National Energy Services Reunited Corp (NESR) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of National Energy Services Reunited Corp $9.71, price $32.81, upside -70.4%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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National Energy Services Reunited Corp
NESR · USWeakest SetupStrongly overvalued and low quality.
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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 $2.65 – $36.31 · fair‑value band $8.10 – $13.14 · the $32.81 price screens above the $9.71 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. Dashed = 300-day average. As of Sep 24, 2026.
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Company profile
National Energy Services Reunited Corp. provides oilfield services in the Middle East and North Africa.
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National Energy Services Reunited Corp. provides oilfield services in the Middle East and North Africa. The company's Production Services segment offers hydraulic fracturing services; coiled tubing services, including nitrogen lifting, fishing, milling, clean-out, scale removal, and other well applications; stimulation and pumping services; primary and remedial cementing services; nitrogen services; filtration services, as well as frac tanks and pumping units; and pipeline and industrial services, such as water filling and hydro testing, nitrogen purging, and de-gassing and pressure testing, as well as cutting/welding and cooling down piping/vessels systems. This segment also provides production assurance chemicals; integrated production management projects; artificial lift services; and surface and subsurface safety systems, high-pressure packer systems, flow controls, service tools, expandable liner technology, vacuum insulated tubing technology for steam applications, and engineering capabilities with manufacturing capacity and testing facilities, as well as sources and treats water for oil and gas, municipal, and industrial use. The Drilling and Evaluation Services segment offers drilling and workover rigs; rigs and integrated services; fishing and remediation solutions; directional and turbines drilling; drilling fluid systems and related technologies; wireline logging; slickline services, descaling, wax and sand cleanout, plug setting, gas lift valve changeout, fishing and other complex well applications; and well testing services to measure solids, gas, and oil and water produced from well, as well as drilling tools and machine shop services. This segment also provides oilfield solutions for thru-tubing intervention; tubular running services; and a range of wellhead products, flow control equipment, and frac equipment. National Energy Services Reunited Corp. was incorporated in 2017 and is headquartered in Houston, Texas.
Stock analysis
National Energy Services Reunited Corp Ordinary Shares (NESR) currently trades at $32.81, while our model-based Fair Value estimate is $9.71, implying the stock looks roughly 238.0% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $19.23 per share, and 1 of the 24 models we run sit above the $32.81 price.
Bear case: the Asset-Based group reads lowest at $6.43, and 23 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: $8.10 (bear) to $13.14 (bull), the price of $32.81 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 48/100 (below-average quality), in the Energy sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
National Energy Services Reunited Corp Ordinary Shares reported revenue of $1.3B in FY2025 versus $877M in FY2021, a compound +10.9%/yr. Reported net income was $51.1M in FY2025.
Key figures
Market cap $3.3B · P/E ratio 51.3 · P/S ratio 1.98 · EPS (TTM) $0.6400 · Net margin 3.9% · Return on equity 6.7% · Return on assets (EBIT) 3.0% · Operating margin 8.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 227% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −23% fair-value upside, at −70%, NESR screens richer than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 49 · Market factors (momentum, volatility) 83
Revenue & earnings trend
Growth Forecast
NESR screens 238% overvalued. Compare with SLB N.V →
Compare National Energy Services Reunited Corp Ordinary Shares with another stock
Price, fair value, quality and upside side by side.
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 · 190 stocks
Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Energy sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Energy
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| SLB N.V SLB | $52.12 | $28.66 | −45% |
| Baker Hughes Company BKR | $57.26 | $32.40 | −43% |
| TechnipFMC plc FTI | $70.82 | $27.68 | −61% |
| Halliburton Company HAL | $32.85 | $21.50 | −35% |
| Tenaris S.A TEN | €24.55 | €18.99 | −23% |
| Yantai Jereh Oilfield Services Group 002353 | ¥118.92 | ¥128.30 | +8% |
| Saipem SpA SPM | €4.36 | €2.72 | −38% |
| Subsea 7 S.A SUBC | kr 319.80 | kr 250.82 | −22% |
| China Oilfield Services Limited 601808 | ¥12.12 | ¥13.04 | +8% |
| Gaztransport & Technigaz SA GTT | €222.60 | €244.86 | +10% |
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Key figures of National Energy Services Reunited Corp Ordinary Shares
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