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 | -20.8 | 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Schlumberger SLB | 18.3 | -96.81% | 🇺🇸 USA |
 TechnipFMC
FTI | -26.9 | -104.68% | 🇬🇧 UK |
 Forum Energy Technologies
FET | 29.0 | -94.95% | 🇺🇸 USA |
 Newpark Resources
NR | -10.7 | -101.87% | 🇺🇸 USA |
 Oil States International
OIS | -13.9 | -102.42% | 🇺🇸 USA |
 Dril-Quip DRQ | -15.1 | -102.63% | 🇺🇸 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.