The9 Ltd
NASDAQ:NCTY

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The9 Ltd
NASDAQ:NCTY
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Price: 14.95 USD 3.03% Market Closed
Market Cap: 134.4m USD
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Relative Value

The Relative Value of one NCTY stock under the Base Case scenario is 9.68 USD. Compared to the current market price of 14.95 USD, The9 Ltd is Overvalued by 35%.

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
9.68 USD
Overvaluation 35%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
77
vs Industry
25
Median 3Y
4.1
Median 5Y
16.4
Industry
1.5
vs History
1
vs Industry
17
Median 3Y
-0.7
Median 5Y
-1.8
Industry
17.9
vs History
vs Industry
Median 3Y
-0.8
Median 5Y
-1.6
Industry
11.5
vs History
vs Industry
Median 3Y
-0.9
Median 5Y
-1.7
Industry
15.7
vs History
65
vs Industry
26
Median 3Y
2.6
Median 5Y
7.8
Industry
1.7
vs History
77
vs Industry
25
Median 3Y
3.8
Median 5Y
14.9
Industry
1.6
vs History
vs Industry
Median 3Y
-13.7
Median 5Y
-270.2
Industry
3.3
vs History
vs Industry
Median 3Y
-2.2
Median 5Y
-3.6
Industry
8.7
vs History
vs Industry
Median 3Y
-1.8
Median 5Y
-3.2
Industry
12.2
vs History
vs Industry
Median 3Y
-0.8
Median 5Y
-1.4
Industry
10.6
vs History
vs Industry
Median 3Y
-0.7
Median 5Y
-1.3
Industry
13.4
vs History
55
vs Industry
32
Median 3Y
1.5
Median 5Y
3.1
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
134.4m USD 5.5 49 -5 -4
US
Activision Blizzard Inc
LSE:0H8X
74.1B USD 8.5 34.2 24.6 28.9
JP
Nintendo Co Ltd
TSE:7974
10.6T JPY 7.6 32.4 22.4 23.2
SG
Sea Ltd
NYSE:SE
63.5B USD 4.1 653.3 82.7 204.2
CN
NetEase Inc
NASDAQ:NTES
59.4B USD 4.1 15.7 10.3 11.2
US
Electronic Arts Inc
NASDAQ:EA
38.9B USD 5.2 37.2 19.5 25
US
Roblox Corp
NYSE:RBLX
39.4B USD 11.7 -37.9 -40.4 -32.5
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
31.9B USD 5.9 -8.8 55.8 -69.6
JP
Konami Holdings Corp
TSE:9766
2T JPY 5.2 29.4 15.1 19
JP
Nexon Co Ltd
TSE:3659
1.9T JPY 4.2 31 9.3 10
KR
Krafton Inc
KRX:259960
14.2T KRW 5.4 17.7 8.7 9.5
P/E Multiple
Earnings Growth P/E to Growth
CN
The9 Ltd
NASDAQ:NCTY
Average P/E: 100
49
N/A N/A
US
A
Activision Blizzard Inc
LSE:0H8X
34.2
151%
0.2
JP
Nintendo Co Ltd
TSE:7974
32.4
8%
3.9
SG
Sea Ltd
NYSE:SE
653.3
1 297%
0.5
CN
NetEase Inc
NASDAQ:NTES
15.7
32%
0.5
US
Electronic Arts Inc
NASDAQ:EA
37.2
100%
0.4
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -37.9 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -8.8 N/A N/A
JP
Konami Holdings Corp
TSE:9766
29.4
57%
0.5
JP
N
Nexon Co Ltd
TSE:3659
31
117%
0.3
KR
Krafton Inc
KRX:259960
17.7
84%
0.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CN
The9 Ltd
NASDAQ:NCTY
Average EV/EBITDA: 27.6
Negative Multiple: -5
N/A N/A
US
A
Activision Blizzard Inc
LSE:0H8X
24.6
119%
0.2
JP
Nintendo Co Ltd
TSE:7974
22.4
7%
3.2
SG
Sea Ltd
NYSE:SE
82.7
413%
0.2
CN
NetEase Inc
NASDAQ:NTES
10.3
32%
0.3
US
Electronic Arts Inc
NASDAQ:EA
19.5
62%
0.3
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -40.4 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
55.8
224%
0.2
JP
Konami Holdings Corp
TSE:9766
15.1
34%
0.4
JP
N
Nexon Co Ltd
TSE:3659
9.3
29%
0.3
KR
Krafton Inc
KRX:259960
8.7
77%
0.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CN
The9 Ltd
NASDAQ:NCTY
Average EV/EBIT: 41.4
Negative Multiple: -4
N/A N/A
US
A
Activision Blizzard Inc
LSE:0H8X
28.9
153%
0.2
JP
Nintendo Co Ltd
TSE:7974
23.2
N/A N/A
SG
Sea Ltd
NYSE:SE
204.2
650%
0.3
CN
NetEase Inc
NASDAQ:NTES
11.2
36%
0.3
US
Electronic Arts Inc
NASDAQ:EA
25
89%
0.3
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -32.5 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -69.6 N/A N/A
JP
Konami Holdings Corp
TSE:9766
19
N/A N/A
JP
N
Nexon Co Ltd
TSE:3659
10
N/A N/A
KR
Krafton Inc
KRX:259960
9.5
88%
0.1

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