RingCentral, Inc.
$3.84B- Market cap
- $2.72B
- Debt
- +$1.25B
- Cash
- −$132.56M
Capital structure 68% equity / 32% debt · EV / Revenue 1.53x · EV / EBITDA 11.55x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt cap
Decision snapshot: RNG stock price vs MGEE: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at MGEE's multiple
Needs MGEE P/E.
Implied fair value · at RNG's multiple
Needs RNG P/E.
Metric by metric
Snapshot Sep 4, 4:00 PM ET
Where each company leads, and how wide the gap is.
Higher is better
Pricing power
Operating leverage
Lower is better
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: RNG FY 2025 (ended Dec 31, 2025) · MGEE FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 68% equity / 32% debt · EV / Revenue 1.53x · EV / EBITDA 11.55x
Capital structure 78% equity / 22% debt · EV / EBITDA 16.37x
RNG carries the larger enterprise value at $3.84B against $3.63B; RNG trades on the lower EV / EBITDA multiple (11.55x vs 16.37x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
RingCentral, Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
MGE Energy, Inc. · implied price per share
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
-2.13x
0.62x
Net debt / EBITDA
Leverage against operating earnings
3.37x
3.56x
Cash and equivalents
Liquid reserves on the balance sheet
$132.56M
$23.57M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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