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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 17.61
NYSE:MMI's Cash to Debt is ranked higher than
83% of the 1602 Companies
in the Global Real Estate Services industry.

( Industry Median: 0.30 vs. NYSE:MMI: 17.61 )
Ranked among companies with meaningful Cash to Debt only.
NYSE:MMI' s Cash to Debt Range Over the Past 10 Years
Min: 6.74  Med: 16.59 Max: No Debt
Current: 17.61
Equity to Asset 0.67
NYSE:MMI's Equity to Asset is ranked higher than
77% of the 1539 Companies
in the Global Real Estate Services industry.

( Industry Median: 0.45 vs. NYSE:MMI: 0.67 )
Ranked among companies with meaningful Equity to Asset only.
NYSE:MMI' s Equity to Asset Range Over the Past 10 Years
Min: 0.06  Med: 0.5 Max: 0.69
Current: 0.67
0.06
0.69
Interest Coverage 73.45
NYSE:MMI's Interest Coverage is ranked higher than
67% of the 1429 Companies
in the Global Real Estate Services industry.

( Industry Median: 11.55 vs. NYSE:MMI: 73.45 )
Ranked among companies with meaningful Interest Coverage only.
NYSE:MMI' s Interest Coverage Range Over the Past 10 Years
Min: 51.25  Med: 5101.36 Max: 12252
Current: 73.45
51.25
12252
F-Score: 5
Z-Score: 8.93
M-Score: -2.12
WACC vs ROIC
14.43%
133.06%
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 : 5/10

vs
industry
vs
history
Operating margin (%) 15.38
NYSE:MMI's Operating margin (%) is ranked lower than
54% of the 1558 Companies
in the Global Real Estate Services industry.

( Industry Median: 17.52 vs. NYSE:MMI: 15.38 )
Ranked among companies with meaningful Operating margin (%) only.
NYSE:MMI' s Operating margin (%) Range Over the Past 10 Years
Min: 4.88  Med: 10.63 Max: 16.64
Current: 15.38
4.88
16.64
Net-margin (%) 9.22
NYSE:MMI's Net-margin (%) is ranked lower than
55% of the 1573 Companies
in the Global Real Estate Services industry.

( Industry Median: 11.95 vs. NYSE:MMI: 9.22 )
Ranked among companies with meaningful Net-margin (%) only.
NYSE:MMI' s Net-margin (%) Range Over the Past 10 Years
Min: 1.88  Med: 6.07 Max: 9.63
Current: 9.22
1.88
9.63
ROE (%) 32.69
NYSE:MMI's ROE (%) is ranked higher than
95% of the 1589 Companies
in the Global Real Estate Services industry.

( Industry Median: 6.41 vs. NYSE:MMI: 32.69 )
Ranked among companies with meaningful ROE (%) only.
NYSE:MMI' s ROE (%) Range Over the Past 10 Years
Min: 21.99  Med: 55.25 Max: 133.7
Current: 32.69
21.99
133.7
ROA (%) 21.17
NYSE:MMI's ROA (%) is ranked higher than
98% of the 1632 Companies
in the Global Real Estate Services industry.

( Industry Median: 2.61 vs. NYSE:MMI: 21.17 )
Ranked among companies with meaningful ROA (%) only.
NYSE:MMI' s ROA (%) Range Over the Past 10 Years
Min: 6.38  Med: 24.71 Max: 41.84
Current: 21.17
6.38
41.84
ROC (Joel Greenblatt) (%) 899.71
NYSE:MMI's ROC (Joel Greenblatt) (%) is ranked higher than
91% of the 1580 Companies
in the Global Real Estate Services industry.

( Industry Median: 14.93 vs. NYSE:MMI: 899.71 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
NYSE:MMI' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: 289.17  Med: 885.43 Max: 1194.42
Current: 899.71
289.17
1194.42
GuruFocus has detected 1 Warning Sign with Marcus & Millichap Inc $NYSE:MMI.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» NYSE:MMI's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q4 2015

MMI Guru Trades in Q4 2015

Jim Simons 31,647 sh (New)
Murray Stahl 20,458 sh (New)
Chuck Royce 706,320 sh (+1180.96%)
Joel Greenblatt 11,772 sh (+116.32%)
Ken Heebner Sold Out
Paul Tudor Jones 24,016 sh (-17.41%)
» More
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
» Details

Insider Trades

Latest Guru Trades with MMI

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Real Estate Services » Real Estate Services    NAICS: 531210    SIC: 6531
Compare:NYSE:RMAX, NYSE:HF, NAS:IRCP, NAS:RMR, NYSE:LEJU, NAS:CIGI, OTCPK:CYWDF, NAS:FRPH, NAS:LMRK, NYSE:BBX, OTCPK:MRCBF, OTCPK:FXTGY, OTCPK:MHIVF, OTCPK:LSLPF, OTCPK:CWRIF, OTCPK:EXPI, NAS:GRIF, NAS:FSV, OTCBB:PGCG, OTCPK:BREUF » details
Traded in other countries:M6M.Germany,
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
P/E(ttm) 14.62
MMI's P/E(ttm) is ranked lower than
58% of the 1261 Companies
in the Global Real Estate Services industry.

( Industry Median: 12.47 vs. MMI: 14.62 )
Ranked among companies with meaningful P/E(ttm) only.
MMI' s P/E(ttm) Range Over the Past 10 Years
Min: 11.46  Med: 25.2 Max: 104.55
Current: 14.62
11.46
104.55
PE(NRI) 14.62
MMI's PE(NRI) is ranked lower than
58% of the 1260 Companies
in the Global Real Estate Services industry.

( Industry Median: 12.50 vs. MMI: 14.62 )
Ranked among companies with meaningful PE(NRI) only.
MMI' s PE(NRI) Range Over the Past 10 Years
Min: 11.46  Med: 25.2 Max: 104.55
Current: 14.62
11.46
104.55
P/B 3.90
MMI's P/B is ranked lower than
90% of the 1570 Companies
in the Global Real Estate Services industry.

( Industry Median: 1.03 vs. MMI: 3.90 )
Ranked among companies with meaningful P/B only.
MMI' s P/B Range Over the Past 10 Years
Min: 3.63  Med: 9.26 Max: 13.13
Current: 3.9
3.63
13.13
P/S 1.33
MMI's P/S is ranked higher than
71% of the 1518 Companies
in the Global Real Estate Services industry.

( Industry Median: 2.77 vs. MMI: 1.33 )
Ranked among companies with meaningful P/S only.
MMI' s P/S Range Over the Past 10 Years
Min: 1.1  Med: 1.92 Max: 3.11
Current: 1.33
1.1
3.11
PFCF 15.16
MMI's PFCF is ranked lower than
54% of the 508 Companies
in the Global Real Estate Services industry.

( Industry Median: 14.11 vs. MMI: 15.16 )
Ranked among companies with meaningful PFCF only.
MMI' s PFCF Range Over the Past 10 Years
Min: 10.41  Med: 18.07 Max: 27.02
Current: 15.16
10.41
27.02
POCF 13.13
MMI's POCF is ranked lower than
53% of the 738 Companies
in the Global Real Estate Services industry.

( Industry Median: 12.19 vs. MMI: 13.13 )
Ranked among companies with meaningful POCF only.
MMI' s POCF Range Over the Past 10 Years
Min: 9.94  Med: 16.64 Max: 25.9
Current: 13.13
9.94
25.9
EV-to-EBIT 6.87
MMI's EV-to-EBIT is ranked higher than
81% of the 1277 Companies
in the Global Real Estate Services industry.

( Industry Median: 13.13 vs. MMI: 6.87 )
Ranked among companies with meaningful EV-to-EBIT only.
MMI' s EV-to-EBIT Range Over the Past 10 Years
Min: 5.2  Med: 14.45 Max: 27.9
Current: 6.87
5.2
27.9
EV-to-EBITDA 6.64
MMI's EV-to-EBITDA is ranked higher than
81% of the 1312 Companies
in the Global Real Estate Services industry.

( Industry Median: 12.53 vs. MMI: 6.64 )
Ranked among companies with meaningful EV-to-EBITDA only.
MMI' s EV-to-EBITDA Range Over the Past 10 Years
Min: 5  Med: 13.9 Max: 25.8
Current: 6.64
5
25.8
Current Ratio 2.86
MMI's Current Ratio is ranked higher than
71% of the 1606 Companies
in the Global Real Estate Services industry.

( Industry Median: 1.82 vs. MMI: 2.86 )
Ranked among companies with meaningful Current Ratio only.
MMI' s Current Ratio Range Over the Past 10 Years
Min: 0.23  Med: 2.83 Max: 4.2
Current: 2.86
0.23
4.2
Quick Ratio 2.86
MMI's Quick Ratio is ranked higher than
80% of the 1606 Companies
in the Global Real Estate Services industry.

( Industry Median: 1.13 vs. MMI: 2.86 )
Ranked among companies with meaningful Quick Ratio only.
MMI' s Quick Ratio Range Over the Past 10 Years
Min: 0.23  Med: 2.83 Max: 4.2
Current: 2.86
0.23
4.2
Days Sales Outstanding 2.46
MMI's Days Sales Outstanding is ranked higher than
88% of the 1034 Companies
in the Global Real Estate Services industry.

( Industry Median: 26.15 vs. MMI: 2.46 )
Ranked among companies with meaningful Days Sales Outstanding only.
MMI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 1.77  Med: 2.71 Max: 5.45
Current: 2.46
1.77
5.45

Buy Back

vs
industry
vs
history

Valuation & Return

vs
industry
vs
history
Price/Net Cash 18.09
MMI's Price/Net Cash is ranked lower than
74% of the 156 Companies
in the Global Real Estate Services industry.

( Industry Median: 6.35 vs. MMI: 18.09 )
Ranked among companies with meaningful Price/Net Cash only.
MMI' s Price/Net Cash Range Over the Past 10 Years
Min: 13.74  Med: 35.36 Max: 89.2
Current: 18.09
13.74
89.2
Price/Net Current Asset Value 13.97
MMI's Price/Net Current Asset Value is ranked lower than
86% of the 722 Companies
in the Global Real Estate Services industry.

( Industry Median: 2.73 vs. MMI: 13.97 )
Ranked among companies with meaningful Price/Net Current Asset Value only.
MMI' s Price/Net Current Asset Value Range Over the Past 10 Years
Min: 11.34  Med: 22.75 Max: 36.34
Current: 13.97
11.34
36.34
Price/Tangible Book 3.91
MMI's Price/Tangible Book is ranked lower than
89% of the 1540 Companies
in the Global Real Estate Services industry.

( Industry Median: 1.05 vs. MMI: 3.91 )
Ranked among companies with meaningful Price/Tangible Book only.
MMI' s Price/Tangible Book Range Over the Past 10 Years
Min: 3.88  Med: 9.67 Max: 11.21
Current: 3.91
3.88
11.21
Price/Median PS Value 0.70
MMI's Price/Median PS Value is ranked higher than
78% of the 1183 Companies
in the Global Real Estate Services industry.

( Industry Median: 1.03 vs. MMI: 0.70 )
Ranked among companies with meaningful Price/Median PS Value only.
MMI' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.7  Med: 1.05 Max: 1.46
Current: 0.7
0.7
1.46
Price/Graham Number 1.59
MMI's Price/Graham Number is ranked lower than
80% of the 1139 Companies
in the Global Real Estate Services industry.

( Industry Median: 0.77 vs. MMI: 1.59 )
Ranked among companies with meaningful Price/Graham Number only.
MMI' s Price/Graham Number Range Over the Past 10 Years
Min: 1.58  Med: 3.49 Max: 6.56
Current: 1.59
1.58
6.56
Earnings Yield (Greenblatt) (%) 14.62
MMI's Earnings Yield (Greenblatt) (%) is ranked higher than
85% of the 1565 Companies
in the Global Real Estate Services industry.

( Industry Median: 5.80 vs. MMI: 14.62 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
MMI' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 3.6  Med: 6.95 Max: 19.4
Current: 14.62
3.6
19.4

More Statistics

Revenue (TTM) (Mil) $731.4
EPS (TTM) $ 1.72
Beta1.61
Short Percentage of Float7.55%
52-Week Range $18.77 - 30.31
Shares Outstanding (Mil)37.62
» More Articles for 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 

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