# Marcus & Millichap Inc. (MMI) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Real Estate / Real Estate Management & Development. Price $31.89, market value $1.2 billion.

## Valuation
- **P/E (trailing): 86.2×** (5-yr avg 12.9×). Marcus & Millichap Inc. trades at 86.2× trailing earnings, well above its own five-year average of 12.9×: investors are paying up relative to the company's past. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 34.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.41**. A PEG of 0.41 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.5×**. Each dollar of revenue is priced at 1.5×.
- **Price / book: 2.1×**. The shares trade at 2.1× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 7.0%** (5-yr avg 3.0%). Free cash flow equals 7.0% of the market value, above its five-year average of 3.0%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 1.2%**. The inverse of the P/E: 1.2% of the price is earned each year.

## Profitability
- **Operating margin: 1.2%**. 1.2% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: -0.3%**. The company reported a net loss over the last twelve months.
- **Return on equity: -0.3%**. Return on equity is negative because earnings are negative.
- **Return on assets: 1.7%**. Each dollar of assets produces 1.7% of profit.

## Growth
- **Revenue growth (1 yr): 8.5%** (3-yr -16.6%/yr, 5-yr 1.0%/yr). Revenue grew 8.5% over the last year, against 1.0% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 84.4%**. Earnings per share rose 84.4%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 210.5%/yr**. Free cash flow has compounded at 210.5% a year over three years.

## Financial health
- **Current ratio: 2.55** (quick 2.55). Current assets cover the next year's liabilities 2.55 times.
- **Altman Z-score: 5.39**. A Z-score of 5.39 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.57%** ($0.50 per share, trailing). Marcus & Millichap Inc. yields 1.57%, a modest yield more typical of a growth-oriented payer.
- **Consecutive years of increases: 2**. 2 straight years of increases.

## Price and momentum
- **Total return (1 yr): -0.9%** (YTD 18.0%, 3-mo 5.9%). The shares are down 0.9% over twelve months including dividends.
- **From 52-week high: -4.9%** (30.5% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 52**. An RSI of 52 is neutral.
- **Beta (1 yr): 0.70** (volatility 29%). Beta of 0.70 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MMI · Page: https://foliofundamentals.com/stocks/mmi

Not investment advice.