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NOVSTU:NO8 74 EV-to-FCF is 11.18 as of Jul. 15, 2026, which is 4% below its 10-year median of 11.59. GuruFocus rates STU:NO8 with a GF Score™ of 74/100 and a GF Value™ of €16.24 (Fairly Valued). The stock has 9 warning signs investors should review. Among 580 Oil & Gas companies, NOV ranks better than 65.52% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, NOV's Enterprise Value is €7,007 Mil.
NOV's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €627 Mil. Therefore, NOV's EV-to-FCF for today is 11.18.
The historical rank and industry rank for NOV's EV-to-FCF or its related term are showing as below:
STU:NO8'
s EV-to-FCF Range Over the Past 10 Years
Min: -365.02 Med: 11.59 Max: 539.05
Current: 10.87
During the past 13 years, the highest EV-to-FCF of NOV was 539.05. The lowest was -365.02. And the median was 11.59.
STU:NO8's EV-to-FCF is ranked better than 65.52% of 580
companies
in the Oil & Gas industry
Industry Median: 15.64
vs STU:NO8: 10.87
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
As of today (2026-07-15), NOV's stock price is €16.80.
NOV's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was €0.209. Therefore, NOV's PE Ratio (TTM) for today is 80.38.
NOV (STU:NO8) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
NOV's share price for today is €16.80.
NOV's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.209.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
NOV EV-to-FCF Related Terms
NOV EV-to-FCF Historical Data
* Premium members only.
The historical data trend for NOV's EV-to-FCF 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.
For the Oil & Gas Equipment & Services subindustry, NOV's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NOV's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where NOV's EV-to-FCF falls into.
NOV's current Enterprise Value is €7,007 Mil.
NOV's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €627 Mil.
* 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.
NOV (STU:NO8) has a EV-to-FCF of 11.18 as of Jul. 15, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on NOV and its competitors. This is near median its historical median of 11.59. According to the industry distribution chart, NOV ranks #200 out of 580 companies in the Oil & Gas industry, placing it in the top 34.5%.
Is NOV's EV-to-FCF too high?
NOV's current EV-to-FCF of 11.18 is near median its 10-year median of 11.59. The Oil & Gas industry median EV-to-FCF is 15.64. NOV's value of 11.18 is 28.5% below this industry median. Based on the distribution chart, NOV ranks #200 out of 580 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, NOV has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NOV's EV-to-FCF compare to AROC and WFRD?
According to the Oil & Gas industry distribution chart, NOV ranks #200 out of 580 companies for EV-to-FCF. This puts NOV in the upper half of its industry. The industry median EV-to-FCF is 15.64. NOV's value of 11.18 is 28.5% below this benchmark. While the company's 10-year median is 11.59 vs. the industry median of 15.64, NOV has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 15.64, based on 580 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NOV's current EV-to-FCF of 11.18 is 28.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on NOV and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 15.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NOV's current EV-to-FCF is 11.18, which is near median its own 10-year median of 11.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NOV stock overvalued right now?
Based on GuruFocus' analysis, NOV (STU:NO8) is currently considered Fairly Valued. The stock's GF Value™ is €16.24, compared to a current price of €16.80 — trading 3.4% above its estimated fair value. The current EV-to-FCF is 11.18, which is near median its 10-year median of 11.59 and 28.5% below the Oil & Gas industry median of 15.64. NOV's overall GF Score™ is 74/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For NOV (STU:NO8), the current EV-to-FCF is 11.18 as of Jul. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is NOV (STU:NO8) Overvalued in 2026?
Based on GuruFocus' analysis, NOV stock appears to be overvalued.
The current stock price of €16.80 is trading 3.4% above its estimated GF Value™ of €16.24.
GuruFocus considers NOV to be Fairly Valued.
Key valuation signals for STU:NO8:
EV-to-FCF: 11.18 (near median its 10-year median of 11.59)
GF Value™: €16.24 vs. price of €16.80 (3.4% above fair value)
Industry Position: 28.5% below the Oil & Gas median (#200 of 580)
No single metric tells the full story. See the STU:NO8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NOV (formerly National Oilwell Varco) designs, manufactures, and sells a wide range of equipment and components supplying the oil and gas industry, including rig equipment, downhole tools, drill pipe, and well casing. NOV's customers include major integrated oil companies, national oil companies, independent oil and gas companies, and drilling contractors. Its operations are organized into two reportable segments: energy products and services and energy equipment. NOV operates on a global scale, with international markets contributing nearly two-thirds of its annual revenue.
74GF Score
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