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Rightmove plcRMV.LCompetitor analysis, valuation and peers

United Kingdom · GBP·Information Technology›Internet Software/Services

UK's leading online property portal listing homes for sale and rent, funded by estate-agent subscriptions.

≈ The UK's ZillowMomentum leader 89
Mkt cap
$5.38B
US dollars, full cap
Free float
95%
of shares outstanding
$/day
$27.9M
20-day average traded
Fwd P/E
18.1×
forward earnings
ROIC−WACC
n/a
WACC 11.5%
Hurdle
-4 pp
Req g minus delivered
Next earnings
112 days
26 Feb 2027
Close · GBP£555.40
1D+0.9%
1W+6.9%
1M+10.5%
3M+16.5%
6M+34.6%
YTD+6.9%
1Y-3.2%
ATR %3.7%
52w lowhigh3.7% off high

What Rightmove does

UK's leading online property portal listing homes for sale and rent, funded by estate-agent subscriptions.

Charges estate agents and new-home developers a monthly subscription to advertise on the site, so income depends on how many advertisers it has and how much each pays, not on how many homes sell. It raises the amount per advertiser by selling paid upgrades and data tools. Home hunters use it free.

In one line: The UK's Zillow.

Products and services

  • Property listings (residential)
  • Commercial property listings
  • Data/analytics products for agents

Customers

  • Estate agents & developers (subscribers)
  • Home buyers/renters (consumers)

Where it sits in the supply chain

  • Information Technology
  • Online classifieds/marketplace
  • Residential & commercial property…

What could go right

  • UK housing transaction volume recovery
  • Continued subscription price increases

What could go wrong

  • CoStar's aggressive UK entry (Homes.com)
  • UK housing transaction cyclicality

Moat: wide (network effects, brand, scale). Dominant network effect: most agents list and most buyers search there first.

Headquarters: Milton Keynes, UK · Founded: 2000

Named competitors

Rightmove at a glance

Size Rightmove (RMV.L) is a United Kingdom Information Technology company (Internet Software/Services) with a market value of $5.38B, the 91st largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £555.40 on 6 Nov 2026.

Performance Over six months the shares gained 34.6%, against +5.9% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 4th highest of 20 in its peer set.

Growth Revenue grew 7.3% over the last twelve months (peer median +9.1%); the operating margin is 66.2% (peer median 21.6%).

Valuation It trades at 18.1× forward earnings against a peer median of 35.0× (4th cheapest of 20).

Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is -4 pp: the price already allows for a slowdown.

Next results Next results expected around 26 Feb 2027 (exchange calendar; dates can move).

Relative performance

10012014011 May 202611 Aug 20266 Nov 2026RMV.L 135Peer median 106
Six months, rebased to 100: Rightmove against the median of its 20 peers (local-currency closes).

Rightmove financials

Reported figures in GBP; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue£439M£425M£390M£364M£333M
Revenue growth—+9%+7%+10%—
Gross profit£429M£417M£384M£359M£328M
EBITDA£301M£296M£272M£263M£246M
Net income£218M£217M£193M£199M£196M
Free cash flow£241M£238M£213M£206M£198M
Capital expenditure£12.5M£10.2M£9.08M£3.35M£2.85M
Total debtn/a£7.18M£6.16M£7.40M£9.57M

Quarterly statements and history in the cockpit →

Rightmove competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%+100%0%+50%BRZEVENDAUTOPOLICYBZRAG1G24SMGNAUKRICRISILPPLI300413603000ABSLAMCDAORMV.L6-month return →1-month return →
Up and to the right = strong over both horizons. Rightmove is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%+40%0×100×200×300×BRZEVENDAUTOMBGLPOLICYBZRAG1CARG24NAUKRICRISILPPLI300413603000IT300253RMV.LRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Rightmove is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%BRZEVENDAUTOMBGLCARG24SMGSEKNAUKRIPPLI300413603000DAOIT300253RMV.LGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Rightmove is the large dot.

Rightmove competitors and peer comparison

Head to head with its named competitors (RMV.L vs CSGP)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Rightmove RMV.L$5.38B+35%+7%66%18.1×11.6%
CoStar CSGP$12.3B-7%+20%6%18.1×n/a

How Rightmove compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Rightmove against its 20 peers (data as of 6 Nov 2026)
MeasureRMV.LPeer medianRank in peer set
1-month return+10.5%+8.8%10th highest of 21
6-month return+34.6%+5.9%4th highest of 20
Distance from 52-week high-3.7%-26.6%3rd highest of 21
Revenue growth (TTM)+7.3%+9.1%10th lowest of 21
Operating margin66.2%21.6%highest of 21
Forward P/E18.1×35.0×4th cheapest of 20
Growth the price implies (Req g, 7 yrs)11.6%17.7%7th least demanding of 16
Growth delivered (Del g)+15.6%+11.1%6th highest of 16
Hurdle (Req g minus delivered)-4.0 pp+6.7 pp6th least demanding of 16
EV / EBITDA13.2×17.1×4th cheapest of 11
Net debt / EBITDA-0.1×1.1×3rd least indebted of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Rightmove RMV.LUnited Kingdom$5.38B+35%+7%66%18.1×11.6%+15.6%
Braze BRZEUnited States$5.20B+111%+27%-13%57.1×27.9%+37.5%
Vend Marketplaces VEND.OLNorway$5.11B-4%-14%29%35.2×10.7%-13.2%
Autotrader AUTO.LUnited Kingdom$5.68B+12%+4%62%14.3×-0.7%+18.9%
Mobility Global MBGLUnited States$5.79Bn/a+8%51%13.2×-6.0%+8.5%
PB Fintech POLICYBZR.NSIndia$4.74B-43%+37%7%41.0×n/an/a
AUTO1 AG1.DEGermany$4.34B-14%+21%1%29.2×n/an/a
CAR CAR.AXAustralia$6.85B-3%+6%38%28.5×21.8%+24.0%
Scout24 G24.DEGermany$6.99B+19%+16%49%22.3×10.3%+12.9%
SMG Swiss Marketplace SMG.SWSwitzerland$3.77B+7%+13%35%23.9×5.8%+12.4%
Seek SEK.AXAustralia$3.59B+8%+17%24%25.8×17.7%+11.1%
Info Edge India NAUKRI.NSIndia$8.18B+21%+13%34%59.6×51.8%+23.8%
Crisil CRISIL.NSIndia$3.40B+6%+24%26%35.0×n/an/a
People PPLIUnited States$3.16B-4%-29%2%38.9×36.5%-2.8%
Mango Excellent Media 300413.SZChina$9.77B+79%+10%-3%143.0×13.1%-0.3%
People.cn 603000.SSChina$2.69B-15%0%12%77.2×28.6%-0.4%
Aditya Birla Sun Life Amc ABSLAMC.NSIndia$2.68B-19%+4%60%23.9×n/an/a
Youdao, Inc. Sponsored ADR DAOUnited States$2.50B+59%+10%4%59.4×33.6%+17.6%
Shanghai Great Wisdom 601519.SSChina$2.49B-18%+6%-8%n/an/an/a
Gartner ITUnited States$12.0B+20%0%19%11.8×-4.0%+9.6%
Winning Health Technology 300253.SZChina$2.31B-19%+6%-20%351.5×18.9%-1.4%

Questions

Who are Rightmove's main competitors?
Named competitors: Zoopla (private or unlisted), OnTheMarket (CoStar) (CSGP), Purplebricks (private or unlisted). The cockpit's measured peer set (industry) also includes Braze (BRZE), Vend Marketplaces (VEND.OL), Autotrader (AUTO.L), Mobility Global (MBGL), PB Fintech (POLICYBZR.NS), AUTO1 (AG1.DE).
Is Rightmove expensive compared with its peers?
On forward p/e it trades at 18.1× against a peer median of 35.0×, 4th cheapest of 20 in its peer set. For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +16%, so the hurdle is -4 pp: the price already allows for a slowdown.
How has Rightmove stock performed?
Over six months to 6 Nov 2026 the shares returned +34.6% against +5.9% for the median peer; over one year -3.2%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.