--- title: "Assessing NEXON (TSE:3659) Valuation As Recent Share Price Weakness Meets Mixed Growth Signals" type: "News" locale: "en" url: "https://longbridge.com/en/news/284058338.md" description: "NEXON (TSE:3659) has faced recent share price weakness, with negative returns over various periods. Despite a 19.66% total shareholder return over the past year, the stock is currently trading at ¥2,654.5, which is considered 7.1% overvalued based on a fair value estimate of ¥2,477.76. Analysts suggest that the market may be overly cautious regarding future growth, as the current P/E ratio of 22.8x is below the fair ratio of 26.6x. Investors are encouraged to assess potential risks and rewards before making decisions." datetime: "2026-04-24T22:00:27.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284058338.md) - [en](https://longbridge.com/en/news/284058338.md) - [zh-HK](https://longbridge.com/zh-HK/news/284058338.md) --- # Assessing NEXON (TSE:3659) Valuation As Recent Share Price Weakness Meets Mixed Growth Signals ## NEXON stock performance snapshot NEXON (TSE:3659) has drawn fresh attention after a period of weaker share performance, with the stock showing negative returns over the past week, month, past 3 months, and year to date. Against that backdrop, investors are weighing the company’s recent annual revenue of ¥475,102 and net income of ¥92,052, alongside reported annual revenue growth of 4.56% and net income growth of 10.44%. See our latest analysis for NEXON. Despite a 19.66% 1 year total shareholder return, the share price has come under pressure recently. The 30 day share price return is 9.83% and the 90 day share price return is 39.96%, suggesting momentum has been fading even as investors reassess growth prospects and risks. If NEXON’s recent swings have you reassessing your watchlist, it could be a good time to broaden your search and check out 11 top founder-led companies With NEXON trading at ¥2,654.5 and metrics pointing to a small intrinsic discount alongside a roughly 35% gap to analyst targets, you have to ask: is this a genuine buying opportunity, or is future growth already priced in? ## Most Popular Narrative: 7.1% Overvalued The most followed narrative puts NEXON’s fair value at ¥2,477.76, which sits below the last close at ¥2,654.5 and frames the recent share price correction as only a partial reset. > _The assumed bearish price target for NEXON is ¥2477.76, which represents up to two standard deviations below the consensus price target of ¥3756.42. This valuation is based on what can be assumed as the expectations of NEXON's future earnings growth, profit margins and other risk factors from analysts on the more bearish end of the spectrum._ _Read the complete narrative._ Analysts in this narrative are not just plugging in generic growth. They are incorporating firmer margins, steady top line progress, and a lower future earnings multiple. Curious which assumptions really pull that fair value down and how much the model leans on buybacks versus profit expansion. **Result: Fair Value of ¥2,477.76 (OVERVALUED)** Have a read of the narrative in full and understand what's behind the forecasts. However, if newer titles gain traction and live service offerings keep players engaged for longer, those bearish assumptions on growth and margins could quickly look too cautious. Find out about the key risks to this NEXON narrative. ## Another way to look at valuation The narrative labels NEXON as 7.1% overvalued at ¥2,654.5 using analyst targets and earnings assumptions. Yet on a simple P/E basis, the picture is mixed, with the current 22.8x below a fair ratio of 26.6x, above the JP Entertainment average of 17.6x, and below the peer average of 26x. This raises the question of whether the market is applying a healthy discount or being too cautious about future delivery. See what the numbers say about this price — find out in our valuation breakdown. TSE:3659 P/E Ratio as at Apr 2026 ## Next Steps Mixed signals on value and growth so far. If you want to move quickly and form your own view, start by weighing the 2 key rewards and 3 important warning signs. ## Ready to find your next idea? If NEXON has sharpened your focus on price, quality, and risk, do not stop here. Widen your search and pressure test your ideas with targeted stock lists. - Target stability and capital protection by scanning companies that show resilient fundamentals through the 49 resilient stocks with low risk scores. - Hunt for potential value opportunities with strong cash generation and balance sheets using the 17 high quality undervalued stocks. - Spot dependable income candidates with meaningful yields and payout histories through the 36 dividend fortresses. _This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._ ### Valuation is complex, but we're here to simplify it. Discover if NEXON might be undervalued or overvalued with our detailed analysis, featuring **fair value estimates, potential risks, dividends, insider trades, and its financial condition.** Access Free Analysis ### Related Stocks - [NEXOY.US](https://longbridge.com/en/quote/NEXOY.US.md) - [3659.JP](https://longbridge.com/en/quote/3659.JP.md) - [GAMR.US](https://longbridge.com/en/quote/GAMR.US.md) - [HERO.US](https://longbridge.com/en/quote/HERO.US.md) - [ESPO.US](https://longbridge.com/en/quote/ESPO.US.md) ## Related News & Research - [Key facts: NEXON Q1 GAAP Net Income ¥57.225B; ¥30B Buyback up to 1.8%](https://longbridge.com/en/news/286484136.md) - [Nexon Launches Up to JPY 30 Billion Share Buyback to Boost Capital Efficiency](https://longbridge.com/en/news/286377659.md) - [Nexon and Electronic Arts Extend Publishing Partnership for FC Franchise in Korea](https://longbridge.com/en/news/286489475.md) - [09:08 ETGIGABYTE Announces OLED Monitor Bundle with Xbox Game Pass Ultimate, Elevating Gaming Across Every Genre](https://longbridge.com/en/news/286571363.md) - [Gaming firm GDEV's Q1 revenue rises 2% on higher in-app purchases](https://longbridge.com/en/news/286910157.md)