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Nebius Group (NBISN) Fair Value & Analysis

Communication Services · MX · Market cap 787B MXN

NG Nebius Group NBISN · MX
Price3,702 MXN
Fair Value3,443 MXN
Upside-7.0%
Quality54/100

Strengths

Highly profitable · 93.1% net margin

Risks

!Expensive Growth
!Moderate debt · negative free cash flow
!Narrow moat 39/100
!Evidence only medium, so the estimate is less certain
Expensive Growth
Highly profitable · 93.1% net margin
Moderate debt · negative free cash flow
Narrow moat 39/100
Evidence: Medium Range 3,443 MXN – 3,443 MXN Share as image

Fair value as of: Aug 23, 2026

From 9 valuation models · updated today

Fair value updated Aug 23, 2026, revised from 12.06 MXN to 3,443 MXN (+28,449.2%) since Aug 13, 2026. Share price −2.7% over the past month.

A solid business, currently priced close to our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (3,443 MXN). The favourable scenario is already priced in.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
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Price vs Fair Value (18 months)

5,000 MXN 420.00 MXN Fair Value 3,443 MXN Feb 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

18‑month range 420.00 MXN – 5,000 MXN · the 3,702 MXN price screens above the 3,443 MXN fair value. Dashed = 300-day average. As of Aug 23, 2026.

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Analysis

Nebius Group (NBISN) currently trades at 3,702 MXN, while our model-based Fair Value estimate is 3,443 MXN, implying the stock looks roughly 7.0% fairly valued today. The Quality Score stands at 54/100 (solid quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Nebius Group generated revenue of 878M MXN at a net margin of 93.1%. It earns a return on equity of 14.1%. Net debt stands at 450M MXN. The stock trades on a trailing P/E of 65.4 (as of Jul 18, 2026). Fundamentals as of Aug 23, 2026

The share trades about 24% below its 52-week high and 349% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -8% fair-value upside, at -7%, NBISN screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth-Adj P/E 2,980 MXN 4,258 MXN 5,537 MXN 68
P/E Multiple 1,513 MXN 2,015 MXN 2,520 MXN 63
Residual Income 3,624 MXN 3,443 MXN 2,728 MXN 61
All 9 models by family
Earnings-Based
Graham-Dodd 624.45 MXN 4,347 MXN 6,100 MXN 54
Lynch FV 2,246 MXN 3,208 MXN 4,170 MXN 50
PEG = 1.0 2,246 MXN 3,208 MXN 4,170 MXN 46
Multiples
P/E Multiple 1,513 MXN 2,015 MXN 2,520 MXN 63
P/S Multiple 1,168 MXN 1,557 MXN 1,947 MXN 58
P/B Multiple 1,168 MXN 1,557 MXN 1,947 MXN 55
Asset-Based
NCAV (Graham) 2,552 MXN 3,421 MXN 5,103 MXN 50
Economic Profit
Residual Income 3,624 MXN 3,443 MXN 2,728 MXN 61
Growth Earnings
Growth-Adj P/E 2,980 MXN 4,258 MXN 5,537 MXN 68

Widest divergence: Growth Earnings (4,258 MXN) versus Multiples (1,557 MXN). Highest evidence: Growth-Adj P/E (68).

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Key figures & financial health

Revenue (TTM) 878M MXN
Revenue growth (YoY) +684%
Net margin 93.1%
Return on equity 14.1%
Free cash flow −3.7B MXN FY2025
P/E ratio 65.4 as of Jul 18, 2026
More key figures
Operating margin -32.1%
EPS (TTM) 47.43 MXN
Net debt 450M MXN FY2025

Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 54 · Market factors (momentum, volatility) 65

Profitability 23
Margins and returns on capital today
Quality Growth 90
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 38
Disciplined investing over empire-building
Low Volatility 15
Calm price path (market factor)
Momentum 88
Price trend over the last 3–12 months (market factor)
52W Momentum 83
Distance to the 52-week high (market factor)
Net Issuance 53
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Nebius Group N.V., a technology company, engages in building full-stack infrastructure to service the global AI industry in the United States, the United Kingdom, and internationally. It offers Nebius builds full-stack infrastructure for AI, including large-scale GPU clusters, cloud platforms, and tools and services for developers.

Full company description

Nebius Group N.V., a technology company, engages in building full-stack infrastructure to service the global AI industry in the United States, the United Kingdom, and internationally. It offers Nebius builds full-stack infrastructure for AI, including large-scale GPU clusters, cloud platforms, and tools and services for developers. The company also provides TripleTen, an edtech platform for re-skilling individuals for careers in technolgy; and Avride, which develops autonomous driving technology for self-driving cars and delivery robotics. It has a strategic alliance with NVIDIA Corporation to support the expansion of the company's AI cloud infrastructure. The company was formerly known as Yandex N.V. and changed its name to Nebius Group N.V. in August 2024. Nebius Group N.V. was founded in 1989 and is based in Schiphol, the Netherlands.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nebius Group reported revenue of 530M MXN in FY2025 versus 4.8B MXN in FY2021, a compound −42.3%/yr. Reported net income was 82.5M MXN in FY2025.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
530M MXN
Latest YoY
+479.0%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+239.8%
Revenue −42.3%/yr
FY21 4.8B MXN
FY22 13.5M MXN
FY23 9.8M MXN
FY24 91.5M MXN
FY25 530M MXN
Net income
FY21 −197M MXN
FY22 746M MXN
FY23 241M MXN
FY24 −641M MXN
FY25 82.5M MXN

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Cite: Fair Value Calculator (2026). "Nebius Group Fair Value". https://www.fairvalue-calculator.com/stock/NBISN

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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Frequently asked questions

Is Nebius Group (NBISN) overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of 3,443 MXN versus a price of 3,702 MXN, about −7% (fairly valued).
What is the fair value of NBISN?
Our model-based fair value for Nebius Group is 3,443 MXN (as of Aug 23, 2026), built from audited fundamentals. The current price: 3,702 MXN.
What is the quality score of NBISN?
Nebius Group has a Quality Score of 54/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Nebius Group (NBISN)?
Nebius Group reported trailing-twelve-month revenue of about 878M MXN (latest available figure, as of Aug 23, 2026).
What is the net profit margin of NBISN?
The net profit margin of Nebius Group is about 93.1%, meaning it keeps roughly 93.1% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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