Nabors Industries Ltd. (NBR) P/E Ratio History
Deep ValueTrading at 5.1x · 10th percentile of 5-year range · Significant discount to historical valuation · Data 1990–2025
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P/E Ratio Analysis
As of June 22, 2026, Nabors Industries Ltd. (NBR) trades at a price-to-earnings ratio of 5.1x, with a stock price of $87.06 and trailing twelve-month earnings per share of $18.49.
The current P/E is 92% below its 5-year average of 62.5x. Over the past five years, NBR's P/E has ranged from a low of 3.4x to a high of 301.9x, placing the current valuation at the 10th percentile of its historical range.
Compared to the Energy sector median P/E of 15.4x, NBR trades at a 67% discount to its sector peers. The sector includes 174 companies with P/E ratios ranging from 0.5x to 166.4x.
Relative to the broader market, NBR trades at a notable discount to the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our NBR DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
NBR Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
NBR P/E vs Peers
Land Drilling and Completion Services peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $773M | 4.5Lowest | -Best | +417%Best | |
| $1B | 32.1 | -Best | +101% | |
| $72B | 20.5 | -Best | -24% | |
| $29B | 23.3 | -Best | -47% | |
| $58B | 22.5 | -Best | -13% | |
| $7B | 47.8 | -Best | -76% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
NBR Historical P/E Data (1990–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Dec 31 2025 | $54.30 | $16.01 | 3.4x | -92% |
| FY2025 Q3 | - | $40.87 | $9.17 | 4.5x | -89% |
| FY2014 Q3 | - | $1138.00 | $53.50 | 21.3x | -48% |
| FY2014 Q2 | Jun 30 2014 | $1468.50 | $25.77 | 57.0x | +40% |
| FY2014 Q1 | Mar 31 2014 | $1232.50 | $14.66 | 84.1x | +107% |
| FY2013 Q4 | - | $849.50 | $23.16 | 36.7x | -10% |
| FY2013 Q3 | Sep 30 2013 | $803.00 | $2.66 | 301.9x | +642% |
| FY2013 Q2 | Jun 30 2013 | $765.50 | $33.39 | 22.9x | -44% |
| FY2013 Q1 | Mar 31 2013 | $811.00 | $21.46 | 37.8x | -7% |
| FY2012 Q4 | Dec 31 2012 | $722.50 | $27.96 | 25.8x | -37% |
| FY2012 Q3 | Sep 30 2012 | $701.50 | $5.27 | 133.1x | +227% |
| FY2012 Q2 | Jun 30 2012 | $720.00 | $4.77 | 150.9x | +271% |
| FY2012 Q1 | Mar 31 2012 | $874.50 | $49.81 | 17.6x | -57% |
| FY2011 Q4 | Dec 31 2011 | $867.00 | $40.81 | 21.2x | -48% |
| FY2011 Q3 | Sep 30 2011 | $613.00 | $67.82 | 9.0x | -78% |
| FY2011 Q2 | - | $1232.00 | $48.38 | 25.5x | -37% |
| FY2011 Q1 | - | $1519.00 | $23.38 | 65.0x | +60% |
| FY2010 Q4 | Dec 31 2010 | $1173.00 | $16.38 | 71.6x | +76% |
| FY2010 Q2 | Jun 30 2010 | $881.00 | $11.20 | 78.7x | +93% |
| FY2009 Q2 | - | $779.00 | $9.59 | 81.2x | +100% |
| FY2009 Q1 | - | $499.50 | $77.17 | 6.5x | -84% |
| FY2008 Q4 | Dec 31 2008 | $598.50 | $95.67 | 6.3x | -85% |
| FY2008 Q3 | - | $1246.00 | $150.52 | 8.3x | -80% |
| FY2008 Q2 | Jun 30 2008 | $2461.50 | $152.02 | 16.2x | -60% |
| FY2008 Q1 | Mar 31 2008 | $1688.50 | $158.02 | 10.7x | -74% |
| FY2007 Q4 | Dec 31 2007 | $1369.50 | $163.52 | 8.4x | -79% |
| FY2007 Q3 | Sep 30 2007 | $1538.50 | $166.43 | 9.2x | -77% |
| FY2007 Q2 | Jun 30 2007 | $1669.00 | $179.43 | 9.3x | -77% |
| FY2007 Q1 | Mar 31 2007 | $1483.50 | $178.43 | 8.3x | -80% |
| FY2006 Q4 | Dec 31 2006 | $1489.00 | $171.93 | 8.7x | -79% |
| FY2006 Q3 | Sep 30 2006 | $1487.50 | $162.65 | 9.1x | -78% |
| FY2006 Q2 | Jun 30 2006 | $1689.50 | $139.15 | 12.1x | -70% |
| FY2006 Q1 | Mar 31 2006 | $1789.50 | $121.15 | 14.8x | -64% |
| FY2005 Q4 | Dec 31 2005 | $1893.75 | $101.65 | 18.6x | -54% |
| FY2005 Q3 | Sep 30 2005 | $1795.75 | $85.87 | 20.9x | -49% |
| FY2005 Q2 | - | $1515.50 | $70.37 | 21.5x | -47% |
| FY2005 Q1 | - | $1478.50 | $57.37 | 25.8x | -37% |
| FY2004 Q4 | Dec 31 2004 | $1282.25 | $48.87 | 26.2x | -36% |
| FY2004 Q3 | - | $1183.75 | $41.96 | 28.2x | -31% |
| FY2004 Q2 | Jun 30 2004 | $1130.50 | $38.21 | 29.6x | -27% |
| FY2004 Q1 | Mar 31 2004 | $1143.75 | $35.46 | 32.3x | -21% |
| FY2003 Q4 | Dec 31 2003 | $1037.50 | $31.71 | 32.7x | -20% |
| FY2003 Q3 | - | $931.50 | $25.42 | 36.6x | -10% |
| FY2003 Q2 | Jun 30 2003 | $988.25 | $21.67 | 45.6x | +12% |
| FY2003 Q1 | Mar 31 2003 | $996.75 | $21.17 | 47.1x | +16% |
| FY2002 Q4 | - | $881.75 | $20.42 | 43.2x | +6% |
| FY2002 Q3 | Sep 30 2002 | $818.75 | $26.55 | 30.8x | -24% |
| FY2002 Q2 | Jun 30 2002 | $882.50 | $39.05 | 22.6x | -44% |
| FY2002 Q1 | Mar 31 2002 | $1056.25 | $50.55 | 20.9x | -49% |
| FY2001 Q4 | Dec 31 2001 | $858.25 | $56.30 | 15.2x | -63% |
| FY2001 Q3 | Sep 30 2001 | $524.25 | $54.90 | 9.5x | -77% |
| FY2001 Q2 | Jun 30 2001 | $930.00 | $44.15 | 21.1x | -48% |
| FY2001 Q1 | Mar 31 2001 | $1296.00 | $32.40 | 40.0x | -2% |
| FY2000 Q4 | Dec 31 2000 | $1478.75 | $22.90 | 64.6x | +59% |
| FY2000 Q3 | Sep 30 2000 | $1310.00 | $15.14 | 86.5x | +113% |
| FY2000 Q2 | Jun 30 2000 | $1039.06 | $9.89 | 105.1x | +158% |
| FY2000 Q1 | Mar 31 2000 | $970.31 | $6.64 | 146.1x | +259% |
| FY1999 Q4 | Dec 31 1999 | $773.44 | $6.39 | 121.0x | +197% |
| FY1999 Q3 | - | $625.00 | $9.91 | 63.1x | +55% |
| FY1999 Q2 | Jun 30 1999 | $609.38 | $15.66 | 38.9x | -4% |
| FY1999 Q1 | Mar 31 1999 | $454.69 | $23.16 | 19.6x | -52% |
| FY1998 Q4 | - | $337.50 | $29.16 | 11.6x | -72% |
| FY1998 Q3 | Sep 30 1998 | $379.69 | $33.25 | 11.4x | -72% |
| FY1998 Q2 | - | $500.00 | $36.65 | 13.6x | -66% |
| FY1998 Q1 | - | $593.75 | $35.65 | 16.7x | -59% |
| FY1997 Q4 | Dec 31 1997 | $790.63 | $31.90 | 24.8x | -39% |
| FY1997 Q3 | - | $978.13 | $27.90 | 35.1x | -14% |
| FY1997 Q2 | Jun 30 1997 | $625.00 | $23.02 | 27.2x | -33% |
| FY1997 Q1 | Mar 31 1997 | $487.89 | $20.77 | 23.5x | -42% |
| FY1996 Q4 | - | $481.25 | $20.02 | 24.0x | -41% |
| FY1996 Q3 | Sep 30 1996 | $340.63 | $19.02 | 17.9x | -56% |
| FY1996 Q2 | Jun 30 1996 | $406.25 | $17.99 | 22.6x | -45% |
| FY1996 Q1 | Mar 31 1996 | $356.25 | $16.74 | 21.3x | -48% |
| FY1995 Q4 | Dec 31 1995 | $281.25 | $15.74 | 17.9x | -56% |
| FY1995 Q3 | Sep 30 1995 | $235.94 | $14.74 | 16.0x | -61% |
| FY1995 Q2 | Jun 30 1995 | $210.94 | $13.68 | 15.4x | -62% |
| FY1995 Q1 | Mar 31 1995 | $187.50 | $1.68 | 111.6x | +174% |
| FY1994 Q4 | Dec 31 1994 | $162.50 | $0.68 | 239.0x | +487% |
| FY1994 Q3 | Sep 30 1994 | $153.13 | $0.43 | 356.1x | +775% |
| FY1994 Q1 | - | $165.63 | $12.13 | 13.7x | -66% |
| FY1993 Q4 | Dec 31 1993 | $203.13 | $12.88 | 15.8x | -61% |
| FY1993 Q3 | - | $234.38 | $12.88 | 18.2x | -55% |
| FY1993 Q2 | Jun 30 1993 | $253.13 | $13.90 | 18.2x | -55% |
| FY1993 Q1 | Mar 31 1993 | $190.63 | $13.15 | 14.5x | -64% |
| FY1992 Q4 | - | $162.50 | $13.15 | 12.4x | -70% |
| FY1992 Q3 | Sep 30 1992 | $193.75 | $13.40 | 14.5x | -64% |
| FY1992 Q2 | - | $178.13 | $13.35 | 13.3x | -67% |
| FY1992 Q1 | - | $153.13 | $12.85 | 11.9x | -71% |
| FY1991 Q4 | - | $156.25 | $12.10 | 12.9x | -68% |
| FY1991 Q3 | Sep 30 1991 | $131.25 | $11.10 | 11.8x | -71% |
| FY1991 Q2 | Jun 30 1991 | $134.38 | $10.19 | 13.2x | -68% |
| FY1991 Q1 | Mar 31 1991 | $168.75 | $9.19 | 18.4x | -55% |
| FY1990 Q4 | Dec 31 1990 | $140.63 | $8.19 | 17.2x | -58% |
| FY1990 Q3 | Sep 30 1990 | $162.50 | $6.94 | 23.4x | -42% |
Average P/E for displayed period: 40.7x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
36+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
NBR — Frequently Asked Questions
Quick answers to the most common questions about buying NBR stock.
What is NBR's P/E ratio?
Nabors Industries Ltd. (NBR) trailing twelve-month P/E ratio is 5.1x, based on TTM diluted EPS of $18.49. The 5-year average P/E is 62.5x and the historical range spans 3.4x to 301.9x.
Is NBR stock overvalued or undervalued?
NBR trades at 5.1x P/E, below its 5-year average of 62.5x. At the 10th percentile of its historical range (3.4x–301.9x), the stock is priced at a discount to its own history.
Is NBR stock expensive?
No, NBR is not expensive on a historical basis. The current P/E of 5.1x is below the 5-year average of 62.5x and sits at the 10th percentile of its valuation range.
What is NBR's historical P/E range?
Over the past 5 years, NBR's P/E ratio has ranged from 3.4x to 301.9x, with a median of 37.8x and an average of 62.5x. The current P/E of 5.1x places the stock at the 10th percentile of this range. Full historical data spans 1990–2025.
How does NBR's P/E compare to the S&P 500?
NBR trades at 5.1x P/E versus the S&P 500 median of 24.4x. The 79% discount to the market suggests lower growth expectations or perceived higher risk.
How does NBR's valuation compare to Energy peers?
Nabors Industries Ltd. P/E of 5.1x compares to the Energy sector median of 15.4x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is NBR's PEG ratio?
NBR PEG ratio is N/A, based on a P/E of 5.1x and EPS growth of 176.7%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is NBR's earnings yield?
NBR earnings yield is 19.71%, the inverse of its 5.1x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.