Nebius Group N.V. (NBIS)
Official siteCOMMUNICATION SERVICES • INTERNET CONTENT & INFORMATION • NASDAQ
Market Cap: $56.87B
Last updated: Sep 01, 2026 at 10:00 AM ET
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Nebius: $33.6 Billion in Orders and a Yard Still Under Construction
Nebius reports $33.585B of remaining performance obligations as of Mar 31, versus the $46B headline; shares fell 15% on July 24 to close $187.77, highlighting execution risk between contracts and capacity delivery Anchor contracts: Microsoft ~ $17.4B (options toward ~$19.4B) and Meta committed $12B, with up to $15B optional - stripping Meta optional capacity leaves roughly $29B of firm hyperscaler commitments Conversion profile concentrates risk - 29% of the $33.59B RPO expected within 24 months, 39% in months 25-48; Nebius has >3.5GW contracted, a >4GW year-end target, and connected power guided to 800MW-1GW by end-2026 Q1 cash dynamics: OCF $2.258B, capex $2.473B, deferred revenue +$3.198B - underlying OCF ~-$940M pre-capex and economic cash consumption ~-$3.4B; closed $775M secured facility at SOFR+2.50% maturing 2030 Valuation vs solvency mismatch - trading ~66x trailing sales versus peers, yet net cash ~$848M (cash $9.30B, debt $8.45B), Altman Z 3.25 and GNG Quant Score 72.0, implying high multiple priced for flawless execution
The Forge After the Screen: Four Large-Cap Vulcan Garp Quant Strong Buys
Rules-based screen filtered US equities market cap > $10B, GNG Quant Strong Buy, analyst Buy+, ≥5% upside - output 43 candidates, tech-heavy bench with cyclicals, energy, materials presence Vulcan overlay imposed one-per-sector, GARP sanity, split raw vs investable scores, live-price cross-checks - narrowed 43 to 4 to preserve factor strength while limiting sector concentration Micron (MU): GNG Quant 76.3, analyst upside ~52%, forward P/E ~6x, PEG ~0.14, 12-month return >700%, $250B fab buildout, LT deals cover ~20% DRAM and ~30% NAND - staged entry advised Final four serve distinct portfolio roles - MU memory growth, GOOGL platform durability, STRL industrial infrastructure, EVR capital-markets anvil - construct a cross-sector GARP basket Risk and execution guidance - avoid momentum chases, favor staged buys and live-price validation, cap single-name exposure, prioritize quality and balance-sheet-backed growth over stale upside
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Frequently Asked Questions About NBIS
- Does NBIS pay dividends?
- Nebius Group N.V. (NBIS) does not currently pay a regular dividend.
- What is NBIS's P/E ratio?
- Nebius Group N.V. has a price-to-earnings (P/E) ratio of 343.87.
- What is NBIS's market cap?
- Nebius Group N.V. (NBIS) has a market capitalization of $56.87B with a current stock price of $206.32.
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