RBA
RB GLOBAL INC.
Next earnings Aug 4, 2026 · consensus $1.17 EPS, $1.23B rev
Last earnings +0.1% on 2026-05-04
$112.81
▼ -1.00%$112.81▲ +8.01%
over 1Y
L $94.14H $118.79
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-1.0%
1W-2.3%
1M+7.6%
3M+15.1%
YTD+9.8%
1Y+8.0%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 11 analysts
Strong Buy
Strong post-IAA auction platform compounding revenue and cash flow, but a 54x P/E leaves little room for error.
P/E 54.2 · current
The read
Middling fundamentals and a rich price (~73% above fair value) leave little margin of safety — a wait-and-see.
RB Global is the marketplace operator behind Ritchie Bros. and IAA, and the transformation from the IAA acquisition is visible in the numbers: revenue has scaled from $1.42B in FY2021 to $4.59B in FY2025 (+7.2% YoY), with net income climbing to $428M (+3.7%) and operating cash flow of $978M (+5.0%). The balance sheet is healthier post-integration, with long-term debt cut to $2.28B (-12.9%) and a modest 1.09x liabilities-to-equity ratio against $5.57B of equity.
The problem is price. At $110.57 the stock fetches 54.2x FY diluted EPS of $2.04, while EPS growth has stalled (+1.5% YoY) and operating income actually fell 6.3% to $713M as the company invested (capex up 54.7% to $259M). Return on equity is a pedestrian 7.7% and net margin only 9.3%, so the lofty multiple is pricing in continued synergy capture and growth rather than current returns.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:41 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.42B | $1.73B | $3.68B | $4.28B | $4.59B |
| Gross profit | — | — | — | — | — |
| Operating income | $241M | $454M | $471M | $761M | $713M |
| Net income | $152M | $320M | $207M | $413M | $428M |
| Diluted EPS | $1.36 | $2.86 | $1.04 | $2.01 | $2.04 |
| Net margin | 10.7% | 18.4% | 5.6% | 9.6% | 9.3% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$22.8B
EV / EBITDA19.1
EV / Sales5.0
EV / FCF31.7
P / FCF29.2
PEG (trailing)14.93
Earnings yield2.0%
FCF yield3.4%
Quality & risk
ROIC (est.)7.1%
Free cash flow$719M
Total debt$2.33B
Net cash-$1.80B
Altman Z-Score2.81 grey
Piotroski F-Score7/9
Capital returns
Buyback yield0.3%
Dividend yield (est.)1.0%
Shareholder yield1.2%
Shares Δ YoY+0.6%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗4Period ending 2026-06-252026-06-26open ↗144Filing2026-06-25open ↗4Period ending 2026-06-182026-06-23open ↗4Period ending 2026-06-182026-06-23open ↗4Period ending 2026-06-182026-06-23open ↗4Period ending 2026-06-182026-06-23open ↗4Period ending 2026-06-182026-06-23open ↗4Period ending 2026-06-182026-06-22open ↗4Period ending 2026-06-182026-06-22open ↗4Period ending 2026-06-182026-06-22open ↗4Period ending 2026-06-182026-06-22open ↗4Period ending 2026-06-182026-06-22open ↗
Frequently asked
- Is RB GLOBAL INC. (RBA) a buy?
- RBA currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Strong post-IAA auction platform compounding revenue and cash flow, but a 54x P/E leaves little room for error.
- What is RBA's fair value?
- A Modified-Graham model based on RBA's SEC fundamentals estimates a fair value of about $30.56. It is an estimate from reported earnings, not a price target.
- Is RBA overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, RBA currently appears overvalued relative to its SEC-grounded earnings power.
- What is RB GLOBAL INC.'s quality score?
- RBA scores 64.68612181774685/100 (grade C+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001046102, latest 10-Q filed 2026-05-04) · EODHD · Proprietary analysis · as of 6/21/2026, 8:41:28 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.