Stock fact sheet · data as of
Borr Drilling Limited (BORR): fair value, margin of safety and Wheel Score
Ticker symbol BORR · Energy · Oil & Gas Drilling · Bermuda · Speculative
Is BORR undervalued?
Borr Drilling Limited (BORR) closed at 3.33 on 5 Nov 2026, 1382% above the GLS average fair value of 0.2248. 1 of the 1 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.
The average is built from just 1 models (DDM) - the rest returned nothing because an input they need (dividends, free cash flow, book value) is zero or negative - so treat it with more caution than usual.
The nightly engine files BORR under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for BORR
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 0.2248 | -93% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -5.41 | -262% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 4.78 | +44% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Borr Drilling Limited scores only 3 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 4.1/10 is a weak reading: the accounts do not show returns and margins that competitors have been unable to wear down, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 1.3%, ROE 3.7%, ROA 1.2% - with debt at 1.76 times equity and negative free cash flow.
The dividend yield is 0.46% with a payout ratio of 0% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Dayrate Revenue 88%, Other Revenue 12% (fiscal year FY2024).
Institutional ownership scores 5/10, insider activity 7/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 3 / 9 | ROIC | 1.3% |
|---|---|---|---|
| GLS Moat | 4.1 / 10 | ROE | 3.7% |
| Debt / equity | 1.76 | ROA | 1.2% |
| Free-cash-flow yield | -14.3% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 7 · 5 / 10 |
Wheel Score 24: Weak
With a Wheel Score of 24 Borr Drilling Limited sits in the Weak band. It fails filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 3, below fair value - trades 1382% above our fair value; and filter 4, financially healthy - Piotroski 3/9 (under 6); and filter 5, can repay its debt - 8.0 years to repay its debt (over 3); and filter 6, no serious red flags - Red Flags score 50 (under 60); and filter 9, not a penny stock - price 3.33 (under $5); Value (weak) is its weakest part.
Implied volatility is 75% on the near-the-money contracts 20-60 days out - above the 60% top of the sweet spot. It still passes the 25-80% filter, but the Wheel Score rewards it less because volatility this high usually comes with a reason. Chain open interest is 21,397 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 14.0M shares a day on a market cap of $1.0B, with a beta of 1.01; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Fails | trades 1382% above our fair value |
| 4 | Financially healthy | Fails | Piotroski 3/9 (under 6) |
| 5 | Can repay its debt | Fails | 8.0 years to repay its debt (over 3) |
| 6 | No serious red flags | Fails | Red Flags score 50 (under 60) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Fails | price 3.33 (under $5) |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 1382% above fair value | |
| Premium | Good | implied volatility 75% | |
| Moat | Fair | moat 4.1/10 | |
| Health | Weak | Piotroski 3/9 | |
| Red Flags | Weak | Red Flags score 50/100 | |
| Option trading | Fair | 1,029 contracts a day, 21,397 open interest | |
| Stability | Fair | beta 1.01, $1.0B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
Borr Drilling Limited reports earnings on 18 Nov 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Oil & Gas Drilling
The 9 companies below are the closest to Borr Drilling Limited by market cap within the Oil & Gas Drilling industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| PDS Precision Drilling Corporation | 91.53 | 293.03 | +69% | 43Weak | $1.2B |
| NBR Nabors Industries Ltd. | 76.00 | 1,463.96 | +95% | 42Weak | $1.2B |
| SDRL Seadrill Limited | 43.32 | 98.50 | +56% | 41Weak | $2.7B |
| SOC Sable Offshore Corp. | 1.98 | - | - | 13Weak | $380M |
| HP Helmerich & Payne, Inc. | 36.11 | 117.63 | +69% | 47Weak | $3.6B |
| PTEN Patterson-UTI Energy, Inc. | 10.65 | 11.84 | +10% | 39Weak | $4.1B |
| VAL Valaris Limited | 82.77 | 377.28 | +78% | 48Weak | $5.7B |
| RIG Transocean Ltd. | 5.45 | 6.06 | +10% | 43Weak | $6.1B |
| NE Noble Corporation Plc | 41.03 | 45.47 | +10% | 70Good | $6.6B |
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A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about BORR
Is BORR undervalued right now?
No: at 3.33 the stock trades 1382% above the GLS average fair value of 0.2248 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of BORR and what does it mean?
BORR scores 24 out of 100 (Weak) - it fails Wheel Trade Filters 2, 3, 4, 5, 6, 9. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for BORR?
0.2248 per share as of 5 Nov 2026 - the simple average of the 1 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Borr Drilling Limited report earnings next?
The next earnings report is due on 18 Nov 2026 (after the close), 13 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does BORR have listed options, and how liquid are they?
Yes. The nightly snapshot found 12 listed contracts with 21,397 open interest across all expiries and implied volatility of 75% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.