How does NOV's PE Ratio compare to its peers?

NOV is good value based on its Price-To-Earnings Ratio (5.1x) compared to the peer average (52.3x).

How does NOV's PE Ratio compare vs other companies in the US Energy Services Industry?

NOV is good value based on its Price-To-Earnings Ratio (5.1x) compared to the US Energy Services industry average (14.7x).

What is NOV's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NOV is good value based on its Price-To-Earnings Ratio (5.1x) compared to the estimated Fair Price-To-Earnings Ratio (8.9x).

What is the Fair Price of NOV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

NOV ($14.07) is trading below our estimate of [[fair value]] ($26.04)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

NOV Stock Overview

Designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally. More details

NOV fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	0/6
Past Performance	5/6
Financial Health	6/6
Dividends	3/6

Rewards

Trading at 46% below our estimate of its fair value

Earnings grew by 115% over the past year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 39.8%

Risk Analysis

Earnings are forecast to decline by an average of 8.9% per year for the next 3 years

Unstable dividend track record

Significant insider selling over the past 3 months

My Notes

Capture your thoughts, links and company narrative

Community Narratives

Create a narrative

Narratives bring a range of perspectives from our community.

Analyst Price Target

Consensus Narrative from 24 Analysts

Deepwater Projects And Digital Tech May Enhance Efficiency, But Market Risks Could Pressure Future Margins

Key Takeaways Growth in deepwater projects and unconventional techniques in international markets could drive future revenue increases and improve NOV's margins. Innovation in digital technologies and new market share gains position NOV for operational efficiency and potential long-term margin improvements.

View narrative

US$19.96

29.5% undervalued

2.70%

Revenue growth p.a.

2 days ago

NOV Inc. Competitors

Weatherford International

NasdaqGS:WFRD

US$5.0b

ChampionX

NasdaqGS:CHX

US$4.9b

Archrock

NYSE:AROC

US$4.2b

Kodiak Gas Services

NYSE:KGS

US$3.4b

Price History & Performance

Summary of share price highs, lows and changes for NOV
Historical stock prices
Current Share Price	US$14.07
52 Week High	US$21.23
52 Week Low	US$14.02
Beta	1.66
1 Month Change	-13.47%
3 Month Change	-16.75%
1 Year Change	-31.20%
3 Year Change	4.07%
5 Year Change	-43.58%
Change since IPO	179.65%

There's No Escaping NOV Inc.'s (NYSE:NOV) Muted Earnings

Dec 16

Recent updates

NOV's Selloff On Last Week's Events Is Likely Overdone, But Wait For The Dust To Settle

Feb 05

Earnings Beat: NOV Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Feb 04

Estimating The Intrinsic Value Of NOV Inc. (NYSE:NOV)

Jan 14

NOV Earnings Preview: Cash Flow Inflection Point Is Coming

Jan 08

NOV: A Balanced Approach For Long-Term Investors

Oct 24

NOV: Riding The Wave Of International Drilling Growth

Aug 09

NOV: A Hold Until Valuation Goes Down

May 26

Shareholder Returns

	NOV	US Energy Services	US Market
7D	-6.0%	-8.4%	-3.5%
1Y	-31.2%	-14.5%	22.1%

Return vs Industry: NOV underperformed the US Energy Services industry which returned -14.5% over the past year.

Return vs Market: NOV underperformed the US Market which returned 22.1% over the past year.

Price Volatility

Is NOV's price volatile compared to industry and market?
NOV volatility
NOV Average Weekly Movement	4.2%
Energy Services Industry Average Movement	6.5%
Market Average Movement	6.3%
10% most volatile stocks in US Market	17.0%
10% least volatile stocks in US Market	3.1%

Stable Share Price: NOV has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: NOV's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1862	33,676	Clay Williams	www.nov.com

NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally. It operates through two segments, Energy Equipment, and Energy Products and Services. The company provides solids control and waste management equipment and services, managed pressure drilling, drilling fluids, premium drillpipe, wired pipe, drilling optimization services, tubular inspection and coating services, instrumentation, downhole tools, and drill bits.

NOV Inc. Fundamentals Summary

How do NOV's earnings and revenue compare to its market cap?
NOV fundamental statistics
Market cap	US$5.47b
Earnings (TTM)	US$1.07b
Revenue (TTM)	US$8.91b

5.1x

P/E Ratio

0.6x

P/S Ratio

Is NOV overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NOV income statement (TTM)
Revenue	US$8.91b
Cost of Revenue	US$7.01b
Gross Profit	US$1.89b
Other Expenses	US$820.00m
Earnings	US$1.07b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.76
Gross Margin	21.26%
Net Profit Margin	12.05%
Debt/Equity Ratio	26.8%

How did NOV perform over the long term?

See historical performance and comparison

Dividends

2.1%

Current Dividend Yield

9%

Payout Ratio

Does NOV pay a reliable dividends?

See NOV dividend history and benchmarks

When do you need to buy NOV by to receive an upcoming dividend?
NOV dividend dates
Ex Dividend Date	Dec 06 2024
Dividend Pay Date	Dec 20 2024
Days until Ex dividend	15 days
Days until Dividend pay date	1 day

Does NOV pay a reliable dividends?

See NOV dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 23:11
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

NOV Inc. is covered by 75 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
William Selesky	Argus Research Company
Waqar Syed	ATB Capital Markets
Tim Monachello	ATB Capital Markets

NOV Stock Overview

Rewards

Risk Analysis

Deepwater Projects And Digital Tech May Enhance Efficiency, But Market Risks Could Pressure Future Margins

NOV Inc. Competitors

NasdaqGS:WFRD

US$5.0b

NasdaqGS:CHX

US$4.9b

NYSE:AROC

US$4.2b

NYSE:KGS

US$3.4b

Price History & Performance

Recent News & Updates

Nov Inc. Appoints Chris Kendall to the Board of Directors

There's No Escaping NOV Inc.'s (NYSE:NOV) Muted Earnings

Upcoming dividend of US$0.075 per share

Third quarter dividend of US$0.075 announced

NOV Inc. Declares Regular Quarterly Dividend, Payable on December 20, 2024

President of Energy Equipment recently sold US$1.2m worth of stock

Recent updates

Nov Inc. Appoints Chris Kendall to the Board of Directors

There's No Escaping NOV Inc.'s (NYSE:NOV) Muted Earnings

Upcoming dividend of US$0.075 per share

Third quarter dividend of US$0.075 announced

NOV Inc. Declares Regular Quarterly Dividend, Payable on December 20, 2024

President of Energy Equipment recently sold US$1.2m worth of stock

We Think NOV (NYSE:NOV) Can Stay On Top Of Its Debt

Insider notifies of intention to sell stock

NOV Is A Hold As It Expects Higher Drilling Activity By 2026

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Returns At NOV (NYSE:NOV) Are On The Way Up

NOV Inc.'s (NYSE:NOV) Intrinsic Value Is Potentially 100% Above Its Share Price

Upcoming dividend of US$0.075 per share

NOV Inc.'s (NYSE:NOV) Shares Lagging The Market But So Is The Business

Second quarter dividend of US$0.075 announced

NOV Inc. Declares Regular Quarterly Dividend, Payable on September 27, 2024

Investor sentiment deteriorates as stock falls 16%

New major risk - Revenue and earnings growth

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Is NOV (NYSE:NOV) Using Too Much Debt?

NOV Inc. Provides Consolidated Earnings Guidance for the Third Quarter and Full Year 2024

Here's Why NOV (NYSE:NOV) Has Caught The Eye Of Investors

NOV: A Top Oil And Gas Services Pick Under Quiet Accumulation

NOV Inc. to Report Q2, 2024 Results on Jul 25, 2024

Upcoming dividend of US$0.075 per share

Returns On Capital Are Showing Encouraging Signs At NOV (NYSE:NOV)

NOV's (NYSE:NOV) Upcoming Dividend Will Be Larger Than Last Year's

First quarter dividend increased to US$0.075

NOV Inc. Declares Regular Quarterly Cash Dividend, Payable on June 28, 2024

Is NOV Inc. (NYSE:NOV) Trading At A 22% Discount?

Now 23% undervalued after recent price drop

NOV Inc. (NYSE:NOV) announces an Equity Buyback for $1,000 million worth of its shares.

NOV Inc. (NYSE:NOV) announces an Equity Buyback for $1,000 million worth of its shares.

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

NOV (NYSE:NOV) Has A Pretty Healthy Balance Sheet

NOV: Energy Supplier Sees Some Energy Itself

Now 21% undervalued after recent price drop

Cemc Services, LLC completed the acquisition of Ameron Pole Products LLC from NOV Inc. (NYSE:NOV).

NOV Inc., Annual General Meeting, May 15, 2024

NOV Inc. to Report Q1, 2024 Results on Apr 25, 2024

Cemc Services, LLC entered into a Membership Interest Purchase Agreement to acquire Ameron Pole Products LLC from NOV Inc. (NYSE:NOV) for $180 million.

NOV (NYSE:NOV) Is Paying Out A Dividend Of $0.05

NOV Inc. Appoints Patricia Martinez to the Board of Directors

Upcoming dividend of US$0.05 per share

Some Confidence Is Lacking In NOV Inc.'s (NYSE:NOV) P/S

Fourth quarter dividend of US$0.05 announced

There May Be Underlying Issues With The Quality Of NOV's (NYSE:NOV) Earnings

NOV Inc. Declares Regular Quarterly Dividend, Payable on March 28, 2024

NOV's Selloff On Last Week's Events Is Likely Overdone, But Wait For The Dust To Settle

Earnings Beat: NOV Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

New major risk - Revenue and earnings growth

Now 25% undervalued after recent price drop

NOV Inc. (NYSE:NOV) acquired Extract Production Services, LLC.

NOV Inc. Appoints Patricia Melcher to the Board of Directors, Effective January 17, 2024

Estimating The Intrinsic Value Of NOV Inc. (NYSE:NOV)

NOV Earnings Preview: Cash Flow Inflection Point Is Coming

Upcoming dividend of US$0.05 per share at 1.1% yield

NOV Inc. Declares Regular Quarterly Dividend, Payable on December 22, 2023