Noble Corporation (NE) Fair Value & Analysis
Energy · US · Market cap $6.4B
Noble Corporation
NE · US
Fair value as of: Jul 14, 2026
From 26 valuation models · updated 27 days ago
Share price +3.2% over the past month.
Below-average quality, and screening another 43% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case ($28.86). The favourable scenario is already priced in.
- Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.
How to read this chart
60‑month range $16.78 – $53.79 · fair‑value band $17.32 – $28.86 · the $40.77 price screens above the $23.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.
Analysis
Noble Corporation (NE) currently trades at $40.77, while our model-based Fair Value estimate is $23.09, implying the stock looks roughly 43.4% overvalued today. The Quality Score stands at 46/100 (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, Noble Corporation generated revenue of $3.0B at a net margin of 7.6%. Revenue declined 10.8% year over year. It earns a return on equity of 5.0%. Net debt stands at $1.5B. Fundamentals as of Jul 14, 2026
Our scenario range runs from $17.32 (bear case) to $28.86 (bull case); at $40.77, 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 25% below its 52-week high and 74% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -55% fair-value upside, at -43%, NE 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 26 models by family
Widest divergence: Dividend Discount ($30.37) versus Earnings-Based ($12.58). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 48 · Market factors (momentum, volatility) 63
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
Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It provides contract drilling services through its fleet of mobile offshore drilling units. The company also operates drilling rigs, such as floaters and jackups.
Full company description
Noble Corporation plc operates as an offshore drilling contractor for the oil and gas industry worldwide. It provides contract drilling services through its fleet of mobile offshore drilling units. The company also operates drilling rigs, such as floaters and jackups. It serves its fleets in Africa, the Far East Asia, the North Sea, the Oceania, South America, and the United States Gulf of America. Noble Corporation plc was founded in 1921 and is headquartered in Houston, Texas.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Noble Corporation reported revenue of $3.3B in FY2025 versus $848M in FY2021, a compound +40.3%/yr. Reported net income was $217M in FY2025, compounding −11.4%/yr from FY2021.
NE screens 43% overvalued. Compare with Sinopec Oilfield Service Corporation →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Noble Corp PLC (NE) (Q2 2026) Earnings Call Highlights: Strong Backlog Growth Offsets Brazil ...
- Here Are Wednesday’s Top Wall Street Analyst Research Calls: Bloom Energy, Caesars Entertainment, CarMax, Caterpillar, Ford, MPLX LP, Noble,
- Noble outlines $2.8B-$2.9B 2026 revenue and $850M-$925M adjusted EBITDA amid Brazil suspension impact
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.
VALUE 0: the price sits above our fair-value range.
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 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| 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% |
| Borr Drilling Limited BORR | kr 41.99 | kr 27.75 | -34% |
| 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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