Nov Inc. (NOV) intrinsic value & 10-year financials
Nov Inc. (NOV) has a Graham intrinsic value of $2.86 per share. At $18.93 on Oct 17, 2026, the stock trades 562% above that value. Over the last 10 fiscal years revenue grew 2.1% a year to $8.7B, with an average return on invested capital of -7.0%.
- Graham intrinsic value
- $2.86
- Share price (Oct 17, 2026)
- $18.93
- Price vs Graham value
- 562% above
- Market cap
- $7.1B
- Revenue (FY2025)
- $8.7B
- Revenue growth (10-yr CAGR)
- 2.1%
- ROIC (10-yr avg)
- -7.0%
- Free cash flow (FY2025)
- $876.0M
NOV 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $8.7B | $145.0M | $0.39 | $876.0M | 5.6% | 3.4% |
| FY2024 | $8.9B | $635.0M | $1.60 | $953.0M | 9.9% | 8.9% |
| FY2023 | $8.6B | $993.0M | $2.50 | -$140.0M | 7.6% | 9.3% |
| FY2022 | $7.2B | $155.0M | $0.39 | -$393.0M | 3.6% | 2.9% |
| FY2021 | $5.5B | -$250.0M | -$0.65 | $90.0M | -2.4% | -2.3% |
| FY2020 | $6.1B | -$2.5B | -$6.62 | $700.0M | -39.8% | -29.1% |
| FY2019 | $8.5B | -$6.1B | -$15.96 | $481.0M | -74.1% | -48.6% |
| FY2018 | $8.5B | -$31.0M | -$0.08 | $277.0M | 2.5% | 0.7% |
| FY2017 | $7.3B | -$237.0M | -$0.63 | $640.0M | -3.8% | -1.1% |
| FY2016 | $7.3B | -$2.4B | -$6.41 | $676.0M | -33.3% | -14.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
NOV Inc. has demonstrated mature, steady growth, with revenue compounding at 2.1% annually over the past decade.
NOV Inc. has historically struggled to out-earn its cost of capital, averaging just -7.0% ROIC.
NOV Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, NOV Inc. is modeled at 0.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $2.86 per share.