Transocean Ltd (RIG) Fair Value & Analysis
Energy · US · Market cap $5.7B · ISIN CH0048265513
What is Transocean Ltd really worth?
Transocean Ltd
RIG · US
Below-average quality, and trading another 179% above our fair value of $2.16.
Strengths
Risks
Fair value as of: Aug 13, 2026
From 11 valuation models · updated 22 days ago
Share price +15.3% 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 ($3.75). The favourable scenario is already priced in.
- The model range is unusually wide ($1.21 to $3.75). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (45/100) 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 13, 2026.
How to read this chart
60‑month range $2.13 – $8.80 · fair‑value band $1.21 – $3.75 · the $6.02 price screens above the $2.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Transocean Ltd (RIG) currently trades at $6.02, while our model-based Fair Value estimate is $2.16, implying the stock looks roughly 178.7% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Energy sector. Bull case: the Asset-Based group reads highest at a median of $4.91 per share, and 0 of the 10 models we run sit above the $6.02 price. Bear case: the Multiples group reads lowest at $0.4900, and 10 of the 10 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Transocean Ltd generated revenue of $4.1B at a net margin of −66.8%. Revenue grew 19.3% year over year. It earns a return on equity of −30.1%. Net debt stands at $4.7B. Fundamentals as of Aug 13, 2026
Our scenario range runs from $1.21 (bear case) to $3.75 (bull case); at $6.02, 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 21% below its 52-week high and 140% 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 −64%, RIG 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 11 models by family
Widest divergence: Asset-Based ($4.91) versus Multiples ($0.4900). Highest evidence: FCF DCF (77).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 44 · Market factors (momentum, volatility) 57
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
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells in Switzerland and internationally. The company contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells.
Full company description
Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells in Switzerland and internationally. The company contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. It also operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment semisubmersibles. It serves integrated energy companies and their affiliates, government-owned or government-controlled energy companies, and other independent energy companies. Transocean Ltd. was founded in 1926 and is based in Zug, Switzerland.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Transocean Ltd reported revenue of $4.0B in FY2025 versus $2.6B in FY2021, a compound +11.6%/yr. Reported net income was −$2.9B in FY2025.
RIG screens 179% overvalued. Compare with Noble Corporation →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Transocean Stock: Why Current Trends Support a Hold Strategy
- Is RIG Worth Buying as Cash Flow Improves but Leverage Stays High?
- Transocean (RIG) Has Fresh Attention, But What Is The Market Weighing?
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: 46/100
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 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Noble Corporation NE | $45.76 | $23.09 | −50% |
| Sinopec Oilfield Service Corporation 600871 | ¥2.22 | ¥0.4900 | −78% |
| 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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