US · MMI
Marcus & Millichap, Inc.
- Sector
- Real Estate · Real Estate - Services
- Headquarters
- Calabasas, CA 91302
- Website
- marcusmillichap.com
Price · as of 2025-12-31
$27.70
Market cap 1.03B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $43.01 | +55.27% |
| Intrinsic Value(DCF) | $13.34 | -51.84% |
| Graham-Dodd Method(GD) | $15.24 | -44.97% |
| Graham Formula(GF) | — | — |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | |||||
| 2012 | $0.00 | $34.43 | |||
| 2013 | $16.52 | $33.66 | $45.89 | $0.00 | $4.35 |
| 2014 | $30.35 | $60.92 | $703.61 | $9.22 | $48.41 |
| 2015 | $23.10 | $54.61 | $405.81 | $13.40 | $47.21 |
| 2016 | $24.44 | $55.49 | $107.54 | $14.96 | $20.19 |
| 2017 | $33.19 | $62.34 | $9.69 | $14.68 | $11.25 |
| 2018 | $35.36 | $56.37 | $17.39 | $21.31 | $46.26 |
| 2019 | $28.48 | $77.73 | $10.76 | $21.94 | $14.01 |
| 2020 | $32.20 | $46.48 | $9.65 | $18.36 | $0.00 |
| 2021 | $41.95 | $86.30 | $2,326.23 | $34.46 | $305.09 |
| 2022 | $30.76 | $62.66 | $975.58 | $7.30 | $22.24 |
| 2023 | $33.59 | $260.61 | $5.46 | $3.50 | $35.28 |
| 2024 | $36.72 | $71.13 | $4.94 | $5.89 | $0.00 |
| 2025 | $26.48 | $43.01 | $4.33 | $15.24 | $0.00 |
AI valuation
Our deep-learning model estimates Marcus & Millichap, Inc.'s (MMI) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $43.01
- Current price
- $27.70
- AI upside
- +55.27%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$13.34
-51.84% upside
Graham-Dodd
$15.24
-44.97% upside
Graham Formula
—
— upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| MMI | Marcus & Millichap, Inc. | $27.70 | 1.03B | +55% | -52% | -45% | — | 58.91 | 1.71 | 1.37 | 53.93 | — | 1.84 | 37.70% | -1.82% | -0.25% | 2.84% | -1.38% | 2.06% | 0.13 | -17.74 | 2.55 | 2.20 | -5.26 | -8469.00% | 849.00% | 32472.00% | 5.70% | 0.55 | 14.80% | 0.00% | 0.00% | 1.40% | -62.50 | 14.58 | 1.13 | 4.59 |
| AAT | American Assets Trust, In… | $19.52 | 1.2B | +135% | -55% | — | -79% | 16.68 | 1.03 | 2.73 | 9.97 | — | 1.05 | 61.12% | 33.45% | 16.36% | 6.13% | 5.24% | 2.30% | 1.48 | 1.87 | 2.04 | 2.04 | 5.68 | -213.00% | -473.00% | -3071.00% | 7.97% | 1.54 | 3.44% | 8.84% | 147.50% | 11.43% | 18.96 | 29.17 | 6.34 | 0.59 |
| ALEX | Alexander & Baldwin, Inc. | $20.79 | 1.51B | +13% | -53% | -79% | -16% | 20.47 | 1.24 | 5.24 | 13.34 | 19.99 | 1.29 | 45.49% | 33.71% | 25.58% | 6.03% | 5.49% | 3.65% | 0.47 | 3.13 | 0.26 | 0.26 | 3.50 | 10244.00% | 1331.00% | 3152.00% | 3.81% | 0.47 | 3.26% | 5.24% | 107.30% | 6.30% | 21.07 | 35.60 | 7.10 | 0.62 |
| HBNB | Hotel101 Global Holdings … | $8.12 | 1.9B | — | — | — | — | — | — | — | — | — | — | 43.34% | -81.55% | -108.70% | -245.56% | 97.57% | -9.80% | 0.78 | -2.95 | 0.94 | 0.20 | 3.30 | — | 41629958.00% | -7830.00% | — | -0.09 | 151.41% | — | 0.00% | — | — | — | — | — |
| HOUS | Anywhere Real Estate Inc. | $17.64 | 1.98B | -12% | -91% | — | — | -3.05 | 0.25 | 0.07 | 12.70 | -9.95 | -0.37 | 34.68% | 1.12% | -2.25% | -7.83% | 1.37% | -2.21% | 1.95 | 0.42 | 0.42 | 0.27 | 11.22 | 3068.00% | 99.00% | -7739.00% | 6.71% | 0.07 | 0.57% | 0.77% | -2.40% | 18.83% | 51.98 | 127.95 | 0.58 | 0.13 |
| JBGS | JBG SMITH Properties | $15.21 | 896.66M | +16% | -61% | — | -94% | -7.27 | 0.87 | 2.03 | 5.51 | -27.27 | 0.90 | -14.46% | -1.29% | -27.89% | -9.38% | -0.23% | -2.96% | 0.00 | -0.04 | — | — | -0.44 | 2667.00% | -890.00% | -18265.00% | 7.25% | — | 2.73% | 4.79% | -34.80% | 300.65% | -145.36 | 12.77 | 1.88 | 0.03 |
| KW | Kennedy-Wilson Holdings, … | $10.88 | 1.5B | +66% | -60% | — | — | -38.15 | 0.80 | 2.42 | 15.17 | — | 0.82 | 70.34% | 12.89% | -6.21% | -2.01% | 1.06% | -0.46% | 2.99 | 0.26 | 1.02 | 0.99 | 11.84 | -7724.00% | -555.00% | -5455.00% | -5.95% | 0.10 | -1.19% | 11.18% | -426.40% | 44.78% | 85.44 | -76.51 | 11.01 | 0.16 |
| PEB | Pebblebrook Hotel Trust | $12.83 | 1.52B | +31,809% | -60% | +43% | — | -24.26 | 0.61 | 1.02 | 15.29 | -18.55 | 0.61 | -6.69% | 5.10% | -4.46% | -2.41% | 1.47% | -1.13% | 1.17 | 0.73 | 2.08 | 2.08 | 9.80 | 13077.00% | 153.00% | -4461.00% | 10.09% | 2.38 | 2.98% | 0.00% | 0.00% | 5.21% | 55.88 | 27.60 | 2.85 | 0.28 |
| REAX | The Real Brokerage Inc. | $2.65 | 561.27M | +1,242% | +339,681% | — | — | -32.56 | 26.88 | 0.68 | -33.68 | — | 41.99 | 9.07% | -1.99% | -2.10% | -76.91% | -694.26% | -35.12% | 0.00 | -22.46 | 1.34 | 0.87 | 0.95 | -667.00% | 8350.00% | 14780.00% | 5.52% | 0.89 | 1312.40% | 0.00% | 0.00% | 5.20% | -32.95 | 17.43 | 0.66 | 21.73 |
| RLJ | RLJ Lodging Trust | $8.02 | 1.21B | +225% | -40% | +94% | -83% | 39.54 | 0.56 | 0.90 | 2.47 | — | 0.56 | -0.87% | 9.38% | 2.29% | 1.39% | 4.24% | 0.64% | 0.00 | 1.13 | 8.62 | 8.62 | -1.25 | -9452.00% | -143.00% | -1458.00% | 19.99% | 4.78 | 8.16% | 0.00% | 0.00% | 194.15% | 6.39 | 3.32 | 0.60 | 0.76 |
About Marcus & Millichap, Inc.
Marcus & Millichap, Inc., an investment brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, industrial, single-tenant net lease, seniors housing, self-storage, hospitality, medical office, and manufactured housing. It also operates as a financial intermediary that provides commercial real estate capital markets solutions, including senior debt, mezzanine debt, joint venture, and preferred equity, as well as loan sales and consultative/due diligence services to commercial real estate owners, developers, investors, and capital providers. In addition, the company provides various ancillary services, including research, advisory, and consulting services to developers, lenders, owners, real estate investment trusts, high net worth individuals, pension fund advisors, and other institutions. Marcus & Millichap, Inc. was founded in 1971 and is headquartered in Calabasas, California.
- CEO
- Hessam Nadji
- Employees
- 897
- Beta
- 1.32
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($13.34 ÷ $27.70) − 1 = -51.84% (DCF, example).