Activision Blizzard Valuation
Is ATVI * undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
0/6Valuation Score 0/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of ATVI * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: ATVI * (MX$1695) is trading above our estimate of fair value (MX$1176.96)
Significantly Below Fair Value: ATVI * is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for ATVI *?
Key metric: As ATVI * is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is ATVI *'s PE Ratio? | |
|---|---|
| PE Ratio | 34.3x |
| Earnings | US$2.17b |
| Market Cap | US$74.29b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 7.4x |
| Enterprise Value/EBITDA | 27.9x |
| PEG Ratio | 6x |
Price to Earnings Ratio vs Peers
How does ATVI *'s PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 28.6x | ||
7974 Nintendo | 29x | 12.0% | JP¥9.5t |
9999 NetEase | 14.9x | 8.9% | HK$439.5b |
EA Electronic Arts | 41.8x | 13.0% | US$43.7b |
9766 Konami Group | 28.9x | 6.7% | JP¥2.0t |
ATVI * Activision Blizzard | 34.3x | 5.7% | Mex$74.3b |
Price-To-Earnings vs Peers: ATVI * is expensive based on its Price-To-Earnings Ratio (34.3x) compared to the peer average (23.3x).
Price to Earnings Ratio vs Industry
How does ATVI *'s PE Ratio compare vs other companies in the Global Entertainment Industry?
| 25 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 25 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: ATVI * is expensive based on its Price-To-Earnings Ratio (34.3x) compared to the Global Entertainment industry average (25.7x).
Price to Earnings Ratio vs Fair Ratio
What is ATVI *'s PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 34.3x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ATVI *'s Price-To-Earnings Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | n/a | Mex$1,719.72 0% | 0.4% | Mex$1,734.50 | Mex$1,716.43 | n/a | 11 |
| Nov ’25 | n/a | Mex$1,719.72 0% | 0.4% | Mex$1,734.50 | Mex$1,716.43 | n/a | 11 |
| Oct ’25 | n/a | Mex$1,719.72 0% | 0.4% | Mex$1,734.50 | Mex$1,716.43 | n/a | 11 |
| Sep ’25 | n/a | Mex$1,719.72 0% | 0.4% | Mex$1,734.50 | Mex$1,716.43 | n/a | 11 |
| Aug ’25 | n/a | Mex$1,719.72 0% | 0.4% | Mex$1,734.50 | Mex$1,716.43 | n/a | 11 |
| Jul ’25 | n/a | Mex$1,719.72 0% | 0.4% | Mex$1,734.50 | Mex$1,716.43 | n/a | 11 |
| Jun ’25 | n/a | Mex$1,719.72 0% | 0.4% | Mex$1,734.50 | Mex$1,716.43 | n/a | 11 |
| May ’25 | n/a | Mex$1,719.72 0% | 0.4% | Mex$1,734.50 | Mex$1,716.43 | n/a | 11 |
| Apr ’25 | n/a | Mex$1,719.72 0% | 0.4% | Mex$1,734.50 | Mex$1,716.43 | n/a | 11 |
| Mar ’25 | n/a | Mex$1,719.72 0% | 0.4% | Mex$1,734.50 | Mex$1,716.43 | n/a | 11 |
| Feb ’25 | n/a | Mex$1,719.72 0% | 0.4% | Mex$1,734.50 | Mex$1,716.43 | n/a | 11 |
| Jan ’25 | n/a | Mex$1,719.72 0% | 0.4% | Mex$1,734.50 | Mex$1,716.43 | n/a | 11 |
| Dec ’24 | n/a | Mex$1,719.72 0% | 0.4% | Mex$1,734.50 | Mex$1,716.43 | n/a | 11 |
| Nov ’24 | n/a | Mex$1,719.72 0% | 0.4% | Mex$1,734.50 | Mex$1,716.43 | n/a | 11 |
| Oct ’24 | Mex$1,650.00 | Mex$1,623.77 -1.6% | 1.4% | Mex$1,644.11 | Mex$1,541.35 | n/a | 16 |
| Sep ’24 | Mex$1,565.00 | Mex$1,604.61 +2.5% | 1.3% | Mex$1,624.52 | Mex$1,522.99 | n/a | 17 |
| Aug ’24 | Mex$1,534.14 | Mex$1,582.87 +3.2% | 1.3% | Mex$1,601.41 | Mex$1,501.33 | n/a | 18 |
| Jul ’24 | Mex$1,440.00 | Mex$1,557.19 +8.1% | 5.3% | Mex$1,711.20 | Mex$1,403.18 | n/a | 20 |
| Apr ’24 | Mex$1,539.00 | Mex$1,686.81 +9.6% | 4.7% | Mex$1,742.72 | Mex$1,485.90 | n/a | 21 |
| Mar ’24 | Mex$1,390.00 | Mex$1,685.96 +21.3% | 5.5% | Mex$1,754.56 | Mex$1,477.52 | n/a | 21 |
| Feb ’24 | Mex$1,428.41 | Mex$1,705.85 +19.4% | 5.9% | Mex$1,769.00 | Mex$1,452.44 | n/a | 23 |
| Jan ’24 | Mex$1,479.69 | Mex$1,818.47 +22.9% | 6.1% | Mex$1,975.66 | Mex$1,541.01 | n/a | 23 |
| Dec ’23 | Mex$1,403.01 | Mex$1,777.61 +26.7% | 6.1% | Mex$1,931.27 | Mex$1,506.39 | n/a | 23 |
| Nov ’23 | Mex$1,445.00 | Mex$1,853.34 +28.3% | 5.6% | Mex$2,002.63 | Mex$1,582.08 | n/a | 22 |
Analyst Forecast: Target price is less than 20% higher than the current share price.
Discover undervalued companies
ITV
UK£2.8b
An integrated production, broadcasting, and streaming company, which creates, owns, and distributes content on various platforms worldwide.
ITV N
UK£16.88
7D
0%
1Y
0%
Hello Group
US$1.1b
Provides mobile-based social and entertainment services in the People’s Republic of China.
MOMO N
US$138.93
7D
0%
1Y
n/a
US$2.2b
Through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People’s Republic of China.
WB N
US$163.80
7D
0%
1Y
n/a