Is NOV or Schlumberger more undervalued?

As of Sep 5, 2026, NOV is at -67% to fair value and Schlumberger at -50%. Schlumberger is the less overvalued of the two. Model-based estimate, not financial advice.

Which has higher quality, NOV or Schlumberger?

NOV has a quality score of 55/100 and Schlumberger 52/100. NOV leads on quality.

STOCK COMPARISON

NOV vs Schlumberger: Fair Value & Quality

Both stocks run through our valuation models. Here is how NOV (NOV) and Schlumberger (SLB) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Schlumberger as the less overvalued of the two: NOV trades at $21.49 versus a fair value of $6.99 (-67%), while Schlumberger trades at $57.41 versus $28.66 (-50%).

NOV

NOV · USD · Energy

-67%

upside to fair value

overvalued

Price$21.49

Fair Value$6.99

Quality55/100

Schlumberger

SLB · USD · Energy

-50%

upside to fair value

overvalued

Price$57.41

Fair Value$28.66

Quality52/100

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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

NOVSchlumberger

Valuation

75.6×P/E (TTM)20.7×

0.78×P/S (TTM)1.96×

1.08×P/B2.69×

7.4×EV/EBITDA10.3×

1.17×PEG1.62×

−67.5%Fair value upside−50.1%

1.5%Dividend yield2.0%

$0.32Dividend per share$1.15

Profitability

2%Operating margin12%

2%Return on equity14%

3%Return on assets6%

Growth

-2%Revenue growth (YoY)3%

6.5%Avg. growth/yr (3Y)8.3%

7.5%Avg. growth/yr (5Y)8.6%

−11.7%Value creation/yr+15.9%

Balance & size

6.4×Interest coverage (EBIT/interest)9.8×

0.27×Debt / equity0.37×

$7BMarket cap$70B

mixedGrowth qualitymixed

Schlumberger leads: 5 to 9 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

NOVof which business quality 57 · market factors 74 Schlumbergerof which business quality 54 · market factors 76

ProfitabilityMargins and returns on capital today

Quality GrowthAre margins and returns improving?

CashflowEarnings quality: real cash, not paper profit

Fin. StrengthBalance sheet, leverage, solvency risk

InvestmentDisciplined investing over empire-building

Low VolatilityCalm price path (market factor)

MomentumPrice trend over the last 3–12 months (market factor)

52W MomentumDistance to the 52-week high (market factor)

100

Net IssuanceBuybacks instead of dilution

100

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model family	NOVPrice $21.49	SchlumbergerPrice $57.41
DCF Models	+6%close to the price$22.69	-37%below the price$35.98
Earnings-Based	-67%below the price$6.99	-62%below the price$21.58
Dividend Discount	-64%below the price$7.81	-68%below the price$18.13
Multiples	-49%below the price$10.93	-48%below the price$30.02
Asset-Based	-46%below the price$11.70	-80%below the price$11.70
Growth DCF	+40%above the price$30.14	-29%below the price$40.81
Economic Profit	-50%below the price$10.75	-52%below the price$27.29
Growth Earnings	-77%below the price$4.88	-50%below the price$28.48
Minimum	-77%below the price$4.88	-80%below the price$11.70
Maximum	+40%above the price$30.14	-29%below the price$40.81
Median	-50%below the price$10.84	-51%below the price$27.88
Geometric mean	-48%below the price$11.22	-56%below the price$25.08

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

NOV: 19 of 25 models see the stock below the current price.

Schlumberger: 26 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

NOV

Bear $5.15Fair Value $6.99Bull $9.09

$21.49 = current price (white tick)

Schlumberger

Bear $21.17Fair Value $28.66Bull $36.48

$57.41 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

NOV · Energy

Quality score55 · above median

Fair value upside-67% · bottom 25%

Schlumberger · Energy

Quality score52 · above median

Fair value upside-50% · below median

Bottom line

NOV has the higher quality score (55/100).

See the full analysis →

NOV · Schlumberger

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.