NOV NOV
United StatesEnergy · Oil & Gas Equipment & ServicesUSD
22.13 USD (+18.9%)
19 analysts
Trading 2120.30 €Open account ↗
Lightyear0.90 €Open account ↗
N260.90 €Open account ↗
XTB1.00 €★ featured · affiliateOpen account ↗Trading 2120.30 €Open account ↗Lightyear0.90 €Open account ↗XTB1.00 €★ featured · affiliateOpen account ↗200.00 € order · cheapest cheapest available in your country iCompare all 22 brokers →What does it do?
NOV Inc. designs, manufactures, and provides equipment and technology services for oil and gas exploration and production, as well as for industrial and renewable energy applications.
Key points
from its scores- ✓Good share-price trend8.7
- ✕Little or no dividend2.5
- ✕Little competitive advantage4.0
- ✕Weak growth4.6
AI analysis
bottom line, main risk, context and newsThe FCF valuation is attractive and the balance sheet is solid, but the lack of revenue growth and unsustainable payout limit upside potential.
NOV Inc. has solid financial health (Net Debt/EBITDA of 1.18 and liquidity of 2.42) and an attractive valuation based on cash flow (FCF yield of 10.14%), but its revenue growth is negative (-2.50%) and the payout of 155.56% is unsustainable, which weighs on its quality and dividend.
The main risk is dependence on the oil and gas exploration and production investment cycle: a decline in oil companies' capital spending would reduce demand for its equipment and services, impacting its revenue and margins.
Context and risks
NOV Inc. is a supplier of equipment and services for the energy industry, headquartered in the United States. Its business is directly tied to the investment cycle in oil and gas exploration and production. The context of rising interest rates in the US and a stronger dollar may affect its clients' project financing, but its balance sheet is solid (Net Debt/EBITDA of 1.18) and it does not depend on commodities like gold. The main risk is the volatility of oil companies' capital spending, not a specific macro factor.
Is NOV stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 169% above the Energy median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 69.0 | 15.7 | +339% |
| EV / EBITDA | 8.0 | 8.0 | −1% |
| Price / book | 1.1 | 2.2 | −52% |
| Price / sales | 0.8 | 1.9 | −60% |
Sector: median of the 102 Energy companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.9 out of 10 (median for Energy: 5.9).
Average analyst target: 22.13 USD, +18.9% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 4.0 (sector 5.8), Growth 4.6 (sector 7.2).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Energy medianValuation
- P/E
- 69.0
- Forward P/E
- 14.5
- EV / EBITDA
- 8.0
- Price / book
- 1.1
- Price / sales
- 0.8
- PEG
- 0.77
- Market cap
- 6.6B USD
- Enterprise value
- 7.9B USD
Profitability
- ROE
- 1.5%
- ROA
- 3.4%
- ROIC (approx.)
- 7.3%
- Gross margin
- 21.6%
- Operating margin
- 7.2%
- Net margin
- 1.1%
- Free cash flow
- 673.4M USD
- FCF yield
- 10.1%
- Cash conversion
- 68%
Solvency
- Total debt
- 2.3B USD
- Net debt
- 1.2B USD
- Cash
- 1.2B USD
- EBITDA
- 986.0M USD
- Net debt / EBITDA
- 1.18
- Debt / equity
- 37.15
- Current ratio
- 2.42
- Quick ratio
- 1.52
Growth
- Revenue growth
- −2.5%
- Earnings growth
- +7.6%
- EPS (TTM)
- 0.27 USD
- EPS (forward)
- 1.28 USD
Dividend
- Dividend yield
- 1.9%
- Payout
- 155.6%
Risk and market
- Beta
- 0.98
- Analyst consensus
- Buy (19)
- Target price
- 22.13 USD
- 52-week range
- 12.29 – 21.93
Recent news
All NOV news →Compare it with its sector
All 102 in Energy →Frequently asked questions about NOV
Is NOV stock cheap or expensive?
On P/E and EV / EBITDA, it trades 169% above the Energy median on average. Valuation score: 6.9 out of 10 (median for Energy: 5.9). Average analyst target: 22.13 USD, +18.9% versus the price. This is not investment advice.
What score does NOV get on MeridIAn Screener?
It scores 5.8 out of 10, rank 1,181 of 2,130 (better than 43% of the companies analysed). Its strongest category is Momentum (8.7) and its weakest, Dividend (2.5). Analysis of 08/10/2026.
What is NOV's P/E ratio?
Its P/E is 69.0: the share price equals 69.0 times earnings per share over the last 12 months. The Energy median is 15.7. Based on the earnings analysts expect, the forward P/E is 14.5.
How much is NOV worth on the stock market?
Its market capitalisation is 6.6B USD and its enterprise value, debt included, is 7.9B USD.
How much debt does NOV have?
Its net debt (debt minus cash) is 1.2B USD. That is 1.18 times its EBITDA; the Energy median is 1.23.
Does NOV pay a dividend?
Yes: its dividend yield is 1.93% and it pays out 156% of its earnings.
How has NOV stock performed over the last year?
It has risen 54.7% over the last year, excluding dividends. Over the last 52 weeks it has traded between 12.29 and 21.93 USD. Past performance does not guarantee future results.
What do analysts think of NOV?
19 analysts cover it; their average recommendation is “Buy” and their average target is 22.13 USD (+18.9% versus the price). It is an estimate, not market data.