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STOCK COMPARISON

Borr Drilling vs Noble Corporation: Fair Value & Quality

Both stocks run through our valuation models. Here is how Borr Drilling (BORR) and Noble Corporation (NE) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Borr Drilling as the less overvalued of the two: Borr Drilling trades at NOK 42.69 versus a fair value of NOK 26.64 (-38%), while Noble Corporation trades at $46.59 versus $23.09 (-50%).
Borr Drilling
BORR.OL · NOK · Energy
-38%
upside to fair value
overvalued
PriceNOK 42.69
Fair ValueNOK 26.64
Quality35/100
Noble Corporation
NE · USD · Energy
-50%
upside to fair value
overvalued
Price$46.59
Fair Value$23.09
Quality46/100
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Head-to-head numbers

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

Borr DrillingNoble Corporation
Valuation
28.0×P/E (TTM)28.0×
1.33×P/S (TTM)2.11×
1.14×P/B1.40×
6.6×EV/EBITDA7.9×
−37.6%Fair value upside−50.4%
0.0%Dividend yield4.3%
—Dividend per share$2.00
Profitability
19%Operating margin19%
3%Return on equity5%
5%Return on assets3%
Growth
14%Revenue growth (YoY)-11%
32.0%Avg. growth/yr (3Y)32.5%
27.1%Avg. growth/yr (5Y)27.8%
+24.1%Value creation/yr−17.8%
Balance & size
1.4×Interest coverage (EBIT/interest)3.2×
1.65×Debt / equity0.43×
$1BMarket cap$6B
healthyGrowth qualitymixed

Borr Drilling leads: 7 to 5 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.

Borr Drillingof which business quality 38 · market factors 22 Noble Corporationof which business quality 48 · market factors 66
ProfitabilityMargins and returns on capital today
22
27
Quality GrowthAre margins and returns improving?
22
32
CashflowEarnings quality: real cash, not paper profit
67
69
Fin. StrengthBalance sheet, leverage, solvency risk
40
55
InvestmentDisciplined investing over empire-building
52
40
Low VolatilityCalm price path (market factor)
40
54
MomentumPrice trend over the last 3–12 months (market factor)
18
63
52W MomentumDistance to the 52-week high (market factor)
8
87
Net IssuanceBuybacks instead of dilution
20
62

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 familyBorr DrillingPrice NOK 42.69Noble CorporationPrice $46.59
DCF Models-92%below the priceNOK 3.58-45%below the price$25.79
Earnings-Based-88%below the priceNOK 5.10-64%below the price$16.71
Dividend Discount-99%below the priceNOK 0.27-30%below the price$32.76
Multiples-94%below the priceNOK 2.48-51%below the price$22.97
Asset-Based-94%below the priceNOK 2.65-59%below the price$19.10
Growth DCF-88%below the priceNOK 5.06-30%below the price$32.69
Economic Profit-89%below the priceNOK 4.50-54%below the price$21.39
Growth Earnings-86%below the priceNOK 5.98-61%below the price$18.07
Minimum-99%below the priceNOK 0.27-64%below the price$16.71
Maximum-86%below the priceNOK 5.98-30%below the price$32.76
Median-91%below the priceNOK 4.04-52%below the price$22.18
Geometric mean-93%below the priceNOK 2.85-51%below the price$23.00

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%.

Borr Drilling: 25 of 25 models see the stock below the current price.

Noble Corporation: 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.

Borr Drilling
Bear NOK 17.40Fair Value NOK 26.64Bull NOK 29.01
NOK 42.69 = current price (white tick)
Noble Corporation
Bear $17.32Fair Value $23.09Bull $28.86
$46.59 = 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.

Borr Drilling · Energy

Quality score35 · bottom 25%
Fair value upside-38% · below median

Noble Corporation · Energy

Quality score46 · below median
Fair value upside-50% · below median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Borr Drilling as the less overvalued of the two: Borr Drilling trades at NOK 42.69 versus a fair value of NOK 26.64 (-38%), while Noble Corporation trades at $46.59 versus $23.09 (-50%).

Noble Corporation has the higher quality score (46/100).

See the full analysis →
Borr Drilling · Noble Corporation

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