TIDEWATER INC (TDW) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of TIDEWATER INC stock $84.93, price $86.53, upside -1.8%, quality 70 out of 100. Rating: fairly valued. 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 25, 2026.
How to read this chart
60‑month range $10.29 – $108.83 · fair‑value band $59.45 – $110.41 · the $86.53 price screens above the $84.93 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 Oct 25, 2026.
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Tidewater Inc., together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of offshore marine service vessels worldwide.
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The company operates through five segments: Americas, Asia Pacific, Middle East, Europe/Mediterranean, and West Africa.
It offers phases of offshore crude oil and natural gas exploration, field development, production, maintenance, and windfarm development and maintenance activities; towing and anchor handling for mobile offshore drilling units; transportation of supplies and personnel necessary to sustain drilling, workover, and production operations; and field abandonment, dismantlement, and restoration activities.
The company also provides offshore construction; seismic and subsea support; various other specialized services, such as pipe laying, cable laying, and geotechnical survey support for windfarm construction.
Its vessels consist of anchor handling towing supply vessels, platform supply vessels, and other specialty vessels, as well as crew boats, utility vessels, and offshore tugs.
The company serves integrated and independent oil and gas exploration, development, and production companies; mid-sized and smaller independent exploration and production companies; foreign government-owned or government-controlled organizations engaged in the exploration, development, and production of oil and gas; offshore drilling contractors; and other companies that provide services to the offshore energy industry comprising offshore construction companies, windfarm development companies, diving companies, and well stimulation companies.
Tidewater Inc. was incorporated in 1956 and is headquartered in Houston, Texas.
Stock analysis
TIDEWATER INC (TDW) currently trades at $86.53, while our model-based Fair Value estimate is $84.93, so the stock looks roughly fairly valued today (gap 1.9%).
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Valuation
Bull case: the DCF Models group reads highest at a median of $90.92 per share, and 8 of the 24 models we run sit above the $86.53 price.
Bear case: the Asset-Based group reads lowest at $14.09, and 16 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $59.45 (bear) to $110.41 (bull), the price of $86.53 sits inside 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 70/100 (solid quality), in the Energy sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
TIDEWATER INC reported revenue of $1.4B in FY2025 versus $371M in FY2021, a compound +38.2%/yr. Reported net income was $335M in FY2025.
Key figures
Market cap $4.3B Mid · P/E ratio 17.6 · P/S ratio 3.20 · EPS (TTM) $4.93 · Net margin 18.3% · Return on equity 19.5% · Return on assets (EBIT) 5.9% · Operating margin 17.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 69 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 78% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −35% fair-value upside, at −2%, TDW screens cheaper than that median.
Fair Value models
Bear$59.45Fair Value $84.93Bull$110.41
Price $86.53 · Upside -1.8%
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 ($4.08 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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+0.5%
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.
+27.8%
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.
+27.8%
Start year 2020 (pandemic). Over 10 years: +3.3% a year
Revenue growth 32 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.
+3.0%
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What shareholders gained per year (last 3 years) (mathematically smoothed) ⓘ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 3 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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+90.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+90.8%
Dividend (yield on the price)0.0%
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.−47% → 21%
2025 sits 155% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
⚠ Revenue per share shrinking 10.6%/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.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less 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).
−1.7%
The company could shrink this much every year for the next five years and today's price would still be justified.
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.
+12.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −4.0% a year for the price and +9.9% for the forecasts.
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.Positive
Recent news coverage is more positive than average.
AI conclusion: Expanded fleet operations in Brazil strengthen the company's reach in a key offshore market, yet the business shows limited evidence of a durable moat in a cyclical services sector where high margins may prove temporary.
Main risk: The recent assumption of direct guarantees for Brazilian construction loans brings higher interest rates and greater collateral coverage at the parent level that could pressure margins in the offshore services operations.
Tidewater recently took on direct guarantees for its Brazilian subsidiary's construction loans after expanding its fleet there. The changes include slightly higher interest rates and increased collateral coverage at the parent level. Does the deeper integration in a key offshore market strengthen the business more than the new financing obligations add to its risk profile?
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 · 177 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside−1.8% · Above median
Profitability
Return on equity (12 months)19.5% · Top 25%
Return on assets14.0% · Top 25%
Net margin (12 months)18.3% · Top 25%
Operating margin (12 months)17.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)0.3% · Below median
Balance sheet
Debt / equity0.48× · Above median
Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper
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). "TIDEWATER INC Fair Value". https://www.fairvalue-calculator.com/stock/TDW
Frequently asked questions
Is TIDEWATER INC (TDW) overvalued or undervalued?
As of Oct 25, 2026, our model estimates a fair value of $84.93 versus a price of $86.53, about −2% upside (fairly valued).
What is the fair value of TDW?
Our model-based fair value for TIDEWATER INC is $84.93 (as of Oct 25, 2026), built from audited fundamentals. The current price: $86.53.
What is the quality score of TDW?
TIDEWATER INC has a Quality Score of 70/100. 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 TIDEWATER INC (TDW)?
Our model-based price target is the fair value of $84.93 (as of Oct 25, 2026) from 24 valuation models. Cautious scenario $59.45, optimistic scenario $110.41. It is a calculation from audited fundamentals, not an analyst target.
What is the TIDEWATER INC stock forecast for 2026?
Our models put fair value at $84.93, about −2% upside versus a price of $86.53 (fairly valued). Cautious scenario $59.45, optimistic scenario $110.41. The calculation is refreshed regularly with new filings.
What is the revenue of TIDEWATER INC (TDW)?
TIDEWATER INC reported trailing-twelve-month revenue of about $1.3B (latest available figure, as of Oct 25, 2026).
What growth is priced into TIDEWATER INC (TDW)?
For today's price to be fair in a discounted-cash-flow model, TIDEWATER INC would have to grow free cash flow by -1.7 % per year for five years (discount rate 8.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +27.8 % per year. As of Oct 25, 2026.
What discount rate (WACC) does the fair value of TDW use?
Our models discount TIDEWATER INC at 8.7 %: a base by market capitalisation (mid), damped by beta 0.57, country premium for USA. 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 TIDEWATER INC that is -1.7 % per year a year over ten years, using the same discount rate (8.7 %) and the same formula as our fair value.
How much growth has TIDEWATER INC (TDW) delivered so far?
Over the past 5 years revenue at TIDEWATER INC grew +27.8 % a year. The price currently implies -1.7 % 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 TIDEWATER INC (TDW) growing?
The median revenue growth in the sector is +13.0 % a year. That is the yardstick for the growth priced into TIDEWATER INC (-1.7 % 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 TIDEWATER INC (TDW)?
The free-cash-flow yield on the price is 8.21 %: that much free cash flow TIDEWATER INC produces per unit of market value. When it exceeds the discount rate of our models (8.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TIDEWATER INC (TDW)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TIDEWATER INC it is $84.93 per share (as of Oct 25, 2026), against a price of $86.53. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is TIDEWATER INC stock overvalued or undervalued in 2026?
As of Oct 25, 2026, TDW trades above its calculated fair value: price $86.53, fair value $84.93, a gap of about −2% (fairly valued). 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 TDW?
No. The price is what the market pays today ($86.53); the fair value is what the company's own numbers justify ($84.93). For TIDEWATER INC the two are $1.60 per share apart. That gap is exactly why we show both numbers side by side.
How much is TIDEWATER INC worth?
The market values TIDEWATER INC at about $4.3B (market capitalisation, as of Oct 25, 2026). Per share that is $86.53; our models calculate a fair value of $84.93 per share.
What do the bullish and bearish scenarios say about TDW?
Our models span a range for TIDEWATER INC: cautious scenario $59.45, base $84.93, optimistic $110.41 per share (as of Oct 25, 2026, price $86.53). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TDW?
TIDEWATER INC trades at a price-to-earnings ratio of 17.6 (as of Oct 25, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $84.93 is built from several models across several years. Other multiples: P/B 3.2, P/S 3.2, EV/EBITDA 11.0.
How solid is the balance sheet of TIDEWATER INC (TDW)?
Balance-sheet figures for TIDEWATER INC (as of Oct 25, 2026): return on equity 19.5%, debt of 0.48 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is TDW from its 52-week high?
TIDEWATER INC trades at $86.53, about 14% below its 52-week high of $100.61 and 78% above the low of $48.67 (as of Oct 28, 2026). Distance from the high says nothing about value: that is what the fair value of $84.93 is for.
Which stocks are comparable to TIDEWATER INC?
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 TIDEWATER INC stock attractive at the current price?
The data as of Oct 25, 2026: price $86.53, calculated fair value $84.93 (−2%), Quality Score 70/100, from 24 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 TDW calculated?
We run TIDEWATER INC through 24 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 $84.93, 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 13.4 % above its aggregate fair value. TIDEWATER 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 TIDEWATER INC (TDW)?
The closing price on Oct 28, 2026 was $86.53. Our model-based fair value is $84.93, about −2% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TIDEWATER INC right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range ($59.45 to $110.41) leaves room in how you read the outcome.
Key figures of TIDEWATER INC
How large is the market capitalisation of TIDEWATER INC (TDW)?
The market capitalisation of TIDEWATER INC is $4.3B. 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 TIDEWATER INC (TDW)?
The price-to-sales ratio of TIDEWATER INC is 3.20 (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 TIDEWATER INC (TDW)?
Earnings per share at TIDEWATER INC are $4.93 (price ÷ EPS = P/E 17.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of TIDEWATER INC (TDW)?
The net margin of TIDEWATER INC is 18.3% (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 TIDEWATER INC (TDW)?
The return on equity (ROE) of TIDEWATER INC is 19.5% (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 TIDEWATER INC (TDW)?
On an EBIT basis the return on assets of TIDEWATER INC is 5.9% (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 TIDEWATER INC (TDW)?
The operating margin of TIDEWATER INC is 17.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TIDEWATER INC (TDW)?
Revenue at TIDEWATER INC is growing +0.3% versus a year earlier (3y avg +27.8%). 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 TIDEWATER INC (TDW)?
Earnings per share at TIDEWATER INC are growing −70.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does TIDEWATER INC (TDW) carry?
The net debt of TIDEWATER INC is $76.1M (fiscal year 2025, ≈ 0.2 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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Some data
Oct 25, 2026