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STOCK COMPARISON

Noble Corporation vs Northern Ocean: Fair Value & Quality

Both stocks run through our valuation models. Here is how Noble Corporation (NE) and Northern Ocean (NOL) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Noble Corporation as the more attractively valued of the two: Noble Corporation trades at $44.62 versus a fair value of $46.18 (+3%), while Northern Ocean trades at NOK 7.36 versus NOK 6.15 (-16%).
Noble Corporation
NE · USD · Energy
+3%
upside to fair value
fairly valued
Price$44.62
Fair Value$46.18
Quality46/100
Northern Ocean
NOL.OL · NOK · Energy
-16%
upside to fair value
overvalued
PriceNOK 7.36
Fair ValueNOK 6.15
Quality36/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Noble CorporationNorthern Ocean
Valuation
31.2×P/E (TTM)n/a
25.2×P/E ex one-offs (FY2025)n/a
2.37×P/S (TTM)1.02×
1.57×P/B0.68×
8.7×EV/EBITDAn/a
+3.5%Fair value upside−16.4%
4.5%Dividend yieldn/a
$2.00Dividend per sharen/a
Profitability
19%Operating margin-176%
5%Return on equity-30%
3%Return on assets-5%
Growth
-11%Revenue growth (YoY)-77%
32.5%Avg. growth/yr (3Y)n/a
27.8%Avg. growth/yr (5Y)24.2%
−17.6%Value creation/yrn/a
Balance & size
3.2×Interest coverage (EBIT/interest)n/a
0.43×Debt / equityn/a
$7BMarket cap$234M
mixedGrowth qualitymixed
The P/E excluding one-off items is only shown where the special items are documented in the accounts (our own raw data or SEC filings). If one side lacks it, the reported P/E stays scored.

Noble Corporation leads: 4 to 2 metric wins.

n/a = 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 67 Northern Oceanof which business quality 36 · market factors 48
ProfitabilityMargins and returns on capital today
27
10
Quality GrowthAre margins and returns improving?
32
67
CashflowEarnings quality: real cash, not paper profit
69
6
Fin. StrengthBalance sheet, leverage, solvency risk
55
78
InvestmentDisciplined investing over empire-building
40
67
Low VolatilityCalm price path (market factor)
54
68
MomentumPrice trend over the last 3–12 months (market factor)
65
37
52W MomentumDistance to the 52-week high (market factor)
85
43
Net IssuanceShare count: buybacks or dilution?
62
0

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 $44.62Northern OceanPrice NOK 7.36
DCF Models-17%below the price$37.21n/a
Earnings-Based-63%below the price$16.71n/a
Dividend Discount-27%below the price$32.76n/a
Multiples-49%below the price$22.97-96%below the priceNOK 0.31
Asset-Based-57%below the price$19.10-90%below the priceNOK 0.76
Growth DCF-3%close to the price$43.26n/a
Economic Profit-52%below the price$21.39n/a
Growth Earnings-60%below the price$18.07n/a
Minimum-63%below the price$16.71-96%below the priceNOK 0.31
Maximum-3%close to the price$43.26-90%below the priceNOK 0.76
Median-50%below the price$22.18-93%below the priceNOK 0.54
Geometric mean-44%below the price$24.93-93%below the priceNOK 0.49

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: 24 of 26 models see the stock below the current price.

Northern Ocean: 2 of 2 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Noble Corporation
Price $44.62
Fair Value $46.18
Bear $41.54Bull $57.72
Northern Ocean
Price NOK 7.36
Fair Value NOK 6.15
Bear NOK 4.59Bull NOK 6.15

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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+3% · above median

Northern Ocean · Energy

Quality score36 · bottom 25%
Fair value upside-16% · below median

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Noble Corporation as the more attractively valued of the two: Noble Corporation trades at $44.62 versus a fair value of $46.18 (+3%), while Northern Ocean trades at NOK 7.36 versus NOK 6.15 (-16%).

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

Open Noble Corporation live analysis →
Noble Corporation · Northern Ocean

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