Gas Arabian Services Co. (4146) fair value: what the stock is really worth
As of Oct 29, 2026: fair value (intrinsic value) of Gas Arabian Services Co. stock SAR 9.84, price SAR 13.42, upside -26.7%, quality 59 out of 100. Rating: overvalued. 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. As of Oct 27, 2026.
How to read this chart
57‑month range 4.91 SAR – 18.93 SAR · fair‑value band 5.05 SAR – 12.84 SAR · the 13.42 SAR price screens above the 9.84 SAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 27, 2026.
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Gas Arabian Services Company provides products and services for automation, instrumentation, field services, mechanical, and piping fields in the Kingdom of Saudi Arabia. The company operates through three segments: Technical Services, Trading and Commission, and Manufacturing.
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The Technical Services segment provides technical manpower services and executes technical engineering projects. The Trading segment engages in the sale of industrial, electrical, mechanical, hydromechanical, petroleum, and other technical equipment.
The Manufacturing segment manufactures and sells piping spools, structural steel fabrication, pressure reduction stations, and other industry essential products. It also provides operational, maintenance, and technical engineering services.
It serves oil and gas, petrochemical, electricity, steel, water and desalination, and mining industries. Gas Arabian Services Company was incorporated in 1992 and is headquartered in Dammam, Saudi Arabia.
Stock analysis
Gas Arabian Services Co. (4146) currently trades at 13.42 SAR, while our model-based Fair Value estimate is 9.84 SAR, 26.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 39.25 SAR per share, and 6 of the 26 models we run sit above the 13.42 SAR price.
Bear case: the Growth DCF group reads lowest at 3.49 SAR, and 20 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 5.05 SAR (bear) to 12.84 SAR (bull), the price of 13.42 SAR 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 59/100 (solid quality), in the Energy sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Gas Arabian Services Co. reported revenue of 1.4B SAR in FY2025 versus 386M SAR in FY2021, a compound +38.9%/yr. Reported net income was 151M SAR in FY2025, compounding +25.9%/yr from FY2021.
Key figures
Market cap 2.1B SAR (≈ $564M) Small · P/E ratio 13.2 · P/S ratio 1.39 · EPS (TTM) 1.02 SAR · Dividend yield 3.9% · Net margin 10.6% · Return on equity 33.9% · Return on assets (EBIT) 12.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 14% 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 −27%, 4146 screens cheaper than that median.
Fair Value models
Bear5.05 SARFair Value 9.84 SARBull12.84 SAR
Price 13.42 SAR · Upside -26.7%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.4151 SAR per share) are deliberately not added.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.
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
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+31.8%
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.
+42.7%
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
≈ +16.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.4%
Dividend (yield on the price)3.9%
Profit margin 2021 to 2025 ⓘ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.15% → 7%
⚠ Rate on operating basis: 2025 sits 86% above its own trend.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+43.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Saudi Arabia: IMF forecast 2.1% a year to 2030, 1.7% from 2016 to 2025) that is about +40.8% a year for the price.
Compare Gas Arabian Services Co. with another stock
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 Equipment & Services · 178 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside−26.7% · Below median
Profitability
Return on equity (12 months)33.9% · Top 25%
Return on assets13.3% · Top 25%
Net margin (12 months)10.6% · Above median
Operating margin (12 months)9.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)14.0% · Above median
Dividend yield (12 months)3.9% · Top 25%
Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper
P/E (12 months)13.2× · Cheaper than median
P/B4.38× · Priciest 25%
P/S (12 months)1.39× · Pricier than median
Price / free cash flow90.9× · Priciest 25%
EV/EBITDA13.2× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 26
FUTURE (revenue growth)70· sector 27
PAST (return on equity)100· sector 24
HEALTH (low debt)0· sector 91
DIVIDEND (yield)77· sector 41
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). "Gas Arabian Services Co. Fair Value". https://www.fairvalue-calculator.com/stock/4146
Frequently asked questions
Is Gas Arabian Services Co. (4146) overvalued or undervalued?
As of Oct 27, 2026, our model estimates a fair value of 9.84 SAR versus a price of 13.42 SAR, about −27% upside (overvalued).
What is the fair value of 4146?
Our model-based fair value for Gas Arabian Services Co. is 9.84 SAR (as of Oct 27, 2026), built from audited fundamentals. The current price: 13.42 SAR.
What is the quality score of 4146?
Gas Arabian Services Co. has a Quality Score of 59/100. 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 Gas Arabian Services Co. (4146)?
Our model-based price target is the fair value of 9.84 SAR (as of Oct 27, 2026) from 26 valuation models. Cautious scenario 5.05 SAR, optimistic scenario 12.84 SAR. It is a calculation from audited fundamentals, not an analyst target.
What is the Gas Arabian Services Co. stock forecast for 2026?
Our models put fair value at 9.84 SAR, about −27% upside versus a price of 13.42 SAR (overvalued). Cautious scenario 5.05 SAR, optimistic scenario 12.84 SAR. The calculation is refreshed regularly with new filings.
What is the revenue of Gas Arabian Services Co. (4146)?
Gas Arabian Services Co. reported trailing-twelve-month revenue of about 1.5B SAR (latest available figure, as of Oct 27, 2026).
Does Gas Arabian Services Co. pay a dividend?
Gas Arabian Services Co. currently shows a dividend yield of 3.87% relative to its recent price (as of Oct 27, 2026).
What growth is priced into Gas Arabian Services Co. (4146)?
For today's price to be fair in a discounted-cash-flow model, Gas Arabian Services Co. would have to grow free cash flow by +43.7 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +38.9 % per year. As of Oct 27, 2026.
What discount rate (WACC) does the fair value of 4146 use?
Our models discount Gas Arabian Services Co. at 11.8 %: a base by market capitalisation (small), country premium for Saudi Arabia. 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 Gas Arabian Services Co. that is +43.7 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Gas Arabian Services Co. (4146) delivered so far?
Over the past 4 years revenue at Gas Arabian Services Co. grew +38.9 % a year. The price currently implies +43.7 % 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 Gas Arabian Services Co. (4146) growing?
The median revenue growth in the sector is +13.0 % a year. That is the yardstick for the growth priced into Gas Arabian Services Co. (+43.7 % 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 Gas Arabian Services Co. (4146)?
The free-cash-flow yield on the price is 1.10 %: that much free cash flow Gas Arabian Services Co. 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 Gas Arabian Services Co. (4146)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Gas Arabian Services Co. it is 9.84 SAR per share (as of Oct 27, 2026), against a price of 13.42 SAR. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Gas Arabian Services Co. stock overvalued or undervalued in 2026?
As of Oct 27, 2026, 4146 trades above its calculated fair value: price 13.42 SAR, fair value 9.84 SAR, a gap of about −27% (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 4146?
No. The price is what the market pays today (13.42 SAR); the fair value is what the company's own numbers justify (9.84 SAR). For Gas Arabian Services Co. the two are 3.58 SAR per share apart. That gap is exactly why we show both numbers side by side.
How much is Gas Arabian Services Co. worth?
The market values Gas Arabian Services Co. at about 2.1B SAR (market capitalisation, as of Oct 27, 2026). Per share that is 13.42 SAR; our models calculate a fair value of 9.84 SAR per share.
What do the bullish and bearish scenarios say about 4146?
Our models span a range for Gas Arabian Services Co.: cautious scenario 5.05 SAR, base 9.84 SAR, optimistic 12.84 SAR per share (as of Oct 27, 2026, price 13.42 SAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4146?
Gas Arabian Services Co. trades at a price-to-earnings ratio of 13.2 (as of Oct 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 9.84 SAR is built from several models across several years. Other multiples: P/B 4.4, P/S 1.4, EV/EBITDA 13.2.
How solid is the balance sheet of Gas Arabian Services Co. (4146)?
Balance-sheet figures for Gas Arabian Services Co. (as of Oct 27, 2026): return on equity 33.9%. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 4146 from its 52-week high?
Gas Arabian Services Co. trades at 13.42 SAR, about 24% below its 52-week high of 17.76 SAR and 14% above the low of 11.78 SAR (as of Oct 29, 2026). Distance from the high says nothing about value: that is what the fair value of 9.84 SAR is for.
Which stocks are comparable to Gas Arabian Services Co.?
From the same area (Energy) we also value SLB N.V, Baker Hughes Company, Halliburton Company, TechnipFMC plc, 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 Gas Arabian Services Co. stock attractive at the current price?
The data as of Oct 27, 2026: price 13.42 SAR, calculated fair value 9.84 SAR (−27%), Quality Score 59/100, from 26 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 4146 calculated?
We run Gas Arabian Services Co. through 26 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 9.84 SAR, 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 13.1 % above its aggregate fair value. Gas Arabian Services Co. 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 Gas Arabian Services Co. (4146)?
The closing price on Oct 29, 2026 was 13.42 SAR. Our model-based fair value is 9.84 SAR, about −27% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Gas Arabian Services Co. right now?
The price sits above even our optimistic bull case (12.84 SAR). The favourable scenario is already priced in. Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (5.05 SAR to 12.84 SAR) leaves room in how you read the outcome.
Key figures of Gas Arabian Services Co.
How large is the market capitalisation of Gas Arabian Services Co. (4146)?
The market capitalisation of Gas Arabian Services Co. is 2.1B SAR (≈ $564M). 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/S ratio of Gas Arabian Services Co. (4146)?
The price-to-sales ratio of Gas Arabian Services Co. is 1.39 (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 Gas Arabian Services Co. (4146)?
Earnings per share at Gas Arabian Services Co. are 1.02 SAR (price ÷ EPS = P/E 13.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Gas Arabian Services Co. (4146)?
The dividend yield of Gas Arabian Services Co. is 3.9% (payout 51.0%). 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 Gas Arabian Services Co. (4146)?
The net margin of Gas Arabian Services Co. is 10.6% (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 Gas Arabian Services Co. (4146)?
The return on equity (ROE) of Gas Arabian Services Co. is 33.9% (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 Gas Arabian Services Co. (4146)?
On an EBIT basis the return on assets of Gas Arabian Services Co. is 12.9% (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 Gas Arabian Services Co. (4146)?
The operating margin of Gas Arabian Services Co. is 9.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Gas Arabian Services Co. (4146)?
Revenue at Gas Arabian Services Co. is growing +14.0% versus a year earlier (3y avg +42.7%). 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 Gas Arabian Services Co. (4146)?
Earnings per share at Gas Arabian Services Co. are growing +10.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Gas Arabian Services Co. (4146) hold?
Gas Arabian Services Co. holds more cash than debt, 167M SAR net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Broad data
Oct 27, 2026