RB Global (RBA) Tops A$100 Million At Australian Auctions, Is It Still 13% Undervalued?
RB Global (RBA) is back in focus after Ritchie Bros., its auction arm, reported over A$100 million in gross transaction value at the 2026 Australia National End of Financial Year Auctions.
See our latest analysis for RB Global.
At a share price of $111.65, RB Global has seen its 30 day share price return of 4.03% and 90 day share price return of 7.18% supported by interest in auctions like the A$100 million Australian event, while its 5 year total shareholder return of 102.72% points to a strong longer term payoff for investors who have held through recent swings.
If the RB Global story has you thinking about what else is moving, this could be a good moment to widen your search with 18 top founder-led companies
Bulls point to RB Global’s recent auction milestone and long term total returns, while bears focus on what is already priced into a US$21.1b marketplace business trading near recent highs. Which side does the current valuation support next?
Most Popular Narrative: 12.6% Undervalued
RB Global's most followed narrative points to a fair value above the last close of $111.65, framing the current share price against a higher long term target.
Joint ventures and acquisitions (e.g., LKQ in the U.K., J.M. Wood in the U.S., and new operations in Australia) are building a larger global footprint and improving cross-selling opportunities, supporting long-term revenue and margin growth.
Want to see what underpins that higher fair value for RB Global? The narrative leans on faster earnings growth, wider margins, and a richer future earnings multiple. Curious which assumptions carry the most weight in that model?
Result: Fair Value of $127.73 (UNDERVALUED)
Have a read of the narrative in full and understand what's behind the forecasts.
However, RB Global’s story could change if weaker auction volumes from cautious equipment spending, or tougher competition from direct digital channels, start to pressure its margins.
Find out about the key risks to this RB Global narrative.
Another View: RB Global Looks Expensive On Earnings
While RB Global screens as undervalued on fair value estimates, its current P/E of 51.5x stands well above the US Commercial Services industry at 22.1x, the peer average at 35.9x, and a fair ratio of 27.4x. This raises the question of how much optimism is already in the price.
See what the numbers say about this price — find out in our valuation breakdown.
Next Steps
Reading this mix of optimism and caution around RB Global, it makes sense to check the details yourself and move quickly while sentiment is clear. To see what investors are excited about, take a look at the 3 key rewards.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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