The RealReal runs an online marketplace for pre-owned luxury goods, consigning handbags, jewelry, watches and apparel from sellers and authenticating them before resale, with its own inventory added to the mix. The structural appeal is the consignment model: a 74.5% gross margin reflects a platform that takes a commission rather than carrying most of the inventory risk, and that margin is the number to test against operating margin, which sits at -1.2%. Revenue growth of 16.6% is respectable, but the stock trades at a 38.2x forward P/E on a business that is only just approaching operating breakeven, so the market is paying for margin expansion that has not yet shown up in the reported results. Our score of 36/100 and the absence of index membership suggest this is a name to examine only if you have a specific view on operating leverage and authentication costs at scale. The question for the deeper work is whether gross margin can convert into operating profit before the forward multiple has to compress.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 12 Oct 2026, 00:00 CEST | ACCE price target | $12.00 | first publication | $9.75 |
| 7 Oct 2026, 00:00 CEST | Fair value | $1.86 | $1.81 | $9.32 |
| 4 Oct 2026, 00:00 CEST | Fair value | $1.81 | $1.85 | $8.90 |
| 27 Sept 2026, 00:00 CEST | Fair value | $1.85 | $1.89 | $8.83 |
| 24 Sept 2026, 00:00 CEST | Fair value | $1.89 | $1.86 | $9.90 |
| 16 Sept 2026, 00:00 CEST | Fair value | $1.86 | $1.90 | $9.76 |
| 11 Sept 2026, 00:00 CEST | Fair value | $1.90 | $1.93 | $9.56 |
| 6 Sept 2026, 00:00 CEST | Fair value | $1.93 | $1.95 | $9.86 |
| 3 Sept 2026, 00:00 CEST | Fair value | $1.95 | $2.00 | $10.01 |
| 20 Aug 2026, 00:00 CEST | Fair value | $2.00 | $2.14 | $11.74 |
Answered from The RealReal Inc. Common Stock fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| REAL The RealReal Inc. Common Stock | $10.84 | - | - | - | -932.7% | 29 | 35 |
| LUXE LuxExperience B.V. American Depositary Shares each representing one Ordinary Share | $9.59 | - | - | - | -12.2% | 43 | 48 |
| SFER.MI Salvatore Ferragamo S.p.A. | €6.66 | - | - | 103.3x | 1.7% | 46 | 29 |
| CPRI Capri Holdings Limited Ordinary Shares | $16.36 | $26 | 37% below | 20.9x | 144.6% | 56 | 47 |
| WOSG.L Watches of Switzerland Group PLC | £7.41 | £10 | 24% below | 17.3x | 17.0% | 48 | 78 |
| MOV Movado Group Inc. Common Stock | $32.28 | $20 | 60% above | 17.8x | 8.4% | 64 | 72 |
| SIG Signet Jewelers Limited Common Shares | $116.94 | $138 | 15% below | 13.6x | 19.9% | 62 | 62 |
Where REAL ranks against its sector peers on each metric.