Is Nabors Industries (NBR) Still Attractively Priced After Its 90% One Year Rally

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Nabors Industries (NBR) has seen a 90% rally over the past year, prompting an assessment of its current valuation. A Discounted Cash Flow (DCF) analysis suggests the stock is significantly undervalued by 66.7%, with an intrinsic value of $236.66 per share compared to its current price of US$78.73. However, its P/E ratio of 4.7x is higher than Simply Wall St’s proprietary “Fair Ratio” of 3.3x, indicating it might be overvalued by this metric.

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