Nov Inc Stock Return On Asset
| NOV Stock | USD 18.59 0.16 0.85% |
NOV Inc fundamentals help investors to digest information that contributes to NOV's financial success or failures. It also enables traders to predict the movement of NOV Stock. The fundamental analysis module provides a way to measure NOV's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to NOV stock.
Return On Assets is likely to climb to 0.09 in 2024. NOV | Return On Asset |
NOV Inc Company Return On Asset Analysis
NOV's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current NOV Return On Asset | 0.0409 |
Most of NOV's fundamental indicators, such as Return On Asset, 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.
NOV Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for NOV is extremely important. It helps to project a fair market value of NOV Stock properly, considering its historical fundamentals such as Return On Asset. Since NOV's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of NOV's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of NOV's interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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NOV Total Assets
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Based on the latest financial disclosure, NOV Inc has a Return On Asset of 0.0409. This is 2.25% higher than that of the Energy Equipment & Services sector and 101.64% lower than that of the Energy industry. The return on asset for all United States stocks is 129.21% lower than that of the firm.
NOV Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NOV's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NOV could also be used in its relative valuation, which is a method of valuing NOV by comparing valuation metrics of similar companies.NOV is currently under evaluation in return on asset category among related companies.
NOV ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, NOV's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to NOV's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
NOV Fundamentals
| Return On Equity | 0.17 | ||||
| Return On Asset | 0.0409 | ||||
| Profit Margin | 0.12 % | ||||
| Operating Margin | 0.09 % | ||||
| Current Valuation | 9.02 B | ||||
| Shares Outstanding | 395.48 M | ||||
| Shares Owned By Insiders | 0.64 % | ||||
| Shares Owned By Institutions | 96.96 % | ||||
| Number Of Shares Shorted | 10.33 M | ||||
| Price To Book | 1.26 X | ||||
| Price To Sales | 0.90 X | ||||
| Revenue | 8.58 B | ||||
| Gross Profit | 1.41 B | ||||
| EBITDA | 651 M | ||||
| Net Income | 993 M | ||||
| Cash And Equivalents | 1.07 B | ||||
| Cash Per Share | 2.54 X | ||||
| Total Debt | 2.38 B | ||||
| Debt To Equity | 0.48 % | ||||
| Current Ratio | 2.31 X | ||||
| Book Value Per Share | 15.66 X | ||||
| Cash Flow From Operations | 143 M | ||||
| Short Ratio | 2.66 X | ||||
| Earnings Per Share | 2.50 X | ||||
| Price To Earnings To Growth | 0.27 X | ||||
| Target Price | 24.09 | ||||
| Number Of Employees | 33.68 K | ||||
| Beta | 1.76 | ||||
| Market Capitalization | 7.42 B | ||||
| Total Asset | 11.29 B | ||||
| Retained Earnings | (1.16 B) | ||||
| Working Capital | 3.4 B | ||||
| Current Asset | 11.8 B | ||||
| Current Liabilities | 4.25 B | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 1.25 % | ||||
| Net Asset | 11.29 B | ||||
| Last Dividend Paid | 0.2 |
About NOV Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NOV Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NOV using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NOV Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
NOV Investors Sentiment
The influence of NOV's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in NOV. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to NOV's public news can be used to forecast risks associated with an investment in NOV. The trend in average sentiment can be used to explain how an investor holding NOV can time the market purely based on public headlines and social activities around NOV Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
NOV's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for NOV's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average NOV's news discussions. The higher the estimated score, the more favorable is the investor's outlook on NOV.
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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Try AI Portfolio ArchitectCheck out NOV Piotroski F Score and NOV Altman Z Score analysis. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary 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.
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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.
Quarterly Earnings Growth 4.786 | Dividend Share 0.2 | Earnings Share 2.5 | Revenue Per Share 21.84 | Quarterly Revenue Growth 0.13 |
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.