(NOV) NOV - Overview
Stock: Rigs, Pumps, Tools, Solids-Control, Coiled-Tubing
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 3.87% |
| Yield on Cost 5y | 4.05% |
| Yield CAGR 5y | 78.71% |
| Payout Consistency | 83.5% |
| Payout Ratio | 114.5% |
| Risk 5d forecast | |
|---|---|
| Volatility | 41.9% |
| Relative Tail Risk | -10.0% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.67 |
| Alpha | -0.57 |
| Character TTM | |
|---|---|
| Beta | 1.398 |
| Beta Downside | 1.871 |
| Drawdowns 3y | |
|---|---|
| Max DD | 52.23% |
| CAGR/Max DD | -0.11 |
Description: NOV NOV January 08, 2026
National Oilwell Varco rebranded as NOV Inc. in 2021 and now designs, builds, and sells a broad portfolio of equipment and services for oil-and-gas drilling, production, and industrial/renewable-energy markets. The business is split into two segments: Energy Equipment (drilling rigs, hydraulic-fracturing trucks, coiled-tubing, offshore production systems, etc.) and Energy Products & Services (solids-control, waste-management, artificial-lift, pumps, and aftermarket support).
In FY 2023 NOV reported revenue of roughly **$13.5 billion**, with an adjusted EBITDA margin near **12 %** and an order backlog of about **$7 billion**, indicating a solid pipeline despite cyclical demand. Capital expenditures were directed toward expanding its digital-services platform and scaling wind-turbine installation equipment, reflecting a modest shift toward renewable-energy exposure.
Key economic drivers for NOV include: (1) **Crude-oil price volatility**, which directly influences upstream capex and demand for drilling-rig and fracturing equipment; (2) **Global energy-transition policies**, boosting demand for offshore wind-turbine installation and subsea production technologies; and (3) **U.S. shale-production outlook**, where higher drilling activity sustains demand for managed-pressure drilling and solids-control solutions. A sustained rise in oil prices above $80 /barrel typically lifts NOV’s order intake, while a rapid acceleration in offshore wind projects could materially grow its renewable-energy equipment segment.
For a data-driven deep-dive on NOV’s valuation sensitivities and scenario analysis, you might find the free research tools on ValueRay worth exploring.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: 145.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -0.63 > 1.0 |
| NWC/Revenue: 39.04% < 20% (prev 38.61%; Δ 0.43% < -1%) |
| CFO/TA 0.11 > 3% & CFO 1.25b > Net Income 145.0m |
| Net Debt (1.31b) to EBITDA (818.0m): 1.60 < 3 |
| Current Ratio: 2.42 > 1.5 & < 3 |
| Outstanding Shares: last quarter (367.0m) vs 12m ago -5.90% < -2% |
| Gross Margin: 20.21% > 18% (prev 0.24%; Δ 1997 % > 0.5%) |
| Asset Turnover: 77.20% > 50% (prev 78.03%; Δ -0.83% > 0%) |
| Interest Coverage Ratio: 5.26 > 6 (EBITDA TTM 818.0m / Interest Expense TTM 88.0m) |
Altman Z'' 3.43
| A: 0.30 (Total Current Assets 5.82b - Total Current Liabilities 2.41b) / Total Assets 11.29b |
| B: -0.05 (Retained Earnings -568.0m / Total Assets 11.29b) |
| C: 0.04 (EBIT TTM 463.0m / Avg Total Assets 11.33b) |
| D: 1.27 (Book Value of Equity 6.32b / Total Liabilities 4.97b) |
| Altman-Z'' Score: 3.43 = A |
Beneish M -3.23
| DSRI: 0.72 (Receivables 1.70b/2.40b, Revenue 8.74b/8.87b) |
| GMI: 1.19 (GM 20.21% / 24.07%) |
| AQI: 0.94 (AQ_t 0.26 / AQ_t-1 0.27) |
| SGI: 0.99 (Revenue 8.74b / 8.87b) |
| TATA: -0.10 (NI 145.0m - CFO 1.25b) / TA 11.29b) |
| Beneish M-Score: -3.23 (Cap -4..+1) = AA |
What is the price of NOV shares?
Over the past week, the price has changed by +3.05%, over one month by +11.89%, over three months by +23.60% and over the past year by +27.00%.
Is NOV a buy, sell or hold?
- StrongBuy: 5
- Buy: 7
- Hold: 9
- Sell: 2
- StrongSell: 1
What are the forecasts/targets for the NOV price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 18.4 | -2.6% |
| Analysts Target Price | 18.4 | -2.6% |
| ValueRay Target Price | 20.3 | 7.6% |
NOV Fundamental Data Overview February 07, 2026
P/E Forward = 16.1551
P/S = 0.7719
P/B = 1.0951
P/EG = 0.2683
Revenue TTM = 8.74b USD
EBIT TTM = 463.0m USD
EBITDA TTM = 818.0m USD
Long Term Debt = 1.69b USD (from longTermDebt, two quarters ago)
Short Term Debt = 131.0m USD (from shortTermDebt, last quarter)
Debt = 2.86b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.31b USD (from netDebt column, last quarter)
Enterprise Value = 8.08b USD (6.77b + Debt 2.86b - CCE 1.55b)
Interest Coverage Ratio = 5.26 (Ebit TTM 463.0m / Interest Expense TTM 88.0m)
EV/FCF = 9.23x (Enterprise Value 8.08b / FCF TTM 876.0m)
FCF Yield = 10.84% (FCF TTM 876.0m / Enterprise Value 8.08b)
FCF Margin = 10.02% (FCF TTM 876.0m / Revenue TTM 8.74b)
Net Margin = 1.66% (Net Income TTM 145.0m / Revenue TTM 8.74b)
Gross Margin = 20.21% ((Revenue TTM 8.74b - Cost of Revenue TTM 6.98b) / Revenue TTM)
Gross Margin QoQ = 20.29% (prev 18.93%)
Tobins Q-Ratio = 0.72 (Enterprise Value 8.08b / Total Assets 11.29b)
Interest Expense / Debt = 0.77% (Interest Expense 22.0m / Debt 2.86b)
Taxrate = 21.0% (US default 21%)
NOPAT = 365.8m (EBIT 463.0m * (1 - 21.00%))
Current Ratio = 2.42 (Total Current Assets 5.82b / Total Current Liabilities 2.41b)
Debt / Equity = 0.45 (Debt 2.86b / totalStockholderEquity, last quarter 6.32b)
Debt / EBITDA = 1.60 (Net Debt 1.31b / EBITDA 818.0m)
Debt / FCF = 1.49 (Net Debt 1.31b / FCF TTM 876.0m)
Total Stockholder Equity = 6.43b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.28% (Net Income 145.0m / Total Assets 11.29b)
RoE = 2.25% (Net Income TTM 145.0m / Total Stockholder Equity 6.43b)
RoCE = 5.70% (EBIT 463.0m / Capital Employed (Equity 6.43b + L.T.Debt 1.69b))
RoIC = 4.46% (NOPAT 365.8m / Invested Capital 8.20b)
WACC = 7.96% (E(6.77b)/V(9.63b) * Re(11.06%) + D(2.86b)/V(9.63b) * Rd(0.77%) * (1-Tc(0.21)))
Discount Rate = 11.06% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.85%
[DCF Debug] Terminal Value 70.42% ; FCFF base≈906.8m ; Y1≈595.3m ; Y5≈271.6m
Fair Price DCF = 11.09 (EV 5.35b - Net Debt 1.31b = Equity 4.04b / Shares 364.8m; r=7.96% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: -6.49 | EPS CAGR: -42.60% | SUE: -3.97 | # QB: 0
Revenue Correlation: 75.37 | Revenue CAGR: 10.84% | SUE: 3.67 | # QB: 3
EPS next Quarter (2026-03-31): EPS=0.20 | Chg30d=-0.031 | Revisions Net=-1 | Analysts=2
EPS current Year (2026-12-31): EPS=1.03 | Chg30d=-0.104 | Revisions Net=+2 | Growth EPS=+164.1% | Growth Revenue=-2.1%
EPS next Year (2027-12-31): EPS=1.32 | Chg30d=-0.004 | Revisions Net=+0 | Growth EPS=+27.9% | Growth Revenue=+3.6%