NOV (MEX:NOV) Total Operating Expense: MXN22,689 Mil (TTM As of Mar. 2026)


MEX:NOV NOV Inc MEX:NOV
72 GF Score
Price MXN313.00
GF Value MXN323.94
! 5 Warning Signs
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What is NOV Total Operating Expense?

NOV MEX:NOV 72 Total Operating Expense is MXN22,689 Mil as of Mar. 2026. GuruFocus rates MEX:NOV with a GF Score™ of 72/100 and a GF Value™ of MXN323.94. The stock has 5 warning signs investors should review.

NOV's Total Operating Expense for the three months ended in Mar. 2026 was MXN5,987 Mil. NOV's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was MXN22,689 Mil.

NOV Total Operating Expense Related Terms

NOV Total Operating Expense Historical Data

* Premium members only.

The historical data trend for NOV's Total Operating Expense 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 Total Operating Expense Chart

NOV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18,626.71 20,860.72 20,063.56 23,650.36 21,660.86

NOV Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense 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 6,035.17 5,705.25 5,594.98 5,401.71 5,986.86
MEX:NOV
72GF Score
NOV Inc MEX:NOV
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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NOV Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense 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 MXN22,689 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.

What does a Total Operating Expense of MXN22,689 Mil mean?
NOV (MEX:NOV) has a Total Operating Expense of MXN22,689 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on NOV and its competitors.
Is NOV's Total Operating Expense too high?
NOV's current Total Operating Expense is MXN22,689 Mil. Overall, NOV has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does NOV's Total Operating Expense compare to AROC and WFRD?
NOV's Total Operating Expense of MXN22,689 Mil 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 Total Operating Expense for an Oil & Gas company?
A good Total Operating Expense depends on the Oil & Gas industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on NOV and its competitors. NOV's current Total Operating Expense is MXN22,689 Mil. 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 Total Operating Expense of MXN22,689 Mil. The stock's GF Value™ is MXN323.94, compared to a current price of MXN313.00 — trading 3.4% below its estimated fair value. The current Total Operating Expense is MXN22,689 Mil. 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 Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For NOV (MEX:NOV), the current Total Operating Expense is MXN22,689 Mil 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 3.4% below its estimated GF Value™ of MXN323.94.

Key valuation signals for MEX:NOV:

  • Total Operating Expense: MXN22,689 Mil
  • GF Value™: MXN323.94 vs. price of MXN313.00 (3.4% 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 EnergyOil & Gas
Address 10353 Richmond Avenue, Houston, TX, USA, 77042-4103
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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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN313.00
Price
MXN323.94
GF Value