Nexstar Media Group, Inc. (NXST)

Television Broadcasting Stations

Latest Price

$161.57

TTM P/E

30.66

Normalized P/E

10.50

Div Yield

4.60%

Book Value

74.17

P/B Ratio

2.18

Valuation metrics

EPS: $3.00

Book value / share: $68.06

Formula: √(22.5 × EPS × BVPS)

Graham Number

$67.78

58% downside

Norm. op. income: $1.2B (median of 7yr)

Tax rate: 29%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$76.44

53% downside

Base FCF: $1.1B (median of recent 5yr)

Growth: 10%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$656.86

+307% upside

EPS: $3.00

Target P/E: 11×

Formula: EPS × P/E

P/E Fair Value

$33.00

80% downside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	3.36M	$599.0M	10.90%	+140.5K	2026-06-30
Dimensional Fund Advisors LP	1.43M	$255.0M	4.65%	+42.8K	2026-06-30
Vanguard Portfolio Management LLC	1.43M	$254.0M	4.63%	-6.1K	2026-06-30
Vanguard Capital Management LLC	1.30M	$232.0M	4.23%	+16.3K	2026-06-30
Sixth Street Partners Management Company, L.P.	1.08M	$193.0M	3.51%	--	2026-06-30
Charles Schwab Investment Management Inc	1.08M	$193.0M	3.51%	+95.8K	2026-06-30
State Street Corp	944.8K	$168.0M	3.07%	+52.8K	2026-06-30
Lsv Asset Management	936.4K	$167.0M	3.04%	-71.9K	2026-06-30
FMR LLC	935.1K	$166.0M	3.04%	+237.0K	2026-06-30
Geode Capital Management, LLC	861.2K	$153.0M	2.80%	+38.7K	2026-06-30