Network18 Media & Investments Limited (NETWORK18) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Network18 Media & Investments Limited ₹18.48, price ₹25.43, upside -27.3%, quality 34 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range ₹25.43 – ₹130.95 · fair‑value band ₹12.93 – ₹20.98 · the ₹25.43 price screens above the ₹18.48 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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Network18 Media & Investments Limited engages in broadcasting, digital content, print, and allied businesses in India. The company operates business news channels, such as CNBC-TV18, CNBC Awaaz, and CNBC Bajar; general news channels, including CNN News18 and News18 India; and regional news channels comprising News18 network.
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Network18 Media & Investments Limited engages in broadcasting, digital content, print, and allied businesses in India. The company operates business news channels, such as CNBC-TV18, CNBC Awaaz, and CNBC Bajar; general news channels, including CNN News18 and News18 India; and regional news channels comprising News18 network. It also operates factual entertainment and lifestyle channels, such as HistoryTV18. In addition, the company operates digital content websites, including MoneyControl, News18.com, CNBCTV18.com, and Firstpost. Further, it publishes Forbes India and Overdrive magazines; and engages in film distribution and syndication. The company was formerly known as Network18 Fincap Private Limited and changed its name to Network18 Media & Investments Limited in December 2007. Network18 Media & Investments Limited was incorporated in 1996 and is based in Mumbai, India. Network18 Media & Investments Limited operates as a subsidiary of Reliance Industries Limited.
Stock analysis
Network18 Media & Investments Limited (NETWORK18) currently trades at ₹25.43, while our model-based Fair Value estimate is ₹18.48, 27.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹33.21 per share, and 1 of the 11 models we run sit above the ₹25.43 price.
Bear case: the Earnings-Based group reads lowest at ₹5.39, and 10 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹12.93 (bear) to ₹20.98 (bull), the price of ₹25.43 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 34/100 (below-average quality), in the Communication Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Network18 Media & Investments Limited reported revenue of ₹21.2B in FY2026 versus ₹58.8B in FY2022, a compound −22.5%/yr. Reported net income was ₹1.5B in FY2026, compounding −7.5%/yr from FY2022.
Key figures
Market cap ₹51.1B (≈ $531M) · P/E ratio 25.6 · P/S ratio 1.84 · EPS (TTM) ₹0.9900 · Net margin 7.2% · Return on equity 3.2% · Return on assets (EBIT) 0.5% · Operating margin −0.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 51% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at −3% fair-value upside, at −27%, NETWORK18 screens richer than that median.
Fair Value models
Bear ₹12.93Fair Value ₹18.48Bull ₹20.98
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹0.5018 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.14/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−69.2%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−30.1%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−14.7%
Start year 2021 (pandemic). Over 10 years: +3.3% a year
Revenue growth 19 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+10.1%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−3.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.1%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−3.1% vs 15.0%, slowing
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.15% → −4%
Compare Network18 Media & Investments Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Entertainment · 228 stocks
Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score34 · Bottom 25%
Fair Value upside−27.3% · Below median
Profitability
Return on equity (TTM)3.2% · Above median
Return on assets−0.6% · Below median
Net margin (TTM)7.2% · Above median
Operating margin (TTM)−0.2% · Below median
Growth and dividend
Revenue growth9.7% · Above median
Valuation Multiplesvs Entertainment median · lower = cheaper
P/E (TTM)25.6× · Pricier than median
P/B1.04× · Pricier than median
P/S (TTM)2.41× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 21
FUTURE (revenue growth)49· sector 28
PAST (return on equity)13· sector 5
HEALTH (low debt)100· sector 96
DIVIDEND (yield)0· sector 49
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Network18 Media & Investments Limited Fair Value". https://www.fairvalue-calculator.com/stock/NETWORK18
Frequently asked questions
Is Network18 Media & Investments Limited (NETWORK18) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹18.48 versus a price of ₹25.43, about −27% upside (overvalued).
What is the fair value of NETWORK18?
Our model-based fair value for Network18 Media & Investments Limited is ₹18.48 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹25.43.
What is the quality score of NETWORK18?
Network18 Media & Investments Limited has a Quality Score of 34/100. 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 price target for Network18 Media & Investments Limited (NETWORK18)?
Our model-based price target is the fair value of ₹18.48 (as of Sep 27, 2026) from 11 valuation models. Cautious scenario ₹12.93, optimistic scenario ₹20.98. It is a calculation from audited fundamentals, not an analyst target.
What is the Network18 Media & Investments Limited stock forecast for 2026?
Our models put fair value at ₹18.48, about −27% upside versus a price of ₹25.43 (overvalued). Cautious scenario ₹12.93, optimistic scenario ₹20.98. The calculation is refreshed regularly with new filings.
What is the revenue of Network18 Media & Investments Limited (NETWORK18)?
Network18 Media & Investments Limited reported trailing-twelve-month revenue of about ₹21.2B (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Network18 Media & Investments Limited (NETWORK18)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Network18 Media & Investments Limited it is ₹18.48 per share (as of Sep 27, 2026), against a price of ₹25.43. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Network18 Media & Investments Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, NETWORK18 trades above its calculated fair value: price ₹25.43, fair value ₹18.48, a gap of about −27% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of NETWORK18?
No. The price is what the market pays today (₹25.43); the fair value is what the company's own numbers justify (₹18.48). For Network18 Media & Investments Limited the two are ₹6.95 per share apart. That gap is exactly why we show both numbers side by side.
How much is Network18 Media & Investments Limited worth?
The market values Network18 Media & Investments Limited at about ₹51.1B (market capitalisation, as of Sep 27, 2026). Per share that is ₹25.43; our models calculate a fair value of ₹18.48 per share.
What do the bullish and bearish scenarios say about NETWORK18?
Our models span a range for Network18 Media & Investments Limited: cautious scenario ₹12.93, base ₹18.48, optimistic ₹20.98 per share (as of Sep 27, 2026, price ₹25.43). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NETWORK18?
Network18 Media & Investments Limited trades at a price-to-earnings ratio of 25.6 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹18.48 is built from several models across several years. Other multiples: P/B 1.0, P/S 2.4.
How solid is the balance sheet of Network18 Media & Investments Limited (NETWORK18)?
Balance-sheet figures for Network18 Media & Investments Limited (as of Sep 27, 2026): return on equity 3.2%. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is NETWORK18 from its 52-week high?
Network18 Media & Investments Limited trades at ₹25.43, about 51% below its 52-week high of ₹52.40 and at the low of ₹25.43 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹18.48 is for.
Which stocks are comparable to Network18 Media & Investments Limited?
From the same area (Communication Services) we also value Netflix, Inc, The Walt Disney Company, Warner Bros. Discovery, Inc, Live Nation Entertainment, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Network18 Media & Investments Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹25.43, calculated fair value ₹18.48 (−27%), Quality Score 34/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of NETWORK18 calculated?
We run Network18 Media & Investments Limited through 11 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹18.48, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Network18 Media & Investments Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Network18 Media & Investments Limited (NETWORK18)?
The closing price on Oct 1, 2026 was ₹25.43. Our model-based fair value is ₹18.48, about −27% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Network18 Media & Investments Limited right now?
The price sits above even our optimistic bull case (₹20.98). The favourable scenario is already priced in. Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Network18 Media & Investments Limited
How large is the market capitalisation of Network18 Media & Investments Limited (NETWORK18)?
The market capitalisation of Network18 Media & Investments Limited is ₹51.1B (≈ $531M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Network18 Media & Investments Limited (NETWORK18)?
The price-to-sales ratio of Network18 Media & Investments Limited is 1.84 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Network18 Media & Investments Limited (NETWORK18)?
Earnings per share at Network18 Media & Investments Limited are ₹0.9900 (price ÷ EPS = P/E 25.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Network18 Media & Investments Limited (NETWORK18)?
The net margin of Network18 Media & Investments Limited is 7.2% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Network18 Media & Investments Limited (NETWORK18)?
The return on equity (ROE) of Network18 Media & Investments Limited is 3.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Network18 Media & Investments Limited (NETWORK18)?
On an EBIT basis the return on assets of Network18 Media & Investments Limited is 0.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Network18 Media & Investments Limited (NETWORK18)?
The operating margin of Network18 Media & Investments Limited is −0.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Network18 Media & Investments Limited (NETWORK18)?
Revenue at Network18 Media & Investments Limited is growing +9.7% versus a year earlier (3y avg −30.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Network18 Media & Investments Limited (NETWORK18)?
Earnings per share at Network18 Media & Investments Limited are growing +57.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Network18 Media & Investments Limited (NETWORK18) generate?
The free cash flow of Network18 Media & Investments Limited is −₹2.8B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Network18 Media & Investments Limited (NETWORK18) carry?
The net debt of Network18 Media & Investments Limited is ₹32.5B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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