Stock fact sheet · data as of
Reading International, Inc. (RDI): fair value, margin of safety and Wheel Score
Ticker symbol RDI · Communication Services · Entertainment · United States · Class A common stock · Speculative
RDI is Reading International, Inc.'s Class A common stock. The company also lists RDIB (Class B common stock). The classes own the same business, share the same earnings report and trade within a few cents of each other; what differs is mainly the vote each share carries - the company's annual report sets out the voting rights.
Is RDI undervalued?
Reading International, Inc. (RDI) closed at 1.68 on 5 Nov 2026. The GLS average fair value - the simple average of the 2 valuation models that produced a positive number - is 19.15, which puts the price 91% below it. 2 of the 2 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
The average is built from just 2 models (DCF, 10 Cap) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
The nightly engine files RDI under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for RDI
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 | 33.35 | +1891% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | 4.95 | +196% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| 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 | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -12.33 | -836% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 2.40 | +43% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Reading International, Inc. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 0.7/10 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 thin or negative - ROIC -4.1%, ROE 77.5%, ROA -3.3% - with debt at -19.79 times equity and a free-cash-flow yield of 8.5%.
Reading International, 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 Cinema 94%, Real Estate Revenue 6% (quarter Q2 FY2026).
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | -4.1% |
|---|---|---|---|
| GLS Moat | 0.7 / 10 | ROE | 77.5% |
| Debt / equity | -19.79 | ROA | -3.3% |
| Free-cash-flow yield | 8.5% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 28: Weak
With a Wheel Score of 28 Reading International, Inc. sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (10 open interest, 2 a day); and filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 4, financially healthy - Piotroski 5/9 (under 6); and filter 5, can repay its debt - debt with no positive cash flow to repay it; and filter 7, a premium worth selling - implied volatility 222% (over 80%); and filter 8, big enough - market cap $59M (under $1.0B); and filter 9, not a penny stock - price 1.68 (under $5); Premium (weak) is its weakest part.
Implied volatility is 222%, 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. Chain open interest is thin - 10 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 17k shares a day on a market cap of $59M, with a beta of 0.92; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (10 open interest, 2 a day) |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 5/9 (under 6) |
| 5 | Can repay its debt | Fails | debt with no positive cash flow to repay 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 222% (over 80%) |
| 8 | Big enough | Fails | market cap $59M (under $1.0B) |
| 9 | Not a penny stock | Fails | price 1.68 (under $5) |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 91% below fair value | |
| Premium | Weak | implied volatility 222% | |
| Moat | Weak | moat 0.7/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Good | Red Flags score 80/100 | |
| Option trading | Weak | 2 contracts a day, 10 open interest | |
| Stability | Fair | beta 0.92, $59M 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
Reading International, Inc. reports earnings on 12 Nov 2026 (before the open) - 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 Entertainment
The 12 companies below are the closest to Reading International, Inc. by market cap within the Entertainment 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 |
|---|---|---|---|---|---|
| LFS LEIFRAS Co., Ltd. American Depositary Shares | 2.03 | 4.56 | +56% | 34No options | $53M |
| AASP Agassi Sports Entertainment Corp. | 5.00 | - | - | 10No options | $66M |
| RDIB Reading International, Inc. | 10.57 | 20.94 | +50% | 27No options | $44M |
| CNVS Cineverse Corp. | 1.59 | - | - | 11Weak | $42M |
| CHND China Media Inc. | 1.00 | - | - | 12No options | $40M |
| CPOP Pop Culture Group Co., Ltd | 2.96 | - | - | 12No options | $34M |
| GAIA Gaia, Inc. | 1.28 | 2.81 | +54% | 23Weak | $33M |
| TOON Kartoon Studios Inc. | 0.5197 | 4.02 | +87% | 24Weak | $32M |
| ANGH Anghami Inc. | 3.55 | - | - | 12No options | $32M |
| TGE Generation Essentials Group | 0.4621 | 5.38 | +91% | 26No options | $20M |
| AMCX AMC Global Media Inc. | 8.46 | 175.42 | +95% | 41Weak | $274M |
| STRZ Starz Entertainment Corp. | 25.38 | 25.90 | +2% | 14Weak | $438M |
⚖ Compare RDI with 7 of them All Communication Services stocks →
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Start free See the Sunday ScanQuestions about RDI
What is the difference between RDI and RDIB?
RDI is Reading International, Inc.'s Class A common stock; RDIB is its Class B common stock. They own the same company and report the same earnings, so their prices move almost together. The difference is mainly the vote each share carries, set out in the annual report. For selling options either works - pick the class whose options trade more.
Is RDI undervalued right now?
By the GLS models, yes: at 1.68 the stock is 91% below the average fair value of 19.15 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of RDI and what does it mean?
RDI scores 28 out of 100 (Weak) - it fails Wheel Trade Filters 1, 2, 4, 5, 7, 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 RDI?
19.15 per share as of 5 Nov 2026 - the simple average of the 2 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 Reading International, Inc. report earnings next?
The next earnings report is due on 12 Nov 2026 (before the open), 7 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does RDI have listed options, and how liquid are they?
Yes. The nightly snapshot found 6 listed contracts with 10 open interest across all expiries and implied volatility of 222% 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.