Marcus & Millichap Inc
NYSE:MMI

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Marcus & Millichap Inc Logo
Marcus & Millichap Inc
NYSE:MMI
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Price: 34.88 USD -2.19% Market Closed
Market Cap: 1.4B USD
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Relative Value

The Relative Value of one MMI stock under the Base Case scenario is 50.44 USD. Compared to the current market price of 34.88 USD, Marcus & Millichap Inc is Undervalued by 31%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

MMI Relative Value
Base Case
50.44 USD
Undervaluation 31%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

2.2
P/S
P/S
Price to Sales
2.2
vs History
1
vs Industry
58
Median 3Y
1.5
Median 5Y
1.6
Industry
3.6
Forward
2.1
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
31
Median 3Y
8.7
Median 5Y
13.7
Industry
16.9
Forward
-53.1
More Details
Negative
P/OCF
P/OCF
Price to OCF
N/A
vs History
vs Industry
2
Median 3Y
-20.4
Median 5Y
8.6
Industry
11
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
0
Median 3Y
-17.9
Median 5Y
-15.4
Industry
13.4
More Details
2.2
P/B
P/B
Price to Book Value
2.2
vs History
25
vs Industry
13
Median 3Y
2.1
Median 5Y
2.3
Industry
0.8
More Details
1.7
EV/S
EV/S
Enterprise Value to Sales
1.7
vs History
1
vs Industry
71
Median 3Y
1.1
Median 5Y
1.2
Industry
6.6
Forward
1.6
More Details
4.4
EV/GP
EV/GP
Enterprise Value to Gross Profit
4.4
vs History
3
vs Industry
70
Median 3Y
3.1
Median 5Y
3.2
Industry
11.9
More Details
Negative
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
N/A
vs History
vs Industry
60
Median 3Y
4.2
Median 5Y
6.5
Industry
15.8
Forward
-35.5
More Details
Negative
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
N/A
vs History
vs Industry
59
Median 3Y
4.5
Median 5Y
7
Industry
19
Forward
-23.1
More Details
Negative
EV/OCF
EV/OCF
Enterprise Value to OCF
N/A
vs History
vs Industry
5
Median 3Y
-15.7
Median 5Y
5.9
Industry
18.5
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
1
Median 3Y
-13.9
Median 5Y
5.2
Industry
20.2
More Details
2
EV/IC
EV/IC
Enterprise Value to IC
2
vs History
41
vs Industry
6
Median 3Y
2
Median 5Y
2.2
Industry
0.7
More Details

Multiples Across Competitors

MMI Competitors Multiples
Marcus & Millichap Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Marcus & Millichap Inc
NYSE:MMI
1.4B USD 2.2 -43.5 -25 -18.6
US
CBRE Group Inc
NYSE:CBRE
39.7B USD 1.2 41.4 21 30.4
CN
Ke Holdings Inc
HKEX:2423
155.9B HKD 1.8 35.3 35.1 35.1
US
Zillow Group Inc
NASDAQ:ZG
15.9B USD 7.4 -119.9 847.8 -67.4
US
Jones Lang LaSalle Inc
NYSE:JLL
11.8B USD 0.5 24.6 14.5 19
CA
FirstService Corp
TSX:FSV
11.5B CAD 1.6 74.1 19.9 29.8
CA
Colliers International Group Inc
TSX:CIGI
9.8B CAD 1.5 47.8 14.5 22.7
UK
Cushman & Wakefield PLC
NYSE:CWK
2.8B USD 0.3 31.7 11 15.4
US
Compass Inc
NYSE:COMP
2.8B USD 0.5 -14.4 -25.7 -14.1
US
Newmark Group Inc
NASDAQ:NMRK
2.1B USD 0.8 39.8 11.4 24.5
HK
China Overseas Property Holdings Ltd
HKEX:2669
15.8B HKD 1.2 11 5.7 5.7
P/E Multiple
Earnings Growth PEG
US
Marcus & Millichap Inc
NYSE:MMI
Average P/E: 38.2
Negative Multiple: -43.5 		N/A N/A
US
CBRE Group Inc
NYSE:CBRE
41.4
31%
1.3
CN
K
Ke Holdings Inc
HKEX:2423
35.3
-14%
N/A
US
Zillow Group Inc
NASDAQ:ZG
Negative Multiple: -119.9 N/A N/A
US
Jones Lang LaSalle Inc
NYSE:JLL
24.6
61%
0.4
CA
FirstService Corp
TSX:FSV
74.1
41%
1.8
CA
Colliers International Group Inc
TSX:CIGI
47.8
83%
0.6
UK
Cushman & Wakefield PLC
NYSE:CWK
31.7
N/A N/A
US
C
Compass Inc
NYSE:COMP
Negative Multiple: -14.4 N/A N/A
US
Newmark Group Inc
NASDAQ:NMRK
39.8
86%
0.5
HK
C
China Overseas Property Holdings Ltd
HKEX:2669
11
17%
0.6
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Marcus & Millichap Inc
NYSE:MMI
Average EV/EBITDA: 109
Negative Multiple: -25 		N/A N/A
US
CBRE Group Inc
NYSE:CBRE
21
28%
0.7
CN
K
Ke Holdings Inc
HKEX:2423
35.1
28%
1.3
US
Zillow Group Inc
NASDAQ:ZG
847.8
N/A N/A
US
Jones Lang LaSalle Inc
NYSE:JLL
14.5
19%
0.8
CA
FirstService Corp
TSX:FSV
19.9
15%
1.3
CA
Colliers International Group Inc
TSX:CIGI
14.5
16%
0.9
UK
Cushman & Wakefield PLC
NYSE:CWK
11
25%
0.4
US
C
Compass Inc
NYSE:COMP
Negative Multiple: -25.7 N/A N/A
US
Newmark Group Inc
NASDAQ:NMRK
11.4
30%
0.4
HK
C
China Overseas Property Holdings Ltd
HKEX:2669
5.7
16%
0.4
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Marcus & Millichap Inc
NYSE:MMI
Average EV/EBIT: 22.8
Negative Multiple: -18.6 		N/A N/A
US
CBRE Group Inc
NYSE:CBRE
30.4
37%
0.8
CN
K
Ke Holdings Inc
HKEX:2423
35.1
26%
1.3
US
Zillow Group Inc
NASDAQ:ZG
Negative Multiple: -67.4 N/A N/A
US
Jones Lang LaSalle Inc
NYSE:JLL
19
21%
0.9
CA
FirstService Corp
TSX:FSV
29.8
13%
2.3
CA
Colliers International Group Inc
TSX:CIGI
22.7
20%
1.1
UK
Cushman & Wakefield PLC
NYSE:CWK
15.4
34%
0.5
US
C
Compass Inc
NYSE:COMP
Negative Multiple: -14.1 N/A N/A
US
Newmark Group Inc
NASDAQ:NMRK
24.5
47%
0.5
HK
C
China Overseas Property Holdings Ltd
HKEX:2669
5.7
17%
0.3

See Also

Summary
MMI intrinsic value, competitors valuation, and company profile.
DCF Valuation
MMI stock valuation using Discount Cash Flow valuation method.
Relative Valuation
MMI stock valuation using valuation multiples.
Wall Street Estimates
MMI price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
MMI stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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