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STOCK COMPARISON

Applovin vs National CineMedia: Fair Value & Quality

Both stocks run through our valuation models. Here is how Applovin (APP) and National CineMedia (NCMI) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Applovin as the more attractively valued of the two: Applovin trades at $315 versus a fair value of $362 (+15%), while National CineMedia trades at $2.20 versus $1.05 (-52%).
Applovin
APP · USD · Information Technology
+15%
upside to fair value
undervalued
Price$315
Fair Value$362
Quality92/100
National CineMedia
NCMI · USD · Communication Services
-52%
upside to fair value
overvalued
Price$2.20
Fair Value$1.05
Quality43/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

ApplovinNational CineMedia
Valuation
45.3×P/E (TTM)n/a
27.63×P/S (TTM)1.32×
n/aP/B0.78×
35.2×EV/EBITDA12.3×
1.43×PEG0.70×
+14.7%Fair value upside−52.3%
n/aDividend yield5.5%
n/aDividend per share$0.12
Profitability
78%Operating margin-78%
266%Return on equity-2%
44%Return on assets-2%
Growth
59%Revenue growth (YoY)-3%
24.8%Avg. growth/yr (3Y)-0.8%
30.4%Avg. growth/yr (5Y)21.9%
+97.7%Value creation/yrn/a
Balance & size
20.1×Interest coverage (EBIT/interest)n/a
1.65×Debt / equity0.03×
$170BMarket cap$319M
healthyGrowth qualitymixed
Valuation multiples (P/E, P/S, P/B, EV/EBITDA) are shown but not scored here: the two companies sit in different sectors, and multiples only compare fairly between similar business models. PEG stays scored, as it relates the P/E to growth.

Applovin leads: 6 to 2 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Applovinof which business quality 86 · market factors 2 National CineMediaof which business quality 42 · market factors 5
ProfitabilityMargins and returns on capital today
91
14
Quality GrowthAre margins and returns improving?
98
53
CashflowEarnings quality: real cash, not paper profit
87
15
Fin. StrengthBalance sheet, leverage, solvency risk
70
54
InvestmentDisciplined investing over empire-building
81
99
Low VolatilityCalm price path (market factor)
0
15
MomentumPrice trend over the last 3–12 months (market factor)
4
1
52W MomentumDistance to the 52-week high (market factor)
2
1
Net IssuanceShare count: buybacks or dilution?
98
49

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyApplovinPrice $315National CineMediaPrice $2.20
DCF Models+25%above the price$395-27%below the price$1.60
Earnings-Based+21%above the price$382n/a
Dividend Discountn/a-41%below the price$1.30
Multiples-44%below the price$176+9%close to the price$2.40
Asset-Based-99%below the price$4.68+34%above the price$2.94
Growth DCF+33%above the price$420-51%below the price$1.07
Economic Profit-61%below the price$122n/a
Growth Earnings+75%above the price$551n/a
Minimum-99%below the price$4.68-51%below the price$1.07
Maximum+75%above the price$551+34%above the price$2.94
Median+21%above the price$382-27%below the price$1.60
Geometric mean-47%below the price$166-21%below the price$1.73

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Applovin: 11 of 23 models see the stock below the current price.

National CineMedia: 9 of 13 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Applovin
Price $315
Fair Value $362
Bear $213Bull $594
National CineMedia
Price $2.20
Fair Value $1.05
Bear $0.94Bull $1.18

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Applovin · Information Technology

Quality score92 · Top 25%
Fair value upside+15% · above median

National CineMedia · Communication Services

Quality score43 · below median
Fair value upside-52% · bottom 25%

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Applovin as the more attractively valued of the two: Applovin trades at $315 versus a fair value of $362 (+15%), while National CineMedia trades at $2.20 versus $1.05 (-52%).

Applovin has the higher quality score (92/100).

Open Applovin live analysis →

More comparisons

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.