NOV Price To Book vs. Price To Sales

NOV Stock  USD 15.18  0.08  0.53%   
Based on NOV's profitability indicators, NOV Inc is performing exceptionally good at this time. It has a great probability to showcase excellent profitability results in January. Profitability indicators assess NOV's ability to earn profits and add value for shareholders. At this time, NOV's Price To Sales Ratio is fairly stable compared to the past year. EV To Sales is likely to climb to 1.58 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.13 in 2024. At this time, NOV's Net Income is fairly stable compared to the past year. Net Income Applicable To Common Shares is likely to climb to about 170.8 M in 2024, whereas Operating Income is likely to drop slightly above 647.4 M in 2024.
For NOV profitability analysis, we use financial ratios and fundamental drivers that measure the ability of NOV to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well NOV Inc utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between NOV's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of NOV Inc over time as well as its relative position and ranking within its peers.
  
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Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NOV. If investors know NOV will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NOV listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.138
Dividend Share
0.25
Earnings Share
2.7
Revenue Per Share
22.616
Quarterly Revenue Growth
0.003
The market value of NOV Inc is measured differently than its book value, which is the value of NOV that is recorded on the company's balance sheet. Investors also form their own opinion of NOV's value that differs from its market value or its book value, called intrinsic value, which is NOV's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NOV's market value can be influenced by many factors that don't directly affect NOV's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NOV's value and its price as these two are different measures arrived at by different means. Investors typically determine if NOV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NOV's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

NOV Inc Price To Sales vs. Price To Book Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining NOV's current stock value. Our valuation model uses many indicators to compare NOV value to that of its competitors to determine the firm's financial worth.
NOV Inc is rated below average in price to book category among its peers. It is rated below average in price to sales category among its peers fabricating about  0.73  of Price To Sales per Price To Book. The ratio of Price To Book to Price To Sales for NOV Inc is roughly  1.38 . At this time, NOV's Price To Sales Ratio is fairly stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value NOV by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

NOV Price To Sales vs. Price To Book

Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

NOV

P/B

 = 

MV Per Share

BV Per Share

 = 
0.93 X
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.

NOV

P/S

 = 

MV Per Share

Revenue Per Share

 = 
0.67 X
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.

NOV Price To Sales Comparison

NOV is currently under evaluation in price to sales category among its peers.

NOV Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in NOV, profitability is also one of the essential criteria for including it into their portfolios because, without profit, NOV will eventually generate negative long term returns. The profitability progress is the general direction of NOV's change in net profit over the period of time. It can combine multiple indicators of NOV, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income-1.5 B-1.4 B
Operating Income651 M647.4 M
Income Before Tax612 M365.8 M
Total Other Income Expense Net-39 M-41 M
Net Income993 MB
Income Tax Expense-373 M-354.4 M
Net Income Applicable To Common Shares139.5 M170.8 M
Net Income From Continuing Ops489 M513.5 M
Non Operating Income Net Other46.8 M49.1 M
Interest Income28 M33 M
Net Interest Income-58 M-60.9 M
Change To Netincome17.2 M16.4 M
Net Income Per Share 2.53  2.65 
Income Quality 0.14  0.14 
Net Income Per E B T 1.62  1.00 

NOV Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on NOV. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of NOV position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the NOV's important profitability drivers and their relationship over time.

Learn to be your own money manager

Our tools can tell you how much better you can do entering a position in NOV without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Piotroski F Score

Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
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Use Investing Themes to Complement your NOV position

In addition to having NOV in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Measuring and Control Equipment
Measuring and Control Equipment Theme
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Measuring and Control Equipment theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Measuring and Control Equipment Theme or any other thematic opportunities.
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Additional Tools for NOV Stock Analysis

When running NOV's price analysis, check to measure NOV's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NOV is operating at the current time. Most of NOV's value examination focuses on studying past and present price action to predict the probability of NOV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOV's price. Additionally, you may evaluate how the addition of NOV to your portfolios can decrease your overall portfolio volatility.