National CineMedia vs Applovin: Fair Value & Quality
Both stocks run through our valuation models. Here is how National CineMedia (NCMI) and Applovin (APP) compare, as of Aug 11, 2026.
As of Aug 11, 2026, Fair Value Calculator sees Applovin as the less overvalued of the two: National CineMedia trades at $4.03 versus a fair value of $1.18 (-71%), while Applovin trades at $347 versus $181 (-48%).
National CineMedia
NCMI · USD · Communication Services
-71%
upside to fair value
overvalued
Price$4.03
Fair Value$1.18
Quality43/100
Applovin
APP · USD · Information Technology
-48%
upside to fair value
overvalued
Price$347
Fair Value$181
Quality92/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
National CineMediaApplovin
Valuation
—P/E (TTM)45.3×
1.32×P/S (TTM)27.63×
0.78×P/B—
12.3×EV/EBITDA35.2×
0.70×PEG1.43×
3.3%Dividend yield—
$0.12Dividend per share—
Profitability
-4%Net margin64%
-78%Operating margin78%
-2%Return on equity266%
-2%Return on assets44%
Growth
-3%Revenue growth (YoY)59%
-0.8%Avg. growth/yr (3Y)24.8%
21.9%Avg. growth/yr (5Y)30.4%
Balance & size
0.03×Debt / equity1.65×
$319MMarket cap$170B
mixedGrowth qualityhealthy
Applovin leads: 4 to 7 metric wins.
Dash = 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.
National CineMediaof which business quality 42 · market factors 40Applovinof which business quality 86 · market factors 15
ProfitabilityMargins and returns on capital today
14
91
Quality GrowthAre margins and returns improving?
53
98
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
99
81
Low VolatilityCalm price path (market factor)
32
0
MomentumPrice trend over the last 3–12 months (market factor)
49
27
52W MomentumDistance to the 52-week high (market factor)
36
11
Net IssuanceBuybacks instead of dilution
49
98
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
National CineMedia
DCF Models$1.58
Dividend Discount$1.30
Multiples$2.40
Asset-Based$2.94
Growth DCF$1.03
13 of 13 models see the stock below the current price.
Applovin
DCF Models$359
Earnings-Based$382
Dividend Discount$0.17
Multiples$113
Asset-Based$4.68
Growth DCF$402
Economic Profit$155
Growth Earnings$492
16 of 25 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
National CineMedia
Bear $0.92Fair Value $1.18Bull $1.45
$4.03 = current price (white tick)
Applovin
Bear $135Fair Value $181Bull $474
$347 = current price (white tick)
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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.
National CineMedia · Communication Services
Quality score43 · below median
Fair value upside-71% · bottom 25%
Applovin · Information Technology
Quality score92 · Top 25%
Fair value upside-48% · below median
Bottom line
As of Aug 11, 2026, Fair Value Calculator sees Applovin as the less overvalued of the two: National CineMedia trades at $4.03 versus a fair value of $1.18 (-71%), while Applovin trades at $347 versus $181 (-48%).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
