Marcus & Millichap
Financial ratios & Valuation

Forward Multiples (2025 – 2025)

2025
Price/Earnings ratio
36.05
Price/Sales ratio
1.33
Earnings per Share (EPS)
$0.86

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
26.0817.0616.0724.6715.4019.0734.4514.4013.18-49.61-47.0819.07
Price/Sales ratio
2.251.641.441.761.641.822.051.581.052.612.361.64
Price/Book Value ratio
11.055.984.014.033.282.962.692.941.922.612.372.96
Price/Cash Flow ratio
18.0815.6913.9519.1011.4558.0438.748.02100.83-23.31-72.3858.04
Price/Free Cash Flow ratio
18.7517.3215.9821.1912.3089.0947.398.24700.10-20.64-52.1089.09
Price/Earnings Growth ratio
0.060.49-5.49-1.200.22-1.51-0.770.06-0.490.37-0.47-1.51
Dividend Yield
0.03%N/AN/AN/AN/AN/AN/AN/A4.39%1.19%1.31%N/A
Profitability Indicator Ratios
Gross Profit Margin
38.81%38.55%38.00%37.95%38.28%38.13%37.52%35.19%34.63%37.04%36.48%38.13%
Operating Profit Margin
14.78%16.63%14.84%13.35%13.78%11.95%7.47%14.60%10.55%-9.19%-8.97%11.95%
Pretax Profit Margin
14.50%16.45%14.92%13.78%14.38%13.33%8.28%14.91%10.91%-6.25%-5.81%13.33%
Net Profit Margin
8.65%9.62%9.01%7.15%10.70%9.53%5.97%10.98%8.00%-5.26%-5.00%9.53%
Effective Tax Rate
40.31%41.47%39.63%48.07%25.56%28.44%27.83%26.29%26.61%15.75%13.98%28.44%
Return on Assets
21.20%20.65%16.40%11.20%15.40%10.85%5.49%13.63%10.38%-3.87%-3.73%10.85%
Return On Equity
42.40%35.10%24.97%16.36%21.30%15.54%7.83%20.46%14.60%-5.27%-4.95%15.54%
Return on Capital Employed
50.84%46.56%33.71%25.53%23.71%15.87%8.13%23.10%16.13%-7.67%-7.75%15.87%
Liquidity Ratios
Current Ratio
2.652.612.993.843.994.023.56N/AN/AN/A3.144.02
Quick Ratio
2.342.512.883.733.913.923.462.603.413.693.133.92
Cash ratio
2.211.282.392.652.312.282.021.691.551.621.522.28
Days of Sales Outstanding
3.183.113.586.724.002.265.294.852.379.1324.404.00
Days of Inventory outstanding
22.036.506.647.895.737.8110.248.523.714.091.177.81
Operating Cycle
25.219.6210.2214.629.7310.0715.5313.376.0813.2325.579.73
Days of Payables Outstanding
9.477.477.797.527.167.8914.906.724.917.2811.657.16
Cash Conversion Cycle
15.732.142.437.092.572.180.626.641.175.9413.922.57
Debt Ratios
Debt Ratio
0.040.030.020.010.010.030.020.010.010.02N/A0.03
Debt Equity Ratio
0.090.050.030.020.010.040.030.020.020.02N/A0.04
Long-term Debt to Capitalization
0.080.040.030.020.01N/AN/AN/AN/AN/AN/AN/A
Total Debt to Capitalization
0.080.050.030.020.010.040.030.020.020.02N/A0.04
Interest Coverage Ratio
51.2466.4269.4764.2580.2069.4659.57N/AN/AN/A-67.5269.46
Cash Flow to Debt Ratio
6.206.797.707.6615.331.031.9813.480.80-3.95N/A1.03
Company Equity Multiplier
1.991.691.521.451.381.431.421.501.401.361.341.43
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.120.100.100.090.140.030.050.190.01-0.11-0.030.03
Free Cash Flow / Operating Cash Flow Ratio
0.960.900.870.900.930.650.810.970.141.121.390.93
Cash Flow Coverage Ratio
6.206.797.707.6615.331.031.9813.480.80-3.95N/A1.03
Short Term Coverage Ratio
79.9076.8075.5464.28107.921.031.9813.480.80-3.95N/A1.03
Dividend Payout Ratio
0.83%N/AN/AN/AN/AN/AN/AN/A57.91%-59.06%-64.70%N/A