NOV
NOV
#2154
Rank
$6.73 B
Marketcap
$17.10
Share price
1.15%
Change (1 day)
-23.06%
Change (1 year)

P/E ratio for NOV (NOV)

P/E ratio as of March 2024 (TTM): 13.3

According to NOV's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.3071. 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
202252.2-350.53%
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%
201210.5-18.86%
201113.0-14.72%
201015.235.33%
200911.2150.22%
20084.49-74.45%
200717.624.21%
200614.1-54.71%
200531.231.54%
200423.714.25%
200320.8-5.01%
200221.951.89%
200114.4

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
16.5 24.34%๐Ÿ‡บ๐Ÿ‡ธ USA
-314-2,459.01%๐Ÿ‡ฌ๐Ÿ‡ง UK
-57.2-529.63%๐Ÿ‡บ๐Ÿ‡ธ USA
23.8 78.96%๐Ÿ‡บ๐Ÿ‡ธ USA
33.7 153.15%๐Ÿ‡บ๐Ÿ‡ธ USA
-452-3,496.68%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.