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MNTN, Inc (MNTN) Fair Value & Analysis

Technology · US · Market cap $617M

MI MNTN, Inc logo MNTN, Inc MNTN · US
Price$10.99
Fair Value$9.75
Upside-11.3%
Quality47/100
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Mixed Growth
Thin margins · 7.8% net margin
generates free cash flow
Ranks above peers (9/12)
Moderate moat 51/100
Evidence: Medium Range $8.17 – $11.33 Share as image

Fair value as of: Jul 19, 2026

From 13 valuation models · updated 19 days ago

Fair value updated Jul 19, 2026, revised from $10.11 to $9.75 (−3.6%) since Jun 24, 2026. Share price −2.3% over the past month.

Below-average quality, and screening another 11% overvalued on our models.

What matters now

  • Our model range runs from $8.17 (bear) to $11.33 (bull), base $9.75. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 47/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (15 months)

$31.47 $7.78 Fair Value $9.75 May 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 19, 2026.

How to read this chart

15‑month range $7.78 – $31.47 · fair‑value band $8.17 – $11.33 · the $10.99 price screens above the $9.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Jul 19, 2026.

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Analysis

MNTN, Inc (MNTN) currently trades at $10.99, while our model-based Fair Value estimate is $9.75, implying the stock looks roughly 11.3% overvalued today. We read business quality at 47/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, MNTN, Inc generated revenue of $299M at a net margin of 7.8%. Revenue grew 14.2% year over year. It earns a return on equity of 12.6%. The balance sheet holds a net cash position of $210M. Fundamentals as of Jul 19, 2026

Our scenario range runs from $8.17 (bear case) to $11.33 (bull case); at $10.99, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 66% below its 52-week high and 43% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at -11%, MNTN screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $15.25 $23.84 $37.35 72
Rev-Margin DCF $10.65 $15.03 $24.09 67
ROIC Compounder $7.11 $8.97 $9.96 67
All 13 models by family
DCF Models
FCF DCF $16.04 $21.84 $39.15 38
5Y Revenue Exit $10.14 $13.56 $20.58 39
5Y EBITDA Exit $11.23 $15.76 $24.57 41
10Y Revenue Exit $12.03 $18.83 $22.12 36
10Y EBITDA Exit $12.90 $20.97 $33.96 37
Earnings-Based
EPV $6.28 $6.67 $6.99 59
Multiples
EV/EBIT $8.76 $10.54 $12.31 53
EV/EBITDA $8.86 $10.67 $12.48 54
EV/Revenue $7.03 $8.57 $10.10 43
Asset-Based
NCAV (Graham) $2.51 $3.36 $5.01 50
Growth DCF
Growth DCF $15.25 $23.84 $37.35 72
Rev-Margin DCF $10.65 $15.03 $24.09 67
Economic Profit
ROIC Compounder $7.11 $8.97 $9.96 67

Widest divergence: DCF Models ($18.83) versus Asset-Based ($3.36). Highest evidence: Growth DCF (72).

Key figures & financial health

Revenue (TTM) $299M
Revenue growth (YoY) +14.2%
Net margin 7.8%
Return on equity 12.6%
Free cash flow $56.5M FY2025
P/E ratio 6.0
More key figures
Operating margin 13.0%
EPS (TTM) $1.39
Net cash $210M FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 64 · Market factors (momentum, volatility) 19

Profitability 36
Margins and returns on capital today
Quality Growth 78
Are margins and returns improving?
Cashflow 74
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 44
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 61
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

MNTN, Inc. operates a technology platform that brings performance marketing to Connected TV. Its self-serve technology makes running TV ads as easy as search and social and helps brands to drive measurable conversions, revenue, site visits, and more. The company was formerly known as MNTN Digital, Inc. and changed its name to MNTN, Inc. in 2022. MNTN, Inc.

Full company description

MNTN, Inc. operates a technology platform that brings performance marketing to Connected TV. Its self-serve technology makes running TV ads as easy as search and social and helps brands to drive measurable conversions, revenue, site visits, and more. The company was formerly known as MNTN Digital, Inc. and changed its name to MNTN, Inc. in 2022. MNTN, Inc. was incorporated in 2009 and is headquartered in Austin, Texas.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MNTN, Inc reported revenue of $290M in FY2025 versus $99.3M in FY2021, a compound +30.7%/yr. Reported net income was −$6.4M in FY2025.

Growth Quality 86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$290M
Latest YoY
+28.6%
Avg. growth/yr (3Y)
+29.3%
Avg. growth/yr (5Y)
+41.0%
Revenue +30.7%/yr
FY21 $99.3M
FY22 $134M
FY23 $176M
FY24 $226M
FY25 $290M
Net income
FY21 −$12.2M
FY22 −$94.5M
FY23 −$53.3M
FY24 −$32.9M
FY25 −$6.4M

MNTN screens 11% overvalued. Compare with SAP SE →

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Cite: Fair Value Calculator (2026). "MNTN, Inc Fair Value". https://www.fairvalue-calculator.com/stock/MNTN

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Software - Application · 709 stocks

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.

Quality Score 47 · Below median
Fair Value upside −11% · Above median
Return on equity (TTM) 13% · Above median
Return on assets 8% · Top 25%
Net margin (TTM) 8% · Above median
Operating margin (TTM) 13% · Above median
Revenue growth 14% · Above median

Valuation Multiples vs Software - Application median · lower = cheaper

P/E (TTM) 6.0× · Cheaper than 75% of peers
P/B 2.02× · Cheaper than median
P/S (TTM) 2.06× · Pricier than median
P/FCF 10.9× · Pricier than median
EV/EBITDA 9.3× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 18 · sector 0
FUTURE 71 · sector 37
PAST 50 · sector 13
HEALTH 0 · sector 98
DIVIDEND 0 · sector 28

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAPS C$12.69 C$16.26 +28%
Shopify Inc SHOP C$173.23 C$20.54 -88%
Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

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Frequently asked questions

Is MNTN, Inc (MNTN) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of $9.75 versus a price of $10.99, about −11% (overvalued).
What is the fair value of MNTN?
Our model-based fair value for MNTN, Inc is $9.75 (as of Jul 19, 2026), built from audited fundamentals. The current price is $10.99.
What is the quality score of MNTN?
MNTN, Inc has a Quality Score of 47/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of MNTN, Inc (MNTN)?
MNTN, Inc reported trailing-twelve-month revenue of about $299M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of MNTN?
The net profit margin of MNTN, Inc is about 7.8%, meaning it keeps roughly 7.8% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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