Martin Marietta Materials Inc (MLM) Fair Value & Analysis
Basic Materials · US · Market cap $33.8B · ISIN US5732841060
What is Martin Marietta Materials Inc really worth?
A solid business, but trading 136% above our fair value of $215.31.
Strengths
Risks
For context
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 22 days ago
Fair value updated Aug 13, 2026, revised from $220.56 to $215.31 (−2.4%) since Jul 20, 2026. Share price −8.4% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case ($352.88). The favourable scenario is already priced in.
- Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range ($149.62 to $352.88) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range $288.93 – $706.23 · fair‑value band $149.62 – $352.88 · the $508.94 price screens above the $215.31 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Martin Marietta Materials Inc (MLM) currently trades at $508.94, while our model-based Fair Value estimate is $215.31, implying the stock looks roughly 136.4% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of $298.88 per share, and 0 of the 26 models we run sit above the $508.94 price. Bear case: the Dividend Discount group reads lowest at $51.16, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Martin Marietta Materials Inc generated revenue of $6.4B at a net margin of 39.9%. Revenue grew 17.2% year over year. It earns a return on equity of 9.5%. Net debt stands at $5.3B. Fundamentals as of Aug 13, 2026
Our scenario range runs from $149.62 (bear case) to $352.88 (bull case); at $508.94, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 28% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −56% fair-value upside, at −58%, MLM screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $8.63 per share, which is 4.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: Growth Earnings ($298.88) versus Dividend Discount ($51.16). Highest evidence: FCF DCF (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 31
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Martin Marietta Materials, Inc., a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It operates through East Group and West Group segments.
Full company description
Martin Marietta Materials, Inc., a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It operates through East Group and West Group segments. The company offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; and paving products and services for use in the infrastructure projects, and nonresidential and residential construction projects, as well as in the railroad, agricultural, utility, and environmental industries. It also produces magnesia-based chemicals products, and dolomitic lime primarily to customers for steel production and soil stabilization. Its chemical products are used in flame retardants, wastewater treatment, pulp and paper production, and other applications. The company was founded in 1939 and is based in Raleigh, North Carolina.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Martin Marietta Materials Inc reported revenue of $6.5B in FY2025 versus $5.4B in FY2021, a compound +4.9%/yr. Reported net income was $1.1B in FY2025, compounding +12.8%/yr from FY2021.
of which total revenue +7.5 % · buybacks/dilution +0.2 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
MLM screens 136% overvalued. Compare with CRH plc →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Martin Marietta Materials (MLM) Stock Pulls Back on Expectations, Fundamentals Intact
- Martin Marietta Materials (MLM) Could Be 20% Below Fair Value Following Lhoist Deal Closure
- Do Wall Street Analysts Like Martin Marietta Materials Stock?
- Martin Marietta Completes Combination With Lhoist North America
Peer Group
Building Materials · 257 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Building Materials median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Building Materials stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| CRH plc CRH | $96.05 | $69.69 | −27% |
| Holcim AG HOLN | CHF 71.04 | CHF 20.00 | −72% |
| Vulcan Materials Company VMC | $259.69 | $114.48 | −56% |
| UltraTech Cement Limited ULTRACEMCO | ₹11,891 | ₹4,718 | −60% |
| Heidelberg Materials AG HEI | €170.05 | €167.96 | −1% |
| China Jushi Co 600176 | ¥40.56 | ¥13.22 | −67% |
| Amrize AG AMRZ | CHF 37.65 | CHF 29.67 | −21% |
| Grasim Industries Limited GRASIM | ₹3,293 | ₹1,245 | −62% |
| CEMEX, S.A. CX | $11.24 | $11.31 | +1% |
| James Hardie Industries plc JHX | A$41.54 | A$9.80 | −76% |
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