Valaris is an offshore contract driller, operating drillships, semi-submersible rigs and jackups that it leases to oil and gas majors and national oil companies on multi-year day-rate contracts. The structural case rests on that fleet: offshore floaters are scarce after years of underinvestment, and new-build costs have pushed day rates for high-specification rigs upward. The near-term catalyst is the conversion of the contracted backlog into cash as older contracts roll onto higher day rates, which is what the market will need to see before the forward multiple compresses. The numbers are split: trailing P/E of 6.3 and ROE of 33.6% sit against revenue down 12.4% and an operating margin of 9.8%, and the forward P/E of 29.1 implies earnings are expected to fall sharply before any recovery. That gap between a cheap trailing multiple and a demanding forward one is the first thing to resolve in the deeper work, along with backlog conversion and the fleet's utilisation rate.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 21 Oct 2026, 13:04 CEST | Rating | Overvalued | first publication | $88.35 |
| 12 Oct 2026, 00:00 CEST | Fair value | $68.17 | $64.87 | $83.65 |
| 10 Oct 2026, 00:00 CEST | ACCE price target | $78.00 | first publication | $83.96 |
| 1 Oct 2026, 00:00 CEST | Fair value | $64.87 | $66.21 | $78.45 |
| 26 Sept 2026, 00:00 CEST | Fair value | $66.21 | $68.13 | $81.79 |
| 19 Sept 2026, 00:00 CEST | Fair value | $68.13 | $70.72 | $84.05 |
| 17 Sept 2026, 00:00 CEST | Fair value | $70.72 | $66.78 | $88.23 |
| 14 Sept 2026, 00:00 CEST | Fair value | $66.78 | $67.88 | $83.73 |
| 9 Sept 2026, 00:00 CEST | Fair value | $67.88 | $66.20 | $86.74 |
| 6 Sept 2026, 00:00 CEST | Fair value | $66.20 | $69.56 | $86.74 |
Answered from Valaris Limited Common Shares fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| VAL Valaris Limited Common Shares | $97.33 | $68 | 42% above | 6.9x | 33.6% | 76 | 57 |
| RIG Transocean Ltd (Switzerland) Common Stock | $6.41 | - | - | - | -18.7% | 52 | 49 |
| NE Noble Corporation plc A Ordinary Shares | $47.70 | $35 | 36% above | 46.8x | 3.3% | 51 | 46 |
| PTEN Patterson-UTI Energy Inc. Common Stock | $11.97 | $10 | 16% above | - | -2.8% | 31 | 47 |
| HP Helmerich & Payne Inc. Common Stock | $38.95 | $31 | 28% above | - | -4.6% | 35 | 44 |
| SDRL Seadrill Limited Common Shares | $52.35 | $24 | 119% above | 1745.0x | 0.0% | 55 | 68 |
| BORR Borr Drilling Limited Common Shares | $4.40 | $3 | 27% above | - | -24.7% | 29 | 42 |
Where VAL ranks against its sector peers on each metric.