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CyberAgent, Inc (CYGIY) Fair Value & Analysis

Communication Services · US · Market cap $4.2B

CI CyberAgent, Inc logo CyberAgent, Inc CYGIY · US
Price$4.01
Fair Value$6.68
Upside+66.4%
Quality73/100
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Healthy Growth
Thin margins · 4.6% net margin
Low debt · generates free cash flow
1.44% dividend yield
Ranks above peers (10/12)
Moderate moat 54/100
Evidence: Medium Range $4.94 – $8.42 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated today

Fair value updated Aug 13, 2026, revised from $4.28 to $6.68 (+56.1%) since Jul 15, 2026. Share price −19.7% over the past month.

A solid business, screening 66% undervalued on our models.

What matters now

  • The rarer combination: high quality (73/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case ($4.94). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

$10.02 $2.09 Fair Value $6.68 Oct 2015 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range $2.09 – $10.02 · fair‑value band $4.94 – $8.42 · the $4.01 price screens below the $6.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

CyberAgent, Inc (CYGIY) currently trades at $4.01, while our model-based Fair Value estimate is $6.68, implying the stock looks roughly 66.4% undervalued today. The Quality Score stands at 73/100 (solid quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, CyberAgent, Inc generated revenue of $931B at a net margin of 4.6%. Revenue grew 13.3% year over year. It earns a return on equity of 21.1%. The balance sheet holds a net cash position of $139B. Fundamentals as of Aug 13, 2026

Our scenario range runs from $4.94 (bear case) to $8.42 (bull case); at $4.01, the current price sits below 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 33% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -13% fair-value upside, at 66%, CYGIY 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 Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF $9.44 $15.67 $26.01 80
Rev-Margin DCF $8.22 $13.37 $20.26 74
ROIC Compounder $5.69 $6.65 $7.67 72
All 24 models by family
DCF Models
FCF DCF $9.59 $16.67 $29.04 38
Owner Earnings $5.02 $8.18 $13.69 31
5Y Revenue Exit $8.22 $13.52 $20.81 39
5Y EBITDA Exit $8.39 $13.88 $20.86 41
5Y P/E Exit $7.17 $11.28 $16.02 38
10Y Revenue Exit $8.40 $13.60 $21.81 36
10Y EBITDA Exit $8.73 $13.87 $21.85 37
10Y P/E Exit $7.92 $11.97 $17.77 35
Earnings-Based
Graham-Dodd $2.06 $10.63 $14.70 54
Lynch FV $2.90 $4.15 $5.39 50
PEG = 1.0 $2.90 $4.15 $5.39 46
EPV $5.46 $6.11 $6.67 59
Multiples
P/E Multiple $5.01 $6.68 $8.35 63
P/S Multiple $3.87 $5.16 $6.45 58
P/B Multiple $3.87 $5.16 $6.45 55
EV/EBIT $9.57 $12.31 $15.05 53
EV/EBITDA $8.30 $10.62 $12.94 54
EV/Revenue $7.58 $10.25 $12.93 43
Asset-Based
NCAV (Graham) $0.8898 $1.19 $1.78 50
Growth DCF
Growth DCF $9.44 $15.67 $26.01 80
Rev-Margin DCF $8.22 $13.37 $20.26 74
Economic Profit
Residual Income $1.93 $2.54 $7.73 61
ROIC Compounder $5.69 $6.65 $7.67 72
Growth Earnings
Growth-Adj P/E $4.47 $6.39 $8.30 68

Widest divergence: DCF Models ($13.52) versus Asset-Based ($1.19). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $931B
Revenue growth (YoY) +13.3%
Net margin 4.6%
Return on equity 21.1%
Free cash flow $67.8B FY2025
P/E ratio 16.1
More key figures
Operating margin 11.8%
EPS (TTM) $0.2500
Dividend yield 1.4%
EPS growth (YoY) +34.2%
Net cash $139B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 73/100

Of which business quality 72 · Market factors (momentum, volatility) 40

Profitability 64
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 91
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

CyberAgent, Inc., together with its subsidiaries, engages in the internet advertising business in Japan. It operates through Media Business, Internet Advertising Business, Game Business, Investment Development Business, and Other Businesses segments.

Full company description

CyberAgent, Inc., together with its subsidiaries, engages in the internet advertising business in Japan. It operates through Media Business, Internet Advertising Business, Game Business, Investment Development Business, and Other Businesses segments. The company operates Ameba, a video streaming platform with various channels, including 24-hour news, dramas, romance shows, anime, and sports; and WinTicket for internet betting for sports events, such as horse, bicycle, and auto racing, as well as fan community app development and service management; IP works and content; performance; merchandising; and overseas marketing. It also offers AI solutions; creative production; DX business; research and consulting; and smartphone games. In addition, the company engages in news content planning and production; smartphone advertising; creative office planning and management; corporate venture capital; fund establishment and management; crowdfunding; and management of professional soccer teams. CyberAgent, Inc. was incorporated in 1998 and is headquartered in Shibuya, Japan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CyberAgent, Inc reported revenue of $879B in FY2025 versus $666B in FY2021, a compound +7.2%/yr. Reported net income was $31.9B in FY2025, compounding −6.4%/yr from FY2021.

Growth Quality 88/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$879B
Latest YoY
+9.5%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.4%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+12.9%
Avg. growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+18.1%
Revenue +7.2%/yr
FY21 $666B
FY22 $711B
FY23 $720B
FY24 $803B
FY25 $879B
Net income −6.4%/yr
FY21 $41.6B
FY22 $22.9B
FY23 $5.3B
FY24 $16.2B
FY25 $31.9B
Character of growth · EPS growth decomposed (2014-2025) +3.0 % p.a.
Revenue per share +12.5 pp

of which total revenue +13.5 pp · buybacks/dilution −1.0 pp

EBIT margin −7.8 pp
Tax rate +0.7 pp
Residual (interest, one-offs) −2.4 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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

Peer Group

Advertising Agencies · 199 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 73 · Top 25%
Fair Value upside +66% · Top 25%
Return on equity (TTM) 21% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 5% · Above median
Operating margin (TTM) 12% · Top 25%
Revenue growth 13% · Above median
Dividend yield (TTM) 1.4% · Bottom 25%
Debt / equity 0.50× · Higher than 75% of peers

Valuation Multiples vs Advertising Agencies median · lower = cheaper

P/E (TTM) 16.1× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
PEG 1.05× · 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 100 · sector 24
FUTURE 67 · sector 6
PAST 84 · sector 5
HEALTH 75 · sector 98
DIVIDEND 29 · sector 67

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 Advertising Agencies stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
AppLovin Corporation APP $303.76 $252.45 -17%
Publicis Groupe S.A PUB €99.98 €146.36 +46%
Omnicom Group OMC $85.51 $99.84 +17%
Focus Media Information Technology Co 002027 ¥5.29 ¥5.71 +8%
The Trade Desk, Inc TTD $13.49 $29.07 +115%
JCDecaux SE DEC €24.00 €20.99 -13%
Easy Click Worldwide Network Technology Co 301171 ¥37.40 ¥5.62 -85%
Mobvista Inc 1860 HK$11.04 HK$6.43 -42%
Affle 3i Limited AFFLE ₹1,643 ₹611.48 -63%
Guangdong Advertising Group 002400 ¥7.33 ¥1.14 -84%

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Frequently asked questions

Is CyberAgent, Inc (CYGIY) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $6.68 versus a price of $4.01, about +66% (undervalued).
What is the fair value of CYGIY?
Our model-based fair value for CyberAgent, Inc is $6.68 (as of Aug 13, 2026), built from audited fundamentals. The current price is $4.01.
What is the quality score of CYGIY?
CyberAgent, Inc has a Quality Score of 73/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of CyberAgent, Inc (CYGIY)?
CyberAgent, Inc reported trailing-twelve-month revenue of about $931B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of CYGIY?
The net profit margin of CyberAgent, Inc is about 4.6%, meaning it keeps roughly 4.6% of revenue as net income. Based on the latest reported figures.
Does CyberAgent, Inc pay a dividend?
CyberAgent, Inc currently shows a dividend yield of about 1.44% relative to its recent price (as of Aug 13, 2026).

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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