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STOCK COMPARISON

NCsoft vs Konami Holdings: Fair Value & Quality

Both stocks run through our valuation models. Here is how NCsoft (036570) and Konami Holdings (KNM) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees NCsoft as the less overvalued of the two: NCsoft trades at KRW 222,000 versus a fair value of KRW 171,808 (-23%), while Konami Holdings trades at £215 versus £71.97 (-67%).
NCsoft
036570.KO · KRW · Communication Services
-23%
upside to fair value
overvalued
PriceKRW 222,000
Fair ValueKRW 171,808
Quality64/100
Konami Holdings
KNM.LSE · GBP · Communication Services
-67%
upside to fair value
overvalued
Price£215
Fair Value£71.97
Quality74/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

NCsoftKonami Holdings
Valuation
P/E (TTM)0.3×
PEG2.12×
−22.6%Fair value upside−66.5%
0.5%Dividend yield1.2%
KRW 1,150Dividend per share£222
Profitability
20%Operating margin24%
0.03×EBIT margin trend (5Y)2.17×
14%Return on equity19%
2%Return on assets12%
Growth
55%Revenue growth (YoY)27%
-16.3%Avg. growth/yr (3Y)16.2%
-9.0%Avg. growth/yr (5Y)12.6%
−1.1%Value creation/yr+26.6%
Balance & size
3.6×Interest coverage (EBIT/interest)303.6×
0.01×Debt / equity0.07×
$3BMarket cap$3.5T
weakGrowth qualityhealthy

Konami Holdings leads: 2 to 9 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.

NCsoftof which business quality 60 · market factors 35 Konami Holdingsof which business quality 73 · market factors 59
ProfitabilityMargins and returns on capital today
55
66
Quality GrowthAre margins and returns improving?
55
74
CashflowEarnings quality: real cash, not paper profit
18
65
Fin. StrengthBalance sheet, leverage, solvency risk
69
99
InvestmentDisciplined investing over empire-building
87
40
Low VolatilityCalm price path (market factor)
39
53
MomentumPrice trend over the last 3–12 months (market factor)
34
59
52W MomentumDistance to the 52-week high (market factor)
34
68
Net IssuanceBuybacks instead of dilution
99
82

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 familyNCsoftPrice KRW 222,000Konami HoldingsPrice £215
DCF Models-62%below the priceKRW 83,858+6551%above the price£14,300
Earnings-Based-61%below the priceKRW 85,987+3343%above the price£7,401
Dividend Discountn/a+1437%above the price£3,304
Multiples-18%below the priceKRW 181,735+6709%above the price£14,639
Asset-Based-48%below the priceKRW 115,774+1198%above the price£2,790
Growth DCF-76%below the priceKRW 54,279+5899%above the price£12,899
Economic Profit-54%below the priceKRW 102,429+4232%above the price£9,313
Growth Earnings+47%above the priceKRW 326,442+6245%above the price£13,641
Minimum-76%below the priceKRW 54,279+1198%above the price£2,790
Maximum+47%above the priceKRW 326,442+6709%above the price£14,639
Median-54%below the priceKRW 102,429+5066%above the price£11,106
Geometric mean-48%below the priceKRW 115,569+3779%above the price£8,340

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%.

NCsoft: 15 of 23 models see the stock below the current price.

Konami Holdings: 0 of 26 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.

NCsoft
Bear KRW 153,437Fair Value KRW 171,808Bull KRW 285,662
KRW 222,000 = current price (white tick)
Konami Holdings
Bear £48.88Fair Value £71.97Bull £93.33
£215 = 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.

NCsoft · Communication Services

Quality score64 · Top 25%
Fair value upside-23% · below median

Konami Holdings · Communication Services

Quality score74 · Top 25%
Fair value upside-67% · bottom 25%

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees NCsoft as the less overvalued of the two: NCsoft trades at KRW 222,000 versus a fair value of KRW 171,808 (-23%), while Konami Holdings trades at £215 versus £71.97 (-67%).

Konami Holdings has the higher quality score (74/100).

See the full analysis →

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