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 at this time. Key valuation ratios include a P/E ratio of 8, a Price to Book Value of 0.74, and an EV to EBITDA of 4.00, which suggest that the stock is trading at a discount relative to its earnings and book value.
In comparison to its peers, NOV, Inc. has a P/E ratio of 10.22, which is higher than Weatherford International plc at 7.99 but lower than Cactus, Inc. at 15.00. This positions NOV in the middle of the pack among its competitors. Notably, the company has experienced a 1-week return of 2.84%, outperforming the S&P 500's return of 1.70%, but it has underperformed over longer periods, with a year-to-date return of -13.29% compared to the S&P 500's 13.30%.