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Marcus & MillichapFRA:M6M +1.50%81 Return-on-Tangible-Asset is 2.18% as of Jun. 2026, which is 81% below its 10-year median of 11.40. GuruFocus rates FRA:M6M with a GF Score™ of 81/100 and a GF Value™ of €31.65. The stock has 7 warning signs investors should review. Among 1,799 Real Estate companies, Marcus & Millichap ranks better than 50.58% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Marcus & Millichap's annualizedNet Income for the quarter that ended in Jun. 2026 was €13.6 Mil. Marcus & Millichap's average total tangible assets for the quarter that ended in Jun. 2026 was €623.4 Mil. Therefore, Marcus & Millichap's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 2.18%.
The historical rank and industry rank for Marcus & Millichap's Return-on-Tangible-Asset or its related term are showing as below:
FRA:M6M'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.83 Med: 11.4 Max: 18.08
Current: 1.92
During the past 13 years, Marcus & Millichap's highest Return-on-Tangible-Asset was 18.08%. The lowest was -3.83%. And the median was 11.40%.
FRA:M6M's Return-on-Tangible-Asset is ranked better than 50.58% of 1799
companies
in the Real Estate industry
Industry Median: 1.89
vs FRA:M6M: 1.92
Marcus & Millichap (FRA:M6M) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Marcus & Millichap Return-on-Tangible-Asset Related Terms
Marcus & Millichap Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Marcus & Millichap's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:M6M vs HBNB, AGNT, FRPH: Return-on-Tangible-Asset Comparison
For the Real Estate Services subindustry, Marcus & Millichap's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Marcus & Millichap's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Marcus & Millichap's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 2.18% mean?
Marcus & Millichap (FRA:M6M) has a Return-on-Tangible-Asset of 2.18% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Marcus & Millichap and its competitors. This is 81% below median its historical median of 11.40. According to the industry distribution chart, Marcus & Millichap ranks #889 out of 1799 companies in the Real Estate industry, placing it in the top 49.4%.
Is Marcus & Millichap's Return-on-Tangible-Asset too high?
Marcus & Millichap's current Return-on-Tangible-Asset of 2.18% is 81% below median its 10-year median of 11.40. The Real Estate industry median Return-on-Tangible-Asset is 1.89. Marcus & Millichap's value of 2.18% is 15.3% above this industry median. Based on the distribution chart, Marcus & Millichap ranks #889 out of 1799 companies in the Real Estate industry, which is above the industry midpoint. Overall, Marcus & Millichap has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Marcus & Millichap's Return-on-Tangible-Asset compare to HBNB and AGNT?
According to the Real Estate industry distribution chart, Marcus & Millichap ranks #889 out of 1799 companies for Return-on-Tangible-Asset. This puts Marcus & Millichap in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.89. Marcus & Millichap's value of 2.18% is 15.3% above this benchmark. While the company's 10-year median is 11.40 vs. the industry median of 1.89, Marcus & Millichap has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Real Estate company?
The median Return-on-Tangible-Asset among Real Estate companies is 1.89, based on 1,799 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Marcus & Millichap's current Return-on-Tangible-Asset of 2.18% is 15.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Marcus & Millichap and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marcus & Millichap's current Return-on-Tangible-Asset is 2.18%, which is 81% below median its own 10-year median of 11.40. 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?
Marcus & Millichap (FRA:M6M) has a current Return-on-Tangible-Asset of 2.18%. The stock's GF Value™ is €31.65, compared to a current price of €27.00 — trading 14.7% below its estimated fair value. The current Return-on-Tangible-Asset is 2.18%, which is 81% below median its 10-year median of 11.40 and 15.3% above the Real Estate industry median of 1.89. Marcus & Millichap's overall GF Score™ is 81/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Marcus & Millichap (FRA:M6M), the current Return-on-Tangible-Asset is 2.18% as of Jun. 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 €27.00 is trading 14.7% below its estimated GF Value™ of €31.65.
Key valuation signals for FRA:M6M:
Return-on-Tangible-Asset: 2.18% (81% below median its 10-year median of 11.40)
GF Value™: €31.65 vs. price of €27.00 (14.7% below fair value)
Industry Position: 15.3% above the Real Estate median (#889 of 1799)
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 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.
81GF Score
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