Stock fact sheet · data as of
Dawson Geophysical Company (DWSN): fair value, margin of safety and Wheel Score
Energy · Oil & Gas Equipment & Services · United States · Blend
Is DWSN undervalued?
Dawson Geophysical Company (DWSN) closed at 2.24 on 16 Oct 2026. The GLS average fair value - the simple average of the 5 valuation models that produced a positive number - is 3.40, which puts the price 34% below it. 3 of the 5 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
The 5 models disagree widely: EPV gives 1.30 while Graham Growth gives 6.52. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files DWSN under Blend.
Nine valuation models for DWSN
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 1.30 | -42% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 6.52 | +191% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 2.84 | +27% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 5.02 | +124% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 1.30 | -42% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -0.5914 | -126% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: DWSN passes 4 of the nine Piotroski tests. Our screens drop the stock at the health rule; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is low at 1.3 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are thin or negative - ROIC -5.3%, ROE -12.3%, ROA -3.5% - with debt at 1.31 times equity and negative free cash flow.
Dawson Geophysical Company pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Fee Revenue 78%, Reimbursable Revenue 22% (quarter Q2 FY2026).
Institutional ownership scores 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | -5.3% |
|---|---|---|---|
| GLS Moat | 1.3 / 10 | ROE | -12.3% |
| Debt / equity | 1.31 | ROA | -3.5% |
| Free-cash-flow yield | -6.4% | Payout ratio | 0% |
| Institutions | 1 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
DWSN has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business; the Wheel Score is capped at 39 and shown as "No options" (39 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 77k shares a day on a market cap of $70M, with a beta of -0.03 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 34% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 2 / 15 | moat 1.3/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 77k shares/day, $70M cap, beta -0.03 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
Dawson Geophysical Company reports earnings on 29 Oct 2026 - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Oil & Gas Equipment & Services
The 12 companies below are the closest to Dawson Geophysical Company by market cap within the Oil & Gas Equipment & Services industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| LSE Leishen Energy Holding Co., Ltd. | 4.53 | 0.6380 | -610% | 24No options | $77M |
| GEOS Geospace Technologies Corporation | 4.63 | - | - | 36Weak | $60M |
| DTI Drilling Tools International Corp. | 1.67 | 3.34 | +50% | 39No options | $59M |
| QSEP QS Energy, Inc. | 0.1000 | - | - | 23No options | $57M |
| BOOM DMC Global Inc. | 5.24 | 18.69 | +72% | 45Weak | $108M |
| NINE Nine Energy Service, Inc. | 8.30 | 33.12 | +75% | 39No options | $116M |
| KLNG Koil Energy Solutions, Inc. | 3.06 | 2.30 | -33% | 20No options | $38M |
| KLXE KLX Energy Services Holdings, Inc. | 1.32 | 8.40 | +84% | 45Weak | $139M |
| OMSE OMS Energy Technologies Inc. | 3.91 | 31.50 | +88% | 39No options | $166M |
| SND Smart Sand, Inc. | 5.26 | 10.93 | +52% | 59Fair | $223M |
| KEGX Key Energy Services, Inc. | 1.50 | - | - | 27No options | $21M |
| NOA North American Construction Group Ltd. | 11.46 | 21.11 | +46% | 76Good | $308M |
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Start free See the Sunday ScanQuestions about DWSN
Is DWSN undervalued right now?
By the GLS models, yes: at 2.24 the stock is 34% below the average fair value of 3.40 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of DWSN and what does it mean?
DWSN has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for DWSN?
3.40 per share as of 16 Oct 2026 - the simple average of the 5 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Dawson Geophysical Company report earnings next?
The next earnings report is due on 29 Oct 2026, 13 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does DWSN have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on DWSN, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.