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Also traded in: Germany, Mexico

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 3/10

vs
industry
vs
history
Cash to Debt 0.53
NOV's Cash to Debt is ranked higher than
56% of the 257 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.43 vs. NOV: 0.53 )
Ranked among companies with meaningful Cash to Debt only.
NOV' s Cash to Debt Range Over the Past 10 Years
Min: 0.05  Med: 0.40 Max: 7.56
Current: 0.53
0.05
7.56
Equity to Asset 0.61
NOV's Equity to Asset is ranked higher than
66% of the 258 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.49 vs. NOV: 0.61 )
Ranked among companies with meaningful Equity to Asset only.
NOV' s Equity to Asset Range Over the Past 10 Years
Min: 0.15  Med: 0.59 Max: 0.71
Current: 0.61
0.15
0.71
F-Score: 5
Z-Score: 2.41
M-Score: -2.65
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) -2.64
NOV's Operating margin (%) is ranked lower than
68% of the 261 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 3.54 vs. NOV: -2.64 )
Ranked among companies with meaningful Operating margin (%) only.
NOV' s Operating margin (%) Range Over the Past 10 Years
Min: 10.27  Med: 18.96 Max: 21.73
Current: -2.64
10.27
21.73
Net-margin (%) -5.21
NOV's Net-margin (%) is ranked lower than
63% of the 261 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.10 vs. NOV: -5.21 )
Ranked among companies with meaningful Net-margin (%) only.
NOV' s Net-margin (%) Range Over the Past 10 Years
Min: 6.18  Med: 12.86 Max: 14.53
Current: -5.21
6.18
14.53
ROE (%) -4.13
NOV's ROE (%) is ranked lower than
61% of the 257 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.21 vs. NOV: -4.13 )
Ranked among companies with meaningful ROE (%) only.
NOV' s ROE (%) Range Over the Past 10 Years
Min: 10.5  Med: 11.81 Max: 22.89
Current: -4.13
10.5
22.89
ROA (%) -2.50
NOV's ROA (%) is ranked lower than
62% of the 263 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.54 vs. NOV: -2.50 )
Ranked among companies with meaningful ROA (%) only.
NOV' s ROA (%) Range Over the Past 10 Years
Min: 6.2  Med: 7.85 Max: 12.65
Current: -2.5
6.2
12.65
ROC (Joel Greenblatt) (%) -5.44
NOV's ROC (Joel Greenblatt) (%) is ranked lower than
69% of the 261 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 3.92 vs. NOV: -5.44 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
NOV' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: 27.93  Med: 49.26 Max: 83.56
Current: -5.44
27.93
83.56
Revenue Growth (3Y)(%) 13.00
NOV's Revenue Growth (3Y)(%) is ranked higher than
72% of the 223 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 4.90 vs. NOV: 13.00 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
NOV' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -14.5  Med: 14.15 Max: 31.9
Current: 13
-14.5
31.9
EBITDA Growth (3Y)(%) 7.10
NOV's EBITDA Growth (3Y)(%) is ranked higher than
51% of the 192 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 6.90 vs. NOV: 7.10 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
NOV' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -22.6  Med: 11.00 Max: 74.5
Current: 7.1
-22.6
74.5
EPS Growth (3Y)(%) 6.60
NOV's EPS Growth (3Y)(%) is ranked higher than
52% of the 148 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 3.80 vs. NOV: 6.60 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
NOV' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -45.8  Med: 12.60 Max: 79.7
Current: 6.6
-45.8
79.7
» NOV's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2015

NOV Guru Trades in Q1 2015

John Hussman 50,000 sh (New)
Paul Tudor Jones 13,300 sh (New)
Jim Simons 660,010 sh (New)
Ron Baron 445,596 sh (+17422.45%)
David Dreman 8,842 sh (+100.91%)
John Rogers 1,322,575 sh (+82.95%)
Robert Olstein 172,000 sh (+79.17%)
David Rolfe 6,961,169 sh (+46.66%)
First Eagle Investment 16,949,281 sh (+25.18%)
Jeremy Grantham 4,864 sh (+22.70%)
Sarah Ketterer 2,341,046 sh (+21.36%)
Tom Gayner 575,000 sh (+21.05%)
Joel Greenblatt 283,261 sh (+8.92%)
Dodge & Cox 14,572,351 sh (+2.12%)
Tweedy Browne Global Value 132,900 sh (unchged)
Chuck Royce 6,000 sh (unchged)
Larry Robbins 2,613,531 sh (unchged)
Louis Moore Bacon 100,000 sh (unchged)
Louis Moore Bacon 100,000 sh (unchged)
Frank Sands Sold Out
Pioneer Investments Sold Out
Tweedy Browne 369,643 sh (-0.33%)
PRIMECAP Management 1,777,750 sh (-1.63%)
Bill Nygren 3,040,000 sh (-14.12%)
Mario Gabelli 21,600 sh (-20.88%)
Warren Buffett 1,978,895 sh (-62.37%)
Ray Dalio 13,665 sh (-75.20%)
» More
Q2 2015

NOV Guru Trades in Q2 2015

Steven Cohen 385,000 sh (New)
Bruce Berkowitz 1,131,800 sh (New)
Manning & Napier Advisors, Inc 45,994 sh (New)
Ray Dalio 56,065 sh (+310.28%)
Dodge & Cox 19,173,522 sh (+31.57%)
John Rogers 1,609,630 sh (+21.70%)
Sarah Ketterer 2,774,893 sh (+18.53%)
Jeremy Grantham 5,724 sh (+17.68%)
David Rolfe 7,401,742 sh (+6.33%)
Tom Gayner 610,000 sh (+6.09%)
First Eagle Investment 16,960,449 sh (+0.07%)
John Hussman 50,000 sh (unchged)
Tweedy Browne Global Value 132,900 sh (unchged)
John Burbank 50,000 sh (unchged)
Steven Cohen 415,000 sh (unchged)
Bill Nygren 3,040,000 sh (unchged)
Paul Tudor Jones Sold Out
Chuck Royce Sold Out
Ron Baron Sold Out
Jim Simons Sold Out
Warren Buffett Sold Out
David Dreman Sold Out
Tweedy Browne 365,403 sh (-1.15%)
Joel Greenblatt 274,305 sh (-3.16%)
PRIMECAP Management 1,692,545 sh (-4.79%)
Larry Robbins 2,062,131 sh (-21.10%)
Mario Gabelli 15,850 sh (-26.62%)
Robert Olstein 113,000 sh (-34.30%)
» More
Q3 2015

NOV Guru Trades in Q3 2015

Mason Hawkins 3,494,843 sh (New)
John Buckingham 120,371 sh (New)
Jeremy Grantham 31,213 sh (+445.30%)
Bruce Berkowitz 1,653,800 sh (+46.12%)
Robert Olstein 163,000 sh (+44.25%)
Mario Gabelli 21,770 sh (+37.35%)
First Eagle Investment 21,147,827 sh (+24.69%)
Bill Nygren 3,580,000 sh (+17.76%)
Steven Cohen 450,000 sh (+16.88%)
Dodge & Cox 21,682,683 sh (+13.09%)
Joel Greenblatt 293,336 sh (+6.94%)
John Rogers 1,666,128 sh (+3.51%)
Larry Robbins 2,080,231 sh (+0.88%)
John Hussman 50,000 sh (unchged)
Tom Gayner 610,000 sh (unchged)
Steven Cohen 250,000 sh (unchged)
Ray Dalio Sold Out
Tweedy Browne Global Value Sold Out
Sarah Ketterer 2,710,335 sh (-2.33%)
David Rolfe 7,084,117 sh (-4.29%)
PRIMECAP Management 1,539,795 sh (-9.02%)
Manning & Napier Advisors, Inc 39,884 sh (-13.28%)
Tweedy Browne 54,299 sh (-85.14%)
» More
Q4 2015

NOV Guru Trades in Q4 2015

Mario Gabelli 24,670 sh (+13.32%)
John Hussman Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with NOV

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Guru Investment Theses on National Oilwell Varco Inc

Wedgewood Partners Comments on National Oilwell Varco - Jan 18, 2016

During the quarter, we exited our investments in National Oilwell Varco (NYSE:NOV) (Varco). Varco continues to dominate the market for supplying offshore rigs with comprehensive drilling packages and equipment. However, over the past few years we have seen dual industry headwinds hit Varco's customers particularly hard in the form of prohibitively high offshore development costs, combined with a continuous flood of OPEC’s low-cost oil supply. We concluded that the Company's customers - offshore drilling contractors, national oil companies and international oil companies - were systematically shifting their budgets away from offshore, towards onshore development, increasing the risk of another three to maybe even five years of low or negative earnings growth. In addition, while the company continues to have dominant market share, particularly in providing new and aftermarket equipment to offshore drilling rigs, we think this addressable market has the potential to contract for several years as cheap oil from OPEC countries crowds out higher-cost sources of marginal production, especially for non-OPEC offshore producers.



Varco's stock is no doubt cheap, at least based on the previous cycle’s earnings power, but we think the secular shift away from offshore exploration and development continues for a few more years, which makes the previous cycle difficult to use as a comparable. Further, Varco's exceptional financial strength affords them ample leverage to buy distressed assets, but in our view there are not many opportunities for them to grow their lucrative rig-tech businesses, where they have dominant market share. While Varco's long-term competitive strategy is heavily contingent on M&A, we have yet to see a material slow down in the availability of cheap capital to the sector, which has conspired to keep target asking prices above where Varco is willing to bid. In the meantime, management has signaled a less aggressive stance on share buybacks, despite what we think is a particularly attractive historical valuation, as they bide their time and husband capital for M&A. If the Company manages to close in on an attractive target to offset the long -term risk of offshore rig technology business, we will likely revisit Varco as an investment idea. However, we are skeptical that attractive returns are available, given the abundance of competing capital and the Company's already dominant position in rig technology.



From Wedgewood Partners' fourth quarter 2015 client letter.



Check out David Rolfe latest stock trades

Southeastern Asset Management Comments on National Oilwell Varco - Oct 22, 2015

We also initiated a position via options in National Oilwell Varco (NYSE:NOV), the leading global provider of equipment used in offshore and land drilling. Fear of a prolonged downturn in deep water rig orders is more than accounted for in the current price and is giving us an opportunity to invest in a high-quality franchise during a cyclical trough. The company holds a dominant market position due to its scale, trusted brands, and large installed base of equipment. Shareholders are benefitting from a 5% dividend yield while waiting for the rig building cycle to resume. Additionally, CEO Clay Williams is a strong capital allocator who we believe should continue to build value through share repurchases and acquisitions of distressed companies.

From Mason Hawkins (Trades, Portfolio)' Longleaf Partners third quarter 2015 shareholder commentary.

Check out Mason Hawkins latest stock trades

Top Ranked Articles about National Oilwell Varco Inc

Wedgewood Partners Comments on National Oilwell Varco Guru stock highlight
During the quarter, we exited our investments in National Oilwell Varco (NYSE:NOV) (Varco). Varco continues to dominate the market for supplying offshore rigs with comprehensive drilling packages and equipment. However, over the past few years we have seen dual industry headwinds hit Varco's customers particularly hard in the form of prohibitively high offshore development costs, combined with a continuous flood of OPEC’s low-cost oil supply. We concluded that the Company's customers - offshore drilling contractors, national oil companies and international oil companies - were systematically shifting their budgets away from offshore, towards onshore development, increasing the risk of another three to maybe even five years of low or negative earnings growth. In addition, while the company continues to have dominant market share, particularly in providing new and aftermarket equipment to offshore drilling rigs, we think this addressable market has the potential to contract for several years as cheap oil from OPEC countries crowds out higher-cost sources of marginal production, especially for non-OPEC offshore producers. Read more...
Stocks With the Highest Dividend Yield in Berkowitz’s Portfolio National Oilwell Varco, IBM and Canadian Natural Resources top the list
Bruce Berkowitz (Trades, Portfolio) is the founder and the managing member of Fairholme Capital Management. He focuses investments on companies that have exceptional management, generate free cash and are cheaply priced. Read more...
Bruce Berkowitz Buys Citigroup, National Oilwell Varco in 3rd Quarter The guru bought 9 new holdings, including IBM and Lands' End
Bruce Berkowitz (Trades, Portfolio) is the founder and the managing member of the Fairholme Fund (Trades, Portfolio). He concentrates his investments in a relatively small number of companies. Read more...
Southeastern Asset Management Comments on National Oilwell Varco Guru stock highlight
We also initiated a position via options in National Oilwell Varco (NYSE:NOV), the leading global provider of equipment used in offshore and land drilling. Fear of a prolonged downturn in deep water rig orders is more than accounted for in the current price and is giving us an opportunity to invest in a high-quality franchise during a cyclical trough. The company holds a dominant market position due to its scale, trusted brands, and large installed base of equipment. Shareholders are benefitting from a 5% dividend yield while waiting for the rig building cycle to resume. Additionally, CEO Clay Williams is a strong capital allocator who we believe should continue to build value through share repurchases and acquisitions of distressed companies. Read more...
20 Questions With Bill Nygren - Part II
10. How did you begin your career as an investor and what steps did you take to become as successful as you are today? Also, what made you want to become an investor? Read more...
Rolfe Adds One Company to Portfolio in Fourth Quarter
Guru David Rolfe (Trades, Portfolio), CFA and chief investment officer of Wedgewood Partners, has a small portfolio compared to many gurus, but he adheres to Westwood’s investment philosophy – significant long-term wealth can be created by investing as "owners" in companies. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 8.25
NOV's P/E(ttm) is ranked higher than
65% of the 237 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 11.62 vs. NOV: 8.25 )
Ranked among companies with meaningful P/E(ttm) only.
NOV' s P/E(ttm) Range Over the Past 10 Years
Min: 3.87  Med: 13.06 Max: 37.69
Current: 8.25
3.87
37.69
Forward P/E 33.33
NOV's Forward P/E is ranked lower than
81% of the 250 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 17.30 vs. NOV: 33.33 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 8.34
NOV's PE(NRI) is ranked higher than
67% of the 174 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 11.81 vs. NOV: 8.34 )
Ranked among companies with meaningful PE(NRI) only.
NOV' s PE(NRI) Range Over the Past 10 Years
Min: 3.87  Med: 13.40 Max: 37.18
Current: 8.34
3.87
37.18
P/B 0.61
NOV's P/B is ranked lower than
59% of the 316 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.54 vs. NOV: 0.61 )
Ranked among companies with meaningful P/B only.
NOV' s P/B Range Over the Past 10 Years
Min: 0.59  Med: 1.45 Max: 3.97
Current: 0.61
0.59
3.97
P/S 0.62
NOV's P/S is ranked lower than
76% of the 316 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.44 vs. NOV: 0.62 )
Ranked among companies with meaningful P/S only.
NOV' s P/S Range Over the Past 10 Years
Min: 0.56  Med: 1.51 Max: 2.73
Current: 0.62
0.56
2.73
PFCF 12.53
NOV's PFCF is ranked lower than
70% of the 229 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 7.80 vs. NOV: 12.53 )
Ranked among companies with meaningful PFCF only.
NOV' s PFCF Range Over the Past 10 Years
Min: 3.88  Med: 15.82 Max: 606.27
Current: 12.53
3.88
606.27
POCF 7.65
NOV's POCF is ranked lower than
84% of the 316 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 3.05 vs. NOV: 7.65 )
Ranked among companies with meaningful POCF only.
NOV' s POCF Range Over the Past 10 Years
Min: 3.25  Med: 12.39 Max: 236.36
Current: 7.65
3.25
236.36
EV-to-EBIT 6.22
NOV's EV-to-EBIT is ranked higher than
75% of the 288 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 11.92 vs. NOV: 6.22 )
Ranked among companies with meaningful EV-to-EBIT only.
NOV' s EV-to-EBIT Range Over the Past 10 Years
Min: 2.4  Med: 8.70 Max: 35.7
Current: 6.22
2.4
35.7
EV-to-EBITDA 4.50
NOV's EV-to-EBITDA is ranked higher than
69% of the 316 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 6.26 vs. NOV: 4.50 )
Ranked among companies with meaningful EV-to-EBITDA only.
NOV' s EV-to-EBITDA Range Over the Past 10 Years
Min: 2.1  Med: 7.30 Max: 28.3
Current: 4.5
2.1
28.3
PEG 0.94
NOV's PEG is ranked higher than
52% of the 64 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.95 vs. NOV: 0.94 )
Ranked among companies with meaningful PEG only.
NOV' s PEG Range Over the Past 10 Years
Min: 0.06  Med: 1.04 Max: 2.78
Current: 0.94
0.06
2.78
Shiller P/E 6.08
NOV's Shiller P/E is ranked higher than
65% of the 116 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 9.88 vs. NOV: 6.08 )
Ranked among companies with meaningful Shiller P/E only.
NOV' s Shiller P/E Range Over the Past 10 Years
Min: 6.32  Med: 20.63 Max: 75.98
Current: 6.08
6.32
75.98
Current Ratio 2.49
NOV's Current Ratio is ranked higher than
68% of the 260 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.77 vs. NOV: 2.49 )
Ranked among companies with meaningful Current Ratio only.
NOV' s Current Ratio Range Over the Past 10 Years
Min: 1.63  Med: 2.50 Max: 4.34
Current: 2.49
1.63
4.34
Quick Ratio 1.49
NOV's Quick Ratio is ranked higher than
51% of the 260 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 1.46 vs. NOV: 1.49 )
Ranked among companies with meaningful Quick Ratio only.
NOV' s Quick Ratio Range Over the Past 10 Years
Min: 1.03  Med: 1.49 Max: 2.13
Current: 1.49
1.03
2.13
Days Inventory 163.96
NOV's Days Inventory is ranked lower than
82% of the 204 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 46.52 vs. NOV: 163.96 )
Ranked among companies with meaningful Days Inventory only.
NOV' s Days Inventory Range Over the Past 10 Years
Min: 91.5  Med: 130.16 Max: 150.8
Current: 163.96
91.5
150.8
Days Sales Outstanding 72.37
NOV's Days Sales Outstanding is ranked lower than
53% of the 220 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 68.25 vs. NOV: 72.37 )
Ranked among companies with meaningful Days Sales Outstanding only.
NOV' s Days Sales Outstanding Range Over the Past 10 Years
Min: 16.79  Med: 92.34 Max: 116.4
Current: 72.37
16.79
116.4
Days Payable 19.72
NOV's Days Payable is ranked lower than
85% of the 165 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 49.33 vs. NOV: 19.72 )
Ranked among companies with meaningful Days Payable only.
NOV' s Days Payable Range Over the Past 10 Years
Min: 27.76  Med: 60.08 Max: 117.51
Current: 19.72
27.76
117.51

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 6.73
NOV's Dividend Yield is ranked higher than
63% of the 317 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 4.76 vs. NOV: 6.73 )
Ranked among companies with meaningful Dividend Yield only.
NOV' s Dividend Yield Range Over the Past 10 Years
Min: 0.24  Med: 0.85 Max: 6.46
Current: 6.73
0.24
6.46
Dividend Payout 0.55
NOV's Dividend Payout is ranked higher than
69% of the 157 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.75 vs. NOV: 0.55 )
Ranked among companies with meaningful Dividend Payout only.
NOV' s Dividend Payout Range Over the Past 10 Years
Min: 0.08  Med: 0.11 Max: 1.12
Current: 0.55
0.08
1.12
Dividend Growth (3y) 53.90
NOV's Dividend Growth (3y) is ranked higher than
94% of the 93 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 10.10 vs. NOV: 53.90 )
Ranked among companies with meaningful Dividend Growth (3y) only.
NOV' s Dividend Growth (3y) Range Over the Past 10 Years
Min: 0  Med: 0.00 Max: 69.8
Current: 53.9
0
69.8
Forward Dividend Yield 6.48
NOV's Forward Dividend Yield is ranked higher than
61% of the 280 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 5.21 vs. NOV: 6.48 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 67.95
NOV's Yield on cost (5-Year) is ranked higher than
97% of the 316 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 6.80 vs. NOV: 67.95 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
NOV' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 2.52  Med: 8.94 Max: 67.95
Current: 67.95
2.52
67.95
3-Year Average Share Buyback Ratio -0.50
NOV's 3-Year Average Share Buyback Ratio is ranked higher than
72% of the 192 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: -2.30 vs. NOV: -0.50 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
NOV' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -27.8  Med: -5.65 Max: -0.5
Current: -0.5
-27.8
-0.5

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 7.32
NOV's Price/Net Current Asset Value is ranked lower than
70% of the 158 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 3.42 vs. NOV: 7.32 )
Ranked among companies with meaningful Price/Net Current Asset Value only.
NOV' s Price/Net Current Asset Value Range Over the Past 10 Years
Min: 3.54  Med: 9.27 Max: 3998
Current: 7.32
3.54
3998
Price/Tangible Book 1.92
NOV's Price/Tangible Book is ranked lower than
84% of the 315 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.76 vs. NOV: 1.92 )
Ranked among companies with meaningful Price/Tangible Book only.
NOV' s Price/Tangible Book Range Over the Past 10 Years
Min: 1.96  Med: 4.07 Max: 15.87
Current: 1.92
1.96
15.87
Price/Projected FCF 0.36
NOV's Price/Projected FCF is ranked higher than
77% of the 232 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.81 vs. NOV: 0.36 )
Ranked among companies with meaningful Price/Projected FCF only.
NOV' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.46  Med: 1.01 Max: 3.5
Current: 0.36
0.46
3.5
Price/Median PS Value 0.43
NOV's Price/Median PS Value is ranked lower than
52% of the 315 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 9999.00 vs. NOV: 0.43 )
Ranked among companies with meaningful Price/Median PS Value only.
NOV' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.31  Med: 0.90 Max: 1.77
Current: 0.43
0.31
1.77
Price/Graham Number 0.86
NOV's Price/Graham Number is ranked higher than
50% of the 268 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 0.86 vs. NOV: 0.86 )
Ranked among companies with meaningful Price/Graham Number only.
NOV' s Price/Graham Number Range Over the Past 10 Years
Min: 0.77  Med: 1.72 Max: 17.6
Current: 0.86
0.77
17.6
Earnings Yield (Greenblatt) (%) 16.11
NOV's Earnings Yield (Greenblatt) (%) is ranked higher than
80% of the 261 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 4.60 vs. NOV: 16.11 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
NOV' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 2.8  Med: 11.40 Max: 41.7
Current: 16.11
2.8
41.7
Forward Rate of Return (Yacktman) (%) 17.40
NOV's Forward Rate of Return (Yacktman) (%) is ranked higher than
74% of the 134 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 2.67 vs. NOV: 17.40 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
NOV' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: 9.1  Med: 18.80 Max: 72.7
Current: 17.4
9.1
72.7

More Statistics

Revenue(Mil) $14757
EPS $ -2.15
Beta0.71
Short Percentage of Float9.69%
52-Week Range $26.10 - 56.64
Shares Outstanding(Mil)375.75

Analyst Estimate

Dec16 Dec17 Dec18
Revenue(Mil) 10,405 10,636 13,140
EPS($) 1.08 1.48 2.10
EPS without NRI($) 1.08 1.48 2.10

Latest Earnings Webcast

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Business Description

Industry: Oil & Gas - Services » Oil & Gas Equipment & Services
Compare:SPN, GLF, HAL, SAPMY, CAM » details
Traded in other countries:NO8.Germany, NOV.Mexico,
National Oilwell Varco Inc was incorporated in Delaware on July 24, 1996. The Company is a provider in the design, manufacture and sale of equipment and components used in oil and gas drilling, completion and production operations, and the provision of oilfield services to the upstream oil and gas industry. The Company conducts operations in approximately 900 locations across six continents. The Company operates through four reporting segments: Rig Systems, Rig Aftermarket, Wellbore Technologies and Completion & Production Solutions. The Company's Rig Systems segment makes and supports the capital equipment and integrated systems needed to drill oil and gas wells on land and offshore. The segment designs, manufactures and sells land rigs, offshore drilling equipment packages, including installation and commissioning services, and drilling rig components that mechanize and automate the drilling process and rig functionality. Equipment and technologies in Rig Systems include: substructures, derricks, and masts; cranes; pipe lifting, racking, rotating, and assembly systems; fluid transfer technologies, such as mud pumps; pressure control equipment, including blowout preventers; power transmission systems, including drives and generators; and rig instrumentation and control systems. The Company's Rig Aftermarket segment provides comprehensive aftermarket products and services to support land and offshore rigs, and drilling rig components manufactured by the Company's Rig Systems segment. The segment provides spare parts, repair, and rentals as well as technical support, field service and first well support, field engineering, and customer training through a network of aftermarket service and repair facilities strategically located in major areas of drilling operations. The Company's Wellbore Technologies segment designs, manufactures, rents, and sells a variety of equipment and technologies used to perform drilling operations, and offers services that optimize their performance, including: solids control and waste management equipment and services, drilling fluids, premium drill pipe, wired pipe, tubular inspection and coating services, instrumentation, downhole tools, and drill bits. Wellbore Technologies focuses on oil and gas companies and supports drilling contractors, oilfield service companies, and oilfield equipment rental companies. The Company's Completion & Production Solutions segment integrates technologies for well completions and oil and gas production. The segment designs, manufactures, and sells equipment and technologies needed for hydraulic fracture stimulation, including pressure pumping trucks and pumps, blenders, sanders, hydration units, injection units, flowline, manifolds and wellheads; well intervention, including coiled tubing units, coiled tubing, and wireline units and tools; onshore production, including composite pipe, surface transfer and progressive cavity pumps, and artificial lift systems; and, offsh
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Headlines

Articles On GuruFocus.com
Longleaf Partners Comments on Murphy Oil Jan 22 2016 
Dodge & Cox Stock Fund 2015 Commentary Jan 18 2016 
Wedgewood Partners Comments on National Oilwell Varco Jan 18 2016 
Wedgewood Partners 4th Quarter Client Letter: 'Back to Our Regularly Scheduled Stock Market' Jan 15 2016 
Now Inc. Could Be Multi-Bagger Over Next Decade Jan 12 2016 
Microsoft, Intel and National Oilwell Varco Have High Dividend Yields in Bill Nygren's Portfolio Dec 17 2015 
Oil Stocks the Most Gurus Are Buying Dec 16 2015 
3 Favorite Stocks in Bruce Berkowitz’s Portfolio Dec 05 2015 
Stocks With the Highest Dividend Yield in Berkowitz’s Portfolio Nov 24 2015 
Bruce Berkowitz Buys Citigroup, National Oilwell Varco in 3rd Quarter Nov 19 2015 

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Offshore Drillers: It's a Mad, Mad, Mad, Mad World Feb 09 2016
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Analysts Keep Taming National Oilwell Varco Targets Feb 06 2016
Wall Street Forecasts: Most Analysts Give NOV a ‘Hold’ Rating Feb 05 2016
Here’s what CEOs said on this week’s earnings calls Feb 05 2016
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National Oilwell Varco: Energy Market Recovery is Uncertain Feb 04 2016
National Oilwell Varco’s 4Q15 Earnings 47% Lower than Estimates Feb 04 2016
National Oilwell Varco, Inc. Earnings Analysis: 2015 By the Numbers Feb 04 2016
Rising Tide in Oil Does Not Lift All Boats; Stragglers Sink to Bottom of S&P 500 Feb 03 2016
National Oilwell (NOV) Stock Sinks on Earnings Miss Feb 03 2016
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National Oilwell Varco reports loss, job cuts for 2015 Feb 03 2016
[$$] National Oilwell Varco Shares Fall on Loss Feb 03 2016
Edited Transcript of NOV earnings conference call or presentation 3-Feb-16 2:00pm GMT Feb 03 2016

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