Marcus & Millichap price to free cash flow MMI

Market value divided by free cash flow over the last twelve months, since 2014.

Today, Oct 23, 2026: 12.4×
10-year median: 16.4×
Against its 10-year history: 18th; percentile: 0 is its lowest day, 100 its highest
10-year range: 6.8× to 108×
Peer median: 13.5×

Marcus & Millichap's price to free cash flow is 12.4× as of Oct 23, 2026.

That is below its ten-year median of 16.4×, lower than on 82% of days in the last ten years.

Over that time it ranged from 6.8× in May 2022 to 108× in Feb 2025.

The median for 10 real Estate services stocks of a similar size is 13.5×.

Price to free cash flow over time

median 16.4×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	12.4×	12.4×	18.4×
2025	15.3×	15.2×	108×
2024	n/m a value too high to mean anything
2023	10.0×	10.0×	11.3×
2022	10.2×	6.8×	12.4×
2021	12.7×	11.1×	47.6×
2020	67.9×	27.1×	73.2×
2019	31.6×	13.5×	32.1×
2018	14.7×	14.0×	26.9×
2017	24.4×	13.9×	24.4×
2016	15.5×	10.2×	19.6×
2015	15.3×	13.6×	28.1×
2014	18.3×	16.4×	22.0×

Against its peers

Companies in Real Estate - Services nearest Marcus & Millichap's size, closest first, today.

Company	Price to free cash flow
MMIMarcus & Millichap	12.4×
FORForestar	4.7×
IIPRInnovative Industrial Properties	n/m
GOODGladstone Commercial	n/m
GTYGetty Realty	13.5×
NMRKNewmark	2.6×
UEUrban Edge Properties	39.2×
TRCTejon Ranch	15.1×
CWKCushman & Wakefield	11.1×
CURBCurbline Properties	31.6×
ALCOAlico	n/m
Peer median	13.5×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Marcus & Millichap

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.