Transocean Ltd. (RIG) P/E Ratio History
UndervaluedTrading at 20.2x vs 5Y avg 24.4x · 70th percentile · Below historical baseline · Data 1994–2026
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P/E Ratio Analysis
As of November 9, 2026, Transocean Ltd. (RIG) trades at a price-to-earnings ratio of 20.2x, with a stock price of $5.24 and trailing twelve-month earnings per share of $0.26.
The current P/E is 17% below its 5-year average of 24.4x. Over the past five years, RIG's P/E has ranged from a low of 2.2x to a high of 236.2x, placing the current valuation at the 70th percentile of its historical range.
Compared to the Energy sector median P/E of 12.6x, RIG trades at a 60% premium to its sector peers. The sector includes 159 companies with P/E ratios ranging from 0.1x to 148.1x.
Relative to the broader market, RIG trades roughly in line with the S&P 500 median P/E of 21.8x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our RIG DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
RIG Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
RIG P/E vs Peers
Offshore Drilling and Vessels peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $6B | 7.0 | -Best | +171% | |
| $7B | 121.6 | -Best | -54% | |
| $1B | 6.9Lowest | -Best | +417%Best | |
| $75B | 24.3 | -Best | -24% | |
| $27B | 13.2 | -Best | -47% | |
| $48B | 16.5 | -Best | -13% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
RIG Historical P/E Data (1994–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | Sep 30 2026 | $5.24 | $0.25 | 21.0x | -52% |
| FY2021 Q2 | Jun 30 2021 | $4.52 | $0.12 | 37.7x | -14% |
| FY2017 Q1 | Mar 31 2017 | $12.45 | $1.61 | 7.7x | -82% |
| FY2016 Q4 | Dec 31 2016 | $14.74 | $2.06 | 7.2x | -84% |
| FY2016 Q3 | Sep 30 2016 | $10.66 | $3.15 | 3.4x | -92% |
| FY2016 Q2 | - | $11.89 | $3.44 | 3.5x | -92% |
| FY2016 Q1 | - | $9.14 | $4.15 | 2.2x | -95% |
| FY2015 Q4 | - | $12.38 | $2.14 | 5.8x | -87% |
| FY2014 Q2 | Jun 30 2014 | $45.03 | $5.00 | 9.0x | -79% |
| FY2014 Q1 | Mar 31 2014 | $41.34 | $4.23 | 9.8x | -78% |
| FY2013 Q4 | - | $49.42 | $3.86 | 12.8x | -71% |
| FY2013 Q3 | Sep 30 2013 | $44.50 | $4.48 | 9.9x | -77% |
| FY2013 Q2 | Jun 30 2013 | $47.95 | $1.92 | 25.0x | -43% |
| FY2013 Q1 | Mar 31 2013 | $51.96 | $0.22 | 236.2x | +442% |
| FY2011 Q1 | - | $77.95 | $1.83 | 42.6x | -2% |
| FY2010 Q4 | Dec 31 2010 | $69.51 | $2.96 | 23.5x | -46% |
| FY2010 Q3 | - | $64.29 | $7.71 | 8.3x | -81% |
| FY2010 Q2 | Jun 30 2010 | $46.33 | $8.75 | 5.3x | -88% |
| FY2010 Q1 | Mar 31 2010 | $86.38 | $9.02 | 9.6x | -78% |
| FY2009 Q4 | - | $82.80 | $9.86 | 8.4x | -81% |
| FY2009 Q3 | Sep 30 2009 | $85.53 | $10.12 | 8.5x | -81% |
| FY2009 Q2 | - | $74.29 | $11.37 | 6.5x | -85% |
| FY2009 Q1 | - | $58.84 | $12.33 | 4.8x | -89% |
| FY2008 Q4 | Dec 31 2008 | $47.25 | $12.98 | 3.6x | -92% |
| FY2008 Q3 | - | $109.84 | $14.11 | 7.8x | -82% |
| FY2008 Q2 | Jun 30 2008 | $152.39 | $13.91 | 11.0x | -75% |
| FY2008 Q1 | Mar 31 2008 | $135.20 | $12.30 | 11.0x | -75% |
| FY2007 Q4 | Dec 31 2007 | $143.15 | $11.34 | 12.6x | -71% |
| FY2007 Q3 | Sep 30 2007 | $113.05 | $9.69 | 11.7x | -73% |
| FY2007 Q2 | Jun 30 2007 | $105.98 | $7.41 | 14.3x | -67% |
| FY2007 Q1 | Mar 31 2007 | $81.70 | $6.32 | 12.9x | -70% |
| FY2006 Q4 | Dec 31 2006 | $80.89 | $4.31 | 18.8x | -57% |
| FY2006 Q3 | Sep 30 2006 | $73.23 | $2.78 | 26.3x | -40% |
| FY2006 Q2 | Jun 30 2006 | $80.32 | $2.32 | 34.6x | -21% |
| FY2006 Q1 | Mar 31 2006 | $80.30 | $2.47 | 32.5x | -25% |
| FY2005 Q4 | Dec 31 2005 | $69.69 | $2.14 | 32.6x | -25% |
| FY2005 Q3 | Sep 30 2005 | $61.31 | $1.45 | 42.3x | -3% |
| FY2005 Q2 | - | $53.97 | $1.42 | 38.0x | -13% |
| FY2005 Q1 | - | $51.46 | $0.67 | 76.8x | +76% |
| FY2004 Q4 | Dec 31 2004 | $42.39 | $0.46 | 92.2x | +111% |
| FY2004 Q3 | - | $35.78 | $0.71 | 50.6x | +16% |
| FY2004 Q2 | Jun 30 2004 | $28.94 | $0.27 | 108.3x | +148% |
| FY2003 Q4 | Dec 31 2003 | $24.01 | $0.06 | 419.8x | +863% |
| FY2001 Q4 | Dec 31 2001 | $33.82 | $0.80 | 42.3x | -3% |
| FY2001 Q3 | Sep 30 2001 | $26.40 | $0.58 | 45.8x | +5% |
| FY2001 Q2 | Jun 30 2001 | $41.25 | $0.51 | 81.4x | +87% |
| FY2001 Q1 | Mar 31 2001 | $43.35 | $0.47 | 92.9x | +113% |
| FY2000 Q4 | Dec 31 2000 | $46.00 | $0.51 | 90.8x | +108% |
| FY1999 Q3 | - | $30.63 | $1.67 | 18.3x | -58% |
| FY1999 Q2 | Jun 30 1999 | $26.25 | $2.30 | 11.4x | -74% |
| FY1999 Q1 | Mar 31 1999 | $28.81 | $2.74 | 10.5x | -76% |
| FY1998 Q4 | - | $26.81 | $3.41 | 7.9x | -82% |
| FY1998 Q3 | Sep 30 1998 | $34.69 | $2.97 | 11.7x | -73% |
| FY1998 Q2 | - | $44.50 | $2.43 | 18.3x | -58% |
| FY1998 Q1 | - | $51.44 | $2.01 | 25.6x | -41% |
| FY1997 Q4 | Dec 31 1997 | $48.19 | $1.51 | 31.9x | -27% |
| FY1997 Q1 | Mar 31 1997 | $28.06 | $0.05 | 561.2x | +1187% |
| FY1996 Q3 | Sep 30 1996 | $30.63 | $1.10 | 27.8x | -36% |
| FY1996 Q2 | Jun 30 1996 | $25.25 | $1.16 | 21.8x | -50% |
| FY1996 Q1 | Mar 31 1996 | $25.50 | $0.89 | 28.7x | -34% |
| FY1995 Q4 | Dec 31 1995 | $22.38 | $0.82 | 27.3x | -37% |
| FY1995 Q3 | Sep 30 1995 | $16.31 | $0.77 | 21.2x | -51% |
| FY1995 Q2 | Jun 30 1995 | $14.38 | $0.45 | 32.0x | -27% |
| FY1995 Q1 | Mar 31 1995 | $11.63 | $0.29 | 40.1x | -8% |
| FY1994 Q4 | Dec 31 1994 | $8.88 | $0.24 | 37.0x | -15% |
| FY1994 Q3 | Sep 30 1994 | $9.94 | $0.29 | 34.3x | -21% |
| FY1994 Q2 | - | $9.75 | $0.28 | 34.8x | -20% |
Average P/E for displayed period: 43.6x
RIG Chart Terminal
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Intrinsic Valuation
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Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
RIG — Frequently Asked Questions
Quick answers to the most common questions about buying RIG stock.
What is RIG's P/E ratio?
Transocean Ltd. (RIG) trailing twelve-month P/E ratio is 20.2x, based on TTM diluted EPS of $0.26. The 5-year average P/E is 24.4x and the historical range spans 2.2x to 236.2x.
Is RIG stock overvalued or undervalued?
RIG trades at 20.2x P/E, near its 5-year average of 24.4x. The 70th percentile ranking within the 2.2x–236.2x historical range places valuation within normal bounds.
Is RIG stock expensive?
RIG is fairly valued relative to its own history. The current P/E of 20.2x is near the 5-year average of 24.4x (70th percentile of historical range).
What is RIG's historical P/E range?
Over the past 5 years, RIG's P/E ratio has ranged from 2.2x to 236.2x, with a median of 9.6x and an average of 24.4x. The current P/E of 20.2x places the stock at the 70th percentile of this range. Full historical data spans 1994–2026.
How does RIG's P/E compare to the S&P 500?
RIG trades at 20.2x P/E versus the S&P 500 median of 21.8x. The 7% discount to the market suggests lower growth expectations or perceived higher risk.
How does RIG's valuation compare to Energy peers?
Transocean Ltd. P/E of 20.2x compares to the Energy sector median of 12.6x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is RIG's PEG ratio?
RIG PEG ratio is N/A, based on a P/E of 20.2x and EPS growth of -300.0%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is RIG's earnings yield?
RIG earnings yield is 4.94%, the inverse of its 20.2x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.