NOV Financial Statements From 2010 to 2022

NOV
 Stock
  

USD 17.56  1.41  7.43%   

NOV financial statements provide useful quarterly and yearly information to potential NOV Inc investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on NOV financial statements helps investors assess NOV's valuation, profitability, and current liquidity needs.
NOV Inc does not currently have any fundamental ratios for analysis.
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Check NOV financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NOV main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . NOV financial statements analysis is a perfect complement when working with NOV Valuation or Volatility modules. It can also supplement NOV's financial leverage analysis and stock options assessment as well as various NOV Technical models . Additionally, see the analysis of NOV Correlation against competitors.

NOV Gross Profit Analysis

NOV's Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Gross Profit 
 = 
Revenue 
-  
Cost of Revenue 
More About Gross Profit | All Equity Analysis

Current NOV Gross Profit

    
  774 M  
Most of NOV's fundamental indicators, such as Gross Profit, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, NOV Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Compare to competition

According to the company disclosure, NOV Inc reported 774 M of gross profit. This is 99.35% lower than that of the Energy sector and 49.51% higher than that of the Oil & Gas Equipment & Services industry. The gross profit for all United States stocks is 97.17% higher than that of the company.

NOV Inc Fundamental Drivers Relationships

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. You can analyze the relationship between different fundamental ratios across NOV competition to find correlations between indicators driving NOV's intrinsic value. More Info.
NOV Inc is considered to be number one stock in current ratio category among related companies. It is considered to be number one stock in earnings per share category among related companies . . Comparative valuation analysis is a catch-all model that can be used if you cannot value NOV by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for NOV's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the NOV's earnings, one of the primary drivers of an investment's value.

About NOV Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include NOV income statement, its balance sheet, and the statement of cash flows. NOV investors use historical funamental indicators, such as NOV's revenue or net income, to determine how well the company is positioned to perform in the future. Although NOV investors may use each financial statement separately, they are all related. The changes in NOV's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on NOV's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on NOV Financial Statements. Understanding these patterns can help to make the right decision on long term investment in NOV. Please read more on our technical analysis and fundamental analysis pages.
NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors worldwide. The company was formerly known as National Oilwell Varco, Inc. and changed its name to NOV Inc. in January 2021. NOV operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 27043 people.

NOV Implied Volatility

    
  70.95  
NOV's implied volatility exposes the market's sentiment of NOV Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if NOV's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that NOV stock will not fluctuate a lot when NOV's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards NOV in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, NOV's short interest history, or implied volatility extrapolated from NOV options trading.

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Additionally, see the analysis of NOV Correlation against competitors. You can also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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When running NOV Inc 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 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.
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Is NOV's industry 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.
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 NOV value 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.