Nebius Group N.V.

US$129.49As of Sun 8 Nov 2026, 12:00 UTC

NASDAQ:NBISCommunication

Country USA

PE (Fwd) •••

TSR 10Y CAGR 20.68%

Div yield —

ROE 0.60%

Internet Content & Information

Beta (5Y) 1.54

PE TTM 788.3

TSR TTM (1.02%)

Mkt cap US$35.49B

ROIC (4.10%)

SE Grade™

Value

Quality

Moat

Consensus

Reference

$136

5.24%

38.36%

Hold 8|8|1|8|7

TTM

FYE 31 Dec USD

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

0.778

Revenue$B

4.887

5.097

5.328

5.649

5.959

6.246

6.420

6.798

6.949

7.257

0.858

4.02%

4.62%

28.71

Revenue growth%

23.73

25.91

24.79

22.88

21.52

19.46

20.65

19.63

20.92

20.80

23.21

20.65

21.22

20.55

Gross margin%

17.67

17.05

20.04

19.40

20.42

22.06

23.20

21.70

18.78

16.76

17.76

21.70

19.72

27.68

Operating margin%

8.43

7.07

4.73

2.97

0.99

0.40

3.10

3.38

5.58

13.40

3.10

3.24

21.60

Net margin%

10.24

7.31

4.63

6.36

8.46

9.21

8.29

10.21

8.00

10.16

25.52

9.21

8.37

28.76

P/E ratio (avg)x

36.96

31.46

31.91

31.77

26.92

26.45

23.53

24.28

20.81

20.48

20.36

23.53

26.69

9.681

EV/EBITx

14.83

16.59

16.74

19.82

19.15

21.11

22.54

25.48

25.39

25.91

23.04

25.39

20.47

26.90

FCF yield (avg)%

17.13

15.05

15.91

17.04

16.91

16.08

13.47

10.51

8.41

10.44

16.87

10.51

15.48

4.11

FCF margin%

13.82

12.22

12.04

11.96

12.72

11.63

12.33

9.47

8.82

8.72

27.37

9.47

12.00

0.223

FCF / Net incomex

0.530

0.572

0.563

0.560

0.555

0.493

0.461

0.411

0.402

0.361

1.706

0.411

0.512

19.17

ROIC%

17.90

15.71

16.23

14.92

17.26

15.28

14.17

14.21

13.04

15.55

11.57

14.21

15.42

10.29

Return on equity%

20.57

21.94

21.70

22.48

22.72

23.02

24.87

26.81

28.19

27.59

5.64

26.81

22.87

29.34

Return on assets%

30.97

29.21

30.29

29.43

29.35

31.01

32.68

34.06

31.81

29.76

20.28

31.81

30.63

7.52

EPS$

4.78

5.41

6.17

5.82

6.12

5.76

6.45

6.93

6.67

7.22

8.30

3.36%

3.74%

—

20.39

EPS growth%

21.13

19.50

21.78

22.50

20.02

19.41

17.37

14.80

14.20

16.85

14.09

16.85

19.46

18.91

Bookvalue per sh$

6.14

5.46

5.91

6.10

6.77

6.60

6.23

6.71

5.90

5.58

7.31

(3.80%)

(1.16%)

—

7.71

FCF per share$

8.82

8.85

9.73

10.32

12.43

12.96

12.98

15.60

18.82

18.58

10.92

8.38%

9.80%

—

12.58

Dividend per sh$

15.82

15.23

14.02

14.83

14.18

14.77

13.78

13.48

14.57

15.22

6.85

1.43%

(0.48%)

—

6.36

Div yield (avg)%

12.39

10.72

12.81

13.87

11.90

12.94

13.71

15.39

12.41

13.45

11.90

13.45

12.88

26.52

Payout ratio%

9.48

12.17

14.08

12.04

9.06

9.95

7.14

5.54

5.19

7.31

12.93

7.14

9.27

270.9

Shares (diluted)M

316.3

300.1

289.7

306.6

294.5

321.2

312.2

306.3

300.5

274.8

0.40%

0.88%

8.19

Buyback yield%

13.89

11.59

9.70

10.84

12.81

13.85

16.15

16.19

16.35

17.17

22.53

16.19

13.87

0.497

D/E ratiox

0.758

0.685

0.702

0.722

0.726

0.729

0.753

0.738

0.701

0.647

1.635

0.729

0.724

7.055

Enterprise value$B

6.400

6.956

6.116

5.814

5.744

6.246

6.674

6.300

5.630

5.196

4.983

(1.99%)

(2.43%)

6.208

LT debt$B

5.085

5.421

5.472

5.910

6.511

7.289

7.470

8.756

10.55

12.16

2.207

13.31%

10.51%

Peers (US$35.49B)

Cap (US$)

Prosus N.V.

85.60B

8.287x

Adyen N.V.

31.94B

25.34x

Elastic N.V.

9.038B

24.49x

Baidu, Inc.

27.03B

—

Capital

TTM

10Y

Leveragex

0.925

0.013

0.012

EBIT/Intx

8.923

0.227

0.242

Own earn%

(26.01)

(44.67)

(52.93)

Sh yield%

14.55

29.87

26.54

Owners

Insiders/Inst%

2.99

60.66

Short interest%

0.64

SBC / revenue%

4.24

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

0–8

$1 testx

—

Incr. ROIC%

Nebius Group N.V., a technology company, engages in building full-stack infrastructure to service the global AI industry in the United States, the United Kingdom, and internationally. It offers Nebius builds full-stack infrastructure for AI, including large-scale GPU clusters, cloud platforms, and tools and services for developers.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$7.257B

4.62%

1.00×

Cost of revenue

$3.871B

4.70%

1.01×

Operating expenses

$1.400B

4.07%

0.95×