NCSOFT Corp
KRX:036570

Watchlist Manager
NCSOFT Corp Logo
NCSOFT Corp
KRX:036570
Watchlist
Price: 163 600 KRW 0.12% Market Closed
Market Cap: 3.6T KRW
Have any thoughts about
NCSOFT Corp?
Write Note
Section:
 

Relative Value

The Relative Value of one NCSOFT Corp stock under the Base Case scenario is 201 217.1 KRW. Compared to the current market price of 163 600 KRW, NCSOFT Corp is Undervalued by 19%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

Relative Value
Base Case
201 217.1 KRW
Undervaluation 19%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

2.2
P/S
P/S
Price to Sales
2.2
vs History
93
vs Industry
32
Median 3Y
3
Median 5Y
3.7
Industry
1.4
Forward
2.2
More Details
28.4
P/E
P/E
Price to Earnings
28.4
vs History
47
vs Industry
19
Median 3Y
21.9
Median 5Y
29.2
Industry
17.9
Forward
63.8
More Details
30.7
P/OCF
P/OCF
Price to OCF
30.7
vs History
26
vs Industry
15
Median 3Y
24.4
Median 5Y
28.2
Industry
11.2
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
33
Median 3Y
13.6
Median 5Y
30.8
Industry
15.9
More Details
1.2
P/B
P/B
Price to Book Value
1.2
vs History
93
vs Industry
51
Median 3Y
2
Median 5Y
3
Industry
1.7
More Details
1.5
EV/S
EV/S
Enterprise Value to Sales
1.5
vs History
85
vs Industry
43
Median 3Y
2.2
Median 5Y
2.9
Industry
1.5
Forward
1.5
More Details
1.5
EV/GP
EV/GP
Enterprise Value to Gross Profit
1.5
vs History
85
vs Industry
62
Median 3Y
2.2
Median 5Y
2.9
Industry
3.2
More Details
18.4
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
18.4
vs History
41
vs Industry
23
Median 3Y
12.4
Median 5Y
17.1
Industry
8.6
Forward
20.9
More Details
101.6
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
101.6
vs History
6
vs Industry
12
Median 3Y
18.7
Median 5Y
22.4
Industry
12.3
Forward
-39.9
More Details
21
EV/OCF
EV/OCF
Enterprise Value to OCF
21
vs History
42
vs Industry
23
Median 3Y
16.8
Median 5Y
20.9
Industry
10.4
More Details
53.1
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
53.1
vs History
25
vs Industry
12
Median 3Y
33.9
Median 5Y
33
Industry
13.3
More Details
1
EV/IC
EV/IC
Enterprise Value to IC
1
vs History
93
vs Industry
50
Median 3Y
2
Median 5Y
3.4
Industry
1.4
More Details

Multiples Across Competitors

Competitors Multiples
NCSOFT Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
KR
NCSOFT Corp
KRX:036570
3.6T KRW 2.2 28.4 18.4 101.6
JP
Nintendo Co Ltd
TSE:7974
12.3T JPY 10 38.4 31.1 32.5
US
Activision Blizzard Inc
LSE:0H8X
74.1B USD 8.5 34.2 24.6 28.9
SG
Sea Ltd
NYSE:SE
73.2B USD 4.4 164.7 106.2 106.2
CN
NetEase Inc
NASDAQ:NTES
65.6B USD 4.5 16 10.9 11.8
US
Roblox Corp
NYSE:RBLX
38.5B USD 10.8 -41.5 -44.3 -34.9
US
Electronic Arts Inc
NASDAQ:EA
37.2B USD 5.1 35.5 18.3 23.3
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
36.6B USD 6.7 -10.1 107.5 -73.8
JP
Konami Holdings Corp
TSE:9766
2.4T JPY 5.7 30.5 15.6 19.8
JP
Nexon Co Ltd
TSE:3659
1.7T JPY 3.8 12.7 8.2 8.8
KR
Krafton Inc
KRX:259960
15.8T KRW 5.8 12.1 9.4 10.2
P/E Multiple
Earnings Growth PEG
KR
NCSOFT Corp
KRX:036570
Average P/E: 41.4
28.4
10%
2.8
JP
Nintendo Co Ltd
TSE:7974
38.4
5%
7.7
US
A
Activision Blizzard Inc
LSE:0H8X
34.2
36%
1
SG
Sea Ltd
NYSE:SE
164.7
N/A N/A
CN
NetEase Inc
NASDAQ:NTES
16
-35%
N/A
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -41.5 N/A N/A
US
Electronic Arts Inc
NASDAQ:EA
35.5
21%
1.7
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -10.1 N/A N/A
JP
Konami Holdings Corp
TSE:9766
30.5
20%
1.5
JP
N
Nexon Co Ltd
TSE:3659
12.7
-2%
N/A
KR
Krafton Inc
KRX:259960
12.1
2%
6.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
KR
NCSOFT Corp
KRX:036570
Average EV/EBITDA: 35
18.4
18%
1
JP
Nintendo Co Ltd
TSE:7974
31.1
2%
15.5
US
A
Activision Blizzard Inc
LSE:0H8X
24.6
30%
0.8
SG
Sea Ltd
NYSE:SE
106.2
96%
1.1
CN
NetEase Inc
NASDAQ:NTES
10.9
13%
0.8
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -44.3 N/A N/A
US
Electronic Arts Inc
NASDAQ:EA
18.3
16%
1.1
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
107.5
49%
2.2
JP
Konami Holdings Corp
TSE:9766
15.6
10%
1.6
JP
N
Nexon Co Ltd
TSE:3659
8.2
N/A N/A
KR
Krafton Inc
KRX:259960
9.4
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
KR
NCSOFT Corp
KRX:036570
Average EV/EBIT: 38.1
101.6
26%
3.9
JP
Nintendo Co Ltd
TSE:7974
32.5
N/A N/A
US
A
Activision Blizzard Inc
LSE:0H8X
28.9
36%
0.8
SG
Sea Ltd
NYSE:SE
106.2
80%
1.3
CN
NetEase Inc
NASDAQ:NTES
11.8
13%
0.9
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -34.9 N/A N/A
US
Electronic Arts Inc
NASDAQ:EA
23.3
18%
1.3
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -73.8 N/A N/A
JP
Konami Holdings Corp
TSE:9766
19.8
N/A N/A
JP
N
Nexon Co Ltd
TSE:3659
8.8
N/A N/A
KR
Krafton Inc
KRX:259960
10.2
14%
0.7

See Also

Summary
Intrinsic value, competitors valuation, and company profile.
DCF Valuation
Stock valuation using Discount Cash Flow valuation method.
Relative Valuation
Stock valuation using valuation multiples.
Wall Street Estimates
Price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
Stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
Back to Top
ALPHA SPREAD
Follow us
Join more than 239,700+ value investors using Alpha Spread
Create a free account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2025 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.