Noble Price Earnings Ratio from 2010 to 2024

Noble Plc stakeholders use historical fundamental indicators, such as Noble Plc's Price Earnings Ratio, to determine how well the company is positioned to perform in the future. Although Noble Plc investors may analyze each financial statement separately, they are all interrelated. For example, changes in Noble Plc's assets and liabilities are reflected in the revenues and expenses on Noble Plc's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Noble plc. Please read more on our technical analysis and fundamental analysis pages.

Check out the analysis of Noble Plc Correlation against competitors. For information on how to trade Noble Stock refer to our How to Trade Noble Stock guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Is Energy Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Noble Plc. If investors know Noble will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Noble Plc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

The market value of Noble plc is measured differently than its book value, which is the value of Noble that is recorded on the company's balance sheet. Investors also form their own opinion of Noble Plc's value that differs from its market value or its book value, called intrinsic value, which is Noble Plc's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Noble Plc's market value can be influenced by many factors that don't directly affect Noble Plc's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Noble Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Noble Plc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Noble Plc's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.