Borr Drilling Limited (BORR) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Borr Drilling Limited NOK 56.58, price NOK 41.67, upside +35.8%, quality 35 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Borr Drilling Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range kr 7.07 – kr 85.66 · fair‑value band kr 39.61 – kr 73.56 · the kr 41.67 price screens below the kr 56.58 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
Follow Borr Drilling in your weekly email
Every Wednesday you see whether Borr Drilling is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry in the Americas, Southeast Asia, West Africa, the Middle East, North Africa, and Europe.
Show more
Borr Drilling Limited operates as an offshore shallow-water drilling contractor to the oil and gas industry in the Americas, Southeast Asia, West Africa, the Middle East, North Africa, and Europe. It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, such as the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production. It serves oil and gas exploration and production companies, such as integrated oil companies, state-owned national oil companies, and independent oil and gas companies. The company was formerly known as Magni Drilling Limited and changed its name to Borr Drilling Limited in December 2016. Borr Drilling Limited was incorporated in 2016 and is based in Hamilton, Bermuda.
Stock analysis
Borr Drilling Limited (BORR) currently trades at kr 41.67, while our model-based Fair Value estimate is kr 56.58, implying the stock looks roughly 26.4% undervalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of kr 10.89 per share, and 0 of the 25 models we run sit above the kr 41.67 price.
Bear case: the Growth Earnings group reads lowest at kr 5.98, and 25 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 39.61 (bear) to kr 73.56 (bull), the price of kr 41.67 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 35/100 (below-average quality), in the Energy sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Borr Drilling Limited reported revenue of $1.0B in FY2025 versus $245M in FY2021, a compound +42.8%/yr. Reported net income was $45.0M in FY2025.
Key figures
Market cap 13.0B NOK (≈ $1.4B) · P/E ratio 30.0 · P/S ratio 1.32 · EPS (TTM) kr 1.39 · Dividend yield 0.0% · Net margin 4.4% · Return on equity 3.0% · Return on assets (EBIT) 4.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
For context, the median of 10 Energy peers we cover trades at −11% fair-value upside, at 36%, BORR screens cheaper than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (kr 0.2500 to kr 27.95). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear kr 39.61Fair Value kr 56.58Bull kr 73.56
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 1.10 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+1.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+32.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+27.1%
Start year 2020 (pandemic)
Revenue growth 8 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+217.0%
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+24.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+24.1%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−61% → 32%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+38.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+13.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (Norway: IMF forecast 2.4% a year to 2030, 3.3% from 2016 to 2025) that is about +35.6% a year for the price and +10.5% for the forecasts.
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer Groupⓘ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.Oil & Gas Drilling · 33 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score35 · Bottom 25%
Fair Value upside+37% · Above median
Profitability
Return on equity (TTM)3% · Below median
Return on assets5% · Top 25%
Net margin (TTM)3% · Above median
Operating margin (TTM)19% · Above median
Growth and dividend
Revenue growth14% · Top 25%
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity1.65× · Highest 25%
Valuation Multiplesvs Oil & Gas Drilling median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Borr Drilling Limited (BORR) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of kr 56.58 versus a price of kr 41.67, about +36% upside (undervalued).
What is the fair value of BORR?
Our model-based fair value for Borr Drilling Limited is kr 56.58 (as of Sep 23, 2026), built from audited fundamentals. The current price: kr 41.67.
What is the quality score of BORR?
Borr Drilling Limited has a Quality Score of 35/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Borr Drilling Limited (BORR)?
Our model-based price target is the fair value of kr 56.58 (as of Sep 23, 2026) from 25 valuation models. Cautious scenario kr 39.61, optimistic scenario kr 73.56. It is a calculation from audited fundamentals, not an analyst target.
What is the Borr Drilling Limited stock forecast for 2026?
Our models put fair value at kr 56.58, about +36% upside versus a price of kr 41.67 (undervalued). Cautious scenario kr 39.61, optimistic scenario kr 73.56. The calculation is refreshed regularly with new filings.
What is the revenue of Borr Drilling Limited (BORR)?
Borr Drilling Limited reported trailing-twelve-month revenue of about 1.1B NOK (latest available figure, as of Sep 23, 2026).
Does Borr Drilling Limited pay a dividend?
Borr Drilling Limited currently shows a dividend yield of about 0.04% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Borr Drilling Limited (BORR)?
For today's price to be fair in a discounted-cash-flow model, Borr Drilling Limited would have to grow free cash flow by +38.9 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +27.1 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of BORR use?
Our models discount Borr Drilling Limited at 9.1 %: a base by market capitalisation (large), damped by beta 1.04, country premium for Norway. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Borr Drilling Limited that is +38.9 % per year a year over ten years, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has Borr Drilling Limited (BORR) delivered so far?
Over the past 5 years revenue at Borr Drilling Limited grew +27.1 % a year. The price currently implies +38.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Borr Drilling Limited (BORR) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Borr Drilling Limited (+38.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Borr Drilling Limited (BORR)?
The free-cash-flow yield on the price is 1.16 %: that much free cash flow Borr Drilling Limited produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Borr Drilling Limited (BORR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Borr Drilling Limited it is kr 56.58 per share (as of Sep 23, 2026), against a price of kr 41.67. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Borr Drilling Limited stock overvalued or undervalued in 2026?
As of Sep 23, 2026, BORR trades below its calculated fair value: price kr 41.67, fair value kr 56.58, a gap of about +36% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BORR?
No. The price is what the market pays today (kr 41.67); the fair value is what the company's own numbers justify (kr 56.58). For Borr Drilling Limited the two are kr 14.92 per share apart. That gap is exactly why we show both numbers side by side.
How much is Borr Drilling Limited worth?
The market values Borr Drilling Limited at about 13.0B NOK (market capitalisation, as of Sep 23, 2026). Per share that is kr 41.67; our models calculate a fair value of kr 56.58 per share.
What do the bullish and bearish scenarios say about BORR?
Our models span a range for Borr Drilling Limited: cautious scenario kr 39.61, base kr 56.58, optimistic kr 73.56 per share (as of Sep 23, 2026, price kr 41.67). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BORR?
Borr Drilling Limited trades at a price-to-earnings ratio of 30.0 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 56.58 is built from several models across several years. Other multiples: P/B 1.1, P/S 1.3, EV/EBITDA 6.5.
How solid is the balance sheet of Borr Drilling Limited (BORR)?
Balance-sheet figures for Borr Drilling Limited (as of Sep 23, 2026): return on equity 3.0%, debt of 1.65 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
Which stocks are comparable to Borr Drilling Limited?
From the same area (Energy) we also value Noble Corporation, Sinopec Oilfield Service Corporation, Transocean Ltd, Valaris Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Borr Drilling Limited stock attractive at the current price?
The data as of Sep 23, 2026: price kr 41.67, calculated fair value kr 56.58 (+36%), Quality Score 35/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BORR calculated?
We run Borr Drilling Limited through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 56.58, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Borr Drilling Limited currently trades 36 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Borr Drilling Limited (BORR)?
The closing price on Sep 23, 2026 was kr 41.67. Our model-based fair value is kr 56.58, about +36% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Borr Drilling Limited right now?
The large discount to fair value meets weak quality (35/100). That raises the risk this is a value trap rather than a bargain. A fairly wide model range (kr 39.61 to kr 73.56) leaves room in how you read the outcome.
Key figures of Borr Drilling Limited
How large is the market capitalisation of Borr Drilling Limited (BORR)?
The market capitalisation of Borr Drilling Limited is 13.0B NOK (≈ $1.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Borr Drilling Limited (BORR)?
The price-to-sales ratio of Borr Drilling Limited is 1.32 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Borr Drilling Limited (BORR)?
Earnings per share at Borr Drilling Limited are kr 1.39 (price ÷ EPS = P/E 30.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Borr Drilling Limited (BORR)?
The dividend yield of Borr Drilling Limited is 0.0% (payout 1.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Borr Drilling Limited (BORR)?
The net margin of Borr Drilling Limited is 4.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Borr Drilling Limited (BORR)?
The return on equity (ROE) of Borr Drilling Limited is 3.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Borr Drilling Limited (BORR)?
On an EBIT basis the return on assets of Borr Drilling Limited is 4.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Borr Drilling Limited (BORR)?
The operating margin of Borr Drilling Limited is 18.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Borr Drilling Limited (BORR)?
Revenue at Borr Drilling Limited is growing +14.0% versus a year earlier (3y avg +32.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Borr Drilling Limited (BORR) carry?
The net debt of Borr Drilling Limited is 1.8B NOK (fiscal year 2025, ≈ 13.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Borr Drilling Limited in the live analysis
One click puts Borr Drilling Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Broad data
Sep 23, 2026