Latest revenue
$783.5M
as of 2026-03-31
Latest net income
$-15.2M
as of 2026-03-31
Net margin
-1.9%
as of 2026-03-31
Community sentiment
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NBR vs S&P 500 · rebased to 100
Live market
delayed ≤15 min- Market cap
- $1.54B
- Enterprise value
- $3.54B
- P/E (trailing)
- 5.4×
- Forward P/E
- —
- P/B
- 2.71×
- Dividend yield
- 0.0%
- 52-wk high
- $112.90
- 52-wk low
- $27.18
- Beta
- —
- Shares out
- 16.0M
What this company does
ITEM 1. BUSINESS Nabors Industries, Ltd. (NYSE: NBR) was formed as a Bermuda exempted company on December 11, 2001. Unless the context requires otherwise, references in this annual report to “we,” “us,” “our,” “the Company,” or “Nabors” mean Nabors Industries Ltd., together with our subsidiaries. References in this annual report to “Nabors Delaware” mean Nabors Industries, Inc., a wholly owned subsidiary of Nabors. Overview Nabors owns and operates one of the world’s largest land-based drilling rig fleets and is a provider of offshore platform rigs in the United States and numerous international markets. Nabors also supplies performance software, tubular running services, managed…
AI summary unavailable — showing raw filing excerpt
Generated from NBR's filing dated 2026-02-13
Key risks
ITEM 1A. RISK FACTORS In addition to the other information set forth elsewhere in this annual report, the following factors should be carefully considered when evaluating Nabors. The risks described below are not the only ones we face. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. Risk Factors Summary The following is a summary of the principal risks included in this annual report that we believe could adversely affect our business, operations, and financial results. Business and Operational Risks ●Fluctuations in oil and natural gas prices could adversely affect drilling activity and our revenues, cash…
AI summary unavailable — showing raw filing excerpt
Generated from NBR's filing dated 2026-02-13
ActaClear Score
Computed from 5 years of SEC fundamentals + latest market data, ranked within Drilling Oil & Gas Wells (11 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 10, 2026.
Fair value · DCF
Methodology + caveats (click to expand)
Method. 10-year forecast of free cash flow, discounted at the company's WACC, with a Gordon-growth terminal at year 10. FCF is proxied by last fiscal-year net income (proper FCF needs CFO − CapEx by year, which we don't store yet). Beta defaults to 1.0 when not reported.
Why DCF is fragile. Treat the output as a thinking aid, not a verdict. Honest weaknesses of any DCF:
- Growth is the dominant assumption. No one can foresee 10 years of growth — small changes in the slider can double or halve fair value. The reverse-DCF readout above tells you what the market is implicitly assuming; ask yourself whether that's realistic before trusting either number.
- Terminal value dominates. In most DCFs, 60-80% of the answer comes from the terminal-value calculation — i.e., everything AFTER year 10. A 0.5pp change in terminal growth, or in WACC, can swing fair value by 20-30%.
- WACC is itself a guess. We use a textbook CAPM cost of equity (Rf 4.3%, MRP 5.5%, β from the quote) plus a 6% pretax cost of debt — none of these are the company's actual marginal financing cost.
- No moat / disruption modelling. The model assumes the company keeps earning whatever it earns today, compounding cleanly. Competitive shifts, regulatory action, and technology disruption can invalidate the forecast overnight.
- Net income ≠ free cash flow. For capex-heavy names (semis, telcos) net income overstates distributable cash. For low-capex names (software) it understates. Both reduce the precision of the FV figure.
- Reflexivity. A high stock price often becomes a self-fulfilling prophecy via better hiring, financing, and customer trust. DCF can't see this.
Take the DCF, the reverse-DCF implied growth, the historical multiples, and the community sentiment together. When they agree, conviction. When they disagree, the disagreement is the most informative thing on the page.