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NOV (BSP:N1OV34) Cyclically Adjusted Revenue per Share : R$143.59 (As of Mar. 2025)


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What is NOV Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

NOV's adjusted revenue per share for the three months ended in Mar. 2025 was R$31.617. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is R$143.59 for the trailing ten years ended in Mar. 2025.

During the past 12 months, NOV's average Cyclically Adjusted Revenue Growth Rate was -13.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -8.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -5.70% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -2.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of NOV was 13.50% per year. The lowest was -8.40% per year. And the median was 4.00% per year.

As of today (2025-05-31), NOV's current stock price is R$69.45. NOV's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was R$143.59. NOV's Cyclically Adjusted PS Ratio of today is 0.48.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of NOV was 1.39. The lowest was 0.25. And the median was 0.66.


NOV Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for NOV's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NOV Cyclically Adjusted Revenue per Share Chart

NOV Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 168.75 185.09 191.76 144.55 153.79

NOV Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 132.60 148.66 151.09 153.79 143.59

Competitive Comparison of NOV's Cyclically Adjusted Revenue per Share

For the Oil & Gas Equipment & Services subindustry, NOV's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


NOV's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, NOV's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where NOV's Cyclically Adjusted PS Ratio falls into.


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NOV Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, NOV's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=31.617/134.9266*134.9266
=31.617

Current CPI (Mar. 2025) = 134.9266.

NOV Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 31.350 100.684 42.012
201509 33.869 100.392 45.520
201512 28.397 99.792 38.395
201603 21.586 100.470 28.989
201606 15.739 101.688 20.884
201609 14.241 101.861 18.864
201612 14.974 101.863 19.834
201703 14.481 102.862 18.995
201706 15.376 103.349 20.074
201709 15.247 104.136 19.755
201712 17.209 104.011 22.324
201803 15.612 105.290 20.006
201806 20.844 106.317 26.453
201809 23.107 106.507 29.273
201812 24.636 105.998 31.360
201903 19.608 107.251 24.668
201906 21.519 108.070 26.867
201909 22.927 108.329 28.556
201912 24.509 108.420 30.501
202003 24.023 108.902 29.764
202006 20.161 108.767 25.010
202009 19.412 109.815 23.851
202012 17.779 109.897 21.828
202103 18.281 111.754 22.072
202106 18.460 114.631 21.728
202109 18.292 115.734 21.325
202112 22.224 117.630 25.492
202203 19.906 121.301 22.142
202206 22.182 125.017 23.940
202209 25.204 125.227 27.156
202212 27.390 125.222 29.513
202303 25.806 127.348 27.342
202306 25.718 128.729 26.956
202309 27.250 129.860 28.313
202312 28.701 129.419 29.922
202403 27.031 131.776 27.677
202406 30.064 132.554 30.602
202409 30.717 133.029 31.155
202412 35.830 133.157 36.306
202503 31.617 134.927 31.617

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


NOV  (BSP:N1OV34) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

NOV's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=69.45/143.59
=0.48

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of NOV was 1.39. The lowest was 0.25. And the median was 0.66.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


NOV Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of NOV's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


NOV Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » NOV Inc (BSP:N1OV34) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
10353 Richmond Avenue, Houston, TX, USA, 77042-4103
NOV (formerly National Oilwell Varco) is a leading supplier of oil and gas drilling rig equipment and products, such as downhole tools, drill pipe, and well casing. The company operates on a global scale, with international markets contributing nearly two thirds of its annual revenue.

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