Nebius Group N.V. Class A Ordinary Shares (NBIS)

FairStock Score: 38/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the close on 2026-10-13, Nebius traded at $206.86, giving a $39.9B market capitalization. The business sells AI infrastructure—GPU clusters, cloud platforms, developer tools—plus edtech and autonomous driving ventures. In the second quarter of 2026, revenue was $582.3M but net income was -$190.4M, a -32.70% margin. Trailing free cash flow was -$5.9B, a -14.7% free cash flow yield, so the enterprise is consuming cash at a rapid clip. The supplied growth figures are extraordinary: 683.89% revenue growth and 647.31% profit growth. But I have learned to distinguish growth from profitability. FairStock calculations based on that close show a P/E of -2955.14, a P/B of 5.48, ROE of 0.60%, ROCE of -1.92%, and debt-to-equity of 0.99. EV/EBITDA is 36.37, the Altman Z-Score is 1.86, and the Piotroski F-Score is 5/9. No Peter Lynch category is assigned because there are 0 years of filed results, while 3 are needed. That lack of history matters. A durable moat in AI infrastructure would require scale, cost advantage, switching costs, or network effects; none is evident from these numbers alone. The price embeds enormous future success while current owner earnings are negative. As Graham might say, without a margin of safety and with unproven earning power, this is speculation, not investment.

In plain English: Nebius builds and rents out powerful computers and cloud services for artificial intelligence, and it also owns an education platform and a self-driving car project. Sales are growing very quickly, but the company is losing money and burning a lot of cash. At the recent price, the shares look expensive compared with current profits and cash flow, so this is a high-risk story rather than a steady value investment.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer