Stock fact sheet · data as of
Magnite, Inc. (MGNI): fair value, margin of safety and Wheel Score
Communication Services · Advertising Agencies · United States · Blend
Is MGNI undervalued?
MGNI closed at 24.48 on 16 Oct 2026, which is 12% above the GLS average fair value of 21.95 from 8 models. 5 of them value the shares below today's price. Our screens read that as "no margin of safety": the stock is not a value candidate at this price, whatever the quality numbers say.
There is a wide gap between Lynch (11.47) and Payback Time (43.49). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files MGNI under Blend.
Nine valuation models for MGNI
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 | 13.13 | -46% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 13.11 | -46% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 32.13 | +31% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 11.47 | -53% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 27.04 | +10% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 22.23 | -9% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 43.49 | +78% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 12.97 | -47% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -2.51 | -110% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 28.00 | +14% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Magnite, Inc. scores 8 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. A GLS Moat score of 3.5/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are moderate - ROIC 9.3%, ROE 15.7%, ROA 4.6% - with debt at 0.68 times equity and a free-cash-flow yield of 6.0%.
Magnite, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 8 / 9 | ROIC | 9.3% |
|---|---|---|---|
| GLS Moat | 3.5 / 10 | ROE | 15.7% |
| Debt / equity | 0.68 | ROA | 4.6% |
| Free-cash-flow yield | 6.0% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 63: Fair
A Wheel Score of 63 puts Magnite, Inc. in the Fair band - below the 70 the Sunday Scan requires. Value 8/25, Health 18/20, Moat 5/15, Premium 18/20 and Stability 14/20; the weakest part is Value (8/25).
Implied volatility is 68% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (18 of 20) because volatility this high usually comes with a reason. The option chain is deep: 76,788 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 1.9M shares a day on a market cap of $3.5B, with a beta of 2.32 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 14 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 8 / 25 | -12% margin of safety | |
| Health | 18 / 20 | Piotroski 8/9 | |
| Moat | 5 / 15 | moat 3.5/10 | |
| Premium | 18 / 20 | implied volatility 68% | |
| Stability | 14 / 20 | 1.9M shares/day, $3.5B cap, beta 2.32 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 4 Nov 2026 (after the close), 19 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Advertising Agencies
The 12 companies below are the closest to Magnite, Inc. by market cap within the Advertising Agencies 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 |
|---|---|---|---|---|---|
| LFTO Liftoff Mobile, Inc. Common Stock | 16.94 | 11.66 | -45% | 32Weak | $2.9B |
| PTRN Pattern Group Inc. Series A Common Stock | 17.31 | 10.83 | -60% | 45Weak | $2.7B |
| WPP WPP plc | 25.57 | 83.12 | +69% | 45Weak | $5.5B |
| STGW Stagwell Inc. | 8.78 | 5.74 | -53% | 51Fair | $2.1B |
| TTD The Trade Desk, Inc. | 12.18 | 34.30 | +64% | 87Prime | $5.8B |
| ZD Ziff Davis, Inc. | 57.42 | 280.31 | +80% | 78Good | $2.0B |
| CCO Clear Channel Outdoor Holdings, Inc. | 2.42 | 13.81 | +82% | 45Weak | $1.2B |
| QNST QuinStreet, Inc. | 15.64 | 41.55 | +62% | 75Good | $895M |
| CRTO Criteo S.A. | 15.76 | 99.76 | +84% | 78Good | $772M |
| OMC Omnicom Group Inc. | 80.72 | 77.99 | -3% | 72Good | $22.1B |
| NEXN Nexxen International Ltd. | 9.03 | 11.13 | +19% | 65Good | $514M |
| ADV Advantage Solutions Inc. | 29.36 | 65.07 | +55% | 42Weak | $390M |
⚖ Compare MGNI with 7 of them All Communication Services stocks →
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Start free See the Sunday ScanQuestions about MGNI
Is MGNI undervalued right now?
No: at 24.48 the stock trades 12% above the GLS average fair value of 21.95 (data as of 16 Oct 2026). The margin of safety is negative.
What is the Wheel Score of MGNI and what does it mean?
MGNI scores 63 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for MGNI?
21.95 per share as of 16 Oct 2026 - the simple average of the 8 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 Magnite, Inc. report earnings next?
The next earnings report is due on 4 Nov 2026 (after the close), 19 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does MGNI have listed options, and how liquid are they?
Yes. The nightly snapshot found 512 listed contracts with 76,788 open interest across all expiries and implied volatility of 68% 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.