NOVMEX:NOV 72 Net Current Asset Value is MXN39.54 as of Mar. 2026, which is 100% below its 10-year median of 12.18. GuruFocus rates MEX:NOV with a GF Score™ of 72/100 and a GF Value™ of MXN316.74. The stock has 5 warning signs investors should review. Among 297 Oil & Gas companies, NOV ranks worse than 67.34% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
NOV's net current asset value per share for the quarter that ended in Mar. 2026 was MXN39.54.
The historical rank and industry rank for NOV's Net Current Asset Value or its related term are showing as below:
MEX:NOV'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.03 Med: 12.18 Max: 22.54
Current: 8.42
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of NOV was 22.54. The lowest was 5.03. And the median was 12.18.
MEX:NOV's Price-to-Net-Current-Asset-Value is ranked worse than 67.34% of 297
companies
in the Oil & Gas industry
Industry Median: 3.82
vs MEX:NOV: 8.42
NOV (MEX:NOV) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
NOV Net Current Asset Value Related Terms
NOV Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for NOV's Net Current Asset Value 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.
MEX:NOV vs AROC, WFRD, KGS: Net Current Asset Value Comparison
For the Oil & Gas Equipment & Services subindustry, NOV's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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 Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NOV's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where NOV's Price-to-Net-Current-Asset-Value falls into.
* 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.
What does a Net Current Asset Value of MXN39.54 mean?
NOV (MEX:NOV) has a Net Current Asset Value of MXN39.54 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on NOV and its competitors. This is 225% above median its historical median of 12.18. Over the past decade, NOV's Net Current Asset Value has ranged from 5.03 to 22.54. According to the industry distribution chart, NOV ranks #200 out of 297 companies in the Oil & Gas industry, placing it in the top 67.3%.
Is NOV's Net Current Asset Value too high?
NOV's current Net Current Asset Value of MXN39.54 is 225% above median its 10-year median of 12.18. Over the past 10 years, this metric has ranged from a low of 5.03 to a high of 22.54. Based on the distribution chart, NOV ranks #200 out of 297 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, NOV has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does NOV's Net Current Asset Value compare to AROC and WFRD?
According to the Oil & Gas industry distribution chart, NOV ranks #200 out of 297 companies for Net Current Asset Value. This places NOV in the lower half of its industry. The industry median Net Current Asset Value is 3.82. Historically, NOV's own Net Current Asset Value has ranged from 5.03 to 22.54 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for an Oil & Gas company?
The median Net Current Asset Value among Oil & Gas companies is 3.82, based on 297 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on NOV and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 3.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NOV's current Net Current Asset Value is MXN39.54, which is 225% above median its own 10-year median of 12.18. 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?
NOV (MEX:NOV) has a current Net Current Asset Value of MXN39.54. The stock's GF Value™ is MXN316.74, compared to a current price of MXN313.00 — trading 1.2% below its estimated fair value. The current Net Current Asset Value is MXN39.54, which is 225% above median its 10-year median of 12.18. NOV's overall GF Score™ is 72/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For NOV (MEX:NOV), the current Net Current Asset Value is MXN39.54 as of Mar. 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 (MEX:NOV) Overvalued in 2026?
Based on GuruFocus' analysis, NOV stock appears to be undervalued.
The current stock price of MXN313.00 is trading 1.2% below its estimated GF Value™ of MXN316.74.
Key valuation signals for MEX:NOV:
Net Current Asset Value: MXN39.54 (225% above median its 10-year median of 12.18)
GF Value™: MXN316.74 vs. price of MXN313.00 (1.2% below fair value)
No single metric tells the full story. See the MEX:NOV 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.
72GF Score
Get the complete analysis for MEX:NOV
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:NOV has been successfully added to your 
