Noble Valuation
Is NOBLE undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of NOBLE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NOBLE (DKK239) is trading below our estimate of fair value (DKK776.44)
Significantly Below Fair Value: NOBLE is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NOBLE?
Key metric: As NOBLE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is NOBLE's PE Ratio? | |
|---|---|
| PE Ratio | 10.7x |
| Earnings | US$501.41m |
| Market Cap | US$5.39b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 2.7x |
| Enterprise Value/EBITDA | 7.5x |
| PEG Ratio | 0.5x |
Price to Earnings Ratio vs Peers
How does NOBLE's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 12.1x | ||
TRMD A TORM | 2.8x | -29.4% | DKK 14.4b |
2382 ADES Holding | 25.8x | 18.1% | ر.س19.7b |
2883 China Oilfield Services | 9.5x | 24.3% | HK$59.9b |
HP Helmerich & Payne | 10.1x | 2.0% | US$3.4b |
NOBLE Noble | 10.7x | 19.9% | DKK 5.4b |
Price-To-Earnings vs Peers: NOBLE is good value based on its Price-To-Earnings Ratio (10.7x) compared to the peer average (12x).
Price to Earnings Ratio vs Industry
How does NOBLE's PE Ratio compare vs other companies in the European Energy Services Industry?
| 3 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 3 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: NOBLE is expensive based on its Price-To-Earnings Ratio (10.7x) compared to the European Energy Services industry average (9.5x).
Price to Earnings Ratio vs Fair Ratio
What is NOBLE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 10.7x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NOBLE's Price-To-Earnings Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | DKK 239.00 | DKK 325.23 +36.1% | 15.3% | DKK 453.48 | DKK 269.26 | n/a | 10 |
| Nov ’25 | DKK 215.50 | DKK 336.56 +56.2% | 18.6% | DKK 461.14 | DKK 268.42 | n/a | 10 |
| Oct ’25 | DKK 244.00 | DKK 364.51 +49.4% | 14.2% | DKK 447.75 | DKK 260.63 | n/a | 11 |
| Sep ’25 | DKK 257.50 | DKK 390.82 +51.8% | 8.8% | DKK 452.17 | DKK 317.19 | n/a | 11 |
| Aug ’25 | DKK 315.50 | DKK 402.02 +27.4% | 8.8% | DKK 460.07 | DKK 322.74 | n/a | 11 |
| Jul ’25 | DKK 306.00 | DKK 406.99 +33.0% | 8.1% | DKK 464.32 | DKK 339.58 | n/a | 11 |
| Jun ’25 | DKK 315.00 | DKK 412.57 +31.0% | 7.5% | DKK 463.51 | DKK 338.98 | n/a | 11 |
| May ’25 | DKK 308.50 | DKK 417.85 +35.4% | 6.4% | DKK 451.79 | DKK 354.48 | n/a | 12 |
| Apr ’25 | DKK 329.00 | DKK 409.71 +24.5% | 9.5% | DKK 447.24 | DKK 302.75 | n/a | 11 |
| Mar ’25 | DKK 299.50 | DKK 410.30 +37.0% | 9.5% | DKK 446.52 | DKK 302.26 | n/a | 11 |
| Feb ’25 | DKK 300.00 | DKK 413.50 +37.8% | 6.5% | DKK 442.60 | DKK 354.08 | n/a | 11 |
| Jan ’25 | DKK 326.50 | DKK 414.19 +26.9% | 7.6% | DKK 473.89 | DKK 352.03 | n/a | 11 |
| Dec ’24 | DKK 318.00 | DKK 422.80 +33.0% | 7.4% | DKK 479.67 | DKK 356.33 | n/a | 10 |
| Nov ’24 | DKK 349.00 | DKK 440.58 +26.2% | 7.0% | DKK 508.57 | DKK 409.68 | DKK 215.50 | 8 |
| Oct ’24 | DKK 353.50 | DKK 432.45 +22.3% | 6.9% | DKK 502.20 | DKK 404.55 | DKK 244.00 | 8 |
| Sep ’24 | DKK 374.00 | DKK 416.10 +11.3% | 8.8% | DKK 490.13 | DKK 353.98 | DKK 257.50 | 8 |
| Aug ’24 | DKK 346.50 | DKK 383.40 +10.7% | 8.3% | DKK 439.16 | DKK 343.09 | DKK 315.50 | 8 |
| Jul ’24 | DKK 277.50 | DKK 370.01 +33.3% | 6.8% | DKK 405.76 | DKK 338.13 | DKK 306.00 | 7 |
| Jun ’24 | DKK 273.50 | DKK 370.01 +35.3% | 6.8% | DKK 405.76 | DKK 338.13 | DKK 315.00 | 7 |
| May ’24 | DKK 260.50 | DKK 367.78 +41.2% | 6.3% | DKK 411.19 | DKK 342.66 | DKK 308.50 | 6 |
| Apr ’24 | DKK 268.00 | DKK 367.78 +37.2% | 6.3% | DKK 411.19 | DKK 342.66 | DKK 329.00 | 6 |
| Mar ’24 | DKK 298.50 | DKK 380.02 +27.3% | 6.9% | DKK 422.24 | DKK 351.87 | DKK 299.50 | 7 |
| Feb ’24 | DKK 278.50 | DKK 357.07 +28.2% | 8.3% | DKK 410.69 | DKK 328.55 | DKK 300.00 | 6 |
| Jan ’24 | DKK 260.50 | DKK 382.28 +46.7% | 9.1% | DKK 437.72 | DKK 350.18 | DKK 326.50 | 5 |
| Dec ’23 | DKK 266.50 | DKK 382.28 +43.4% | 9.1% | DKK 437.72 | DKK 350.18 | DKK 318.00 | 5 |
| Nov ’23 | DKK 267.40 | DKK 384.16 +43.7% | 10.7% | DKK 446.69 | DKK 335.02 | DKK 349.00 | 5 |
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.