---
title: Nebius Group (NBIS) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/nbis
ticker: NBIS
as_of: 2026-10-17
sector: Technology
industry: Software - Application
---
# Nebius Group (NBIS)

Nebius Group (NBIS) closed at $165.47 on Oct 16, 2026, overvalued by 923% vs its model value of $16.17 (from its peers' median EV/EBITDA).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $165.47 (Oct 16, 2026) |
| Model value (from its peers' median EV/EBITDA) | $16.17 |
| Price vs model | overvalued by 923% vs model |
| Range of that model | $16.17 – $16.17 |
| Market value | $39.7B |
| P/E (fiscal 2025) | 1504.3 |
| Net margin (fiscal 2025) | 19.2% |
| Free cash flow (fiscal 2025) | -$3.7B |
| Dividend yield (trailing twelve months) | 0.00% |
| Beta | 1.46 |
| Cost of capital (WACC) | 9.83% |
| Business classification | High Growth (High revenue growth (~403% recent), Moderate margins (19% net margin), Highly cyclical earnings, Negative free cash flow) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Best performing this year | #17 | +97.7% | https://sweetvaluelab.com/lists/best-performing-this-year |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $0.00 | $0.00 | $0.00 |
| DCF · Perpetuity growth · 10y | cross check | $0.00 | $0.00 | $0.00 |
| DCF · EBITDA exit · 5y | cross check | $0.00 | $0.00 | $0.00 |
| DCF · EBITDA exit · 10y | cross check | $0.00 | $0.00 | $0.00 |
| P/E · peers | cross check | $0.00 | $0.00 | $0.00 |
| P/E · own history | cross check | $0.00 | $0.00 | $0.00 |
| PEG | sanity check | $124.11 | $124.11 | $124.11 |
| EV/EBITDA · peers | cross check | $16.17 | $16.17 | $16.17 |
| EV/Revenue · peers | cross check | $70.61 | $7.43 | $133.80 |
| Earnings power value | cross check | $0.00 | $0.00 | $0.00 |

## Insider activity (SEC Form 4)

Past 90 days: 2 open-market buys ($50,317) and 28 open-market sales ($141.1M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 16, 2026 | Grimme Arne | Director | Open-market buy (10b5-1 plan) | 148 | $25,158.5 |
| Oct 15, 2026 | Grimme Arne | Director | Open-market buy (10b5-1 plan) | 148 | $25,158.5 |
| Oct 12, 2026 | Boroditsky Marc | Chief Revenue Officer | Option/RSU exercise (10b5-1 plan) | 7,000 | $0 |
| Oct 12, 2026 | Boroditsky Marc | Chief Revenue Officer | Open-market sell (10b5-1 plan) | 7,000 | $1.5M |
| Oct 12, 2026 | Boroditsky Marc | Chief Revenue Officer | Option/RSU exercise (10b5-1 plan) | 7,000 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 1, 2026 | 6-K | Current report (foreign issuer) | https://www.sec.gov/Archives/edgar/data/1513845/000110465926112824/tm2626792d1_6k.htm |
| Sep 8, 2026 | 6-K | Current report (foreign issuer) | https://www.sec.gov/Archives/edgar/data/1513845/000110465926105749/tm2624958d1_6k.htm |
| Aug 26, 2026 | 6-K | Current report (foreign issuer) | https://www.sec.gov/Archives/edgar/data/1513845/000110465926101076/tm2624077d1_6k.htm |
| Aug 24, 2026 | 6-K | Current report (foreign issuer) | https://www.sec.gov/Archives/edgar/data/1513845/000110465926100347/tm2623863d1_6k.htm |
| Aug 20, 2026 | 6-K | Current report (foreign issuer) | https://www.sec.gov/Archives/edgar/data/1513845/000110465926098924/tm2623617d1_6k.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Stephen Mandel | 2026-06-30 | 4,258,008 | $1.2B |
| Soros | 2026-06-30 | 310,000 | $85.6M |

2 tracked managers in all.

## About

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 co…

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Source: https://sweetvaluelab.com/stocks/nbis (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.