NOV (NOV) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

NOV

NYSE•Energy•Oil & Gas Equipment & Services

$20.54-0.01(<0.01%)After hours

Market Cap

$7.21B

P/E

75.8x

P/S

0.8x

P/B

1.2x

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 in two segments, Energy Equipment, and Energy Products and Services. The Energy Products and Services segment offers drill bits and borehole enlargement products; independent drilling and intervention downhole tools equipment; frac plugs, frac sleeves, toe initiation burst port systems, and recyclable setting tools; electric submersible pumps, high viscosity pumps, and surface pumps; tubular coating and inspection services for drill-pipe and other oil country tubular goods; solids control and waste management equipment and services; data and digital solutions; precision-engineered drill pipe and drill-stem equipment; connectors and integral thread solutions, including conductor strings, surface casing, and liners; and composite pipe, tanks, and structures. Its Energy Equipment segment provides drilling equipment, such as land rigs, complete offshore drilling packages, and rig components; capital equipment, related consumables, and digital products for hydraulic stimulation, coiled tubing, and wireline services; marine and construction solutions; processing solutions for the separation and treatment of oil, gas, solids, seawater, and produced water production; flexible subsea pipe systems; cavity pumps, specialized mixers and heat exchangers; and reciprocating, multistage, and progressive cavity pumps, midstream products, including closures, transfer pumps, chokes and valves, as well as artificial lift support systems that include production BOPs and stuffing boxes. The company was formerly known as National Oilwell Varco, Inc. and changed its name to NOV Inc. in January 2021. NOV Inc. was founded in 1862 and is based in Houston, Texas.

How this company scores

AverageMetricSide Score: 47/100

Strongest: Balance Sheet & Red Flags (21/25); weakest: Growth (5/25).

Profitability9/25

Growth5/25

Balance Sheet & Red Flags21/25

Cash & Earnings Quality12/25

Strengths

Low leverageInterest easily coveredImproving marginsNo share dilution

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 75.8x5y range 5.8x – 559.5x

Currently above its 16-quarter median.

P/S · 0.8x5y range 0.5x – 1.3x

Currently near its 20-quarter median.

P/B · 1.2x5y range 0.7x – 1.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 35.8% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $7.21B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $8.64B
Q. Revenue: $2.13B
TTM EBITDA: $803.00M
TTM Op. Income: $439.00M
Q. Op. Income: $193.00M
TTM Net Income: $95.00M
Q. Net Income: $112.00M
EPS: $0.31
Shares Out.: $359.00M

$8.64B in TTM revenue declined 1.7% YoY, reaching $2.13B last quarter. TTM EBITDA of $803.00M and TTM operating income of $439.00M show growth is flowing through to the bottom line. TTM net income of $95.00M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 7 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 24.4%
EBITDA Margin: 13.4%
Op. Margin: 9.0%
Net Margin: 5.2%

Op. margin of 9.0% is up 2.5% YoY — cost efficiency is improving. Net margin at 5.2% and gross margin of 24.4% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 38% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 75.8x
P/S Ratio: 0.8x
P/B Ratio: 1.2x

At 75.8x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 0.8x and P/B of 1.2x provide additional context. P/E sits above typical market levels while revenue growth is below 5%. Across the last 8 quarters, P/E has risen for 7 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $11.20B
Cash: $1.16B
Long-Term Debt: $1.69B
Book Value: $6.21B
D/E Ratio: 0.3
Debt/EBITDA: 5.9

With $11.20B in assets and $1.69B in long-term debt, D/E is 0.3and book value is $6.21B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 4 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $17.00M
TTM Free Cash Flow: $562.00M
FCF Margin: 6.5%
FCF / Net Income: 5.9

TTM FCF of $562.00M on $17.00M in operating cash flow. The FCF / Net Income ratio of 5.9x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 5 consecutive quarters — a weakening trend.