Magnite, Inc. (MGNI) Financial Ratios
15 years of historical data (2011–2025) · Communication Services · Advertising Agencies
EV/EBITDA
↓
16.80
↓-34% vs avg
5yr avg: 25.35
30Y Low11.0·High79.9
P/FCF
↓
11.56
↓-14% vs avg
5yr avg: 13.48
30Y Low6.8·High35.5
P/B Ratio
↓
2.23
-7% vs avg
5yr avg: 2.41
30Y Low0.6·High7.8
ROE
↑
17.1%
↓+612% vs avg
5yr avg: -3.3%
30Y Low-98%·High17%
Debt/EBITDA
↓
2.86
↓-60% vs avg
5yr avg: 7.13
30Y Low0.9·High12.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MGNI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Magnite, Inc. trades at 14.1x earnings, 100% below its 5-year average of 11705.5x, sitting at the 0th percentile of its historical range. Compared to the Communication Services sector median P/E of 15.2x, the stock trades at a discount of 8%. On a free-cash-flow basis, the stock trades at 11.6x P/FCF, 14% below the 5-year average of 13.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.9B | $2.5B | $2.3B | $1.3B | $1.4B | $2.4B | $3.0B | $429M | $187M | $91M | $346M |
| Enterprise Value | $1.6B | $2.2B | $2.5B | $1.6B | $1.9B | $3.0B | $2.9B | $363M | $107M | $15M | $197M |
| P/E Ratio → | 14.09 | 17.08 | 99.50 | — | — | 35000.00 | — | — | — | — | — |
| P/S Ratio | 2.68 | 3.50 | 3.50 | 2.06 | 2.44 | 5.09 | 13.40 | 2.74 | 1.50 | 0.59 | 1.24 |
| P/B Ratio | 2.23 | 2.71 | 3.04 | 1.82 | 1.78 | 2.71 | 7.78 | 3.84 | 1.59 | 0.56 | 1.16 |
| P/FCF | 11.56 | 15.07 | 11.55 | 6.80 | 9.50 | 24.47 | — | 35.50 | — | — | 12.96 |
| P/OCF | 8.11 | 10.57 | 9.94 | 5.95 | 7.31 | 18.84 | — | 13.42 | — | 4.24 | 5.76 |
P/E links to full P/E history page with 30-year chart
MGNI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Magnite, Inc.'s enterprise value stands at 16.8x EBITDA, 34% below its 5-year average of 25.3x. The Communication Services sector median is 8.7x, placing the stock at a 93% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.11 | 3.69 | 2.51 | 3.28 | 6.33 | 13.06 | 2.32 | 0.86 | 0.09 | 0.71 |
| EV / EBITDA | 16.80 | 22.76 | 22.47 | 18.14 | 18.35 | 45.03 | — | 79.89 | — | — | 11.01 |
| EV / EBIT | 16.80 | — | 46.02 | — | — | — | — | — | — | — | — |
| EV / FCF | — | 13.41 | 12.17 | 8.30 | 12.79 | 30.41 | — | 30.01 | — | — | 7.36 |
MGNI Profitability
Margins and return-on-capital ratios measuring operating efficiency
Magnite, Inc. earns an operating margin of 13.7%. Operating margins have expanded from -25.0% to 13.7% over the past 3 years, signaling improving operational efficiency. ROE of 17.1% indicates solid capital efficiency. ROIC of 9.5% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 62.7% | 62.7% | 61.3% | 33.9% | 46.8% | 56.9% | 64.9% | 63.3% | 51.9% | 63.5% | 73.7% |
| Operating Margin | 13.7% | 13.7% | 7.6% | -25.0% | -19.5% | -17.3% | -24.5% | -17.6% | -51.0% | -100.9% | -8.9% |
| Net Profit Margin | 20.3% | 20.3% | 3.4% | -25.7% | -22.6% | 0.0% | -24.1% | -16.3% | -49.6% | -99.5% | -6.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.1% | 17.1% | 3.1% | -21.3% | -15.6% | 0.0% | -21.7% | -22.2% | -43.7% | -66.7% | -6.3% |
| ROA | 4.8% | 4.8% | 0.8% | -5.9% | -4.8% | 0.0% | -8.0% | -6.7% | -16.6% | -34.3% | -3.4% |
| ROIC | 9.5% | 9.5% | 4.1% | -10.3% | -6.2% | -6.9% | -23.1% | -49.8% | -76.0% | -98.9% | -12.0% |
| ROCE | 7.3% | 7.3% | 3.9% | -10.8% | -6.9% | -7.7% | -19.9% | -22.4% | -44.6% | -67.1% | -8.5% |
MGNI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Magnite, Inc. carries a Debt/EBITDA ratio of 2.9x, which is moderately leveraged (18% below the sector average of 3.5x). The company holds a net cash position — cash of $553M exceeds total debt of $279M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 5.2x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.30 | 0.30 | 0.79 | 0.86 | 1.03 | 0.92 | 0.11 | 0.20 | — | — | — |
| Debt / EBITDA | 2.86 | 2.86 | 5.56 | 7.07 | 7.88 | 12.30 | — | 4.96 | — | — | — |
| Net Debt / Equity | — | -0.30 | 0.16 | 0.40 | 0.62 | 0.66 | -0.20 | -0.59 | -0.68 | -0.47 | -0.50 |
| Net Debt / EBITDA | -2.81 | -2.81 | 1.15 | 3.27 | 4.72 | 8.79 | — | -14.61 | — | — | -8.36 |
| Debt / FCF | — | -1.66 | 0.62 | 1.49 | 3.29 | 5.94 | — | -5.49 | — | — | -5.59 |
| Interest Coverage | 5.16 | 5.16 | 1.89 | -4.79 | -3.85 | -4.08 | — | — | — | — | — |
Net cash position: cash ($553M) exceeds total debt ($279M)
MGNI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.02x means Magnite, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.09x to 1.02x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.02 | 1.02 | 1.14 | 1.09 | 1.18 | 1.14 | 1.16 | 1.17 | 1.25 | 1.40 | 1.79 |
| Quick Ratio | 1.02 | 1.02 | 1.14 | 1.09 | 1.18 | 1.14 | 1.16 | 1.17 | 1.25 | 1.40 | 1.79 |
| Cash Ratio | 0.30 | 0.30 | 0.32 | 0.23 | 0.29 | 0.22 | 0.23 | 0.33 | 0.37 | 0.59 | 0.87 |
| Asset Turnover | — | 0.23 | 0.23 | 0.23 | 0.21 | 0.17 | 0.24 | 0.40 | 0.35 | 0.41 | 0.54 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 665.61 | 655.55 | 692.81 | 617.65 | 722.95 | 776.79 | 507.71 | 602.11 | 389.28 | 251.97 |
MGNI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Magnite, Inc. returns 0.2% to shareholders annually primarily through share buybacks. The earnings yield of 7.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.1% | 5.9% | 1.0% | — | — | 0.0% | — | — | — | — | — |
| FCF Yield | 8.7% | 6.6% | 8.7% | 14.7% | 10.5% | 4.1% | — | 2.8% | — | — | 7.7% |
| Buyback Yield | 0.2% | 0.2% | 0.6% | 0.0% | 1.1% | 0.3% | 0.3% | 0.0% | 0.9% | 0.0% | 1.8% |
| Total Shareholder Yield | 0.2% | 0.2% | 0.6% | 0.0% | 1.1% | 0.3% | 0.3% | 0.0% | 0.9% | 0.0% | 1.8% |
| Shares Outstanding | — | $154M | $147M | $137M | $133M | $136M | $97M | $53M | $50M | $49M | $47M |
Peer Comparison
Compare MGNI with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MGNIYou | $2B | 14.1 | 16.8 | 11.6 | 62.7% | 13.7% | 17.1% | 9.5% | 2.9 |
 PUBM | $477M | -32.7 | — | 7.1 | 63.6% | -6.1% | -5.4% | -6.8% | — |
 DV | $2B | 37.2 | 12.1 | 10.5 | 82.2% | 10.6% | 4.6% | 6.4% | 0.7 |
 IAS | $2B | 45.0 | 13.7 | 22.4 | 78.5% | 11.4% | 3.9% | 4.6% | 0.5 |
 CRTO | $916M | 8.3 | 3.1 | 5.1 | 50.8% | 7.8% | 10.2% | 12.7% | 0.4 |
 TTD | $11B | 26.4 | 15.9 | 14.3 | 78.6% | 20.3% | 16.3% | 21.3% | 0.6 |
 APP | $144B | 48.1 | 33.5 | 36.4 | 87.9% | 75.8% | 206.8% | 87.8% | 0.8 |
 APPS | $476M | -4.5 | 29.6 | — | 45.0% | -11.0% | -50.1% | -7.4% | 14.5 |
 KXIN | $5M | -0.1 | — | — | — | — | -102.3% | -36.0% | — |
 VNET | $3B | 93.1 | 15.5 | — | 22.2% | 8.1% | 2.7% | 2.4% | 8.3 |
 STGW | $2B | 58.2 | 7.9 | 6.6 | 36.5% | 5.5% | 3.7% | 5.2% | 4.0 |
| Communication Services Median | — | 15.2 | 8.7 | 11.6 | 49.1% | 1.0% | 2.4% | 3.3% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonMGNI — Frequently Asked Questions
Quick answers to the most common questions about buying MGNI stock.
What is Magnite, Inc.'s P/E ratio?
Magnite, Inc.'s current P/E ratio is 14.1x. The historical average is 58.3x.
What is Magnite, Inc.'s EV/EBITDA?
Magnite, Inc.'s current EV/EBITDA is 16.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 30.2x.
What is Magnite, Inc.'s ROE?
Magnite, Inc.'s return on equity (ROE) is 17.1%. The historical average is -24.0%.
Is MGNI stock overvalued?
Based on historical data, Magnite, Inc. is trading at a P/E of 14.1x. Compare with industry peers and growth rates for a complete picture.
What are Magnite, Inc.'s profit margins?
Magnite, Inc. has 62.7% gross margin and 13.7% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Magnite, Inc. have?
Magnite, Inc.'s Debt/EBITDA ratio is 2.9x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.