SLB vs NOV Stock Comparison: AI Score, Valuation, Performance and Upside
SLB and NOV both serve the oil and gas industry, but SLB provides ongoing technology-driven services across the well lifecycle, while NOV manufactures and supplies the drilling and production equipment itself, making NOV's results more directly tied to capital equipment investment cycles.
SLB offers exposure to recurring, technology-driven oilfield services revenue with international diversification, while NOV offers a more cyclical bet on capital equipment demand tied to drilling rig construction and upgrade cycles. Consider whether you prefer SLB's service-based revenue stability or NOV's leveraged exposure to equipment investment cycles.
SLB holds the edge across 3 of 5 key metrics in this comparison. NOV leads on both 1-year return (+64.79%) and forward P/E quality (16.96x vs 17.74x for SLB), a relatively favorable combination of momentum and valuation. SLB leads on both revenue growth (5.00%) and operating margin (12.71%), suggesting a stronger fundamental setup on both dimensions. Analyst consensus implies meaningfully more upside for SLB (+8.03%) than for NOV (+2.43%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- Want exposure to recurring, technology-driven oilfield services revenue
- Value international diversification and long-cycle project relationships with national oil companies
- Prefer service-based revenue models over pure equipment sales cyclicality
- Believe a broad technology portfolio supports durable competitive positioning
- Want leveraged exposure to capital equipment investment cycles in oil and gas drilling
- Believe a broad equipment manufacturing portfolio positions it well for an eventual offshore rig upcycle
- Value aftermarket parts and services as a stabilizing complement to cyclical equipment sales
- Are comfortable with higher cyclicality tied to equipment order backlog trends
| Metric | SLB | NOV |
|---|---|---|
| AI scorei | 28.8 | 26.6 |
| AI ranki | #2311 | #2500 |
| Latest closei | $57.51 | $21.39 |
| 1M returni | +15.23% | +9.69% |
| 6M returni | +21.33% | +12.88% |
| 1Y returni | +64.31% | +64.79% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | SLB | NOV |
|---|---|---|
| 1Y ago | $15.97K (+59.7%) started 2025-09-04 | $16.01K (+60.1%) started 2025-09-04 |
| 5Y ago | $23.84K (+138.4%) started 2021-09-07 | $16.37K (+63.7%) started 2021-09-07 |
| 10Y ago | $12.17K (+21.7%) started 2016-09-06 | $6.24K (-37.6%) started 2016-09-06 |
Hypothetical — past performance does not guarantee future results.
| Metric | SLB | NOV |
|---|---|---|
| Market capi | $85.09B | $7.74B |
| Trailing P/Ei | 27.97 | 80.41 |
| Forward P/Ei | 17.74 | 16.96 |
| Price/Salesi | 1.27 | N/A |
| EV/Revenuei | 2.61 | 1.02 |
| Analyst targeti | $61.93 | $22.24 |
| Target upsidei | +8.03% | +2.43% |
| Metric | SLB | NOV |
|---|---|---|
| Revenue growthi | 5.00% | -2.50% |
| Earnings growthi | -29.70% | 7.60% |
| EPS growthi | -29.70% | +7.60% |
| FCF margini | +8.13% | +7.79% |
| Operating margini | 12.71% | 7.17% |
| Profit margini | 8.53% | 1.10% |
| ROIC proxyi | 12.91% | 1.54% |
| Return on equityi | 12.91% | 1.54% |
| Dividend yieldi | 2.06% | 1.69% |
| Betai | 0.75 | 0.94 |
| Debt/equityi | 47.00 | 37.15 |
| Current ratioi | 1.44 | 2.42 |
| Quick ratioi | 0.94 | 1.52 |
Over the past year, SLB and NOV have moved moderately in the same direction (correlation of 0.69), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | SLB | NOV |
|---|---|---|---|
| 1Y | Growthi | +59.71% | +60.10% |
| CAGRi | +59.81% | +60.21% | |
| Volatilityi | 35.76% | 37.06% | |
| Sharpe ratioi | 1.36 | 1.33 | |
| Sortino ratioi | 2.16 | 2.00 | |
| Max drawdowni | 22.27% | 17.06% | |
| Current drawdowni | 4.31% | 1.47% | |
| Avg drawdowni | 5.54% | 4.43% | |
| Ulcer Indexi | 7.96% | 5.91% | |
| Max daily dropi | 7.49% | 6.64% | |
| Max wkly dropi | 14.65% | 11.65% | |
| 5Y | Growthi | +121.62% | +63.66% |
| CAGRi | +17.28% | +10.37% | |
| Volatilityi | 37.78% | 41.62% | |
| Sharpe ratioi | 0.49 | 0.34 | |
| Sortino ratioi | 0.71 | 0.49 | |
| Max drawdowni | 47.02% | 55.20% | |
| Current drawdowni | 4.31% | 13.75% | |
| Avg drawdowni | 19.51% | 25.02% | |
| Ulcer Indexi | 23.60% | 28.44% | |
| Max daily dropi | 11.60% | 12.61% | |
| Max wkly dropi | 24.29% | 27.90% | |
| 10Y | Growthi | -7.18% | -37.60% |
| CAGRi | -0.74% | -4.61% | |
| Volatilityi | 40.78% | 47.17% | |
| Sharpe ratioi | 0.08 | 0.04 | |
| Sortino ratioi | 0.11 | 0.06 | |
| Max drawdowni | 84.29% | 83.53% | |
| Current drawdowni | 16.91% | 56.01% | |
| Avg drawdowni | 39.72% | 52.15% | |
| Ulcer Indexi | 44.15% | 57.13% | |
| Max daily dropi | 27.42% | 28.95% | |
| Max wkly dropi | 44.17% | 51.85% |
| Category | SLB | NOV |
|---|---|---|
| Company | SLB (Schlumberger Limited) | NOV Inc. |
| Sector | Energy | Energy |
| Industry | Oil & Gas Equipment & Services | Oil & Gas Equipment & Services |
| Core business | A global oilfield services company that provides technology, equipment, and services used in oil and gas exploration, drilling, and production, with a revenue base heavily weighted toward international markets outside North America. | A manufacturer and supplier of equipment and technology used in oil and gas drilling, completion, and production, serving both onshore and offshore operators through equipment sales, rentals, and aftermarket parts and services. |
| Investor focus | International drilling and production activity trends, digital and technology-driven service adoption, and operating margin expansion across its global service segments. | New equipment order backlog trends, offshore rig equipment demand cycles, and aftermarket parts and services revenue as a more stable complement to equipment sales. |
- Heavy weighting toward international markets provides exposure to long-cycle offshore and national oil company projects
- Broad technology portfolio spanning digital solutions, drilling, and production services supports differentiated, higher-margin offerings
- Recurring service-based revenue model provides more visibility than pure equipment sales cycles
- Broad equipment manufacturing portfolio spanning drilling rigs, completion tools, and production equipment serves diverse customer needs
- Aftermarket parts and services revenue provides a more stable, recurring complement to cyclical new equipment sales
- Established relationships with drilling contractors and operators support a durable equipment replacement and upgrade cycle
- International project activity can be lumpy, tied to long-cycle investment decisions by national oil companies and major operators
- Currency translation risk is elevated given the company's substantial international revenue exposure
- Faces ongoing pricing competition from other global oilfield services providers across service lines
- New equipment sales are highly cyclical, tied closely to offshore rig construction and major capital equipment investment cycles
- Faces competition from other equipment manufacturers as well as from operators extending the life of existing equipment
- Offshore rig demand has historically been slower to recover than onshore drilling activity following industry downturns
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