NCS Multistage Holdings, Inc. (NCSM) Fair Value 2026

NCSM · Oil & Gas Equipment & Services ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

8.4 /10

32 fundamental signals · 10 models active

Value Trap Risk

SAFE (12/100)

Quick Summary — As of 2026-08-27, NCS Multistage Holdings, Inc. (NCSM) trades at $50.80, versus a $96.32 median fair value across its 10 active models — 89.6% above the current price. QOC: 8.4/10. Value Trap Risk: 12/100 (SAFE). 10/13 models active. Within that set, the Bayesian DCF component alone returns $135.47.

Key Facts

Ticker
NCSM
Price
$50.80
Quality Score
8.4/10
Value Trap Risk
12/100
Models Active
10/13
Last Updated
Strength: First Chicago suggests +224.3% upside with 60% confidence
Risk: Limited model coverage (10/13) may reduce confidence

Is NCS Multistage Holdings, Inc. (NCSM) Undervalued or Overvalued in 2026?

According to CirclFi’s 10-model valuation engine, NCS Multistage Holdings, Inc. (NCSM) appears undervalued as of : the median of 10 independent fair value estimates is $96.32, 89.6% above the current price of $50.80. Estimates range from $26.94 to $164.73. NCSM scores 8.4/10 on fundamental quality and 12/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.7% versus its own 13-model consensus, across 3,801 rated companies as of 2026-08-27. NCSM’s +89.6% gap is wider than that market norm, and the Oil & Gas Equipment & Services sector median is -15.7%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy NCS Multistage Holdings, Inc. Stock in 2026? →

What Fair Value Does Each Model Give NCSM?

10 Intrinsic Value Models vs. Current Price ($50.80)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $135.47 +166.7%
Ensemble · Medium Conviction
 $93.91 +84.9%
Scenario · High Conviction
 $164.73 +224.3%
Intrinsic · High Conviction
 $40.12 -21.0%
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What Is NCSM's Fair Value Range?

Spread across 10 independent models · $26.94 to $164.73

CirclFi's 10 active models place NCS Multistage Holdings, Inc. (NCSM) between $26.94 and $164.73 per share, a spread of 143% of the median. The median of that range — $96.32 — is the fair value CirclFi publishes for NCSM, against a current price of $50.80.

Low · Dynamic NAVHigh · First Chicago
$26.94median $96.32$164.73
Where the range comes from
Most bearish modelDynamic NAV$26.94
Most bullish modelFirst Chicago$164.73
Model agreement7 bullish · 3 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for NCSM. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on NCSM, not a CirclFi price target. How each model works →

What Is NCS Multistage Holdings, Inc. (NCSM) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, NCS Multistage Holdings, Inc.'s intrinsic value is estimated at $96.32, suggesting a +89.6% median upside from the current price of $50.80. While 7 models see room for appreciation, model agreement is not unanimous as 3 models flag potential overvaluation. Model dispersion is worth noting: First Chicago targets $164.73 (+224.3%), versus Dynamic NAV at $26.94 (-47.0%). This +271.2% range highlights the importance of multi-model analysis rather than relying on any single methodology.

What Do the Models Say About NCSM?

10 of 13 models are currently active for NCSM. Of these, 7 models suggest upside while 3 models suggest overvaluation. Taken together, their median fair value for NCSM is $96.32 — the figure CirclFi publishes as this stock's fair value. One component of that median, the Bayesian DCF, returns $135.47 on its own, implying +166.7% upside from the current price. See which stocks rank higher →

How Does NCSM Rank in Oil & Gas Equipment & Services?

Among 52 Oil & Gas Equipment & Services stocks, NCSM ranks #11 by Quality of Company score. CirclFi's QOC score of 8.4/10 evaluates 32 fundamental signals. A score of 8.4 places NCSM in the top tier.

As a energy producer, NCS Multistage Holdings, Inc. operates in a sector where production decline rate is a critical driver of valuation. Investors evaluating NCSM should weigh these sector-specific dynamics alongside our model-derived fair values.

Is NCSM a Value Trap?

CirclFi's Value Trap algorithm assigns NCSM a score of 12/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

10 of 13 models are active for NCS Multistage Holdings, Inc.. Broad coverage provides high confidence. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi 32-factor quality framework, NCS Multistage Holdings, Inc.'s fundamental quality profile registers 8.4/10. This robust score captures the company's profitability depth, growth consistency, balance sheet resilience, and shareholder return track record.

The gap between the most bullish and bearish model spans +271.2% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every NCSM valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across NCSM's 10 active models, average confidence is 48%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy NCS Multistage Holdings, Inc. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Oil & Gas Equipment & Services Stocks Should You Also Analyze?

11 related Oil & Gas Equipment & Services stocks with 13-model coverage

XPROExpro LtdQOC 8.4HALHalliburton CompanyQOC 8.3NESRNational Energy Services Reunited Corp.QOC 8.4RNGRRanger Energy Services, Inc.QOC 8.3BKRBaker Hughes CompanyQOC 8.5NGSNatural Gas Services Group, Inc.QOC 8.3AROCArchrock, Inc.QOC 7.9DWSNDawson Geophysical CompanyQOC 6.4GWTIGreenway Technologies, Inc.QOC 3.9WHDCactus, Inc.QOC 9.2FTITechnipFMC plcQOC 8.9

Read investment analysis: XPRO · HAL · NESR · RNGR · BKR · NGS · AROC · DWSN · GWTI · WHD · FTI

Which Other Stocks Have a Similar Quality Score to NCSM?

7 companies across all industries closest to NCSM’s Quality of Company score of 8.4/10.

WTMWhite Mountains Insurance Group, Ltd.QOC 8.4QCRHQCR Holdings, Inc.QOC 8.4VLOValero Energy CorporationQOC 8.4IDRIdaho Strategic Resources, Inc.QOC 8.4ACAArcosa, Inc.QOC 8.4SIGASIGA Technologies, Inc.QOC 8.4NVDANVIDIA CorporationQOC 10.0

Read investment analysis: WTM · QCRH · VLO · IDR · ACA · SIGA · NVDA

What Else Do Investors Ask About NCS Multistage Holdings, Inc.’s Valuation?

What is NCS Multistage Holdings, Inc.'s intrinsic value in 2026?

CirclFi puts NCS Multistage Holdings, Inc. (NCSM)'s intrinsic value at $96.32 — the median of 10 independent model estimates as of 2026-08-27, ranging from $26.94 to $164.73. One component of that median, the Bayesian DCF, runs 10,000 Monte Carlo simulations with jump-diffusion and returns $135.47 on its own. The Quality of Company score is 8.4/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is NCSM overvalued or undervalued right now?

At $50.80, 7 of 10 active models suggest NCSM may be undervalued, while 3 indicate potential overvaluation. The median of all 10 fair value estimates is $96.32, 89.6% above the current price of $50.80 — a consensus view that NCSM is undervalued. The assessment depends on which methodology best fits NCS Multistage Holdings, Inc.'s business model in Oil & Gas Equipment & Services.

What does a Quality of Company score of 8.4 mean for NCSM?

NCS Multistage Holdings, Inc.'s QOC of 8.4/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on NCSM?

CirclFi analyzes NCSM with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 10 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on NCSM?

Of the 10 models currently active on NCSM, First Chicago is the most bullish at $164.73 per share, and Dynamic NAV is the most bearish at $26.94. CirclFi's published fair value for NCSM is the median of that range, $96.32, not either extreme. The gap between the two ends equals 143% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is NCSM a value trap in 2026?

NCS Multistage Holdings, Inc.'s Value Trap score is 12/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 10-model valuation engine, NCS Multistage Holdings, Inc. (NCSM) has a median fair value of $96.32 — 89.6% above the current price of $50.80 — as of 2026-08-27.” Source: circlfi.com/stock/NCSM/ · Methodology
Primary sources for this NCSM valuation
  • Financial statements: NCS Multistage Holdings, Inc. 10-K and 10-Q filings on SEC EDGAR (CIK 0001692427) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for NCSM as of ; valuations recomputed .

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