Noble Corporation
NE
#2836
Rank
S$6.24 B
Marketcap
$38.91
Share price
-0.62%
Change (1 day)
-38.03%
Change (1 year)

P/E ratio for Noble Corporation (NE)

P/E ratio as of December 2024 (TTM): 8.38

According to Noble Corporation 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.38372. At the end of 2022 the company had a P/E ratio of 25.0.

P/E ratio history for Noble Corporation from 2022 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202225.0

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
7.97-4.92%๐Ÿ‡บ๐Ÿ‡ธ USA
-2.15-125.67%๐Ÿ‡จ๐Ÿ‡ญ Switzerland
-5.70-168.01%๐Ÿ‡ง๐Ÿ‡ฒ Bermuda

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.