Nabors Industries Ltd.

NYSE:NBR Stock Report

Market Cap: US$513.4m

Nabors Industries Valuation

Is NBR 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 NBR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NBR ($53.77) is trading below our estimate of fair value ($340.76)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for NBR. This is calculated by dividing NBR's market cap by their current revenue.
What is NBR's PS Ratio?
PS Ratio0.2x
SalesUS$2.93b
Market CapUS$513.39m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for NBR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.2x
VTDR.F Vantage Drilling International
1.6xn/aUS$339.0m
PKDC Parker Drilling
0.5xn/aUS$278.4m
SDRL Seadrill
1.6x9.2%US$2.4b
VAL Valaris
1.3x9.3%US$2.9b
NBR Nabors Industries
0.2x4.7%US$513.4m

Price-To-Sales vs Peers: NBR is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (1.2x).

Price to Sales Ratio vs Industry

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

9 CompaniesPrice / SalesEstimated GrowthMarket Cap
KLXE KLX Energy Services Holdings
0.1x3.4%US$75.37m
NINE Nine Energy Service
0.08x3.3%US$42.36m
ENGC ENGlobal
0.08xn/aUS$1.96m
CELP.Q Cypress Environmental Partners
0.003xn/aUS$370.83k
NBR 0.2xIndustry Avg. 0.9xNo. of Companies11PS00.61.21.82.43+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: NBR is good value based on its Price-To-Sales Ratio (0.2x) compared to the US Energy Services industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

What is NBR'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.

NBR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.2x
Fair PS Ratio0.8x

Price-To-Sales vs Fair Ratio: NBR is good value based on its Price-To-Sales Ratio (0.2x) compared to the estimated Fair Price-To-Sales Ratio (0.8x).

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 NBR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$53.77
US$87.50
+62.7%
15.4%US$115.00US$75.00n/a8
Dec ’25US$73.43
US$87.33
+18.9%
14.6%US$115.00US$75.00n/a9
Nov ’25US$72.01
US$87.11
+21.0%
14.6%US$115.00US$75.00n/a9
Oct ’25US$68.83
US$93.44
+35.8%
17.8%US$115.00US$75.00n/a9
Sep ’25US$75.37
US$103.78
+37.7%
16.1%US$140.00US$79.00n/a9
Aug ’25US$93.35
US$100.89
+8.1%
17.6%US$140.00US$79.00n/a9
Jul ’25US$70.06
US$101.89
+45.4%
19.3%US$150.00US$79.00n/a9
Jun ’25US$74.76
US$104.67
+40.0%
18.6%US$150.00US$79.00n/a9
May ’25US$70.99
US$104.78
+47.6%
18.5%US$150.00US$79.00n/a9
Apr ’25US$87.16
US$107.33
+23.1%
15.5%US$150.00US$88.00n/a9
Mar ’25US$81.63
US$107.33
+31.5%
15.5%US$150.00US$88.00n/a9
Feb ’25US$82.49
US$112.89
+36.9%
17.9%US$160.00US$88.00n/a9
Jan ’25US$81.63
US$122.60
+50.2%
18.8%US$165.00US$88.00n/a10
Dec ’24US$87.31
US$131.20
+50.3%
15.2%US$165.00US$100.00US$73.4310
Nov ’24US$95.44
US$132.40
+38.7%
14.3%US$165.00US$110.00US$72.0110
Oct ’24US$123.14
US$138.90
+12.8%
10.5%US$161.00US$112.00US$68.8310
Sep ’24US$121.14
US$139.60
+15.2%
11.3%US$168.00US$112.00US$75.3710
Aug ’24US$119.97
US$140.20
+16.9%
11.0%US$168.00US$112.00US$93.3510
Jul ’24US$93.03
US$149.89
+61.1%
30.7%US$262.00US$91.00US$70.069
Jun ’24US$87.56
US$153.11
+74.9%
28.4%US$262.00US$110.00US$74.769
May ’24US$97.84
US$170.89
+74.7%
31.2%US$262.00US$110.00US$70.999
Apr ’24US$121.91
US$209.33
+71.7%
17.8%US$287.00US$155.00US$87.169
Mar ’24US$153.76
US$209.33
+36.1%
17.8%US$287.00US$155.00US$81.639
Feb ’24US$176.27
US$200.67
+13.8%
17.0%US$287.00US$155.00US$82.499
Jan ’24US$154.87
US$187.89
+21.3%
16.3%US$252.00US$140.00US$81.639
Dec ’23US$155.46
US$186.22
+19.8%
17.3%US$252.00US$140.00US$87.319

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.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 03:24
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Nabors Industries Ltd. is covered by 58 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullArgus Research Company
Waqar SyedATB Capital Markets
Tim MonachelloATB Capital Markets