Valaris Limited

VAL Energy Oil & Gas Drilling

Valaris Limited’s revenue for fiscal 2025 (year ended December 2025) was $2.4 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue fell 12.4%, EPS fell 54.9%, free cash flow fell 159.6% and total debt was flat, each against the same quarter a year earlier. Revenue growth for three consecutive years, operating cash flow growth for five.

85.44 1.69 +2.02%
Market cap
$5.8B
P/E
6.3×
Fwd P/E
25.3×
Dividend yield
—
F-score
7/9
Altman Z
2.49
Beneish M
−2.21
Dividend safety
n/a

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 30.09%

Capital & Financial Ratios $m

Market Cap 5,820.00
Revenue 2,137.70
Net Income 933.10
Free Cash Flow 146.50
Net Debt 546.40
Current Ratio 1.55 (at or above 1.5: strong)
Debt/Equity 0.34 (at or below 0.5: strong)
P/E ratio 6.34
Fwd P/E 25.30
P/S ratio 2.77
P/B ratio 1.84
Past 5Y EPS Growth —
This Y EPS Growth (78.37%) (below 0%: weak)
Next Y EPS Growth 127.76% (at or above 15%: strong)
Next Y revenue growth (7.56%) (below 0%: weak)
Next 5Y EPS Growth (17.15%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 31.33%
10-year low 10-year high
P/S against its own 10 years 59.99%
10-year low 10-year high
P/B against its own 10 years 34.18%
10-year low 10-year high
EV/Sales against its own 10 years 50.87%
10-year low 10-year high
EV/FCF against its own 10 years 74.61%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2019 0.04
0.04
2018 0.16
0.04
0.04
0.04
0.04
2017 0.90
0.37
0.04
0.37
0.04
0.04
0.04
2016 1.19
0.04
0.33
0.04
0.33
0.04
0.37
0.04
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 636 368 599 541
Receivables 459 571 475 458
Inventory — — — —
Other 177 139 151 199
1,272 1,079 1,225 1,199
2023 2024 2025 Q'26
Payables 400 329 348 416
ST’ Debt — — — —
Other — — — —
744 680 692 775

Compound Annual Growth %

10y 5y 3y
Sales — 10.67% 13.92%
Cash Flow — 0.00% 62.62%
Earnings — 0.00% 77.24%
Book Value — (6.21%) 34.69%

Revenue $m

Mar Jun Sep Dec Year
’26 465 539 — — —
’25 621 615 596 537 2,369
’24 525 610 643 584 2,363
’23 430 415 455 484 1,784
’22 318 413 437 434 1,603
’21 307 293 327 306 1,232
’20 457 389 285 296 1,427
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 75 13 — — —
’25 156 120 198 72 546
’24 26 12 193 125 355
’23 152 (29) 48 97 268
’22 1 (115) 86 155 127
’21 (32) (34) 7 (7) (66)
’20 (204) (177) (15) 145 (252)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (21) (37) — — —
’25 74 63 237 (32) 341
’24 (125) (99) 111 16 (97)
’23 95 (71) (57) (365) (398)
’22 (36) (31) 33 104 70
’21 (34) (18) (7) (10) (70)
’20 (230) (204) (1) 141 (294)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.24) 0.72 — — —
’25 (0.53) 1.61 2.65 10.26 13.99
’24 0.35 2.03 0.88 1.88 5.14
’23 0.61 (0.39) 0.17 11.30 11.69
’22 (0.51) 1.48 0.98 0.38 2.33
’21 (4.56) (47.47) (0.73) 0.37 (59.83)
’20 (15.20) (5.58) (3.37) (0.27) (24.42)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — — — — 20.25 36.17 54.13 39.90 27.15

Analyst estimates 2026–2028

Powerpack
High — — — — — 39.14 70.17 80.00 84.20 61.70
People
People Employees — — — 5,800 4,500 4,900 5,450 5,985 5,642 5,070
Revenue/emp, $m — — 0.00 0.35 0.32 0.25 0.29 0.30 0.42 0.47
Income, $m
Income, $m Revenue — — 1,705 2,053 1,427 1,232 1,603 1,784 2,363 2,369
Gross margin, % — — 22.63 12.04 (3.03) 13.35 13.68 13.49 25.47 31.21
EBT — — (539) (64) (5,117) (4,435) 225 84 370 552
EBT margin, % — — (31.60) (3.11) (358.53) (359.85) 14.03 4.72 15.67 23.31
Net income — 0 (637) (192) (4,858) (4,487) 182 867 370 979
Depreciation — — 439 593 547 224 91 101 122 146
Per share, $
Per share, $ Revenue — — 15.72 11.84 7.18 16.43 21.34 24.08 32.77 33.56
Earnings — — (5.87) (1.11) (24.42) (59.83) 2.36 11.69 5.19 14.07
Cash flow — — (0.51) (1.60) (1.27) (0.88) 1.69 3.61 4.93 7.74
Capex — — (3.83) (1.21) (0.21) (0.05) (0.75) (8.99) (6.27) (2.91)
Free cash flow — — (4.34) (2.80) (1.48) (0.93) 0.94 (5.38) (1.34) 4.82
Book value — — 74.55 53.69 21.97 14.37 17.28 26.95 31.13 44.92
Shares, m — — 109 173 199 75 75 74 72 71
Valuation, ×
Valuation, × P/E — — 0.00 0.00 0.00 0.00 27.10 5.73 8.52 3.58
P/S — — 3.70 3.70 3.70 2.19 3.00 2.83 1.35 1.50
P/B — — 1.37 1.37 1.37 2.51 3.70 2.53 1.42 1.12
EV/Sales — — 8.65 8.65 8.65 4.15 4.44 4.49 2.72 2.77
EV/FCF — — (113.44) (113.44) (113.44) (73.44) 101.20 (20.10) (66.28) 19.27
Cash, $m
Cash, $m Operating cash flow — — (56) (277) (252) (66) 127 268 355 546
Capex — — (416) (209) (42) (4) (57) (666) (452) (206)
Free cash flow — — (471) (486) (294) (70) 70 (398) (97) 341
Balance, $m
Balance, $m Working capital — — 781 234 746 785 842 528 399 534
Total debt — — 5,010 6,048 — 545 542 1,079 1,083 1,086
Net debt — — 4,406 5,951 (337) (99) (206) 444 715 487
Shareholders’ equity — — 8,089 9,310 4,370 1,077 1,298 1,997 2,244 3,172
Returns, %
Returns, % ROA — — (9.12) (1.28) (32.58) (58.08) 6.46 24.10 8.54 20.21
ROIC — — (1.18) (2.74) (67.17) (57.34) 2.13 1.37 7.44 8.15
ROE — — (7.35) (2.28) (70.99) (165.00) 14.86 52.53 17.61 36.29
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Valaris Limited vs peers in Oil & Gas Drilling (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NE Noble Corporation PLC $6.9B 46.4× 29.7× −15.20% (below 0%: shrinking) n/m −152.06% (below 0%: shrinking) 37.99% 4.23% Compare
RIG Transocean Ltd. $6.2B — (loss-making) 31.8× −2.23% (below 0%: shrinking) n/m +90.18% (above 0%: growing) 100.00% 15.73% Compare
VAL Valaris Limited $5.8B 6.3× 25.3× −12.35% (below 0%: shrinking) −54.94% (below 0%: shrinking) −159.58% (below 0%: shrinking) 22.94% 9.48%
PTEN Patterson-UTI Energy, Inc. $4.3B — (loss-making) — (loss-making) +0.71% (above 0%: growing) n/m −598.20% (below 0%: shrinking) 22.85% (0.57%) Compare
HP Helmerich & Payne, Inc. $3.8B — (loss-making) — (loss-making) −0.58% (below 0%: shrinking) n/m +574.70% (above 0%: growing) 29.52% 18.19% Compare
SDRL Seadrill Limited $2.9B 1,575× 123× +19.10% (above 0%: growing) n/m −258.33% (below 0%: shrinking) 52.12% 16.04% Compare
BORR Borr Drilling Limited $1.4B — (loss-making) — (loss-making) −13.22% (below 0%: shrinking) n/m −323.94% (below 0%: shrinking) 24.62% 0.13% Compare
NBR Nabors Industries Ltd. $1.2B 5.3× — (loss-making) −2.62% (below 0%: shrinking) n/m +135.53% (above 0%: growing) 37.87% 7.05% Compare
SOC Sable Offshore Corp. $637.0M — (loss-making) — — n/m +90.17% (above 0%: growing) 100.00% (48.78%) Compare
Median of peers $3.3B 46.4× 31.8× −2.23% — −30.94% 37.93% 5.64%

All 9 Oil & Gas Drilling stocks →

Valaris Limited (VAL) key facts

  • Valaris Limited (VAL) is an Oil & Gas Drilling company in the Energy sector, listed on the New York Stock Exchange.
  • Valaris Limited’s revenue for fiscal 2025 (year ended December 2025) was $2.4 billion, roughly unchanged from fiscal 2024.
  • As of October 16, 2026, VAL traded at $85.44, a market capitalization of $5.8 billion.
  • Return on equity was 36.3% and debt-to-equity 0.34.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 2.49 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Valaris Limited (VAL) Latest News

8 Sep

21 Jul

Impact 4 · earnings

25 Jun

stockrow.com/VAL · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com