Is Nexstar Media Group, Inc. overvalued or undervalued?

As of 24 October 2025, the valuation grade for Nexstar Media Group, Inc. moved from very expensive to attractive, indicating a shift towards a more favorable assessment. The company appears undervalued based on its current metrics, with a P/E ratio of 10, a PEG ratio of 0.12, and an EV to EBITDA ratio of 6.03. In comparison, peers such as TEGNA, Inc. have a higher P/E ratio of 12.12 and Sirius XM Holdings, Inc. shows a PEG ratio of 0.007, suggesting that Nexstar is positioned more favorably within its industry.
Despite recent underperformance over shorter time frames, where Nexstar's 1-week and 1-month returns lagged behind the S&P 500, the company has outperformed the index year-to-date with a return of 20.73% compared to 15.47%. This performance, coupled with its attractive valuation ratios, reinforces the notion that Nexstar Media Group, Inc. is currently undervalued in the market.