TechnipFMC plc (FTI) is overvalued and NOV Inc (NOV) is overvalued.
Both trade above our estimate of their intrinsic value. FTI is the closer of the two: -24%, against -83% for NOV.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.3% (average of 3 methods) values the shares at $57.15; the price of $70.82 is 24% above that value, and 75% of that value comes from beyond year five.
Leak Score 76/100 on 10 of 12 signals
Discounting its cash flows at 8.8% (average of 3 methods) values the shares at $11.05; the price of $20.18 is 83% above that value, and 77% of that value comes from beyond year five.
Leak Score 0/100 on 3 of 12 signals
| Metric | FTI | NOV |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $70.82 | $20.18 |
| Intrinsic value | $57.15 | $11.05 |
| Margin of safety | -24% | -83% |
| Leak Score | 76/100 (10/12) | 0/100 (3/12) |
| Market cap | $27.8B | $7.2B |
| Revenue growth, 5 years | 8.5% | 7.6% |
| Operating margin | 14.7% | 6.9% |
| Net margin | 11.4% | 1.1% |
| Return on equity | 36.0% | 1.5% |
| Debt to equity | 0.38 | 0.37 |
| P/E | 24.7x | 77.5x |
| Forward P/E | 19.6x | 15.9x |
| P/B | 8.5x | 1.2x |
| Dividend yield | 0.3% | 2.2% |