Marcus & Millichap, Inc. (MMI) P/E Ratio History
Historical price-to-earnings valuation from 2013 to 2023
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MMI Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Marcus & Millichap, Inc. (MMI) trades at a price-to-earnings ratio of -585.1x, with a stock price of $28.67 and trailing twelve-month earnings per share of $-0.05.
The current P/E is 2776% below its 5-year average of 21.9x. Over the past five years, MMI's P/E has ranged from a low of 8.4x to a high of 90.0x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Real Estate sector median P/E of 24.1x, MMI trades at a 2524% discount to its sector peers. The sector includes 170 companies with P/E ratios ranging from 1.1x to 165.1x.
Relative to the broader market, MMI trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our MMI DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
MMI P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $15B | 19.4 | 1.19 | +45% | |
| $42B | 37.0 | 3.18 | +23% | |
| $3B | 38.2 | - | -32% | |
| $4B | 35.8 | 1.18Best | +24% | |
| $3B | 24.0 | 2.04 | +100% | |
| $293M | 18.9 | - | -25% | |
| $176M | 11.7Lowest | - | +119%Best | |
| $15B | 2102.4 | - | -95% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
MMI Historical P/E Data (2013–2023)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $31.51 | $0.35 | 90.0x | +265% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $32.11 | $1.63 | 19.7x | -20% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $34.45 | $2.59 | 13.3x | -46% |
| FY2022 Q3 | Fri Sep 30 2022 00:00:00 GM | $32.78 | $3.92 | 8.4x | -66% |
| FY2022 Q2 | $36.99 | $4.23 | 8.7x | -65% | |
| FY2022 Q1 | $52.68 | $3.96 | 13.3x | -46% | |
| FY2021 Q4 | Fri Dec 31 2021 00:00:00 GM | $51.46 | $3.52 | 14.6x | -41% |
| FY2021 Q3 | $40.62 | $2.58 | 15.7x | -36% | |
| FY2021 Q2 | Wed Jun 30 2021 00:00:00 GM | $38.87 | $1.89 | 20.6x | -17% |
| FY2021 Q1 | Wed Mar 31 2021 00:00:00 GM | $33.70 | $1.11 | 30.3x | +23% |
| FY2020 Q4 | $37.23 | $1.07 | 34.7x | +41% | |
| FY2020 Q3 | Wed Sep 30 2020 00:00:00 GM | $27.52 | $1.00 | 27.4x | +11% |
Average P/E for displayed period: 24.7x
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Start ComparisonMMI — Frequently Asked Questions
Quick answers to the most common questions about buying MMI stock.
Is MMI stock overvalued or undervalued?
MMI trades at -585.1x P/E, below its 5-year average of 21.9x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does MMI's valuation compare to peers?
Marcus & Millichap, Inc. P/E of -585.1x compares to sector median of 24.1x. The discount suggests lower growth expectations or higher risk.
What is MMI's PEG ratio?
MMI PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2013-2023.