Forward | 21x | $15.71 | — |
| Current | 26x | $15.71 | — |
Historical ranges are pointers, not guarantees.
RMR's PE is in its expensive range at 26x. If earnings grow as analysts expect, today's price would be 21x next year's earnings.
RMR Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| High |
Analysts expect RMR's earnings to grow, with its revenue and profitability holding steady.
RMR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.74 | +21% |
| Q3 2026 | $0.61 | -41% |
| Q2 2026 | $1.13 | -2.6% |
| Q1 2026 | $1.20 | 0% |
| Q4 2025 | $1.36 | +2.3% |
| Q3 2025 | $1.03 | -24% |
| Q2 2025 | $1.16 | -24% |
| Q1 2025 | $1.20 | -56% |
| Q4 2024 | $1.33 | -62% |
RMR's earnings per share have fallen from their peak: $0.61 over the past year, against $3.66 in mid-2023.
RMR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $163.6M | +2.7% |
| Q2 2026 | $153.5M | -0.8% |
| Q1 2026 | $145.6M | -13% |
| Q4 2025 | $180.4M | -18% |
| Q3 2025 | $159.4M | -25% |
| Q2 2025 | $154.7M | -25% |
| Q1 2025 | $166.7M | -23% |
| Q4 2024 | $219.5M | -16% |
RMR's revenue has slid since its 2023 peak: $164M last quarter, up 2.7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6.7% | -0.1 points |
| Q2 2026 | -6% | -13 points |
| Q1 2026 | 4.8% | +0.3 points |
| Q4 2025 | 18% | +12 points |
| Q3 2025 | 6.8% | +2 points |
| Q2 2025 | 6.5% | +0.5 points |
| Q1 2025 | 4.5% | -0.8 points |
| Q4 2024 | 6.1% | +2 points |
RMR's operating margin was 6.7% last quarter, about level with the same quarter a year ago.
RMR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$13.1M | -190% |
| Q2 2026 | $22.3M | +2.9% |
| Q1 2026 | $46.1M | +275% |
| Q4 2025 | $9.7M | -59% |
| Q3 2025 | $14.6M | +$21.5M |
| Q2 2025 | $21.7M | -31% |
| Q1 2025 | $12.3M | +184% |
| Q4 2024 | $23.6M | -18% |
RMR's free cash flow was $65M over the past year, down 9.8% from the year before. Free cash flow isn't a meaningful measure for real estate companies like RMR.
RMR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +41K shares |
| 1 year | +0.8% | +131K shares |
| 3 years | +2.2% | +356K shares |
| 5 years | -46% | -14.5M shares |
RMR has 17M diluted shares, up 0.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.3M |
| Q2 2026 | $27,000 |
| Q1 2026 | $46,000 |
| Q4 2025 | $35,000 |
| Q3 2025 | $740,000 |
| Q2 2025 | $134,000 |
| Q1 2025 | $23,000 |
| Q4 2024 | $6,000 |
RMR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.1x | Net Cash |
| Q2 2026 | -0.6x | Net Cash |
| Q3 2025 | -0.3x | Net Cash |
| Q2 2025 | -1.3x | Net Cash |
| Q1 2025 | -1.6x | Net Cash |
| Q4 2024 | -1.7x | Net Cash |
| Q3 2024 | -0.5x | Net Cash |
| Q2 2024 | -3.9x | Net Cash |
RMR has more cash than debt. Net leverage isn't a meaningful measure for real estate companies like RMR.
RMR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.0 | Neutral |
| Stochastic | 5.7 | Oversold |
RMR's weekly RSI is 33 (neutral) and its Stochastic is 6 (oversold).
RMR PE vs Real Estate Sector
| Metric | RMR | Sector median | Relative |
|---|---|---|---|
| PE | 26x | 24x | 7.7% above |
| PE % | 99 | 23 | 76 pts above |
RMR is trading at 26x earnings, in line with the Real Estate sector's median of 24x.
RMR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $17.2 | 8.8% below |
| 20 week MA | $18.7 | 16% below |
| 50 week MA | $17.9 | 12% below |
| 100 week MA | $17.3 | 9.2% below |
| 200 week MA | $20.9 | 25% below |
RMR is in a downtrend: it's below all five of its weekly moving averages, and 25% below its 200-week average.
RMR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $44.9 | $38.2 | -15% |
| 2021 | $38.2 | $33.7 | -12% |
| 2022 | $33.7 | $28.3 | -16% |
| 2023 | $28.3 | $28.2 | -0.3% |
| 2024 | $28.2 | $20.5 | -27% |
| 2025 | $20.5 | $15.1 | -26% |
| 2026 YTD | $15.1 | $15.7 | +4% |
RMR has finished every year since 2020 lower, and it's up 4% so far in 2026.