The9 Ltd
NASDAQ:NCTY

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The9 Ltd
NASDAQ:NCTY
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Price: 11.69 USD -1.85% Market Closed
Market Cap: 105.1m USD
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Relative Value

The Relative Value of one NCTY stock under the Base Case scenario is 9.65 USD. Compared to the current market price of 11.69 USD, The9 Ltd is Overvalued by 17%.

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
9.65 USD
Overvaluation 17%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
65
vs Industry
17
Median 3Y
4.1
Median 5Y
10.6
Industry
1.4
vs History
7
vs Industry
11
Median 3Y
-0.4
Median 5Y
-1
Industry
17.8
vs History
vs Industry
Median 3Y
-0.8
Median 5Y
-1.3
Industry
11.1
vs History
vs Industry
Median 3Y
-0.9
Median 5Y
-1.5
Industry
15.9
vs History
58
vs Industry
16
Median 3Y
2.6
Median 5Y
5.1
Industry
1.7
vs History
65
vs Industry
18
Median 3Y
3.8
Median 5Y
8.9
Industry
1.5
vs History
vs Industry
Median 3Y
-13.7
Median 5Y
-37.6
Industry
3.3
vs History
vs Industry
Median 3Y
-2.2
Median 5Y
-3.6
Industry
8.5
vs History
vs Industry
Median 3Y
-1.8
Median 5Y
-3
Industry
12.2
vs History
vs Industry
Median 3Y
-0.8
Median 5Y
-1.2
Industry
10.4
vs History
vs Industry
Median 3Y
-0.7
Median 5Y
-1.1
Industry
13.1
vs History
50
vs Industry
22
Median 3Y
1.5
Median 5Y
2.5
Industry
1.4

Multiples Across Competitors

NCTY Competitors Multiples
The9 Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CN
The9 Ltd
NASDAQ:NCTY
105.1m USD 4.2 37.8 -3.8 -3
JP
Nintendo Co Ltd
TSE:7974
13.5T JPY 10.9 42.2 34.8 36.3
SG
Sea Ltd
NYSE:SE
81.4B USD 4.8 183.2 74.6 118.5
US
Activision Blizzard Inc
LSE:0H8X
74.1B USD 8.5 34.2 24.6 28.9
CN
NetEase Inc
NASDAQ:NTES
68.8B USD 4.7 16.7 11.6 12.5
US
Roblox Corp
NYSE:RBLX
49.9B USD 13 -56.7 -61 -47.4
AU
Emerge Gaming Ltd
ASX:EM1
69.2B AUD 39 300.5 -24 174.5 -15 947.8 -15 947.8
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
39.9B USD 7.3 -10.9 116.7 -80.2
US
Electronic Arts Inc
NASDAQ:EA
39.1B USD 5.3 37.3 19.2 24.5
JP
Konami Holdings Corp
TSE:9766
2.6T JPY 6.3 33.8 17.5 22.2
JP
Nexon Co Ltd
TSE:3659
1.9T JPY 4.2 13.9 8.5 9.1
P/E Multiple
Earnings Growth PEG
CN
The9 Ltd
NASDAQ:NCTY
Average P/E: 49.9
37.8
N/A N/A
JP
Nintendo Co Ltd
TSE:7974
42.2
4%
10.5
SG
Sea Ltd
NYSE:SE
183.2
89%
2.1
US
A
Activision Blizzard Inc
LSE:0H8X
34.2
36%
1
CN
NetEase Inc
NASDAQ:NTES
16.7
13%
1.3
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -56.7 N/A N/A
AU
Emerge Gaming Ltd
ASX:EM1
Negative Multiple: -24 174.5 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -10.9 N/A N/A
US
Electronic Arts Inc
NASDAQ:EA
37.3
22%
1.7
JP
Konami Holdings Corp
TSE:9766
33.8
22%
1.5
JP
N
Nexon Co Ltd
TSE:3659
13.9
-4%
N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CN
The9 Ltd
NASDAQ:NCTY
Average EV/EBITDA: 38.4
Negative Multiple: -3.8
N/A N/A
JP
Nintendo Co Ltd
TSE:7974
34.8
3%
11.6
SG
Sea Ltd
NYSE:SE
74.6
71%
1.1
US
A
Activision Blizzard Inc
LSE:0H8X
24.6
30%
0.8
CN
NetEase Inc
NASDAQ:NTES
11.6
12%
1
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -61 N/A N/A
AU
Emerge Gaming Ltd
ASX:EM1
Negative Multiple: -15 947.8 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
116.7
49%
2.4
US
Electronic Arts Inc
NASDAQ:EA
19.2
13%
1.5
JP
Konami Holdings Corp
TSE:9766
17.5
15%
1.2
JP
N
Nexon Co Ltd
TSE:3659
8.5
0%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CN
The9 Ltd
NASDAQ:NCTY
Average EV/EBIT: 36
Negative Multiple: -3
N/A N/A
JP
Nintendo Co Ltd
TSE:7974
36.3
N/A N/A
SG
Sea Ltd
NYSE:SE
118.5
78%
1.5
US
A
Activision Blizzard Inc
LSE:0H8X
28.9
36%
0.8
CN
NetEase Inc
NASDAQ:NTES
12.5
13%
1
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -47.4 N/A N/A
AU
Emerge Gaming Ltd
ASX:EM1
Negative Multiple: -15 947.8 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -80.2 N/A N/A
US
Electronic Arts Inc
NASDAQ:EA
24.5
19%
1.3
JP
Konami Holdings Corp
TSE:9766
22.2
N/A N/A
JP
N
Nexon Co Ltd
TSE:3659
9.1
N/A N/A