NYSE: RNG · Application Software
RingCentral (RNG) fair value: undervalued or overvalued?
As of 31 Oct 2026, Faircurve's model values RingCentral (RNG) at $91.89 a share. The stock last closed at $74.33, which puts the model's fair value 23.6% above the price. On the model's bands that reads as Undervalued.
Revalued . Price is the close of 5 Nov 2026. RingCentral, Inc.
The report adds the live price, the chart against the range the options market prices, the next earnings date and the analysts' consensus. No account needed.
This week, in three parts
What happenedThe run of 31 Oct 2026 moved the fair value from $96.50 to $91.89 (-4.8%). The model shifted weight between the company's own multiple and its peers': most of the move.
What the model makes of itThe price of $74.33 is 23.6% below it: Undervalued, on a medium evidence grade.
What's nextNext report on 18 Feb 2027. Options prices imply a move of about 18% either way over the next month. On the model's Earnings Momentum list since 15 Oct 2026 (a strategy with a proving record). The next weekly run is on Saturday 7 Nov 2026.
What price range does the model give RNG?
The calibrated range for RNG over 63 trading days is $61.52 to $93.77. It sits around the last close, and its width comes from the volatility that RNG's own options imply (64% a year), calibrated weekly against realised prices (n = 6,661 past valuations, refreshed 31 Oct 2026). Ranges built this way held the price 60% of the time at this horizon. The fair value is the model's opinion and rides beside the range. It is not the centre of it.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $60.49 to $135.99. In 59% of the simulations the fair value came out above the price the model ran on.
Faircurve Insights · 31 Oct 2026
RingCentral, Inc. (RNG) is a technology company in application software. It delivers cloud-based software-as-a-service (SaaS) solutions to businesses across North America, helping them communicate, collaborate and connect.
Faircurve's model put RingCentral's fair value at $91.89 a share on 31 Oct 2026, the midpoint of 2,000 simulations. The previous run, on 24 Oct 2026, gave $96.50, a move of -4.8%. The model says most of the move came from shifting weight between the company's own multiple and its peers'. The calibrated range over 63 trading days is $61.52 to $93.77. Ranges built this way held the price 60% of the time at this horizon, based on 6,661 past valuations. The evidence grade is Medium. It reflects how complete the inputs are, how many comparable companies there are and how wide the range of outcomes is. It does not say whether the fair value is right.
The model's overall quality score for RingCentral is 43 out of 100, measured against comparable companies. Profitability is the strongest factor at 72, with ROIC of 18.2% against a peer median of 7.2%. Earnings quality scores 12, with free cash flow to net income of 1.03x against a peer median of 1.84x. Stability scores 1, with five-year EBITDA margin downside volatility of 13.3 points against a peer median of 3.5 points. The model compares the company with Lyft, Duolingo, Dolby Laboratories, Pegasystems, Commvault Systems, AppFolio, Clear Secure and InterDigital.
Written from the figures on this page for the 31 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
The Global Pulse
Faircurve's note after each US session, in your inbox. No account needed.
When does RNG report earnings, and how has the stock reacted?
RingCentral's next earnings report is scheduled for 18 Feb 2027. Companies can move their dates.
Options prices on 5 Nov 2026 imply a move of about 8.5% in either direction through the nearest expiry, about 7 days out. That is the size the market is pricing, not a direction. RNG's 30 day implied volatility works out to about 18.4% over one month.
Around its last 8 reports: what the options market priced, and what followed
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across RNG's last 8 reports, ignoring direction, was 8.8%.
What the options market has priced for a month's move in RNG
How does RNG score on business quality?
RingCentral's overall quality score is 43 out of 100. Each factor below is a score against comparable companies, not a percentile of the metric beside it.
| Factor | Score (0 to 100) | Headline measure | Peer median |
|---|---|---|---|
| ProfitabilityReturn on invested capital against the peer group, with a bonus for an improving trend. | 72 | 18.2%ROIC | 7.2% |
| Earnings qualityHow much of reported profit is cash: free cash flow to net income, and the accrual ratio (the share of earnings that is not cash). | 12 | 1.03xFCF / net income | 1.84x |
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analysts' rating changes. | 38 | 4.8%Revenue growth, trailing | 10.4% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 67 | 5.8%Net buybacks / market value | 2.2% |
| Balance sheetNet debt to EBITDA and interest coverage. | 48 | 2.18xNet debt / EBITDA | 1.42x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 1 | 13.3 ptsEBITDA margin downside volatility, 5y | 3.5 pts |
How does RNG compare with similar companies?
The companies in application software closest to RingCentral in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| LYFT Lyft, Inc. | $17.84 | $16.59 | -7.0% | Fairly valued |
| DUOL Duolingo, Inc. | $157.02 | $126.57 | -19.4% | Overvalued |
| DLB Dolby Laboratories, Inc. | $64.82 | $63.30 | -2.3% | Fairly valued |
| PEGA Pegasystems Inc. | $33.57 | $42.02 | +25.2% | Undervalued |
| CVLT Commvault Systems, Inc. | $157.62 | $163.57 | +3.8% | Fairly valued |
| APPF AppFolio Inc. | $233.22 | $228.86 | -1.9% | Fairly valued |
| YOU Clear Secure, Inc. | $56.50 | $45.00 | -20.4% | Overvalued |
| IDCC InterDigital, Inc. | $286.53 | $328.39 | +14.6% | Fairly valued |
What the comparable companies' multiples alone would give for RNG, the peer-implied price, is $121.97 a share on this run. The fair value weighs that against the company's own multiple.
RingCentral at a glance
RingCentral, Inc. delivers sophisticated cloud-based software-as-a-service (SaaS) solutions designed to empower businesses across North America to communicate, collaborate, and connect seamlessly.
- Market value
- $6.1B
- Sector
- Technology
- Industry
- Application Software
- Revenue expected, next twelve months
- $2.8B
- Consensus revenue growth, next fiscal year
- +5.5%
- Analysts with estimates
- 8
- Beta to the US market
- 1.18
- First valued by Faircurve
- 11 Jul 2026
At the close of 5 Nov 2026, 55.1% of the 1,060 graded US stocks the model covers traded below the model's fair value. RNG was among them.
How the fair value is worked out: the model prices RingCentral on the value of the whole business, debt included, against the operating profit analysts expect next year (forward EV/EBITDA), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 24 Oct 2026 the model's fair value for RNG was $96.50. As of 31 Oct 2026 it is $91.89, a change of -4.8%. The model shifted weight between the company's own multiple and its peers': most of the move. The model revalues every stock it covers each week, and again after an earnings report.
Questions about RingCentral's valuation
Is RingCentral stock undervalued or overvalued?
On Faircurve's model, RNG reads as Undervalued as of 31 Oct 2026. The model's fair value is $91.89 a share against a last close of $74.33, a gap of +23.6%.
What is RNG's fair value?
$91.89 a share as of 31 Oct 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $60.49 to $135.99.
What price range does the model give RNG?
$61.52 to $93.77 over 63 trading days. Ranges built this way held the price 60% of the time across 6,661 past valuations, refreshed 31 Oct 2026.
When does RingCentral report earnings next?
The next report is scheduled for 18 Feb 2027. Companies can move their dates.
How much has RNG moved on past earnings reports?
Across its last 8 reports the median two session move was 8.8%, ignoring direction. The largest was +33.6% around the report of 19 Feb 2026.
How confident is the model in this valuation?
The model's evidence grade for RNG is medium. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It is not a probability that the fair value is right, or that the price reaches it.
The model's own ideas on RNG
The model has an idea open on RNG under Earnings Momentum since 15 Oct 2026, a strategy with a proving record. Signed-in readers see the rule each idea runs on, the floor and the exit level the model set and its time limit, and the model's closed ideas on RNG with their outcomes. A free account is enough.