Stock Analysis on Net

Schlumberger Ltd. (NYSE:SLB)

$24.99

Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

Schlumberger Ltd., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in millions
Common equity (market value)1
Add: Noncontrolling interests (per books)
Total equity
Add: Short-term borrowings and current portion of long-term debt (per books)
Add: Long-term debt, excluding current portion (per books)
Total equity and debt
Less: Cash
Less: Short-term investments
Enterprise value (EV)

Based on: 10-K (reporting date: 2024-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

Schlumberger Ltd., EV calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Share price1, 2
No. shares of common stock outstanding1
US$ in millions
Common equity (market value)3
Add: Noncontrolling interests (book value)
Total equity
Add: Short-term borrowings and current portion of long-term debt (book value)
Add: Long-term debt, excluding current portion (book value)
Total equity and debt
Less: Cash
Less: Short-term investments
Enterprise value (EV)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Schlumberger Ltd. Annual Report.

3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Equity Trends
The market value of common equity showed a significant increase from US$30,367 million at the end of 2020 to a peak of US$79,886 million in 2022. After that peak, there is a noticeable decline, with the value dropping to US$58,317 million by the end of 2024. Total equity figures closely mirror this pattern, rising from US$30,785 million in 2020 to US$80,190 million in 2022, then decreasing to US$59,537 million in 2024.
Total Equity and Debt
The combined total of equity and debt grew steadily from US$47,671 million in 2020 to US$92,416 million in 2022, marking the highest value in the period under review. A downward trend follows, with this total reducing to US$71,611 million in 2024, indicating a contraction in the company’s capital structure over the last two years.
Enterprise Value (EV)
Enterprise value followed a similar trajectory, increasing from US$44,665 million in 2020 to a maximum of US$89,522 million in 2022. Subsequently, EV declined to US$66,942 million by 2024. This suggests that overall market valuation and perceived business worth experienced a rise and fall aligned with the equity and debt levels during the period studied.
General Observations
The data indicates strong growth through 2022 across all measured financial metrics, followed by a downward adjustment through 2024. This pattern may reflect broader market or company-specific influences impacting valuation and capital structure after 2022. The similar direction of all variables implies consistent shifts in market perception, financing, and asset base.