Narrative Update • May 23
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- 7D0.01%
- 3M10.8%
- 1Y91.6%
- YTD45.0%
The Energy Services is pretty flat in the last 7 days, but SLB has stood out, gaining 3.4%. The past year has been better, since the industry has gained 92% in that time. Looking forward, earnings are forecast to grow by 21% annually.
Industry Valuation and Performance
Has the U.S. Energy Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 25 May 2026 | US$342.9b | US$170.2b | US$9.0b | 26.9x | 38x | 2x |
| Wed, 22 Apr 2026 | US$305.6b | US$167.9b | US$8.5b | 30x | 35.9x | 1.8x |
| Fri, 20 Mar 2026 | US$288.2b | US$167.1b | US$8.2b | 27.5x | 34.9x | 1.7x |
| Sun, 15 Feb 2026 | US$293.6b | US$167.1b | US$7.6b | 25x | 38.6x | 1.8x |
| Tue, 13 Jan 2026 | US$247.1b | US$166.4b | US$8.5b | 20.7x | 28.9x | 1.5x |
| Thu, 11 Dec 2025 | US$229.7b | US$166.4b | US$8.6b | 18.7x | 26.8x | 1.4x |
| Sat, 08 Nov 2025 | US$214.5b | US$165.6b | US$8.8b | 16.3x | 24.3x | 1.3x |
| Mon, 06 Oct 2025 | US$204.8b | US$166.1b | US$10.0b | 15.2x | 20.4x | 1.2x |
| Wed, 03 Sep 2025 | US$201.1b | US$166.1b | US$10.0b | 14.6x | 20x | 1.2x |
| Fri, 01 Aug 2025 | US$192.9b | US$164.7b | US$11.3b | 12.1x | 17x | 1.2x |
| Sun, 29 Jun 2025 | US$179.2b | US$171.1b | US$12.2b | 11x | 14.7x | 1x |
| Tue, 27 May 2025 | US$174.4b | US$171.3b | US$12.2b | 10.8x | 14.2x | 1x |
| Thu, 24 Apr 2025 | US$171.0b | US$170.1b | US$12.9b | 10.8x | 13.3x | 1x |
| Sat, 22 Mar 2025 | US$209.0b | US$170.8b | US$13.4b | 13.9x | 15.6x | 1.2x |
| Mon, 17 Feb 2025 | US$224.6b | US$170.5b | US$13.7b | 15.4x | 16.3x | 1.3x |
| Wed, 15 Jan 2025 | US$224.2b | US$169.9b | US$13.6b | 15.8x | 16.5x | 1.3x |
| Fri, 13 Dec 2024 | US$222.7b | US$168.9b | US$13.5b | 16.2x | 16.5x | 1.3x |
| Sun, 10 Nov 2024 | US$224.8b | US$168.8b | US$13.6b | 16.2x | 16.5x | 1.3x |
| Tue, 08 Oct 2024 | US$227.3b | US$165.8b | US$14.8b | 18.9x | 15.4x | 1.4x |
| Thu, 05 Sep 2024 | US$213.2b | US$165.7b | US$14.7b | 17.6x | 14.5x | 1.3x |
| Sat, 03 Aug 2024 | US$241.3b | US$166.5b | US$14.6b | 17.6x | 16.5x | 1.4x |
| Mon, 01 Jul 2024 | US$238.9b | US$164.6b | US$13.9b | 14x | 17.2x | 1.5x |
| Wed, 29 May 2024 | US$236.9b | US$164.6b | US$13.9b | 14.5x | 17x | 1.4x |
| Fri, 26 Apr 2024 | US$245.1b | US$164.2b | US$13.4b | 14.7x | 18.3x | 1.5x |
| Sun, 24 Mar 2024 | US$246.8b | US$160.7b | US$13.1b | 17.2x | 18.8x | 1.5x |
| Tue, 20 Feb 2024 | US$221.0b | US$160.1b | US$12.3b | 15.9x | 18x | 1.4x |
| Thu, 18 Jan 2024 | US$217.5b | US$161.6b | US$12.1b | 15.7x | 18x | 1.3x |
| Sat, 16 Dec 2023 | US$233.4b | US$160.7b | US$12.1b | 16.9x | 19.3x | 1.5x |
| Mon, 13 Nov 2023 | US$239.9b | US$160.5b | US$12.1b | 18.3x | 19.8x | 1.5x |
| Wed, 11 Oct 2023 | US$259.0b | US$156.1b | US$11.3b | 15x | 23x | 1.7x |
| Fri, 08 Sep 2023 | US$264.5b | US$155.2b | US$11.2b | 16.4x | 23.7x | 1.7x |
| Sun, 06 Aug 2023 | US$568.9b | US$153.8b | US$10.8b | 20.9x | 52.6x | 3.7x |
| Tue, 04 Jul 2023 | US$535.1b | US$147.7b | US$8.5b | 18.5x | 62.9x | 3.6x |
| Thu, 01 Jun 2023 | US$504.6b | US$148.1b | US$8.5b | 16.6x | 59.4x | 3.4x |
Price to Earnings Ratio
59.4x
Current Industry PE
- Investors are optimistic on the American Energy Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 38.0x which is higher than its 3-year average PE of 23.6x.
- The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Energy Services industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 4.8% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the U.S. Energy industry?
| US Market | 1.11% | |
| Energy | -1.69% | |
| Energy Services | 0.01% | |
| Oil and Gas Services | 0.86% | |
| Oil and Gas Drilling | -6.26% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio of 20.6x.
- Analysts are expecting annual earnings growth of 16.5%, which is higher than its past year's earnings decline of 26.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 59% over the next 5 years.
- This is better than its past earnings growth rate of 4.9% per year.
- In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 16% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SLB SLB | US$57.28 | 3.4% +US$2.8b | 70.2% | PE25.7x | |
| BKR Baker Hughes | US$66.06 | 3.0% +US$1.9b | 79.8% | PE21x | |
| NOV NOV | US$20.81 | 2.2% +US$157.9m | 71.4% | PE82.1x | |
| INVX Innovex International | US$30.05 | 7.3% +US$141.0m | 113.3% | PE39.8x | |
| WHD Cactus | US$62.26 | 3.2% +US$133.3m | 50.1% | PE59.1x |
