Schlumberger Limited

NYSE:SLB Stock Report

Market Cap: US$53.4b

Schlumberger Valuation

Is SLB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SLB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SLB ($37.81) is trading below our estimate of fair value ($83.34)

Significantly Below Fair Value: SLB is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SLB?

Key metric: As SLB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SLB. This is calculated by dividing SLB's market cap by their current earnings.
What is SLB's PE Ratio?
PE Ratio11.9x
EarningsUS$4.48b
Market CapUS$53.38b

Price to Earnings Ratio vs Peers

How does SLB's PE Ratio compare to its peers?

The above table shows the PE ratio for SLB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13x
BKR Baker Hughes
18.1x10.6%US$40.4b
HAL Halliburton
9.3x6.6%US$23.5b
FTI TechnipFMC
19.3x12.9%US$12.4b
NOV NOV
5.3x-8.9%US$5.6b
SLB Schlumberger
11.9x9.9%US$53.4b

Price-To-Earnings vs Peers: SLB is good value based on its Price-To-Earnings Ratio (11.9x) compared to the peer average (13x).

Price to Earnings Ratio vs Industry

How does SLB's PE Ratio compare vs other companies in the US Energy Services Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
PKDC Parker Drilling
2.2xn/aUS$270.92m
NCSM NCS Multistage Holdings
1.5x-107.5%US$61.87m
BASX.Q Basic Energy Services
n/an/aUS$24.00
No more companies available in this PE range
SLB 11.9xIndustry Avg. 15.4xNo. of Companies7PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SLB is good value based on its Price-To-Earnings Ratio (11.9x) compared to the US Energy Services industry average (15.4x).

Price to Earnings Ratio vs Fair Ratio

What is SLB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SLB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.9x
Fair PE Ratio15.2x

Price-To-Earnings vs Fair Ratio: SLB is good value based on its Price-To-Earnings Ratio (11.9x) compared to the estimated Fair Price-To-Earnings Ratio (15.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SLB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$37.81
US$55.86
+47.7%
9.6%US$65.00US$46.00n/a29
Dec ’25US$43.94
US$57.58
+31.1%
8.0%US$65.00US$49.00n/a29
Nov ’25US$39.76
US$58.24
+46.5%
8.6%US$68.00US$49.00n/a29
Oct ’25US$43.14
US$64.07
+48.5%
9.0%US$74.00US$49.00n/a29
Sep ’25US$43.99
US$64.88
+47.5%
7.9%US$74.00US$53.00n/a29
Aug ’25US$46.66
US$65.15
+39.6%
7.6%US$74.00US$53.00n/a30
Jul ’25US$46.58
US$66.02
+41.7%
7.8%US$77.00US$53.00n/a30
Jun ’25US$45.89
US$66.12
+44.1%
7.7%US$77.00US$53.00n/a30
May ’25US$47.16
US$66.69
+41.4%
8.5%US$81.00US$53.00n/a31
Apr ’25US$55.22
US$67.81
+22.8%
7.4%US$81.00US$57.00n/a30
Mar ’25US$49.35
US$67.72
+37.2%
7.7%US$81.00US$57.00n/a29
Feb ’25US$49.00
US$67.79
+38.4%
8.1%US$81.00US$56.00n/a29
Jan ’25US$52.04
US$68.90
+32.4%
7.4%US$81.00US$56.00n/a29
Dec ’24US$52.39
US$68.70
+31.1%
8.2%US$81.00US$56.00US$43.9430
Nov ’24US$55.86
US$68.74
+23.1%
8.2%US$81.00US$56.00US$39.7630
Oct ’24US$58.30
US$67.04
+15.0%
7.7%US$77.00US$56.00US$43.1428
Sep ’24US$60.12
US$65.93
+9.7%
6.6%US$73.00US$56.00US$43.9928
Aug ’24US$57.61
US$65.75
+14.1%
6.5%US$73.00US$56.00US$46.6628
Jul ’24US$49.12
US$64.82
+32.0%
7.5%US$75.00US$55.00US$46.5828
Jun ’24US$44.98
US$64.63
+43.7%
8.6%US$75.00US$49.00US$45.8927
May ’24US$49.15
US$64.97
+32.2%
8.0%US$75.00US$49.00US$47.1627
Apr ’24US$49.10
US$64.34
+31.0%
10.0%US$75.00US$48.00US$55.2227
Mar ’24US$54.89
US$64.31
+17.2%
10.0%US$75.00US$48.00US$49.3527
Feb ’24US$55.70
US$64.01
+14.9%
11.0%US$75.00US$47.00US$49.0027
Jan ’24US$53.46
US$59.31
+11.0%
8.4%US$69.00US$47.00US$52.0428
Dec ’23US$51.76
US$59.10
+14.2%
8.3%US$69.00US$47.00US$52.3927

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 00:10
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Schlumberger Limited is covered by 91 analysts. 25 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William SeleskyArgus Research Company
Waqar SyedATB Capital Markets
Tim MonachelloATB Capital Markets