Fairvalue-Calculator Fairvalue-Calculator
EN DE

NEXT plc (NXT) Fair Value & Analysis

Consumer Cyclical · GB · Market cap 15.0B GBX

NP NEXT plc NXT · LSE
Price£143.30
Fair Value£154.45
Upside+7.8%
Quality93/100
Evidence: High Range £99.57 – £196.81

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from £151.81 to £154.45 (+1.7%) since Jun 23, 2026. Share price +10.4% over the past month.

Price vs Fair Value (12 months)

£144.58 £110.12 Fair Value £154.45 Jun 2025 Jun 2026

12‑month range £110.12 – £144.58 · fair‑value band £99.57 – £196.81 · the £143.30 price screens below the £154.45 fair value. As of Jun 24, 2026.

✦ Which stocks are undervalued right now? Check free Discover now →

Analysis

NEXT plc (NXT) currently trades at £143.30, while our model-based Fair Value estimate is £154.45 — implying the stock looks roughly 7.8% undervalued today. We read business quality at 93/100 (high quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, NEXT plc generated revenue of £6.9B at a net margin of 12.9%. Revenue grew 15.3% year over year. It earns a return on equity of 50.8%. Net debt stands at £1.7B. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 6.9B GBX
Revenue growth (YoY) +15.3%
Net margin 12.9%
Return on equity 50.8%
Free cash flow 1.0B GBX FY2026
P/E ratio 17.6
More key figures
Operating margin 19.4%
EPS (TTM) £7.46
Dividend yield 2.1%
EPS growth (YoY) +24.9%
Net debt 1.7B GBX FY2026

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

NEXT plc engages in the retail of clothing, homeware, and beauty products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. It operates through Retail Stores, Online (UK), Online (International), NEXT Finance, Total Platform, and Other Business Activities segments. The company offers NEXT branded products; and women's, men's, children's fashion clothing, and accessories; and third-party branded products. It also provides consumer credit; services to third-party brands, including websites, marketing, warehousing, distribution networks, and contact centers; and property management, which holds and leases properties. The company operates through retail stores, online retail platforms, and franchise stores. The company was formerly known as J Hepworth & Son and changed its name to NEXT plc in 1986. NEXT plc was founded in 1864 and is headquartered in Enderby, the United Kingdom.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

NEXT plc reported revenue of £6.9B in FY2026 versus £4.6B in FY2022, a compound +10.5%/yr. Reported net income was £889M in FY2026, compounding +7.0%/yr from FY2022.

Revenue +10.5%/yr
FY22 £4.6B
FY23 £5.0B
FY24 £5.5B
FY25 £6.1B
FY26 £6.9B
Net income +7.0%/yr
FY22 £678M
FY23 £712M
FY24 £802M
FY25 £736M
FY26 £889M

Open the full interactive analysis →

Similar stocks

6 more Apparel Retail stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Industria de Diseño Textil, S.A IDEXY $15.79 $12.07 -24%
The TJX Companies, Inc TJX C$29.33 C$16.18 -45%
Fast Retailing Co FRCOY $50.56 $19.25 -62%
Ross Stores, Inc ROST $230.37 $96.26 -58%
Burlington Stores, Inc BURL $327.01 $112.12 -66%
Trent Limited TRENT ₹2,838 ₹553.27 -81%

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap Stocks

Frequently asked questions

Is NEXT plc (NXT) undervalued?
As of Jun 24, 2026, our model estimates a fair value of £154.45 versus a price of £143.30 — about +8% (undervalued). Model-based estimate, not financial advice.
What is the fair value of NXT?
Our 21-model fair value for NEXT plc is £154.45 (as of Jun 24, 2026), built from audited fundamentals. The current price is £143.30.
What is the quality score of NXT?
NEXT plc has a Quality Score of 93/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of NEXT plc (NXT)?
NEXT plc reported trailing-twelve-month revenue of about £6.9B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of NXT?
The net profit margin of NEXT plc is about 12.9%, meaning it keeps roughly 12.9% of revenue as net income. Based on the latest reported figures.
Does NEXT plc pay a dividend?
NEXT plc currently shows a dividend yield of about 2.08% relative to its recent price (as of Jun 24, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.