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STOCK COMPARISON

Transocean vs Noble Corporation: Fair Value & Quality

Both stocks run through our valuation models. Here is how Transocean (RIG) and Noble Corporation (NE) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees Noble Corporation as the less overvalued of the two: Transocean trades at $5.26 versus a fair value of $2.16 (-59%), while Noble Corporation trades at $40.77 versus $23.09 (-43%).
Transocean
RIG · USD · Energy
-59%
upside to fair value
overvalued
Price$5.26
Fair Value$2.16
Quality45/100
Noble Corporation
NE · USD · Energy
-43%
upside to fair value
overvalued
Price$40.77
Fair Value$23.09
Quality46/100

Head-to-head numbers

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

TransoceanNoble Corporation
Valuation
—P/E (TTM)28.0×
1.37×P/S (TTM)2.11×
0.70×P/B1.40×
6.3×EV/EBITDA7.9×
1.17×PEG—
—Dividend yield5.1%
—Dividend per share$2.00
Profitability
-67%Net margin8%
27%Operating margin19%
-30%Return on equity5%
3%Return on assets3%
Growth
19%Revenue growth (YoY)-11%
15.5%Avg. growth/yr (3Y)32.5%
4.7%Avg. growth/yr (5Y)27.8%
Balance & size
0.64×Debt / equity0.43×
$6BMarket cap$6B
mixedGrowth qualityhealthy

Transocean leads: 6 to 5 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.

Transoceanof which business quality 44 · market factors 54 Noble Corporationof which business quality 48 · market factors 63
ProfitabilityMargins and returns on capital today
10
27
Quality GrowthAre margins and returns improving?
48
32
CashflowEarnings quality: real cash, not paper profit
73
69
Fin. StrengthBalance sheet, leverage, solvency risk
34
55
InvestmentDisciplined investing over empire-building
98
40
Low VolatilityCalm price path (market factor)
27
53
MomentumPrice trend over the last 3–12 months (market factor)
58
61
52W MomentumDistance to the 52-week high (market factor)
76
78
Net IssuanceBuybacks instead of dilution
21
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.

Transocean

DCF Models$3.72
Earnings-Based$2.23
Multiples$2.56
Asset-Based$4.91
Growth DCF$3.06
Economic Profit$2.23

13 of 13 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

25 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.

Transocean
Bear $1.25Fair Value $2.16Bull $3.75
$5.26 = current price (white tick)
Noble Corporation
Bear $17.32Fair Value $23.09Bull $28.86
$40.77 = 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.

Transocean · Energy

Quality score45 · below median
Fair value upside-59% · bottom 25%

Noble Corporation · Energy

Quality score46 · below median
Fair value upside-43% · below median

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees Noble Corporation as the less overvalued of the two: Transocean trades at $5.26 versus a fair value of $2.16 (-59%), while Noble Corporation trades at $40.77 versus $23.09 (-43%).

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

See the full analysis →
Transocean · 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.