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, supported by 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 P/E ratio of 12.12, while Sirius XM Holdings, Inc. shows a P/E of 6.62, suggesting that Nexstar is positioned more favorably in terms of valuation metrics.
Despite recent underperformance in the short term, with a 1-month return of -4.30% compared to the S&P 500's 2.32%, Nexstar has shown resilience with a year-to-date return of 20.73%, outperforming the S&P 500's 15.47%. Overall, the combination of strong valuation ratios and a favorable grade change supports the conclusion that Nexstar Media Group, Inc. is currently undervalued.