Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
NobleFRA:85V1 -1.07%67 Gross Margin % is 21.40% as of Mar. 2026, which is 1% below its 10-year median of 21.60. GuruFocus rates FRA:85V1 with a GF Score™ of 67/100 and a GF Value™ of €35.01 (Fairly Valued). The stock has 6 warning signs investors should review. Among 871 Oil & Gas companies, Noble ranks worse than 62.11% on this metric.
Gross Margin % is calculated as gross profit divided by its revenue. Noble's Gross Profit for the
three
months ended in Mar. 2026 was €145 Mil. Noble's Revenue for the
three
months ended in Mar. 2026 was €680 Mil. Therefore, Noble's Gross Margin % for the quarter that ended in Mar. 2026 was 21.40%.
The historical rank and industry rank for Noble's Gross Margin % or its related term are showing as below:
FRA:85V1'
s Gross Margin % Range Over the Past 10 Years
Min: -2.65 Med: 21.6 Max: 28.73
Current: 18.11
During the past 6 years, the highestGross Margin % of Noble was 28.73%. The lowest was -2.65%. And the median was 21.60%.
FRA:85V1's Gross Margin % is ranked worse than 62.11% of 871
companies
in the Oil & Gas industry
Industry Median: 25.87
vs FRA:85V1: 18.11
Noble had a gross margin of 21.40% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Noble was 0.00% per year.
Noble (FRA:85V1) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Noble had a gross margin of 21.40% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Noble Gross Margin % Related Terms
Noble Gross Margin % Historical Data
* Premium members only.
The historical data trend for Noble's Gross Margin % 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.
FRA:85V1 vs RIG, VAL, PTEN: Gross Margin % Comparison
For the Oil & Gas Drilling subindustry, Noble's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Noble's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Noble's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Noble (FRA:85V1) has a Gross Margin % of 21.40% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Noble and its competitors. This is near median its historical median of 21.60. According to the industry distribution chart, Noble ranks #541 out of 871 companies in the Oil & Gas industry, placing it in the top 62.1%.
Is Noble's Gross Margin % too high?
Noble's current Gross Margin % of 21.40% is near median its 10-year median of 21.60. The Oil & Gas industry median Gross Margin % is 25.87. Noble's value of 21.40% is 17.3% below this industry median. Based on the distribution chart, Noble ranks #541 out of 871 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Noble has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Noble's Gross Margin % compare to RIG and VAL?
According to the Oil & Gas industry distribution chart, Noble ranks #541 out of 871 companies for Gross Margin %. This places Noble in the lower half of its industry. The industry median Gross Margin % is 25.87. Noble's value of 21.40% is 17.3% below this benchmark. While the company's 10-year median is 21.60 vs. the industry median of 25.87, Noble has consistently been below 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 Gross Margin % for an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.87, based on 871 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Noble's current Gross Margin % of 21.40% is 17.3% below 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Noble and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Noble's current Gross Margin % is 21.40%, which is near median its own 10-year median of 21.60. 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 (FRA:85V1) is currently considered Fairly Valued. The stock's GF Value™ is €35.01, compared to a current price of €37.00 — trading 5.7% above its estimated fair value. The current Gross Margin % is 21.40%, which is near median its 10-year median of 21.60 and 17.3% below the Oil & Gas industry median of 25.87. Noble's overall GF Score™ is 67/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Noble (FRA:85V1), the current Gross Margin % is 21.40% 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 Noble (FRA:85V1) Overvalued in 2026?
Based on GuruFocus' analysis, Noble stock appears to be overvalued.
The current stock price of €37.00 is trading 5.7% above its estimated GF Value™ of €35.01.
GuruFocus considers Noble to be Fairly Valued.
Key valuation signals for FRA:85V1:
Gross Margin %: 21.40% (near median its 10-year median of 21.60)
GF Value™: €35.01 vs. price of €37.00 (5.7% above fair value)
Industry Position: 17.3% below the Oil & Gas median (#541 of 871)
No single metric tells the full story. See the FRA:85V1 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.
67GF Score
Get the complete analysis for FRA:85V1
Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:85V1 has been successfully added to your 
