Stock fact sheet · data as of
Noble Corporation Plc (NE): fair value, margin of safety and Wheel Score
Ticker symbol NE · Energy · Oil & Gas Drilling · United States · Blend Income
Is NE undervalued?
NE closed at 41.03 on 5 Nov 2026 against a GLS average fair value of 45.47 - 9.8% below fair value, which our scans read as "fairly priced". 2 of 9 models are above the current price. There is no discount to lean on here, so the margin of safety is not the reason to look at the stock.
There is a wide gap between EPV (3.73) and DCF (234.16). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for NE, so the nightly engine files it under Blend (value score 51, growth score 68, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for NE
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 | 234.16 | +471% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 14.25 | -65% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 19.22 | -53% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 8.40 | -80% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 20.57 | -50% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 55.37 | +35% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 24.04 | -41% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 29.43 | -28% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 3.73 | -91% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -10.70 | -126% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 49.50 | +21% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Noble Corporation Plc scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the "Piotroski 6 or more" Wheel Trade Filter with room to spare. On durability NE scores 5.0/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.
Returns on capital are thin or negative - ROIC 3.3%, ROE 4.8%, ROA 2.9% - with debt at 0.43 times equity and a free-cash-flow yield of 1.5%.
The dividend yield is high at 4.87% (payout ratio 602%) - a payout above 100% of earnings, which is not covered by profits. A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Oil and Gas Service 50%, Floaters 41%, Jackups 9% (quarter Q3 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 3.3% |
|---|---|---|---|
| GLS Moat | 5.0 / 10 | ROE | 4.8% |
| Debt / equity | 0.43 | ROA | 2.9% |
| Free-cash-flow yield | 1.5% | Payout ratio | 602% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 70: Good
With a Wheel Score of 70 - the Good band - Noble Corporation Plc passes all 9 Wheel Trade Filters. How it ranks: value weak, premium strong, moat fair, health good, red flags weak, option trading fair, stability good. Red Flags (weak) is the part keeping it out of the Prime band.
Implied volatility is 45% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is 21,561 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 2.1M shares a day on a market cap of $6.6B, with a beta of 1.04; the Stability part of the Wheel Score rates that good.
| 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 | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 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 | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 10% below fair value | |
| Premium | Strong | implied volatility 45% | |
| Moat | Fair | moat 5.0/10 | |
| Health | Good | Piotroski 7/9 | |
| Red Flags | Weak | Red Flags score 65/100 | |
| Option trading | Fair | 445 contracts a day, 21,561 open interest | |
| Stability | Good | beta 1.04, $6.6B 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
No upcoming earnings date is recorded for NE in the nightly calendar. The shares go ex-dividend on 25 Nov 2026 (0.5000 per share), so a covered call sold before then carries a small early-assignment risk around that date.
No analyst upgrades or downgrades were recorded in the last 30 days.
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 Noble Corporation Plc 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 |
|---|---|---|---|---|---|
| RIG Transocean Ltd. | 5.45 | 6.06 | +10% | 43Weak | $6.1B |
| VAL Valaris Limited | 82.77 | 377.28 | +78% | 48Weak | $5.7B |
| PTEN Patterson-UTI Energy, Inc. | 10.65 | 11.84 | +10% | 39Weak | $4.1B |
| HP Helmerich & Payne, Inc. | 36.11 | 117.63 | +69% | 47Weak | $3.6B |
| SDRL Seadrill Limited | 43.32 | 98.50 | +56% | 41Weak | $2.7B |
| NBR Nabors Industries Ltd. | 76.00 | 1,463.96 | +95% | 42Weak | $1.2B |
| PDS Precision Drilling Corporation | 91.53 | 293.03 | +69% | 43Weak | $1.2B |
| BORR Borr Drilling Limited | 3.33 | 0.2248 | -1382% | 24Weak | $1.0B |
| SOC Sable Offshore Corp. | 1.98 | - | - | 13Weak | $380M |
Scan the whole market the same way
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 NE
Is NE undervalued right now?
Not meaningfully: at 41.03 the stock trades within a few percent of the GLS average fair value of 45.47 (9.8% below fair value, data as of 5 Nov 2026).
What is the Wheel Score of NE and what does it mean?
NE scores 70 out of 100 (Good). 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 NE?
45.47 per share as of 5 Nov 2026 - the simple average of the 9 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 Noble Corporation Plc report earnings next?
No upcoming earnings date is recorded for NE in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does NE have listed options, and how liquid are they?
Yes. The nightly snapshot found 80 listed contracts with 21,561 open interest across all expiries and implied volatility of 45% 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.