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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.
NobleNE +2.42%63 3-Year Share Buyback Ratio is -5.70 as of Jun. 2026. 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 683 Oil & Gas companies, Noble ranks worse than 57.1% on this metric.
Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Noble's current 3-Year Share Buyback Ratio was -5.70%.
The historical rank and industry rank for Noble's 3-Year Share Buyback Ratio or its related term are showing as below:
NE'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -31.2 Med: -26 Max: -5.7
Current: -5.7
During the past 6 years, Noble's highest 3-Year Share Buyback Ratio was -5.70%. The lowest was -31.20%. And the median was -26.00%.
NE's 3-Year Share Buyback Ratio is ranked worse than 57.1% of 683
companies
in the Oil & Gas industry
Industry Median: -3.5
vs NE: -5.70
Noble (NYSE:NE) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Noble 3-Year Share Buyback Ratio Related Terms
NE vs RIG, VAL, PTEN: 3-Year Share Buyback Ratio Comparison
For the Oil & Gas Drilling subindustry, Noble's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback Ratio 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 3-Year Share Buyback Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Noble's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Noble's 3-Year Share Buyback Ratio falls into.
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Share Buyback Ratio of -5.70 mean?
Noble (NE) has a 3-Year Share Buyback Ratio of -5.70 as of Jun. 2026. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Noble and its competitors. According to the industry distribution chart, Noble ranks #390 out of 683 companies in the Oil & Gas industry, placing it in the top 57.1%.
Is Noble's 3-Year Share Buyback Ratio too high?
Noble's current 3-Year Share Buyback Ratio is -5.70. Based on the distribution chart, Noble ranks #390 out of 683 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 3-Year Share Buyback Ratio compare to RIG and VAL?
According to the Oil & Gas industry distribution chart, Noble ranks #390 out of 683 companies for 3-Year Share Buyback Ratio. This places Noble in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Share Buyback Ratio for an Oil & Gas company?
A good 3-Year Share Buyback Ratio depends on the Oil & Gas industry context. However, 3-Year Share Buyback Ratio 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 3-Year Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Noble and its competitors. Noble's current 3-Year Share Buyback Ratio is -5.70. 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 3-Year Share Buyback Ratio is -5.70. 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 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For Noble (NE), the current 3-Year Share Buyback Ratio is -5.70 as of Jun. 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:
3-Year Share Buyback Ratio: -5.70
GF Value™: $38.67 vs. price of $46.98 (21.5% above fair value)
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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3-Year Share Buyback Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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