AlphaMadera's AlphaVal page computes Marcus & Millichap, Inc.'s fair value using a multi-method blend (DCF, comparable-multiples, and Graham-style intrinsic value), then compares it to the current market price to flag MMI as undervalued, fairly valued, or overvalued.

What is Marcus & Millichap, Inc.'s fair value?

Fair value for MMI is a model output combining discounted cash flow projections, peer-group multiples, and a Graham number floor. The live AlphaVal page shows the blended fair value alongside each method's individual estimate.

How does AlphaMadera value MMI?

AlphaVal uses three primary techniques: a five-year discounted-cash-flow projection with terminal multiple, peer-group multiple analysis (P/E, EV/EBITDA, P/S), and Graham's defensive-investor intrinsic-value formula. Inputs come from MMI's most recent reported fundamentals.

MMI - Marcus & Millichap, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS | PRICE TARGET: $26.00 DETAILS

AlphaVal

Deterministic, archetype-aware fair value

Distressed or Transitioning 60% confidence

Primary model: Current FCF × Depressed Multiple

Valuation Signal Overvalued Strong

Trading 106.9% above fair value

Current Price $28.83

Bear Case $10.82 62.5% downside ($10.82 - $28.83) / $28.83 = -62.5% FCF continues to decline, 4x multiple

Fair Value $13.93 51.7% downside ($13.93 - $28.83) / $28.83 = -51.7% Current FCF stabilizes, 6x multiple

Bull Case $17.04 40.9% downside ($17.04 - $28.83) / $28.83 = -40.9% Credible recovery, multiple re-rates to 8x

Adjust Assumptions

FCF Multiple

6.0x

Key Value Driver

Whether the core business model is intact or structurally impaired

Implied Market Multiple 15.6x

Plain-Language Summary

Stock is 14% below 52-week high. Using current FCF at a 6x depressed multiple, base-case value is $13.93. Wide scenario range: $10.82–$17.04.

Warnings

⚠ Don't assume past cash flow levels will return — the company's troubles may have permanently reduced its ability to generate profits.

⚠ A stock can look cheap on paper and still lose half its value if the underlying business is permanently damaged.

ℹ The wide range between our best and worst cases is intentional — pretending to know a precise value for a troubled company would be misleading.

Key Risks

Bullish DCF projections are fundamentally unknowable for distressed companies
M&A speculation can floor the stock above intrinsic value temporarily
Management credibility is a key input — new CEO expands the bull case