NOV Inc. (NOV) Financial Ratios
30 years of historical data (1996–2025) · Energy · Oil & Gas Equipment & Services
EV/EBITDA
↓
8.78
↓-41% vs avg
5yr avg: 14.98
30Y Low2.5·High42.8
P/FCF
↓
8.42
↓-64% vs avg
5yr avg: 23.66
30Y Low4.7·High58.1
P/B Ratio
↓
1.20
+4% vs avg
5yr avg: 1.15
30Y Low0.7·High6.2
ROE
↑
2.3%
↑-59% vs avg
5yr avg: 5.6%
30Y Low-56%·High28%
Debt/EBITDA
↓
2.55
↓-49% vs avg
5yr avg: 5.01
30Y Low0.1·High13.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
NOV Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
NOV Inc. trades at 51.7x earnings, 87% above its 5-year average of 27.7x, sitting at the 90th percentile of its historical range. Compared to the Energy sector median P/E of 16.9x, the stock trades at a premium of 207%. On a free-cash-flow basis, the stock trades at 8.4x P/FCF, 64% below the 5-year average of 23.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.3B | $5.9B | $5.8B | $8.1B | $8.2B | $5.2B | $5.3B | $9.6B | $9.7B | $13.6B | $14.1B |
| Enterprise Value | $8.1B | $6.6B | $6.9B | $9.6B | $9.5B | $6.0B | $6.1B | $11.2B | $11.0B | $14.9B | $15.9B |
| P/E Ratio → | 51.74 | 40.08 | 9.13 | 8.11 | 53.56 | — | — | — | — | — | — |
| P/S Ratio | 0.83 | 0.67 | 0.65 | 0.94 | 1.14 | 0.95 | 0.87 | 1.13 | 1.15 | 1.86 | 1.94 |
| P/B Ratio | 1.20 | 0.93 | 0.90 | 1.29 | 1.60 | 1.03 | 1.00 | 1.22 | 0.70 | 0.95 | 1.01 |
| P/FCF | 8.42 | 6.78 | 6.07 | — | — | 58.11 | 7.53 | 19.89 | 35.07 | 21.22 | 20.82 |
| P/OCF | 5.87 | 4.73 | 4.43 | 56.30 | — | 17.97 | 5.69 | 13.40 | 18.65 | 16.32 | 14.66 |
P/E links to full P/E history page with 30-year chart
NOV EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
NOV Inc.'s enterprise value stands at 8.8x EBITDA, 41% below its 5-year average of 15.0x. The Energy sector median is 8.1x, placing the stock at a 8% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.76 | 0.78 | 1.12 | 1.32 | 1.09 | 1.01 | 1.32 | 1.30 | 2.03 | 2.19 |
| EV / EBITDA | 8.78 | 7.24 | 5.69 | 10.09 | 16.86 | 35.04 | — | — | 12.21 | 35.28 | — |
| EV / EBIT | 14.30 | 14.36 | 7.52 | 13.73 | 30.15 | — | — | — | 82.08 | — | — |
| EV / FCF | — | 7.70 | 7.28 | — | — | 66.97 | 8.77 | 23.23 | 39.71 | 23.21 | 23.50 |
NOV Profitability
Margins and return-on-capital ratios measuring operating efficiency
NOV Inc. earns an operating margin of 6.5%, below the Energy sector average of 14.5%. Operating margins have compressed from 7.6% to 6.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 2.3% is modest, trailing the sector median of 7.9%. ROIC of 5.8% represents adequate returns on invested capital versus a sector median of 6.4%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 20.2% | 20.2% | 22.7% | 21.4% | 18.4% | 14.0% | 7.1% | 10.0% | 17.1% | 12.2% | -1.4% |
| Operating Margin | 6.5% | 6.5% | 9.9% | 7.6% | 3.6% | -2.4% | -39.8% | -74.1% | 2.5% | -3.8% | -33.3% |
| Net Profit Margin | 1.7% | 1.7% | 7.2% | 11.6% | 2.1% | -4.5% | -41.7% | -71.9% | -0.4% | -3.2% | -33.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.3% | 2.3% | 10.0% | 17.5% | 3.0% | -4.8% | -38.7% | -56.1% | -0.2% | -1.7% | -15.8% |
| ROA | 1.3% | 1.3% | 5.6% | 9.3% | 1.6% | -2.6% | -22.0% | -37.0% | -0.2% | -1.1% | -10.1% |
| ROIC | 5.8% | 5.8% | 8.5% | 6.9% | 3.2% | -1.7% | -23.3% | -38.2% | 1.0% | -1.3% | -10.6% |
| ROCE | 6.3% | 6.3% | 9.8% | 7.9% | 3.4% | -1.7% | -25.6% | -44.3% | 1.2% | -1.5% | -11.9% |
NOV Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
NOV Inc. carries a Debt/EBITDA ratio of 2.5x, which is moderately leveraged (6% above the sector average of 2.4x). Net debt stands at $788M ($2.3B total debt minus $1.6B cash). Interest coverage of 5.3x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.37 | 0.37 | 0.37 | 0.38 | 0.46 | 0.47 | 0.48 | 0.35 | 0.20 | 0.19 | 0.23 |
| Debt / EBITDA | 2.55 | 2.55 | 1.96 | 2.49 | 4.19 | 13.88 | — | — | 3.01 | 6.44 | — |
| Net Debt / Equity | — | 0.12 | 0.18 | 0.25 | 0.25 | 0.16 | 0.16 | 0.20 | 0.09 | 0.09 | 0.13 |
| Net Debt / EBITDA | 0.86 | 0.86 | 0.95 | 1.64 | 2.30 | 4.63 | — | — | 1.43 | 3.03 | — |
| Debt / FCF | — | 0.91 | 1.21 | — | — | 8.86 | 1.23 | 3.34 | 4.64 | 1.99 | 2.67 |
| Interest Coverage | 5.26 | 5.26 | 10.13 | 7.95 | 4.05 | -1.99 | -32.08 | -63.62 | 1.44 | -2.84 | -23.98 |
NOV Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
NOV Inc.'s current ratio of 2.42x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.67x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.42 | 2.42 | 2.46 | 2.40 | 2.25 | 2.57 | 2.79 | 2.72 | 3.11 | 3.07 | 2.58 |
| Quick Ratio | 1.67 | 1.67 | 1.64 | 1.51 | 1.51 | 1.87 | 2.04 | 1.74 | 1.83 | 1.79 | 1.49 |
| Cash Ratio | 0.65 | 0.65 | 0.52 | 0.34 | 0.44 | 0.83 | 0.91 | 0.52 | 0.61 | 0.61 | 0.46 |
| Asset Turnover | — | 0.77 | 0.78 | 0.76 | 0.71 | 0.58 | 0.61 | 0.64 | 0.43 | 0.36 | 0.34 |
| Inventory Turnover | 3.88 | 3.88 | 3.55 | 3.14 | 3.26 | 3.57 | 4.02 | 3.47 | 2.35 | 2.14 | 2.21 |
| Days Sales Outstanding | — | 95.88 | 98.60 | 112.44 | 122.26 | 117.75 | 112.98 | 107.53 | 115.12 | 125.43 | 138.33 |
NOV Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
NOV Inc. returns 6.8% to shareholders annually — split between a 2.5% dividend yield and 4.3% buyback yield. The payout ratio exceeds 100% at 131.0%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 1.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.5% | 3.2% | 1.9% | 1.0% | 0.9% | 0.4% | 0.4% | 0.8% | 0.8% | 0.6% | 1.6% |
| Payout Ratio | 131.0% | 131.0% | 17.0% | 8.0% | 50.3% | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.9% | 2.5% | 11.0% | 12.3% | 1.9% | — | — | — | — | — | — |
| FCF Yield | 11.9% | 14.7% | 16.5% | — | — | 1.7% | 13.3% | 5.0% | 2.9% | 4.7% | 4.8% |
| Buyback Yield | 4.3% | 5.4% | 4.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.8% | 8.6% | 5.8% | 1.0% | 0.9% | 0.4% | 0.4% | 0.8% | 0.8% | 0.6% | 1.6% |
| Shares Outstanding | — | $375M | $396M | $397M | $394M | $386M | $384M | $382M | $378M | $377M | $376M |
Peer Comparison
Compare NOV with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 NOVYou | $7B | 51.7 | 8.8 | 8.4 | 20.2% | 6.5% | 2.3% | 5.8% | 2.5 |
 BKR | $66B | 25.6 | 14.7 | 26.1 | 23.6% | 12.8% | 14.4% | 12.7% | 1.5 |
 HAL | $34B | 26.9 | 11.7 | 20.2 | 15.7% | 10.2% | 12.2% | 10.2% | 2.4 |
 SLB | $83B | 23.5 | 12.5 | 17.3 | 18.2% | 15.3% | 13.5% | 12.1% | 1.7 |
 LBRT | $5B | 36.5 | 10.5 | 373.0 | 11.4% | 2.0% | 7.3% | 2.3% | 1.5 |
 NCSM | $105M | 4.6 | 4.6 | 5.0 | 38.2% | 6.4% | 18.3% | 7.9% | 0.7 |
 FTI | $30B | 32.1 | 21.9 | 20.4 | 17.3% | 9.6% | 29.5% | 17.6% | 1.4 |
 OII | $4B | 10.6 | 8.6 | 17.8 | 20.4% | 10.9% | 39.4% | 23.4% | 1.2 |
 WTTR | $2B | 87.3 | 10.1 | — | 14.0% | 2.5% | 2.3% | 2.3% | 1.8 |
 ACDC | $1B | -3.1 | 8.5 | 65.8 | 3.7% | -6.9% | -37.7% | -4.6% | 4.0 |
 PUMP | $2B | 2021.8 | 10.8 | 45.5 | 9.9% | 1.5% | 0.1% | 1.4% | 1.3 |
| Energy Median | — | 16.9 | 8.1 | 14.1 | 32.7% | 14.5% | 7.9% | 6.4% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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Start ComparisonNOV — Frequently Asked Questions
Quick answers to the most common questions about buying NOV stock.
What is NOV Inc.'s P/E ratio?
NOV Inc.'s current P/E ratio is 51.7x. The historical average is 22.7x. This places it at the 90th percentile of its historical range.
What is NOV Inc.'s EV/EBITDA?
NOV Inc.'s current EV/EBITDA is 8.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.5x.
What is NOV Inc.'s ROE?
NOV Inc.'s return on equity (ROE) is 2.3%. The historical average is 4.8%.
Is NOV stock overvalued?
Based on historical data, NOV Inc. is trading at a P/E of 51.7x. This is at the 90th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is NOV Inc.'s dividend yield?
NOV Inc.'s current dividend yield is 2.51% with a payout ratio of 131.0%.
What are NOV Inc.'s profit margins?
NOV Inc. has 20.2% gross margin and 6.5% operating margin.
How much debt does NOV Inc. have?
NOV Inc.'s Debt/EBITDA ratio is 2.5x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.