Nordic American Tankers Limited (NAT) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Nordic American Tankers Limited $0.81, price $7.62, upside -89.4%, quality 38 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Weakest SetupStrongly overvalued and low quality.
!Fair value $0.8100 · Strongly overvalued (−89%)
!Quality 38/100
!Weak Growth(revenue 5y −3.8 %/yr)
✓Solidly profitable · 16.4% net margin (TTM)
!Moderate debt · negative free cash flow
·8.14% dividend yield
!Mixed vs. peers(8/14)
!Moderate moat50/100
!Evidence only low, so the estimate is less certain
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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 23, 2026.
How to read this chart
60‑month range $0.8882 – $8.25 · fair‑value band $0.6100 – $1.07 · the $7.62 price screens above the $0.8100 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Nordic American Tankers Limited, a tanker company, owns, operates, and charters double-hull tankers in Bermuda and internationally. As of December 31, 2025, the company fleet consisted of 20 Suezmax crude oil tankers. It serves oil companies, oil traders, and other entities requiring crude oil transportation services.
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Nordic American Tankers Limited, a tanker company, owns, operates, and charters double-hull tankers in Bermuda and internationally. As of December 31, 2025, the company fleet consisted of 20 Suezmax crude oil tankers. It serves oil companies, oil traders, and other entities requiring crude oil transportation services. The company was formerly known as Nordic American Tanker Shipping Limited and changed its name to American Tankers Limited in June, 2011. The company was incorporated in 1995 and is based in Hamilton, Bermuda.
Stock analysis
Nordic American Tankers Limited (NAT) currently trades at $7.62, while our model-based Fair Value estimate is $0.8100, implying the stock looks roughly 840.7% overvalued today.
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Valuation
Bull case: the Dividend Discount group reads highest at a median of $5.12 per share, and 0 of the 13 models we run sit above the $7.62 price.
Bear case: the Earnings-Based group reads lowest at $0.5700, and 13 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: $0.6100 (bear) to $1.07 (bull), the price of $7.62 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 38/100 (below-average quality), in the Energy sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Nordic American Tankers Limited reported revenue of $292M in FY2025 versus $196M in FY2021, a compound +10.6%/yr. Reported net income was $12.3M in FY2025.
Key figures
Market cap $1.6B · P/E ratio 29.3 · P/S ratio 1.23 · EPS (TTM) $0.2600 · Dividend yield 8.1% · Net margin 4.2% · Return on equity 11.4% · Return on assets (EBIT) 4.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 8% below its 52-week high and 176% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −11% fair-value upside, at −89%, NAT screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely ($0.0400 to $5.60). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear $0.6100Fair Value $0.8100Bull $1.07
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.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.13/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−16.4%
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.
−4.8%
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.
−3.8%
Start year 2020 (pandemic). Over 10 years: −4.1% a year
Revenue growth 28 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.
+15.4%
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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.
−21.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−29.6%
Dividend (yield on the price)8.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−30% vs −27%, slowing
Profit margin 2020 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.23% → 10%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 8.6%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
News mood ⓘNews mood, the average tone of recent news (99 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.Negative
Recent news coverage is more negative than average.
Compare Nordic American Tankers Limited with another stock
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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 Midstream · 86 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score38 · Bottom 25%
Fair Value upside−89% · Bottom 25%
Profitability
Return on equity (TTM)11% · Above median
Return on assets5% · Above median
Net margin (TTM)16% · Above median
Operating margin (TTM)49% · Top 25%
Growth and dividend
Revenue growth104% · Top 25%
Dividend yield (TTM)8.1% · Top 25%
Balance sheet
Debt / equity0.87× · Below median
Valuation Multiplesvs Oil & Gas Midstream median · lower = cheaper
P/E (TTM)29.3× · Priciest 25%
P/B3.64× · Priciest 25%
P/S (TTM)4.89× · Priciest 25%
EV/EBITDA15.7× · Priciest 25%
PEG1.21× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 25
FUTURE (revenue growth)100· sector 57
PAST (return on equity)45· sector 45
HEALTH (low debt)56· sector 51
DIVIDEND (yield)100· sector 81
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). "Nordic American Tankers Limited Fair Value". https://www.fairvalue-calculator.com/stock/NAT
Frequently asked questions
Is Nordic American Tankers Limited (NAT) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $0.8100 versus a price of $7.62, about −89% upside (overvalued).
What is the fair value of NAT?
Our model-based fair value for Nordic American Tankers Limited is $0.8100 (as of Sep 23, 2026), built from audited fundamentals. The current price: $7.62.
What is the quality score of NAT?
Nordic American Tankers Limited has a Quality Score of 38/100. 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 Nordic American Tankers Limited (NAT)?
Our model-based price target is the fair value of $0.8100 (as of Sep 23, 2026) from 14 valuation models. Cautious scenario $0.6100, optimistic scenario $1.07. It is a calculation from audited fundamentals, not an analyst target.
What is the Nordic American Tankers Limited stock forecast for 2026?
Our models put fair value at $0.8100, about −89% upside versus a price of $7.62 (overvalued). Cautious scenario $0.6100, optimistic scenario $1.07. The calculation is refreshed regularly with new filings.
What is the revenue of Nordic American Tankers Limited (NAT)?
Nordic American Tankers Limited reported trailing-twelve-month revenue of about $332M (latest available figure, as of Sep 23, 2026).
Does Nordic American Tankers Limited pay a dividend?
Nordic American Tankers Limited currently shows a dividend yield of about 8.14% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Nordic American Tankers Limited (NAT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nordic American Tankers Limited it is $0.8100 per share (as of Sep 23, 2026), against a price of $7.62. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Nordic American Tankers Limited stock overvalued or undervalued in 2026?
As of Sep 23, 2026, NAT trades above its calculated fair value: price $7.62, fair value $0.8100, a gap of about −89% (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 NAT?
No. The price is what the market pays today ($7.62); the fair value is what the company's own numbers justify ($0.8100). For Nordic American Tankers Limited the two are $6.81 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nordic American Tankers Limited worth?
The market values Nordic American Tankers Limited at about $1.6B (market capitalisation, as of Sep 23, 2026). Per share that is $7.62; our models calculate a fair value of $0.8100 per share.
What do the bullish and bearish scenarios say about NAT?
Our models span a range for Nordic American Tankers Limited: cautious scenario $0.6100, base $0.8100, optimistic $1.07 per share (as of Sep 23, 2026, price $7.62). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NAT?
Nordic American Tankers Limited trades at a price-to-earnings ratio of 29.3 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $0.8100 is built from several models across several years. Other multiples: PEG 1.2, P/B 3.6, P/S 4.9, EV/EBITDA 15.7.
What is the PEG ratio of NAT?
The PEG ratio of Nordic American Tankers Limited is 1.21 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Nordic American Tankers Limited (NAT)?
Balance-sheet figures for Nordic American Tankers Limited (as of Sep 23, 2026): return on equity 11.4%, debt of 0.87 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is NAT from its 52-week high?
Nordic American Tankers Limited trades at $7.62, about 8% below its 52-week high of $8.25 and 176% above the low of $2.76 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $0.8100 is for.
Which stocks are comparable to Nordic American Tankers Limited?
From the same area (Energy) we also value Enbridge Inc, The Williams Companies, Inc, Enterprise Products Partners L.P., Kinder Morgan, Inc, 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 Nordic American Tankers Limited stock attractive at the current price?
The data as of Sep 23, 2026: price $7.62, calculated fair value $0.8100 (−89%), Quality Score 38/100, from 14 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 NAT calculated?
We run Nordic American Tankers Limited through 14 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 $0.8100, 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 14.1 % above its aggregate fair value. Nordic American Tankers Limited 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 Nordic American Tankers Limited (NAT)?
The closing price on Sep 23, 2026 was $7.62. Our model-based fair value is $0.8100, about −89% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nordic American Tankers Limited right now?
The price sits above even our optimistic bull case ($1.07). The favourable scenario is already priced in. Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Nordic American Tankers Limited
How large is the market capitalisation of Nordic American Tankers Limited (NAT)?
The market capitalisation of Nordic American Tankers Limited is $1.6B. 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 Nordic American Tankers Limited (NAT)?
The price-to-sales ratio of Nordic American Tankers Limited is 1.23 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Nordic American Tankers Limited (NAT)?
Earnings per share at Nordic American Tankers Limited are $0.2600 (price ÷ EPS = P/E 29.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Nordic American Tankers Limited (NAT)?
The dividend yield of Nordic American Tankers Limited is 8.1%. 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 Nordic American Tankers Limited (NAT)?
The net margin of Nordic American Tankers Limited is 4.2% (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 Nordic American Tankers Limited (NAT)?
The return on equity (ROE) of Nordic American Tankers Limited is 11.4% (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 Nordic American Tankers Limited (NAT)?
On an EBIT basis the return on assets of Nordic American Tankers Limited is 4.3% (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 Nordic American Tankers Limited (NAT)?
The operating margin of Nordic American Tankers Limited is 49.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nordic American Tankers Limited (NAT)?
Revenue at Nordic American Tankers Limited is growing +104% versus a year earlier (3y avg −4.8%). 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 Nordic American Tankers Limited (NAT)?
Earnings per share at Nordic American Tankers Limited are growing +990% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Nordic American Tankers Limited (NAT) generate?
The free cash flow of Nordic American Tankers Limited is −$117M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Nordic American Tankers Limited (NAT) carry?
The net debt of Nordic American Tankers Limited is $378M (fiscal year 2025). 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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Thin data
Sep 23, 2026