Obermatt

Noble Corporation

NYQ:NE · GB00BMXNWH07
Energy Equipment & ServicesLarge

360

31
EV / EBIT11
Price / Owner Earnings21
Owner Earnings Yield32
Dividend Yield87
Price/Sales56
EV / Gross Profit22
Price/Book49
Return on Capital29
Cash Return on Capital34
Return on Equity31
EBIT Margin63
Gross Profitability37
Cash Conversion79
Accruals73
Owner Earnings Margin64
Sales growth12
Profit Growth68
Long-Term EPS Growth8
Owner Earnings Growth34
Reinvestment56
Price momentum83
Debt load59
Refinancing52
Debt Payback31
Liquidity56
Analyst ratings26
Opinion Changes62
Price Target Upside33
Market mood88
Value Creation6/20not creating value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Noble Corporation doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountryUSA
IndustryEnergy Equipment & Services
SizeLarge
TypePublic Company
ExchangeNYSE
Founded2020
Employees4,273
ISINGB00BMXNWH07
Last UpdateApr 2, 2026
Themes
Marine TransportationConstructionNatural ResourcesOil and Gas

Description

Noble Corporation plc (Noble) is an offshore drilling contractor for the oil and gas industry. The company provides contract drilling services to the international oil and gas industry with its global fleet of mobile offshore drilling units. The com…

Analysis

Hope premium

Noble Corporation plc is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.

On valuation, the picture is fair. The owner-earnings multiple stands at 24.6×; owner earnings: the cash an owner could take out each year.

Growth is tepid; the safety picture is adequate. The company scores 6/20 on our value-creation score: not creating value.

Flags to be aware of: The financial cushion is thinner than comfortable. Some accounting patterns deserve a closer look. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
76
2026

All-time high

76

Jun 2026

All-time low

58

Feb 2026

Average rank

67

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
56
Price/Earnings
3
Price/Book
49
Dividend Yield
87
Value (overall)
52

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →