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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 Aug 17, 2026.

As of Aug 17, 2026, Fair Value Calculator sees Noble Corporation as the less overvalued of the two: Arabian Drilling trades at SAR 87.05 versus a fair value of SAR 22.18 (-75%), while Noble Corporation trades at $45.10 versus $23.09 (-49%).
Arabian Drilling
2381.SR · SAR · Energy
-75%
upside to fair value
overvalued
PriceSAR 87.05
Fair ValueSAR 22.18
Quality38/100
Noble Corporation
NE · USD · Energy
-49%
upside to fair value
overvalued
Price$45.10
Fair Value$23.09
Quality46/100

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×
1.7%Dividend yield5.1%
—Dividend per share$2.00
Profitability
-4%Net margin8%
7%Operating margin19%
-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%
Balance & size
0.46×Debt / equity0.43×
$2BMarket cap$6B
expensiveGrowth qualityhealthy

Noble Corporation leads: 4 to 8 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 55 Noble Corporationof which business quality 48 · market factors 65
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
53
MomentumPrice trend over the last 3–12 months (market factor)
44
60
52W MomentumDistance to the 52-week high (market factor)
47
85
Net IssuanceBuybacks instead of dilution
66
62

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Arabian Drilling

DCF ModelsSAR 12.27
Earnings-BasedSAR 4.84
Dividend DiscountSAR 20.92
MultiplesSAR 15.42
Asset-BasedSAR 43.26
Growth DCFSAR 9.31
Economic ProfitSAR 4.84

16 of 16 models see the stock below the current price.

Noble Corporation

DCF Models$25.79
Earnings-Based$16.71
Dividend Discount$32.76
Multiples$22.97
Asset-Based$19.10
Growth DCF$32.69
Economic Profit$21.39
Growth Earnings$18.07

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 87.05 = current price (white tick)
Noble Corporation
Bear $17.32Fair Value $23.09Bull $28.86
$45.10 = 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.

Arabian Drilling · Energy

Quality score38 · below median
Fair value upside-75% · bottom 25%

Noble Corporation · Energy

Quality score46 · below median
Fair value upside-49% · below median

Bottom line

As of Aug 17, 2026, Fair Value Calculator sees Noble Corporation as the less overvalued of the two: Arabian Drilling trades at SAR 87.05 versus a fair value of SAR 22.18 (-75%), while Noble Corporation trades at $45.10 versus $23.09 (-49%).

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

See the full analysis →
Arabian Drilling · Noble Corporation

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.