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RBLX
ACCE-researched

Roblox Corporation Class A Common Stock (RBLX) fair value

Communication Services · Electronic Gaming & Multimedia · NYSE · United States
$52.89-1.98%
Market cap $37.8BNext earnings 2026-10-29Updated Oct 19, 2026
Add earnings to calendarGoogle
Our verdict
Trades 9% below our fair value
Price
$52.89
Model fair valueConfidence: medium
$57.95
Only one of our models could value this stock with confidence, so use it as a guide.
Not used by alerts or posts.
Valued as a growth company: Discounted cash flow.
ACCE opinionRoblox Corporation Class A Common Stock (RBLX)
Fair value
Not available
ACCE price target
$47.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 21 Sept 2026, 00:00 CEST.
Price used: $52.89 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
37
out of 100
Analysts
50% buy
34 covering
1-year return
-59.1%
Dividend yield
0.00%

Roblox Corporation Class A Common Stock in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Roblox runs a user-generated 3D platform where creators build games on its Roblox Studio tools and earn through its Robux virtual currency, with the bulk of revenue coming from in-experience purchases by its large base of players. Its structural advantage is the network effect of a creator economy: more developers attract more players, which draws in more creators, and the company keeps a share of every transaction. Revenue growth of 35.9% is the headline strength, but the business is still loss-making, with a -13.3% operating margin and a 25.7% gross margin, and the -432.3% ROE reflects a thin equity base rather than a usable return on capital. With no P/E on current earnings and no index membership, the stock is priced on growth and the path to margin expansion, not on profit. The composite score of 31/100 says the quantitative profile is weak, so the case rests on whether operating leverage arrives as revenue scales. That is worth a deeper look only if the reader is comfortable underwriting that margin turn.

AI-assisted·How I use AIWritten Oct 13, 2026
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
  • high
    Profitability collapse and negative earnings
    Net margin -17.6%, ROE -432.3%, and forward P/E -38.5 signal the company is unprofitable. Revenue growth of 35.9% YoY is not translating to earnings.
  • high
    Sequential revenue deceleration
    QoQ revenue declined 10.1% despite 35.9% YoY growth, suggesting momentum loss or seasonal weakness in the most recent quarter.
  • high
    Extreme leverage and negative equity
    Debt/Equity ratio of 14.23 is severe. Negative ROE and negative earnings imply shareholders' equity is eroding, raising solvency concerns.
  • moderate
    Insider selling pressure
    Last 10 disclosed transactions show $4.92M in insider sales and $0.00M in buys. Absence of insider buying during a recovery phase is a weak signal.

AI research notes

AI-assisted·How I use AIWritten Oct 11, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
  • Revenue grew 35.9% year over year with a 33.2% five-year average, showing sustained high-growth momentum.
  • Free cash flow of 1.5B over the last 12 months provides a 4.3% yield at current prices.
  • Latest earnings beat expectations by 21.2%, with 49% of analysts rating the stock Buy or Strong Buy.
Why it could disappoint
  • Net margin of -17.6% and ROE of -432.3% show the company destroys shareholder value on a GAAP basis.
  • Debt to equity of 14.23 combined with 6.5% annual share dilution signals heavy reliance on leverage and equity issuance.
  • Analyst mean price target of 48.97 is only 1.8% above current price, offering minimal upside at current valuation.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.

Next results

Oct 29, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

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Valuation

INVESTOR
Where RBLX's valuation models land
Price
$52.89
Model fair valueConfidence: medium
$57.95
Model
Fair value
Upside
Discounted cash flow
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

Mixed50% buy · 34 covering analysts
● Strong buy 13● Buy 4● Hold 14● Sell 0● Strong sell 3
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
Do politicians beat the market? Our backtest →
Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Press releases mentioning this company

Recent performance

1 week
+6.7%
1 month
+8.0%
3 months
+11.2%
6 months
-5.7%
YTD
-34.7%
1 year
-59.1%

SEC filings

Recommendation history, last 12 months

DateTypeNewPreviousPrice
21 Sept 2026, 00:00 CESTACCE price target$47.00first publication$47.82

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth64Value22Quality21Momentum40Total37
Valuation
Trailing P/E
no data
Forward P/E
-42.3x
PEG
no data
P/B
230.25x
EV / Revenue
5.9x
Book value/sh
$0.21
Enterprise value
$33.8B
Profitability
ROE
-432.3%
FCF yield
3.60%
ROIC
-39.7%
Health and risk
Debt / equity
4.57
Dividend yield
0.00%
Beta
1.47

Price

-58.6% · 1Y

Ask anything about RBLX

Answered from Roblox Corporation Class A Common Stock fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
ROEbetter than 0% of peers
low -432%-432%high 21%
Div yieldbetter than 17% of peers
low 0.0%0.0%high 2.5%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
RBLX Roblox Corporation Class A Common Stock$52.89----432.3%2137
TTWO Take-Two Interactive Software Inc. Common Stock$207.81----9.0%3429
EA Electronic Arts Inc. Common Stock$209.70$11090% above49.0x16.5%8788
7974.T Nintendo¥8699.00¥515669% above21.2x14.9%5148
9766.T Konami Group Corporation¥25175.00--21.0x21.2%9180
9999.HK NetEase, Inc.HK$181.80HK$28536% below16.2x20.4%9561
NTES NetEase Inc. American Depositary Shares$118.67$1144% above16.5x20.4%9563

Sector report card

Where RBLX ranks against its sector peers on each metric.

Computing percentiles…
  • GlobeNewswire•Oct 13, 2026
    HeadCount Pioneering Civic Engagement Campaign Launched on Discord in Partnership with Super League Targeting 5 Million Hard-to-Reach Gen Z Gamers Ahead of 2026 Midterms
  • Business Wire•Oct 12, 2026
    e.l.f. Cosmetics Launches its First Virtual Styling Experience on ZEPETO: "Express Your e.l.f."
  • Business Wire•Oct 8, 2026
    Roblox to Report Third Quarter 2026 Financial Results on October 29, 2026
5 more press releases · full archive on Investor+.INVESTOR
40 filings
October 2026
Oct 6
Form 4Insider transactionPeriod 2026-10-05
View on SEC →
Oct 2
Form 4Insider transactionPeriod 2026-10-01
View on SEC →
September 2026
Sep 9
Form 4Insider transactionPeriod 2026-09-08
View on SEC →
37 more filings + AI summaries on Investor+.INVESTOR