Stock fact sheet · data as of
NOV Inc. (NOV): fair value, margin of safety and Wheel Score
Energy · Oil & Gas Equipment & Services · United States · Blend
Is NOV undervalued?
NOV Inc. (NOV) closed at 18.64 on 16 Oct 2026, close to the GLS average fair value of 18.66 (exactly at fair value). 3 of the 9 models that produced a number sit above the price, 6 below - the market and our models roughly agree. With little margin of safety either way, the case for or against the stock rests on the quality numbers and the option premium rather than on price.
There is a wide gap between EPV (2.96) and 10 Cap (49.62). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files NOV under Blend.
Nine valuation models for NOV
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 37.98 | +104% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 10.17 | -45% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 12.69 | -32% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 5.36 | -71% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 16.33 | -12% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 49.62 | +166% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 26.40 | +42% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 6.40 | -66% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 2.96 | -84% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 2.39 | -87% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 21.80 | +17% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
NOV Inc. scores 6 of 9 on the Piotroski F-score: a middling result that passes the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 2.7/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 1.7%, ROE 2.3%, ROA 1.3% - with debt at 0.37 times equity and a free-cash-flow yield of 8.5%.
The dividend yield is 2.33% at a payout ratio of 158%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Energy Products and Services 100% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 4/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 1.7% |
|---|---|---|---|
| GLS Moat | 2.7 / 10 | ROE | 2.3% |
| Debt / equity | 0.37 | ROA | 1.3% |
| Free-cash-flow yield | 8.5% | Payout ratio | 158% |
| Institutions | 10 / 10 | Insiders · Congress | 4 · 5 / 10 |
Wheel Score 69: Good
With a Wheel Score of 69 - the Good band - NOV Inc. falls just short of the Sunday Scan's "70 or higher" rule. The parts: Value 13/25, Health 13/20, Moat 4/15, Premium 20/20, Stability 19/20; Moat (4/15) scores lowest.
Implied volatility is 46% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 31,431 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 4.0M shares a day on a market cap of $6.6B, with a beta of 0.98; the Stability part of the Wheel Score gives that 19 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 13 / 25 | 0% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 4 / 15 | moat 2.7/10 | |
| Premium | 20 / 20 | implied volatility 46% | |
| Stability | 19 / 20 | 4.0M shares/day, $6.6B cap, beta 0.98 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
NOV Inc. reports earnings on 26 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Oil & Gas Equipment & Services
The 12 companies below are the closest to NOV Inc. by market cap within the Oil & Gas Equipment & Services industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| WFRD Weatherford International plc | 75.45 | 171.67 | +56% | 86Prime | $5.4B |
| AROC Archrock, Inc. | 29.25 | 47.33 | +38% | 91Prime | $5.1B |
| KGS Kodiak Gas Services, Inc. | 47.81 | 27.34 | -75% | 62Fair | $4.8B |
| SEI Solaris Energy Infrastructure, Inc. | 69.37 | 27.99 | -148% | 48Weak | $4.6B |
| WHD Cactus, Inc. | 62.52 | 48.58 | -29% | 51Fair | $4.4B |
| OII Oceaneering International, Inc. | 43.05 | 76.59 | +44% | 83Prime | $4.3B |
| TDW Tidewater Inc. | 82.78 | 174.18 | +52% | 80Prime | $4.1B |
| EFXT Enerflex Ltd. | 24.44 | 23.33 | -5% | 71Good | $3.0B |
| LBRT Liberty Energy Inc. | 16.70 | 17.28 | +3% | 65Good | $2.7B |
| WTTR Select Water Solutions, Inc. | 18.83 | 8.70 | -117% | 52Fair | $2.4B |
| EROK EagleRock Land LLC | 18.30 | 651.13 | +97% | 39No options | $2.0B |
| NESR National Energy Services Reunited Corp. | 19.11 | 42.83 | +55% | 81Prime | $1.9B |
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Start free See the Sunday ScanQuestions about NOV
Is NOV undervalued right now?
Not meaningfully: at 18.64 the stock trades within a few percent of the GLS average fair value of 18.66 (exactly at fair value, data as of 16 Oct 2026).
What is the Wheel Score of NOV and what does it mean?
NOV scores 69 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for NOV?
18.66 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does NOV Inc. report earnings next?
The next earnings report is due on 26 Oct 2026 (after the close), 10 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does NOV have listed options, and how liquid are they?
Yes. The nightly snapshot found 290 listed contracts with 31,431 open interest across all expiries and implied volatility of 46% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.