Stock fact sheet · data as of
Oil States International, Inc. (OIS): fair value, margin of safety and Wheel Score
Ticker symbol OIS · Energy · Oil & Gas Equipment & Services · United States · Speculative
Is OIS undervalued?
Oil States International, Inc. (OIS) closed at 8.53 on 5 Nov 2026, close to the GLS average fair value of 8.37 (2.0% above fair value). 1 of the 2 models that produced a number sit above the price, 1 below - the market and our models roughly agree. With little margin of safety either way, the case for or against the stock rests on the quality numbers and the option premium rather than on price.
The average is built from just 2 models (DCF, 10 Cap) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
The nightly engine files OIS under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for OIS
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 | 1.37 | -84% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | 15.36 | +80% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| 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 | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | 3.09 | -64% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 12.00 | +41% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Oil States International, Inc. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 2.4/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC -16.6%, ROE -19.1%, ROA -12.4% - with debt at 0.15 times equity and a free-cash-flow yield of 6.7%.
Oil States International, Inc. 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 Product 65%, Service 35% (quarter Q3 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | -16.6% |
|---|---|---|---|
| GLS Moat | 2.4 / 10 | ROE | -19.1% |
| Debt / equity | 0.15 | ROA | -12.4% |
| Free-cash-flow yield | 6.7% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 27: Weak
With a Wheel Score of 27 Oil States International, Inc. sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (1,343 open interest, 26 a day); and filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 3, below fair value - trades 2% above our fair value; and filter 4, financially healthy - Piotroski 5/9 (under 6); and filter 8, big enough - market cap $510M (under $1.0B); Value (weak) is its weakest part.
Implied volatility is 51% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 1,343 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 1.1M shares a day on a market cap of $510M, with a beta of 1.21 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (1,343 open interest, 26 a day) |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Fails | trades 2% above our fair value |
| 4 | Financially healthy | Fails | Piotroski 5/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Fails | market cap $510M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 2% above fair value | |
| Premium | Strong | implied volatility 51% | |
| Moat | Weak | moat 2.4/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Weak | Red Flags score 65/100 | |
| Option trading | Weak | 26 contracts a day, 1,343 open interest | |
| Stability | Fair | beta 1.21, $510M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for OIS in the nightly calendar.
No analyst upgrades or downgrades were recorded in the last 30 days.
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 Oil States International, Inc. 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 |
|---|---|---|---|---|---|
| CLB Core Laboratories N.V. | 9.65 | 10.54 | +8% | 35Weak | $442M |
| HMH HMH Holding Inc. Class A Common Stock | 15.40 | 131.05 | +88% | 31No options | $688M |
| NGS Natural Gas Services Group, Inc. | 28.95 | 43.02 | +33% | 43Weak | $373M |
| ACDC ProFrac Holding Corp. | 3.97 | 8.55 | +54% | 28Weak | $723M |
| PUMP ProPetro Holding Corp. | 6.42 | 0.8458 | -659% | 23Weak | $789M |
| RNGR Ranger Energy Services, Inc. | 13.57 | 24.75 | +45% | 31Weak | $318M |
| FET Forum Energy Technologies, Inc. | 73.68 | 118.67 | +38% | 49Weak | $833M |
| AESI Atlas Energy Solutions Inc. | 6.73 | 5.56 | -21% | 21Weak | $841M |
| NOA North American Construction Group Ltd. | 11.43 | 20.43 | +44% | 38Weak | $308M |
| FTK Flotek Industries, Inc. | 24.72 | 21.46 | -15% | 24Weak | $894M |
| HOS Hornbeck Offshore Services, Inc. | 6.14 | 2.68 | -129% | 10Weak | $904M |
| TTI TETRA Technologies, Inc. | 6.18 | 2.10 | -194% | 34Weak | $917M |
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about OIS
Is OIS undervalued right now?
Not meaningfully: at 8.53 the stock trades within a few percent of the GLS average fair value of 8.37 (2.0% above fair value, data as of 5 Nov 2026).
What is the Wheel Score of OIS and what does it mean?
OIS scores 27 out of 100 (Weak) - it fails Wheel Trade Filters 1, 2, 3, 4, 8. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for OIS?
8.37 per share as of 5 Nov 2026 - the simple average of the 2 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 Oil States International, Inc. report earnings next?
No upcoming earnings date is recorded for OIS in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does OIS have listed options, and how liquid are they?
Yes. The nightly snapshot found 8 listed contracts with 1,343 open interest across all expiries and implied volatility of 51% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.