P/E ratio for Noble Corporation (NE)
P/E ratio as of May 2024 (TTM): 13.9
According to Noble Corporation 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.8576. 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 |
|---|---|---|
| 2022 | 25.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Helmerich & Payne
HP | 10.0 | -27.82% | 🇺🇸 USA |
 Transocean RIG | -3.66 | -126.40% | 🇨🇭 Switzerland |
 Nabors Industries
NBR | -7.91 | -157.08% | 🇧🇲 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.