The current PE ratio for National Oilwell Varco stock as of May 3, 2024 is 7.42. This is calculated based on the TTM EPS of $2.5 and the stock price of $18.54 per share. The PE ratio has decreased by 37% from its last 4 quarters average of 11.9.
The average historical PE ratio of National Oilwell Varco for the last ten years is 76.92. The current price-to-earnings ratio of 7.42 is 90% 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.
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's current PE ratio is under its 3, 5 and 10-year averages.
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 | 7.42 | $7.33B |
| SLB Schlumberger Limited | 15.63 | $68.12B |
| NR Newpark Resources Inc | 35.5 | $604.93M |
| FTI TechnipFMC plc | 52.98 | $11.19B |
| OIS Oil States International Inc | N/A | $277.41M |
| FET Forum Energy Technologies Inc | N/A | $227.37M |
| DRQ Dril-Quip Inc | N/A | $640.22M |
The price to earnings ratio for NOV stock as of May 3, 2024, stands at 7.42.
The average PE ratio for NOV stock over the past 3 years is 132.92.
The average PE ratio for NOV stock over the past 5 years is 132.92.
The highest quarterly PE ratio in the last ten years has been 809 and it was in the Sep 2022 quarter.
The current PE ratio of NOV is 90% lower than the 10-year historical average.
NOV's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 7.42 is considered low.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (May 3, 2024), National Oilwell Varco's share price is $18.54. 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 7.42. PE RATIO(7.42) = STOCK PRICE($18.54) / TTM EPS($2.5)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.