NOV Inc (NOV) is overvalued and SLB Ltd (SLB) is fairly valued.
Both trade above our estimate of their intrinsic value. SLB is the closer of the two: -0%, against -83% for NOV.
Values as of the 22 Sept 2026 close.
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
Discounting its cash flows at 8.9% (average of 3 methods) values the shares at $52.04; the price of $52.12 sits right on that value, and 77% of that value comes from beyond year five.
Leak Score 46/100 on 9 of 12 signals
| Metric | NOV | SLB |
|---|---|---|
| Verdict | Overvalued | Fairly valued |
| Price | $20.18 | $52.12 |
| Intrinsic value | $11.05 | $52.04 |
| Margin of safety | -83% | -0% |
| Leak Score | 0/100 (3/12) | 46/100 (9/12) |
| Market cap | $7.2B | $77.4B |
| Revenue growth, 5 years | 7.6% | 8.6% |
| Operating margin | 6.9% | 14.0% |
| Net margin | 1.1% | 8.5% |
| Return on equity | 1.5% | 13.4% |
| Debt to equity | 0.37 | 0.49 |
| P/E | 77.5x | 25.3x |
| Forward P/E | 15.9x | 16.4x |
| P/B | 1.2x | 3.0x |
| Dividend yield | 2.2% | 2.3% |