Nabors Energy Transition Corp.

NYSE:NETC Stock Report

Market Cap: US$179.7m

Nabors Energy Transition Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate NETC's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate NETC's fair value for valuation analysis.

Key Valuation Metric

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

Key metric: As NETC is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for NETC. This is calculated by dividing NETC's market cap by their current book value.
What is NETC's PB Ratio?
PB Ratio-17.3x
Book-US$10.64m
Market CapUS$179.73m

Price to Book Ratio vs Peers

How does NETC's PB Ratio compare to its peers?

The above table shows the PB ratio for NETC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average54.7x
EARN Ellington Credit
1x28.8%US$194.4m
IBAC IB Acquisition
124xn/aUS$158.4m
ESHA ESH Acquisition
92.6xn/aUS$156.6m
WHG Westwood Holdings Group
1.1xn/aUS$131.5m
NETC Nabors Energy Transition
n/an/aUS$179.7m

Price-To-Book vs Peers: NETC has negative equity and a Price-To-Book Ratio (-17.3x) compared to the peer average (17.8x).

Price to Book Ratio vs Industry

How does NETC's PB Ratio compare vs other companies in the US Capital Markets Industry?

8 CompaniesPrice / BookEstimated GrowthMarket Cap
AMTD AMTD IDEA Group
0.06xn/aUS$81.91m
JPPY.Y Jupai Holdings
0.02xn/aUS$1.91m
NCPL Netcapital
0.04xn/aUS$1.51m
LGHL Lion Group Holding
0.04xn/aUS$1.21m
NETC is unprofitableIndustry Avg. 1.7xNo. of Companies14PB00.61.21.82.43+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: NETC has negative equity and a Price-To-Book Ratio (-17.3x) compared to the US Capital Markets industry average (-10.8x).

Price to Book Ratio vs Fair Ratio

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

NETC PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio-17.3x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate NETC's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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