NOV Inc. (NOV) Stock

NOV Inc. (NOV) is a Industrials stock trading at $20.27 (as of 2026-08-20), with a market capitalization of $7.27B and a trailing P/E of 29.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

NOV Inc. designs, builds, manufactures, and sells systems and products used in oil and gas drilling and production, as well as industrial and renewable energy applications. It offers equipment and related services across rig, wellbore, and completion/production technologies, serving customers worldwide.

Understand NOV Inc.: how it makes money

NOV designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, plus industrial and renewable energy customers, generating revenue from selling these systems and related components and services through its operating segments.

Because NOV sells energy-focused equipment and related services across its three operating segments (Wellbore Technologies, Completion and Production Solutions, and Rig Technologies), the companys profitability is structurally tied to the level of demand for drilling and production systems and components in these markets, and to how revenue mix flows between the segments.

Revenue by segment (latest quarter)
Wellbore$0.8B
Completion&Prod$0.8B
Rig$0.8B

Business quality (Weak): Clear segment structure (three official operating segments) and a straightforward equipment and systems revenue model, but the provided segment revenue inputs do not precisely reconcile to the stated total revenue, so investors should confirm the latest segment reporting tables before relying on exact split.

Valuation: At 75× earnings, NOV trades 121% above the Machinery average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Three operating segments that align to customers needs across the drilling and production lifecycle (Wellbore Technologies, Completion and Production Solutions, and Rig Technologies): This can support more stable demand when different parts of the lifecycle are funded at different times.
  • Broad offering includes systems, components, products, and services (for example, solids control and waste management equipment and services, drilling optimization and automation services, and measuring and monitoring services): Services and instrumentation can complement equipment sales and extend customer engagement beyond one-time hardware purchases.

Bear case

  • Customer demand is concentrated in sectors tied to drilling and production activities (oil and gas drilling and production), and also industrial and renewable energy: If drilling and production spending slows, demand for NOV systems, components, and services could weaken.
  • Latest-quarter profitability is low at the operating level (operating margin of 2.3%): With thin operating margins, adverse shifts in costs or revenue mix could pressure earnings even if gross margin holds up.
Valuation — source: SEC EDGAR (first-party)
Price$20.27
Market Cap$7.27B
P/E Ratio29.2
EV / EBITDA9.5
Price / Book1.16
Price / Sales0.85
FCF Yield7.2%
DCF Value (model)$8.38
DCF Upside vs Price-58.7%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$8.74B
Net Margin1.7%
Revenue Growth (YoY)-1.4%
EPS Growth (YoY)-75.9%
FCF Growth (YoY)-8.1%
Financial Health — source: SEC EDGAR
Altman Z-Score2.08 (grey)
Piotroski F-Score5/9 (moderate)
Valuation vs Sector & Industry
Stock P/E29.2
Sector P/E (Industrials)25.9
Industry P/E (Machinery)32.3
vs Sector12.8%
vs Industry-9.5%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($711.39M)
Institutional Holders Tracked10
Congressional Trades (recent)4
Company
SectorIndustrials
IndustryMachinery
CEOJose A. Bayardo
Employees34,010
CountryUS
IPO Date1996-10-29

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NOV earnings history · NOV institutional & insider holders · NOV KPIs & operating metrics · NOV financials · NOV investor presentations & press releases · NOV SEC filings · NOV peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.