NUIX Ltd (NXL) fair value: what the stock is really worth
As of Nov 2, 2026: fair value (intrinsic value) of NUIX Ltd stock A$1.96, price A$1.78, upside +10.6%, quality 67 out of 100. Rating: fairly valued. 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. As of Nov 1, 2026.
How to read this chart
60‑month range A$0.5300 – A$7.74 · fair‑value band A$1.48 – A$2.46 · the A$1.78 price screens below the A$1.96 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 1, 2026.
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Nuix Limited provides investigative analytics and intelligence software solutions in the Asia Pacific, the Americas, Europe, the Middle East, and Africa.
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The company offers Nuix Neo Platform, a solution-based offering that solves most challenging data problems; Nuix Neo Data Privacy for managing data privacy; Nuix Neo Investigations, collaborates in real time and uncover the truth with insights on a massive scale; and Nuix Neo Legal provides insights from data and make decisions for law firms and legal service providers.
It also provides Nuix Neo Discover, an eDiscovery processing, review, analytics, and predictive coding in one software solution; Nuix Workstation, a platform that process file formats and source types to search and analyze, and turn data into information; Nuix Investigate, visualize communication patterns and establish case position sooner; Nuix Adaptive Security, detects potential internal and external threats to data security in real-time; and Nuix Enterprise Collection Center, a streamline and automate data collection for relocation, analysis, processing, and production.
In addition, it offers Nuix Rampiva, an ediscovery workflow automation suite that has increased the data-processing throughput of the team. It serves government agencies, regulators, corporations, and professional service firms.
The company was formerly known as Nuix Pty Ltd and changed its name to Nuix Limited in September 2020. The company was founded in 2000 and is headquartered in Sydney, Australia.
Stock analysis
NUIX Ltd (NXL) currently trades at A$1.78, while our model-based Fair Value estimate is A$1.96, so the stock looks roughly fairly valued today (gap 9.6%).
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Valuation
Bull case: the DCF Models group reads highest at a median of A$2.12 per share, and 12 of the 24 models we run sit above the A$1.78 price.
Bear case: the Economic Profit group reads lowest at A$0.5900, and 12 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: A$1.48 (bear) to A$2.46 (bull), the price of A$1.78 sits inside 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 67/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
NUIX Ltd reported revenue of A$263M in FY2025 versus A$152M in FY2021, a compound +14.7%/yr. Reported net income was A$16.4M in FY2025.
Key figures
Market cap A$616M (≈ $433M) Small · P/E ratio 35.5 · P/S ratio 2.34 · EPS (TTM) A$0.0500 · Net margin 6.3% · Return on equity 5.5% · Return on assets (EBIT) −0.5% · Operating margin 17.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 64% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −18% fair-value upside, at 11%, NXL screens cheaper than that median.
Fair Value models
BearA$1.48Fair Value A$1.96BullA$2.46
Price A$1.78 · Upside +10.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (A$0.0419 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.Coverage ⓘCoverage = 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.77/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+18.8%
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.
+13.0%
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.
+8.4%
Start year 2020 (pandemic)
Revenue growth 9 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.
+11.1%
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What shareholders gained per year (last 5 years) ⓘ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.
−8.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.4%
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.−8.4% vs 4.6%, slowing
Profit margin 2019 to 2025 ⓘ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.19% → 12%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+3.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+8.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about +0.7% a year for the price and +4.9% for the forecasts.
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.Software - Application · 623 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score67 · Above median
Fair Value upside+10.6% · Above median
Profitability
Return on equity (12 months)5.5% · Above median
Return on assets2.9% · Above median
Net margin (12 months)6.3% · Above median
Operating margin (12 months)17.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)22.1% · Top 25%
Balance sheet
Debt / equity0.06× · Above median
Valuation Multiplesvs Software - Application median · lower = cheaper
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). "NUIX Ltd Fair Value". https://www.fairvalue-calculator.com/stock/NXL.AU
Frequently asked questions
Is NUIX Ltd (NXL) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of A$1.96 versus a price of A$1.78, about +11% upside (fairly valued).
What is the fair value of NXL?
Our model-based fair value for NUIX Ltd is A$1.96 (as of Nov 1, 2026), built from audited fundamentals. The current price: A$1.78.
What is the quality score of NXL?
NUIX Ltd has a Quality Score of 67/100. 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 NUIX Ltd (NXL)?
Our model-based price target is the fair value of A$1.96 (as of Nov 1, 2026) from 24 valuation models. Cautious scenario A$1.48, optimistic scenario A$2.46. It is a calculation from audited fundamentals, not an analyst target.
What is the NUIX Ltd stock forecast for 2026?
Our models put fair value at A$1.96, about +11% upside versus a price of A$1.78 (fairly valued). Cautious scenario A$1.48, optimistic scenario A$2.46. The calculation is refreshed regularly with new filings.
What is the revenue of NUIX Ltd (NXL)?
NUIX Ltd reported trailing-twelve-month revenue of about A$263M (latest available figure, as of Nov 1, 2026).
What growth is priced into NUIX Ltd (NXL)?
For today's price to be fair in a discounted-cash-flow model, NUIX Ltd would have to grow free cash flow by +3.7 % per year for five years (discount rate 13.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.4 % per year. As of Nov 1, 2026.
What discount rate (WACC) does the fair value of NXL use?
Our models discount NUIX Ltd at 13.5 %: a base by market capitalisation (small), damped by beta 2.08, country premium for Australia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For NUIX Ltd that is +3.7 % per year a year over ten years, using the same discount rate (13.5 %) and the same formula as our fair value.
How much growth has NUIX Ltd (NXL) delivered so far?
Over the past 5 years revenue at NUIX Ltd grew +8.4 % a year. The price currently implies +3.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of NUIX Ltd (NXL) growing?
The median revenue growth in the sector is +11.0 % a year. That is the yardstick for the growth priced into NUIX Ltd (+3.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of NUIX Ltd (NXL)?
The free-cash-flow yield on the price is 9.51 %: that much free cash flow NUIX Ltd produces per unit of market value. When it exceeds the discount rate of our models (13.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of NUIX Ltd (NXL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NUIX Ltd it is A$1.96 per share (as of Nov 1, 2026), against a price of A$1.78. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is NUIX Ltd stock overvalued or undervalued in 2026?
As of Nov 1, 2026, NXL trades below its calculated fair value: price A$1.78, fair value A$1.96, a gap of about +11% (fairly valued). 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 NXL?
No. The price is what the market pays today (A$1.78); the fair value is what the company's own numbers justify (A$1.96). For NUIX Ltd the two are A$0.1885 per share apart. That gap is exactly why we show both numbers side by side.
How much is NUIX Ltd worth?
The market values NUIX Ltd at about A$616M (market capitalisation, as of Nov 1, 2026). Per share that is A$1.78; our models calculate a fair value of A$1.96 per share.
What do the bullish and bearish scenarios say about NXL?
Our models span a range for NUIX Ltd: cautious scenario A$1.48, base A$1.96, optimistic A$2.46 per share (as of Nov 1, 2026, price A$1.78). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NXL?
NUIX Ltd trades at a price-to-earnings ratio of 35.5 (as of Nov 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$1.96 is built from several models across several years. Other multiples: P/B 2.0, P/S 2.3, EV/EBITDA 7.4.
How solid is the balance sheet of NUIX Ltd (NXL)?
Balance-sheet figures for NUIX Ltd (as of Nov 1, 2026): return on equity 5.5%, debt of 0.06 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is NXL from its 52-week high?
NUIX Ltd trades at A$1.78, about 25% below its 52-week high of A$2.36 and 64% above the low of A$1.08 (as of Nov 2, 2026). Distance from the high says nothing about value: that is what the fair value of A$1.96 is for.
Which stocks are comparable to NUIX Ltd?
From the same area (Technology) we also value SAP SE, Shopify Inc, Salesforce, Inc, ServiceNow, 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 NUIX Ltd stock attractive at the current price?
The data as of Nov 1, 2026: price A$1.78, calculated fair value A$1.96 (+11%), Quality Score 67/100, from 24 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 NXL calculated?
We run NUIX Ltd through 24 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 A$1.96, 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 14.9 % above its aggregate fair value. NUIX Ltd currently trades 10 % below its own fair value, and the market average says nothing about that. 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 NUIX Ltd (NXL)?
The closing price on Nov 2, 2026 was A$1.78. Our model-based fair value is A$1.96, about +11% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NUIX Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of NUIX Ltd
How large is the market capitalisation of NUIX Ltd (NXL)?
The market capitalisation of NUIX Ltd is A$616M (≈ $433M). 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 NUIX Ltd (NXL)?
The price-to-sales ratio of NUIX Ltd is 2.34 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of NUIX Ltd (NXL)?
Earnings per share at NUIX Ltd are A$0.0500 (price ÷ EPS = P/E 35.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of NUIX Ltd (NXL)?
The net margin of NUIX Ltd is 6.3% (last twelve months). 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 NUIX Ltd (NXL)?
The return on equity (ROE) of NUIX Ltd is 5.5% (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 NUIX Ltd (NXL)?
On an EBIT basis the return on assets of NUIX Ltd 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 NUIX Ltd (NXL)?
The operating margin of NUIX Ltd is 17.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NUIX Ltd (NXL)?
Revenue at NUIX Ltd is growing +22.1% versus a year earlier (3y avg +13.0%). 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 NUIX Ltd (NXL)?
Earnings per share at NUIX Ltd are growing +284% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does NUIX Ltd (NXL) hold?
NUIX Ltd holds more cash than debt, A$29.3M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 1, 2026