Newmark Group (NMRK) is back in focus after releasing Q4 and full year 2025 results that showed higher revenue and net income year on year, alongside an upbeat management outlook for 2026.

The solid 2025 earnings and ongoing buyback activity are landing against a softer share price backdrop, with a 1 month share price return of 15.25% decline and a year to date share price return of 15.85% decline. At the same time, the 3 year total shareholder return of 101.57% signals that long term investors have still seen strong gains. This suggests recent weakness reflects a reassessment of risk and expectations rather than a complete shift in how the business is viewed.

If this earnings beat has you rethinking where growth could come from next in real assets and infrastructure, it might be worth scanning 23 power grid technology and infrastructure stocks as a starting point for other ideas.

With earnings moving up, buybacks ongoing, and the share price pulling back, investors are left with a simple question: Is Newmark still trading at a discount, or is the market already pricing in the next leg of growth?

Most Popular Narrative: 32% Undervalued

Newmark Group's most followed narrative points to a fair value of $21 per share versus the recent close of $14.28, framing a sizeable gap that hinges on long term growth and profitability assumptions.

Accelerated expansion in alternative asset classes such as data centers, supported by robust demand stemming from AI and digital infrastructure, is driving above-industry revenue growth and higher-margin capital markets activities, positioning Newmark for long-term top-line and earnings expansion.

Want to see what is behind that confidence? The narrative leans on faster revenue expansion, rising margins and a richer earnings multiple. The exact mix may surprise you.

Result: Fair Value of $21 (UNDERVALUED)

However, expanding into Europe and Asia, and leaning heavily on data center related deal flow, could backfire if integration drags or sector demand cools faster than expected.

Next Steps

If this mix of optimism and caution feels familiar, it is a good moment to look at the underlying data yourself and move quickly to your own view. To see how the balance of potential upsides and concerns currently stacks up, take a look at the 5 key rewards and 1 important warning sign.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.