Borr Drilling Limited (BORR) Fair Value & Analysis
Energy · NO · Market cap 13.0B NOK
Fair value as of: Jul 11, 2026
From 25 valuation models · updated 29 days ago
Fair value updated Jul 11, 2026, revised from kr 3.40 to kr 27.75 (+716.2%) since Jun 24, 2026. Share price −18.9% over the past month.
Below-average quality, and screening another 24% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (kr 30.29). The favourable scenario is already priced in.
- Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.
How to read this chart
60‑month range kr 7.07 – kr 85.66 · fair‑value band kr 18.17 – kr 30.29 · the kr 36.70 price screens above the kr 27.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.
Analysis
Borr Drilling Limited (BORR) currently trades at kr 36.70, while our model-based Fair Value estimate is kr 27.75, implying the stock looks roughly 24.4% overvalued today. The Quality Score stands at 35/100 (below-average quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Borr Drilling Limited generated revenue of 1.1B NOK at a net margin of 3.1%. Revenue grew 14.0% year over year. It earns a return on equity of 3.0%. Net debt stands at 1.8B NOK. Fundamentals as of Jul 11, 2026
Our scenario range runs from kr 18.17 (bear case) to kr 30.29 (bull case); at kr 36.70, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 41% below its 52-week high, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -55% fair-value upside, at -24%, BORR screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 25 models by family
Widest divergence: Growth Earnings (kr 5.98) versus Dividend Discount (kr 0.2500). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 38 · Market factors (momentum, volatility) 16
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Borr Drilling Limited reported revenue of kr 1.0B in FY2025 versus kr 245M in FY2021, a compound +42.8%/yr. Reported net income was kr 45.0M in FY2025.
BORR screens 24% overvalued. Compare with Noble Corporation →
Peer Group
Oil & Gas Drilling · 31 stocks
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.
Valuation Multiples vs Oil & Gas Drilling median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Oil & Gas Drilling stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Noble Corporation NE | $41.79 | $23.09 | -45% |
| Sinopec Oilfield Service Corporation 600871 | ¥2.21 | ¥0.4900 | -78% |
| Transocean Ltd RIG | $5.14 | $2.16 | -58% |
| Valaris Limited VAL | $79.57 | $63.09 | -21% |
| Patterson-UTI Energy, Inc PTEN | $9.39 | $12.20 | +30% |
| Helmerich & Payne, Inc HP | $34.14 | $9.25 | -73% |
| Seadrill Limited SDRL | $42.86 | $10.17 | -76% |
| Arabian Drilling Company 2381 | 80.70 SAR | 11.09 SAR | -86% |
| Nabors Industries Ltd NBR | $84.72 | $209.20 | +147% |
| Sable Offshore Corp SOC | $4.14 | $1.87 | -55% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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