Highly Regarded

Is Schlumberger Limited (SLB) Stock Undervalued or Overvalued?

Trailing-twelve-month multiples vs Energy sector peers in our coverage

In Line TTM fundamentals · sector averages from covered peers

SLB trades at 20.0× TTM earnings — roughly in line with its Energy sector average of 21.3×.

The Numbers

P/E (TTM)

20.0×

Sector avg: 21.3×

P/S (TTM)

2.0×

Sector avg: 2.0×

Market Cap

$70.27B

EPS (TTM): $2.35

Revenue (TTM)

$35.71B

Net income: $3.45B

Energy Peer Comparison

How SLB's multiples stack up against sector peers we cover. Click any peer for its own valuation breakdown.

Stock Price P/E (TTM)
SLB This page $46.99 20.0×
XOM $147.41 21.4×
CVX $187.38 26.4×
COP $114.72 16.2×

Is the Multiple Justified?

July 12, 2026

Schlumberger's P/E of 20.3x is slightly above the sector average of 20.2x, reflecting its strong market position as a premier oilfield services company. The company is strategically focused on core oil and gas operations, digital technologies, and new energy initiatives, positioning it for both traditional demand and the broader energy transition. Analysts forecast positive earnings and revenue growth, with expectations of 13.7% and 4.9% per annum, respectively. While recent geopolitical disruptions in the Middle East and Asia impacted Q1 2026 profits and revenue, leading to operational demobilization, the long-term outlook remains constructive, supported by digital expansion and AI partnerships. However, some metrics suggest the stock is currently trading at a slight premium to its intrinsic value.

Sources

Frequently Asked Questions

Is SLB overvalued or undervalued?
On trailing-twelve-month earnings, SLB trades at 20.0x versus a Energy sector average of 21.3x in our coverage — a 6.3% discount. Whether that's justified depends on growth, margins, and risk; see the context above.
What does the P/E ratio tell you?
Price-to-earnings compares a company's share price with its per-share profits. A higher multiple means investors pay more per dollar of earnings — often for faster expected growth — while a lower one can signal slower growth or higher perceived risk.
Why compare against the sector average?
Valuation multiples vary structurally between industries — software typically trades richer than banks or energy. Comparing SLB with its own Energy peers is more informative than comparing against the whole market.
Is a cheap stock automatically a good buy?
No. A discount can be justified by weak growth or elevated risk (a "value trap"), and a premium can be earned by quality and consistency. Valuation is one input — pair it with the fundamentals and the AI context on this page.

Methodology

Multiples are computed from trailing-twelve-month fundamentals (from company filings) and the latest share price: P/E is price ÷ diluted EPS, and P/S is market cap ÷ revenue. Sector averages use the Energy names in our 50-stock coverage with positive earnings — a deliberately like-for-like, if imperfect, benchmark.

Stocks with negative trailing earnings are compared on price-to-sales instead. Multiples update with prices and fundamentals; AI context refreshes weekly.

Not Financial Advice

This page is for education and information only. Indicators are mechanical calculations, AI commentary can contain errors, and nothing here is a recommendation to buy or sell any security. Do your own research and consider consulting a qualified financial advisor. See our full disclaimer.

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Same question, Energy peers

CVX XOM COP