Imax Corp (IMAX) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Imax Corp stock $15.05, price $47.67, that is 68.4% below the price, quality 77 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
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Imax Corp
IMAX · USOur calculation puts a fair price 68% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $12.19 – $56.33 · fair‑value band $10.42 – $20.17 · the $47.67 price screens above the $15.05 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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Company profile
IMAX Corporation, together with its subsidiaries, operates as a technology platform for entertainment and events in the United States, Canada, Greater China, rest of Asia, Western Europe, Latin America, and internationally.
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It operates through Content Solutions; and Technology Products and Services segments.
The company offers IMAX film remastering, a proprietary technology that digitally remasters films and other content into IMAX formats for distribution to the IMAX network; IMAX Enhanced, which provides end-to-end technology across streaming content and entertainment devices at home; AI-driven video quality solutions for media and entertainment companies; and streaming technology software products.
It also provides preventative and emergency maintenance services, and quality monitoring to the IMAX network; film post-production services; and IMAX film and digital cameras for content creators.
In addition, the company engages in the distribution of format documentary films to institutional theaters, as well as live performances and interactive events with artists and creators; after-market sales of IMAX System parts and 3D glasses; sale or lease of IMAX theater systems; provision of management services to theaters; and rental of company's proprietary 2D and 3D large-format film cameras.
The company markets its theater systems through a direct sales force and marketing staff to science and natural history museums, zoos, aquariums, and other educational and cultural centers, as well as theme parks, private home theaters, tourist destination sites, fairs, and expositions.
It offers its services under the IMAX, IMAX 3D, Experience It In IMAX, The IMAX Experience, DMR, Filmed For IMAX, IMAX Live, IMAX Enhanced, and IMAX StreamSmart. IMAX Corporation was founded in 1967 and is headquartered in Mississauga, Canada.
Stock analysis
Imax Corp (IMAX) currently trades at $47.67, while our model-based Fair Value estimate is $15.05, 68% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $24.68 per share, and 0 of the 24 models we run sit above the $47.67 price.
Bear case: the Asset-Based group reads lowest at $3.15, and 24 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $10.42 (bear) to $20.17 (bull), the price of $47.67 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 77/100 (high quality), in the Communication Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Imax Corp reported revenue of $410M in FY2025 versus $255M in FY2021, a compound +12.6%/yr. Reported net income was $34.9M in FY2025.
Key figures
Market cap $2.7B Mid · P/E ratio 20.2 · P/S ratio 7.27 · EPS (TTM) $2.36 · Net margin 27.7% · Return on equity 27.6% · Return on assets (EBIT) 4.6% (5-year average) · Operating margin 46.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 82 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 44% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at −13% fair-value upside, at −68%, IMAX screens richer than that median.
Fair Value models
All 24 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 7 officers or directors sold shares worth $29.1M and none bought.
- SaleRobert D ListerChief Legal Officer Sr Exec VP22,500 shares at $51.58$1.2MSep 10, 2026
- SaleKenneth Ian WeissmanDeputy GC, Corp. Sec. & CCO8,000 shares at $54.54$436,320Aug 25, 2026
- SaleMark WeltonPresident IMAX Global Theatres3× since Nov 10, 2025: 104,504 shares, avg. $41.72$4.4MAug 25, 2026
- SaleNatasha FernandesChief Financial Officer & EVP2× since Nov 24, 2025: 22,652 shares, avg. $52.47$1.2MAug 24, 2026
- SaleCalamera PabloCTO & EVP2× since Nov 10, 2025: 35,586 shares, avg. $41.89$1.5MAug 20, 2026
- SaleRichard L GelfondChief Executive Officer, Director7× since Mar 10, 2026: 943,041 shares, avg. $45.14$42.6MAug 20, 202610b5-1 plan
- SaleJose Aleksandr ZlatarSVP, Controller & PAO500 shares at $49.90$24,950Aug 6, 2026
- SaleKevin DouglasDirector, 10% owner568,000 shares at $37.82$21.5MMar 16, 2026
- SaleGiovanni M. DolciChief Commercial Officer & EVP6,188 shares at $34.25$211,939Nov 10, 2025
Plus 10 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
Growth Forecast
IMAX screens overvalued: fair value 68% below the price. Compare with Netflix, Inc →
Compare Imax Corp with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Entertainment · 221 stocks
Valuation Multiplesvs Entertainment median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Communication Services sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- P/S ratio by industry
- EBIT margin by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: Communication Services
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Entertainment stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Universal Music Group UMG | €17.10 | €19.56 | +14% | vs IMAX |
| Fox Corporation FOX | $59.50 | $65.92 | +11% | vs IMAX |
| Netflix, Inc NFLX | $63.41 | $69.75 | +10% | vs IMAX |
| Formula One Group FWONK | $106.33 | $112.18 | +6% | vs IMAX |
| The Walt Disney Company DIS | $116.75 | $101.07 | −13% | vs IMAX |
| News Corporation NWS | $28.96 | $17.05 | −41% | vs IMAX |
| Roku, Inc ROKU | $160.52 | $71.66 | −55% | vs IMAX |
| TKO Group TKO | $191.00 | $69.66 | −64% | vs IMAX |
| Warner Music Group WMG | $31.30 | $10.61 | −66% | vs IMAX |
| Live Nation Entertainment, Inc LYV | $175.25 | $47.75 | −73% | vs IMAX |
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Key figures of Imax Corp
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