NE has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
NE has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Mohanram G-Score is a financial indicator developed by professor Partha Mohanram to help investors find the best investment opportunities in the growth stocks. Companies have higher G-score tends to generate higher return. According to his study, the best growth stocks that have a G-Score greater than 6 tend to beat the market, while those with a G-Score lower than 1 tend to have negative absolute returns.
Thus, the zones of discrimination were as such:
Good or high score = 6, 7, 8
Bad or low score = 0, 1
Noble has an G-score of 0. It is a bad or low score, which tends to have negative absolute returns.
The historical rank and industry rank for Noble's Mohanram G-Score or its related term are showing as below:
The historical data trend for Noble's Mohanram G-Score can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Noble Annual Data | |
Trend | |
Mohanram G-Score |
Noble Quarterly Data |
Mohanram G-Score |
The calculation of the Mohanram G-score consists of eight criteria. Assign one point for each criterion met, then add up all the points to get the G-Score.
Profitability
Question 1. Return on Assets (ROA)
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. It measures how well a company uses its asset to generate earnings.
Score 1 if ROA > ROA Industry Median, 0 otherwise.
Question 2. Cash ROA
Cash ROA equals to Cash Flow from Operations divided by average Total Assets. It measures how well a company uses its asset to generate cash.
Score 1 if Cash ROA > Cash ROA Industry Median, 0 otherwise.
Question 3. CFO and Net Income
Score 1 if CFO > Net Income, 0 otherwise.
Earnings Predictability
Question 4. Earnings Variability
Earnings Variability is measured as the variance of a firm's ROA in the past five years.
Score 1 if Earnings Variability < Earnings Variability Industry Median, 0 otherwise.
Question 5. Sales Growth Variability
Sales Growth Variability is measured as the 5-year variance in sales growth.
Score 1 if Sales Growth Variability < Sales Growth Variability Industry Median, 0 otherwise.
Accounting Conservatism
Question 6. Research & Development Intensity
Research & Development Intensity is calcualted by Research & Development divided by the beginning Total Assets.
Score 1 if Research & Development Intensity > Research & Development Intensity Industry Median, 0 otherwise.
Question 7. CAPEX Intensity
CAPEX Intensity is calcualted by Capital Expenditure divided by the beginning Total Assets.
Score 1 if CAPEX Intensity > CAPEX Intensity Industry Median, 0 otherwise.
Question 8. Advertising Expenditure Intensity
Advertising Expenditure Intensity is calcualted by Advertising Expenditure divided by the beginning Total Assets. Note that Advertising Expenditure is not reported as a seperate line item for many companies, thus Selling, General, & Admin. Expense is used in this calculation.
Score 1 if Advertising Expenditure Intensity > Advertising Expenditure Intensity Industry Median, 0 otherwise.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Note that all the Industry Median used for comparison in his original research, are substituted with Sector Median due to the limitation of data within certain countries.
Good or high score = 6, 7, 8
Bad or low score = 0, 1
Noble has an G-score of 0. It is a bad or low score, which tends to have negative absolute returns.
Noble (NYSE:NE) Mohanram G-Score Explanation
Partha Mohanram is the John H. Watson Chair in Value Investing at Rotman and the Acting Vice-Dean of Research Strategy and Resources.
In 2000, he wrote a research paper called "Separating Winners from Losers Among Low Book-to-Market Stocks Using Financial Statement Analysis".
This paper tests whether a strategy based on financial statement analysis of low book-to-market (growth) stocks is successful in differentiating between winners and losers in terms of future stock performance. Based on the research, a strategy based on buying high G-score (6, 7 or 8) firms and shorting low G-score (0 or 1) firms consistently earns significant excess returns. Further, the results do not support a risk based explanation for the book-to-market effect as the strategy returns positive returns in all years, and firms that ex-ante appear less risky have better future returns.
To conclude, one can use a modified fundamental analysis strategy (G-score) to identify mispricing and earn substantial abnormal returns.
Thank you for viewing the detailed overview of Noble's Mohanram G-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Pacific Investment Management Co Llc | 10 percent owner | 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660 |
Laura D. Campbell | officer: VP, CAO & Controller | 13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478 |
Richard B. Barker | officer: Sr. VP & CFO | 13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478 |
Paul Aronzon | director | 13135 DAIRY ASHFORD, SUITE 800, SUGAR LAND TX 77478 |
Charles M Sledge | director | 1611 SCENIC MOUNTAIN COURT, KINGWOOD TX 77345 |
Blake Denton | officer: VP, Marketing & Contracts | 13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478 |
Melanie Montague Trent | director | 2800 POST OAK BLVD., SUITE 5450, HOUSTON TX 7056 |
Robert W. Eifler | director, officer: President & CEO | 13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478 |
William E Turcotte | officer: Sr. VP, Gen Counsel & Corp Sec | 1700 WEST LOOP SOUTH, SUITE 1500, HOUSTON TX 77027 |
Joey M Kawaja | officer: VP, Operations | 13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478 |
Ann Darlene Pickard | director | 601 JEFFERSON STREET, HOUSTON TX 77002 |
Bartels Patrick J Jr | director | C/O WCI COMMUNITIES, INC., 24301 WALDEN CENTER DRIVE, BONITA SPRINGS FL 34134 |
Al J. Hirshberg | director | SHIPPING & RECEIVING CENTER, 16930 PARK ROW DR., HOUSTON TX 77084 |
Kevin S Corbett | director | 13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478 |
Stephen M Butz | officer: Executive VP & CFO | C/O HERCULES OFFSHORE, INC., 9 GREENWAY PLAZA, SUITE 2200, HOUSTON TX 77046 |
From GuruFocus
By PRNewswire • 10-22-2023
By PRNewswire • 11-30-2023
By PRNewswire PRNewswire • 10-19-2022
By James Li • 02-03-2023
By PRNewswire PRNewswire • 05-03-2023
By GuruFocus Research • 10-31-2023
By PRNewswire • 11-22-2023
By PRNewswire • 07-11-2023
By PRNewswire PRNewswire • 02-17-2023
By GuruFocus Research • 05-27-2023
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.