NBIS vs VST: Which Is the Better Buy?
Side-by-side comparison of Nebius Group N.V. and Vistra Corp. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-09-19.
Nebius Group N.V. · Technology
$217.99
+45.0% upside to fair value
Med Conviction
Grade B
VS
Vistra Corp. · Utilities
$140.67
-23.0% upside to fair value
Med Conviction
Grade C
QuantHub Verdict
NBIS has more upside to fair value
(+45.0%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
NBIS |
VST |
| Current Price |
$217.99 |
$140.67 |
| Fair Value Estimate |
$316.09 |
$108.27 |
| Upside to Fair Value |
+45.0%
|
-23.0%
|
| Market Cap |
$52.3B |
$47.4B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
56.8x
|
10.3x
|
| Price / Sales |
38.6x
|
3.0x
|
| Price / FCF |
—
|
34.7x
|
| Revenue Growth YoY |
+454.0%
|
-5.5%
|
| Gross Margin |
58.6%
|
13.0%
|
| Operating Margin |
-49.3%
|
2.3%
|
| Return on Equity |
0.9%
|
41.5%
|
| Dividend Yield |
0% |
0.65% |
| FCF Yield |
—
|
2.88%
|
| Analyst Consensus |
Strong Buy
|
Strong Buy
|
Investment Thesis
Nebius Group N.V. is an Amsterdam-based AI infrastructure company, formerly Yandex N.V., that builds end-to-end GPU cloud clusters, cloud platforms and developer tools for demanding AI workloads, alongside Toloka AI data solutions, TripleTen education and Avride autonomous driving. The business is growing explosively, with revenue up 454.0% year over year in the most recent quarter, and it has de…
Vistra Corp. is a vertically integrated independent power producer and retail electricity supplier operating roughly 38,700 megawatts of generation across natural gas, nuclear, coal, solar, and battery storage, serving about 4.3 million retail customers in 20 states and the District of Columbia. The business quality is mixed: the diversified PJM and ERCOT fleet plus retail load is a genuine struc…
Accumulation Zones
| Metric |
NBIS |
VST |
| Zone Low |
$237.07 |
$81.20 |
| Zone High |
$268.68 |
$92.03 |
| In Buy Zone? |
Yes
|
No
|