White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
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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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.
NOV Inc (N1OV34) currently trades at R$109.03, while our model-based Fair Value estimate is R$44.36, 59.3% 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 R$118.61 per share, and 6 of the 24 models we run sit above the R$109.03 price.
Bear case: the Growth Earnings group reads lowest at R$22.77, and 18 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: R$39.21 (bear) to R$44.36 (bull), the price of R$109.03 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 59/100 (solid quality), in the Energy sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
NOV Inc reported revenue of $8.7B in FY2025 versus $7.2B in FY2022, a compound +6.5%/yr. Reported net income was $145M in FY2025, compounding −2.2%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap R$39.3B (≈ $7.5B) · P/E ratio 90.1 · P/S ratio 1.49 · EPS (TTM) R$1.21 · Dividend yield 0.3% · Net margin 1.7% · Return on equity 1.5% · Return on assets (EBIT) 5.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 55% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −23% fair-value upside, at −59%, N1OV34 screens richer than that median.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (R$0.6768 per share) are deliberately not added.
Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.
Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF
R$130.82
R$175.26
R$255.68
77
Growth DCF
R$135.43
R$178.36
R$250.11
76
Owner Earnings
R$25.34
R$34.48
R$51.03
73
All 24 models by family
DCF Models
FCF DCF
R$130.82
R$175.26
R$255.68
77
Owner Earnings
R$25.34
R$34.48
R$51.03
73
5Y Revenue Exit
R$86.66
R$115.92
R$157.90
70
5Y EBITDA Exit
R$79.01
R$102.86
R$134.18
73
5Y P/E Exit
R$61.34
R$72.72
R$86.64
69
10Y Revenue Exit
R$101.42
R$129.27
R$159.97
65
10Y EBITDA Exit
R$98.53
R$120.82
R$144.63
67
10Y P/E Exit
R$87.91
R$101.33
R$113.88
62
Earnings-Based
Graham-Dodd
R$14.35
R$24.92
R$30.53
64
EPV
R$49.65
R$57.80
R$64.83
71
Dividend Discount
Gordon GGM
R$24.28
R$30.56
R$36.87
67
DDM Multi-Stage
R$24.28
R$32.36
R$41.85
64
Multiples
P/E Multiple
R$22.15
R$29.54
R$36.92
63
P/S Multiple
R$26.90
R$35.87
R$44.84
58
P/B Multiple
R$26.90
R$35.87
R$44.84
55
EV/EBIT
R$51.93
R$69.90
R$87.88
66
EV/EBITDA
R$53.61
R$72.15
R$90.68
67
EV/Revenue
R$63.44
R$91.47
R$119.50
53
Asset-Based
NCAV (Graham)
R$45.60
R$61.11
R$91.21
54
Growth DCF
Growth DCF
R$135.43
R$178.36
R$250.11
76
Rev-Margin DCF
R$86.66
R$118.61
R$159.24
70
Economic Profit
Residual Income
R$64.35
R$62.21
R$61.99
73
ROIC Compounder
R$49.65
R$57.80
R$64.83
69
Growth Earnings
Growth-Adj P/E
R$15.94
R$22.77
R$29.60
65
Open the full fair value analysis →
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Is NOV Inc (N1OV34) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of R$44.36 versus a price of R$109.03, about −59% upside (overvalued).
What is the fair value of N1OV34?
Our model-based fair value for NOV Inc is R$44.36 (as of Sep 24, 2026), built from audited fundamentals. The current price: R$109.03.
What is the quality score of N1OV34?
NOV Inc has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for NOV Inc (N1OV34)?
Our model-based price target is the fair value of R$44.36 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario R$39.21, optimistic scenario R$44.36. It is a calculation from audited fundamentals, not an analyst target.
What is the NOV Inc stock forecast for 2026?
Our models put fair value at R$44.36, about −59% upside versus a price of R$109.03 (overvalued). Cautious scenario R$39.21, optimistic scenario R$44.36. The calculation is refreshed regularly with new filings.
What is the revenue of NOV Inc (N1OV34)?
NOV Inc reported trailing-twelve-month revenue of about $8.7B (latest available figure, as of Sep 24, 2026).
Does NOV Inc pay a dividend?
NOV Inc currently shows a dividend yield of about 0.29% relative to its recent price (as of Sep 24, 2026).
What growth is priced into NOV Inc (N1OV34)?
For today's price to be fair in a discounted-cash-flow model, NOV Inc would have to grow free cash flow by +0.0 % per year for five years (discount rate 12.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +6.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of N1OV34 use?
Our models discount NOV Inc at 12.5 %: a base by market capitalisation (mid), damped by beta 0.92, country premium for Brazil. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For NOV Inc that is +0.0 % per year a year over ten years, using the same discount rate (12.5 %) and the same formula as our fair value.
How much growth has NOV Inc (N1OV34) delivered so far?
Over the past 3 years revenue at NOV Inc grew +6.5 % a year. The price currently implies +0.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of NOV Inc (N1OV34) growing?
The median revenue growth in the sector is +9.3 % a year. That is the yardstick for the growth priced into NOV Inc (+0.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of NOV Inc (N1OV34)?
The free-cash-flow yield on the price is 11.63 %: that much free cash flow NOV Inc produces per unit of market value. When it exceeds the discount rate of our models (12.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of NOV Inc (N1OV34)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NOV Inc it is R$44.36 per share (as of Sep 24, 2026), against a price of R$109.03. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is NOV Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, N1OV34 trades above its calculated fair value: price R$109.03, fair value R$44.36, a gap of about −59% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of N1OV34?
No. The price is what the market pays today (R$109.03); the fair value is what the company's own numbers justify (R$44.36). For NOV Inc the two are R$64.67 per share apart. That gap is exactly why we show both numbers side by side.
How much is NOV Inc worth?
The market values NOV Inc at about R$39.3B (market capitalisation, as of Sep 24, 2026). Per share that is R$109.03; our models calculate a fair value of R$44.36 per share.
What do the bullish and bearish scenarios say about N1OV34?
Our models span a range for NOV Inc: cautious scenario R$39.21, base R$44.36, optimistic R$44.36 per share (as of Sep 24, 2026, price R$109.03). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is N1OV34 from its 52-week high?
NOV Inc trades at R$109.03, at its 52-week high of R$109.56 and 55% above the low of R$70.49 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of R$44.36 is for.
Which stocks are comparable to NOV Inc?
From the same area (Energy) we also value SLB N.V, Baker Hughes Company, TechnipFMC plc, Halliburton Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is NOV Inc stock attractive at the current price?
The data as of Sep 24, 2026: price R$109.03, calculated fair value R$44.36 (−59%), Quality Score 59/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of N1OV34 calculated?
We run NOV Inc through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of R$44.36, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. NOV Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on
is it worth investing now.
What is the share price of NOV Inc (N1OV34)?
The closing price on Oct 1, 2026 was R$109.03. Our model-based fair value is R$44.36, about −59% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NOV Inc right now?
The price sits above even our optimistic bull case (R$44.36). The favourable scenario is already priced in. Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (R$39.21 to R$44.36), unusually little disagreement for a valuation.
Key figures of NOV Inc
How large is the market capitalisation of NOV Inc (N1OV34)?
The market capitalisation of NOV Inc is R$39.3B (≈ $7.5B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/E ratio of NOV Inc (N1OV34)?
The price-to-earnings ratio of NOV Inc is 90.1. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of NOV Inc (N1OV34)?
The price-to-sales ratio of NOV Inc is 1.49 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of NOV Inc (N1OV34)?
Earnings per share at NOV Inc are R$1.21 (price ÷ EPS = P/E 90.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of NOV Inc (N1OV34)?
The dividend yield of NOV Inc is 0.3% (payout 26.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of NOV Inc (N1OV34)?
The net margin of NOV Inc is 1.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of NOV Inc (N1OV34)?
The return on equity (ROE) of NOV Inc is 1.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of NOV Inc (N1OV34)?
On an EBIT basis the return on assets of NOV Inc is 5.1% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of NOV Inc (N1OV34)?
The operating margin of NOV Inc is 2.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NOV Inc (N1OV34)?
Revenue at NOV Inc is growing −2.4% versus a year earlier (3y avg +6.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at NOV Inc (N1OV34)?
Earnings per share at NOV Inc are growing −73.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does NOV Inc (N1OV34) carry?
The net debt of NOV Inc is $166M (fiscal year 2025, ≈ 0.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
