Reliance Global Group Inc. Common Stock (EZRA) fair value
Financial Services · Insurance Brokers · NASDAQ · United States
$2.18-4.60%
Market cap $4MUpdated Oct 24, 2026
Our verdict
Trades 50% below our fair value
Price
$2.18
Model fair valueConfidence: low
about $4.38
Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
Not used by alerts or posts.
Treated as a loss-making company. None of the usual models had enough data, so this uses Net asset value instead.
ACCE opinionReliance Global Group Inc. Common Stock (EZRA)
Fair value
Not available
ACCE price target
$2.30
Rating
Not rated
Horizon
12 months
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Price used: $2.18 at the close on 23 Oct 2026, 22:00 CEST.
Models: Net asset value.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
19
out of 100
P/E
0.0x
forward 0.0x
1-year return
-93.7%
Dividend yield
0.00%
Reliance Global Group Inc. Common Stock in four questions
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Overview
ACCE thesis
Reliance Global Group is a small insurance brokerage that sells personal lines and commercial insurance through a network of agencies, and it has been pushing into a software-led model that tries to put quotes and policy servicing on a platform. The case for a closer look rests mostly on that platform strategy and the low equity value of the business, which trades at roughly $4M in market capitalization. The numbers, though, currently point the other way: revenue is down 31.6%, gross margin is negative at -20.0%, operating margin is -86.4%, and return on equity is -123.5%, so the company is losing money on its core activity rather than just growing slowly. With a score of 19/100 and no index membership, this is a turnaround that has not yet shown evidence of working, and it does not merit a deeper look unless management can show revenue stabilising and gross margin turning positive.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
severe
Cash burn exceeds market cap
Free cash flow was -$3.11M against a $4M market cap, with operating margin at -86.4% and net margin at -54.3%. The business is losing money at a rate that could outrun its equity value.
high
Revenue shrinking sharply
Revenue fell 31.6% year over year, reversing an 11.2% five-year CAGR. Gross margin is negative at -20.0%, so each sale loses money before overhead.
moderate
Heavy insider selling, no buys
Insiders disclosed $0.09M in sales across the last ten filings and no purchases, while holding 20.7% of shares. Small in dollar terms, but no insider buying offsets it.
AI research notes
AI-assisted·How I use AIWritten Oct 19, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Five-year average revenue growth of 11.2% a year shows the business has expanded for much of the past half decade.
The company carries modest debt, with debt to equity of 0.35, so lenders are not the main pressure point today.
At $2.28 the shares sit just below the ACCE price target of $2.30, which is 5.2% below, so the stock is priced close to our own target.
Why it could disappoint
Revenue fell 31.6% year over year, a sharp reversal from its five-year growth trend.
Net margin of -54.3% and ROE of -123.5% show the company is losing a large share of what it sells and earns.
The diluted share count rose 441.4% last fiscal year, heavily diluting existing shareholders' stakes.
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Valuation
INVESTOR
Where EZRA's valuation models land
Price
$2.18
Model fair valueConfidence: low
about $4.38
Model
Fair value
Upside
Net asset value
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