Newmark Group Valuation

Is NMRK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NMRK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NMRK ($15.28) is trading below our estimate of fair value ($29.43)

Significantly Below Fair Value: NMRK is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for NMRK?

Key metric: As NMRK is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NMRK. This is calculated by dividing NMRK's market cap by their current earnings.
What is NMRK's PE Ratio?
PE Ratio49.9x
EarningsUS$52.37m
Market CapUS$3.73b

Price to Earnings Ratio vs Peers

How does NMRK's PE Ratio compare to its peers?

The above table shows the PE ratio for NMRK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average72.7x
CWK Cushman & Wakefield
37.6x24.8%US$3.3b
JLL Jones Lang LaSalle
26.1x17.7%US$12.5b
BEKE KE Holdings
40.5x20.3%US$23.3b
CSGP CoStar Group
186.5x42.5%US$32.7b
NMRK Newmark Group
49.9x31.6%US$3.7b

Price-To-Earnings vs Peers: NMRK is good value based on its Price-To-Earnings Ratio (49.9x) compared to the peer average (72.7x).


Price to Earnings Ratio vs Industry

How does NMRK's PE Ratio compare vs other companies in the US Real Estate Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
STHO Star Holdings
1.8xn/aUS$149.31m
STSR Strategic Student & Senior Housing Trust
2.5xn/aUS$41.23m
XIN Xinyuan Real Estate
0.4xn/aUS$18.08m
ILAL International Land Alliance
0.8xn/aUS$7.74m
NMRK 49.9xIndustry Avg. 32.7xNo. of Companies6PE020406080100+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NMRK is expensive based on its Price-To-Earnings Ratio (49.9x) compared to the US Real Estate industry average (32.7x).


Price to Earnings Ratio vs Fair Ratio

What is NMRK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NMRK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio49.9x
Fair PE Ratio32.5x

Price-To-Earnings vs Fair Ratio: NMRK is expensive based on its Price-To-Earnings Ratio (49.9x) compared to the estimated Fair Price-To-Earnings Ratio (32.5x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NMRK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$15.28
US$17.33
+13.4%
9.8%US$19.00US$15.00n/a3
Nov ’25US$14.63
US$17.50
+19.6%
6.2%US$19.00US$16.50n/a3
Oct ’25US$15.62
US$16.17
+3.5%
5.3%US$17.00US$15.00n/a3
Sep ’25US$13.83
US$13.83
+0.02%
6.1%US$15.00US$13.00n/a3
Jul ’25US$9.84
US$12.13
+23.2%
7.2%US$13.00US$11.25n/a2
Jun ’25US$10.41
US$12.13
+16.5%
7.2%US$13.00US$11.25n/a2
May ’25US$9.60
US$12.13
+26.3%
7.2%US$13.00US$11.25n/a2
Apr ’25US$10.87
US$12.13
+11.5%
7.2%US$13.00US$11.25n/a2
Mar ’25US$10.76
US$12.13
+12.7%
7.2%US$13.00US$11.25n/a2
Feb ’25US$10.38
US$12.00
+15.6%
8.3%US$13.00US$11.00n/a2
Jan ’25US$10.96
US$11.25
+2.6%
15.6%US$13.00US$9.50n/a2
Oct ’24US$6.43
US$7.50
+16.6%
5.4%US$8.00US$7.00US$15.623
Sep ’24US$7.23
US$7.50
+3.7%
5.4%US$8.00US$7.00US$13.833
Aug ’24US$6.95
US$7.33
+5.5%
8.5%US$8.00US$6.50US$12.743
Jul ’24US$6.22
US$7.17
+15.2%
8.7%US$8.00US$6.50US$9.843
Jun ’24US$5.77
US$6.75
+17.0%
13.4%US$8.00US$5.50US$10.414
May ’24US$6.35
US$8.31
+30.9%
16.7%US$10.00US$6.25US$9.604
Apr ’24US$7.08
US$9.25
+30.6%
4.7%US$10.00US$9.00US$10.874
Mar ’24US$8.01
US$9.25
+15.5%
4.7%US$10.00US$9.00US$10.764
Feb ’24US$8.55
US$9.00
+5.3%
7.9%US$10.00US$8.00US$10.384
Jan ’24US$7.97
US$9.75
+22.3%
19.7%US$13.00US$8.00US$10.964
Dec ’23US$8.70
US$10.25
+17.8%
16.0%US$13.00US$9.00US$8.414
Nov ’23US$8.20
US$10.81
+31.9%
11.7%US$13.00US$10.00US$6.514

Analyst Forecast: Target price is less than 20% higher than the current share price.


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