P/E ratio for NOV (NOV)
P/E ratio as of April 2024 (TTM): 14.9
According to NOV's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.9094. At the end of 2022 the company had a P/E ratio of 52.2.
P/E ratio history for NOV from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 52.2 | -350.53% |
| 2021 | -20.8 | 905.11% |
| 2020 | -2.07 | 32.14% |
| 2019 | -1.57 | -99.47% |
| 2018 | -294 | 414.53% |
| 2017 | -57.2 | 880.4% |
| 2016 | -5.83 | -62.74% |
| 2015 | -15.6 | -239.71% |
| 2014 | 11.2 | -14.71% |
| 2013 | 13.1 | 24.88% |
| 2012 | 10.5 | -18.86% |
| 2011 | 13.0 | -14.72% |
| 2010 | 15.2 | 35.33% |
| 2009 | 11.2 | 150.22% |
| 2008 | 4.49 | -74.45% |
| 2007 | 17.6 | 24.21% |
| 2006 | 14.1 | -54.71% |
| 2005 | 31.2 | 31.54% |
| 2004 | 23.7 | 14.25% |
| 2003 | 20.8 | -5.01% |
| 2002 | 21.9 | 51.89% |
| 2001 | 14.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Schlumberger SLB | 16.9 | 13.08% | 🇺🇸 USA |
 TechnipFMC
FTI | -385 | -2,682.11% | 🇬🇧 UK |
 Forum Energy Technologies
FET | -55.9 | -474.84% | 🇺🇸 USA |
 Newpark Resources
NR | 26.9 | 80.72% | 🇺🇸 USA |
 Oil States International
OIS | 26.8 | 79.84% | 🇺🇸 USA |
 Dril-Quip DRQ | -397 | -2,765.43% | 🇺🇸 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.