Is Nexstar Media Group, Inc. overvalued or undervalued?

As of 24 October 2025, the valuation grade for Nexstar Media Group, Inc. has moved from very expensive to attractive, indicating a significant shift in its perceived value. The company appears undervalued, supported by a P/E ratio of 10, a PEG ratio of 0.12, and an EV to EBITDA ratio of 6.03, which are all favorable compared to its peers. For instance, TEGNA, Inc. has a higher P/E of 12.12 and a PEG of 1.60, while Sirius XM Holdings, Inc. shows a P/E of 6.62, highlighting Nexstar's relative valuation strength.
In terms of recent performance, Nexstar's year-to-date return of 20.73% outperformed the S&P 500's return of 15.47%, although it lagged behind in the 1-month and 3-year periods. Overall, the combination of attractive valuation ratios and positive stock performance suggests that Nexstar Media Group, Inc. is currently undervalued in the market.