NOV INC (NOV) Fundamental Analysis & Valuation

NYSE:NOV • US62955J1034

18.72 USD
-0.4 (-2.09%)
At close: Mar 12, 2026
18.72 USD
0 (0%)
After Hours: 3/12/2026, 3:42:51 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This NOV fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Overall NOV gets a fundamental rating of 5 out of 10. We evaluated NOV against 60 industry peers in the Energy Equipment & Services industry. NOV has an excellent financial health rating, but there are some minor concerns on its profitability. NOV has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

4

1. NOV Profitability Analysis

1.1 Basic Checks

  • NOV had positive earnings in the past year.
  • NOV had a positive operating cash flow in the past year.
  • Of the past 5 years NOV 4 years were profitable.
  • Of the past 5 years NOV 4 years had a positive operating cash flow.
NOV Yearly Net Income VS EBIT VS OCF VS FCFNOV Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -2B -4B -6B

1.2 Ratios

  • NOV's Return On Assets of 1.28% is in line compared to the rest of the industry. NOV outperforms 43.33% of its industry peers.
  • Looking at the Return On Equity, with a value of 2.31%, NOV is in line with its industry, outperforming 43.33% of the companies in the same industry.
  • NOV has a Return On Invested Capital of 4.29%. This is comparable to the rest of the industry: NOV outperforms 48.33% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for NOV is significantly below the industry average of 13.41%.
Industry RankSector Rank
ROA 1.28%
ROE 2.31%
ROIC 4.29%
ROA(3y)5.22%
ROA(5y)2.92%
ROE(3y)9.46%
ROE(5y)5.28%
ROIC(3y)4.81%
ROIC(5y)N/A
NOV Yearly ROA, ROE, ROICNOV Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -20 -40 -60

1.3 Margins

  • NOV has a Profit Margin (1.66%) which is in line with its industry peers.
  • NOV's Profit Margin has declined in the last couple of years.
  • With a Operating Margin value of 7.47%, NOV perfoms like the industry average, outperforming 48.33% of the companies in the same industry.
  • NOV's Operating Margin has improved in the last couple of years.
  • NOV's Gross Margin of 21.03% is on the low side compared to the rest of the industry. NOV is outperformed by 61.67% of its industry peers.
  • In the last couple of years the Gross Margin of NOV has grown nicely.
Industry RankSector Rank
OM 7.47%
PM (TTM) 1.66%
GM 21.03%
OM growth 3Y28.51%
OM growth 5YN/A
PM growth 3Y-8.17%
PM growth 5YN/A
GM growth 3Y4.95%
GM growth 5Y24.49%
NOV Yearly Profit, Operating, Gross MarginsNOV Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 -40 -60

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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. NOV Health Analysis

2.1 Basic Checks

  • NOV has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, NOV has less shares outstanding
  • The number of shares outstanding for NOV has been reduced compared to 5 years ago.
  • Compared to 1 year ago, NOV has an improved debt to assets ratio.
NOV Yearly Shares OutstandingNOV Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
NOV Yearly Total Debt VS Total AssetsNOV Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.2 Solvency

  • An Altman-Z score of 2.07 indicates that NOV is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • NOV has a Altman-Z score of 2.07. This is comparable to the rest of the industry: NOV outperforms 50.00% of its industry peers.
  • The Debt to FCF ratio of NOV is 2.26, which is a good value as it means it would take NOV, 2.26 years of fcf income to pay off all of its debts.
  • NOV has a Debt to FCF ratio of 2.26. This is in the better half of the industry: NOV outperforms 71.67% of its industry peers.
  • A Debt/Equity ratio of 0.31 indicates that NOV is not too dependend on debt financing.
  • The Debt to Equity ratio of NOV (0.31) is better than 63.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.31
Debt/FCF 2.26
Altman-Z 2.07
ROIC/WACC0.55
WACC7.79%
NOV Yearly LT Debt VS Equity VS FCFNOV Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B

2.3 Liquidity

  • NOV has a Current Ratio of 2.42. This indicates that NOV is financially healthy and has no problem in meeting its short term obligations.
  • NOV has a better Current ratio (2.42) than 73.33% of its industry peers.
  • A Quick Ratio of 1.67 indicates that NOV should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.67, NOV is in the better half of the industry, outperforming 65.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.42
Quick Ratio 1.67
NOV Yearly Current Assets VS Current LiabilitesNOV Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. NOV Growth Analysis

3.1 Past

  • NOV shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -64.72%.
  • The Earnings Per Share has been growing by 13.62% on average over the past years. This is quite good.
  • NOV shows a decrease in Revenue. In the last year, the revenue decreased by -1.42%.
  • The Revenue has been growing slightly by 7.50% on average over the past years.
EPS 1Y (TTM)-64.72%
EPS 3Y1.08%
EPS 5Y13.62%
EPS Q2Q%-105.37%
Revenue 1Y (TTM)-1.42%
Revenue growth 3Y6.51%
Revenue growth 5Y7.5%
Sales Q2Q%-1.34%

3.2 Future

  • NOV is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.19% yearly.
  • NOV is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.27% yearly.
EPS Next Y82.43%
EPS Next 2Y49.73%
EPS Next 3Y40.89%
EPS Next 5Y21.19%
Revenue Next Year-0.16%
Revenue Next 2Y1.43%
Revenue Next 3Y2.39%
Revenue Next 5Y1.27%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
NOV Yearly Revenue VS EstimatesNOV Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B
NOV Yearly EPS VS EstimatesNOV Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 -1 2

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5

4. NOV Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 32.84, the valuation of NOV can be described as expensive.
  • The rest of the industry has a similar Price/Earnings ratio as NOV.
  • When comparing the Price/Earnings ratio of NOV to the average of the S&P500 Index (26.15), we can say NOV is valued slightly more expensively.
  • A Price/Forward Earnings ratio of 18.07 indicates a rather expensive valuation of NOV.
  • Based on the Price/Forward Earnings ratio, NOV is valued a bit cheaper than the industry average as 71.67% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of NOV to the average of the S&P500 Index (24.27), we can say NOV is valued slightly cheaper.
Industry RankSector Rank
PE 32.84
Fwd PE 18.07
NOV Price Earnings VS Forward Price EarningsNOV Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • 71.67% of the companies in the same industry are more expensive than NOV, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, NOV is valued cheaply inside the industry as 95.00% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 7.7
EV/EBITDA 7.26
NOV Per share dataNOV EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20

4.3 Compensation for Growth

  • NOV's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • NOV's earnings are expected to grow with 40.89% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.4
PEG (5Y)2.41
EPS Next 2Y49.73%
EPS Next 3Y40.89%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. NOV Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.66%, NOV has a reasonable but not impressive dividend return.
  • NOV's Dividend Yield is a higher than the industry average which is at 1.04.
  • Compared to an average S&P500 Dividend Yield of 1.82, NOV has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.66%

5.2 History

  • On average, the dividend of NOV grows each year by 59.82%, which is quite nice.
  • NOV has paid a dividend for at least 10 years, which is a reliable track record.
  • NOV has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)59.82%
Div Incr Years2
Div Non Decr Years5
NOV Yearly Dividends per shareNOV Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6

5.3 Sustainability

  • 131.03% of the earnings are spent on dividend by NOV. This is not a sustainable payout ratio.
  • The dividend of NOV is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP131.03%
EPS Next 2Y49.73%
EPS Next 3Y40.89%
NOV Yearly Income VS Free CF VS DividendNOV Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -2B -4B -6B
NOV Dividend Payout.NOV Dividend Payout, showing the Payout Ratio.NOV Dividend Payout.PayoutRetained Earnings

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NOV Fundamentals: All Metrics, Ratios and Statistics

NOV INC

NYSE:NOV (3/12/2026, 3:42:51 PM)

After market: 18.72 0 (0%)

18.72

-0.4 (-2.09%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryEnergy Equipment & Services
Earnings (Last)02-04
Earnings (Next)04-27
Inst Owners106.28%
Inst Owner Change-3.77%
Ins Owners0.48%
Ins Owner Change4.76%
Market Cap6.75B
Revenue(TTM)8.74B
Net Income(TTM)145.00M
Analysts71.67
Price Target20.19 (7.85%)
Short Float %5.76%
Short Ratio4.58
Dividend
Industry RankSector Rank
Dividend Yield 1.66%
Yearly Dividend0.51
Dividend Growth(5Y)59.82%
DP131.03%
Div Incr Years2
Div Non Decr Years5
Ex-Date03-13
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-82.67%
Min EPS beat(2)-108.73%
Max EPS beat(2)-56.61%
EPS beat(4)0
Avg EPS beat(4)-48.37%
Min EPS beat(4)-108.73%
Max EPS beat(4)-2.37%
EPS beat(8)3
Avg EPS beat(8)-15.05%
EPS beat(12)5
Avg EPS beat(12)-8.02%
EPS beat(16)8
Avg EPS beat(16)25.57%
Revenue beat(2)2
Avg Revenue beat(2)2.29%
Min Revenue beat(2)0.65%
Max Revenue beat(2)3.93%
Revenue beat(4)3
Avg Revenue beat(4)1.2%
Min Revenue beat(4)-0.85%
Max Revenue beat(4)3.93%
Revenue beat(8)6
Avg Revenue beat(8)0.64%
Revenue beat(12)8
Avg Revenue beat(12)0.71%
Revenue beat(16)12
Avg Revenue beat(16)1.34%
PT rev (1m)10.59%
PT rev (3m)19.94%
EPS NQ rev (1m)-12.43%
EPS NQ rev (3m)-12.01%
EPS NY rev (1m)-9.42%
EPS NY rev (3m)-8.53%
Revenue NQ rev (1m)1.26%
Revenue NQ rev (3m)1.11%
Revenue NY rev (1m)0.47%
Revenue NY rev (3m)0.51%
Valuation
Industry RankSector Rank
PE 32.84
Fwd PE 18.07
P/S 0.77
P/FCF 7.7
P/OCF 5.39
P/B 1.08
P/tB 1.59
EV/EBITDA 7.26
EPS(TTM)0.57
EY3.04%
EPS(NY)1.04
Fwd EY5.54%
FCF(TTM)2.43
FCFY12.98%
OCF(TTM)3.47
OCFY18.54%
SpS24.26
BVpS17.39
TBVpS11.74
PEG (NY)0.4
PEG (5Y)2.41
Graham Number14.93
Profitability
Industry RankSector Rank
ROA 1.28%
ROE 2.31%
ROCE 7.35%
ROIC 4.29%
ROICexc 5.2%
ROICexgc 7.19%
OM 7.47%
PM (TTM) 1.66%
GM 21.03%
FCFM 10.02%
ROA(3y)5.22%
ROA(5y)2.92%
ROE(3y)9.46%
ROE(5y)5.28%
ROIC(3y)4.81%
ROIC(5y)N/A
ROICexc(3y)5.57%
ROICexc(5y)N/A
ROICexgc(3y)7.61%
ROICexgc(5y)N/A
ROCE(3y)8.24%
ROCE(5y)N/A
ROICexgc growth 3Y30.92%
ROICexgc growth 5YN/A
ROICexc growth 3Y32.35%
ROICexc growth 5YN/A
OM growth 3Y28.51%
OM growth 5YN/A
PM growth 3Y-8.17%
PM growth 5YN/A
GM growth 3Y4.95%
GM growth 5Y24.49%
F-Score5
Asset Turnover0.77
Health
Industry RankSector Rank
Debt/Equity 0.31
Debt/FCF 2.26
Debt/EBITDA 1.9
Cap/Depr 105.63%
Cap/Sales 4.29%
Interest Coverage 7.68
Cash Conversion 124.11%
Profit Quality 604.14%
Current Ratio 2.42
Quick Ratio 1.67
Altman-Z 2.07
F-Score5
WACC7.79%
ROIC/WACC0.55
Cap/Depr(3y)100.56%
Cap/Depr(5y)87.69%
Cap/Sales(3y)3.85%
Cap/Sales(5y)3.63%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-64.72%
EPS 3Y1.08%
EPS 5Y13.62%
EPS Q2Q%-105.37%
EPS Next Y82.43%
EPS Next 2Y49.73%
EPS Next 3Y40.89%
EPS Next 5Y21.19%
Revenue 1Y (TTM)-1.42%
Revenue growth 3Y6.51%
Revenue growth 5Y7.5%
Sales Q2Q%-1.34%
Revenue Next Year-0.16%
Revenue Next 2Y1.43%
Revenue Next 3Y2.39%
Revenue Next 5Y1.27%
EBIT growth 1Y-25.46%
EBIT growth 3Y36.88%
EBIT growth 5YN/A
EBIT Next Year62.15%
EBIT Next 3Y24.13%
EBIT Next 5Y13.14%
FCF growth 1Y-8.08%
FCF growth 3YN/A
FCF growth 5Y4.59%
OCF growth 1Y-4.06%
OCF growth 3YN/A
OCF growth 5Y6.2%

NOV INC / NOV FAQ

What is the fundamental rating for NOV stock?

ChartMill assigns a fundamental rating of 5 / 10 to NOV.


Can you provide the valuation status for NOV INC?

ChartMill assigns a valuation rating of 5 / 10 to NOV INC (NOV). This can be considered as Fairly Valued.


What is the profitability of NOV stock?

NOV INC (NOV) has a profitability rating of 4 / 10.


Can you provide the expected EPS growth for NOV stock?

The Earnings per Share (EPS) of NOV INC (NOV) is expected to grow by 82.43% in the next year.


Is the dividend of NOV INC sustainable?

The dividend rating of NOV INC (NOV) is 5 / 10 and the dividend payout ratio is 131.03%.