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STOCK COMPARISON

Noble Corporation vs Odfjell Drilling: Fair Value & Quality

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

As of Sep 5, 2026, Fair Value Calculator sees Odfjell Drilling as the less overvalued of the two: Noble Corporation trades at $46.59 versus a fair value of $23.09 (-50%), while Odfjell Drilling trades at NOK 95.20 versus NOK 53.75 (-44%).
Noble Corporation
NE · USD · Energy
-50%
upside to fair value
overvalued
Price$46.59
Fair Value$23.09
Quality46/100
Odfjell Drilling
ODL.OL · NOK · Energy
-44%
upside to fair value
overvalued
PriceNOK 95.20
Fair ValueNOK 53.75
Quality59/100
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Head-to-head numbers

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

Noble CorporationOdfjell Drilling
Valuation
28.0×P/E (TTM)9.8×
2.11×P/S (TTM)2.22×
1.40×P/B1.53×
7.9×EV/EBITDA6.1×
−50.4%Fair value upside−43.5%
4.3%Dividend yield0.9%
$2.00Dividend per shareNOK 0.86
Profitability
19%Operating margin35%
5%Return on equity15%
3%Return on assets8%
Growth
-11%Revenue growth (YoY)40%
32.5%Avg. growth/yr (3Y)-7.5%
27.8%Avg. growth/yr (5Y)-11.2%
−17.8%Value creation/yr+18.2%
Balance & size
3.2×Interest coverage (EBIT/interest)
0.43×Debt / equity0.64×
$6BMarket cap$2B
mixedGrowth qualityweak

Noble Corporation leads: 7 to 6 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.

Noble Corporationof which business quality 48 · market factors 66 Odfjell Drillingof which business quality 56 · market factors 66
ProfitabilityMargins and returns on capital today
27
45
Quality GrowthAre margins and returns improving?
32
57
CashflowEarnings quality: real cash, not paper profit
69
50
Fin. StrengthBalance sheet, leverage, solvency risk
55
64
InvestmentDisciplined investing over empire-building
40
47
Low VolatilityCalm price path (market factor)
54
87
MomentumPrice trend over the last 3–12 months (market factor)
63
50
52W MomentumDistance to the 52-week high (market factor)
87
70
Net IssuanceBuybacks instead of dilution
62
77

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 familyNoble CorporationPrice $46.59Odfjell DrillingPrice NOK 95.20
DCF Models-45%below the price$25.79n/a
Earnings-Based-64%below the price$16.71-94%below the priceNOK 5.79
Dividend Discount-30%below the price$32.76-92%below the priceNOK 7.17
Multiples-51%below the price$22.97-90%below the priceNOK 9.75
Asset-Based-59%below the price$19.10-96%below the priceNOK 3.99
Growth DCF-30%below the price$32.69n/a
Economic Profit-54%below the price$21.39-93%below the priceNOK 6.31
Growth Earnings-61%below the price$18.07-92%below the priceNOK 7.52
Minimum-64%below the price$16.71-96%below the priceNOK 3.99
Maximum-30%below the price$32.76-90%below the priceNOK 9.75
Median-52%below the price$22.18-93%below the priceNOK 6.74
Geometric mean-51%below the price$23.00-93%below the priceNOK 6.52

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%.

Noble Corporation: 26 of 26 models see the stock below the current price.

Odfjell Drilling: 9 of 9 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.

Noble Corporation
Bear $17.32Fair Value $23.09Bull $28.86
$46.59 = current price (white tick)
Odfjell Drilling
Bear NOK 43.98Fair Value NOK 53.75Bull NOK 60.47
NOK 95.20 = 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.

Noble Corporation · Energy

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

Odfjell Drilling · Energy

Quality score59 · Top 25%
Fair value upside-44% · below median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Odfjell Drilling as the less overvalued of the two: Noble Corporation trades at $46.59 versus a fair value of $23.09 (-50%), while Odfjell Drilling trades at NOK 95.20 versus NOK 53.75 (-44%).

Odfjell Drilling has the higher quality score (59/100).

See the full analysis →

More comparisons

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