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Data-driven stock valuation

Nabors Industries Ltd. (NBR) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Nabors Industries Ltd. stock $41.47, price $73.20, that is 43.3% below the price, quality 47 out of 100. Rating: strongly overvalued. Calculated from audited financials with 8 of our 26 valuation models and 37 quality factors, updated daily.

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Energy US · ISIN BMG6359F1370

NI Nabors Industries Ltd. logo Thin data Nov 7, 2026

Nabors Industries Ltd.

NBR · US
Very expensive, weak quality

Our calculation puts a fair price 43% below what the stock costs today.

Generates free cash flow over the last twelve months
Upbeat coverage
Quality 47/100
Expensive Growth (revenue 5y +8.3 %/yr in USD)
Loss over the last twelve months · -1.2% net margin (TTM) · fiscal year 2025 7.8%
Mixed vs. peers (6/12)
Insiders sold $295,360 (6M)
Fair value $41.47 · Strongly overvalued (−43.3%)
High debt
Narrow moat 26/100
Thin data
⟳ CyclicalExcl. one-off gain
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

$200.02 $24.60 Fair Value $41.47 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.

How to read this chart

60‑month range $24.60 – $200.02 · fair‑value band $17.80 – $65.14 · the $73.20 price screens above the $41.47 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.

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Company profile

Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells in the United States and internationally. The company operates through four segments: U.S. Drilling, International Drilling, Drilling Solutions, and Rig Technologies.

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The company offers tubular running services, including casing and tubing running, and torque monitoring; managed pressure drilling services; and drilling-bit steering systems and rig instrumentation software.

The company also offers drilling systems comprising ROCKit, a directional steering control system; SmartNAV, a collaborative guidance and advisory platform; SmartSLIDE, a directional steering control system; and RigCLOUD, a digital infrastructure that integrate applications to deliver real-time insight into operations across the rig fleet.

In addition, it operates a fleet of land-based drilling rigs and marketed platforms rigs; manufactures and sells top drives, catwalks, wrenches, drawworks, and other drilling related equipment, such as robotic systems and downhole tools; and provides aftermarket sales and services for the installed base of its equipment.

Nabors Industries Ltd. was founded in 1952 and is based in Hamilton, Bermuda.

Stock analysis

Nabors Industries Ltd. (NBR) currently trades at $73.20, while our model-based Fair Value estimate is $41.47, 43% 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 $118.48 per share, and 2 of the 6 models we run sit above the $73.20 price.

Bear case: the Dividend Discount group reads lowest at $4.99, and 4 of the 6 models stay below the price. Data coverage for this calculation is low.

Scenario range: $17.80 (bear) to $65.14 (bull), the price of $73.20 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 47/100 (below-average quality), in the Energy sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Nabors Industries Ltd. reported revenue of $3.2B in FY2025 versus $2.0B in FY2021, a compound +12.1%/yr. Reported net income was $248M in FY2025.

Key figures

Market cap $1.1B Small · P/S ratio 0.42 · EPS (TTM) $−5.05 · Dividend yield 0.4% · Net margin −1.2% · Return on equity 2.3% · Return on assets (EBIT) 10.4% (5-year average) · Revenue (TTM) $3.2B.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 26 out of 100 (medium confidence).

What moves the price

The share trades about 34% below its 52-week high and 58% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Energy peers we cover trades at −26% fair-value upside, at −43%, NBR screens richer than that median.

Fair Value models

Bear $17.80 Fair Value $41.47 Bull $65.14
Price $73.20 · Downside -43.3%
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
EPV n/a n/a $4.48 68
Gordon GGM $2.96 $5.17 $6.94 68
ROIC Compounder n/a n/a $4.48 68
All 8 models by family
Earnings-Based
EPV n/a n/a $4.48 68
Dividend Discount
Gordon GGM $2.96 $5.17 $6.94 68
DDM Multi-Stage $2.96 $4.80 $5.55 67
Multiples
EV/EBIT $23.11 $66.46 $109.81 61
EV/EBITDA $163.40 $253.52 $343.63 66
EV/Revenue $50.86 $118.48 $186.11 50
Asset-Based
NCAV (Graham) $18.12 $24.28 $36.24 54
Economic Profit
ROIC Compounder n/a n/a $4.48 68

The fair value above starts from this blend and is adjusted for a cyclical peak year.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 47/100

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

Profitability 50
How much profit the company makes from its sales and capital
Quality Growth 72
Are margins and returns getting better?
Cashflow 48
Do the profits arrive as real cash?
Financial strength 16
Debt, balance sheet and risk of trouble
Investment 66
Does it invest with discipline instead of growing at any price?
Low Volatility 35
How calm the share price moves, does not count
Price momentum 41
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 61
Distance to the 52-week high, does not count
New shares 45
Buys back shares or issues new ones?

Open the full quality analysis →

Insider trades

In the last 6 months, one officer or director sold shares worth $295,360 and none bought.

  • SaleDavid J TudorDirector3,200 shares at $92.30$295,360Aug 28, 2026
  • BuyJohn YearwoodDirector6,410 shares at $78.12$500,749Feb 20, 2026

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. 39/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+8.7%
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.
+6.3%
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.
+8.3%
Start year 2020 (pandemic). Over 10 years: −1.9% 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.
+9.3%
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.
26.1% (2020) → 8.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed

NBR screens overvalued: fair value 43% below the price. Compare with Noble Corporation →

Earlier news

News mood ⓘNews mood, the average tone of recent news (97 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. Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.

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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 · 34 stocks

Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 47 · Above median
Fair Value upside −43.3% · Bottom 25%
Profitability
Return on equity (12 months) 2.3% · Above median
Return on assets 7.0% · Top 25%
Net margin (12 months) −1.6% · Below median
Operating margin (12 months) 0.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 6.6% · Above median
Dividend yield (12 months) 0.4% · Bottom 25%
Balance sheet
Debt / equity 3.58× · Highest 25%

Valuation Multiplesvs Oil & Gas Drilling median · lower = cheaper

P/B 1.84× · Pricier than median
P/S (12 months) 0.46× · Cheapest 25%
EV/EBITDA 3.5× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 10
FUTURE (revenue growth)33 · sector 3
PAST (return on equity)9 · sector 5
HEALTH (low debt)0 · sector 80
DIVIDEND (yield)9 · sector 32

VALUE 0: the price sits above our fair-value range.

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 Drilling stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Patterson-UTI Energy, Inc PTEN $9.92 $21.65 +118% vs NBR
Constellation Oil Services Holding COSH kr 127.00 kr 140.94 +11% vs NBR
Noble Corporation NE $40.87 $45.13 +10% vs NBR
Transocean Ltd RIG $5.24 $4.00 −24% vs NBR
Valaris Limited VAL $79.77 $58.75 −26% vs NBR
Odfjell Drilling Ltd ODL kr 99.50 kr 60.36 −39% vs NBR
Helmerich & Payne, Inc HP $35.22 $21.09 −40% vs NBR
Precision Drilling Corporation PDS $91.79 $39.28 −57% vs NBR
Sinopec Oilfield Service Corporation 600871 ¥2.09 ¥0.5200 −75% vs NBR
Seadrill Limited SDRL $42.20 $10.34 −76% vs NBR

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Nabors Industries Ltd.: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Nabors Industries Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/NBR

Frequently asked questions

Is Nabors Industries Ltd. (NBR) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $41.47 versus a price of $73.20, about 43% lower (overvalued).
What is the fair value of NBR?
Our model-based fair value for Nabors Industries Ltd. is $41.47 (as of Nov 7, 2026), built from audited fundamentals. The current price: $73.20.
What is the quality score of NBR?
Nabors Industries Ltd. has a Quality Score of 47/100. 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 Nabors Industries Ltd. (NBR)?
Our model-based price target is the fair value of $41.47 (as of Nov 7, 2026) from 8 valuation models. Cautious scenario $17.80, optimistic scenario $65.14. It is a calculation from audited fundamentals, not an analyst target.
What is the Nabors Industries Ltd. stock forecast for 2026?
Our models put fair value at $41.47, about 43% lower versus a price of $73.20 (overvalued). Cautious scenario $17.80, optimistic scenario $65.14. The calculation is refreshed regularly with new filings.
What is the revenue of Nabors Industries Ltd. (NBR)?
Nabors Industries Ltd. reported trailing-twelve-month revenue of about $3.2B (latest available figure, as of Nov 7, 2026).
Does Nabors Industries Ltd. pay a dividend?
Nabors Industries Ltd. currently shows a dividend yield of 0.45% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Nabors Industries Ltd. (NBR)?
Nabors Industries Ltd. has a dividend yield of 0.4%.
What is the intrinsic value of Nabors Industries Ltd. (NBR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nabors Industries Ltd. it is $41.47 per share (as of Nov 7, 2026), against a price of $73.20. It is the blended result of 8 valuation models in 5 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Nabors Industries Ltd. stock overvalued or undervalued in 2026?
As of Nov 7, 2026, NBR trades above its calculated fair value: price $73.20, fair value $41.47, a gap of about −43% (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 NBR?
No. The price is what the market pays today ($73.20); the fair value is what the company's own numbers justify ($41.47). For Nabors Industries Ltd. the two are $31.73 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nabors Industries Ltd. worth?
The market values Nabors Industries Ltd. at about $1.1B (market capitalisation, as of Nov 7, 2026). Per share that is $73.20; our models calculate a fair value of $41.47 per share.
What do the bullish and bearish scenarios say about NBR?
Our models span a range for Nabors Industries Ltd.: cautious scenario $17.80, base $41.47, optimistic $65.14 per share (as of Nov 7, 2026, price $73.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of NBR?
The PEG ratio of Nabors Industries Ltd. is 2.90 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Nabors Industries Ltd. (NBR)?
Balance-sheet figures for Nabors Industries Ltd. (as of Nov 7, 2026): return on equity 2.3%, debt of 3.58 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is NBR from its 52-week high?
Nabors Industries Ltd. trades at $73.20, about 34% below its 52-week high of $110.63 and 58% above the low of $46.19 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $41.47 is for.
Which stocks are comparable to Nabors Industries Ltd.?
From the same area (Energy) we also value Noble Corporation, Transocean Ltd, Valaris Limited, Sinopec Oilfield Service Corporation, 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 Nabors Industries Ltd. stock attractive at the current price?
The data as of Nov 7, 2026: price $73.20, calculated fair value $41.47 (−43%), Quality Score 47/100, from 8 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 NBR calculated?
We run Nabors Industries Ltd. through 8 models from 5 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of $41.47 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 13.0% above its aggregate fair value. Nabors Industries Ltd. 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 Nabors Industries Ltd. (NBR)?
The closing price on Nov 6, 2026 was $73.20. Our model-based fair value is $41.47, about 43% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nabors Industries Ltd. right now?
The price sits above even our optimistic bull case ($65.14). The favourable scenario is already priced in. Weak quality (47/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide ($17.80 to $65.14). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 Nabors Industries Ltd.

How large is the market capitalisation of Nabors Industries Ltd. (NBR)?
The market capitalisation of Nabors Industries Ltd. is $1.1B. 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 Nabors Industries Ltd. (NBR)?
The price-to-sales ratio of Nabors Industries Ltd. is 0.42 (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 Nabors Industries Ltd. (NBR)?
Earnings per share at Nabors Industries Ltd. are $−5.05. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Nabors Industries Ltd. (NBR)?
The dividend yield of Nabors Industries Ltd. is 0.4%. 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 Nabors Industries Ltd. (NBR)?
The net margin of Nabors Industries Ltd. is −1.2% (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 Nabors Industries Ltd. (NBR)?
The return on equity (ROE) of Nabors Industries Ltd. is 2.3% (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 Nabors Industries Ltd. (NBR)?
On an EBIT basis the return on assets of Nabors Industries Ltd. is 10.4% (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.
How fast is revenue growing at Nabors Industries Ltd. (NBR)?
Revenue at Nabors Industries Ltd. is growing +6.6% versus a year earlier (3y avg +6.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Nabors Industries Ltd. (NBR) generate?
The free cash flow of Nabors Industries Ltd. is −$22.7M (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 Nabors Industries Ltd. (NBR) carry?
The net debt of Nabors Industries Ltd. is $1.6B (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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