Stock fact sheet · data as of
Agora, Inc. (API): fair value, margin of safety and Wheel Score
Ticker symbol API · Technology · Software - Application · United States · ADR · Blend
API is an American depositary share (ADR): the US listing of Agora, Inc., whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.
Is API undervalued?
Agora, Inc. (API) closed at 4.36 on 5 Nov 2026, close to the GLS average fair value of 4.22 (3.3% above fair value). 2 of the 5 models that produced a number sit above the price, 3 below - the market and our models roughly agree. With little margin of safety either way, the case for or against the stock rests on the quality numbers and the option premium rather than on price.
The 5 models disagree widely: Graham Number gives 1.09 while GLS Growth gives 7.93. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for API, so the nightly engine files it under Blend (value score 47, growth score 65, out of 100).
Nine valuation models for API
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 1.09 | -75% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 7.41 | +70% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 3.24 | -26% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 7.93 | +82% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 1.44 | -67% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 1.09 | -75% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 7.57 | +74% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
On financial health API scores 7/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is low at 3.7 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
Returns on capital are thin or negative - ROIC 1.5%, ROE 1.7%, ROA 1.3% - with debt at 0.15 times equity and negative free cash flow.
Agora, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Service 98%, Product and Service, Other 2% (fiscal year FY2025).
Institutional ownership scores 4/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 30 Oct 2026.
| Piotroski F-score | 7 / 9 | ROIC | 1.5% |
|---|---|---|---|
| GLS Moat | 3.7 / 10 | ROE | 1.7% |
| Debt / equity | 0.15 | ROA | 1.3% |
| Free-cash-flow yield | -4.7% | Payout ratio | 0% |
| Institutions | 4 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 33: Weak
API scores 33 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 3, below fair value - trades 3% above our fair value; and filter 8, big enough - market cap $408M (under $1.0B); and filter 9, not a penny stock - price 4.36 (under $5), and the parts are thin too - value weak, premium strong, moat fair, health good, red flags strong, option trading weak, stability fair. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 64% on the near-the-money contracts 20-60 days out - above the 60% top of the sweet spot. It still passes the 25-80% filter, but the Wheel Score rewards it less because volatility this high usually comes with a reason. Chain open interest is thin - 1,761 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 119k shares a day on a market cap of $408M, with a beta of 0.75 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades 3% above our fair value |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Fails | market cap $408M (under $1.0B) |
| 9 | Not a penny stock | Fails | price 4.36 (under $5) |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 3% above fair value | |
| Premium | Strong | implied volatility 64% | |
| Moat | Fair | moat 3.7/10 | |
| Health | Good | Piotroski 7/9 | |
| Red Flags | Strong | Red Flags score 90/100 | |
| Option trading | Weak | 101 contracts a day, 1,761 open interest | |
| Stability | Fair | beta 0.75, $408M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
Agora, Inc. reports earnings on 18 Nov 2026 - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Software - Application
The 12 companies below are the closest to Agora, Inc. by market cap within the Software - Application industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| CRNC Cerence Inc. | 8.77 | 39.99 | +78% | 41Weak | $396M |
| MFI mF International Limited | 7.96 | 4.50 | -77% | 13No options | $390M |
| AIOT PowerFleet, Inc. | 2.84 | 3.66 | +22% | 30Weak | $381M |
| MTLS Materialise N.V. | 7.32 | 8.97 | +18% | 45Weak | $438M |
| LAW CS Disco, Inc. | 5.73 | - | - | 20Weak | $367M |
| RMNI Rimini Street, Inc. | 5.26 | 6.42 | +18% | 42Weak | $488M |
| EGHT 8x8, Inc. | 2.26 | 2.12 | -6% | 23Weak | $326M |
| SMRT SmartRent, Inc. | 1.62 | 0.2963 | -447% | 16Weak | $310M |
| RZLV Rezolve AI PLC | 1.37 | - | - | 19Weak | $546M |
| BLND Blend Labs, Inc. | 1.28 | 1.30 | +2% | 13Weak | $303M |
| ASUR Asure Software, Inc. | 9.73 | 15.80 | +38% | 43Weak | $294M |
| CMRC Commerce.com, Inc. | 3.45 | 13.21 | +74% | 32Weak | $286M |
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about API
Is API undervalued right now?
Not meaningfully: at 4.36 the stock trades within a few percent of the GLS average fair value of 4.22 (3.3% above fair value, data as of 5 Nov 2026).
What is the Wheel Score of API and what does it mean?
API scores 33 out of 100 (Weak) - it fails Wheel Trade Filters 3, 8, 9. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for API?
4.22 per share as of 5 Nov 2026 - the simple average of the 5 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Agora, Inc. report earnings next?
The next earnings report is due on 18 Nov 2026, 13 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does API have listed options, and how liquid are they?
Yes. The nightly snapshot found 8 listed contracts with 1,761 open interest across all expiries and implied volatility of 64% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.
Is API an ADR?
Yes. API is an American depositary share (ADR): the US listing of Agora, Inc., whose own shares trade on its home exchange. It trades in dollars during US hours; currency moves and the home country's rules also affect it, and the depositary bank charges a small yearly fee.