Historical Valuation
The9 Ltd (NCTY) is now in the Overvalued zone, suggesting that its current forward PS ratio of 13.96 is considered Overvalued compared with the five-year average of -0.08. The fair price of The9 Ltd (NCTY) is between 4.87 to 6.50 according to relative valuation methord. Compared to the current price of 6.62 USD , The9 Ltd is Overvalued By 1.88%.
Relative Value
Fair Zone
4.87-6.50
Current Price：6.62
1.88%
Overvalued
P/E
EV/EBITDA
EV/EBIT
P/S
P/OCF
P/FCF
1Y
3Y
5Y
Trailing
Forward
The9 Ltd (NCTY) has a current Price-to-Book (P/B) ratio of 2.61. Compared to its 3-year average P/B ratio of 1.33 , the current P/B ratio is approximately 95.71% higher. Relative to its 5-year average P/B ratio of 1.09, the current P/B ratio is about 139.55% higher. The9 Ltd (NCTY) has a Forward Free Cash Flow (FCF) yield of approximately -5.00%. Compared to its 3-year average FCF yield of -27.94%, the current FCF yield is approximately -82.10% lower. Relative to its 5-year average FCF yield of -28.01% , the current FCF yield is about -82.14% lower.
P/B
Median3y
1.33
Median5y
1.09
FCF Yield
Median3y
-27.94
Median5y
-28.01
Competitors Valuation Multiple
AI Analysis for NCTY
The average P/S ratio for NCTY competitors is 1.19, providing a benchmark for relative valuation. The9 Ltd Corp (NCTY.O) exhibits a P/S ratio of , which is -100% above the industry average. Given its robust revenue growth of %, this premium appears unsustainable.
Performance Decomposition
AI Analysis for NCTY
1Y
3Y
5Y
Market capitalization of NCTY increased by 0.00% over the past 1 year. The primary factor behind the change was an decrease in Unknown from 0.00 to 0.00.
The secondary factor is the Unknown, contributed 0.00%to the performance.
Overall, the performance of NCTY in the past 1 year is driven by Unknown.
People Also Watch
Frequently Asked Questions
Is NCTY currently overvalued or undervalued?
The9 Ltd (NCTY) is now in the Overvalued zone, suggesting that its current forward PS ratio of 13.96 is considered Overvalued compared with the five-year average of -0.08. The fair price of The9 Ltd (NCTY) is between 4.87 to 6.50 according to relative valuation methord. Compared to the current price of 6.62 USD , The9 Ltd is Overvalued By 1.88% .
What is The9 Ltd (NCTY) fair value?
NCTY's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of The9 Ltd (NCTY) is between 4.87 to 6.50 according to relative valuation methord.
How does NCTY's valuation metrics compare to the industry average?
The average P/S ratio for NCTY's competitors is 1.19, providing a benchmark for relative valuation. The9 Ltd Corp (NCTY) exhibits a P/S ratio of , which is -100.00% above the industry average. Given its robust revenue growth of %, this premium appears unsustainable.
What is the current P/B ratio for The9 Ltd (NCTY) as of Jan 10 2026?
As of Jan 10 2026, The9 Ltd (NCTY) has a P/B ratio of 2.61. This indicates that the market values NCTY at 2.61 times its book value.
What is the current FCF Yield for The9 Ltd (NCTY) as of Jan 10 2026?
As of Jan 10 2026, The9 Ltd (NCTY) has a FCF Yield of -5.00%. This means that for every dollar of The9 Ltd’s market capitalization, the company generates -5.00 cents in free cash flow.
What is the current Forward P/E ratio for The9 Ltd (NCTY) as of Jan 10 2026?
As of Jan 10 2026, The9 Ltd (NCTY) has a Forward P/E ratio of -0.02. This means the market is willing to pay $-0.02 for every dollar of The9 Ltd’s expected earnings over the next 12 months.
What is the current Forward P/S ratio for The9 Ltd (NCTY) as of Jan 10 2026?
As of Jan 10 2026, The9 Ltd (NCTY) has a Forward P/S ratio of 13.96. This means the market is valuing NCTY at $13.96 for every dollar of expected revenue over the next 12 months.