Magnite Valuation

Is MGNI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MGNI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MGNI ($15.84) is trading below our estimate of fair value ($28.74)

Significantly Below Fair Value: MGNI is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for MGNI?

Other financial metrics that can be useful for relative valuation.

MGNI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.9x
Enterprise Value/EBITDA33.1x
PEG Ration/a

Price to Sales Ratio vs Peers

How does MGNI's PS Ratio compare to its peers?

The above table shows the PS ratio for MGNI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.8x
STGW Stagwell
0.3x6.7%US$1.9b
IAS Integral Ad Science Holding
3.5x11.3%US$1.7b
IBTA Ibotta
6.1x15.9%US$2.1b
CRTO Criteo
1.2x-19.1%US$2.3b
MGNI Magnite
3.5x5.1%US$2.1b

Price-To-Sales vs Peers: MGNI is expensive based on its Price-To-Sales Ratio (3.5x) compared to the peer average (2.8x).


Price to Earnings Ratio vs Industry

How does MGNI's PE Ratio compare vs other companies in the US Media Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.6%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.6%
n/an/an/a
No more companies

Price-To-Sales vs Industry: MGNI is expensive based on its Price-To-Sales Ratio (3.5x) compared to the US Media industry average (1.1x).


Price to Sales Ratio vs Fair Ratio

What is MGNI's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MGNI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.5x
Fair PS Ratio1x

Price-To-Sales vs Fair Ratio: MGNI is expensive based on its Price-To-Sales Ratio (3.5x) compared to the estimated Fair Price-To-Sales Ratio (1x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MGNI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$15.84
US$16.85
+6.4%
11.7%US$20.00US$14.00n/a10
Jul ’25US$13.53
US$16.50
+22.0%
12.8%US$20.00US$14.00n/a9
Jun ’25US$12.34
US$16.06
+30.1%
13.5%US$20.00US$13.00n/a9
May ’25US$9.00
US$15.69
+74.3%
12.0%US$18.00US$13.00n/a8
Apr ’25US$10.58
US$15.50
+46.5%
13.3%US$18.00US$13.00n/a8
Mar ’25US$12.23
US$15.22
+24.5%
13.8%US$18.00US$13.00n/a9
Feb ’25US$9.06
US$13.14
+45.0%
13.2%US$16.00US$11.00n/a11
Jan ’25US$9.34
US$13.35
+42.9%
12.5%US$16.00US$11.00n/a10
Dec ’24US$8.39
US$13.35
+59.1%
12.5%US$16.00US$11.00n/a10
Nov ’24US$6.64
US$14.86
+123.9%
10.4%US$18.00US$12.00n/a11
Oct ’24US$7.54
US$14.86
+97.1%
10.4%US$18.00US$12.00n/a11
Sep ’24US$8.58
US$14.86
+73.2%
10.4%US$18.00US$12.00n/a11
Aug ’24US$14.84
US$15.95
+7.5%
13.4%US$20.00US$11.00n/a11
Jul ’24US$13.65
US$15.77
+15.6%
13.5%US$20.00US$11.00US$13.5311
Jun ’24US$12.98
US$15.32
+18.0%
10.8%US$18.00US$11.00US$12.3411
May ’24US$9.39
US$15.23
+62.2%
12.5%US$18.00US$10.00US$9.0011
Apr ’24US$9.26
US$15.25
+64.7%
13.1%US$18.00US$10.00US$10.5810
Mar ’24US$10.84
US$15.25
+40.7%
13.1%US$18.00US$10.00US$12.2310
Feb ’24US$12.14
US$14.45
+19.0%
11.6%US$17.00US$11.00US$9.0610
Jan ’24US$10.59
US$14.55
+37.4%
11.9%US$17.00US$11.00US$9.3410
Dec ’23US$11.87
US$13.67
+15.1%
17.2%US$17.00US$9.00US$8.399
Nov ’23US$7.41
US$14.89
+100.9%
18.3%US$19.00US$10.00US$6.649
Oct ’23US$6.57
US$14.89
+126.6%
18.3%US$19.00US$10.00US$7.549
Sep ’23US$7.39
US$14.89
+101.5%
18.3%US$19.00US$10.00US$8.589
Aug ’23US$7.70
US$17.89
+132.3%
20.0%US$24.00US$13.00US$14.849
Jul ’23US$9.03
US$20.63
+128.4%
18.9%US$25.00US$15.00US$13.658

Analyst Forecast: Target price is less than 20% higher than the current share price.


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