Nabors Industries Ltd. (NBR) Financial Ratios
30 years of historical data (1996–2025) · Energy · Oil & Gas Drilling
EV/EBITDA
↑
3.30
↑+31% vs avg
5yr avg: 2.51
30Y Low1.9·High35.7
P/FCF
↑
N/A
—
5yr avg: 15.15
30Y Low2.7·High153.5
P/B Ratio
↑
0.87
↑+39% vs avg
5yr avg: 0.63
30Y Low0.2·High5.7
ROE
↑
18.8%
↓+257% vs avg
5yr avg: -12.0%
30Y Low-39%·High28%
Debt/EBITDA
↓
2.81
+13% vs avg
5yr avg: 2.48
30Y Low1.3·High4.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
NBR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Nabors Industries Ltd. trades at 5.1x earnings, 60% above its 5-year average of 3.2x, sitting at the 6th percentile of its historical range. Compared to the Energy sector median P/E of 15.4x, the stock trades at a discount of 67%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.4B | $783M | $526M | $748M | $1.4B | $617M | $411M | $1.0B | $669M | $1.9B | $4.5B |
| Enterprise Value | $3.0B | $2.4B | $2.7B | $2.9B | $3.5B | $2.9B | $2.9B | $4.0B | $3.8B | $5.6B | $7.8B |
| P/E Ratio → | 5.07 | 3.16 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.44 | 0.25 | 0.18 | 0.25 | 0.52 | 0.31 | 0.19 | 0.33 | 0.22 | 0.75 | 2.04 |
| P/B Ratio | 0.87 | 0.54 | 0.44 | 0.58 | 1.13 | 0.44 | 0.24 | 0.41 | 0.21 | 0.61 | 1.39 |
| P/FCF | — | — | 38.93 | 7.71 | 10.80 | 3.17 | 2.67 | 3.94 | — | — | 33.23 |
| P/OCF | 2.00 | 1.13 | 0.90 | 1.17 | 2.75 | 1.44 | 1.18 | 1.48 | 2.05 | 30.54 | 8.52 |
P/E links to full P/E history page with 30-year chart
NBR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Nabors Industries Ltd.'s enterprise value stands at 3.3x EBITDA, 31% above its 5-year average of 2.5x. The Energy sector median is 7.8x, placing the stock at a 58% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.76 | 0.91 | 0.96 | 1.32 | 1.45 | 1.37 | 1.30 | 1.25 | 2.19 | 3.52 |
| EV / EBITDA | 3.30 | 2.64 | 3.03 | 1.85 | 2.55 | 2.50 | 2.03 | 4.92 | 2.36 | 4.04 | 5.24 |
| EV / EBIT | 11.44 | 9.14 | 14.85 | 10.70 | 78.95 | — | — | — | — | — | — |
| EV / FCF | — | — | 197.63 | 29.77 | 27.41 | 15.05 | 18.90 | 15.41 | — | — | 57.52 |
NBR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Nabors Industries Ltd. earns an operating margin of 8.3%, below the Energy sector average of 13.8%. Operating margins have compressed from 30.4% to 8.3% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 18.8% indicates solid capital efficiency, compared to the sector median of 7.2%. ROIC of 6.2% represents adequate returns on invested capital versus a sector median of 6.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 19.5% | 19.5% | 18.9% | 40.4% | 37.2% | 36.2% | 37.4% | 7.8% | 35.3% | 33.0% | 39.7% |
| Operating Margin | 8.3% | 8.3% | 8.5% | 30.4% | 26.7% | 23.8% | 26.1% | -2.3% | 24.4% | 21.2% | 27.9% |
| Net Profit Margin | 7.8% | 7.8% | -6.0% | -0.4% | -13.2% | -28.2% | -37.8% | -23.8% | -21.0% | -21.3% | -46.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.8% | 18.8% | -14.2% | -0.9% | -26.8% | -36.8% | -38.6% | -25.7% | -20.4% | -17.1% | -27.3% |
| ROA | 5.3% | 5.3% | -3.6% | -0.2% | -6.8% | -10.3% | -13.1% | -9.9% | -7.9% | -6.6% | -11.6% |
| ROIC | 6.2% | 6.2% | 5.5% | 20.3% | 15.1% | 9.1% | 8.7% | -0.9% | 8.5% | 6.1% | 6.5% |
| ROCE | 6.8% | 6.8% | 6.2% | 22.3% | 15.5% | 9.6% | 10.1% | -1.1% | 10.3% | 7.3% | 7.8% |
NBR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Nabors Industries Ltd. carries a Debt/EBITDA ratio of 2.8x, which is moderately leveraged (8% above the sector average of 2.6x). Net debt stands at $1.6B ($2.6B total debt minus $941M cash). Interest coverage of just 1.2x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.78 | 1.78 | 2.10 | 2.50 | 2.12 | 2.37 | 1.75 | 1.37 | 1.14 | 1.28 | 1.10 |
| Debt / EBITDA | 2.81 | 2.81 | 2.88 | 2.05 | 1.87 | 2.81 | 2.07 | 4.20 | 2.22 | 2.90 | 2.39 |
| Net Debt / Equity | — | 1.13 | 1.78 | 1.67 | 1.75 | 1.66 | 1.47 | 1.19 | 0.99 | 1.17 | 1.02 |
| Net Debt / EBITDA | 1.78 | 1.78 | 2.43 | 1.37 | 1.54 | 1.97 | 1.74 | 3.66 | 1.95 | 2.66 | 2.21 |
| Debt / FCF | — | — | 158.70 | 22.06 | 16.62 | 11.88 | 16.24 | 11.46 | — | — | 24.29 |
| Interest Coverage | 1.22 | 1.22 | 0.85 | 1.46 | 0.25 | -1.24 | -1.54 | -1.88 | -0.48 | -1.34 | -1.35 |
NBR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.56x means Nabors Industries Ltd. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.36x to 1.56x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.56 | 1.56 | 1.75 | 1.36 | 1.68 | 2.89 | 2.20 | 1.90 | 1.92 | 1.57 | 1.41 |
| Quick Ratio | 1.47 | 1.47 | 1.52 | 1.23 | 1.46 | 2.65 | 1.88 | 1.63 | 1.72 | 1.39 | 1.28 |
| Cash Ratio | 0.95 | 0.95 | 0.69 | 0.88 | 0.76 | 1.89 | 0.93 | 0.69 | 0.58 | 0.40 | 0.36 |
| Asset Turnover | — | 0.66 | 0.65 | 0.57 | 0.56 | 0.37 | 0.39 | 0.45 | 0.39 | 0.31 | 0.27 |
| Inventory Turnover | 27.05 | 27.05 | 18.28 | 12.11 | 13.02 | 10.18 | 8.32 | 15.91 | 11.94 | 10.33 | 12.98 |
| Days Sales Outstanding | — | 44.89 | 48.33 | 42.24 | 45.03 | 52.03 | 62.08 | 54.33 | 90.28 | 99.42 | 83.29 |
NBR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Nabors Industries Ltd. returns 0.5% to shareholders annually primarily through dividends. The payout ratio of 2.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 19.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.5% | 0.8% | 0.0% | 0.0% | 0.0% | 1.2% | 5.5% | 4.9% | 13.0% | 3.6% | 1.1% |
| Payout Ratio | 2.4% | 2.4% | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 19.7% | 31.6% | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | 2.6% | 13.0% | 9.3% | 31.6% | 37.5% | 25.4% | — | — | 3.0% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.4% | 0.0% | 0.0% | 0.9% | 0.0% |
| Total Shareholder Yield | 0.5% | 0.8% | 0.0% | 0.0% | 0.0% | 1.2% | 5.9% | 4.9% | 13.0% | 4.5% | 1.2% |
| Shares Outstanding | — | $14M | $9M | $9M | $9M | $8M | $7M | $7M | $7M | $6M | $6M |
Peer Comparison
Compare NBR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 NBRYou | $1B | 5.1 | 3.3 | — | 19.5% | 8.3% | 18.8% | 6.2% | 2.8 |
 HP | $3B | -21.1 | 6.5 | 30.0 | 14.8% | 6.2% | -5.7% | 3.7% | 2.7 |
 PD | $773M | 4.5 | 50.1 | 6.9 | 84.9% | 1.2% | 83.0% | 1.2% | 21.8 |
 PTEN | $4B | -41.8 | 5.1 | 10.2 | 4.8% | -0.5% | -2.8% | -0.4% | 1.4 |
 KRP | $1B | 32.1 | 13.4 | 5.6 | 93.9% | 39.8% | 11.1% | 8.8% | 3.4 |
 SLB | $72B | 20.5 | 11.1 | 15.1 | 18.2% | 15.3% | 13.5% | 12.1% | 1.7 |
 HAL | $29B | 23.3 | 10.3 | 17.4 | 15.7% | 10.2% | 12.2% | 10.2% | 2.4 |
 BKR | $58B | 22.5 | 12.9 | 22.8 | 23.6% | 12.8% | 14.4% | 12.7% | 1.5 |
 NINE | $487M | -9.0 | 17.0 | — | 10.7% | 0.1% | — | 0.1% | 7.7 |
 KLXE | $46M | -0.6 | 5.5 | — | 6.3% | -4.8% | — | -9.4% | 4.9 |
 NOV | $7B | 47.8 | 8.2 | 7.8 | 20.2% | 6.5% | 2.3% | 5.8% | 2.5 |
| Energy Median | — | 15.4 | 7.8 | 13.8 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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NBR — Frequently Asked Questions
Quick answers to the most common questions about buying NBR stock.
What is Nabors Industries Ltd.'s P/E ratio?
Nabors Industries Ltd.'s current P/E ratio is 5.1x. The historical average is 33.6x. This places it at the 6th percentile of its historical range.
What is Nabors Industries Ltd.'s EV/EBITDA?
Nabors Industries Ltd.'s current EV/EBITDA is 3.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.7x.
What is Nabors Industries Ltd.'s ROE?
Nabors Industries Ltd.'s return on equity (ROE) is 18.8%. The historical average is -0.3%.
Is NBR stock overvalued?
Based on historical data, Nabors Industries Ltd. is trading at a P/E of 5.1x. This is at the 6th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Nabors Industries Ltd.'s dividend yield?
Nabors Industries Ltd.'s current dividend yield is 0.48% with a payout ratio of 2.4%.
What are Nabors Industries Ltd.'s profit margins?
Nabors Industries Ltd. has 19.5% gross margin and 8.3% operating margin.
How much debt does Nabors Industries Ltd. have?
Nabors Industries Ltd.'s Debt/EBITDA ratio is 2.8x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.