Stock fact sheet · data as of
Reading International, Inc. (RDI): fair value, margin of safety and Wheel Score
Communication Services · Entertainment · United States · Speculative / Distressed
Is RDI undervalued?
Reading International, Inc. (RDI) closed at 1.76 on 16 Oct 2026. The GLS average fair value - the simple average of the 2 valuation models that produced a positive number - is 18.49, which puts the price 90% 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 / Distressed - negative earnings or a Piotroski score of 3 or less - 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 | 32.03 | +1720% | 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 | +181% | 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 | -801% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 2.40 | +36% | 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 Sunday Scan's "6 or more" rule. 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 0.8/10 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 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 8.1%.
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 | 0.8 / 10 | ROE | 77.5% |
| Debt / equity | -19.79 | ROA | -3.3% |
| Free-cash-flow yield | 8.1% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 45: Weak
With a Wheel Score of 45 Reading International, Inc. sits in the Weak band, capped at 45 because the engine files it as Speculative / Distressed. The parts - Value 25/25, Health 11/20, Moat 1/15, Premium 5/20, Stability 6/20 - show where: Moat (1/15) scores lowest.
Implied volatility is 146%, far above the range the wheel strategy is built for. The premium looks generous; the Wheel Score gives it only 5 of 20 Premium points because moves of that size can blow through any strike. Chain open interest is thin - 65 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 64k shares a day on a market cap of $62M, with a beta of 0.87; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 90% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 1 / 15 | moat 0.8/10 | |
| Premium | 5 / 20 | implied volatility 146% | |
| Stability | 6 / 20 | 64k shares/day, $62M cap, beta 0.87 |
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 12 Nov 2026 (before the open), 27 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 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 | 2.19 | 66.54 | +97% | 39No options | $57M |
| AASP Agassi Sports Entertainment Corp. | 5.10 | - | - | 23No options | $67M |
| RDIB Reading International, Inc. | 12.13 | 14.95 | +19% | 39No options | $51M |
| TGE Generation Essentials Group | 0.8499 | 5.38 | +84% | 33No options | $41M |
| CNVS Cineverse Corp. | 1.68 | - | - | 26Weak | $40M |
| CHND China Media Inc. | 1.00 | - | - | 26No options | $40M |
| CPOP Pop Culture Group Co., Ltd | 3.39 | - | - | 23No options | $39M |
| GAIA Gaia, Inc. | 1.35 | 2.68 | +50% | 45Weak | $34M |
| TOON Kartoon Studios Inc. | 0.5455 | 4.02 | +86% | 42Weak | $34M |
| ANGH Anghami Inc. | 3.27 | - | - | 28No options | $30M |
| AMCX AMC Global Media Inc. | 10.82 | 168.12 | +94% | 45Weak | $351M |
| STRZ Starz Entertainment Corp. | 25.47 | - | - | 41Weak | $436M |
⚖ Compare RDI with 7 of them All Communication Services stocks →
Screen 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 same eight-rule screen, 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 RDI
Is RDI undervalued right now?
By the GLS models, yes: at 1.76 the stock is 90% below the average fair value of 18.49 (data as of 16 Oct 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 45 out of 100 (Weak). 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 RDI?
18.49 per share as of 16 Oct 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), 27 days from the data date of 16 Oct 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 28 listed contracts with 65 open interest across all expiries and implied volatility of 146% 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.