NAT

Nordic American Tankers Limited

Industrials · $1.6B market cap

Verdict

Share price

$8.42

close of Oct 3, 2026

Fair value

$2.24

Sticker Price

Payback Price

$0.898

buy price

Overpriced

NAT is Overpriced: at $8.42 it trades 275% above its fair value of $2.24. Its buy price (Payback Price) is $0.898, 89% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth-2.4% a year✗
Equity per share growth-13.8% a year✗
Sales growth4.2% a year✗
Free cash flow growth1.6% a year✗
Return on invested capital9.5%✗

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About Nordic American Tankers Limited

Founded in 1995 and headquartered in Hamilton, Bermuda, Nordic American Tankers Limited (NAT) is a shipping enterprise focused on the acquisition and chartering of double-hull tanker vessels. The company's operations extend internationally as well as within Bermuda, and it currently manages a fleet of 24 Suezmax-class crude oil tankers. In June 2011, the firm changed its name to Nordic American Tankers Limited…

Marine Shipping

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works