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    Nexstar Media Group (NXST) Could Be 16% Undervalued As Earnings Improve

    Simply Wall St·11/13/2026 02:24:10
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    Nexstar Media Group (NXST) just posted third quarter and nine month results that show higher sales and earnings compared with a year earlier, giving investors fresh numbers to reassess the stock.

    Recent trading has been lively for Nexstar Media Group, with a 30-day share price return of 28.28% and a 7-day gain of 9.58%. This comes even though the year-to-date share price is slightly lower, while the 1-year total shareholder return of 16.32% points to momentum building again over a longer stretch.

    Scan how Nexstar Media Group’s earnings move compares with other media and communication plays by reviewing the hand picked 31 high quality undervalued stocks that also pair cash generation with balance sheet strength.

    Bulls see Nexstar Media Group’s earnings jump and recent share price surge as proof the rerating has more room to run. Skeptics point to cyclicality and recent gains. Which side does the valuation support next?

    Most Popular Narrative: 16% Undervalued

    Nexstar Media Group closed at $205.97, while the analyst consensus Narrative on Simply Wall St points to a fair value of $246.75 using a 12.54% discount rate. That gap frames the debate over whether the recent rally has already priced in the political ad cycle and digital push.

    The main thing that has to go right is that Nexstar Media Group continues to offset pressure in nonpolitical linear advertising with growth in distribution fees, digital and CTV revenue, and national networks like the CW and NewsNation, while managing its higher post TEGNA leverage.

    The current valuation implies that the market is heavily discounting Nexstar Media Group’s potential to create equity value from debt reduction, further M&A enabled by FCC rule changes, and longer term spectrum monetization through ATSC 3.0 and the EdgeBeam Wireless joint venture.

    See why 21 investors see Nexstar Media Group as 17% undervalued.

    Result: Fair Value of $246.75 (UNDERVALUED)

    Still, the Nexstar Media Group story can break if pay TV subscriber losses deepen or if political ad spending slows compared with recent 2026 pacing.

    Find out about the key risks to this Nexstar Media Group narrative.

    Next Steps

    Does this mix of optimism and concern around Nexstar Media Group match your own view, or does the data tell you something different when you look closely yourself? To weigh the upside against the issues investors are watching, review the 3 key rewards and 4 important warning signs.

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    If Nexstar Media Group has sharpened your focus, do not stop here. Use the Simply Wall St screener to spot fresh opportunities that fit your style.