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NOV National Oilwell Varco PE ratio, current and historical analysis

The current PE ratio for National Oilwell Varco stock as of Jun 14, 2024 is 7.0. This is calculated based on the TTM EPS of $2.5 and the stock price of $17.5 per share. The PE ratio has decreased by 41% from its last 4 quarters average of 11.9.

NOV PE ratio history

How has NOV's PE ratio performed in the past

The average historical PE ratio of National Oilwell Varco for the last ten years is 76.92. The current price-to-earnings ratio of 7.0 is 91% less than the historical average. Analyzing the last ten 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 Mar 2024 quarter, when it reached 7.81 with a price of $19.52 and an EPS of $2.5.

Average
76.92
Median
12.68
Minimum
7.81
Maximum
809

National Oilwell Varco PE ratio by year

Maximum annual decrease: -84.64% in 2023

Year PE ratio Change
2023 8.02 -84.64%
2022 52.23 N/A
2021 N/A N/A
2020 N/A N/A
2019 N/A N/A
2018 N/A N/A
2017 N/A N/A
2016 N/A N/A
2015 N/A N/A
2014 11.2 -23.13%

NOV average PE ratio chart

What is the average PE ratio of NOV for the past years

NOV's current PE ratio is under its 3, 5 and 10-year averages.

3-year avg
132.92
5-year avg
132.92
10-year avg
76.92
15-year avg
38.34

NOV PE vs peers

What is NOV's PE ratio compared to its peers

When compared to its peer stocks SLB and FTI, NOV's PE ratio is lower.

Stock name PE ratio Market cap
NOV National Oilwell Varco Inc 7 $6.92B
SLB Schlumberger Limited 14.1 $61.46B
NR Newpark Resources Inc 38.8 $661.16M
FTI TechnipFMC plc 49.49 $10.45B
OIS Oil States International Inc N/A $254.29M
FET Forum Energy Technologies Inc N/A $211.65M
DRQ Dril-Quip Inc N/A $604.77M

Frequently asked questions

What is National Oilwell Varco's PE ratio?

The price to earnings ratio for NOV stock as of Jun 14, 2024, stands at 7.

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 132.92.

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 132.92.

What is the highest PE ratio for NOV?

The highest quarterly PE ratio in the last ten 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 91% lower than the 10-year historical average.

Why is National Oilwell Varco's PE ratio so low?

NOV's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 7 is considered low.

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 (Jun 14, 2024), National Oilwell Varco's share price is $17.5. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $2.5. Therefore, National Oilwell Varco's price to earnings ratio for today is 7. PE RATIO(7) = STOCK PRICE($17.5) / TTM EPS($2.5)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.