The PE ratio for Noble stock stands at 14.24 as of Jul 25, 2024. This takes into account the latest EPS of $3.35 and stock price of $47.7. An increase of 6% has been observed in the PE ratio compared to its average of 13.5 of the past four quarters.
Over the last three years, the average PE ratio of Noble has been 15.32. The current 14.24 price-to-earnings ratio is 7% 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 |
Currently, NE's PE ratio is under its 3-year average.
NE's PE ratio is above its peer stocks SDRL and HP.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HP Helmerich & Payne Inc | 11.55 | $3.96B |
| SDRL Seadrill Ltd. | 13.33 | $4.06B |
| NE Noble Corporation plc. | 14.18 | $6.78B |
| RIG Transocean Ltd | N/A | $4.75B |
| NBR Nabors Industries Ltd | N/A | $970.62M |
NE stock has a price to earnings ratio of 14.24 as of Jul 25, 2024.
The average PE ratio for NE stock over the past 3 years is 15.32.
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 7% 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 (Jul 25, 2024), Noble's share price is $47.7. 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 14.24. PE RATIO(14.24) = STOCK PRICE($47.7) / TTM EPS($3.35)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.