MMI Share Price | Marcus & Millichap, Inc. Stock Analysis & Recommendation

Q: What does Marcus & Millichap, Inc. do?

Overview:Marcus & Millichap, Inc. is a brokerage company specializing in commercial real estate investment sales, financing, research, and advisory services, operating within the Realty industry and classified as a micro-cap company.Financial Snapshot:Most recent Net Sales: 145 Million (Quarterly Results - Mar 2025) Most recent Net Profit: -4 Million (Quarterly Results - Mar 2025) Market cap: USD 1,178.27 Million (Micro Cap)Key Metrics:P/E: NA (Loss Making) Industry P/E: NA Dividend Yield: 1.64% Debt Equity: -999,999.00 Return on Equity: -1.10% Price to Book: 1.91Contact Details:Address: 23975 Park Sorrento Ste 400, CALABASAS CA: 91302-4014 Tel: ['1 818 2122250', '1 203 6828265'] Fax: 1 818 2122260 Website: http://www.marcusmillichap.com/

Q: Is Marcus & Millichap, Inc. overvalued or undervalued?

As of 3 November 2023, the valuation grade for Marcus & Millichap, Inc. has moved from expensive to risky, indicating a shift in perception regarding its financial health. The company appears to be overvalued based on its current metrics, particularly given its negative P/E ratio and ROE of -1.10%. Key ratios include a Price to Book Value of 1.88, an EV to Sales ratio of 1.25, and a troubling EV to EBITDA of -64.45, which suggests significant operational challenges.In comparison with peers, Marcus & Millichap's valuation is starkly lower than that of Jones Lang LaSalle, Inc., which has a P/E of 25.21, and Howard Hughes Holdings, Inc., with a P/E of 18.48. This highlights the company's relative underperformance within the industry. Additionally, over the past year, Marcus & Millichap has returned -18.70%, significantly lagging behind the S&P 500's return of 17.14%, reinforcing the notion that the stock may not be a favorable investment at this time.

Q: Is Marcus & Millichap, Inc. technically bullish or bearish?

As of 24 October 2025, the technical trend for Marcus & Millichap, Inc. has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by bearish signals from the MACD on both weekly and monthly timeframes, and a mildly bearish indication from daily moving averages. The Bollinger Bands show a bullish weekly signal but a mildly bearish monthly signal, while the Dow Theory indicates a mildly bullish weekly but mildly bearish monthly outlook. The stock has underperformed against the S&P 500 over the year and longer periods, with a year-to-date return of -17.98% compared to the S&P 500's 15.47%.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

85.39 k

Shareholding (Dec 2025)

FII

6.72%

Held by 79 FIIs

DII

59.13%

Held by 38 DIIs

Promoter

0.00%

How big is Marcus & Millichap, Inc.?

22-Jun-2025

As of Jun 18, Marcus & Millichap, Inc. has a market capitalization of $1.18 billion, with net sales of $712 million and a net profit of -$6.79 million over the latest four quarters. Shareholder's funds are reported at $630.82 million, and total assets amount to $869.80 million.

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What does Marcus & Millichap, Inc. do?

22-Jun-2025

Marcus & Millichap, Inc. is a brokerage firm focused on commercial real estate investment sales, financing, research, and advisory services. As of March 2025, it reported net sales of $145 million and a net loss of $4 million, with a market cap of approximately $1.18 billion.

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Who are in the management team of Marcus & Millichap, Inc.?

22-Jun-2025

As of March 2022, the management team of Marcus & Millichap, Inc. includes George Marcus (Chairman), Hessamedin Nadji (CEO), and several independent directors: Norma Lawrence, Lauralee Martin, Nicholas McClanahan, William Millichap, and George Shaheen. They are responsible for the company's strategic direction and operations.

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Is Marcus & Millichap, Inc. overvalued or undervalued?

20-Sep-2025

As of November 3, 2023, Marcus & Millichap, Inc. is considered risky and overvalued due to a negative P/E ratio, low ROE, and poor performance compared to peers and the S&P 500, with a return of -18.70% over the past year.

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Is Marcus & Millichap, Inc. technically bullish or bearish?

28-Oct-2025

As of October 24, 2025, Marcus & Millichap, Inc. shows a mildly bearish trend influenced by bearish MACD signals and underperformance against the S&P 500, with a year-to-date return of -17.98% compared to the S&P 500's 15.47%.

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Compare Marcus & Millichap, Inc. with Similar Stocks

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Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

Poor long term growth as Operating profit has grown by an annual rate of -168.58%

Flat results in Jun 25

Risky - Negative Operating Profits

Consistent Underperformance against the benchmark over the last 3 years

Mojo Parameters

Stock DNA

Industry

Realty

Market cap

USD 991 Million (Small Cap)

P/E

NA (Loss Making)

Industry P/E

Dividend Yield

1.96%

Debt Equity

-999,999.00

Return on Equity

-0.32%

Price to Book

1.64

Revenue and Profits:

Net Sales:

244 Million

(Quarterly Results - Dec 2025)

Net Profit:

13 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

-5.85%

6 Months

-11.66%

1 Year

-26.34%

2 Years

-18.9%

3 Years

-13.1%

4 Years

-46.93%

5 Years

-22.66%

Marcus & Millichap, Inc. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

1.05%

EBIT Growth (5y)

-131.50%

EBIT to Interest (avg)

62.62

Debt to EBITDA (avg)

Negative Net Debt

Net Debt to Equity (avg)

Sales to Capital Employed (avg)

Tax Ratio

44.35%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

60.40%

ROCE (avg)

42.44%

ROE (avg)

8.29%

Valuation key factors

Factor

Value

P/E Ratio

NA (Loss Making)

Industry P/E

Price to Book Value

1.64

EV to EBIT

-58.87

EV to EBITDA

-738.17

EV to Capital Employed

2.11

EV to Sales

0.98

PEG Ratio

Dividend Yield

1.96%

ROCE (Latest)

-3.58%

ROE (Latest)

-0.32%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Mildly Bullish

Bearish

RSI

No Signal

Bollinger Bands

Mildly Bearish

Bearish

Moving Averages

Bearish (Daily)

KST

Mildly Bullish

Bearish

Dow Theory

No Trend

OBV

No Trend

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Dec 2025

Shareholding Compare (%holding)

Majority shareholders

Domestic Funds

Held in 47 Schemes (34.09%)

Foreign Institutions

Held by 79 Foreign Institutions (6.72%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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Quarterly Results Snapshot (Consolidated) - Dec'25 - QoQ

Dec'25

Sep'25

Change(%)

Net Sales

243.90

193.90

25.79%

Operating Profit (PBDIT) excl Other Income

19.00

0.90

2,011.11%

Interest

0.20

Exceptional Items

0.00

Consolidate Net Profit

13.30

0.20

6,550.00%

Operating Profit Margin (Excl OI)

64.20%

-9.40%

7.36%

USD in Million.

Compare with Peers

Net Sales

QoQ Growth in quarter ended Dec 2025 is 25.79% vs 12.54% in Sep 2025

Consolidated Net Profit

QoQ Growth in quarter ended Dec 2025 is 6,550.00% vs 101.82% in Sep 2025

All Quarterly Results

Annual Results Snapshot (Consolidated) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

755.20

696.10

8.49%

Operating Profit (PBDIT) excl Other Income

-0.20

-14.80

98.65%

Interest

0.80

Exceptional Items

0.00

Consolidate Net Profit

-1.90

-12.40

84.68%

Operating Profit Margin (Excl OI)

-16.30%

-45.00%

2.87%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Dec 2025 is 8.49% vs 7.77% in Dec 2024

Consolidated Net Profit

YoY Growth in year ended Dec 2025 is 84.68% vs 63.53% in Dec 2024

All Annual Results

Company CV

About Marcus & Millichap, Inc.

Marcus & Millichap, Inc.

Realty

Marcus & Millichap, Inc. is a brokerage company specializing in commercial real estate investment sales, financing, research and advisory services. The Company offers three primary services to its clients: commercial real estate investment brokerage, financing, and ancillary services, including other research, advisory and consulting services. It provides its financing services through Marcus & Millichap Capital Corporation, which is a broker of debt financing for commercial properties. Its research, advisory and consulting services are designed to assist clients in forming their investment strategy and making transaction decisions. Its advisory services include opinions of value, operating and financial performance benchmarking analysis, and specific asset buy-sell strategies. The Company has over 2,000 investment sales and financing professionals in various offices in the United States and Canada that provide investment brokerage and financing services.

Company Coordinates

Company Details

23975 Park Sorrento Ste 400 , CALABASAS CA : 91302-4014

Tel: 1 818 21222501 203 6828265

http://www.marcusmillichap.com/

Registrar Details