ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Construction In Progress: د.إ2,315 Mil (As of Mar. 2026)

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ADX:ADNOCDRILL ADNOC Drilling Company PJSC ADX:ADNOCDRILL
90 GF Score
Price د.إ5.82
GF Value د.إ6.49
Valuation Modestly Undervalued
! 4 Warning Signs
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What is ADNOC Drilling Company PJSC Construction In Progress?

ADNOC Drilling Company PJSC ADX:ADNOCDRILL +1.22% 90 Construction In Progress is د.إ2,315 Mil as of Mar. 2026. GuruFocus rates ADX:ADNOCDRILL with a GF Score™ of 90/100 and a GF Value™ of د.إ6.49 (Modestly Undervalued). The stock has 4 warning signs investors should review.

ADNOC Drilling Company PJSC's quarterly construction in progress increased from Sep. 2025 (د.إ2,221 Mil) to Dec. 2025 (د.إ2,911 Mil) but then declined from Dec. 2025 (د.إ2,911 Mil) to Mar. 2026 (د.إ2,315 Mil).

ADNOC Drilling Company PJSC's annual construction in progress increased from Dec. 2023 (د.إ2,916 Mil) to Dec. 2024 (د.إ3,699 Mil) but then declined from Dec. 2024 (د.إ3,699 Mil) to Dec. 2025 (د.إ2,911 Mil).

ADNOC Drilling Company PJSC Construction In Progress Historical Data

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The historical data trend for ADNOC Drilling Company PJSC's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ADNOC Drilling Company PJSC Construction In Progress Chart

ADNOC Drilling Company PJSC Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial 0.00 2,570.58 2,915.81 3,698.80 2,910.86

ADNOC Drilling Company PJSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,828.25 2,378.62 2,220.68 2,910.86 2,314.90
ADX:ADNOCDRILL
90GF Score
ADNOC Drilling Company PJSC ADX:ADNOCDRILL
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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ADNOC Drilling Company PJSC Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of د.إ2,315 Mil mean?
ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) has a Construction In Progress of د.إ2,315 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on ADNOC Drilling Company PJSC and its competitors.
Is ADNOC Drilling Company PJSC's Construction In Progress too high?
ADNOC Drilling Company PJSC's current Construction In Progress is د.إ2,315 Mil. Overall, ADNOC Drilling Company PJSC has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ADNOC Drilling Company PJSC's Construction In Progress compare to NE and RIG?
ADNOC Drilling Company PJSC's Construction In Progress of د.إ2,315 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Oil & Gas company?
A good Construction In Progress depends on the Oil & Gas industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on ADNOC Drilling Company PJSC and its competitors. ADNOC Drilling Company PJSC's current Construction In Progress is د.إ2,315 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ADNOC Drilling Company PJSC stock overvalued right now?
Based on GuruFocus' analysis, ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ6.49, compared to a current price of د.إ5.82 — trading 10.3% below its estimated fair value. The current Construction In Progress is د.إ2,315 Mil. ADNOC Drilling Company PJSC's overall GF Score™ is 90/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For ADNOC Drilling Company PJSC (ADX:ADNOCDRILL), the current Construction In Progress is د.إ2,315 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Overvalued in 2026?

Based on GuruFocus' analysis, ADNOC Drilling Company PJSC stock appears to be undervalued. The current stock price of د.إ5.82 is trading 10.3% below its estimated GF Value™ of د.إ6.49. GuruFocus considers ADNOC Drilling Company PJSC to be Modestly Undervalued.

Key valuation signals for ADX:ADNOCDRILL:

  • Construction In Progress: د.إ2,315 Mil
  • GF Value™: د.إ6.49 vs. price of د.إ5.82 (10.3% below fair value)
  • GF Score™: 90/100 with 4 warning signs

No single metric tells the full story. See the ADX:ADNOCDRILL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

ADNOC Drilling Company PJSC Business Description

Industry EnergyOil & Gas
Address SKEC 2, Zone 1 - E-17, P.O. Box 4017, Abu Dhabi, ARE
ADNOC Drilling Company PJSC is engaged in providing drilling services and supporting marine equipment, and the hiring out of onshore and offshore drilling rigs on behalf of related parties involved in onshore and offshore oil and gas exploration. The operating business segments are Onshore, Offshore, and OilField Services, with maximum revenue from the Onshore segment.
90GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

د.إ5.82
Price
د.إ6.49
GF Value