Nexstar Media Group, Inc.

NasdaqGS:NXST Stock Report

Market Cap: US$5.1b

Nexstar Media Group Valuation

Is NXST undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NXST when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NXST ($166.83) is trading below our estimate of fair value ($338.49)

Significantly Below Fair Value: NXST is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NXST?

Key metric: As NXST is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NXST. This is calculated by dividing NXST's market cap by their current earnings.
What is NXST's PE Ratio?
PE Ratio9x
EarningsUS$578.00m
Market CapUS$5.07b

Price to Earnings Ratio vs Peers

How does NXST's PE Ratio compare to its peers?

The above table shows the PE ratio for NXST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7.8x
TGNA TEGNA
5.9x-13.6%US$2.9b
FOXA Fox
10.9x-2.7%US$20.3b
GTN Gray Television
2.8x-29.4%US$434.7m
AMCX AMC Networks
11.7x19.7%US$396.6m
NXST Nexstar Media Group
9x5.0%US$5.1b

Price-To-Earnings vs Peers: NXST is expensive based on its Price-To-Earnings Ratio (9x) compared to the peer average (7.8x).

Price to Earnings Ratio vs Industry

How does NXST's PE Ratio compare vs other companies in the US Media Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
DISH DISH Network
2.5x-71.9%US$3.08b
GTN Gray Television
2.8x-29.4%US$434.68m
ABLV Able View Global
3.8xn/aUS$35.81m
ANTE AirNet Technology
0.3xn/aUS$7.58m
NXST 9.0xIndustry Avg. 15.3xNo. of Companies7PE01632486480+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NXST is good value based on its Price-To-Earnings Ratio (9x) compared to the US Media industry average (14.4x).

Price to Earnings Ratio vs Fair Ratio

What is NXST's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NXST PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9x
Fair PE Ratio18.2x

Price-To-Earnings vs Fair Ratio: NXST is good value based on its Price-To-Earnings Ratio (9x) compared to the estimated Fair Price-To-Earnings Ratio (18.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NXST forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$166.83
US$198.50
+19.0%
6.9%US$220.00US$175.00n/a10
Nov ’25US$177.08
US$196.80
+11.1%
6.3%US$215.00US$170.00n/a10
Oct ’25US$164.82
US$198.00
+20.1%
7.2%US$225.00US$170.00n/a10
Sep ’25US$170.88
US$198.00
+15.9%
7.2%US$225.00US$170.00n/a10
Aug ’25US$179.88
US$202.70
+12.7%
7.6%US$225.00US$170.00n/a10
Jul ’25US$166.33
US$201.00
+20.8%
8.4%US$225.00US$170.00n/a10
Jun ’25US$165.69
US$201.90
+21.9%
7.9%US$225.00US$170.00n/a10
May ’25US$161.65
US$199.32
+23.3%
7.2%US$225.00US$170.00n/a11
Apr ’25US$170.13
US$200.21
+17.7%
7.0%US$225.00US$170.00n/a12
Mar ’25US$163.69
US$198.21
+21.1%
9.2%US$225.00US$158.00n/a12
Feb ’25US$178.50
US$199.42
+11.7%
9.4%US$225.00US$158.00n/a13
Jan ’25US$156.75
US$198.58
+26.7%
9.7%US$225.00US$158.00n/a12
Dec ’24US$149.12
US$202.27
+35.6%
7.7%US$225.00US$167.00n/a11
Nov ’24US$140.44
US$211.82
+50.8%
8.2%US$235.00US$175.00US$177.0811
Oct ’24US$143.37
US$211.82
+47.7%
8.2%US$235.00US$175.00US$164.8211
Sep ’24US$141.50
US$211.80
+49.7%
8.5%US$235.00US$175.00US$170.8810
Aug ’24US$182.19
US$217.60
+19.4%
8.2%US$235.00US$175.00US$179.8810
Jul ’24US$166.55
US$217.60
+30.7%
8.2%US$235.00US$175.00US$166.3310
Jun ’24US$152.27
US$219.10
+43.9%
8.4%US$239.00US$175.00US$165.6910
May ’24US$173.57
US$219.00
+26.2%
8.7%US$239.00US$175.00US$161.6510
Apr ’24US$172.66
US$220.00
+27.4%
8.5%US$239.00US$175.00US$170.1310
Mar ’24US$186.22
US$219.30
+17.8%
8.3%US$237.00US$175.00US$163.6910
Feb ’24US$210.87
US$215.30
+2.1%
8.6%US$237.00US$175.00US$178.5010
Jan ’24US$175.03
US$216.00
+23.4%
8.7%US$237.00US$175.00US$156.7510
Dec ’23US$184.20
US$215.00
+16.7%
9.1%US$237.00US$175.00US$149.1210
Nov ’23US$176.36
US$227.70
+29.1%
5.7%US$246.00US$195.00US$140.4410

Analyst Forecast: Target price is less than 20% higher than the current share price.

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