Stock fact sheet · data as of
Magnite, Inc. (MGNI): fair value, margin of safety and Wheel Score
Ticker symbol MGNI · Communication Services · Advertising Agencies · United States · Blend
Is MGNI undervalued?
MGNI closed at 22.79 on 5 Nov 2026 against a GLS average fair value of 23.85 - 4.4% below fair value, which our scans read as "fairly priced". 4 of 8 models are above the current price. There is no discount to lean on here, so the margin of safety is not the reason to look at the stock.
There is a wide gap between Lynch (12.39) and Payback Time (48.37). 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.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for MGNI, so the nightly engine files it under Blend (value score 36, growth score 53, out of 100).
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 | 13.14 | -42% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 13.78 | -40% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 34.70 | +52% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 12.39 | -46% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 29.21 | +28% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 25.21 | +11% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 48.37 | +112% | 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 | 14.00 | -39% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -2.51 | -111% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 28.00 | +23% | 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 "Piotroski 6 or more" Wheel Trade Filter with room to spare. A GLS Moat score of 3.1/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, 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 7.2%.
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 | 3.1 / 10 | ROE | 15.7% |
| Debt / equity | 0.68 | ROA | 4.6% |
| Free-cash-flow yield | 7.2% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 31: Weak
With a Wheel Score of 31 Magnite, Inc. sits in the Weak band. It fails filter 7, a premium worth selling - implied volatility 93% (over 80%); Stability (weak) is its weakest part.
Implied volatility is 93%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. The option chain is deep: 60,257 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 3.2M shares a day on a market cap of $3.3B, with a beta of 2.39 - 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 rates that weak.
| 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 | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 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 | Fails | implied volatility 93% (over 80%) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 4% below fair value | |
| Premium | Fair | implied volatility 93% | |
| Moat | Weak | moat 3.1/10 | |
| Health | Strong | Piotroski 8/9 | |
| Red Flags | Strong | Red Flags score 95/100 | |
| Option trading | Good | 1,271 contracts a day, 60,257 open interest | |
| Stability | Weak | beta 2.39, $3.3B 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
No upcoming earnings date is recorded for MGNI in the nightly calendar.
No analyst upgrades or downgrades were recorded in the last 30 days.
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 |
|---|---|---|---|---|---|
| PTRN Pattern Group Inc. Series A Common Stock | 17.68 | 21.44 | +18% | 37Weak | $2.8B |
| STGW Stagwell Inc. | 11.00 | 6.37 | -73% | 33Weak | $2.7B |
| LFTO Liftoff Mobile, Inc. Common Stock | 15.69 | 14.37 | -9% | 20Weak | $2.7B |
| ZD Ziff Davis, Inc. | 56.75 | 280.86 | +80% | 78Good | $1.9B |
| WPP WPP plc | 28.40 | 99.21 | +71% | 47Weak | $6.1B |
| TTD The Trade Desk, Inc. | 13.23 | 35.20 | +62% | 51Fair | $6.3B |
| QNST QuinStreet, Inc. | 19.26 | 46.58 | +59% | 81Good | $1.1B |
| CRTO Criteo S.A. | 15.64 | 98.30 | +84% | 44Weak | $766M |
| ADV Advantage Solutions Inc. | 39.67 | 30.53 | -30% | 11Weak | $527M |
| NEXN Nexxen International Ltd. | 9.12 | 11.13 | +18% | 42Weak | $519M |
| PERI Perion Network Ltd. | 11.45 | 17.33 | +34% | 29Weak | $450M |
| OMC Omnicom Group Inc. | 87.51 | 112.93 | +23% | 47Weak | $24.0B |
⚖ 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?
Not meaningfully: at 22.79 the stock trades within a few percent of the GLS average fair value of 23.85 (4.4% below fair value, data as of 5 Nov 2026).
What is the Wheel Score of MGNI and what does it mean?
MGNI scores 31 out of 100 (Weak) - it fails Wheel Trade Filter 7. 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 MGNI?
23.85 per share as of 5 Nov 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?
No upcoming earnings date is recorded for MGNI in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does MGNI have listed options, and how liquid are they?
Yes. The nightly snapshot found 104 listed contracts with 60,257 open interest across all expiries and implied volatility of 93% 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.