The RealReal, Inc. (REAL) Fair Value 2026 — DCF & Multi-Method Analysis | EvidInvest | EvidInvest

REAL — Fair Value Analysis

The RealReal, Inc.

Current: $11.08Overvalued

Fair Value Range

Bear Case (25th pct.)

$2.46

-77.8% vs price

Base Case (Median)

$3.24

-70.8% vs price

Bull Case (75th pct.)

$4.25

-61.6% vs price

$2.46$3.24$4.25

◇ = Current price | |Bear |Base | Bull

Method Breakdown

Method	Est. Value	vs Price	Weight
DCF (Discounted Cash Flow)	$3.24	-70.7%	High (40%)
EV/EBITDA	$1.68	-84.9%	Medium (20%)
EV/FCF	$5.25	-52.6%	Medium (20%)

Interpretation

Based on 3 out of 8 methods, REAL appears overvalued at the current price of $11.08. The base case fair value of $3.24 implies 70.8% downside.

Bear/base/bull cases represent the 25th, 50th, and 75th percentile of available method estimates. This is not financial advice. Valuation is inherently uncertain.