NOV Inc. (NOV) fair value: what the stock is really worth
We calculate from audited financials what NOV Inc. is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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NOV Inc.
NOV · USStretched ValuationStrong overvaluation with only moderate quality.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.
How to read this chart
60‑month range $10.60 – $22.89 · fair‑value band $5.15 – $9.53 · the $20.15 price screens above the $8.62 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 18, 2026.
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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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.
Stock analysis
NOV Inc. (NOV) currently trades at $20.15, while our model-based Fair Value estimate is $8.62, implying the stock looks roughly 133.8% overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $25.29 per share, and 7 of the 25 models we run sit above the $20.15 price.
Bear case: the Growth Earnings group reads lowest at $4.88, and 18 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: $5.15 (bear) to $9.53 (bull), the price of $20.15 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 55/100 (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 $5.5B in FY2021, a compound +12.2%/yr. Reported net income was $145M in FY2025.
Key figures
Market cap $7.6B · P/E ratio 80.6 · P/S ratio 1.34 · EPS (TTM) $0.2500 · Dividend yield 1.6% · Net margin 1.7% · Return on equity 1.5% · Return on assets (EBIT) 3.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 74% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −21% fair-value upside, at −57%, NOV screens richer than that median.
Fair Value models
All 25 models by family
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Set up alert →Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 72
Revenue & earnings trend
Growth Forecast
NOV screens 134% overvalued. Compare with SLB N.V →
Recent news
- FET vs. NOV: Which Energy Equipment Company Has an Edge?
- Q2 Earnings Outperformers: NOV (NYSE:NOV) And The Rest Of The Oilfield Services Stocks
- NOV Inc's Dividend Analysis
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 · 188 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)
- 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 |
|---|---|---|---|
| SLB N.V SLB | $54.20 | $28.66 | −47% |
| Baker Hughes Company BKR | $56.32 | $32.40 | −42% |
| TechnipFMC plc FTI | $72.78 | $27.68 | −62% |
| Halliburton Company HAL | $35.67 | $21.50 | −40% |
| Tenaris S.A TS | $57.39 | $45.68 | −20% |
| Yantai Jereh Oilfield Services Group 002353 | ¥121.40 | ¥128.30 | +6% |
| Saipem SpA SPM | €4.33 | €2.72 | −37% |
| Subsea 7 S.A SUBC | kr 330.60 | kr 261.77 | −21% |
| China Oilfield Services Limited 601808 | ¥12.07 | ¥13.04 | +8% |
| Gaztransport & Technigaz SA GTT | €227.00 | €249.70 | +10% |
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Key figures of NOV Inc.
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