NOV National Oilwell Varco PE ratio, current and historical analysis
The current PE ratio for National Oilwell Varco stock as of Nov 5, 2025 is 15.01. This is calculated based on the TTM EPS of $1 and the stock price of $15.01 per share. The PE ratio marks an increase of 41% from its last 4 quarters average of 10.7.
NOV PE ratio history
The average historical PE ratio of National Oilwell Varco for the last four years is 75.85. The current price-to-earnings ratio of 15.01 is 80% less than the historical average. Analyzing the last four years, NOV's PE ratio reached its highest point in the Sep 2022 quarter at 809, when the price was $16.18 and the EPS was $0.02. The lowest point was recorded in the Sep 2024 quarter, when it reached 5.87 with a price of $15.97 and an EPS of $2.72.
National Oilwell Varco PE ratio by year
Maximum annual increase: 34.91% in 2010
Maximum annual decrease: -84.64% in 2023
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 9.01 | 12.34% | $14.6 | $1.62 |
| 2023 | 8.02 | -84.64% | $20.28 | $2.53 |
| 2022 | 52.23 | N/A | $20.89 | $0.4 |
| 2021 | N/A | N/A | $13.55 | -$0.65 |
| 2020 | N/A | N/A | $13.73 | -$6.62 |
| 2019 | N/A | N/A | $25.05 | -$15.96 |
| 2018 | N/A | N/A | $25.7 | -$0.08 |
| 2017 | N/A | N/A | $36.02 | -$0.63 |
| 2016 | N/A | N/A | $37.44 | -$6.41 |
| 2015 | N/A | N/A | $33.49 | -$1.99 |
| 2014 | 11.2 | -23.13% | $65.53 | $5.85 |
| 2013 | 14.57 | 24.96% | $79.53 | $5.46 |
| 2012 | 11.66 | -18.86% | $68.35 | $5.86 |
| 2011 | 14.37 | -14.72% | $67.99 | $4.73 |
| 2010 | 16.85 | 34.91% | $67.25 | $3.99 |
National Oilwell Varco PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Sep 2025 | 13.25 | 30.03% | $13.25 | $1 |
| Jun 2025 | 10.19 | 0.39% | $12.43 | $1.22 |
| Mar 2025 | 10.15 | 12.65% | $15.22 | $1.5 |
| Dec 2024 | 9.01 | 53.49% | $14.6 | $1.62 |
| Sep 2024 | 5.87 | -17.21% | $15.97 | $2.72 |
| Jun 2024 | 7.09 | -9.22% | $19.01 | $2.68 |
| Mar 2024 | 7.81 | -2.62% | $19.52 | $2.5 |
| Dec 2023 | 8.02 | -51.28% | $20.28 | $2.53 |
| Sep 2023 | 16.46 | 8.79% | $20.9 | $1.27 |
| Jun 2023 | 15.13 | -30.53% | $16.04 | $1.06 |
| Mar 2023 | 21.78 | -58.3% | $18.51 | $0.85 |
| Dec 2022 | 52.23 | -93.54% | $20.89 | $0.4 |
| Sep 2022 | 809 | N/A | $16.18 | $0.02 |
| Jun 2022 | N/A | N/A | $16.91 | -$0.24 |
| Mar 2022 | N/A | N/A | $19.61 | -$0.49 |
NOV Price vs fair value
NOV average PE ratio chart
NOV's current PE ratio is higher than the 3-year average, but it is under its 5 and 10-year averages.
PE comparison
National Oilwell Varco's price to earnings (P/E) of 15.01 is lower than the Energy sector, the industry and its peers average. Looking at the Energy sector average of 15.84, National Oilwell Varco's price to earnings (P/E) is 5% lower.
NOV PE vs peers
When compared to its peers FTI and NPKI, NOV's PE ratio is lower, but it is higher than SLB's and INVX's. National Oilwell Varco's PE ratio is trading below the peer average of 18.22.
| Stock name | PE ratio | Market cap |
|---|---|---|
| SLB Schlumberger Limited | 14 | $54.6B |
| NOV National Oilwell Varco Inc | 15.01 | $5.47B |
| OIS Oil States International Inc | 16.62 | $367.44M |
| FTI TechnipFMC plc | 18.65 | $17.13B |
| INVX Innovex International Inc. | 30.78 | $1.36B |
| NPKI NPK International Inc. | 32.43 | $1.1B |
| FET Forum Energy Technologies Inc | N/A | $330.42M |
Frequently asked questions
What is National Oilwell Varco's PE ratio?
The price to earnings ratio for NOV stock as of Nov 5, 2025, stands at 15.01.
What is the 3-year average PE ratio for National Oilwell Varco (NOV)?
The average PE ratio for NOV stock over the past 3 years is 14.75.
What is the 5-year average PE ratio for National Oilwell Varco (NOV)?
The average PE ratio for NOV stock over the past 5 years is 75.85.
What is the highest PE ratio for NOV?
The highest quarterly PE ratio in the last four years has been 809 and it was in the Sep 2022 quarter.
How does the current PE ratio for NOV compare to its historical average?
The current PE ratio of NOV is 80% lower than the 4-year historical average.
How is NOV's PE ratio calculated (National Oilwell Varco PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Nov 5, 2025), National Oilwell Varco's share price is $15.01. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2025 is $1. Therefore, National Oilwell Varco's price to earnings ratio for today is 15.01. PE RATIO(15.01) = STOCK PRICE($15.01) / TTM EPS($1)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.