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NobleNE +2.42%63 EV-to-OCF is 10.13 as of Aug. 20, 2026, which is 6% above its 10-year median of 9.60. GuruFocus rates NE with a GF Score™ of 63/100 and a GF Value™ of $38.67 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,024 Oil & Gas companies, Noble ranks worse than 69.82% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Noble's Enterprise Value is $8,932 Mil.
Noble's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $882 Mil. Therefore, Noble's EV-to-OCF for today is 10.13.
The historical rank and industry rank for Noble's EV-to-OCF or its related term are showing as below:
NE'
s EV-to-OCF Range Over the Past 10 Years
Min: 5.84 Med: 9.6 Max: 30.8
Current: 10.13
During the past 6 years, the highest EV-to-OCF of Noble was 30.80. The lowest was 5.84. And the median was 9.60.
NE's EV-to-OCF is ranked worse than 69.82% of 1024
companies
in the Oil & Gas industry
Industry Median: 5.66
vs NE: 10.13
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
As of today (2026-08-20), Noble's stock price is $46.98.
Noble's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $0.930. Therefore, Noble's PE Ratio (TTM) for today is 50.52.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Noble's share price for today is $46.98.
Noble's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.930.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Noble EV-to-OCF Related Terms
Noble EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Noble's EV-to-OCF 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.
For the Oil & Gas Drilling subindustry, Noble's EV-to-OCF, along with its competitors' market caps and EV-to-OCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Noble EV-to-OCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Noble's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Noble's EV-to-OCF falls into.
Noble's current Enterprise Value is $8,932 Mil.
Noble's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $882 Mil.
* 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.
Noble (NE) has a EV-to-OCF of 10.13 as of Aug. 20, 2026. This is near median its historical median of 9.60. Over the past decade, Noble's EV-to-OCF has ranged from 5.84 to 30.80. According to the industry distribution chart, Noble ranks #715 out of 1024 companies in the Oil & Gas industry, placing it in the top 69.8%.
Is Noble's EV-to-OCF too high?
Noble's current EV-to-OCF of 10.13 is near median its 10-year median of 9.60. Over the past 10 years, this metric has ranged from a low of 5.84 to a high of 30.80. The Oil & Gas industry median EV-to-OCF is 5.66. Noble's value of 10.13 is 79% above this industry median. Based on the distribution chart, Noble ranks #715 out of 1024 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Noble has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Noble's EV-to-OCF compare to RIG and VAL?
According to the Oil & Gas industry distribution chart, Noble ranks #715 out of 1024 companies for EV-to-OCF. This places Noble in the lower half of its industry. The industry median EV-to-OCF is 5.66. Noble's value of 10.13 is 79% above this benchmark. Historically, Noble's own EV-to-OCF has ranged from 5.84 to 30.80 over the past decade. While the company's 10-year median is 9.60 vs. the industry median of 5.66, Noble has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for an Oil & Gas company?
The median EV-to-OCF among Oil & Gas companies is 5.66, based on 1,024 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Noble's current EV-to-OCF of 10.13 is 79% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median EV-to-OCF is 5.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noble's current EV-to-OCF is 10.13, which is near median its own 10-year median of 9.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noble stock overvalued right now?
Based on GuruFocus' analysis, Noble (NE) is currently considered Modestly Overvalued. The stock's GF Value™ is $38.67, compared to a current price of $46.98 — trading 21.5% above its estimated fair value. The current EV-to-OCF is 10.13, which is near median its 10-year median of 9.60 and 79% above the Oil & Gas industry median of 5.66. Noble's overall GF Score™ is 63/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Noble (NE), the current EV-to-OCF is 10.13 as of Aug. 20, 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 Noble (NE) Overvalued in 2026?
Based on GuruFocus' analysis, Noble stock appears to be overvalued.
The current stock price of $46.98 is trading 21.5% above its estimated GF Value™ of $38.67.
GuruFocus considers Noble to be Modestly Overvalued.
Key valuation signals for NE:
EV-to-OCF: 10.13 (near median its 10-year median of 9.60)
GF Value™: $38.67 vs. price of $46.98 (21.5% above fair value)
Industry Position: 79% above the Oil & Gas median (#715 of 1024)
No single metric tells the full story. See the NE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Noble Corp PLC is an offshore drilling contractor for the oil and gas industry that provides contract drilling services to the international oil and gas industry with its fleet of mobile offshore drilling units. The company focuses on a high-specification fleet of floating and jackup rigs and on deploying its drilling rigs in oil and gas basins around the world. The mobile offshore drilling units comprising the offshore rig fleet operate in international markets for contract drilling services and are often redeployed to different regions due to changing customer demand, which consists mainly of large, integrated, independent, and government-owned or controlled oil and gas companies throughout the world.
63GF Score
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