NOV (MEX:NOV) ROE % Adjusted to Book Value: 1.21% (As of Mar. 2026)

NOV MEX:NOV 72 ROE % Adjusted to Book Value is 1.21% as of Mar. 2026. GuruFocus rates MEX:NOV with a GF Score™ of 72/100 and a GF Value™ of MXN314.69. The stock has 5 warning signs investors should review.

NOV's ROE % for the quarter that ended in Mar. 2026 was 1.22%. NOV's PB Ratio for the quarter that ended in Mar. 2026 was 1.01. NOV's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 1.21%.

NOV ROE % Adjusted to Book Value Related Terms

NOV ROE % Adjusted to Book Value Historical Data

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The historical data trend for NOV's ROE % Adjusted to Book 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.

NOV ROE % Adjusted to Book Value Chart

NOV Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROE % Adjusted to Book Value

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-4.18

2.09

13.65

11.98

2.65

NOV Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROE % Adjusted to Book Value	Get a 7-Day Free Trial															5.43	8.42	3.32	-6.08	1.21

MEX:NOV vs AROC, WFRD, KGS: ROE % Adjusted to Book Value Comparison

For the Oil & Gas Equipment & Services subindustry, NOV's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book 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 ROE % Adjusted to Book Value vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, NOV's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where NOV's ROE % Adjusted to Book Value falls into.

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72GF Score

NOV Inc MEX:NOV

ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.

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NOV ROE % Adjusted to Book Value Calculation

NOV's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	2.12%	/	0.80
	=	2.65%

NOV's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	1.22%	/	1.01
	=	1.21%

Frequently Asked Questions Learn more about ROE % Adjusted to Book Value →

What does a ROE % Adjusted to Book Value of 1.21% mean?

NOV (MEX:NOV) has a ROE % Adjusted to Book Value of 1.21% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on NOV and its competitors.

Is NOV's ROE % Adjusted to Book Value too high?

NOV's current ROE % Adjusted to Book Value is 1.21%. Overall, NOV has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.

How does NOV's ROE % Adjusted to Book Value compare to AROC and WFRD?

NOV's ROE % Adjusted to Book Value of 1.21% can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROE % Adjusted to Book Value for an Oil & Gas company?

A good ROE % Adjusted to Book Value depends on the Oil & Gas industry context. However, ROE % Adjusted to Book 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 ROE % Adjusted to Book Value mean?

A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on NOV and its competitors. NOV's current ROE % Adjusted to Book Value is 1.21%. 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 ROE % Adjusted to Book Value of 1.21%. The stock's GF Value™ is MXN314.69, compared to a current price of MXN313.00 — trading 0.5% below its estimated fair value. The current ROE % Adjusted to Book Value is 1.21%. 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 ROE % Adjusted to Book Value calculated?

ROE % Adjusted to Book Value is calculated from a company's financial statements. For NOV (MEX:NOV), the current ROE % Adjusted to Book Value is 1.21% 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 0.5% below its estimated GF Value™ of MXN314.69.

Key valuation signals for MEX:NOV:

ROE % Adjusted to Book Value: 1.21%
GF Value™: MXN314.69 vs. price of MXN313.00 (0.5% below fair value)
GF Score™: 72/100 with 5 warning signs

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 Business Description

Industry Energy Oil & Gas

Comparable Companies AROC WFRD KGS SEI LBRT OII USAC WHD TDW NESR SLB BKR MIL:TEN HAL FTI SZSE:002353 OSL:SUBC MIL:SPM XPAR:GTT XPAR:TE

Other Exchanges NOV:USA 0K58:UK NO8:Germany N1OV34:Brazil

Address 10353 Richmond Avenue, Houston, TX, USA, 77042-4103

Website https://www.nov.com

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

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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN313.00

Price

MXN314.69

GF Value

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