NOV
NOV
#1885
Rank
$6.77 B
Marketcap
$17.25
Share price
-0.12%
Change (1 day)
-9.97%
Change (1 year)

P/E ratio for NOV (NOV)

P/E ratio as of March 2023 (TTM): 575

According to NOV's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 575. At the end of 2021 the company had a P/E ratio of -20.8.

P/E ratio history for NOV from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
2021-20.8905.11%
2020-2.0732.14%
2019-1.57-99.47%
2018-294414.53%
2017-57.2880.4%
2016-5.83-62.74%
2015-15.6-239.71%
201411.2-14.71%
201313.124.88%
201210.5

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
18.3-96.81%๐Ÿ‡บ๐Ÿ‡ธ USA
-26.9-104.68%๐Ÿ‡ฌ๐Ÿ‡ง UK
29.0-94.95%๐Ÿ‡บ๐Ÿ‡ธ USA
-10.7-101.87%๐Ÿ‡บ๐Ÿ‡ธ USA
-13.9-102.42%๐Ÿ‡บ๐Ÿ‡ธ USA
-15.1-102.63%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.