NOV National Oilwell Varco PE ratio, current and historical analysis
The current PE ratio for National Oilwell Varco stock as of Feb 21, 2025 is 9.33. This is calculated based on the TTM EPS of $1.62 and the stock price of $15.11 per share. The PE ratio marks an increase of 25% from its last 4 quarters average of 7.4.
NOV PE ratio history
The average historical PE ratio of National Oilwell Varco for the last ten years is 75.69. The current price-to-earnings ratio of 9.33 is 88% 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 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 |
|---|---|---|---|---|
| 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 |
| Dec 2021 | N/A | N/A | $13.55 | -$0.65 |
| Sep 2021 | N/A | N/A | $13.11 | -$1.45 |
| Jun 2021 | N/A | N/A | $15.32 | -$1.41 |
NOV average PE ratio chart
NOV's current PE ratio is under its 3, 5 and 10-year averages.
NOV PE vs 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 | 9.33 | $5.75B |
| INVX Innovex International Inc. | 11.42 | $1.12B |
| SLB Schlumberger Limited | 13.29 | $58.47B |
| FTI TechnipFMC plc | 18.79 | $12.39B |
| OIS Oil States International Inc | N/A | $299.15M |
| FET Forum Energy Technologies Inc | N/A | $224.55M |
| NPKI NPK International Inc. | N/A | $568.29M |
Frequently asked questions
What is National Oilwell Varco's PE ratio?
The price to earnings ratio for NOV stock as of Feb 21, 2025, stands at 9.33.
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 95.24.
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 95.24.
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 88% 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 9.33 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 (Feb 21, 2025), National Oilwell Varco's share price is $15.11. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2024 is $1.62. Therefore, National Oilwell Varco's price to earnings ratio for today is 9.33. PE RATIO(9.33) = STOCK PRICE($15.11) / TTM EPS($1.62)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.