Nabors Industries Ltd. (NBR) Fair Value & Analysis
Energy · US · Market cap $1.3B · ISIN BMG6359F1370
What is Nabors Industries Ltd. really worth?
Nabors Industries Ltd.
NBR · US
Below-average quality, trading 48% below our fair value of $177.77.
Risks
Fair value as of: Sep 1, 2026
From 15 valuation models · updated 4 days ago
Share price +11.2% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case ($124.44). The market is more pessimistic than our downside scenario.
- A fairly wide model range ($124.44 to $249.59) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 1, 2026.
How to read this chart
60‑month range $24.60 – $200.02 · fair‑value band $124.44 – $249.59 · the $92.97 price screens below the $177.77 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 1, 2026.
Analysis
Nabors Industries Ltd. (NBR) currently trades at $92.97, while our model-based Fair Value estimate is $177.77, implying the stock looks roughly 47.7% undervalued today. The Quality Score stands at 41/100 (below-average quality), in the Energy sector. Bull case: the Growth Earnings group reads highest at a median of $209.14 per share, and 11 of the 15 models we run sit above the $92.97 price. Bear case: the Asset-Based group reads lowest at $26.74, and 4 of the 15 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Nabors Industries Ltd. generated revenue of $3.2B at a net margin of 7.4%. Revenue grew 6.4% year over year. It earns a return on equity of 22.3%. Net debt stands at $1.6B. Fundamentals as of Sep 1, 2026
Our scenario range runs from $124.44 (bear case) to $249.59 (bull case); at $92.97, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 18% below its 52-week high and 242% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at −50% fair-value upside, at 91%, NBR screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $11.08 per share, which is 6.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 15 models by family
Widest divergence: Growth Earnings ($209.14) versus Economic Profit ($1.42). Highest evidence: Owner Earnings (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 1, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 40 · Market factors (momentum, volatility) 63
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
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.
Full company description
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. 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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
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.
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Peer Group
Oil & Gas Drilling · 34 stocks
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.
Valuation Multiples vs Oil & Gas Drilling median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
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 Drilling stocks, each showing price versus our Fair Value estimate (as of Sep 1, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Noble Corporation NE | $45.76 | $23.09 | −50% |
| Sinopec Oilfield Service Corporation 600871 | ¥2.22 | ¥0.4900 | −78% |
| Transocean Ltd RIG | $5.70 | $2.16 | −62% |
| Valaris Limited VAL | $85.21 | $58.91 | −31% |
| Patterson-UTI Energy, Inc PTEN | $12.13 | $12.20 | +1% |
| Helmerich & Payne, Inc HP | $42.55 | $9.25 | −78% |
| Seadrill Limited SDRL | $46.72 | $10.17 | −78% |
| Odfjell Drilling Ltd ODL | kr 95.30 | kr 53.75 | −44% |
| Arabian Drilling Company 2381 | 88.90 SAR | 11.09 SAR | −88% |
| Borr Drilling Limited BORR | kr 41.63 | kr 26.64 | −36% |
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