Noble Corporation plc (NE) Fair Value & Analysis
Energy · US · Market cap $6.4B · ISIN GB00BMXNWH07
What is Noble Corporation plc really worth?
Noble Corporation plc
NE · US
Below-average quality, and trading another 102% above our fair value of $23.09.
Strengths
Risks
For context
Fair value as of: Aug 31, 2026
From 26 valuation models · updated 5 days ago
Share price +14.1% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case ($28.86). The favourable scenario is already priced in.
- Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 31, 2026.
How to read this chart
60‑month range $16.78 – $53.79 · fair‑value band $17.32 – $28.86 · the $46.59 price screens above the $23.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 31, 2026.
Analysis
Noble Corporation plc (NE) currently trades at $46.59, while our model-based Fair Value estimate is $23.09, implying the stock looks roughly 101.8% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Energy sector. Bull case: the Dividend Discount group reads highest at a median of $30.37 per share, and 0 of the 26 models we run sit above the $46.59 price. Bear case: the Earnings-Based group reads lowest at $12.58, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Noble Corporation plc generated revenue of $3.0B at a net margin of 7.6%. Revenue declined 10.8% year over year. It earns a return on equity of 5.0%. Net debt stands at $1.5B. Fundamentals as of Aug 31, 2026
Our scenario range runs from $17.32 (bear case) to $28.86 (bull case); at $46.59, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% below its 52-week high and 99% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at −44% fair-value upside, at −50%, NE screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: Dividend Discount ($30.37) versus Earnings-Based ($12.58). Highest evidence: FCF DCF (77).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 31, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 48 · Market factors (momentum, volatility) 66
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It provides contract drilling services through its fleet of mobile offshore drilling units. The company also operates drilling rigs, such as floaters and jackups.
Full company description
Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It provides contract drilling services through its fleet of mobile offshore drilling units. The company also operates drilling rigs, such as floaters and jackups. It serves its fleets in Africa, the Far East Asia, the North Sea, the Oceania, South America, and the United States Gulf of America. Noble Corporation plc was founded in 1921 and is headquartered in Houston, Texas.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Noble Corporation plc reported revenue of $3.3B in FY2025 versus $848M in FY2021, a compound +40.3%/yr. Reported net income was $217M in FY2025, compounding −11.4%/yr from FY2021.
of which total revenue −1.1 % · buybacks/dilution +5.2 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
NE screens 102% overvalued. Compare with Sinopec Oilfield Service Corporation →
Peer Group
Oil & Gas Drilling · 34 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Oil & Gas Drilling median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 44/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Oil & Gas Drilling stocks, each showing price versus our Fair Value estimate (as of Aug 31, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Sinopec Oilfield Service Corporation 600871 | ¥2.22 | ¥0.4900 | −78% |
| Transocean Ltd RIG | $5.70 | $2.16 | −62% |
| Valaris Limited VAL | $85.21 | $58.91 | −31% |
| Patterson-UTI Energy, Inc PTEN | $12.13 | $12.20 | +1% |
| Helmerich & Payne, Inc HP | $42.55 | $9.25 | −78% |
| Seadrill Limited SDRL | $46.72 | $10.17 | −78% |
| Odfjell Drilling Ltd ODL | kr 95.30 | kr 53.75 | −44% |
| Arabian Drilling Company 2381 | 88.90 SAR | 11.09 SAR | −88% |
| Borr Drilling Limited BORR | kr 41.63 | kr 26.64 | −36% |
| Nabors Industries Ltd NBR | $91.71 | $209.14 | +128% |
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