Noble Corporation plc A (NE) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Noble Corporation plc A

NYSE•Energy•Oil & Gas Drilling

$44.34-2.21(-0.05%)Pre-market

Market Cap

$7.05B

P/E

47.1x

P/S

2.3x

P/B

1.6x

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.

How this company scores

AverageMetricSide Score: 40/100

Strongest: Balance Sheet & Red Flags (16/25); weakest: Growth (2/25).

Profitability8/25

Growth2/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality14/25

Strengths

Low leverageCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 47.1x5y range 8.2x – 47.1x

Currently above its 13-quarter median.

P/S · 2.3x5y range 1.1x – 2.6x

Currently near its 13-quarter median.

P/B · 1.6x5y range 0.8x – 1.8x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 36.2% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $7.05B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.07B
Q. Revenue: $719.69M
TTM EBITDA: $920.91M
TTM Op. Income: $348.74M
Q. Op. Income: $30.48M
TTM Net Income: $149.58M
Q. Net Income: $-36.68M
EPS: $-0.23
Shares Out.: $159.57M

$3.07B in TTM revenue declined 11.1% YoY, reaching $719.69M last quarter. TTM EBITDA of $920.91M and TTM operating income of $348.74M show growth is flowing through to the bottom line. TTM net income of $149.58M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 4 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 23.6%
Op. Margin: 4.2%
Net Margin: -5.1%

Op. margin of 4.2% is down 11.7% YoY — costs are rising relative to revenue. Net margin at -5.1% Over the past year, operating margin is down 73% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 47.1x
P/S Ratio: 2.3x
P/B Ratio: 1.6x

At 47.1x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 2.3x and P/B of 1.6x provide additional context. P/E sits above typical market levels while revenue growth is below 5%. Across the last 8 quarters, P/E has risen for 5 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $7.24B
Cash: $456.21M
Long-Term Debt: $1.89B
Book Value: $4.48B
D/E Ratio: 0.4
Debt/EBITDA: 11.1

With $7.24B in assets and $1.89B in long-term debt, D/E is 0.4and book value is $4.48B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 1% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $144.16M
TTM Free Cash Flow: $283.92M
FCF Margin: 9.3%
FCF / Net Income: 1.9

TTM FCF of $283.92M on $144.16M in operating cash flow. The FCF / Net Income ratio of 1.9x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 31% — a weakening trend.