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Activision Blizzard Inc
NASDAQ:ATVI

Watchlist Manager
Activision Blizzard Inc Logo
Activision Blizzard Inc
NASDAQ:ATVI
Watchlist
Price: 73.47 USD -4.07% Market Closed
Updated: Nov 27, 2022

Relative Value

The Relative Value of one ATVI stock under the Base Case scenario is 61.38 USD. Compared to the current market price of 73.47 USD, Activision Blizzard Inc is Overvalued by 16%.

Relative valuation is one of two methods of placing a monetary value on a company; the other is Discounted Cash Flow valuation method. We use a combination of these two methods to calculate the Intrinsic Value of stock as accurately as possible.

ATVI Relative Value
Base Case
61.38 USD
Overvaluation 16%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

Median 7.6
Industry 1.6
Forward Multiple 7.1
Median 29.4
Industry 16.9
Forward Multiple 25.7
Median 27.8
Industry 12.3
Forward Multiple N/A
Median 30.1
Industry 14.9
Forward Multiple N/A
Median 3.6
Industry 1.8
Forward Multiple N/A
Median 22.4
Industry 12.7
Forward Multiple 17.8

Multiples Across Competitors

ATVI Competitors Multiples
Activision Blizzard Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Activision Blizzard Inc
NASDAQ:ATVI
57.5B USD 7.8 34.3 21.6 25
JP
Nintendo Co Ltd
TSE:7974
6.9T JPY 4 12.9 8.7 8.9
CN
NetEase Inc
NASDAQ:NTES
43.1B USD 3.2 14 9.7 11.2
US
Electronic Arts Inc
NASDAQ:EA
35.9B USD 4.9 39.8 18.7 25.9
SG
Sea Ltd
NYSE:SE
30.3B USD 2.6 N/A N/A N/A
US
Roblox Corp
NYSE:RBLX
19.1B USD 8.6 N/A N/A N/A
P/E Multiple Earnings Growth
US
Activision Blizzard Inc
NASDAQ:ATVI
34.3
22%
JP
Nintendo Co Ltd
TSE:7974
12.9
-14%
CN
NetEase Inc
NASDAQ:NTES
14
58%
US
Electronic Arts Inc
NASDAQ:EA
39.8
215%
SG
Sea Ltd
NYSE:SE
Negative Multiple N/A
US
Roblox Corp
NYSE:RBLX
Negative Multiple N/A
EV/EBITDA Multiple EBITDA Growth
US
Activision Blizzard Inc
NASDAQ:ATVI
21.6
11%
JP
Nintendo Co Ltd
TSE:7974
8.7
-12%
CN
NetEase Inc
NASDAQ:NTES
9.7
49%
US
Electronic Arts Inc
NASDAQ:EA
18.7
100%
SG
Sea Ltd
NYSE:SE
Negative Multiple N/A
US
Roblox Corp
NYSE:RBLX
Negative Multiple N/A
EV/EBIT Multiple EBIT Growth
US
Activision Blizzard Inc
NASDAQ:ATVI
25
22%
JP
Nintendo Co Ltd
TSE:7974
8.9
N/A
CN
NetEase Inc
NASDAQ:NTES
11.2
67%
US
Electronic Arts Inc
NASDAQ:EA
25.9
153%
SG
Sea Ltd
NYSE:SE
Negative Multiple N/A
US
Roblox Corp
NYSE:RBLX
Negative Multiple N/A

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