Magnite Inc (MGNI) is overvalued and Stagwell Inc (STGW) is slightly undervalued.
Against our estimates of intrinsic value, STGW trades at the wider discount: a margin of safety of +18%, against -32% for MGNI.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 13.7% (average of 3 methods) values the shares at $18.84; the price of $24.80 is 32% above that value, and 64% of that value comes from beyond year five.
Leak Score 27/100 on 3 of 12 signals
Discounting its cash flows at 8.4% (average of 3 methods) values the shares at $10.43; the price of $8.51 is 18% below that value, and 78% of that value comes from beyond year five.
Leak Score 50/100 on 9 of 12 signals
| Metric | MGNI | STGW |
|---|---|---|
| Verdict | Overvalued | Slightly undervalued |
| Price | $24.80 | $8.51 |
| Intrinsic value | $18.84 | $10.43 |
| Margin of safety | -32% | +18% |
| Leak Score | 27/100 (3/12) | 50/100 (9/12) |
| Market cap | $3.6B | $2.1B |
| Revenue growth, 5 years | 26.4% | 26.7% |
| Operating margin | 15.7% | 4.5% |
| Net margin | 22.5% | 0.5% |
| Return on equity | 19.6% | 2.3% |
| Debt to equity | 0.45 | 2.55 |
| P/E | 22.7x | 144.2x |
| Forward P/E | 18.4x | 6.9x |
| P/B | 3.8x | 3.1x |