Helmerich & Payne Inc. (0J4G) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Helmerich & Payne Inc. $19.35, price $38.91, upside -50.3%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $10.71 – $52.49 · fair‑value band $10.29 – $28.40 · the $38.91 price screens above the $19.35 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Helmerich & Payne, Inc., together with its subsidiaries, provides drilling solutions and technologies for oil and gas exploration and production companies. The company operates through North America Solutions, Offshore Solutions, and International Solutions segments. The North America Solutions segment conducts operations primarily in Texas.
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Helmerich & Payne, Inc., together with its subsidiaries, provides drilling solutions and technologies for oil and gas exploration and production companies. The company operates through North America Solutions, Offshore Solutions, and International Solutions segments. The North America Solutions segment conducts operations primarily in Texas. The Offshore Solutions segment has drilling operations in Louisiana and in U.S. federal waters the North Sea and Norwegian Sea off the coast of Norway, Caspian Sea and other international waters. The International Solutions segment conducts drilling operations in Saudi Arabia, Argentina, Bahrain, Oman, Germany, and Kuwait. The company focuses on developing, promoting, and commercializing technologies designed to enhance the drilling operations, as well as wellbore quality and placement. It also owns and operates commercial real estate properties. In addition, the company's real estate investments include a shopping center. Helmerich & Payne, Inc. was founded in 1920 and is headquartered in Tulsa, Oklahoma.
Stock analysis
Helmerich & Payne Inc. (0J4G) currently trades at $38.91, while our model-based Fair Value estimate is $19.35, 50.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $33.31 per share, and 3 of the 16 models we run sit above the $38.91 price.
Bear case: the Earnings-Based group reads lowest at $11.23, and 13 of the 16 models stay below the price. Evidence for this calculation is medium.
Scenario range: $10.29 (bear) to $28.40 (bull), the price of $38.91 sits above 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 43/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Helmerich & Payne Inc. reported revenue of $3.7B in FY2025 versus $1.2B in FY2021, a compound +32.4%/yr. Reported net income was −$165M in FY2025.
Key figures
Market cap $3.9B · EPS (TTM) $−1.80 · Dividend yield 2.6% · Net margin −4.4% · Return on equity −13.0% · Return on assets (EBIT) 3.4% · Operating margin −1.2% · Revenue (TTM) $4.0B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 18% below its 52-week high and 79% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −11% fair-value upside, at −50%, 0J4G screens richer than that median.
Fair Value models
Bear $10.29Fair Value $19.35Bull $28.40
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.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.Evidence ⓘEvidence = 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.
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.62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+35.9%
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.
+22.1%
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.
+16.1%
Start year 2020 (pandemic). Over 10 years: +1.7% a year
Revenue growth 40 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.
+8.1%
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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.
−4.4% (2020) → 6.2% (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
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more 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).
+24.1%
Yearly growth needed for the next five years to justify today's price.
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.
+5.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +21.2% a year for the price and +3.2% for the forecasts.
Price, fair value, quality and upside side by side.
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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 Drilling · 33 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score43 · Below median
Fair Value upside−50.3% · Bottom 25%
Profitability
Return on assets1.0% · Bottom 25%
Net margin (TTM)−9.4% · Bottom 25%
Operating margin (TTM)−1.2% · Bottom 25%
Growth and dividend
Revenue growth−8.2% · Below median
Dividend yield (TTM)2.6% · Above median
Balance sheet
Debt / equity0.20× · Lowest 25%
Valuation Multiplesvs Oil & Gas Drilling median · lower = cheaper
P/B1.42× · Pricier than median
P/S (TTM)0.97× · Cheaper than median
P/FCF33.1× · Priciest 25%
EV/EBITDA5.0× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 27
FUTURE (revenue growth)0· sector 0
PAST (return on equity)0· sector 22
HEALTH (low debt)90· sector 80
DIVIDEND (yield)51· sector 31
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Helmerich & Payne Inc. Fair Value". https://www.fairvalue-calculator.com/stock/0J4G
Frequently asked questions
Is Helmerich & Payne Inc. (0J4G) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $19.35 versus a price of $38.91, about −50% upside (overvalued).
What is the fair value of 0J4G?
Our model-based fair value for Helmerich & Payne Inc. is $19.35 (as of Sep 24, 2026), built from audited fundamentals. The current price: $38.91.
What is the quality score of 0J4G?
Helmerich & Payne Inc. has a Quality Score of 43/100. 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 Helmerich & Payne Inc. (0J4G)?
Our model-based price target is the fair value of $19.35 (as of Sep 24, 2026) from 16 valuation models. Cautious scenario $10.29, optimistic scenario $28.40. It is a calculation from audited fundamentals, not an analyst target.
What is the Helmerich & Payne Inc. stock forecast for 2026?
Our models put fair value at $19.35, about −50% upside versus a price of $38.91 (overvalued). Cautious scenario $10.29, optimistic scenario $28.40. The calculation is refreshed regularly with new filings.
What is the revenue of Helmerich & Payne Inc. (0J4G)?
Helmerich & Payne Inc. reported trailing-twelve-month revenue of about $4.0B (latest available figure, as of Sep 24, 2026).
Does Helmerich & Payne Inc. pay a dividend?
Helmerich & Payne Inc. currently shows a dividend yield of about 2.57% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Helmerich & Payne Inc. (0J4G)?
For today's price to be fair in a discounted-cash-flow model, Helmerich & Payne Inc. would have to grow free cash flow by +24.1 % per year for five years (discount rate 9.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +16.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 0J4G use?
Our models discount Helmerich & Payne Inc. at 9.2 %: a base by market capitalisation (unknown), damped by beta 0.60, country premium for United Kingdom. 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 Helmerich & Payne Inc. that is +24.1 % per year a year over ten years, using the same discount rate (9.2 %) and the same formula as our fair value.
How much growth has Helmerich & Payne Inc. (0J4G) delivered so far?
Over the past 5 years revenue at Helmerich & Payne Inc. grew +16.1 % a year. The price currently implies +24.1 % per year free-cash-flow growth a 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 Helmerich & Payne Inc. (0J4G) growing?
The median revenue growth in the sector is +7.2 % a year. That is the yardstick for the growth priced into Helmerich & Payne Inc. (+24.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Helmerich & Payne Inc. (0J4G)?
The free-cash-flow yield on the price is 2.28 %: that much free cash flow Helmerich & Payne Inc. produces per unit of market value. When it exceeds the discount rate of our models (9.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Helmerich & Payne Inc. (0J4G)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Helmerich & Payne Inc. it is $19.35 per share (as of Sep 24, 2026), against a price of $38.91. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Helmerich & Payne Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0J4G trades above its calculated fair value: price $38.91, fair value $19.35, a gap of about −50% (overvalued). 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 0J4G?
No. The price is what the market pays today ($38.91); the fair value is what the company's own numbers justify ($19.35). For Helmerich & Payne Inc. the two are $19.56 per share apart. That gap is exactly why we show both numbers side by side.
How much is Helmerich & Payne Inc. worth?
The market values Helmerich & Payne Inc. at about $3.9B (market capitalisation, as of Sep 24, 2026). Per share that is $38.91; our models calculate a fair value of $19.35 per share.
What do the bullish and bearish scenarios say about 0J4G?
Our models span a range for Helmerich & Payne Inc.: cautious scenario $10.29, base $19.35, optimistic $28.40 per share (as of Sep 24, 2026, price $38.91). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Helmerich & Payne Inc. (0J4G)?
Balance-sheet figures for Helmerich & Payne Inc. (as of Sep 24, 2026): return on equity −13.0%, debt of 0.20 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 0J4G from its 52-week high?
Helmerich & Payne Inc. trades at $38.91, about 18% below its 52-week high of $47.24 and 79% above the low of $21.79 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $19.35 is for.
Which stocks are comparable to Helmerich & Payne Inc.?
From the same area (Industrials) we also value Noble Corporation, Transocean Ltd, Sinopec Oilfield Service Corporation, Valaris Limited, 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 Helmerich & Payne Inc. stock attractive at the current price?
The data as of Sep 24, 2026: price $38.91, calculated fair value $19.35 (−50%), Quality Score 43/100, from 16 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 0J4G calculated?
We run Helmerich & Payne Inc. through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $19.35, 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 14.5 % above its aggregate fair value. Helmerich & Payne Inc. itself currently trades above fair value. 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 Helmerich & Payne Inc. (0J4G)?
The closing price on Oct 2, 2026 was $38.91. Our model-based fair value is $19.35, about −50% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Helmerich & Payne Inc. right now?
The price sits above even our optimistic bull case ($28.40). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide ($10.29 to $28.40). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Where does the earnings growth of Helmerich & Payne Inc. (0J4G) come from?
Earnings per share at Helmerich & Payne Inc. grew −3.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share −1.4 %, EBIT margin −4.4 %, tax rate +1.3 %, residual (interest, one-offs) +1.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Helmerich & Payne Inc.
How large is the market capitalisation of Helmerich & Payne Inc. (0J4G)?
The market capitalisation of Helmerich & Payne Inc. is $3.9B. 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 are the earnings per share of Helmerich & Payne Inc. (0J4G)?
Earnings per share at Helmerich & Payne Inc. are $−1.80. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Helmerich & Payne Inc. (0J4G)?
The dividend yield of Helmerich & Payne Inc. is 2.6%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Helmerich & Payne Inc. (0J4G)?
The net margin of Helmerich & Payne Inc. is −4.4% (fiscal year 2025). 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 Helmerich & Payne Inc. (0J4G)?
The return on equity (ROE) of Helmerich & Payne Inc. is −13.0% (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 Helmerich & Payne Inc. (0J4G)?
On an EBIT basis the return on assets of Helmerich & Payne Inc. is 3.4% (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 Helmerich & Payne Inc. (0J4G)?
The operating margin of Helmerich & Payne Inc. is −1.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Helmerich & Payne Inc. (0J4G)?
Revenue at Helmerich & Payne Inc. is growing −8.2% versus a year earlier (3y avg +22.1%). 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 Helmerich & Payne Inc. (0J4G)?
Earnings per share at Helmerich & Payne Inc. are growing −98.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Helmerich & Payne Inc. (0J4G) carry?
The net debt of Helmerich & Payne Inc. is $1.8B (fiscal year 2025, ≈ 15.8 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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