National CineMedia Inc (NCMI) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of National CineMedia Inc stock $1.04, price $1.58, that is 34.2% below the price, quality 40 out of 100. Rating: overvalued. Calculated from audited financials with 11 of our 26 valuation models and 37 quality factors, updated daily.
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National CineMedia Inc
NCMI · USOur calculation puts a fair price 34% 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 4, 2026.
How to read this chart
60‑month range $1.05 – $34.52 · fair‑value band $0.9200 – $1.19 · the $1.58 price screens above the $1.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Company profile
National CineMedia, Inc., through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America.
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The company engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies.
It also sells digital advertising, including through NCM Boost, a data, insights and analytics platform that utilizes data; NCM Boost, a audience accelerator digital product; NCM Boomerang, retargeting solution designed to amplify post-theatre engagement; NCM Bullseye, an AI-generated creative to deliver dynamic and hyper-localized messaging; and NCM Blueprint, a real-time renovation permit data to identify homeowners who are actively engaged in remodelling projects.
It offers its services to national and local sales groups. The company was incorporated in 2006 and is headquartered in Centennial, Colorado.
Stock analysis
National CineMedia Inc (NCMI) currently trades at $1.58, while our model-based Fair Value estimate is $1.04, 34% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $2.29 per share, and 3 of the 11 models we run sit above the $1.58 price.
Bear case: the Asset-Based group reads lowest at $0.2200, and 8 of the 11 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $0.9200 (bear) to $1.19 (bull), the price of $1.58 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 40/100 (below-average quality), in the Communication Services sector.
Mixed Growth: Spin-off in 2023: revenue and profit before it include the divested business. Growth is measured afresh from 2023.
National CineMedia Inc reported revenue of $243M in FY2025 versus $115M in FY2021, a compound +20.7%/yr. Reported net income was −$10.6M in FY2025.
Key figures
Market cap $148M Micro · P/S ratio 0.61 · EPS (TTM) $−0.0800 · Dividend yield 5.7% · Net margin −3.1% · Return on equity −2.3% · Return on assets (EBIT) −3.6% (5-year average) · Operating margin −21.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (medium confidence).
What moves the price
The share trades about 63% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 10% fair-value upside, at −34%, NCMI screens richer than that median.
Fair Value models
All 11 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, 3 officers or directors sold shares worth $1.2M and none bought.
- SaleThomas F. LesinskiChief Executive Officer, Director8× since Dec 29, 2025: 420,557 shares, avg. $3.37$1.4MOct 1, 2026
- SaleRonnie Y. NgChief Financial Officer8× since Nov 10, 2025: 175,255 shares, avg. $3.27$572,209Oct 1, 2026
- SaleMaria VG WoodsChief Legal Officer5× since Dec 29, 2025: 50,865 shares, avg. $3.18$161,846Oct 1, 2026
Plus 8 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
NCMI screens overvalued: fair value 34% below the price. Compare with AppLovin Corporation →
Compare National CineMedia Inc 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.Advertising Agencies · 170 stocks
Valuation Multiplesvs Advertising Agencies 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)
- EBIT margin by industry
- P/S ratio by industry
- Stock screener with 62 metrics
- 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 Advertising Agencies stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| The Trade Desk, Inc TTD | $12.93 | $38.79 | +200% | vs NCMI |
| Publicis Groupe S.A PUB | €102.95 | €145.63 | +41% | vs NCMI |
| Omnicom Group OMC | $86.37 | $113.06 | +31% | vs NCMI |
| AppLovin Corporation APP | $391.22 | $430.34 | +10% | vs NCMI |
| Focus Media Information Technology Co 002027 | ¥5.55 | ¥6.11 | +10% | vs NCMI |
| Magnite, Inc MGNI | $27.39 | $30.13 | +10% | vs NCMI |
| JCDecaux SE DEC | €26.66 | €20.99 | −21% | vs NCMI |
| Easy Click Worldwide Network Technology Co 301171 | ¥34.54 | ¥11.05 | −68% | vs NCMI |
| Leo Group 002131 | ¥4.26 | ¥1.06 | −75% | vs NCMI |
| Stagwell Inc STGW | $11.64 | $2.62 | −77% | vs NCMI |
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Key figures of National CineMedia Inc
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