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The Screen · Energy · Oil & Gas Drilling
Valaris Limited
VAL · the NYSE · USD · Market cap $5.7B · 3,800 employees
Valaris Limited, together with its subsidiaries, provides offshore contract drilling services in Brazil, the United Kingdom, Gulf of America, Australia, Angola, and internationally.
Positioning no disclosures inside 60 days, left as found
Options put/call open interest 0.03, read 2026-11-05
Ethical passes the values gate
Price77.32 USD
Fair value49.53
Ethical score70.0/100
Value readOvervaluedas of 5 Nov 2026
Our investment reviews on this name
2026-11-04Read Markup89.99-14.1% to today Accumulation gives way to Markup first Markup read since October
2026-10-21Read Accumulation88.35-12.5% to today Markup gives way to Accumulation after a 6% rise in 7 days
2026-10-14Read Markup83.65-7.6% to today Distribution gives way to Markup after a 5% rise in 12 days
2026-10-02Read Distribution79.56-2.8% to today ✓Markdown gives way to Distribution
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Valaris Limited holds its Markup at $77.32. The statistical read favours the sellers, held for 90 days.
As held on the ledger · 2026-11-05
Phase
Markup
Quantitative state
The statistical read favours the sellers, held for 90 days
Price at the screen
$77.32
Valuation
6.57 trailing · 12.40 forward price to earnings
Values screen
PASS· score 70.0
Beta
1.01
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
21.85%
Below 33%
Interest-bearing debt is just 21.8% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
19.29%
Below 49%
Money owed to the company is 19.3% of assets, under the 49% limit.
Pass
Revenue purity
2.99%
Below 5%
Only 3.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Clears, in Plain English
Valaris clears all five screens. Its business is in a permissible area, its interest-bearing debt is about 22%, inside the ~33% line, and interest is about 3% of its income, under the ~5% line, so it passes.
Read as at 2026-11-05. It updates when the underlying figures move, and past reads are kept below.
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Get an email when VAL's ethical verdict changes
Today VAL passes the screen. If new figures move it to a fail, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
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What the Numbers Say It Is Worth
The Fair Value Range
Our analysis reads Overvalued vs our fair value, as of 5 Nov 2026: it trades above our $49.53 fair value estimate.
Fair value range in USD, drawn from the 2026-11-05 screen. The gold marker is the market price at the same screen. The price runs 56.1% above the base estimate.
Where our models see it going: fair-value estimate $49.53, with a range of $40.50 to $56.96, dated to the 2026-11-05 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Offshore drillers chase cycles that rarely last
Oil rigs look busy when crude prices spike, yet the rigs themselves sit idle for years once demand fades. Valaris trades at a 10.5 times forward earnings multiple with a 45 percent profit margin and 37 percent return on equity, but revenue has already fallen 25 percent and the shares sit 33 percent above our fair value of 51 dollars. The market is paying for peak-cycle earnings that history shows do not hold.
Because this is a classic cyclical business the low multiple is not a bargain. It is a warning that margins and utilisation will compress when the next downturn arrives, and nine analysts already reflect that reality with a 60 dollar median target and a hold rating. An unknown moat leaves little protection once competitors add capacity again.
The ethical screen clears, yet the combination of stretched valuation and revenue contraction leaves no margin of safety. We pass. Analysis, not advice.
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The things to watch: its business and earnings are exposed to Bermuda and to currency swings.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
VAL trades on the NYSE (the company is based in Bermuda). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-11-04Markup · changed$89.99+1.9%Entry 10
The framework has shifted from accumulation to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 1.9% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 15% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 100%. Our forward projection puts the odds of a 10% gain over the next month near 30%. The street (9 analysts) rates it hold, with a mean price target of $70.
2026-10-28Accumulation$88.35+0.0%Entry 9
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 15% above its long-term trend line with momentum reading overbought. Over the past year the shares are up 100%. Our forward projection puts the odds of a 10% gain over the next month near 30%. The street (9 analysts) rates it hold, with a mean price target of $70.
The framework has shifted from markup to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 5.6% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 2% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 100%. Our forward projection puts the odds of a 10% gain over the next month near 30%. The street (9 analysts) rates it hold, with a mean price target of $70.
2026-10-14Markup · changed$83.65+5.1%Entry 7
The framework has shifted from distribution to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 5.1% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is holding around 34% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 100%. Our forward projection puts the odds of a 10% gain over the next month near 30%. The street (9 analysts) rates it hold, with a mean price target of $70.
The framework has shifted from markdown to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 5.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 34% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 100%. Our forward projection puts the odds of a 10% gain over the next month near 30%. The street (9 analysts) rates it hold, with a mean price target of $70.
2026-09-16Markdown · changed$83.73+8.4%Entry 5
The framework has shifted from distribution to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 8.4% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 34% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 100%. Our forward projection puts the odds of a 10% gain over the next month near 30%. The street (9 analysts) rates it hold, with a mean price target of $70.
2026-08-16Distribution$77.21-14.2%Entry 4
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 14.2% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 34% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 100%. Our forward projection puts the odds of a 10% gain over the next month near 30%. The street (9 analysts) rates it hold, with a mean price target of $70.
2026-07-18Distribution$89.95+0.0%Entry 3
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 34% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 100%. Our forward projection puts the odds of a 10% gain over the next month near 30%. The street (9 analysts) rates it hold, with a mean price target of $70.
2026-07-03Distribution$89.95+0.0%Entry 2
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
2026-07-02Distribution$89.95Entry 1
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
