Marcus & Millichap (FRA:M6M) Moat Score: 4/10 (As of Jul. 22, 2026)

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FRA:M6M Marcus & Millichap Inc FRA:M6M
80 GF Score
Price €26.80
GF Value €31.58
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Marcus & Millichap Moat Score?

Marcus & Millichap FRA:M6M 80 Moat Score is 4 as of Jul. 22, 2026. GuruFocus rates FRA:M6M with a GF Score™ of 80/100 and a GF Value™ of €31.58 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,871 Real Estate companies, Marcus & Millichap ranks better than 96.21% on this metric.

Marcus & Millichap has the Moat Score of 4, which implies that the company might have Narrow Moat - Discernible but modest moat.

Marcus & Millichap has Narrow Moat: Marcus & Millichap Inc has a discernible but modest moat due to its established brand and network effects in the real estate brokerage industry. However, it lacks significant regulatory barriers, intellectual property, and durable cost advantages to strengthen its moat further.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Marcus & Millichap might have Narrow Moat - Discernible but modest moat.

Marcus & Millichap  (FRA:M6M) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Marcus & Millichap Moat Score Related Terms

FRA:M6M vs HBNB, AGNT, KW: Moat Score Comparison

For the Real Estate Services subindustry, Marcus & Millichap's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Marcus & Millichap Moat Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Marcus & Millichap's Moat Score distribution charts can be found below:

* The bar in red indicates where Marcus & Millichap's Moat Score falls into.


FRA:M6M
80GF Score
Marcus & Millichap Inc FRA:M6M
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 4 mean?
Marcus & Millichap (FRA:M6M) has a Moat Score of 4 as of Jul. 22, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Marcus & Millichap ranks #71 out of 1871 companies in the Real Estate industry, placing it in the top 3.8%.
Is Marcus & Millichap's Moat Score too high?
Marcus & Millichap's current Moat Score is 4. Based on the distribution chart, Marcus & Millichap ranks #71 out of 1871 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Marcus & Millichap has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Marcus & Millichap's Moat Score compare to HBNB and AGNT?
According to the Real Estate industry distribution chart, Marcus & Millichap ranks #71 out of 1871 companies for Moat Score. This places Marcus & Millichap in the top 4% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Real Estate company?
A good Moat Score depends on the Real Estate industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Marcus & Millichap's current Moat Score is 4. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marcus & Millichap stock overvalued right now?
Based on GuruFocus' analysis, Marcus & Millichap (FRA:M6M) is currently considered Modestly Undervalued. The stock's GF Value™ is €31.58, compared to a current price of €26.80 — trading 15.1% below its estimated fair value. The current Moat Score is 4. Marcus & Millichap's overall GF Score™ is 80/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Marcus & Millichap (FRA:M6M), the current Moat Score is 4 as of Jul. 22, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Marcus & Millichap (FRA:M6M) Overvalued in 2026?

Based on GuruFocus' analysis, Marcus & Millichap stock appears to be undervalued. The current stock price of €26.80 is trading 15.1% below its estimated GF Value™ of €31.58. GuruFocus considers Marcus & Millichap to be Modestly Undervalued.

Key valuation signals for FRA:M6M:

  • Moat Score: 4
  • GF Value™: €31.58 vs. price of €26.80 (15.1% below fair value)
  • GF Score™: 80/100 with 5 warning signs

No single metric tells the full story. See the FRA:M6M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Marcus & Millichap Business Description

Other Exchanges MMI:USA
Address 23975 Park Sorrento, Suite 400, Calabasas, CA, USA, 91302
Marcus & Millichap Inc is a national brokerage firm 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. The company generates revenues by collecting fees on the sale and financing of commercial properties. These fees consist of commissions collected upon the sale of a property and fees collected from the placement of loans. The Company has one reportable segment: commercial real estate services. The commercial real estate services segment is the aggregation of our two operating segments: investment sales and financing services.
80GF Score

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€26.80
Price
€31.58
GF Value