NMAX (Newsmax) Enterprise Value: $1,287.3 Mil (As of Aug. 17, 2026) ***

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NMAX Newsmax Inc NMAX
12 GF Score
Price $10.87
! 3 Warning Signs
View Full Analysis

What is Newsmax Enterprise Value?

Newsmax NMAX +14.54% 12 Enterprise Value is $1,287.3 Mil as of Aug. 17, 2026. GuruFocus rates NMAX with a GF Score™ of 12/100. The stock has 3 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Newsmax's Enterprise Value is $1,287.3 Mil. Newsmax's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $-6.4 Mil. Therefore, Newsmax's EV-to-EBIT ratio for today is -200.88.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Newsmax's Enterprise Value is $1,287.3 Mil. Newsmax's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $-0.1 Mil. Therefore, Newsmax's EV-to-EBITDA ratio for today is -10,817.27.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Newsmax's Enterprise Value is $1,287.3 Mil. Newsmax's Revenue for the trailing twelve months (TTM) ended in Jun. 2026 was $203.3 Mil. Therefore, Newsmax's EV-to-Revenue ratio for today is 6.33.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Newsmax's Enterprise Value is $1,287.3 Mil. Newsmax's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $-68.3 Mil. Therefore, Newsmax's EV-to-OCF ratio for today is -18.85.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Newsmax's Enterprise Value is $1,287.3 Mil. Newsmax's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was $-71.6 Mil. Therefore, Newsmax's EV-to-FCF ratio for today is -17.97.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


Newsmax  (NYSE:NMAX) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Newsmax's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=1287.255/-6.408
=-200.88

Newsmax's current Enterprise Value is $1,287.3 Mil.
Newsmax's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.4 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Newsmax's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=1287.255/-0.119
=-10,817.27

Newsmax's current Enterprise Value is $1,287.3 Mil.
Newsmax's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.1 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Newsmax's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=1287.255/203.287
=6.33

Newsmax's current Enterprise Value is $1,287.3 Mil.
Newsmax's Revenue for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $203.3 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Newsmax's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=1287.255/-68.274
=-18.85

Newsmax's current Enterprise Value is $1,287.3 Mil.
Newsmax's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-68.3 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Newsmax's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=1287.255/-71.616
=-17.97

Newsmax's current Enterprise Value is $1,287.3 Mil.
Newsmax's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-71.6 Mil.

* 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.


Newsmax Enterprise Value Related Terms


Newsmax Enterprise Value Historical Data

* Premium members only.

The historical data trend for Newsmax's Enterprise Value 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.

Newsmax Enterprise Value Chart

Newsmax Annual Data
Trend Dec23 Dec24 Dec25
Enterprise Value
0.00 0.00 876.19

Newsmax Quarterly Data
Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 1,760.27 1,475.99 876.19 553.33 952.73

NMAX vs SBGI, IHRT, GTN.A: Enterprise Value Comparison

For the Broadcasting subindustry, Newsmax's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.


Newsmax Enterprise Value vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Newsmax's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Newsmax's Enterprise Value falls into.


NMAX
12GF Score
Newsmax Inc NMAX
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Newsmax Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Newsmax's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Newsmax's Enterprise Value for the quarter that ended in Jun. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of $1,287.3 Mil mean?
Newsmax (NMAX) has a Enterprise Value of $1,287.3 Mil as of Aug. 17, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Newsmax and its competitors.
Is Newsmax's Enterprise Value too high?
Newsmax's current Enterprise Value is $1,287.3 Mil. Overall, Newsmax has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Newsmax's Enterprise Value compare to SBGI and IHRT?
Newsmax's Enterprise Value of $1,287.3 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Media - Diversified company?
A good Enterprise Value depends on the Media - Diversified industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Newsmax and its competitors. Newsmax's current Enterprise Value is $1,287.3 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newsmax stock overvalued right now?
Newsmax (NMAX) has a current Enterprise Value of $1,287.3 Mil. The current Enterprise Value is $1,287.3 Mil. Newsmax's overall GF Score™ is 12/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Newsmax (NMAX), the current Enterprise Value is $1,287.3 Mil as of Aug. 17, 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.

Newsmax Business Description

Address 750 Park of Commerce Drive, Suite 100, Boca Raton, FL, USA, 33487
Newsmax Inc is a multi-platform media company. The company provides original news and lifestyle updates from its linear cable television and over-the-top (OTT) news channels, websites, proprietary database, publishing products, and e-commerce products. It uses original news and editorial content to draw large numbers of readers to its media outlets to sell advertising, print, and online information products. The company's business operations are conducted through two operating segments: Broadcasting and Digital. Maximum revenue is generated from the Broadcasting segment, which produces and licenses news, business news, and lifestyle content for distribution through cable television systems, direct broadcast satellite operators, and telecommunication companies, mainly in the United States.
12GF Score

Get the complete analysis for NMAX

Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$10.87
Price