Noble (NE) Piotroski F-Score

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What is Noble Piotroski F-Score?

Noble does not have enough data to calculate Piotroski F-Score.

Noble Piotroski F-Score Historical Data

The historical data trend for Noble's Piotroski F-Score 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.

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Noble Piotroski F-Score Chart

Noble Annual Data

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Piotroski F-Score

Noble (NYSE:NE) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.

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Noble (NE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Noble Corp (NYSE:NE) » Definitions » Piotroski F-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

13135 Dairy Ashford,, Suite 800, Sugar Land, TX, USA, 77478

Website

https://www.noblecorp.com

Noble Corp is an offshore drilling contractor for the oil and gas industry. Noble performs, through its subsidiaries, contract drilling services with a fleet of 19 mobile offshore drilling units, consisting of 11 floaters and eight jackups focused largely on ultra-deepwater and high-specification jackup drilling opportunities. It operates in a single reportable segment, Contract Drilling Services.

Executives

Pacific Investment Management Co Llc	10 percent owner	650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Laura D. Campbell	officer: VP, CAO & Controller	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Richard B. Barker	officer: Sr. VP & CFO	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Paul Aronzon	director	13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478
Charles M Sledge	director	1611 SCENIC MOUNTAIN COURT, KINGWOOD TX 77345
Blake Denton	officer: VP, Marketing & Contracts	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Melanie Montague Trent	director	2800 POST OAK BLVD., SUITE 5450, HOUSTON TX 7056
Robert W. Eifler	director, officer: President & CEO	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
William E Turcotte	officer: Sr. VP, Gen Counsel & Corp Sec	1700 WEST LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Joey M Kawaja	officer: VP, Operations	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Ann Darlene Pickard	director	601 JEFFERSON STREET, HOUSTON TX 77002
Bartels Patrick J Jr	director	C/O WCI COMMUNITIES, INC., 24301 WALDEN CENTER DRIVE, BONITA SPRINGS FL 34134
Al J. Hirshberg	director	SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084
Kevin S Corbett	director	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Stephen M Butz	officer: Executive VP & CFO	C/O HERCULES OFFSHORE, INC., 9 GREENWAY PLAZA, SUITE 2200, HOUSTON TX 77046