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Schlumberger NV (SLB)

Fair Value
EnergyOil & Gas Equipment & ServicesUnited States

Fundamental

56

Price

$48.12

Market Cap

$76.42B

Part 1 · What the company is worth

Overview

SLB N.V. engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products. It also offers subsurface geology and fluids evaluation information; stimulation services to restore or enhance well productivity through hydraulic fracturing, matrix stimulation, and water treatment; and intervention services to oil and gas operators. In addition, the company offers mud logging, directional drilling, measurement-while-drilling, and logging-while-drilling services, as well as engineering support services; supplies drilling fluid systems; designs, manufactures, and markets roller cone and fixed cutter drill bits; bottom-hole-assembly and borehole enlargement technologies; well planning, well drilling, engineering, supervision, logistics, procurement, and contracting of third parties, as well as drilling rig management solutions; and drilling equipment and services, as well as land drilling rigs and related services. Further, it provides artificial lift; supplies packers, safety valves, sand control technology, and various intelligent systems; midstream production systems; valves, chokes, actuators, and surface trees; and OneSubsea, an integrated solutions, products, systems, and services, including wellheads, subsea trees, manifolds and flowline connectors, control systems, connectors, and services. SLB N.V. was formerly known as Schlumberger Limited and change its name to SLB N.V. in October 2025. The company was founded in 1926 and is based in Houston, Texas.

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Direct competitors

Who this company fights with for the same customers

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No competitor list for this company yet.

Balance Sheet & Liquidity

Revenue

$36.37B

Trailing 12 months (through 6/30/2026)

Net Income

$3.10B

Trailing 12 months (through 6/30/2026)

Free Cash Flow

$4.79B

Total Equity

$26.11B

Total Liabilities

$27.58B

Current Ratio

1.44

Interest Coverage

-

Debt/EBITDA

1.51

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

CyclicalFairly Valued

Fair Value

$43.80

Current Price

$48.12

Margin of Safety

-9.9%

Fair Value Range

$30.02 - $57.57

Spread across the valuation methods used, not a statistically calibrated confidence interval.

Estimation Methods

Analyst price target:$62.41
Discounted cash flow (DCF):Not applicable to this type of company
Earnings multiple (P/E):$35.59
Graham growth formula:Not applicable to this type of company
Earnings power value (EPV):$24.13
Justified P/B:Not applicable to this type of company
Dividend discount (Gordon):Not applicable to this type of company
P/FFO, funds from operations:Not applicable to this type of company
Mid-cycle earnings:$41.72
Revenue multiple:Not applicable to this type of company
Analyst Consensus:Strong Buy (29B / 3H / 2S)
Last Earnings Surprise:+5.95%

Valuation Metrics

P/E Ratio

23.77

ROE

12.9%

P/B Ratio

2.77

P/FCF

15.05

Gross Margin

-

ROIC

-

Profitability Radar

Value Creation (Economic Moat)

ROIC

-

WACC

8.4%

ROIC − WACC

-

Fundamental Analysis Criteria

Passed (14)

  • P/FCF 15.05
  • P/B Ratio 2.77
  • Debt/Equity ratio
  • Positive Free Cash Flow
  • Current Ratio
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 11.9%
  • Revenue Growth 5Y 8.6%
  • Analyst Consensus 85% Buy
  • Earnings Surprise avg 3.2%
  • Earnings Quality (OCF/NI) 2.11
  • Share Dilution 0.1%
  • Piotroski F-Score 5/9

Failed (8)

  • EPS shows upward trend
  • EPS CAGR -3.17%
  • Price CAGR -3.96%
  • CapEx intensity
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Fairly valued)
  • Net Margin Trend 8.5% vs 11.5%

Unavailable (6)

  • ROIC NaN%
  • Gross Margin NaN%
  • Dividend Payout NaN%
  • Operating Margin NaN%
  • Interest Coverage
  • PEG Ratio (need PE > 0 and growth > 0)

Piotroski F-Score

5/9

Mixed signals: some areas need attention

score
criteria

Earnings Quality

2.11

High quality: earnings backed by cash

Share Dilution

0.1%

Share count is stable

Institutional Holdings

Governance

Executive Team

NameTitleAge
Mr. Olivier Le PeuchCEO & Director61
Mr. Stephane BiguetExecutive VP & CFO56
Mr. Demosthenis PafitisChief Technology Officer57
Ms. Dianne B. Ralston J.D.Chief Legal Officer & Secretary58
Mr. Abdellah MeradExecutive Vice President of Core Services & Equipment51
Mr. Howard GuildChief Accounting Officer53
Mr. Sebastien LehnherrChief Information Officer-
Mr. James R. McDonaldSenior Vice President of Investor Relations & Industry Affairs46
Josh ByerlySVP of Global Communications-
Ms. Aparna RamanChief Strategy & Marketing Officer50

Audit Risk

3

Board Risk

1

Compensation Risk

1

Shareholder Rights Risk

6

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Documents

  • Annual Report (10-K)

    A yearly overview of the business, its financial results, and the risks it faces.

    Filed on 2026-01-23

    View document
  • Quarterly Report (10-Q)

    A snapshot of financial performance for the most recent three-month period.

    Filed on 2026-07-29

    View document
  • Current Report (8-K)

    An announcement of a major event, such as a leadership change or big news.

    Filed on 2026-08-31

    View document

via SEC EDGAR

Income History

via SEC EDGAR

Latest News

Recent headlines for SLB, sourced from Markets Gazette.

  • 8/31/2026POSITIVE
    SLB cresce nei data center con l'acquisizione di Kelvion per 3,4 miliardi di dollari

    SLB, formerly Schlumberger, the world's largest oilfield services provider, has agreed to acquire Kelvion for $3.4 billion. This strategic move signals SLB's expansion into the data center cooling market, a sector experiencing robust growth. The acquisition is expected to enhance SLB's portfolio beyond traditional oil and gas services, diversifying its revenue streams and positioning it to capitalize on the increasing demand for advanced cooling solutions driven by AI and high-performance computing. Investors may view this as a positive step towards future growth and market diversification.

  • 7/24/2026POSITIVE
    This energy company sidestepped Iran war challenges by pushing into data centers

    SLB, a major energy services company, is successfully navigating geopolitical challenges in the Middle East by diversifying its revenue streams. The company is actively pursuing opportunities in other global regions and significantly expanding its presence in the burgeoning data center and AI market. This strategic pivot demonstrates resilience and adaptability, allowing SLB to capitalize on new growth avenues beyond traditional energy sectors. Investors may view this diversification positively, signaling a proactive approach to market changes and a potential for sustained profitability.

  • 7/14/2026POSITIVE
    SLB, Liberty Energy to Sell Power and Parts to Data Centers

    SLB, the global leader in oilfield services, is entering a strategic partnership with Liberty Energy Inc. to supply modular components and power solutions tailored for data centers. This collaboration marks a significant pivot for energy sector giants, aiming to capitalize on the escalating demand driven by the artificial intelligence revolution. The move suggests a diversification strategy for SLB, leveraging its industrial expertise to tap into the burgeoning infrastructure needs of AI computing, potentially opening new revenue streams beyond traditional oil and gas services and signaling a positive outlook for its future growth.

  • 2/23/2026POSITIVE
    SLB Lands Major Role In Indonesia's Geothermal Expansion

    SLB Limited (NYSE: SLB) has entered into a strategic partnership with Star Energy Geothermal to accelerate the development of geothermal energy projects in Indonesia and beyond. This collaboration leverages SLB's advanced technology and digital solutions with Star Energy's established leadership in the Indonesian geothermal sector. For SLB, this agreement marks a significant move to diversify its energy portfolio, expanding its footprint in renewable and sustainable sources. Indonesia represents a critical market for this venture, given its substantial geothermal potential. Investors are likely to view this partnership favorably, as it positions SLB as a key player in the global energy transition, unlocking new long-term growth opportunities.

via Markets Gazette