NetEase Inc
NASDAQ:NTES

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NetEase Inc
NASDAQ:NTES
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Price: 128.67 USD -0.73%
Market Cap: 82.9B USD

Relative Value

The Relative Value of one NTES stock under the Base Case scenario is 105.05 USD. Compared to the current market price of 128.67 USD, NetEase Inc is Overvalued by 18%.

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.

NTES Relative Value
Base Case
105.05 USD
Overvaluation 18%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
11
vs Industry
18
Median 3Y
4.1
Median 5Y
4.5
Industry
1.5
Forward
5.1
vs History
42
vs Industry
26
Median 3Y
16.2
Median 5Y
17.1
Industry
18.2
Forward
16.4
vs History
52
vs Industry
29
Median 3Y
12.5
Median 5Y
14.4
Industry
11.2
vs History
9
vs Industry
24
Median 3Y
14.5
Median 5Y
15.2
Industry
15.6
vs History
31
vs Industry
20
Median 3Y
3.5
Median 5Y
3.8
Industry
1.8
vs History
15
vs Industry
23
Median 3Y
3.2
Median 5Y
3.5
Industry
1.6
Forward
4
vs History
30
vs Industry
28
Median 3Y
5.3
Median 5Y
6
Industry
3.5
vs History
49
vs Industry
26
Median 3Y
11.3
Median 5Y
13.6
Industry
8.9
Forward
11.4
vs History
55
vs Industry
28
Median 3Y
12.6
Median 5Y
15.5
Industry
12.6
Forward
11.9
vs History
52
vs Industry
35
Median 3Y
9.2
Median 5Y
11.3
Industry
10.8
vs History
57
vs Industry
33
Median 3Y
10.2
Median 5Y
12.7
Industry
13.4
vs History
1
vs Industry
10
Median 3Y
5.4
Median 5Y
5.9
Industry
1.4

Multiples Across Competitors

NTES Competitors Multiples
NetEase Inc Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CN
NetEase Inc
NASDAQ:NTES
82.9B USD 5.6 18.4 13.4 14.4
JP
Nintendo Co Ltd
TSE:7974
15.4T JPY 13.3 55.4 44.9 47.4
SG
Sea Ltd
NYSE:SE
92B USD 5.1 105.6 62.4 85.6
US
Activision Blizzard Inc
LSE:0H8X
74.1B USD 8.5 34.2 24.6 28.9
US
Roblox Corp
NYSE:RBLX
69.6B USD 18.1 -79.1 -85.9 -66.8
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
42.2B USD 7.5 -9.4 64.5 -89.1
US
Electronic Arts Inc
NASDAQ:EA
38.1B USD 5.1 33.9 19.3 23.6
JP
Konami Holdings Corp
TSE:9766
3T JPY 7.1 39.9 20.9 26.7
JP
Nexon Co Ltd
TSE:3659
2.3T JPY 5.1 18.3 11.4 12.3
JP
Capcom Co Ltd
TSE:9697
2T JPY 11.8 41.2 25.7 27.5
JP
Konami Group Corp
XMUN:KOA
11.2B EUR 4.4 24.9 12.3 15.7
P/E Multiple
Earnings Growth PEG
CN
NetEase Inc
NASDAQ:NTES
Average P/E: 41.3
18.4
13%
1.4
JP
Nintendo Co Ltd
TSE:7974
55.4
N/A N/A
SG
Sea Ltd
NYSE:SE
105.6
96%
1.1
US
A
Activision Blizzard Inc
LSE:0H8X
34.2
36%
1
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -79.1 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -9.4 N/A N/A
US
Electronic Arts Inc
NASDAQ:EA
33.9
30%
1.1
JP
Konami Holdings Corp
TSE:9766
39.9
N/A N/A
JP
N
Nexon Co Ltd
TSE:3659
18.3
-4%
N/A
JP
Capcom Co Ltd
TSE:9697
41.2
N/A N/A
JP
K
Konami Group Corp
XMUN:KOA
24.9
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CN
NetEase Inc
NASDAQ:NTES
Average EV/EBITDA: 29.9
13.4
14%
1
JP
Nintendo Co Ltd
TSE:7974
44.9
34%
1.3
SG
Sea Ltd
NYSE:SE
62.4
77%
0.8
US
A
Activision Blizzard Inc
LSE:0H8X
24.6
30%
0.8
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -85.9 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
64.5
56%
1.2
US
Electronic Arts Inc
NASDAQ:EA
19.3
19%
1
JP
Konami Holdings Corp
TSE:9766
20.9
13%
1.6
JP
N
Nexon Co Ltd
TSE:3659
11.4
1%
11.4
JP
Capcom Co Ltd
TSE:9697
25.7
13%
2
JP
K
Konami Group Corp
XMUN:KOA
12.3
13%
0.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CN
NetEase Inc
NASDAQ:NTES
Average EV/EBIT: 31.3
14.4
16%
0.9
JP
Nintendo Co Ltd
TSE:7974
47.4
N/A N/A
SG
Sea Ltd
NYSE:SE
85.6
92%
0.9
US
A
Activision Blizzard Inc
LSE:0H8X
28.9
36%
0.8
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -66.8 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -89.1 N/A N/A
US
Electronic Arts Inc
NASDAQ:EA
23.6
23%
1
JP
Konami Holdings Corp
TSE:9766
26.7
N/A N/A
JP
N
Nexon Co Ltd
TSE:3659
12.3
N/A N/A
JP
Capcom Co Ltd
TSE:9697
27.5
N/A N/A
JP
K
Konami Group Corp
XMUN:KOA
15.7
N/A N/A