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Nebius Group N.V. — Intrinsic Value & Fair Price

NBIS
NASDAQTechnologySoftware - ApplicationCIK 0001513845nebius.com/companyAbout NBIS
Last close · Oct 16, 2026165.47−22.94 (−12.18%)
Market cap$39.7B
Model value · EV/EBITDA · peers
16.17
Nebius Group closed at $165.47 — overvalued by 923% vs model.
16.17the model's range16.17

EV/EBITDA · peers leads because DCF · Perpetuity growth · 5y could not lead: the cash-flow gate is shut (an operating loss, or three years of free cash flow summing below zero); P/E · peers returned no positive value. From its peers' median EV/EBITDA.

Other models
70.61 – 124.11
Wall St. target
334.00 50% below
Above model, 1y
8 of 8 days

Price and model value

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What the marks mean
Daily close

Valuation models

price $165.47 · as of Oct 17, 2026

EV/EBITDA · peers leads because DCF · Perpetuity growth · 5y could not lead: the cash-flow gate is shut (an operating loss, or three years of free cash flow summing below zero); P/E · peers returned no positive value. How we value a stock walks through every input. The price is 923% above the model value: the models see only the filed business, and a company priced on businesses with no revenue line yet is better taken apart, as Tesla is.

engine pkg:0.1.0

Research on NBIS

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How it is valued

Valued asHigh growth
High revenue growth (~403% recent)Moderate margins (19% net margin)Highly cyclical earningsNegative free cash flow
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for high-growth companies
Price / sales
79.0×
Revenue growth
350.9%
Gross margin
68.6%
Operating margin
-112.5%
FCF margin
-694.8%
EV / EBITDA
82.9×
Full financials

Analyst actions

third-party, quoted
09-24BNP Paribas · “Outperform” from “Neutral”upgrade
09-24BNP Paribas · target399.00
09-21BTG Pactual · target223.00
09-09Truist Financial · target355.00
Ratings, targets and estimates

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just NBIS. No account.

About Nebius Group

Nebius Group N.V. is a technology company dedicated to developing comprehensive infrastructure to serve the global artificial intelligence industry. Its operations encompass several key areas. Central to its mission is Nebius, an AI-focused cloud platform engineered to handle demanding AI workloads. This division constructs end-to-end AI infrastructure, featuring extensive GPU computing clusters, robust cloud platforms, and essential tools and services for developers. The group also includes Toloka AI, which functions as a data solutions provider, assisting with various phases of generative AI development. TripleTen operates as an educational technology venture, focused on equipping individuals with new skills for careers in the tech sector. Furthermore, Avride specializes in pioneering autonomous driving technologies for self-driving vehicles and delivery robots. Founded in 1989, the company was previously known as Yandex N.V. until its rebranding to Nebius Group N.V. in August 2024. Its headquarters are located in Amsterdam, the Netherlands, with additional research and development facilities spread across Europe, North America, and Israel.

CEO
Arkady Volozh
Headquarters
Schiphol
Employees
1,543
IPO
2011-05-24
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.