ATLASATLAS fair value
ZAR 984.24
Below fair value · 31% discount
Range: ZAR 750–ZAR 1,316Fair valuePrice
Naspers (NPN.JSE)
Naspers share price today, ATLAS forecast and fair value
Consumer Cyclical · Internet Retail · Johannesburg Stock Exchange · South Africa
ZAR 677.23▼ -1.03%
Prices as of Oct 26, 2026 · ZAR
Chance of rising in 1 month
51%
that it ends higher than today in 21 sessions
0%coin flip 50%100%
This is just the summary. See everything on Naspers in ATLAS
ATLAS's own quantitative analysis, all in one place.
- Simulation and expected rangeThousands of simulated scenarios: how far the price could rise or fall.
- Officers and shareholdersWho runs the company and which funds hold its shares.
- Customer and supplier mapWho it does business with, from its own filings.
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- Valuation and financialsFair value step by step, quarterly accounts and upcoming events.
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On Naspers
- Simulation and expected rangeThousands of simulated scenarios: how far the price could rise or fall.
- Officers and shareholdersWho runs the company and which funds hold its shares.
- Customer and supplier mapWho it does business with, from its own filings.
- Valuation and financialsFair value step by step, quarterly accounts and upcoming events.
- NewsThe latest on the company, in one place.
And for you
- ATLAS builds your portfolioAnswer a short test and get portfolios that fit you.
- AlertsWe let you know when something changes in your stocks.
- Crisis simulatorHow your portfolio would do in a crash like 2008.
- Practice risk-free$10,000 in virtual money to invest at real prices.
- Global screenerSearch US stocks and stocks from 47 countries with filters.
Plans from €3.99 a month.
ATLAS estimates Naspers's fair value at about ZAR 984.24 per share (reasonable range: ZAR 749.51 to ZAR 1,316). At ZAR 677.23, the stock trades 31% below it.
It is calculated with a discounted cash-flow model. Confidence in the estimate is medium. It is an estimate, not a promise: if the company's results change, so does its fair value.
ATLAS's model gives Naspers a 51% chance of finishing higher a month from now (21 trading sessions) than today: close to a coin flip.
In half of the simulated outcomes the price ends between ZAR 640.47 and ZAR 717.91; in 9 out of 10, between ZAR 578.83 and ZAR 794.35. Estimated annual volatility is 33%.
Price, last 12 months (weekly close)
Key numbers
- Market cap
- ZAR 536B
- Market cap (USD)
- $32.2B
- P/E ratio
- 6.8
- 52-week high
- ZAR 1,296
- 52-week low
- ZAR 650.56
- Gross margin
- 44.4%
- Operating margin
- -6.1%
- Net margin
- 45.8%
- Beta
- 0.67
What this means
These are two different questions: fair value looks at the business (what it is worth given what it earns) and the odds look at the price over the next month. Naspers sits below fair value and its odds of rising over a month are close to a coin flip. An expensive stock can keep climbing and a cheap one can keep falling, which is why ATLAS shows the two readings separately.
Over the last 52 weeks NPN.JSE has traded between ZAR 650.56 and ZAR 1,296. Today it is 47.7% below that high and 4% above its low.
On the business: net margin is 45.8%; it trades at 6.8 times earnings.
Its beta is 0.67: it tends to move less than the market.
About the company
Naspers Limited operates as a consumer internet company in Africa, Asia, Europe, and internationally.
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Comparable companies
Other companies in the same line of business:
Frequently asked questions
What is Naspers (NPN.JSE) fair value?
About ZAR 984.24 per share according to ATLAS (reasonable range: ZAR 749.51 to ZAR 1,316). With the stock at ZAR 677.23, it is 31% below it.
What is the chance NPN.JSE goes up next month?
51%: close to a coin flip. In half of the simulated outcomes, NPN.JSE ends the month between ZAR 640.47 and ZAR 717.91.
How big is Naspers and what is its P/E ratio?
Naspers's market capitalization is ZAR 536B. Its price-to-earnings (P/E) ratio is 6.8: you pay ZAR 6.78 for each ZAR 1.00 of yearly earnings.
How volatile is NPN.JSE?
ATLAS estimates annual volatility at 33%. In a typical month, half of the outcomes end between ZAR 640.47 and ZAR 717.91.
Not investment advice. ATLAS estimates are produced by statistical models from public data; they can be wrong and past performance does not predict future results. Consider your own situation before investing. Disclaimer