National Energy Services Reunited

NESR Energy Oil & Gas Equipment & Services

National Energy Services Reunited’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 1.72% from fiscal 2024.

Revenue
+59.1%
EPS
+175.0%
Free cash flow
+45.8%
Total debt
−22.6%

Quarter to June 2026, against a year earlier

19.81 0.61 +3.18%
Market cap
$1.9B
P/E
20.4×
Fwd P/E
13.4×
Dividend yield
—
F-score
5/9
Altman Z
2.00
Beneish M
−2.67
Dividend safety
n/a

National Energy Services Reunited (NESR) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, National Energy Services Reunited (NESR) trades at a P/B ratio of 1.9×. Over the past ten years it has ranged from 0.2× (April 2023) to 70.6× (June 2018); the current reading is higher than 82% of that period. That is above the Oil & Gas Equipment & Services industry median of 1.6× and above the Energy sector median of 1.4×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.6× 69.11%
FY2024 0.9× 23.48%
FY2023 0.8× 22.58%
FY2022 0.6× (29.31%)
FY2021 0.9× (5.77%)
FY2020 0.9× 4.38%
FY2019 0.9× 0.37%
FY2018 0.9× (55.57%)
FY2017 2.0× (96.51%)
FY2016 57.4× —

Quarterly newest first

Period P/B ratio Change
Jun 2026 2.9× 33.20%
Mar 2026 2.2× 36.53%
Dec 2025 1.6× 47.99%
Sep 2025 1.1× 73.71%
22 more quarters

Against its own ten years

Low 0.2× High 70.6×
Ten-year median 0.9×
Current reading's percentile 82

P/B ratio against peers

Company P/B ratio
EROK EagleRock Land LLC compare 0.3×
NEXT NextDecade Corporation compare 0.4×
XPRO Expro Group Holdings N.V. compare 1.0×
LBRT Liberty Energy Inc. compare 1.0×
INVX Innovex International, Inc. compare 1.6×
NESR National Energy Services Reunited 1.9×
WTTR Select Water Solutions, Inc. compare 1.9×
EFXT Enerflex Ltd. compare 1.9×
FLOC Flowco Holdings Inc. compare 2.2×
Oil & Gas Equipment & Services industry median 1.6×
Energy sector median 1.4×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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