Is NOV, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for NOV, Inc. has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 8, a Price to Book Value of 0.74, and an EV to EBITDA ratio of 4.00. In comparison to peers, Weatherford International plc has a P/E of 7.99, while Cactus, Inc. stands at 15.00, highlighting a competitive landscape where NOV's valuation is in line with its industry.
Despite its fair valuation, NOV, Inc. has underperformed against the S&P 500 over various time frames, notably with a year-to-date return of -13.29% compared to the S&P 500's 13.30%. This trend is further emphasized by a 1-year return of -18.95% against the benchmark's 14.08%, suggesting that while the stock is fairly valued, it has not kept pace with broader market performance.