# Nebius Group N.V. (NBIS) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Technology / IT Services. Price $151.64, market value $41.2 billion.

## Valuation
- **P/E (trailing): 118.5×** (5-yr avg 253.7×, 3-yr avg 253.7×). Nebius Group N.V. trades at 118.5× trailing earnings, well below its own five-year average of 253.7×: cheap by its own standards. The Technology median in the September 2026 study was 32.1×.
- **Price / sales: 30.4×**. Each dollar of revenue is priced at 30.4×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 4.0×**. The shares trade at 4.0× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 36.1×**. Enterprise value is 36.1× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: -14.3%** (5-yr avg -12.5%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 0.8%**. The inverse of the P/E: 0.8% of the price is earned each year.

## Profitability
- **Gross margin: 74.3%**. Nebius Group N.V. keeps 74.3% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: -50.5%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: 15.6%**. 15.6% of each dollar of sales reaches the bottom line.
- **Return on equity: 1.8%**. 1.8% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: -10.9%**. Return on all capital, debt included, is -10.9%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 0.3%**. Each dollar of assets produces 0.3% of profit.

## Growth
- **Revenue growth (1 yr): 479.0%** (3-yr 239.8%/yr, 5-yr -29.1%/yr). Revenue grew 479.0% over the last year, against -29.1% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 114.5%** (3-yr -40.8%/yr, 5-yr -19.6%/yr). Earnings per share rose 114.5%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.90**. Debt is 0.90 times equity, moderate leverage.
- **Net debt / EBITDA: 0.4×**. It would take 0.4 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: -2.9×**. Operating profit covers interest only -2.9×: fragile.
- **Current ratio: 3.08** (quick 3.08). Current assets cover the next year's liabilities 3.08 times.
- **Altman Z-score: 3.86**. A Z-score of 3.86 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Nebius Group N.V. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (20 analysts). 20 analysts cover Nebius Group N.V.; the consensus is buy, with an average price target of $281.00 (+85% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 8.1%** (YTD 68.9%, 3-mo -33.5%). The shares are up 8.1% over twelve months including dividends.
- **From 52-week high: -49.4%** (106.3% above the low). Trading 49% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 32**. An RSI of 32 is neutral.
- **Beta (1 yr): 3.79** (volatility 110%). Beta of 3.79 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NBIS · Page: https://foliofundamentals.com/stocks/nbis

Not investment advice.