NE

Noble Corporation Plc

Fundamental data last updated:September 12, 2026

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company profile

SECTOR

Energy

industry

Oil & Gas Drilling

Exchange

NYSE

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

Noble Corporation, together with its subsidiaries, operates as an offshore drilling contractor for the oil and gas industry worldwide. The company provides contract drilling services to the oil and gas industry through its fleet of mobile offshore drilling units. As of February 16, 2022, it operated a fleet of 20 offshore drilling units, which included 12 floaters and 8 jackups. The company was formerly known as Noble Holding Corporation plc. Noble Corporation was founded in 1921 and is headquartered in Sugar Land, Texas.

 


VALUATION

P/E

32.22

Market Cap ($M USD)

$7.42B

Forward P/E

11.02

PEG

0.06

PRICE TO SALES

2.32

PRICE TO BOOK

1.61

EV / EBITDA

7.82

5-Year Average P/E

Free Cash Flow Yield

5.99%

DCF Value

$117.24

Graham Number

$30.62

Price to FCF

16.70

EV to FCF

19.52

Earnings Yield

3.10%

FCF Yield

5.99%

DIVIDEND

Yield

5.38%

Annual Payout

$2.50

Payout Ratio

140.81%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$1.44

Next Year EPS Growth Estimate

$4.22

Next Year Revenue Growth Estimate

$3.60B

Return on Equity (ROE)

5.01%

FREE CASH FLOW

Operating Margin

16.83%

Debt-to-Equity

0.43

Piotroski F-Score

8

Altman Z-Score

2.49

Return on Invested Capital (ROIC)

7.96%

Current Ratio

1.99

Quick Ratio

1.99

Net Debt to EBITDA

1.13

Interest Coverage

3.31

Gross Profit margin

22.40%

FCF PER SHARE

$2.80

REVENUE PER SHARE

$20.12

Gainseekers Quantitative Analysis

Summary

Noble Corporation Plc appears to be significantly undervalued when considering its DCF Value, which is more than double its recent pricing. The Graham Number also suggests a lower intrinsic value than the market price, indicating potential mispricing. With a Forward P/E of 11.96 and an Earnings Yield of 2.88%, the stock seems poised for growth, especially given its robust Altman Z-score of 2.50, which suggests financial stability. However, the high P/E ratio of 34.76 raises questions about current valuation levels, hinting at market optimism or potential overvaluation.

AI Exposure / Tech Reliance

Operating in the Oil & Gas Drilling industry, Noble Corporation Plc is less directly impacted by AI and tech shifts compared to tech-centric sectors. However, advancements in drilling technology and data analytics could enhance operational efficiency. The company's ability to integrate such technologies will be crucial for maintaining competitiveness.

The Bull Case

For value or GARP investors, Noble Corporation Plc offers compelling reasons to buy. The ROIC of 7.96% indicates efficient capital use, while a strong Piotroski F-Score of 8 suggests solid financial health. Despite a modest FCF Yield of 5.55%, the company's operating margin of 16.83% highlights its pricing power and operational efficiency. These metrics collectively paint a picture of a company with robust fundamentals and potential for capital appreciation.

The Bear Case

Despite some strengths, Noble Corporation Plc faces notable risks. The Price/Book ratio of 1.74 and Price/Sales ratio of 2.50 suggest the stock might be overvalued relative to its assets and revenue. Additionally, the payout ratio of 140.81% raises sustainability concerns about its dividend policy. Technically, the stock is extended near its 52-week high, which could indicate limited upside potential in the short term.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Hold

Average Analyst Price Target

$45.80

Institutional Ownership %

1-Year Beta

0.95

Insider Buying % (6 Mo)

Distance to 52-Week High

18.29%

Distance to 52-Week Low

46.21%

EARNINGS SURPRISE %

23.81%

50-DAY SMA

$49.78

200-DAY SMA

$37.05

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.