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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash-to-Debt 22.21
MMI's Cash-to-Debt is ranked higher than
79% of the 1604 Companies
in the Global Real Estate Services industry.

( Industry Median: 0.35 vs. MMI: 22.21 )
Ranked among companies with meaningful Cash-to-Debt only.
MMI' s Cash-to-Debt Range Over the Past 10 Years
Min: 8.17  Med: 22.21 Max: No Debt
Current: 22.21
Equity-to-Asset 0.66
MMI's Equity-to-Asset is ranked higher than
76% of the 1548 Companies
in the Global Real Estate Services industry.

( Industry Median: 0.46 vs. MMI: 0.66 )
Ranked among companies with meaningful Equity-to-Asset only.
MMI' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.24  Med: 0.44 Max: 0.66
Current: 0.66
0.24
0.66
Interest Coverage 69.47
MMI's Interest Coverage is ranked higher than
68% of the 1440 Companies
in the Global Real Estate Services industry.

( Industry Median: 10.92 vs. MMI: 69.47 )
Ranked among companies with meaningful Interest Coverage only.
MMI' s Interest Coverage Range Over the Past 10 Years
Min: 51.25  Med: 202.72 Max: 12252
Current: 69.47
51.25
12252
Piotroski F-Score: 6
Altman Z-Score: 7.97
Beneish M-Score: -2.16
WACC vs ROIC
12.97%
113.79%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating Margin % 14.84
MMI's Operating Margin % is ranked lower than
56% of the 1570 Companies
in the Global Real Estate Services industry.

( Industry Median: 18.25 vs. MMI: 14.84 )
Ranked among companies with meaningful Operating Margin % only.
MMI' s Operating Margin % Range Over the Past 10 Years
Min: 4.88  Med: 12.71 Max: 16.64
Current: 14.84
4.88
16.64
Net Margin % 9.01
MMI's Net Margin % is ranked lower than
56% of the 1583 Companies
in the Global Real Estate Services industry.

( Industry Median: 11.87 vs. MMI: 9.01 )
Ranked among companies with meaningful Net Margin % only.
MMI' s Net Margin % Range Over the Past 10 Years
Min: 1.88  Med: 7.24 Max: 9.63
Current: 9.01
1.88
9.63
ROE % 28.87
MMI's ROE % is ranked higher than
94% of the 1586 Companies
in the Global Real Estate Services industry.

( Industry Median: 6.40 vs. MMI: 28.87 )
Ranked among companies with meaningful ROE % only.
MMI' s ROE % Range Over the Past 10 Years
Min: 21.99  Med: 49.32 Max: 133.7
Current: 28.87
21.99
133.7
ROA % 18.99
MMI's ROA % is ranked higher than
97% of the 1630 Companies
in the Global Real Estate Services industry.

( Industry Median: 2.58 vs. MMI: 18.99 )
Ranked among companies with meaningful ROA % only.
MMI' s ROA % Range Over the Past 10 Years
Min: 6.38  Med: 24.32 Max: 41.84
Current: 18.99
6.38
41.84
ROC (Joel Greenblatt) % 757.82
MMI's ROC (Joel Greenblatt) % is ranked higher than
91% of the 1581 Companies
in the Global Real Estate Services industry.

( Industry Median: 14.82 vs. MMI: 757.82 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
MMI' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 289.17  Med: 855.24 Max: 1189.82
Current: 757.82
289.17
1189.82
3-Year Revenue Growth Rate 17.80
MMI's 3-Year Revenue Growth Rate is ranked higher than
73% of the 1313 Companies
in the Global Real Estate Services industry.

( Industry Median: 4.50 vs. MMI: 17.80 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
MMI' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 17.8
Current: 17.8
0
17.8
3-Year EBITDA Growth Rate 63.80
MMI's 3-Year EBITDA Growth Rate is ranked higher than
90% of the 1093 Companies
in the Global Real Estate Services industry.

( Industry Median: 7.50 vs. MMI: 63.80 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
MMI' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 63.8
Current: 63.8
0
63.8
3-Year EPS without NRI Growth Rate 90.50
MMI's 3-Year EPS without NRI Growth Rate is ranked higher than
93% of the 1025 Companies
in the Global Real Estate Services industry.

( Industry Median: 5.60 vs. MMI: 90.50 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
MMI' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 90.5
Current: 90.5
0
90.5
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» MMI's 10-Y Financials

Financials (Next Earnings Date: 2017-08-04 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

MMI Guru Trades in Q1 2016

Jim Simons 214,200 sh (+576.84%)
Chuck Royce 1,597,932 sh (+126.23%)
Joel Greenblatt Sold Out
Murray Stahl 19,651 sh (-3.94%)
Paul Tudor Jones 22,874 sh (-4.76%)
» More
Q2 2016

MMI Guru Trades in Q2 2016

Chuck Royce 2,365,410 sh (+48.03%)
Murray Stahl 16,736 sh (-14.83%)
Paul Tudor Jones 18,867 sh (-17.52%)
Jim Simons 108,500 sh (-49.35%)
» More
Q3 2016

MMI Guru Trades in Q3 2016

Paul Tudor Jones 21,962 sh (+16.40%)
Chuck Royce 2,416,910 sh (+2.18%)
Murray Stahl 16,363 sh (-2.23%)
Jim Simons 28,600 sh (-73.64%)
» More
Q4 2016

MMI Guru Trades in Q4 2016

Chuck Royce 2,525,623 sh (+4.50%)
Jim Simons Sold Out
Murray Stahl 15,283 sh (-6.60%)
Paul Tudor Jones 10,405 sh (-52.62%)
» More
» Details

Insider Trades

Latest Guru Trades with MMI

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Business Description

Industry: Real Estate Services » Real Estate Services    NAICS: 531210    SIC: 6531
Compare:OTCPK:BRPPF, OTCPK:DIBUF, OTCPK:TCNGF, NYSE:RMAX, NYSE:HF, OTCPK:HFOKF, OTCPK:BBXT, NAS:IRCP, OTCPK:TCOSF, OTCPK:PSAHF, OTCPK:LSIHF, OTCPK:CYWDF, NYSE:LEJU, OTCPK:SVLPF, OTCPK:AKFHF, OTCPK:WIHLY, NAS:RMR, NAS:FRPH, OTCPK:SNHPF, NAS:LMRK » details
Traded in other countries:M6M.Germany,
Headquarter Location:USA
Marcus & Millichap, Inc., is a national brokerage firm engaged in commercial real estate investment sales, financing, research and advisory services.

Marcus & Millichap, Inc., was incorporated in Delaware on August 26, 1976. The Company was formed as a G. M. Marcus & Company, and was renamed as Marcus & Millichap, Inc in August 1978. In June 2013, in preparation for the spin-off of its real estate investment services business (the "Spin-Off"), MMC formed a holding company called Marcus & Millichap, Inc. in Delaware. The Company is a national brokerage firm engaged in commercial real estate investment sales, financing, research and advisory services. The Company offers market research, consulting and advisory services to developers, lenders, owners and investors. It also services to its clients: commercial real estate investment brokerage and financing. Its advisory services include opinions of value, operating and financial performance benchmarking analysis, specific asset buy-sell strategies, market and submarket analysis and ranking, portfolio strategies by property type, market and development and redevelopment feasibility studies. The Company competes in real estate brokerage and financing within the commercial real estate industry on national, regional and local basis. The Company is subject to governmental laws and regulations.

Guru Investment Theses on Marcus & Millichap Inc

Royce Funds Comments on Marcus & Millichap - Sep 12, 2016

Marcus & Millichap (NYSE:MMI) is a leading commercial real estate sales brokerage firm. Its stock has declined in anticipation of slower sales and earnings growth as the commercial real estate recovery slowly matures.



But we believe the company can outpace its industry's growth over the long term with its primary focus on less cyclical, private sales (deals from $1 million to $10 million), growth in new agents and improving productivity of existing brokers, and market share gains as it expands into underserved locales and specialty properties (such as industrial, office, and hospitality) beyond its core multifamily and retail focus.



Marcus & Millichap's local market presence and knowledge, national footprint, and database of proprietary listings create both a positive network effect and a competitive advantage. If the commercial real estate market experiences a more severe correction, the company should weather the storm because of its highly variable cost structure and rock solid, debt-free balance sheet, which features more than $5 per share in cash.





From Lauren Romeo's Today's Opportunities in Quality Small-Caps.



Check out Chuck Royce latest stock trades

Top Ranked Articles about Marcus & Millichap Inc

Royce Funds Comments on Marcus & Millichap Guru stock highlight
Marcus & Millichap (NYSE:MMI) is a leading commercial real estate sales brokerage firm. Its stock has declined in anticipation of slower sales and earnings growth as the commercial real estate recovery slowly matures. Read more...

Ratios

vs
industry
vs
history
PE Ratio 15.52
MMI's PE Ratio is ranked lower than
56% of the 1275 Companies
in the Global Real Estate Services industry.

( Industry Median: 12.95 vs. MMI: 15.52 )
Ranked among companies with meaningful PE Ratio only.
MMI' s PE Ratio Range Over the Past 10 Years
Min: 11.46  Med: 20.04 Max: 104.55
Current: 15.52
11.46
104.55
PE Ratio without NRI 15.52
MMI's PE Ratio without NRI is ranked lower than
56% of the 1274 Companies
in the Global Real Estate Services industry.

( Industry Median: 13.18 vs. MMI: 15.52 )
Ranked among companies with meaningful PE Ratio without NRI only.
MMI' s PE Ratio without NRI Range Over the Past 10 Years
Min: 11.46  Med: 20.04 Max: 104.55
Current: 15.52
11.46
104.55
Price-to-Owner-Earnings 16.27
MMI's Price-to-Owner-Earnings is ranked lower than
59% of the 752 Companies
in the Global Real Estate Services industry.

( Industry Median: 11.91 vs. MMI: 16.27 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
MMI' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 13.88  Med: 15.96 Max: 18.77
Current: 16.27
13.88
18.77
PB Ratio 3.77
MMI's PB Ratio is ranked lower than
89% of the 1573 Companies
in the Global Real Estate Services industry.

( Industry Median: 1.08 vs. MMI: 3.77 )
Ranked among companies with meaningful PB Ratio only.
MMI' s PB Ratio Range Over the Past 10 Years
Min: 3.46  Med: 8.93 Max: 13.13
Current: 3.77
3.46
13.13
PS Ratio 1.41
MMI's PS Ratio is ranked higher than
72% of the 1525 Companies
in the Global Real Estate Services industry.

( Industry Median: 2.86 vs. MMI: 1.41 )
Ranked among companies with meaningful PS Ratio only.
MMI' s PS Ratio Range Over the Past 10 Years
Min: 1.1  Med: 1.81 Max: 3.11
Current: 1.41
1.1
3.11
Price-to-Free-Cash-Flow 15.50
MMI's Price-to-Free-Cash-Flow is ranked lower than
53% of the 524 Companies
in the Global Real Estate Services industry.

( Industry Median: 13.80 vs. MMI: 15.50 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
MMI' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 10.41  Med: 17.77 Max: 27.02
Current: 15.5
10.41
27.02
Price-to-Operating-Cash-Flow 13.50
MMI's Price-to-Operating-Cash-Flow is ranked lower than
51% of the 756 Companies
in the Global Real Estate Services industry.

( Industry Median: 12.66 vs. MMI: 13.50 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
MMI' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 9.94  Med: 16.1 Max: 25.9
Current: 13.5
9.94
25.9
EV-to-EBIT 6.89
MMI's EV-to-EBIT is ranked higher than
81% of the 1540 Companies
in the Global Real Estate Services industry.

( Industry Median: 12.88 vs. MMI: 6.89 )
Ranked among companies with meaningful EV-to-EBIT only.
MMI' s EV-to-EBIT Range Over the Past 10 Years
Min: 5.2  Med: 13.8 Max: 27.9
Current: 6.89
5.2
27.9
EV-to-EBITDA 6.63
MMI's EV-to-EBITDA is ranked higher than
81% of the 1565 Companies
in the Global Real Estate Services industry.

( Industry Median: 12.08 vs. MMI: 6.63 )
Ranked among companies with meaningful EV-to-EBITDA only.
MMI' s EV-to-EBITDA Range Over the Past 10 Years
Min: 5  Med: 13.4 Max: 25.8
Current: 6.63
5
25.8
Current Ratio 2.99
MMI's Current Ratio is ranked higher than
74% of the 1510 Companies
in the Global Real Estate Services industry.

( Industry Median: 1.80 vs. MMI: 2.99 )
Ranked among companies with meaningful Current Ratio only.
MMI' s Current Ratio Range Over the Past 10 Years
Min: 0.23  Med: 2.28 Max: 2.99
Current: 2.99
0.23
2.99
Quick Ratio 2.99
MMI's Quick Ratio is ranked higher than
82% of the 1510 Companies
in the Global Real Estate Services industry.

( Industry Median: 1.14 vs. MMI: 2.99 )
Ranked among companies with meaningful Quick Ratio only.
MMI' s Quick Ratio Range Over the Past 10 Years
Min: 0.23  Med: 2.28 Max: 2.99
Current: 2.99
0.23
2.99
Days Sales Outstanding 2.45
MMI's Days Sales Outstanding is ranked higher than
85% of the 1044 Companies
in the Global Real Estate Services industry.

( Industry Median: 25.07 vs. MMI: 2.45 )
Ranked among companies with meaningful Days Sales Outstanding only.
MMI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.77  Med: 2.58 Max: 5.45
Current: 2.45
1.77
5.45

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -1.20
MMI's 3-Year Average Share Buyback Ratio is ranked higher than
65% of the 817 Companies
in the Global Real Estate Services industry.

( Industry Median: -4.40 vs. MMI: -1.20 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
MMI' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -1.2  Med: 0 Max: 0
Current: -1.2
-1.2
0

Valuation & Return

vs
industry
vs
history
Price-to-Net-Cash 12.29
MMI's Price-to-Net-Cash is ranked lower than
62% of the 149 Companies
in the Global Real Estate Services industry.

( Industry Median: 6.35 vs. MMI: 12.29 )
Ranked among companies with meaningful Price-to-Net-Cash only.
MMI' s Price-to-Net-Cash Range Over the Past 10 Years
Min: 12.11  Med: 24.91 Max: 37.78
Current: 12.29
12.11
37.78
Price-to-Net-Current-Asset-Value 9.89
MMI's Price-to-Net-Current-Asset-Value is ranked lower than
81% of the 654 Companies
in the Global Real Estate Services industry.

( Industry Median: 2.92 vs. MMI: 9.89 )
Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
MMI' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 9.75  Med: 21.31 Max: 36.34
Current: 9.89
9.75
36.34
Price-to-Tangible-Book 3.78
MMI's Price-to-Tangible-Book is ranked lower than
88% of the 1543 Companies
in the Global Real Estate Services industry.

( Industry Median: 1.12 vs. MMI: 3.78 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
MMI' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.72  Med: 7.25 Max: 10.51
Current: 3.78
3.72
10.51
Price-to-Median-PS-Value 0.78
MMI's Price-to-Median-PS-Value is ranked higher than
77% of the 1194 Companies
in the Global Real Estate Services industry.

( Industry Median: 1.05 vs. MMI: 0.78 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
MMI' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.76  Med: 1.05 Max: 1.25
Current: 0.78
0.76
1.25
Price-to-Graham-Number 1.61
MMI's Price-to-Graham-Number is ranked lower than
79% of the 1087 Companies
in the Global Real Estate Services industry.

( Industry Median: 0.81 vs. MMI: 1.61 )
Ranked among companies with meaningful Price-to-Graham-Number only.
MMI' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.59  Med: 2.8 Max: 4.9
Current: 1.61
1.59
4.9
Earnings Yield (Greenblatt) % 14.48
MMI's Earnings Yield (Greenblatt) % is ranked higher than
84% of the 1853 Companies
in the Global Real Estate Services industry.

( Industry Median: 6.51 vs. MMI: 14.48 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
MMI' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 3.6  Med: 7.3 Max: 19.3
Current: 14.48
3.6
19.3

More Statistics

Revenue (TTM) (Mil) $717.5
EPS (TTM) $ 1.66
Beta1.80
Short Percentage of Float8.28%
52-Week Range $22.93 - 30.31
Shares Outstanding (Mil)38.07
» More Articles for NYSE:MMI

Headlines

Articles On GuruFocus.com
Royce Funds Comments on Marcus & Millichap Sep 20 2016 
Lauren Romeo on Today's Opportunities in Quality Small-Caps Sep 20 2016 

More From Other Websites
Marcus & Millichap, Inc. breached its 50 day moving average in a Bullish Manner : MMI-US : April 27,... Apr 27 2017
Marcus & Millichap, Inc. to Report First Quarter 2017 Financial Results on Tuesday, May 9, 2017 Apr 25 2017
$63.1 Million Multifamily Sale in Hamden Brokered by Marcus & Millichap’s IPA Division Apr 20 2017
$55.2 Million Luxury Multifamily Property Sale Closed by Marcus & Millichap’s IPA Division Apr 11 2017
ETFs with exposure to Marcus & Millichap, Inc. : April 7, 2017 Apr 07 2017
Marcus & Millichap’s IPA Division Closes Sale of Luxury Apartment Building in Portland for $47.5... Apr 06 2017
Guardrisk International Limited PCC -- Moody's places ratings of South African insurance groups on... Apr 04 2017
Phoenix job growth projected to double U.S. average Mar 28 2017
Real estate forecast: Phoenix office market to improve but still battling high vacancies via small... Mar 20 2017
Marcus & Millichap, Inc. :MMI-US: Earnings Analysis: Q4, 2016 By the Numbers : March 20, 2017 Mar 20 2017
Marcus & Millichap, Inc. breached its 50 day moving average in a Bearish Manner : MMI-US : March 15,... Mar 15 2017
Job growth, construction deliveries driving Charlotte office market Mar 10 2017
Marcus & Millichap Capital Corp. and PGIM Real Estate Finance Enter Into Proprietary Preferred... Mar 10 2017
Edited Transcript of MMI earnings conference call or presentation 9-Mar-17 10:00pm GMT Mar 09 2017
Marcus & Millichap posts 4Q profit Mar 09 2017
Marcus & Millichap, Inc. Reports Results for Full-Year and Fourth Quarter 2016 Mar 09 2017
Metalo Manufacturing Inc. files December 31, 2016 Q2 Financial Statements and Management Discussion... Feb 27 2017
Marcus & Millichap, Inc. to Report Fourth Quarter 2016 Financial Results on Thursday, March 9, 2017 Feb 23 2017
$22.6 Million Tax Credit Apartment Community Sold by Marcus & Millichap Feb 22 2017
Marcus & Millichap, Inc. breached its 50 day moving average in a Bullish Manner : MMI-US : February... Feb 16 2017

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