Nabors Industries Ltd. (NBR) Key Metrics
NBR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.19B
- Enterprise value
- $2.88B
- P/E (TTM)
- 6.0
- Forward P/E
- 56.2
- PEG ratio
- 2.90
- Price / sales
- 0.4 10-yr median 0.3
- Price / book
- 2.3 10-yr median 0.9
- EV / EBITDA
- 2.2 10-yr median 5.1
- Dividend yield
- —
- Beta
- 1.13
NBR key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsNBR valuation Price multiples at each fiscal year-end price.
NBR returns How much profit the business earns on the capital it uses.
NBR per-share figures Results divided by the shares outstanding at year-end.
NBR financial health Debt, liquidity and how easily interest is covered.
NBR efficiency & capital use Working capital cycle and where the cash goes.
NBR valuation history
NBR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
NBR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
NBR cash returned to shareholders
NBR price vs earnings per share
NBR key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $782.8M | $526.1M | $747.6M | $1.38B | $616.7M | $411.0M | $1.01B | $668.8M | $1.92B | $4.53B |
| Enterprise value | $2.41B | $2.66B | $2.88B | $3.47B | $2.89B | $2.91B | $3.91B | $3.77B | $5.58B | $7.82B |
| P/E ratio | 3.2 | — | — | — | — | — | — | — | — | — |
| Price / sales | 0.2 | 0.2 | 0.2 | 0.5 | 0.3 | 0.2 | 0.3 | 0.2 | 0.7 | 2.0 |
| Price / book | 1.3 | 3.9 | 2.3 | 1.1 | 0.4 | 0.2 | 0.4 | 0.2 | 0.7 | 1.4 |
| Price / free cash flow | — | 38.9 | 7.7 | 10.8 | 3.2 | 2.7 | 3.9 | — | — | 33.2 |
| Price / operating cash flow | 1.1 | 0.9 | 1.2 | 2.8 | 1.4 | 1.2 | 1.5 | 2.1 | 30.5 | 8.5 |
| EV / sales | 0.8 | 0.9 | 1.0 | 1.3 | 1.4 | 1.4 | 1.3 | 1.2 | 2.2 | 3.5 |
| EV / EBITDA | 1.7 | 3.3 | 3.1 | 4.9 | 6.0 | 5.2 | 7.9 | 5.0 | 10.2 | 12.5 |
| EV / free cash flow | — | 197.1 | 29.6 | 27.2 | 15.1 | 18.8 | 15.2 | — | — | 57.3 |
| Earnings yield | 31.7% | −33.5% | −1.6% | −25.4% | −92.3% | −196.0% | −71.5% | −95.8% | −28.5% | −22.7% |
| Free cash flow yield | −2.9% | 2.6% | 13.0% | 9.3% | 31.0% | 37.5% | 25.4% | −19.9% | −26.7% | 3.0% |
| Dividend yield | 0.8% | 0.0% | 0.0% | 0.0% | 1.2% | 5.5% | 4.9% | 13.0% | 3.6% | 1.1% |
| Shareholder yield (dividends + buybacks) | 44.5% | 0.0% | 0.0% | 0.3% | 1.2% | 5.9% | 4.9% | 13.0% | 4.5% | 1.2% |
| Share price at fiscal year-end | $54.30 | $57.17 | $81.63 | $154.87 | $81.09 | $58.23 | $144.00 | $100.00 | $341.50 | $820.00 |
| Per share | ||||||||||
| Revenue per share | $220.91 | $318.42 | $328.20 | $298.24 | $265.29 | $302.32 | $432.77 | $457.18 | $456.84 | $402.90 |
| Earnings per share | $17.23 | −$19.14 | −$1.29 | −$39.36 | −$74.85 | −$114.13 | −$102.94 | −$95.84 | −$97.42 | −$186.23 |
| Operating cash flow per share | $48.09 | $63.19 | $69.64 | $56.31 | $56.38 | $49.55 | $97.34 | $48.71 | $11.18 | $96.19 |
| Free cash flow per share | −$1.57 | $1.47 | $10.59 | $14.35 | $25.13 | $21.85 | $36.52 | −$19.91 | −$91.16 | $24.68 |
| Cash per share | $65.26 | $43.18 | $116.84 | $50.83 | $130.37 | $68.25 | $64.35 | $72.04 | $65.09 | $53.39 |
| Book value per share | $40.98 | $14.67 | $35.66 | $136.59 | $183.33 | $240.78 | $352.02 | $403.84 | $518.76 | $587.22 |
| Tangible book value per share | $40.98 | $14.67 | $35.66 | $136.59 | $183.33 | $240.78 | $343.95 | $348.84 | $457.03 | $526.85 |
| Dividends per share | $0.42 | $0.01 | $0.02 | $0.01 | $0.97 | $3.19 | $7.05 | $13.02 | $12.20 | $9.21 |
| Capex per share | $49.66 | $61.72 | $59.05 | $41.97 | $31.25 | $27.70 | $60.82 | $68.62 | $102.34 | $71.52 |
| Debt per share | $177.95 | $275.39 | $349.16 | $285.94 | $429.75 | $421.73 | $475.90 | $536.25 | $717.60 | $647.19 |
| Shares outstanding | 14.4M | 9.2M | 9.2M | 8.9M | 7.6M | 7.1M | 7.0M | 6.7M | 5.6M | 5.5M |
| Change in shares outstanding | +56.7% | +0.5% | +2.9% | +17.0% | +7.7% | +0.4% | +5.1% | +19.2% | +1.5% | −2.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 68.4% | −76.3% | −1.5% | −26.8% | −36.8% | −38.6% | −28.0% | −22.8% | −17.8% | −27.4% |
| Return on invested capital (ROIC) | 8.2% | 8.3% | 15.9% | 16.1% | 9.7% | 9.2% | −1.0% | 9.5% | 6.6% | 6.9% |
| Return on assets (ROA) | 5.3% | −3.6% | −0.2% | −6.8% | −10.3% | −13.1% | −9.9% | −7.9% | −6.6% | −11.6% |
| Return on tangible assets | 5.2% | −3.9% | −0.2% | −7.4% | −10.3% | −14.6% | −10.8% | −8.6% | −6.8% | −13.1% |
| Free cash flow margin | −0.7% | 0.5% | 3.2% | 4.8% | 9.5% | 7.2% | 8.4% | −4.4% | −20.0% | 6.1% |
| Income quality (OCF / net income) | 2.79 | — | — | — | — | — | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $2.57B | $2.53B | $3.20B | $2.54B | $3.27B | $2.98B | $3.35B | $3.59B | $4.03B | $3.58B |
| Cash & short-term investments | $940.7M | $397.3M | $1.07B | $452.3M | $991.5M | $481.7M | $452.5M | $481.8M | $365.4M | $295.2M |
| Net debt | $1.62B | $2.14B | $2.13B | $2.09B | $2.28B | $2.50B | $2.89B | $3.10B | $3.66B | $3.28B |
| Debt / equity | 4.34 | 18.77 | 9.79 | 2.09 | 2.34 | 1.75 | 1.35 | 1.33 | 1.38 | 1.10 |
| Debt / assets | 0.54 | 0.56 | 0.61 | 0.54 | 0.59 | 0.54 | 0.50 | 0.46 | 0.48 | 0.44 |
| Net debt / EBITDA | 1.16 | 2.63 | 2.33 | 2.95 | 4.73 | 4.45 | 5.89 | 4.08 | 6.70 | 5.25 |
| Current ratio | 1.56 | 1.75 | 1.36 | 1.68 | 2.89 | 2.20 | 1.90 | 1.92 | 1.57 | 1.41 |
| Quick ratio | 1.47 | 1.52 | 1.23 | 1.46 | 2.65 | 1.88 | 1.63 | 1.72 | 1.39 | 1.28 |
| Interest coverage | 1.2 | 1.2 | 4.9 | 4.0 | 2.8 | 2.7 | -0.3 | 3.3 | 2.4 | 3.4 |
| Working capital | $558.6M | $427.6M | $431.7M | $404.2M | $992.6M | $616.0M | $592.1M | $761.5M | $527.9M | $333.9M |
| Invested capital | $2.22B | $2.27B | $2.45B | $3.31B | $3.67B | $4.19B | $5.37B | $5.81B | $6.57B | $6.53B |
| Tangible asset value | $1.44B | $1.21B | $1.28B | $1.22B | $1.39B | $1.70B | $2.42B | $2.79B | $2.80B | $2.92B |
| Net current asset value | −$1.80B | −$2.30B | −$2.35B | −$2.51B | −$2.61B | −$2.67B | −$3.04B | −$3.11B | −$3.81B | −$3.78B |
| Graham number | $126.03 | — | — | — | — | — | — | — | — | — |
| Graham net-net per share | −$143.60 | −$276.54 | −$282.99 | −$309.35 | −$376.17 | −$420.67 | −$484.14 | −$533.33 | −$763.73 | −$760.28 |
| Capital allocation | ||||||||||
| Dividends paid | $6.1M | $87,000 | $194,000 | $65,000 | $7.4M | $22.5M | $49.6M | $87.1M | $68.5M | $50.9M |
| Share buybacks (net) | $342.4M | — | — | $3.5M | $0 | $1.7M | $0 | $0 | $18.1M | $1.7M |
| Dividend payout ratio | 2.4% | — | — | — | — | — | — | — | — | — |
| Dividends + buybacks / free cash flow | — | 0.6% | 0.2% | 2.8% | 3.9% | 15.7% | 19.3% | — | — | 38.6% |
| Capex / revenue | 22.5% | 19.4% | 18.0% | 14.1% | 11.8% | 9.2% | 14.1% | 15.0% | 22.4% | 17.8% |
| Capex / operating cash flow | 103.3% | 97.7% | 84.8% | 74.5% | 55.4% | 55.9% | 62.5% | 140.9% | 915.4% | 74.3% |
| Capex / depreciation | 1.10 | 0.90 | 0.84 | 0.56 | 0.34 | 0.23 | 0.49 | 0.53 | 0.68 | 0.45 |
| Stock-based compensation / revenue | 0.7% | 0.6% | 0.5% | 0.6% | 1.0% | 1.2% | 0.8% | 0.9% | 1.2% | 1.4% |
| R&D / revenue | 1.7% | 1.9% | 1.9% | 1.9% | 1.8% | 1.7% | 1.7% | 2.3% | 2.0% | 1.5% |
| SG&A / revenue | 9.6% | 8.5% | 8.1% | 8.6% | 10.6% | 9.5% | 8.5% | 8.7% | 9.8% | 10.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 44.7 | 45.8 | 41.0 | 42.3 | 58.8 | 69.8 | 72.5 | 86.8 | 85.9 | 105.9 |
| Days of inventory on hand | 16.0 | 21.3 | 28.1 | 27.9 | 40.7 | 46.0 | 22.2 | 30.6 | 28.7 | 34.9 |
| Days payables outstanding | 44.2 | 47.3 | 62.0 | 62.2 | 67.3 | 70.5 | 44.8 | 69.8 | 66.7 | 72.8 |
| Cash conversion cycle (days) | 16.4 | 19.9 | 7.1 | 8.0 | 32.2 | 45.3 | 50.0 | 47.7 | 47.9 | 68.0 |
| Receivables turnover | 8.17 | 7.96 | 8.90 | 8.63 | 6.20 | 5.23 | 5.03 | 4.20 | 4.25 | 3.45 |
| Payables turnover | 8.25 | 7.72 | 5.88 | 5.87 | 5.42 | 5.18 | 8.16 | 5.23 | 5.47 | 5.01 |
| Inventory turnover | 22.81 | 17.11 | 12.99 | 13.10 | 8.97 | 7.93 | 16.41 | 11.91 | 12.73 | 10.44 |
| Asset turnover | 0.69 | 0.60 | 0.60 | 0.52 | 0.37 | 0.35 | 0.42 | 0.38 | 0.31 | 0.25 |
| Average receivables | $389.8M | $367.9M | $337.6M | $307.5M | $325.3M | $408.0M | $604.7M | $727.4M | $603.4M | $646.5M |
| Average payables | $310.7M | $307.7M | $304.2M | $283.9M | $237.3M | $258.0M | $344.0M | $378.1M | $314.0M | $268.3M |
| Average inventory | $112.4M | $138.9M | $137.9M | $127.2M | $143.5M | $168.5M | $171.0M | $165.9M | $135.0M | $128.7M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.8% | 4.7% | 4.1% | 4.1% |
Computed from NBR's annual financial statements (latest annual report filed February 13, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
NBR valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Nabors Industries traded at 3.2 times earnings. Based on the latest twelve months, the trailing P/E is 6.0 and the forward P/E is 56.2. Nabors Industries earned a return on equity of 68.4% and a return on invested capital of 8.2% in fiscal 2025. It ended the year with $2.6 billion of debt and $940.7 million in cash and short-term investments, net debt of $1.6 billion. It returned $348.4 million to shareholders: $6.1 million in dividends and $342.4 million in share buybacks. The share count rose 160.7% from 5.5M to 14.4M over 9 years.
See the NBR income statement, the NBR chart for price history, or the NBR stock overview for the latest quote and news.
NBR key metrics FAQ
What is Nabors Industries's P/E ratio?
Nabors Industries's trailing P/E ratio is 6.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 56.2. At the end of fiscal 2025 it was 3.2.
What is Nabors Industries's EV/EBITDA?
Nabors Industries's enterprise value was 1.7 times EBITDA at the end of fiscal 2025 (enterprise value $2.4 billion, EBITDA $1.4 billion); the current EV/EBITDA is 2.2.
What is Nabors Industries's return on equity?
Nabors Industries's return on equity (ROE) was 68.4% in fiscal 2025: net income of $248.3 million on average shareholders' equity of $362.9 million.
What is Nabors Industries's ROIC?
Nabors Industries's return on invested capital was 8.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Nabors Industries have?
Nabors Industries had total debt of $2.6 billion at the end of fiscal 2025, a debt-to-equity ratio of 4.34 and $1.6 billion of net debt (1.16 times EBITDA).
What is Nabors Industries's dividend yield?
Nabors Industries paid $6.1 million in dividends in fiscal 2025 ($0.42 per share), a payout ratio of 2.4%.
Does Nabors Industries buy back its shares?
Yes. Nabors Industries spent $342.4 million on net share repurchases in fiscal 2025 Shares outstanding changed +56.7% over the year, to 14.4M..
What is Nabors Industries's free cash flow yield?
Nabors Industries generated -$22.7 million of free cash flow in fiscal 2025, a free cash flow yield of −2.9% on its market value at year-end ($782.8 million).
What is Nabors Industries's current ratio?
Nabors Industries's current ratio was 1.56 at the end of fiscal 2025: current assets were 1.56 times current liabilities.