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Nexstar Media Group (NXST) Fair Value & Analysis

Communication Services · US · Market cap $5.7B

NM Nexstar Media Group logo Nexstar Media Group NXST · US
Price$193.78
Fair Value$78.52
Upside-59.5%
Quality53/100
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Weak Growth
Thin margins · 3.2% net margin
High debt · generates free cash flow
4.06% dividend yield
Ranks above peers (9/15)
Moderate moat 47/100
Evidence: High Range $58.89 – $98.15 Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from $151.97 to $78.52 (−48.3%) since Jun 24, 2026. Share price +10.0% over the past month.

A solid business, but screening 59% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($98.15). The favourable scenario is already priced in.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

$251.25 $116.27 Fair Value $78.52 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range $116.27 – $251.25 · fair‑value band $58.89 – $98.15 · the $193.78 price screens above the $78.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Nexstar Media Group (NXST) currently trades at $193.78, while our model-based Fair Value estimate is $78.52, implying the stock looks roughly 59.5% overvalued today. The Quality Score stands at 53/100 (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: high).

Over the trailing twelve months, Nexstar Media Group generated revenue of $5.1B at a net margin of 3.2%. Revenue grew 13.1% year over year. It earns a return on equity of 6.6%. Net debt stands at $6.6B. Fundamentals as of Jul 18, 2026

Our scenario range runs from $58.89 (bear case) to $98.15 (bull case); at $193.78, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 23% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 12% fair-value upside, at -59%, NXST screens richer 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 BearBaseBull Evidence
Highest evidence
Growth DCF $121.95 $419.63 $866.22 80
Residual Income $52.02 $53.27 $51.63 76
Rev-Margin DCF $86.03 $315.32 $632.90 74
All 26 models by family
DCF Models
FCF DCF $130.80 $401.22 $1,018 38
Owner Earnings $47.60 $280.81 $707.57 31
5Y Revenue Exit $86.03 $324.15 $660.29 39
5Y EBITDA Exit $185.16 $542.32 $1,014 41
5Y P/E Exit $15.79 $93.59 38
10Y Revenue Exit $89.07 $324.42 $714.20 36
10Y EBITDA Exit $164.26 $486.76 $1,023 37
10Y P/E Exit $4.84 $94.98 $219.61 35
Earnings-Based
Graham-Dodd $24.27 $138.76 $192.92 54
Lynch FV $39.05 $55.79 $72.52 50
PEG = 1.0 $39.05 $55.79 $72.52 46
EPV $36.64 $73.15 $104.64 59
Dividend Discount
Gordon GGM $48.60 $96.84 $146.65 70
DDM Multi-Stage $48.60 $83.69 $102.23 61
Multiples
P/E Multiple $58.89 $78.52 $98.15 63
P/S Multiple $45.51 $60.68 $75.85 58
P/B Multiple $45.51 $60.68 $75.85 55
EV/EBIT $144.54 $257.57 $370.61 53
EV/EBITDA $234.23 $377.16 $520.09 54
EV/Revenue $62.59 $172.80 $283.01 43
Asset-Based
NCAV (Graham) $33.79 $45.28 $67.59 50
Growth DCF
Growth DCF $121.95 $419.63 $866.22 80
Rev-Margin DCF $86.03 $315.32 $632.90 74
Economic Profit
Residual Income $52.02 $53.27 $51.63 76
ROIC Compounder $36.64 $81.07 $161.34 72
Growth Earnings
Growth-Adj P/E $59.32 $84.74 $110.16 68

Widest divergence: DCF Models ($324.15) versus Asset-Based ($45.28). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $5.1B
Revenue growth (YoY) +13.1%
Net margin 3.2%
Return on equity 6.6%
Free cash flow $743M FY2025
P/E ratio 38.4
More key figures
Operating margin 22.2%
EPS (TTM) $4.72
Dividend yield 4.0%
EPS growth (YoY) +51.0%
Net debt $6.6B FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 50 · Market factors (momentum, volatility) 45

Profitability 26
Margins and returns on capital today
Quality Growth 8
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 13
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 41
Distance to the 52-week high (market factor)
Net Issuance 100
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

Nexstar Media Group, Inc. operates as a diversified media company that produces and distributes local and national news, sports, and entertainment contents on the television and digital platforms in the United States.

Full company description

Nexstar Media Group, Inc. operates as a diversified media company that produces and distributes local and national news, sports, and entertainment contents on the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to power television and radio stations; and provides television programming services. The company offers video and display advertising platforms through its own and various third party websites, mobile and over-the-top applications, digital media solutions to media publishers and advertisers, and a consumer product reviews platform. In addition, it owns NewsNation, a national cable news network; and WGN-AM, a Chicago radio station, as well as owns and operates digital multicast networks. Further, its digital assets include 125 local websites, 229 mobile applications, 110 connected television applications, television channels from The CW and The Hill, BestReviews, and advertising solutions. Additionally, the company engages in the digital business. Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and other broadcast television networks. Nexstar Media Group, Inc. was formerly known as Nexstar Broadcasting Group, Inc. and changed its name to Nexstar Media Group, Inc. in January 2017. The company was founded in 1996 and is headquartered in Irving, Texas.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nexstar Media Group reported revenue of $4.9B in FY2025 versus $4.6B in FY2021, a compound +1.6%/yr. Reported net income was $109M in FY2025, compounding −39.9%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$4.9B
Latest YoY
−8.5%
Avg. growth/yr (3Y)
−1.7%
Avg. growth/yr (5Y)
+1.9%
Avg. growth/yr (26Y)
+14.2%
Revenue +1.6%/yr
FY21 $4.6B
FY22 $5.2B
FY23 $4.9B
FY24 $5.4B
FY25 $4.9B
Net income −39.9%/yr
FY21 $834M
FY22 $971M
FY23 $346M
FY24 $722M
FY25 $109M

NXST screens 59% overvalued. Compare with SES S.A →

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Cite: Fair Value Calculator (2026). "Nexstar Media Group Fair Value". https://www.fairvalue-calculator.com/stock/NXST

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Broadcasting · 69 stocks

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.

Quality Score 53 · Above median
Fair Value upside −60% · Bottom 25%
Return on equity (TTM) 7% · Above median
Return on assets 4% · Top 25%
Net margin (TTM) 3% · Above median
Operating margin (TTM) 22% · Top 25%
Revenue growth 13% · Top 25%
Dividend yield (TTM) 4.1% · Above median
Debt / equity 3.02× · Higher than 75% of peers

Valuation Multiples vs Broadcasting median · lower = cheaper

P/E (TTM) 39.3× · Pricier than median
P/B 2.74× · Pricier than 75% of peers
P/S (TTM) 1.11× · Pricier than median
P/FCF 7.6× · Pricier than median
EV/EBITDA 8.0× · Cheaper than median
PEG 0.17× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 36
FUTURE 66 · sector 0
PAST 26 · sector 3
HEALTH 0 · sector 96
DIVIDEND 81 · sector 47

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Broadcasting stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
SES S.A SESG €7.46 €15.46 +107%
PT Elang Mahkota Teknologi Tbk, through its subsidiaries, EMTK 505.00 IDR 1,094 IDR +117%
MFE-Mediaforeurope N.V MFEB €3.64 €5.38 +48%
Jiangsu Broadcasting Cable Information Network Corporation 600959 ¥3.07 ¥1.14 -63%
Sun TV Network Limited SUNTV ₹489.20 ₹586.58 +20%
MBC Group 4072 20.06 SAR 19.56 SAR -2%
Beijing Gehua Catv Network Co 600037 ¥7.13 ¥3.64 -49%
PT Surya Citra Media Tbk, SCMA 206.00 IDR 229.91 IDR +12%
Zee Entertainment Enterprises Limited ZEEL ₹92.61 ₹53.22 -43%
Sinclair, Inc SBGI $15.42 $4.29 -72%

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Frequently asked questions

Is Nexstar Media Group (NXST) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of $78.52 versus a price of $193.78, about −59% (overvalued).
What is the fair value of NXST?
Our model-based fair value for Nexstar Media Group is $78.52 (as of Jul 18, 2026), built from audited fundamentals. The current price is $193.78.
What is the quality score of NXST?
Nexstar Media Group has a Quality Score of 53/100. 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 Nexstar Media Group (NXST)?
Nexstar Media Group reported trailing-twelve-month revenue of about $5.1B (latest available figure, as of Jul 18, 2026).
What is the net profit margin of NXST?
The net profit margin of Nexstar Media Group is about 3.2%, meaning it keeps roughly 3.2% of revenue as net income. Based on the latest reported figures.
Does Nexstar Media Group pay a dividend?
Nexstar Media Group currently shows a dividend yield of about 4.03% relative to its recent price (as of Jul 18, 2026).

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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