Marcus & Millichap, Inc.
2.15xPrice / tangible book
Market cap
$1.21B
Tangible equity
$561.44M
Price / tangible book
2.15x
Price / book
2.00x
Return on equity
-0.3%
Return on assets
-0.2%
Efficiency ratio
—
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 MA $31.89 current versus $146.08 implied using P/B multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at MA's multiple
Implied fair value · at MMI's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Filter, sort, and scan the equity metrics that matter most for banks: book value, tangible book, returns, and operating efficiency.
Multiple discount
Multiple premium
Profitability lag
Asset efficiency lag
Lower is better
Statements
Bank-focused income statement and equity metrics aligned to the reporting windows.
SEC periods: MMI FY 2025 (ended Dec 31, 2025) · MA FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Tangible book and profitability anchor a bank, not enterprise value.
Deposits and cash-like balances distort enterprise value for banks, so this section reads equity value, tangible book and profitability instead.
Price / tangible book
Market cap
$1.21B
Tangible equity
$561.44M
Price / tangible book
2.15x
Price / book
2.00x
Return on equity
-0.3%
Return on assets
-0.2%
Efficiency ratio
—
Price / tangible book
Market cap
$70.97B
Tangible equity
-$7.38B
Price / tangible book
N/M
Price / book
9.17x
Return on equity
193.5%
Return on assets
27.6%
Efficiency ratio
—
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.
Mastercard Incorporated · implied price per share
Bank model off — standard DCF modelling is disabled for financial institutions.
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
2.46x
Net debt / EBITDA
Leverage against operating earnings
—
0.43x
Cash and equivalents
Liquid reserves on the balance sheet
—
$10.57B
Total debt
Interest-bearing obligations outstanding
$163.82M
$19.00B
Comparable set
Where the pair sits against the wider banking comparable set.
Keep comparing
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