NE Noble PE ratio, current and historical analysis
The PE ratio for Noble stock stands at 9.89 as of Nov 21, 2024. This takes into account the latest EPS of $3.51 and stock price of $34.7. A decrease of 19% has been observed in the PE ratio compared to its average of 12.3 of the past four quarters.
NE PE ratio history
Over the last three years, the average PE ratio of Noble has been 14.5. The current 9.89 price-to-earnings ratio is 32% 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 Sep 2024 quarter saw the lowest point at 10.3, with a price of $36.14 and an EPS of $3.51.
Noble PE ratio by year
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 average PE ratio chart
Currently, NE's PE ratio is under its 3-year average.
NE PE vs peers
NE's PE ratio is less than its peer stock HP, but it is above SDRL's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| SDRL Seadrill Ltd. | 6.81 | $2.61B |
| NE Noble Corporation plc. | 9.89 | $5.56B |
| HP Helmerich & Payne Inc | 10.04 | $3.4B |
| RIG Transocean Ltd | N/A | $3.8B |
| NBR Nabors Industries Ltd | N/A | $720.2M |
Frequently asked questions
What is Noble's PE ratio?
NE stock has a price to earnings ratio of 9.89 as of Nov 21, 2024.
What is the 3-year average PE ratio for Noble (NE)?
The average PE ratio for NE stock over the past 3 years is 14.5.
What is the highest PE ratio for NE?
The highest quarterly PE ratio in the last three years has been 24.51 and it was in the Mar 2022 quarter.
How does the current PE ratio for NE compare to its historical average?
NE's price to earnings ratio is currently 32% below its 3-year historical average.
Why is Noble's PE ratio so low?
A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.
How is NE's PE ratio calculated (Noble PE ratio formula)?
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Nov 21, 2024), Noble's share price is $34.7. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $3.51. Therefore, Noble's price to earnings ratio for today is 9.89. PE RATIO(9.89) = STOCK PRICE($34.7) / TTM EPS($3.51)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.