Nabors Industries Stock Beta

NBR Stock

USD 77.04 1.94 2.58%

Nabors Industries fundamentals help investors to digest information that contributes to Nabors Industries' financial success or failures. It also enables traders to predict the movement of Nabors Stock. The fundamental analysis module provides a way to measure Nabors Industries' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Nabors Industries stock.

Short Long Term Debt Total Total Assets

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Nabors Industries Company Beta Analysis

Nabors Industries' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Nabors Industries Beta

2.35

Most of Nabors Industries' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Nabors Industries is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Nabors Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Nabors Industries is extremely important. It helps to project a fair market value of Nabors Stock properly, considering its historical fundamentals such as Beta. Since Nabors Industries' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Nabors Industries' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Nabors Industries' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Short Term Investments	Intangible Assets	Common Stock	Long Term Debt	Treasury Stock	Property Plant Equipment	Current Deferred Revenue	Deferred Long Term Liab	Net Tangible Assets	Capital Surpluse	Long Term Debt Total	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.94	0.93	0.85	0.95	0.97	0.92	-0.14	0.87	0.67	0.72	-0.61	0.92	-0.28	0.96	0.52	0.65	0.55	-0.48	0.5	0.22	0.22	-0.42	0.55	-0.09	-0.44
Total Stockholder Equity	0.94		0.84	0.97	0.92	0.87	0.83	-0.32	0.77	0.74	0.84	-0.36	0.79	-0.03	0.93	0.68	0.7	0.77	-0.69	0.69	0.34	0.38	-0.6	0.75	-0.13	-0.64
Net Debt	0.93	0.84		0.72	0.8	0.96	0.79	-0.21	0.78	0.48	0.51	-0.75	0.96	-0.53	0.85	0.5	0.44	0.34	-0.3	0.36	0.15	-0.07	-0.32	0.46	-0.01	-0.44
Retained Earnings	0.85	0.97	0.72		0.86	0.75	0.72	-0.38	0.67	0.7	0.85	-0.14	0.66	0.16	0.87	0.79	0.66	0.88	-0.83	0.81	0.41	0.44	-0.7	0.87	-0.17	-0.73
Net Receivables	0.95	0.92	0.8	0.86		0.89	0.94	-0.08	0.93	0.71	0.78	-0.41	0.81	-0.06	0.94	0.49	0.71	0.67	-0.57	0.6	0.16	0.38	-0.49	0.57	-0.16	-0.43
Total Liab	0.97	0.87	0.96	0.75	0.89		0.91	-0.12	0.88	0.57	0.6	-0.71	0.94	-0.43	0.89	0.44	0.56	0.4	-0.33	0.38	0.13	0.08	-0.29	0.42	-0.03	-0.35
Total Current Assets	0.92	0.83	0.79	0.72	0.94	0.91		0.04	0.9	0.75	0.73	-0.53	0.81	-0.15	0.86	0.26	0.72	0.5	-0.36	0.43	0.05	0.38	-0.25	0.36	-0.05	-0.25
Short Term Debt	-0.14	-0.32	-0.21	-0.38	-0.08	-0.12	0.04		0.0	-0.11	-0.16	-0.12	-0.1	-0.06	-0.06	-0.47	-0.24	-0.36	0.38	-0.48	-0.15	-0.05	0.2	-0.46	-0.32	0.67
Accounts Payable	0.87	0.77	0.78	0.67	0.93	0.88	0.9	0.0		0.52	0.6	-0.5	0.78	-0.2	0.81	0.34	0.55	0.46	-0.35	0.44	-0.06	0.22	-0.32	0.37	-0.12	-0.25
Short Term Investments	0.67	0.74	0.48	0.7	0.71	0.57	0.75	-0.11	0.52		0.87	-0.09	0.48	0.29	0.66	0.19	0.71	0.69	-0.56	0.59	0.1	0.74	-0.44	0.5	-0.16	-0.38
Intangible Assets	0.72	0.84	0.51	0.85	0.78	0.6	0.73	-0.16	0.6	0.87		-0.02	0.48	0.37	0.73	0.43	0.66	0.85	-0.76	0.7	0.24	0.79	-0.57	0.66	-0.23	-0.49
Common Stock	-0.61	-0.36	-0.75	-0.14	-0.41	-0.71	-0.53	-0.12	-0.5	-0.09	-0.02		-0.77	0.91	-0.49	0.03	-0.15	0.31	-0.3	0.31	0.04	0.43	-0.18	0.2	-0.08	-0.14
Long Term Debt	0.92	0.79	0.96	0.66	0.81	0.94	0.81	-0.1	0.78	0.48	0.48	-0.77		-0.55	0.88	0.4	0.48	0.27	-0.29	0.35	0.09	-0.07	-0.19	0.39	0.08	-0.36
Treasury Stock	-0.28	-0.03	-0.53	0.16	-0.06	-0.43	-0.15	-0.06	-0.2	0.29	0.37	0.91	-0.55		-0.17	0.1	0.16	0.59	-0.51	0.5	0.08	0.74	-0.35	0.37	-0.18	-0.23
Property Plant Equipment	0.96	0.93	0.85	0.87	0.94	0.89	0.86	-0.06	0.81	0.66	0.73	-0.49	0.88	-0.17		0.58	0.66	0.62	-0.61	0.57	0.25	0.24	-0.53	0.62	-0.19	-0.47
Current Deferred Revenue	0.52	0.68	0.5	0.79	0.49	0.44	0.26	-0.47	0.34	0.19	0.43	0.03	0.4	0.1	0.58		0.32	0.68	-0.76	0.69	0.57	0.0	-0.65	0.86	-0.12	-0.71
Deferred Long Term Liab	0.65	0.7	0.44	0.66	0.71	0.56	0.72	-0.24	0.55	0.71	0.66	-0.15	0.48	0.16	0.66	0.32		0.6	-0.49	0.49	0.04	0.46	-0.38	0.42	-0.15	-0.31
Net Tangible Assets	0.55	0.77	0.34	0.88	0.67	0.4	0.5	-0.36	0.46	0.69	0.85	0.31	0.27	0.59	0.62	0.68	0.6		-0.9	0.89	0.37	0.69	-0.77	0.88	-0.25	-0.72
Capital Surpluse	-0.48	-0.69	-0.3	-0.83	-0.57	-0.33	-0.36	0.38	-0.35	-0.56	-0.76	-0.3	-0.29	-0.51	-0.61	-0.76	-0.49	-0.9		-0.89	-0.4	-0.55	0.69	-0.86	0.2	0.7
Long Term Debt Total	0.5	0.69	0.36	0.81	0.6	0.38	0.43	-0.48	0.44	0.59	0.7	0.31	0.35	0.5	0.57	0.69	0.49	0.89	-0.89		0.21	0.53	-0.56	0.9	0.05	-0.82
Long Term Investments	0.22	0.34	0.15	0.41	0.16	0.13	0.05	-0.15	-0.06	0.1	0.24	0.04	0.09	0.08	0.25	0.57	0.04	0.37	-0.4	0.21		0.06	-0.33	0.36	-0.13	-0.27
Short Long Term Debt	0.22	0.38	-0.07	0.44	0.38	0.08	0.38	-0.05	0.22	0.74	0.79	0.43	-0.07	0.74	0.24	0.0	0.46	0.69	-0.55	0.53	0.06		-0.35	0.36	-0.16	-0.26
Cash And Equivalents	-0.42	-0.6	-0.32	-0.7	-0.49	-0.29	-0.25	0.2	-0.32	-0.44	-0.57	-0.18	-0.19	-0.35	-0.53	-0.65	-0.38	-0.77	0.69	-0.56	-0.33	-0.35		-0.72	0.7	0.52
Net Invested Capital	0.55	0.75	0.46	0.87	0.57	0.42	0.36	-0.46	0.37	0.5	0.66	0.2	0.39	0.37	0.62	0.86	0.42	0.88	-0.86	0.9	0.36	0.36	-0.72		-0.08	-0.87
Net Working Capital	-0.09	-0.13	-0.01	-0.17	-0.16	-0.03	-0.05	-0.32	-0.12	-0.16	-0.23	-0.08	0.08	-0.18	-0.19	-0.12	-0.15	-0.25	0.2	0.05	-0.13	-0.16	0.7	-0.08		-0.21
Capital Stock	-0.44	-0.64	-0.44	-0.73	-0.43	-0.35	-0.25	0.67	-0.25	-0.38	-0.49	-0.14	-0.36	-0.23	-0.47	-0.71	-0.31	-0.72	0.7	-0.82	-0.27	-0.26	0.52	-0.87	-0.21

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

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Predict Nabors Industries

In accordance with the recently published financial statements, Nabors Industries has a Beta of 2.349. This is 38.18% higher than that of the Energy Equipment & Services sector and 2.93% lower than that of the Energy industry. The beta for all United States stocks is notably lower than that of the firm.

Nabors Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nabors Industries' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Nabors Industries could also be used in its relative valuation, which is a method of valuing Nabors Industries by comparing valuation metrics of similar companies.

Nabors Industries is currently under evaluation in beta category among related companies.

Nabors Industries Institutional Holders

Institutional Holdings refers to the ownership stake in Nabors Industries that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Nabors Industries' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Nabors Industries' value.

		Shares
Amvescap Plc.	2023-12-31	167.2 K
Contrarius Investment Management Ltd	2023-12-31	140.6 K
American Century Companies Inc	2023-12-31	137.5 K
Two Sigma Investments Llc	2023-12-31	137.2 K
Tejara Capital Ltd	2023-12-31	132.9 K
Marshall Wace Asset Management Ltd	2023-12-31	113.1 K
Northern Trust Corp	2023-12-31	101.7 K
Two Sigma Advisers, Llc	2023-12-31	92.2 K
Voloridge Investment Management, Llc	2023-09-30	80.1 K
Blackrock Inc	2023-12-31	1.5 M
Goldman Sachs Group Inc	2023-12-31	794.2 K

As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Nabors Industries will likely underperform.

Nabors Fundamentals

	Return On Equity	0.04
	Return On Asset	0.0337
	Profit Margin	(0) %
	Operating Margin	0.09 %
	Current Valuation	3.79 B
	Shares Outstanding	9.47 M
	Shares Owned By Insiders	5.81 %
	Shares Owned By Institutions	85.19 %
	Number Of Shares Shorted	883.31 K
	Price To Earning	(2.50) X
	Price To Book	2.30 X
	Price To Sales	0.25 X
	Revenue	3.01 B
	Gross Profit	987.76 M
	EBITDA	959.22 M
	Net Income	49.9 M
	Cash And Equivalents	451.02 M
	Cash Per Share	45.15 X
	Total Debt	3.15 B
	Debt To Equity	2.03 %
	Current Ratio	1.73 X
	Book Value Per Share	34.77 X
	Cash Flow From Operations	637.86 M
	Short Ratio	4.16 X
	Earnings Per Share	(5.49) X
	Price To Earnings To Growth	(0.68) X
	Target Price	107.25
	Number Of Employees	12 K
	Beta	2.35
	Market Capitalization	729.73 M
	Total Asset	5.28 B
	Retained Earnings	(1.89 B)
	Working Capital	431.7 M
	Current Asset	1.48 B
	Current Liabilities	1.01 B
	Five Year Return	3.99 %
	Net Asset	5.28 B

About Nabors Industries Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Nabors Industries's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nabors Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nabors Industries based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Nabors Industries in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Nabors Industries' short interest history, or implied volatility extrapolated from Nabors Industries options trading.

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When determining whether Nabors Industries is a strong investment it is important to analyze Nabors Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nabors Industries' future performance. For an informed investment choice regarding Nabors Stock, refer to the following important reports:

How To Invest In Nabors

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Is Nabors Stock a good investment?

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What is Nabors Industries' Net Worth?

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Largest Energy Equipment & Services Companies

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Largest Oil & Gas Drilling Companies

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Check out Nabors Industries Piotroski F Score and Nabors Industries Altman Z Score analysis.

To learn how to invest in Nabors Stock, please use our How to Invest in Nabors Industries guide.

Note that the Nabors Industries information on this page should be used as a complementary analysis to other Nabors Industries' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Complementary Tools for Nabors Stock analysis

When running Nabors Industries' price analysis, check to measure Nabors Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nabors Industries is operating at the current time. Most of Nabors Industries' value examination focuses on studying past and present price action to predict the probability of Nabors Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nabors Industries' price. Additionally, you may evaluate how the addition of Nabors Industries to your portfolios can decrease your overall portfolio volatility.

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Is Nabors Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nabors Industries. If investors know Nabors will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nabors Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(5.49)

Revenue Per Share

328.2

Quarterly Revenue Growth

(0.04)

Return On Assets

0.0337

Return On Equity

0.04

The market value of Nabors Industries is measured differently than its book value, which is the value of Nabors that is recorded on the company's balance sheet. Investors also form their own opinion of Nabors Industries' value that differs from its market value or its book value, called intrinsic value, which is Nabors Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nabors Industries' market value can be influenced by many factors that don't directly affect Nabors Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Nabors Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nabors Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nabors Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Nabors Industries Stock Beta

Nabors Industries Company Beta Analysis

Beta

Covariance

Variance

Current Nabors Industries Beta

Nabors Beta Driver Correlations

Nabors Beta Peer Comparison

Nabors Industries Institutional Holders

Nabors Fundamentals

About Nabors Industries Fundamental Analysis

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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