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Nexstar Media GroupNXST +1.19%83 Debt-to-EBITDA is 6.55 as of Mar. 2026, which is 71% above its 10-year median of 3.83. GuruFocus rates NXST with a GF Score™ of 83/100 and a GF Value™ of $230.44 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 678 Media - Diversified companies, Nexstar Media Group ranks worse than 86.87% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Nexstar Media Group's Debt-to-EBITDA or its related term are showing as below:
NXST'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.97 Med: 3.83 Max: 9.11
Current: 9.11
During the past 13 years, the highest Debt-to-EBITDA Ratio of Nexstar Media Group was 9.11. The lowest was 2.97. And the median was 3.83.
NXST's Debt-to-EBITDA is ranked worse than 86.87% of 678
companies
in the Media - Diversified industry
Industry Median: 1.655
vs NXST: 9.11
Nexstar Media Group (NAS:NXST) Debt-to-EBITDA Explanation
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Nexstar Media Group Debt-to-EBITDA Related Terms
Nexstar Media Group Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Nexstar Media Group's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NXST vs SBGI, NMAX, IHRT: Debt-to-EBITDA Comparison
For the Broadcasting subindustry, Nexstar Media Group's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nexstar Media Group Debt-to-EBITDA vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Nexstar Media Group's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Nexstar Media Group's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Nexstar Media Group (NXST) has a Debt-to-EBITDA of 6.55 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Nexstar Media Group. This is 71% above median its historical median of 3.83. Over the past decade, Nexstar Media Group's Debt-to-EBITDA has ranged from 2.97 to 9.11. According to the industry distribution chart, Nexstar Media Group ranks #589 out of 678 companies in the Media - Diversified industry, placing it in the top 86.9%.
Is Nexstar Media Group's Debt-to-EBITDA too high?
Nexstar Media Group's current Debt-to-EBITDA of 6.55 is 71% above median its 10-year median of 3.83. Over the past 10 years, this metric has ranged from a low of 2.97 to a high of 9.11. The Media - Diversified industry median Debt-to-EBITDA is 1.66. Nexstar Media Group's value of 6.55 is 295.8% above this industry median. Based on the distribution chart, Nexstar Media Group ranks #589 out of 678 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Nexstar Media Group has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nexstar Media Group's Debt-to-EBITDA compare to SBGI and NMAX?
According to the Media - Diversified industry distribution chart, Nexstar Media Group ranks #589 out of 678 companies for Debt-to-EBITDA. This places Nexstar Media Group in the lower half of its industry. The industry median Debt-to-EBITDA is 1.66. Nexstar Media Group's value of 6.55 is 295.8% above this benchmark. Historically, Nexstar Media Group's own Debt-to-EBITDA has ranged from 2.97 to 9.11 over the past decade. While the company's 10-year median is 3.83 vs. the industry median of 1.66, Nexstar Media Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Media - Diversified company?
The median Debt-to-EBITDA among Media - Diversified companies is 1.66, based on 678 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nexstar Media Group's current Debt-to-EBITDA of 6.55 is 295.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Nexstar Media Group. For the Media - Diversified industry, the median Debt-to-EBITDA is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nexstar Media Group's current Debt-to-EBITDA is 6.55, which is 71% above median its own 10-year median of 3.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nexstar Media Group stock overvalued right now?
Based on GuruFocus' analysis, Nexstar Media Group (NXST) is currently considered Modestly Undervalued. The stock's GF Value™ is $230.44, compared to a current price of $183.31 — trading 20.5% below its estimated fair value. The current Debt-to-EBITDA is 6.55, which is 71% above median its 10-year median of 3.83 and 295.8% above the Media - Diversified industry median of 1.66. Nexstar Media Group's overall GF Score™ is 83/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Nexstar Media Group (NXST), the current Debt-to-EBITDA is 6.55 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nexstar Media Group (NXST) Overvalued in 2026?
Based on GuruFocus' analysis, Nexstar Media Group stock appears to be undervalued.
The current stock price of $183.31 is trading 20.5% below its estimated GF Value™ of $230.44.
GuruFocus considers Nexstar Media Group to be Modestly Undervalued.
Key valuation signals for NXST:
Debt-to-EBITDA: 6.55 (71% above median its 10-year median of 3.83)
GF Value™: $230.44 vs. price of $183.31 (20.5% below fair value)
Industry Position: 295.8% above the Media - Diversified median (#589 of 678)
No single metric tells the full story. See the NXST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nexstar is the largest television station owner-operator in the United States with over 200 stations in 116 markets, reaching 220 million people. Of its 200 stations, 155 are affiliated with the four national broadcast networks: CBS, Fox, NBC, and ABC. Assuming its merger with Tegna is affirmed Nexstar's station total would exceed 259 and reach 80% of the US population. Nexstar also owns NewsNation (formerly WGN), a cable news network, 75% of the fifth national broadcaster, the CW, and a 31% stake in Food Network and Cooking Channel.
83GF Score
Get the complete analysis for NXST
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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