AACCE Investments
ScreenerStocksIndicesPicksETFsBlogPricing

© 2026 ACCE Investments. All rights reserved.

ACCE Investments - Institutional-grade stock research for retail investors | BetaList
IndicesStocksETFsScreenerBlogGlossaryCompareMarket dataAdvisors
TermsPrivacyCookiesDisclaimerLegal noticeProfessional termsAboutContact
NRG.PA

NRJ Group SA (NRG.PA) fair value

Communication Services · Broadcasting · Euronext Paris · France
€5.62-1.06%
Market cap €435MNext earnings 2025-07-28Updated Oct 22, 2026
Our verdict
Trades 44% above our fair value
Price
€5.62
Model fair valueConfidence: good
€3.91
Model range
€1.85 to €6.32
Fair value €3.91
Price €5.62
2 models fit NRJ Group SA and they disagree: 0 of 2 land within 15% of the average.
Two or more of our models back this value.
Large premium(i)
Valued as a mature, profitable company: P/E comparison and Dividend discount.
ACCE opinionNRJ Group SA (NRG.PA)
Fair value (2 models)
€3.91
ACCE price target
€5.80
Rating
Overvalued
Horizon
12 months
Fair value published on 22 Oct 2026, 13:04 CEST.
ACCE price target published on 23 Oct 2026, 01:52 CEST.
Rating published on 22 Oct 2026, 13:04 CEST.
Price used: €5.62 at the close on 23 Oct 2026, 17:30 CEST.
Models: P/E comparison and Dividend discount.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
43.6% above
-30.4% to fair value
ACCE score
53
out of 100
P/E
16.5x
forward 13.6x
1-year return
-30.6%
Dividend yield
4.01%

NRJ Group SA in four questions

Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

NRJ Group runs a portfolio of French radio stations, led by the NRJ, Chérie FM and Nostalgie brands, and monetises them mainly through advertising sales. Its edge is a set of mass-audience youth and music brands that have been hard to replicate, though revenue fell 3.0% and the 3.1% operating margin leaves little cushion against a soft ad market. The name is interesting now because the shares trade at 13.7 times forward earnings against 16.7 times trailing, which implies the market expects earnings to recover from the current base. The return on equity of 3.7% and the company's small size at about 440M EUR mean the case rests on whether margins can rebuild, so a deeper look should start with the advertising cycle and the cost base.

AI-assisted·How I use AIWritten Oct 23, 2026

Walk me through this stock

Plain-English pros, cons, and what to watch. Pro feature.

PRO

Ask ACCE

Valuation

INVESTOR
Where NRG.PA's valuation models land
Price
€5.62
Model fair value
€3.91
Model range
€1.85 to €6.32
Fair value €3.91
Price €5.62
The price sits inside the model range.
Model
Fair value
Upside
Dividend discount
P/E comparison
Create a free account: 5 full stock pages a month, no card.

See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.

Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

No analyst coverage yet.
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
Do politicians beat the market? Our backtest →
Smart money tracking PRO FEATURE

Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.

  • +Quarter-over-quarter institutional position changes
  • +Every insider and Congress trade, with how late it was disclosed
  • +Active 13D activist filings and top holders

Compare

Where it sits vs peers

News and Record

Recent performance

1 week
-1.4%
1 month
-6.3%
3 months
-16.9%
6 months
-21.9%
YTD
-30.4%
1 year
-30.6%

Recommendation history, last 12 months

DateTypeNewPreviousPrice
23 Oct 2026, 01:52 CESTACCE price target€5.80first publication€5.68
22 Oct 2026, 13:04 CESTFair value€3.91first publication€5.76
22 Oct 2026, 13:04 CESTRatingOvervaluedfirst publication€5.76

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

This security trades in EUR. Exchange-rate movements can increase or reduce the result in your own currency.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

Get the full NRG.PA page, free

Every model, the scenarios, fair value history, AI notes and the four questions. 5 full stock pages every month on the free plan, no card.

Free accounts get 5 full stock pages a month, including the full page.

Snapshot

Growth43Value82Quality68Momentum17Total53
Valuation
Trailing P/E
16.5x
Forward P/E
13.6x
PEG
0.44
P/B
0.61x
EV / Revenue
0.3x
Book value/sh
€9.79
Enterprise value
€92M
Profitability
ROE
3.7%
FCF yield
13.52%
ROIC
8.4%
Health and risk
Debt / equity
0.05
Dividend yield
4.01%
Beta
0.26

Price

-30.4% · 1Y

Ask anything about NRG.PA

Answered from NRJ Group SA fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 20% of peers
low 0.0x16.5xhigh 396.5x
ROEbetter than 83% of peers
low -2444%4%high 20%
Div yieldbetter than 67% of peers
low 0.0%4.0%high 7.8%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
NRG.PA NRJ Group SA€5.62€444% above16.5x3.7%6853
GTN Gray Media Inc. Common Stock$4.70----0.9%3858
PSM.DE ProSiebenSat.1 Media SE€3.21€1170% below--7.0%3043
IHRT iHeartMedia Inc. Class A Common Stock$1.72----2444.0%3038
SBGI Sinclair Inc. Class A Common Stock$12.80$6101% above16.1x20.4%4846
FUBO FuboTV Inc. Class A Common Stock$8.16----5.1%1744
NMAX Newsmax Inc. Class B Common Stock$8.17--396.5x-5.8%3943

Sector report card

Where NRG.PA ranks against its sector peers on each metric.

Computing percentiles…