# National Energy Services Reunited Corp (NESR) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Energy / Oilfield Services & Equipment. Price $20.69, market value $2.1 billion.

## Valuation
- **P/E (trailing): 22.5×** (5-yr avg 20.7×, 3-yr avg 20.7×). National Energy Services Reunited Corp trades at 22.5× trailing earnings, close to its own five-year average of 20.7×. The Energy median in the September 2026 study was 16.8×. Forward P/E is 8.1×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 1.3×**. Each dollar of revenue is priced at 1.3×.
- **Price / book: 2.0×**. The shares trade at 2.0× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 7.6×**. Enterprise value is 7.6× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 7.4%** (5-yr avg 11.1%). Free cash flow equals 7.4% of the market value, below its five-year average of 11.1%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 4.4%**. The inverse of the P/E: 4.4% of the price is earned each year.

## Profitability
- **Gross margin: 13.8%**. National Energy Services Reunited Corp keeps 13.8% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 9.6%**. 9.6% of revenue is left after running the business.
- **Net margin: 3.9%**. 3.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 5.3%**. 5.3% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 10.7%**. Return on all capital, debt included, is 10.7%.
- **Return on assets: 5.0%**. Each dollar of assets produces 5.0% of profit.

## Growth
- **Revenue growth (1 yr): 1.7%** (3-yr 13.3%/yr, 5-yr 9.7%/yr). Revenue grew 1.7% over the last year, against 9.7% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -35.0%** (5-yr 23.6%/yr). Earnings per share fell 35.0%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.26**. Debt is 0.26 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.5×**. It would take 0.5 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 1.04** (quick 1.04). Current assets cover the next year's liabilities 1.04 times.
- **Altman Z-score: 3.06**. A Z-score of 3.06 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. National Energy Services Reunited Corp does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (9 analysts). 9 analysts cover National Energy Services Reunited Corp; the consensus is strong_buy, with an average price target of $40.67 (+97% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 66.2%** (YTD 33.9%, 3-mo -24.5%). The shares are up 66.2% over twelve months including dividends.
- **From 52-week high: -44.0%** (74.7% above the low). Trading 44% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 39**. An RSI of 39 is neutral.
- **Beta (1 yr): 1.57** (volatility 59%). Beta of 1.57 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NESR · Page: https://foliofundamentals.com/stocks/nesr

Not investment advice.