Nabors Industries Valuation

Is NBI1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NBI1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NBI1 (€63.5) is trading below our estimate of fair value (€337.31)

Significantly Below Fair Value: NBI1 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for NBI1?

Key metric: As NBI1 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for NBI1. This is calculated by dividing NBI1's market cap by their current revenue.
What is NBI1's PS Ratio?
PS Ratio0.2x
SalesUS$2.93b
Market CapUS$640.86m

Price to Sales Ratio vs Peers

How does NBI1's PS Ratio compare to its peers?

The above table shows the PS ratio for NBI1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.8x
4DS Daldrup & Söhne
1x1.3%€57.8m
VH2 Friedrich Vorwerk Group
1.2x10.2%€513.0m
VBK Verbio
0.5x7.7%€717.8m
CE2 CropEnergies
0.8x-14.0%€1.0b
NBI1 Nabors Industries
0.2x4.7%€640.9m

Price-To-Sales vs Peers: NBI1 is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.9x).


Price to Sales Ratio vs Industry

How does NBI1's PS Ratio compare vs other companies in the European Energy Services Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
NBI1 0.2xIndustry Avg. 0.8xNo. of Companies10PS00.61.21.82.43+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: NBI1 is good value based on its Price-To-Sales Ratio (0.2x) compared to the European Energy Services industry average (0.8x).


Price to Sales Ratio vs Fair Ratio

What is NBI1's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NBI1 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.9x

Price-To-Sales vs Fair Ratio: NBI1 is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NBI1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€63.50
€83.42
+31.4%
15.4%€109.64€71.51n/a8
Dec ’25€69.00
€82.46
+19.5%
14.6%€108.58€70.82n/a9
Nov ’25€66.00
€80.39
+21.8%
14.6%€106.12€69.21n/a9
Oct ’25€57.00
€84.42
+48.1%
17.8%€103.89€67.76n/a9
Sep ’25€67.50
€93.62
+38.7%
16.1%€126.29€71.27n/a9
Aug ’25€86.50
€93.01
+7.5%
17.6%€129.07€72.83n/a9
Jul ’25€65.50
€95.11
+45.2%
19.3%€140.03€73.75n/a9
Jun ’25€65.50
€97.03
+48.1%
18.6%€139.05€73.23n/a9
May ’25€67.50
€98.00
+45.2%
18.5%€140.30€73.89n/a9
Apr ’25€79.35
€99.05
+24.8%
15.5%€138.42€81.21n/a9
Mar ’25€75.00
€99.05
+32.1%
15.5%€138.42€81.21n/a9
Feb ’25€75.10
€103.88
+38.3%
17.9%€147.23€80.98n/a9
Jan ’25€73.45
€111.32
+51.6%
18.8%€149.82€79.90n/a10
Dec ’24€78.95
€120.64
+52.8%
15.2%€151.72€91.95€69.0010
Nov ’24€89.90
€125.10
+39.2%
14.3%€155.91€103.94€66.0010
Oct ’24€116.20
€131.39
+13.1%
10.5%€152.29€105.94€57.0010
Sep ’24€100.90
€129.05
+27.9%
11.3%€155.30€103.53€67.5010
Aug ’24€108.40
€127.50
+17.6%
11.0%€152.78€101.85€86.5010
Jul ’24€85.00
€140.13
+64.9%
30.7%€244.94€85.08€65.509
Jun ’24€81.10
€141.72
+74.7%
28.4%€242.51€101.82€65.509
May ’24€89.75
€155.77
+73.6%
31.2%€238.81€100.27€67.509
Apr ’24€111.00
€197.44
+77.9%
17.8%€270.70€146.20€79.359
Mar ’24€144.00
€197.44
+37.1%
17.8%€270.70€146.20€75.009
Feb ’24€161.00
€185.20
+15.0%
17.0%€264.87€143.05€75.109
Jan ’24€146.00
€177.01
+21.2%
16.3%€237.41€131.89€73.459
Dec ’23€151.00
€190.93
+26.4%
17.3%€258.38€143.54€78.959

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


Discover undervalued companies