NESR

National Energy Services Reunited Corp.

Energy · $2.6B market cap

Verdict

Share price

$24.67

close of Oct 3, 2026

Fair value

$11.40

Sticker Price

Payback Price

$4.56

buy price

Overpriced

NESR is Overpriced: at $24.67 it trades 116% above its fair value of $11.40. Its buy price (Payback Price) is $4.56, 82% below today's price. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow. Sales grew 13% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

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

Earnings per share growth9.3% a year✗
Equity per share growth-1.4% a year✗
Sales growth14.2% a year✓
Free cash flow growth18.4% a year✓
Return on invested capital5.5%✗

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Superinvestors

3 of the investors we track hold NESR. In Q2 2026, 1 opened a position and 1 added. Who we track

Moves in Q2 2026

New position: Polen Capital Management

Added: Alex Roepers

Insider activity

Since Mar 16, 2026: no open-market purchases, 8 sales worth $94.5M and 16 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

About National Energy Services Reunited Corp.

National Energy Services Reunited Corp. (NESR), established in 2017 with its headquarters in Houston, Texas, offers an extensive range of oilfield services to energy companies operating across the Middle East, North Africa, and Asia Pacific regions. The company's operations are divided into two main segments: Production Services, and Drilling and Evaluation Services. The Production Services division delivers a…

Oil & Gas Equipment & Services

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