Transocean Ltd. (RIG) Financial Ratios
30 years of historical data (1996–2025) · Energy · Oil & Gas Drilling
EV/EBITDA
↓
6.93
↓-37% vs avg
5yr avg: 10.93
30Y Low4.6·High38.3
P/FCF
↑
7.66
↓-21% vs avg
5yr avg: 9.70
30Y Low3.1·High176.2
P/B Ratio
↑
0.63
↑+80% vs avg
5yr avg: 0.35
30Y Low0.1·High3.2
ROE
↓
-31.7%
↑-180% vs avg
5yr avg: -11.3%
30Y Low-41%·High32%
Debt/EBITDA
↓
4.15
↓-48% vs avg
5yr avg: 8.03
30Y Low1.4·High30.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
RIG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Transocean Ltd. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 7.7x P/FCF, 21% below the 5-year average of 9.7x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.8B | $4.0B | $3.5B | $4.9B | $3.2B | $1.8B | $1.4B | $4.2B | $3.2B | $4.2B | $5.4B |
| Enterprise Value | $9.5B | $8.6B | $10.2B | $12.0B | $10.3B | $8.5B | $8.6B | $12.3B | $11.1B | $9.1B | $10.8B |
| P/E Ratio → | -1.75 | — | — | — | — | — | — | — | — | — | 7.02 |
| P/S Ratio | 1.21 | 1.00 | 0.98 | 1.72 | 1.24 | 0.69 | 0.45 | 1.36 | 1.08 | 1.40 | 1.30 |
| P/B Ratio | 0.63 | 0.49 | 0.34 | 0.47 | 0.30 | 0.16 | 0.12 | 0.35 | 0.25 | 0.33 | 0.34 |
| P/FCF | 7.66 | 6.33 | 17.97 | — | — | 4.79 | 10.68 | — | 8.68 | 6.45 | 9.54 |
| P/OCF | 6.40 | 5.29 | 7.76 | 29.74 | 7.11 | 3.06 | 3.57 | 12.38 | 5.82 | 3.65 | 2.83 |
P/E links to full P/E history page with 30-year chart
RIG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Transocean Ltd.'s enterprise value stands at 6.9x EBITDA, 37% below its 5-year average of 10.9x. The Energy sector median is 7.8x, placing the stock at a 12% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.18 | 2.88 | 4.23 | 4.01 | 3.32 | 2.74 | 3.98 | 3.67 | 3.05 | 2.60 |
| EV / EBITDA | 6.93 | 6.32 | 9.11 | 16.83 | 12.42 | 9.97 | 17.18 | 38.29 | — | — | 5.41 |
| EV / EBIT | 13.41 | — | — | — | — | — | 254.11 | — | — | — | 8.06 |
| EV / FCF | — | 13.78 | 52.62 | — | — | 23.09 | 64.96 | — | 29.59 | 13.99 | 19.09 |
RIG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Transocean Ltd. earns an operating margin of 17.8%, above the Energy sector average of 13.8%. Operating margins have expanded from -3.0% to 17.8% over the past 3 years, signaling improving operational efficiency. A negative ROE of -31.7% indicates the company is currently destroying shareholder equity. ROIC of 3.6% represents below-average returns on invested capital versus a sector median of 6.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 83.4% | 83.4% | 79.0% | 73.7% | 71.5% | 71.0% | 75.2% | 72.3% | 72.9% | 72.0% | 78.5% |
| Operating Margin | 17.8% | 17.8% | 10.6% | -3.0% | -0.8% | -4.4% | -15.6% | -23.3% | -41.5% | -84.3% | 26.6% |
| Net Profit Margin | -73.5% | -73.5% | -14.5% | -33.7% | -24.1% | -23.2% | -18.0% | -40.6% | -66.1% | -105.2% | 18.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -31.7% | -31.7% | -4.9% | -9.0% | -5.6% | -5.2% | -4.9% | -10.0% | -15.5% | -21.9% | 5.1% |
| ROA | -16.7% | -16.7% | -2.6% | -4.7% | -3.0% | -2.8% | -2.5% | -5.0% | -8.3% | -12.7% | 2.9% |
| ROIC | 3.6% | 3.6% | 1.6% | -0.4% | -0.1% | -0.5% | -1.9% | -2.6% | -4.9% | -9.7% | 3.9% |
| ROCE | 4.4% | 4.4% | 2.0% | -0.5% | -0.1% | -0.6% | -2.3% | -3.1% | -5.5% | -10.9% | 4.6% |
RIG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Transocean Ltd. carries a Debt/EBITDA ratio of 4.1x, which is highly leveraged (59% above the sector average of 2.6x). Net debt stands at $4.7B ($5.7B total debt minus $997M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.70 | 0.70 | 0.70 | 0.75 | 0.72 | 0.69 | 0.73 | 0.83 | 0.76 | 0.58 | 0.54 |
| Debt / EBITDA | 4.15 | 4.15 | 6.50 | 11.04 | 9.41 | 9.05 | 16.65 | 30.74 | — | — | 4.23 |
| Net Debt / Equity | — | 0.57 | 0.65 | 0.68 | 0.66 | 0.60 | 0.63 | 0.68 | 0.60 | 0.38 | 0.34 |
| Net Debt / EBITDA | 3.42 | 3.42 | 6.00 | 9.97 | 8.58 | 7.90 | 14.35 | 25.17 | — | — | 2.71 |
| Debt / FCF | — | 7.44 | 34.65 | — | — | 18.30 | 54.28 | — | 20.90 | 7.54 | 9.54 |
| Interest Coverage | -4.31 | -4.31 | -0.44 | -0.46 | -0.00 | -0.05 | 0.06 | -0.82 | -1.86 | -5.12 | 3.28 |
RIG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.56x means Transocean Ltd. can comfortably meet its short-term obligations, though there is limited excess liquidity.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.56 | 1.56 | 1.47 | 1.52 | 1.29 | 1.88 | 1.98 | 2.11 | 2.71 | 3.36 | 2.57 |
| Quick Ratio | 1.27 | 1.27 | 1.47 | 1.22 | 1.04 | 1.57 | 1.66 | 1.83 | 2.38 | 3.06 | 2.29 |
| Cash Ratio | 0.75 | 0.75 | 0.34 | 0.71 | 0.44 | 0.75 | 0.83 | 1.04 | 1.48 | 2.17 | 1.54 |
| Asset Turnover | — | 0.25 | 0.18 | 0.14 | 0.13 | 0.12 | 0.14 | 0.13 | 0.12 | 0.13 | 0.15 |
| Inventory Turnover | 1.74 | 1.74 | — | 1.75 | 1.89 | 1.89 | 1.80 | 1.78 | 1.73 | 1.99 | 1.59 |
| Days Sales Outstanding | — | 49.71 | 58.73 | 65.99 | 68.75 | 70.26 | 67.51 | 77.30 | 73.05 | 73.17 | 78.77 |
RIG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Transocean Ltd. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | 14.2% |
| FCF Yield | 13.1% | 15.8% | 5.6% | — | — | 20.9% | 9.4% | — | 11.5% | 15.5% | 10.5% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $960M | $925M | $768M | $699M | $637M | $615M | $612M | $468M | $391M | $367M |
Peer Comparison
Compare RIG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 RIGYou | $5B | -1.7 | 6.9 | 7.7 | 83.4% | 17.8% | -31.7% | 3.6% | 4.1 |
 VAL | $5B | 5.7 | 9.4 | 26.8 | 25.0% | 20.9% | 36.3% | 10.9% | 1.9 |
 NE | $7B | 30.9 | 7.4 | 15.4 | 19.7% | 15.7% | 4.7% | 6.2% | 1.8 |
 SDRL | $2B | -31.1 | 8.7 | — | 12.0% | 4.9% | -2.7% | 1.7% | 2.0 |
 HP | $3B | -21.1 | 6.5 | 30.0 | 14.8% | 6.2% | -5.7% | 3.7% | 2.7 |
 NBR | $1B | 5.1 | 3.3 | — | 19.5% | 8.3% | 18.8% | 6.2% | 2.8 |
 PD | $773M | 4.5 | 50.1 | 6.9 | 84.9% | 1.2% | 83.0% | 1.2% | 21.8 |
 PTEN | $4B | -41.8 | 5.1 | 10.2 | 4.8% | -0.5% | -2.8% | -0.4% | 1.4 |
 SLB | $72B | 20.5 | 11.1 | 15.1 | 18.2% | 15.3% | 13.5% | 12.1% | 1.7 |
 HAL | $29B | 23.3 | 10.3 | 17.4 | 15.7% | 10.2% | 12.2% | 10.2% | 2.4 |
 BKR | $58B | 22.5 | 12.9 | 22.8 | 23.6% | 12.8% | 14.4% | 12.7% | 1.5 |
| Energy Median | — | 15.5 | 7.8 | 13.8 | 33.7% | 13.8% | 7.2% | 6.2% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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RIG — Frequently Asked Questions
Quick answers to the most common questions about buying RIG stock.
What is Transocean Ltd.'s P/E ratio?
Transocean Ltd.'s current P/E ratio is -1.7x. The historical average is 26.5x.
What is Transocean Ltd.'s EV/EBITDA?
Transocean Ltd.'s current EV/EBITDA is 6.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.6x.
What is Transocean Ltd.'s ROE?
Transocean Ltd.'s return on equity (ROE) is -31.7%. The historical average is -0.5%.
Is RIG stock overvalued?
Based on historical data, Transocean Ltd. is trading at a P/E of -1.7x. Compare with industry peers and growth rates for a complete picture.
What are Transocean Ltd.'s profit margins?
Transocean Ltd. has 83.4% gross margin and 17.8% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Transocean Ltd. have?
Transocean Ltd.'s Debt/EBITDA ratio is 4.1x, indicating high leverage. A ratio above 4x may signal elevated financial risk.