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Oil States International Inc (OIS) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Oil States International Inc stock $13.03, price $8.34, upside +56.2%, quality 55 out of 100. Rating: strongly undervalued. Calculated from audited financials with 10 of our 26 valuation models and 37 quality factors, updated daily.

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Energy US

OS Oil States International Inc logo Some data Nov 8, 2026

Oil States International Inc

OIS · US
Meets all rules

The stock costs 36% less than our calculation considers fair.

Fair value $13.03 · Strongly undervalued
Low debt
Generates free cash flow
Ranks above peers (8/13)
Positive coverage
Even on cautious assumptions the value is 25% above the price ($10.40).
Quality 55/100
Some data
Weak Growth (revenue 5y +1.0 %/yr in USD)
Loss-making · -16.5% net margin (TTM)
Narrow moat 16/100
⟳ Cyclical
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$14.39 $3.25 Fair Value $13.03 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.

How to read this chart

60‑month range $3.25 – $14.39 · fair‑value band $10.40 – $15.68 · the $8.34 price screens below the $13.03 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.

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Company profile

Oil States International, Inc., through its subsidiaries, provides engineered capital equipment and consumable products for energy, industrial, and military sectors worldwide.

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The company operates through three segments, Completion and Production Services, Downhole Technologies, and Offshore Manufactured Products.

The Completion and Production Services segment offers a range of equipment and services that are used to establish and maintain the flow of oil and natural gas from a well throughout its life cycle.

The Downhole Technologies segment provides oil and gas perforation systems, and downhole tools in support of completion, intervention, wireline, and well abandonment operations.

This segment also designs, manufactures, and markets its consumable engineered products to oilfield service, and exploration and production companies.

The Offshore Manufactured Products segment designs, manufactures, and markets capital equipment utilized on floating production systems, subsea pipeline infrastructure, and offshore drilling rigs and vessels.

Its products include flexible bearings, advanced connector systems, high-pressure riser systems, managed pressure drilling systems, deepwater mooring systems, cranes, subsea pipeline products, and blow-out preventer stack integration products.

This segment also provides short-cycle products; and other products for use in industrial, military, alternative energy, and other applications. In addition, it offers specialty welding, fabrication, cladding and machining, offshore installation, and inspection and repair services.

The company serves various national oil and natural gas, major and independent oil and natural gas, offshore drilling and other oilfield service, and defense and industrial companies. The company was incorporated in 1995 and is headquartered in Houston, Texas.

Stock analysis

Oil States International Inc (OIS) currently trades at $8.34, while our model-based Fair Value estimate is $13.03, implying the stock looks roughly 36% undervalued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of $14.22 per share, and 8 of the 10 models we run sit above the $8.34 price.

Bear case: the Asset-Based group reads lowest at $3.09, and 2 of the 10 models stay below the price. Data coverage for this calculation is medium.

Scenario range: $10.40 (bear) to $15.68 (bull), the price of $8.34 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 55/100 (solid quality), in the Energy sector.

Weak Growth: Revenue growth is weak: less than 2 % a year.

Oil States International Inc reported revenue of $669M in FY2025 versus $573M in FY2021, a compound +3.9%/yr. Reported net income was −$109M in FY2025.

Key figures

Market cap $499M Small · P/E ex one-offs 22.5 · P/S ratio 0.88 · EPS (TTM) $−1.82 · Net margin −16.5% · Return on equity −16.8% · Return on assets (EBIT) −0.7% (5-year average) · Operating margin 3.7%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (medium confidence).

What moves the price

The share trades about 42% below its 52-week high and 42% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Energy peers we cover trades at −32% fair-value upside, at 56%, OIS screens cheaper than that median.

Fair Value models

Bear $10.40 Fair Value $13.03 Bull $15.68
Price $8.34 · Upside +56.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF $11.14 $13.93 $18.49 82
Growth DCF $11.43 $14.05 $18.03 80
5Y EBITDA Exit $7.22 $8.62 $10.47 77
All 10 models by family
DCF Models
FCF DCF $11.14 $13.93 $18.49 82
5Y Revenue Exit $10.40 $14.11 $19.49 73
5Y EBITDA Exit $7.22 $8.62 $10.47 77
10Y Revenue Exit $10.50 $13.03 $15.68 68
10Y EBITDA Exit $8.99 $10.03 $11.02 70
Multiples
EV/EBITDA $2.93 $4.00 $5.07 67
EV/Revenue $9.10 $13.13 $17.15 53
Asset-Based
NCAV (Graham) $2.04 $3.09 $3.87 54
Growth DCF
Growth DCF $11.43 $14.05 $18.03 80
Rev-Margin DCF $10.40 $14.39 $19.32 73

Open the full fair value analysis →

Quality Score breakdown

Overall quality 55/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 14
How much profit the company makes from its sales and capital
Quality Growth 23
Are margins and returns getting better?
Cashflow 57
Do the profits arrive as real cash?
Financial strength 73
Debt, balance sheet and risk of trouble
Investment 95
Does it invest with discipline instead of growing at any price?
Low Volatility 32
How calm the share price moves, does not count
Price momentum 49
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 51
Distance to the 52-week high, does not count
New shares 91
Buys back shares or issues new ones?

Open the full quality analysis →

Insider trades

In the last 6 months, no officer or director bought or sold shares on the open market.

  • SaleDarrell E HollekDirector42,511 shares at $11.61$493,553Mar 31, 2026
  • SaleCindy B TaylorPresident & CEO, Director14,760 shares at $6.75$99,630Dec 16, 2025

Plus 8 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.

Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.

Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 30/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−3.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−3.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.0%
Start year 2020 (pandemic). Over 10 years: −4.9% a year
Revenue growth 27 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.3%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−16.8% (2020) → −0.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−7.2%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+5.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −9.4% a year for the price and +3.4% for the forecasts.
Forecast 2026 (sales)−3.9%
Forecast 2027 (sales)+10.0%
Projected 2028 (sales)+9.0%
Projected 2029 (sales)+8.0%
Projected 2030 (sales)+7.0%

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Recent news

News mood ⓘNews mood, the average tone of recent news (90 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation. Positive
Recent news coverage is more positive than average.

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas Equipment & Services · 166 stocks

Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 55 · Above median
Fair Value upside +56.2% · Top 25%
Profitability
Return on assets −12.4% · Bottom 25%
Net margin (12 months) −16.5% · Bottom 25%
Operating margin (12 months) 3.7% · Below median
Growth and dividend
Revenue growth (quarter YoY) 2.8% · Below median
Balance sheet
Debt / equity 0.00× · Lowest 25%

Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper

P/B 0.87× · Cheaper than median
P/S (12 months) 0.77× · Cheaper than median
Price / free cash flow (fiscal year) 6.8× · Cheaper than median
EV/EBITDA 7.5× · Cheaper than median
PEG 1.01× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 23
FUTURE (revenue growth)14 · sector 36
PAST (return on equity)0 · sector 28
HEALTH (low debt)100 · sector 92
DIVIDEND (yield)0 · sector 44

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

Similar stocks

10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Gaztransport & Technigaz SA GTT €181.30 €199.62 +10% vs OIS
Yantai Jereh Oilfield Services Group 002353 ¥79.44 ¥87.38 +10% vs OIS
China Oilfield Services Limited 601808 ¥12.75 ¥13.04 +2% vs OIS
Subsea 7 S.A SUBC kr 304.80 kr 257.37 −16% vs OIS
Halliburton Company HAL $31.84 $21.72 −32% vs OIS
Baker Hughes Company BKR $47.87 $32.37 −32% vs OIS
Tenaris S.A TEN €26.64 €17.68 −34% vs OIS
Saipem SpA SPM €4.24 €2.72 −36% vs OIS
SLB N.V SLB $49.92 $29.03 −42% vs OIS
TechnipFMC plc FTI $63.52 $28.12 −56% vs OIS

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Oil States International Inc: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Oil States International Inc Fair Value". https://www.fairvalue-calculator.com/stock/OIS

Frequently asked questions

Is Oil States International Inc (OIS) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $13.03 versus a price of $8.34, about +56% upside (undervalued).
What is the fair value of OIS?
Our model-based fair value for Oil States International Inc is $13.03 (as of Nov 8, 2026), built from audited fundamentals. The current price: $8.34.
What is the quality score of OIS?
Oil States International Inc has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Oil States International Inc (OIS)?
Our model-based price target is the fair value of $13.03 (as of Nov 8, 2026) from 10 valuation models. Cautious scenario $10.40, optimistic scenario $15.68. It is a calculation from audited fundamentals, not an analyst target.
What is the Oil States International Inc stock forecast for 2026?
Our models put fair value at $13.03, about +56% upside versus a price of $8.34 (undervalued). Cautious scenario $10.40, optimistic scenario $15.68. The calculation is refreshed regularly with new filings.
What is the revenue of Oil States International Inc (OIS)?
Oil States International Inc reported trailing-twelve-month revenue of about $650M (latest available figure, as of Nov 8, 2026).
What growth is priced into Oil States International Inc (OIS)?
For today's price to be fair in a discounted-cash-flow model, Oil States International Inc would have to grow free cash flow by -7.2 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.0 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of OIS use?
Our models discount Oil States International Inc at 11.8 %: a base by market capitalisation (small), damped by beta 1.20, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Oil States International Inc that is -7.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Oil States International Inc (OIS) delivered so far?
Over the past 5 years revenue at Oil States International Inc grew +1.0 % a year. The price currently implies free-cash-flow growth of -7.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Oil States International Inc (OIS) growing?
The median revenue growth in the sector is +14.3 % a year. That is the yardstick for the growth priced into Oil States International Inc (-7.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Oil States International Inc (OIS)?
The free-cash-flow yield on the price is 15.12 %: that much free cash flow Oil States International Inc produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Oil States International Inc (OIS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Oil States International Inc it is $13.03 per share (as of Nov 8, 2026), against a price of $8.34. It is the blended result of 10 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Oil States International Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, OIS trades below its calculated fair value: price $8.34, fair value $13.03, a gap of about +56% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of OIS?
No. The price is what the market pays today ($8.34); the fair value is what the company's own numbers justify ($13.03). For Oil States International Inc the two are $4.69 per share apart. That gap is exactly why we show both numbers side by side.
How much is Oil States International Inc worth?
The market values Oil States International Inc at about $499M (market capitalisation, as of Nov 8, 2026). Per share that is $8.34; our models calculate a fair value of $13.03 per share.
What do the bullish and bearish scenarios say about OIS?
Our models span a range for Oil States International Inc: cautious scenario $10.40, base $13.03, optimistic $15.68 per share (as of Nov 8, 2026, price $8.34). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of OIS?
The PEG ratio of Oil States International Inc is 1.01 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Oil States International Inc (OIS)?
Balance-sheet figures for Oil States International Inc (as of Nov 8, 2026): return on equity −16.8%, debt of 0.00 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is OIS from its 52-week high?
Oil States International Inc trades at $8.34, about 42% below its 52-week high of $14.39 and 42% above the low of $5.86 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $13.03 is for.
Which stocks are comparable to Oil States International Inc?
From the same area (Energy) we also value SLB N.V, Baker Hughes Company, Tenaris S.A, Halliburton Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Oil States International Inc stock attractive at the current price?
The data as of Nov 8, 2026: price $8.34, calculated fair value $13.03 (+56%), Quality Score 55/100, from 10 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of OIS calculated?
We run Oil States International Inc through 10 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of $13.03 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Oil States International Inc currently trades 36% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Oil States International Inc (OIS)?
The closing price on Nov 6, 2026 was $8.34. Our model-based fair value is $13.03, about +56% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Oil States International Inc right now?
The price is below even our cautious bear case ($10.40). The market is more pessimistic than our downside scenario. Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.

Key figures of Oil States International Inc

How large is the market capitalisation of Oil States International Inc (OIS)?
The market capitalisation of Oil States International Inc is $499M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/E ratio of Oil States International Inc (OIS) excluding one-off items?
Excluding one-off items, the price-to-earnings ratio of Oil States International Inc is 22.5 (fiscal year 2025, the reported result was a loss).
What is the P/S ratio of Oil States International Inc (OIS)?
The price-to-sales ratio of Oil States International Inc is 0.88 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Oil States International Inc (OIS)?
Earnings per share at Oil States International Inc are $−1.82. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Oil States International Inc (OIS)?
The net margin of Oil States International Inc is −16.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Oil States International Inc (OIS)?
The return on equity (ROE) of Oil States International Inc is −16.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Oil States International Inc (OIS)?
On an EBIT basis the return on assets of Oil States International Inc is −0.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Oil States International Inc (OIS)?
The operating margin of Oil States International Inc is 3.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Oil States International Inc (OIS)?
Revenue at Oil States International Inc is growing +2.8% versus a year earlier (3y avg −3.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Oil States International Inc (OIS)?
Earnings per share at Oil States International Inc are growing +66.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Oil States International Inc (OIS) carry?
The net debt of Oil States International Inc is $17.7M (fiscal year 2025, ≈ 0.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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