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STOCK COMPARISON

Applovin vs Magnite: Fair Value & Quality

Both stocks run through our valuation models. Here is how Applovin (APP) and Magnite (MGNI) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Applovin as the less overvalued of the two: Applovin trades at $314 versus a fair value of $252 (-19%), while Magnite trades at $24.63 versus $12.18 (-51%).
Applovin
APP · USD · Information Technology
-19%
upside to fair value
overvalued
Price$314
Fair Value$252
Quality92/100
Magnite
MGNI · USD · Communication Services
-51%
upside to fair value
overvalued
Price$24.63
Fair Value$12.18
Quality54/100
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Head-to-head numbers

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

ApplovinMagnite
Valuation
45.3×P/E (TTM)23.5×
27.63×P/S (TTM)3.55×
—P/B2.78×
35.2×EV/EBITDA16.2×
1.43×PEG0.09×
−19.5%Fair value upside−50.5%
—Dividend yield0.1%
Profitability
78%Operating margin5%
266%Return on equity19%
44%Return on assets2%
Growth
59%Revenue growth (YoY)6%
24.8%Avg. growth/yr (3Y)7.4%
30.4%Avg. growth/yr (5Y)26.4%
+97.7%Value creation/yr—
Balance & size
20.1×Interest coverage (EBIT/interest)3.1×
1.65×Debt / equity0.38×
$170BMarket cap$3B
healthyGrowth qualityhealthy
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.

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.

Applovinof which business quality 86 · market factors 3 Magniteof which business quality 54 · market factors 48
ProfitabilityMargins and returns on capital today
91
43
Quality GrowthAre margins and returns improving?
98
67
CashflowEarnings quality: real cash, not paper profit
87
82
Fin. StrengthBalance sheet, leverage, solvency risk
70
37
InvestmentDisciplined investing over empire-building
81
68
Low VolatilityCalm price path (market factor)
0
1
MomentumPrice trend over the last 3–12 months (market factor)
7
71
52W MomentumDistance to the 52-week high (market factor)
0
61
Net IssuanceBuybacks instead of dilution
98
32

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 $314MagnitePrice $24.63
DCF Models+22%above the price$383+7%close to the price$26.47
Earnings-Based+22%above the price$382-24%below the price$18.65
Dividend Discount-100%below the price$0.17-98%below the price$0.40
Multiples-44%below the price$176-36%below the price$15.65
Asset-Based-99%below the price$4.68-82%below the price$4.32
Growth DCF+28%above the price$402+2%close to the price$25.22
Economic Profit-50%below the price$155-61%below the price$9.49
Growth Earnings+76%above the price$551+8%close to the price$26.72
Minimum-100%below the price$0.17-98%below the price$0.40
Maximum+76%above the price$551+8%close to the price$26.72
Median-11%close to the price$279-30%below the price$17.15
Geometric mean-77%below the price$71.48-60%below the price$9.80

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: 13 of 25 models see the stock below the current price.

Magnite: 19 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.

Applovin
Bear $176Fair Value $252Bull $601
$314 = current price (white tick)
Magnite
Bear $9.01Fair Value $12.18Bull $17.96
$24.63 = 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.

Applovin · Information Technology

Quality score92 · Top 25%
Fair value upside-19% · above median

Magnite · Communication Services

Quality score54 · above median
Fair value upside-51% · below median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Applovin as the less overvalued of the two: Applovin trades at $314 versus a fair value of $252 (-19%), while Magnite trades at $24.63 versus $12.18 (-51%).

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

See the full analysis →
Applovin · Magnite

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