EN DE
STOCK COMPARISON

Arabian Drilling vs Noble Corporation: Fair Value & Quality

Both stocks run through our valuation models. Here is how Arabian Drilling (2381) and Noble Corporation (NE) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Noble Corporation as the less overvalued of the two: Arabian Drilling trades at SAR 96.05 versus a fair value of SAR 22.18 (-77%), while Noble Corporation trades at $46.59 versus $23.09 (-50%).
Arabian Drilling
2381.SR · SAR · Energy
-77%
upside to fair value
overvalued
PriceSAR 96.05
Fair ValueSAR 22.18
Quality38/100
Noble Corporation
NE · USD · Energy
-50%
upside to fair value
overvalued
Price$46.59
Fair Value$23.09
Quality46/100
Get comparisons like this free by email every month: the most undervalued quality stocks.

Head-to-head numbers

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

Arabian DrillingNoble Corporation
Valuation
—P/E (TTM)28.0×
0.57×P/S (TTM)2.11×
0.33×P/B1.40×
4.0×EV/EBITDA7.9×
−76.9%Fair value upside−50.4%
1.7%Dividend yield4.3%
—Dividend per share$2.00
Profitability
7%Operating margin19%
0.54×EBIT margin trend (5Y)—
-2%Return on equity5%
1%Return on assets3%
Growth
-10%Revenue growth (YoY)-11%
8.3%Avg. growth/yr (3Y)32.5%
6.3%Avg. growth/yr (5Y)27.8%
—Value creation/yr−17.8%
Balance & size
1.2×Interest coverage (EBIT/interest)3.2×
0.46×Debt / equity0.43×
$2BMarket cap$6B
expensiveGrowth qualitymixed

Noble Corporation leads: 3 to 9 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.

Arabian Drillingof which business quality 40 · market factors 66 Noble Corporationof which business quality 48 · market factors 66
ProfitabilityMargins and returns on capital today
11
27
Quality GrowthAre margins and returns improving?
29
32
CashflowEarnings quality: real cash, not paper profit
40
69
Fin. StrengthBalance sheet, leverage, solvency risk
47
55
InvestmentDisciplined investing over empire-building
62
40
Low VolatilityCalm price path (market factor)
77
54
MomentumPrice trend over the last 3–12 months (market factor)
58
63
52W MomentumDistance to the 52-week high (market factor)
69
87
Net IssuanceBuybacks instead of dilution
66
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 familyArabian DrillingPrice SAR 96.05Noble CorporationPrice $46.59
DCF Models-87%below the priceSAR 12.27-45%below the price$25.79
Earnings-Based-95%below the priceSAR 4.84-64%below the price$16.71
Dividend Discount-78%below the priceSAR 20.92-30%below the price$32.76
Multiples-84%below the priceSAR 15.42-51%below the price$22.97
Asset-Based-55%below the priceSAR 43.26-59%below the price$19.10
Growth DCF-90%below the priceSAR 9.31-30%below the price$32.69
Economic Profit-95%below the priceSAR 4.84-54%below the price$21.39
Growth Earningsn/a-61%below the price$18.07
Minimum-95%below the priceSAR 4.84-64%below the price$16.71
Maximum-55%below the priceSAR 43.26-30%below the price$32.76
Median-87%below the priceSAR 12.27-52%below the price$22.18
Geometric mean-87%below the priceSAR 12.07-51%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%.

Arabian Drilling: 16 of 16 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.

Arabian Drilling
Bear SAR 21.70Fair Value SAR 22.18Bull SAR 45.30
SAR 96.05 = current price (white tick)
Noble Corporation
Bear $17.32Fair Value $23.09Bull $28.86
$46.59 = current price (white tick)

Compare two other stocks

Tap a field and type again, ticker or company name.

Free, no sign-up

Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Arabian Drilling · Energy

Quality score38 · below median
Fair value upside-77% · bottom 25%

Noble Corporation · Energy

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

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Noble Corporation as the less overvalued of the two: Arabian Drilling trades at SAR 96.05 versus a fair value of SAR 22.18 (-77%), while Noble Corporation trades at $46.59 versus $23.09 (-50%).

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

See the full analysis →
Arabian Drilling · Noble Corporation

More comparisons

Popular match-ups from the same sectors, all with fair value and quality score.

Related to Arabian Drilling

Alphabet Inc Class C vs Verizon CommunicationsAlphabet Inc Class C vs At&tAlphabet Inc Class C vs NetEaseAmazon.com vs PDD Holdings

Related to Noble Corporation

Amazon.com vs Sony GroupMeta Platforms vs Verizon CommunicationsMeta Platforms vs At&tMeta Platforms vs NetEase
Free · Top-25 report

See the undervalued quality stocks every month

Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target. Plus 14 days of Pro to try, no card.

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.

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