What is Marcus & Millichap's price / book?

Marcus & Millichap (MMI) reported price / book of 1.8× in Q1 2026.

How has Marcus & Millichap's price / book changed year-over-year?

Marcus & Millichap's price / book decreased by 18.7% year-over-year, from 2.2× to 1.8×.

What is the long-term trend for Marcus & Millichap's price / book?

Over 5 years (2020 to 2025), Marcus & Millichap's price / book has grown at a -8.2% compound annual growth rate (CAGR), from 2.7× to 1.8×.

What does price / book mean?

Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

Marcus & Millichap MMI Price / book

Price / book at other companies

Jones Lang LaSalleJLL

2×+0.2×

CBRE GroupCBRE

4.7×0.0×

Walker & DunlopWD

0.9×-0.8×

Cushman & Wakefield CWK

1.5×+0.1×

Ladder CapitalLADR

0.9×-0.1×

Chimera Investment Corp.CIM

0.4×0.0×

Other financials

Income statement

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Revenue$171.5M+18.2%

Operating income-$5.8M+67.4%

Net income-$3.1M+29.9%

EPS (diluted)-$0.08+27.3%

Balance sheet

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Cash & equivalents$136.5M-8.8%

Total debt$75.0M-10.6%

Total equity$569.1M-7.9%

Total assets$755.0M-5.9%

Cash flow

See full

Operating cash flow-$27.6M+47.8%

CapEx$3.0M+99.5%

Free cash flow-$30.5M+43.8%

Valuation

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Market cap$1.12B-6.3%

Enterprise value$1.06B-6.3%

P/S1.4×-0.2×

Profitability

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Gross margin38.1%—

Operating margin-9.1%+59.1pp

Net margin-5%-19.8pp

FCF margin10.6%+8.7pp

Returns & leverage

See full

Return on equity-4.9%-44.5pp

Debt / equity0.1×0.0×

Current ratio2.6×-1.1×

Where this comes from

Calculated from Marcus & Millichap’s reported figures.

market cap/total stockholders equity=1.8×

Based on the most recent quarter.

The official record: Marcus & Millichap’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Marcus & Millichap's price / book?: Marcus & Millichap (MMI) reported price / book of 1.8× in Q1 2026.
How has Marcus & Millichap's price / book changed year-over-year?: Marcus & Millichap's price / book decreased by 18.7% year-over-year, from 2.2× to 1.8×.
What is the long-term trend for Marcus & Millichap's price / book?: Over 5 years (2020 to 2025), Marcus & Millichap's price / book has grown at a -8.2% compound annual growth rate (CAGR), from 2.7× to 1.8×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.