Marcus & Millichap, Inc.
—- Market cap
- $1.21B
- Debt
- +$163.82M
- Cash
- —
Complete market value, debt and cash evidence is required for enterprise value.
Capital structure 88% equity / 12% debt
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: MMI stock price at discount vs ALGN $31.89 current versus $55.69 implied using P/S multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at ALGN's multiple
Implied fair value · at MMI's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple discount
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: MMI FY 2025 (ended Dec 31, 2025) · ALGN FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Complete market value, debt and cash evidence is required for enterprise value.
Capital structure 88% equity / 12% debt
Capital structure 85% equity / 15% debt · EV / Revenue 3.00x · EV / EBITDA 14.04x
ALGN carries the larger enterprise value at $12.11B against $1.37B; MMI trades on the lower EV / Revenue multiple (1.82x vs 3.00x); ALGN on the lower EV / EBITDA (14.04x vs 87.93x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
MARCUS & MILLICHAP, INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
ALIGN TECHNOLOGY, INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.27x
0.48x
Net debt / EBITDA
Leverage against operating earnings
—
0.98x
Cash and equivalents
Liquid reserves on the balance sheet
—
$1.09B
Total debt
Interest-bearing obligations outstanding
$163.82M
$1.94B
Comparable set
Where the pair sits against the wider comparable set.
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