AMC Networks is a unique asset so it is hard to value the spin-off on a relative basis to other companies within its industry. The closest business would be Discovery Communications (DISCA). Currently, Discovery Communications trades at 10.7 x EBITDA ttm the same 10x mulitple would give AMC Networks a $4.07 billion market capitalization which is about $56 per share. AMC Networks currently trades at $37 per share.
