NESR (National Energy Services Reunited) Construction In Progress: $66 Mil (As of Mar. 2026)


NESR National Energy Services Reunited Corp NESR
62 GF Score
Price $27.90
GF Value $10.65
Valuation Significantly Overvalued
! 7 Warning Signs
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What is National Energy Services Reunited Construction In Progress?

National Energy Services Reunited NESR -3.13% 62 Construction In Progress is $66 Mil as of Mar. 2026. GuruFocus rates NESR with a GF Score™ of 62/100 and a GF Value™ of $10.65 (Significantly Overvalued). The stock has 7 warning signs investors should review.

National Energy Services Reunited's quarterly construction in progress increased from Sep. 2025 ($52 Mil) to Dec. 2025 ($77 Mil) but then declined from Dec. 2025 ($77 Mil) to Mar. 2026 ($66 Mil).

National Energy Services Reunited's annual construction in progress increased from Dec. 2023 ($0 Mil) to Dec. 2024 ($40 Mil) and increased from Dec. 2024 ($40 Mil) to Dec. 2025 ($77 Mil).

National Energy Services Reunited Construction In Progress Historical Data

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The historical data trend for National Energy Services Reunited's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

National Energy Services Reunited Construction In Progress Chart

National Energy Services Reunited Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only 8.94 11.32 0.00 40.29 76.63

National Energy Services Reunited Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.97 24.50 52.50 76.63 66.21
NESR
62GF Score
National Energy Services Reunited Corp NESR
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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National Energy Services Reunited Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $66 Mil mean?
National Energy Services Reunited (NESR) has a Construction In Progress of $66 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on National Energy Services Reunited and its competitors.
Is National Energy Services Reunited's Construction In Progress too high?
National Energy Services Reunited's current Construction In Progress is $66 Mil. Overall, National Energy Services Reunited has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Energy Services Reunited's Construction In Progress compare to WTTR and TDW?
National Energy Services Reunited's Construction In Progress of $66 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Oil & Gas company?
A good Construction In Progress depends on the Oil & Gas industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on National Energy Services Reunited and its competitors. National Energy Services Reunited's current Construction In Progress is $66 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Energy Services Reunited stock overvalued right now?
Based on GuruFocus' analysis, National Energy Services Reunited (NESR) is currently considered Significantly Overvalued. The stock's GF Value™ is $10.65, compared to a current price of $27.90 — trading 162% above its estimated fair value. The current Construction In Progress is $66 Mil. National Energy Services Reunited's overall GF Score™ is 62/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For National Energy Services Reunited (NESR), the current Construction In Progress is $66 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is National Energy Services Reunited (NESR) Overvalued in 2026?

Based on GuruFocus' analysis, National Energy Services Reunited stock appears to be overvalued. The current stock price of $27.90 is trading 162% above its estimated GF Value™ of $10.65. GuruFocus considers National Energy Services Reunited to be Significantly Overvalued.

Key valuation signals for NESR:

  • Construction In Progress: $66 Mil
  • GF Value™: $10.65 vs. price of $27.90 (162% above fair value)
  • GF Score™: 62/100 with 7 warning signs

No single metric tells the full story. See the NESR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

National Energy Services Reunited Business Description

Industry EnergyOil & Gas
Address 777 Post Oak Boulevard, Suite 730, 7th Floor, Houston, TX, USA, 77056
National Energy Services Reunited Corp is an oilfield services provider in the Middle East and North Africa (MENA) region serving oil and natural gas companies. It provides upstream and midstream oilfield services, including hydraulic fracturing, coiled tubing, stimulation and pumping, cementing, as well as drilling and evaluation services such as rigs, directional drilling, drilling and completion fluids, pressure control, and well testing. Its segments are Production Services, which includes services during the completion and production stages of a well's lifecycle and generates maximum revenue, and Drilling and Evaluation Services, which includes services related to drilling operations during the well construction stage. The majority of revenue is generated from the MENA region.
62GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$27.90
Price
$10.65
GF Value