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 towards a more cautious outlook. The company appears fairly valued based on its current metrics. Key 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 that is higher than Weatherford International plc at 7.99 but lower than Cactus, Inc. at 15.00, indicating a mixed competitive positioning. Additionally, the EV to EBITDA ratio of 4.00 is competitive against peers like Weatherford, which stands at 4.37. Over the past year, NOV, Inc. has underperformed the S&P 500, with a return of -18.95% compared to the index's 14.08%, reinforcing the notion that the stock may not be a compelling buy at this time.