The9 Ltd
NASDAQ:NCTY

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The9 Ltd
NASDAQ:NCTY
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Price: 8.34 USD -8.15% Market Closed
Market Cap: 75m USD

Relative Value

The Relative Value of one NCTY stock under the Base Case scenario is 6.17 USD. Compared to the current market price of 8.34 USD, The9 Ltd is Overvalued by 26%.

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.

NCTY Relative Value
Base Case
6.17 USD
Overvaluation 26%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
65
vs Industry
17
Median 3Y
4.1
Median 5Y
9.2
Industry
1.5
vs History
vs Industry
11
Median 3Y
-0.7
Median 5Y
-2.5
Industry
18.2
vs History
vs Industry
Median 3Y
-0.8
Median 5Y
-1.3
Industry
11.2
vs History
vs Industry
Median 3Y
-0.9
Median 5Y
-1.4
Industry
15.6
vs History
80
vs Industry
16
Median 3Y
1.9
Median 5Y
3.7
Industry
1.8
vs History
63
vs Industry
18
Median 3Y
4
Median 5Y
9
Industry
1.6
vs History
vs Industry
Median 3Y
-28.7
Median 5Y
-386.7
Industry
3.5
vs History
vs Industry
Median 3Y
-2.3
Median 5Y
-5.1
Industry
8.9
vs History
vs Industry
Median 3Y
-1.9
Median 5Y
-4.2
Industry
12.6
vs History
vs Industry
Median 3Y
-0.8
Median 5Y
-1.2
Industry
10.8
vs History
vs Industry
Median 3Y
-0.7
Median 5Y
-1.1
Industry
13.4
vs History
74
vs Industry
22
Median 3Y
1.2
Median 5Y
1.6
Industry
1.4

Multiples Across Competitors

NCTY Competitors Multiples
The9 Ltd Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CN
The9 Ltd
NASDAQ:NCTY
75m USD 4.8 -7.4 -136.4 -12.1
JP
Nintendo Co Ltd
TSE:7974
13.8T JPY 11.8 49.3 39.3 41.4
SG
Sea Ltd
NYSE:SE
91.2B USD 5.1 104.7 61.8 84.8
CN
NetEase Inc
NASDAQ:NTES
83.4B USD 5.6 18.5 13.5 14.5
US
Activision Blizzard Inc
LSE:0H8X
74.1B USD 8.5 34.2 24.6 28.9
US
Roblox Corp
NYSE:RBLX
65.9B USD 17.2 -74.9 -81.2 -63.1
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
40.8B USD 7.2 -9.1 62.3 -86.1
US
Electronic Arts Inc
NASDAQ:EA
37.4B USD 5 33.4 19 23.2
JP
Konami Holdings Corp
TSE:9766
2.8T JPY 6.6 37.3 19.4 24.8
JP
Nexon Co Ltd
TSE:3659
2.3T JPY 5.1 18.5 11.7 12.6
JP
Capcom Co Ltd
TSE:9697
1.9T JPY 11.3 39.7 25.1 26.8
P/E Multiple
Earnings Growth PEG
CN
The9 Ltd
NASDAQ:NCTY
Average P/E: 42
Negative Multiple: -7.4
N/A N/A
JP
Nintendo Co Ltd
TSE:7974
49.3
N/A N/A
SG
Sea Ltd
NYSE:SE
104.7
96%
1.1
CN
NetEase Inc
NASDAQ:NTES
18.5
13%
1.4
US
A
Activision Blizzard Inc
LSE:0H8X
34.2
36%
1
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -74.9 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -9.1 N/A N/A
US
Electronic Arts Inc
NASDAQ:EA
33.4
30%
1.1
JP
Konami Holdings Corp
TSE:9766
37.3
N/A N/A
JP
N
Nexon Co Ltd
TSE:3659
18.5
-4%
N/A
JP
Capcom Co Ltd
TSE:9697
39.7
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CN
The9 Ltd
NASDAQ:NCTY
Average EV/EBITDA: 30.7
Negative Multiple: -136.4
N/A N/A
JP
Nintendo Co Ltd
TSE:7974
39.3
34%
1.2
SG
Sea Ltd
NYSE:SE
61.8
77%
0.8
CN
NetEase Inc
NASDAQ:NTES
13.5
14%
1
US
A
Activision Blizzard Inc
LSE:0H8X
24.6
30%
0.8
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -81.2 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
62.3
56%
1.1
US
Electronic Arts Inc
NASDAQ:EA
19
19%
1
JP
Konami Holdings Corp
TSE:9766
19.4
13%
1.5
JP
N
Nexon Co Ltd
TSE:3659
11.7
1%
11.7
JP
Capcom Co Ltd
TSE:9697
25.1
13%
1.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CN
The9 Ltd
NASDAQ:NCTY
Average EV/EBIT: 32.1
Negative Multiple: -12.1
N/A N/A
JP
Nintendo Co Ltd
TSE:7974
41.4
N/A N/A
SG
Sea Ltd
NYSE:SE
84.8
92%
0.9
CN
NetEase Inc
NASDAQ:NTES
14.5
16%
0.9
US
A
Activision Blizzard Inc
LSE:0H8X
28.9
36%
0.8
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -63.1 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -86.1 N/A N/A
US
Electronic Arts Inc
NASDAQ:EA
23.2
23%
1
JP
Konami Holdings Corp
TSE:9766
24.8
N/A N/A
JP
N
Nexon Co Ltd
TSE:3659
12.6
N/A N/A
JP
Capcom Co Ltd
TSE:9697
26.8
N/A N/A