Noble Corporation

Noble Corporationverified

NE

Price:

$47.5

Market Cap:

$6.79B

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.[Read more]

Industry

Oil & Gas Drilling

IPO Date

2021-06-09

Stock Exchange

NYSE

Ticker

NE

The PE Ratio as of July 2024 (TTM) for Noble Corporation (NE) is 14.66

According to Noble Corporation’s latest financial reports and current stock price. The company's current PE Ratio is 14.66. This represents a change of -5.11% compared to the average of 15.45 of the last 4 quarters.

Noble Corporation (NE) Historical PE Ratio (quarterly & annually)

How has NE PE Ratio performed in the past?

The mean historical PE Ratio of Noble Corporation over the last ten years is 75.05. The current 14.66 PE Ratio has changed 1.85% with respect to the historical average. Over the past ten years (40 quarters), NE's PE Ratio was at its highest in in the June 2023 quarter at 21.66. The PE Ratio was at its lowest in in the December 2017 quarter at -61.43.

Quarterly (TTM)
Annual

Average

75.05

Median

1.34

Minimum

-11.73

Maximum

737.19

Noble Corporation (NE) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Noble Corporation PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 9.10%

Maximum Annual PE Ratio = 737.19

Minimum Annual Increase = -371.67%

Minimum Annual PE Ratio = -11.73

Quarterly (TTM)
Annual
YearPE RatioChange
202313.83-27.16%
202218.98347.90%
20214.24-371.67%
2020-1.56-82.26%
2019-8.7927.57%
2018-6.89-41.21%
2017-11.7381.17%
2016-6.47-155.19%
201511.73-98.41%
2014737.199.10%

Noble Corporation (NE) Average PE Ratio

How has NE PE Ratio performed in the past?

The current PE Ratio of Noble Corporation (NE) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

12.35

5-year avg

5.34

10-year avg

75.05

Noble Corporation (NE) PE Ratio vs. Peers

How is NE’s PE Ratio compared to its peers?

Noble Corporation’s PE Ratio is greater than Seadrill Limited (12.51), less than Borr Drilling Limited (38.57), less than Patterson-UTI Energy, Inc. (33.52), greater than Transocean Ltd. (-12.15), greater than Diamond Offshore Drilling, Inc. (-41.74), greater than Nabors Industries Ltd. (-6.38), greater than Helmerich & Payne, Inc. (11.47), greater than Precision Drilling Corporation (6.33), greater than Independence Contract Drilling, Inc. (-0.44),

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