NE

Noble Corporation Plc

Energy · $6.8B market cap

Share price

$40.70

close of Oct 3, 2026

Fair value

$28.70

Sticker Price

Payback Price

$11.48

buy price

Overpriced

NE is Overpriced: at $40.70 it trades 42% above its fair value of $28.70. Its buy price (Payback Price) is $11.48, 72% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth—?

Equity per share growth12.6% a year✓

Sales growth-2.4% a year✗

Free cash flow growth-8.6% a year✗

Return on invested capital9.0%✗

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Superinvestors

2 of the investors we track hold NE. In Q2 2026, 1 trimmed and 1 sold out. Who we track

First Eagle Investment Management

First Eagle Investment Management · as of Q2 2026

$520.6M

13,957,162 shares

Samantha McLemore

Patient Capital Management · as of Q2 2026

$3.7M

100,000 shares

Moves in Q2 2026

Trimmed: Samantha McLemore

Sold out: Tweedy Browne

Insider activity

Since Sep 4, 2026: no open-market purchases and 1 other filing (stock awards, tax withholding and similar). Why purchases matter

Other filings

Eifler Robert W.

President & CEO · 2026-09-04

G-Gift

21,750 shares

About Noble Corporation Plc

Operating globally through its subsidiaries, Noble Corporation Plc functions as an offshore drilling contractor for the oil and gas sector. The company delivers essential contract drilling services, leveraging its diverse fleet of mobile offshore units. As of February 16, 2022, this fleet comprised 20 offshore drilling units, specifically consisting of 12 floaters and 8 jackups. Established in 1921, Noble…

Oil & Gas Drilling