NOV price to free cash flow NOV

Market value divided by free cash flow over the last twelve months, since 2010.

Today, Oct 23, 2026: 12.5×
10-year median: 13.7×
Against its 10-year history: 44th; percentile: 0 is its lowest day, 100 its highest
10-year range: 3.4× to 485×
Peer median: 15.2×

NOV's price to free cash flow is 12.5× as of Oct 23, 2026.

That is below its ten-year median of 13.7×, close to the middle of its last ten years.

Over that time it ranged from 3.4× in Oct 2020 to 485× in Jun 2022.

The median for 10 oilfield services stocks of a similar size is 15.2×.

Price to free cash flow over time

median 13.7×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	12.5×	6.8×	13.6×
2025	6.5×	3.9×	7.8×
2024	7.2×	7.0×	15.7×
2023	n/m a value too high to mean anything
2022	342×	23.5×	485×
2021	21.1×	4.9×	22.8×
2020	5.5×	3.4×	43.5×
2019	42.8×	21.2×	144×
2018	25.8×	21.2×	42.0×
2017	28.9×	13.1×	63.9×
2016	13.1×	8.2×	15.4×
2015	14.1×	8.1×	17.2×
2014	10.5×	9.3×	15.7×
2013	15.8×	15.6×	53.2×
2012	74.7×	14.5×	85.0×
2011	13.9×	11.2×	47.6×
2010	39.9×	10.8×	39.9×

Against its peers

Companies in Oil & Gas Equipment & Services nearest NOV's size, closest first, today.

Company	Price to free cash flow
NOVNOV	12.5×
WFRDWeatherford International	11.8×
WHDCactus	n/m
SEISolaris Energy Infrastructure	n/m
OIIOceaneering International	13.6×
LBRTLiberty Energy	n/m
INVXInnovex International	n/m
FTITechnipFMC	17.4×
HALHalliburton	16.9×
RESRPC	35.5×
HOSHornbeck Offshore Services	4.4×
Peer median	15.2×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on NOV

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.