NOV Inc. (NOV) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of NOV Inc. stock $13.26, price $18.03, that is 26.5% below the price, quality 56 out of 100. Rating: overvalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
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NOV Inc.
NOV · USOur calculation puts a fair price 26% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $10.60 – $22.89 · fair‑value band $9.39 – $17.12 · the $18.03 price screens above the $13.26 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Company profile
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.
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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.
Stock analysis
NOV Inc. (NOV) currently trades at $18.03, while our model-based Fair Value estimate is $13.26, 26% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $25.94 per share, and 9 of the 25 models we run sit above the $18.03 price.
Bear case: the Asset-Based group reads lowest at $2.24, and 16 of the 25 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $9.39 (bear) to $17.12 (bull), the price of $18.03 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Energy sector.
Mixed Growth: Spin-off in 2014: revenue and profit before it include the divested business. Growth is measured afresh from 2014.
NOV Inc. reported revenue of $8.7B in FY2025 versus $5.5B in FY2021, a compound +12.2%/yr. Reported net income was $145M in FY2025.
Key figures
Market cap $6.6B Mid · P/E ratio 44.0 · P/S ratio 0.76 · EPS (TTM) $0.4100 · Dividend yield 0.4% · Net margin 1.7% · Return on equity 2.3% · Return on assets (EBIT) 3.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 28% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −32% fair-value upside, at −26%, NOV screens cheaper than that median.
Fair Value models
All 25 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, one officer or director sold shares worth $184,301 and none bought.
- SaleDavid D HarrisonDirector9,594 shares at $19.21$184,301Jul 31, 2026
- SaleJoseph W RovigPresident - Energy Equipment151,086 shares at $20.17$3.0MFeb 23, 2026
- SaleCraig L. WeinstockSr. VP. & Gen. Counsel70,000 shares at $20.08$1.4MFeb 23, 2026
- BuyChristian S KendallDirector70,000 shares at $14.46$1.0MNov 21, 2025
Plus 8 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 5, 2026. All filings at the SEC ↗
Revenue & earnings trend
Growth Forecast
NOV screens overvalued: fair value 26% below the price. Compare with SLB N.V →
Recent news
- NOV Expects Higher Offshore Bookings on Strong FPSO Project Pipeline
- NOV (NOV) Earnings Beat Keeps Undervalued Narrative In Play
Compare NOV Inc. with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas Equipment & Services · 167 stocks
Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Energy sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- PEG ratio by industry
- Revenue growth by industry
- Stock screener with 62 metrics
- Undervalued stocks: Energy
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Yantai Jereh Oilfield Services Group 002353 | ¥88.27 | ¥99.00 | +12% | vs NOV |
| Gaztransport & Technigaz SA GTT | €181.80 | €202.40 | +11% | vs NOV |
| China Oilfield Services Limited 601808 | ¥12.79 | ¥13.04 | +2% | vs NOV |
| Subsea 7 S.A SUBC | kr 311.00 | kr 250.11 | −20% | vs NOV |
| Tenaris S.A TEN | €25.80 | €17.63 | −32% | vs NOV |
| Halliburton Company HAL | $33.00 | $21.72 | −34% | vs NOV |
| Baker Hughes Company BKR | $49.87 | $32.37 | −35% | vs NOV |
| Saipem SpA SPM | €4.26 | €2.72 | −36% | vs NOV |
| SLB N.V SLB | $51.56 | $29.03 | −44% | vs NOV |
| TechnipFMC plc FTI | $64.50 | $28.12 | −56% | vs NOV |
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Frequently asked questions
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Key figures of NOV Inc.
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