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 19.5× TTM earnings — roughly in line with its Energy sector average of 19.4×.

The Numbers

P/E (TTM)

19.5×

Sector avg: 19.4×

P/S (TTM)

1.9×

Sector avg: 1.8×

Market Cap

$68.35B

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)	P/S (TTM)	Market Cap
SLB This page	$45.71	19.5×	1.9×	$68.35B
XOM Exxon Mobil Corporation	$136.46	19.8×	1.7×	$570.27B
CVX Chevron Corporation	$168.12	23.6×	1.7×	$332.88B
COP ConocoPhillips	$103.57	14.6×	2.1×	$126.89B

Is the Multiple Justified?

July 6, 2026

Schlumberger's P/E of 19.5x is closely aligned with the energy sector average of 19.4x, reflecting its position in a dynamic industry. Recent Q1 2026 results showed EPS meeting expectations, though declining year-over-year, with revenue growth of 3% impacted by operational disruptions in the Middle East and higher costs. Despite these headwinds, the company is actively pursuing strategic growth levers, including digital solutions and data center services, which are expected to achieve a $1.0 billion run-rate by year-end 2026. The broader oilfield services market anticipates modest growth in 2026, with a focus on efficiency and digital transformation. Schlumberger's commitment to shareholder returns, with plans for significant share repurchases, also contributes to its valuation, balancing current operational challenges with future strategic initiatives.

Sources

Frequently Asked Questions

Is SLB overvalued or undervalued?

On trailing-twelve-month earnings, SLB trades at 19.5x versus a Energy sector average of 19.4x in our coverage — a 0.4% premium. 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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COP XOM CVX