The PE ratio for Noble stock stands at 13.01 as of May 3, 2024. This takes into account the latest EPS of $3.48 and stock price of $45.29. The PE ratio at present is nearly equal to the average from the previous four quarters.
Over the last three years, the average PE ratio of Noble has been 15.41. The current 13.01 price-to-earnings ratio is 16% less than the historical average. Analyzing the last three years, NE's PE ratio reached its highest point in the Mar 2022 quarter at 24.51, with a price of $35.05 and an EPS of $1.43. The Mar 2023 quarter saw the lowest point at 11.92, with a price of $39.47 and an EPS of $3.31.
Maximum annual increase: 22.97% in 2022
Maximum annual decrease: -26.97% in 2023
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 13.84 | -26.97% |
| 2022 | 18.95 | 22.97% |
| 2021 | 15.41 | N/A |
| 2020 | N/A | N/A |
NE's PE ratio is above its peer stocks HP and SDRL.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HP Helmerich & Payne Inc | 10.96 | $3.8B |
| SDRL Seadrill Ltd. | 11.82 | $3.68B |
| NE Noble Corporation plc. | 13.01 | $6.47B |
| RIG Transocean Ltd | N/A | $4.57B |
| NBR Nabors Industries Ltd | N/A | $708.17M |
NE stock has a price to earnings ratio of 13.01 as of May 3, 2024.
The highest quarterly PE ratio in the last three years has been 24.51 and it was in the Mar 2022 quarter.
NE's price to earnings ratio is currently 16% below its 3-year historical average.
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (May 3, 2024), Noble's share price is $45.29. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $3.48. Therefore, Noble's price to earnings ratio for today is 13.01. PE RATIO(13.01) = STOCK PRICE($45.29) / TTM EPS($3.48)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.