Ratios

		vs industry	vs history
P/E(ttm)	18.70	NE's P/E(ttm) is ranked higher than 52% of the 67 Companies in the Global Oil & Gas Drilling industry. ( Industry Median: 12.95 vs. NE: 18.70 )	NE' s 10-Year P/E(ttm) Range Min: 3.67   Max: 62.5 Current: 18.7 3.67 62.5
P/B	1.33	NE's P/B is ranked lower than 55% of the 67 Companies in the Global Oil & Gas Drilling industry. ( Industry Median: 1.20 vs. NE: 1.33 )	NE' s 10-Year P/B Range Min: 0.97   Max: 4.57 Current: 1.33 0.97 4.57
P/S	2.77	NE's P/S is ranked lower than 63% of the 67 Companies in the Global Oil & Gas Drilling industry. ( Industry Median: 1.74 vs. NE: 2.77 )	NE' s 10-Year P/S Range Min: 1.66   Max: 8.68 Current: 2.77 1.66 8.68
EV-to-EBIT	16.94	NE's EV-to-EBIT is ranked higher than 58% of the 67 Companies in the Global Oil & Gas Drilling industry. ( Industry Median: 11.60 vs. NE: 16.94 )	NE' s 10-Year EV-to-EBIT Range Min: 3.1   Max: 43.4 Current: 16.94 3.1 43.4
Shiller P/E	9.87	NE's Shiller P/E is ranked higher than 81% of the 67 Companies in the Global Oil & Gas Drilling industry. ( Industry Median: 11.11 vs. NE: 9.87 )	NE' s 10-Year Shiller P/E Range Min: 6.92   Max: 49.73 Current: 9.87 6.92 49.73

Dividend & Buy Back

		vs industry	vs history
Dividend Yield	1.28	NE's Dividend Yield is ranked higher than 79% of the 67 Companies in the Global Oil & Gas Drilling industry. ( Industry Median: 2.49 vs. NE: 1.28 )	NE' s 10-Year Dividend Yield Range Min: 0.03   Max: 3.22 Current: 1.28 0.03 3.22
Dividend Payout	0.3	NE's Dividend Payout is ranked higher than 90% of the 67 Companies in the Global Oil & Gas Drilling industry. ( Industry Median: 0.45 vs. NE: 0.3 )	NE' s 10-Year Dividend Payout Range Min: 0.03   Max: 0.38 Current: 0.3 0.03 0.38
Dividend growth (3y)	31	NE's Dividend growth (3y) is ranked higher than 97% of the 67 Companies in the Global Oil & Gas Drilling industry. ( Industry Median: 4.00 vs. NE: 31 )	NE' s 10-Year Dividend growth (3y) Range Min: 0   Max: 58.7 Current: 31 0 58.7
Yield on cost (5-Year)	7.67	NE's Yield on cost (5-Year) is ranked higher than 96% of the 67 Companies in the Global Oil & Gas Drilling industry. ( Industry Median: 2.01 vs. NE: 7.67 )	NE' s 10-Year Yield on cost (5-Year) Range Min: 0.18   Max: 18.99 Current: 7.67 0.18 18.99
Share Buyback Rate	0.6	NE's Share Buyback Rate is ranked higher than 96% of the 67 Companies in the Global Oil & Gas Drilling industry. ( Industry Median: -5.50 vs. NE: 0.6 )	NE' s 10-Year Share Buyback Rate Range Min: 1.5   Max: -0.8 Current: 0.6

Valuation & Return

		vs industry	vs history
Price/Net Current Asset Value	16.7	NE's Price/Net Current Asset Value is ranked higher than 76% of the 67 Companies in the Global Oil & Gas Drilling industry. ( Industry Median: 8.60 vs. NE: 16.7 )	NE' s 10-Year Price/Net Current Asset Value Range Min: 12.1   Max: 45.2 Current: 16.7 12.1 45.2
Price/Tangible Book	1.3	NE's Price/Tangible Book is ranked higher than 52% of the 67 Companies in the Global Oil & Gas Drilling industry. ( Industry Median: 1.30 vs. NE: 1.3 )	NE' s 10-Year Price/Tangible Book Range Min: 1   Max: 3.7 Current: 1.3 1 3.7
Price/DCF (Projected)	1.9	NE's Price/DCF (Projected) is ranked higher than 87% of the 67 Companies in the Global Oil & Gas Drilling industry. ( Industry Median: 1.40 vs. NE: 1.9 )	NE' s 10-Year Price/DCF (Projected) Range Min: 0.8   Max: 3.1 Current: 1.9 0.8 3.1
Price/Median PS Value	0.6	NE's Price/Median PS Value is ranked higher than 51% of the 67 Companies in the Global Oil & Gas Drilling industry. ( Industry Median: 0.70 vs. NE: 0.6 )	NE' s 10-Year Price/Median PS Value Range Min: 0.4   Max: 1.5 Current: 0.6 0.4 1.5
Price/Graham Number	1.1	NE's Price/Graham Number is ranked higher than 76% of the 67 Companies in the Global Oil & Gas Drilling industry. ( Industry Median: 0.90 vs. NE: 1.1 )	NE' s 10-Year Price/Graham Number Range Min: 0.4   Max: 2.4 Current: 1.1 0.4 2.4
Earnings Yield (Greenblatt)	5.90	NE's Earnings Yield (Greenblatt) is ranked higher than 66% of the 67 Companies in the Global Oil & Gas Drilling industry. ( Industry Median: 9.45 vs. NE: 5.90 )	NE' s 10-Year Earnings Yield (Greenblatt) Range Min: 2.3   Max: 32 Current: 5.9 2.3 32
Forward Rate of Return (Yacktman)	-13.08	NE's Forward Rate of Return (Yacktman) is ranked higher than 69% of the 67 Companies in the Global Oil & Gas Drilling industry. ( Industry Median: -2.93 vs. NE: -13.08 )	NE' s 10-Year Forward Rate of Return (Yacktman) Range Min: -14.3   Max: 59 Current: -13.08 -14.3 59

Business Description

Noble Corporation is a Swiss corporation. The Company is an offshore drilling contractor for the oil and gas industry. It performs contract drilling services with its fleet of 62 mobile offshore drilling units located worldwide. This fleet consists of 13 semisubmersibles, four dynamically positioned drillships, 43 jackups and two submersibles. The fleet count includes two units under construction: one dynamically positioned, ultra-deepwater, harsh environment Globetrotter-class drillship, and one deepwater dynamically positioned semisubmersible. The Company typically employs each drilling unit under an individual contract. The Company's drilling contracts generally contain the following terms: contract duration extending over a specific period of time or a period necessary to drill one or more wells; provisions permitting early termination of the contract by the customer ; options to extend the contract term, generally upon advance notice to the Company and usually at mutually agreed upon rates; payment by the Company of the operating expenses of the drilling unit, including labor costs and the cost of incidental supplies and provisions that allow its to recover certain cost increases from certain of its customers. The Company conducts offshore contract drilling operations, which accounted for approximately 99 percent, 98 percent and 93 percent of operating revenues for the years ended December 31, 2009, 2008 and 2007, respectively. The Company conducts its contract drilling operations principally in the Middle East, India, U.S. Gulf of Mexico, Mexico, the North Sea, Brazil, and West Africa. The Company performs services under labor contracts for drilling and workover activities covering two rigs under a labor contract off the east coast of Canada. The offshore contract drilling industry is a competitive and cyclical business characterized by high capital and maintenance costs. It competes on a worldwide basis, but competition might vary by region at any particular time. Political developments and numerous governmental regulations, which might relate directly or indirectly to the contract drilling industry, affect many aspects of its operations.
Company Website

Industry:	Oil & Gas Drilling
Compare:	SDRL, ESV, PES, OMVJF, SBR
Traded in other countries:	N0L.Germany

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