FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.
As of today, NOV's Trailing 12-Month Free Cash Flow is $-28 Mil, and Market Cap is $7,313 Mil. Therefore, NOV's FCF Yield % for today is -0.38%.
The historical rank and industry rank for NOV's FCF Yield % or its related term are showing as below:
NOV'
s FCF Yield % Range Over the Past 10 Years
Min: -8.57 Med: 4.57 Max: 30.09
Current: -0.38
During the past 13 years, the highest FCF Yield % of NOV was 30.09%. The lowest was -8.57%. And the median was 4.57%.
NOV's FCF Yield % is ranked worse than 60.33% of 1079
companies
in the Oil & Gas industry
Industry Median: 1.96
vs NOV: -0.38
NOV's FCF Margin % for the quarter that ended in Mar. 2024 was -6.82%.
NOV FCF Yield % Historical Data
The historical data trend for NOV's FCF Yield % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas Equipment & Services subindustry, NOV's FCF Yield %, along with its competitors' market caps and FCF Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
NOV's FCF Yield % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, NOV's FCF Yield % distribution charts can be found below:
* The bar in red indicates where NOV's FCF Yield % falls into.
NOV FCF Yield % Calculation
FCF Yield % is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.
NOV's FCF Yield % for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NOV FCF Yield % Explanation
Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.
NOV FCF Yield % Related Terms
Thank you for viewing the detailed overview of NOV's FCF Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
NOV (formerly National Oilwell Varco) is a leading supplier of oil and gas drilling rig equipment and products, such as downhole tools, drill pipe, and well casing. The company operates on a global scale, with international markets contributing more than 60% of its annual revenue.
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