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NE Noble PE ratio, current and historical analysis

The PE ratio for Noble stock stands at 13.09 as of Jun 18, 2024. This takes into account the latest EPS of $3.35 and stock price of $43.85. A decrease of 2.9% has been observed in the PE ratio compared to its average of 13.5 of the past four quarters.

NE PE ratio history

How has NE's PE ratio performed in the past

Over the last three years, the average PE ratio of Noble has been 15.32. The current 13.09 price-to-earnings ratio is 15% 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.

Average
15.32
Median
14.16
Minimum
11.92
Maximum
24.51

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

What is the average PE ratio of NE for the past years

Currently, NE's PE ratio is under its 3-year average.

3-year avg
15.32
5-year avg
N/A
10-year avg
N/A
15-year avg
N/A

NE PE vs peers

What is NE's PE ratio compared to its peers

NE's PE ratio is above its peer stocks SDRL and HP.

Stock name PE ratio Market cap
HP Helmerich & Payne Inc 9.63 $3.34B
SDRL Seadrill Ltd. 11.76 $3.58B
NE Noble Corporation plc. 13.28 $6.35B
RIG Transocean Ltd N/A $4.23B
NBR Nabors Industries Ltd N/A $634.14M

Frequently asked questions

What is Noble's PE ratio?

NE stock has a price to earnings ratio of 13.09 as of Jun 18, 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 15.32.

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 15% below its 3-year historical average.

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 (Jun 18, 2024), Noble's share price is $43.85. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $3.35. Therefore, Noble's price to earnings ratio for today is 13.09. PE RATIO(13.09) = STOCK PRICE($43.85) / TTM EPS($3.35)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.