Stock Analysis on Net
Stock Analysis on Net

Schlumberger Ltd. (NYSE:SLB)

Common Stock Valuation Ratios (Price Multiples) 
Quarterly Data

Microsoft Excel

Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).

Historical Valuation Ratios (Summary)

Schlumberger Ltd., historical price multiples (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Price to earnings (P/E) 13.28 15.44 16.19 17.55 19.40 20.81 17.62 23.22 24.85 19.61 26.99 29.69 27.59 40.12 — — — — — — — — —
Price to operating profit (P/OP) 10.14 11.81 12.44 13.55 15.30 16.40 14.72 19.24 20.04 15.69 18.99 20.20 19.23 24.54 — — — — — — — — —
Price to sales (P/S) 1.65 1.94 2.06 2.23 2.52 2.63 2.28 2.84 2.80 2.07 2.39 2.44 2.05 1.89 1.79 1.29 0.79 0.91 0.66 1.54 — — —
Price to book value (P/BV) 2.77 3.24 3.39 3.65 4.16 4.40 3.77 4.52 4.30 3.15 3.68 3.72 3.42 3.21 3.05 2.52 1.75 2.24 1.37 2.14 2.05 1.56 1.70

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Schlumberger Ltd. P/E ratio decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Schlumberger Ltd. P/OP ratio decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Schlumberger Ltd. P/S ratio decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Schlumberger Ltd. P/BV ratio decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Price to Earnings (P/E)

Schlumberger Ltd., historical P/E calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
No. shares of common stock outstanding1 1,412,154,298 1,419,841,229 1,429,337,724 1,427,394,843 1,423,420,641 1,421,186,016 1,425,330,904 1,420,188,492 1,417,993,775 1,414,388,264 1,413,460,705 1,403,381,685 1,402,632,586 1,398,433,008 1,398,332,463 1,392,325,960 1,392,030,009 1,388,101,743 1,387,812,907 1,384,515,345 1,384,389,267 1,383,005,073 1,385,122,272
Selected Financial Data (US$)
Net income (loss) attributable to SLB (in millions) 1,186 1,112 1,068 1,113 1,123 1,033 934 1,065 907 959 510 601 550 431 299 374 (82) (3,434) (7,376) 333 (11,383) 492 421
Earnings per share (EPS)2 3.17 3.11 3.03 2.94 2.92 2.77 2.71 2.42 2.10 1.85 1.48 1.34 1.18 0.73 -2.03 -7.55 -7.59 -15.75 -12.92 -7.32 0.00 0.00 0.00
Share price1, 3 42.13 48.03 49.11 51.67 56.62 57.67 47.78 56.25 52.18 36.33 39.95 39.80 32.54 29.32 27.36 21.81 15.01 19.43 15.34 36.68 35.33 40.33 44.24
Valuation Ratio
P/E ratio4 13.28 15.44 16.19 17.55 19.40 20.81 17.62 23.22 24.85 19.61 26.99 29.69 27.59 40.12 — — — — — — — — —

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2024 Calculation
EPS = (Net income (loss) attributable to SLBQ3 2024 + Net income (loss) attributable to SLBQ2 2024 + Net income (loss) attributable to SLBQ1 2024 + Net income (loss) attributable to SLBQ4 2023) ÷ No. shares of common stock outstanding
= (1,186,000,000 + 1,112,000,000 + 1,068,000,000 + 1,113,000,000) ÷ 1,412,154,298 = 3.17

3 Closing price as at the filing date of Schlumberger Ltd. Quarterly or Annual Report.

4 Q3 2024 Calculation
P/E ratio = Share price ÷ EPS
= 42.13 ÷ 3.17 = 13.28

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Schlumberger Ltd. P/E ratio decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Price to Operating Profit (P/OP)

Schlumberger Ltd., historical P/OP calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
No. shares of common stock outstanding1 1,412,154,298 1,419,841,229 1,429,337,724 1,427,394,843 1,423,420,641 1,421,186,016 1,425,330,904 1,420,188,492 1,417,993,775 1,414,388,264 1,413,460,705 1,403,381,685 1,402,632,586 1,398,433,008 1,398,332,463 1,392,325,960 1,392,030,009 1,388,101,743 1,387,812,907 1,384,515,345 1,384,389,267 1,383,005,073 1,385,122,272
Selected Financial Data (US$)
Operating income (loss) (in millions) 1,547 1,468 1,386 1,468 1,451 1,338 1,186 1,294 1,181 965 711 835 765 662 503 444 62 (3,516) (7,992) 324 (11,832) 724 642
Operating profit per share2 4.16 4.07 3.95 3.81 3.70 3.52 3.25 2.92 2.60 2.32 2.10 1.97 1.69 1.19 -1.79 -7.90 -7.99 -16.58 -13.53 -7.33 0.00 0.00 0.00
Share price1, 3 42.13 48.03 49.11 51.67 56.62 57.67 47.78 56.25 52.18 36.33 39.95 39.80 32.54 29.32 27.36 21.81 15.01 19.43 15.34 36.68 35.33 40.33 44.24
Valuation Ratio
P/OP ratio4 10.14 11.81 12.44 13.55 15.30 16.40 14.72 19.24 20.04 15.69 18.99 20.20 19.23 24.54 — — — — — — — — —

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2024 Calculation
Operating profit per share = (Operating income (loss)Q3 2024 + Operating income (loss)Q2 2024 + Operating income (loss)Q1 2024 + Operating income (loss)Q4 2023) ÷ No. shares of common stock outstanding
= (1,547,000,000 + 1,468,000,000 + 1,386,000,000 + 1,468,000,000) ÷ 1,412,154,298 = 4.16

3 Closing price as at the filing date of Schlumberger Ltd. Quarterly or Annual Report.

4 Q3 2024 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 42.13 ÷ 4.16 = 10.14

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Schlumberger Ltd. P/OP ratio decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Price to Sales (P/S)

Schlumberger Ltd., historical P/S calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
No. shares of common stock outstanding1 1,412,154,298 1,419,841,229 1,429,337,724 1,427,394,843 1,423,420,641 1,421,186,016 1,425,330,904 1,420,188,492 1,417,993,775 1,414,388,264 1,413,460,705 1,403,381,685 1,402,632,586 1,398,433,008 1,398,332,463 1,392,325,960 1,392,030,009 1,388,101,743 1,387,812,907 1,384,515,345 1,384,389,267 1,383,005,073 1,385,122,272
Selected Financial Data (US$)
Revenue (in millions) 9,159 9,139 8,707 8,990 8,310 8,099 7,736 7,879 7,477 6,773 5,962 6,225 5,847 5,634 5,223 5,532 5,258 5,356 7,455 8,228 8,541 8,269 7,879
Sales per share2 25.49 24.75 23.86 23.21 22.50 21.95 20.95 19.78 18.64 17.54 16.74 16.34 15.85 15.48 15.28 16.95 18.89 21.31 23.41 23.78 0.00 0.00 0.00
Share price1, 3 42.13 48.03 49.11 51.67 56.62 57.67 47.78 56.25 52.18 36.33 39.95 39.80 32.54 29.32 27.36 21.81 15.01 19.43 15.34 36.68 35.33 40.33 44.24
Valuation Ratio
P/S ratio4 1.65 1.94 2.06 2.23 2.52 2.63 2.28 2.84 2.80 2.07 2.39 2.44 2.05 1.89 1.79 1.29 0.79 0.91 0.66 1.54 — — —

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2024 Calculation
Sales per share = (RevenueQ3 2024 + RevenueQ2 2024 + RevenueQ1 2024 + RevenueQ4 2023) ÷ No. shares of common stock outstanding
= (9,159,000,000 + 9,139,000,000 + 8,707,000,000 + 8,990,000,000) ÷ 1,412,154,298 = 25.49

3 Closing price as at the filing date of Schlumberger Ltd. Quarterly or Annual Report.

4 Q3 2024 Calculation
P/S ratio = Share price ÷ Sales per share
= 42.13 ÷ 25.49 = 1.65

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Schlumberger Ltd. P/S ratio decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Price to Book Value (P/BV)

Schlumberger Ltd., historical P/BV calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
No. shares of common stock outstanding1 1,412,154,298 1,419,841,229 1,429,337,724 1,427,394,843 1,423,420,641 1,421,186,016 1,425,330,904 1,420,188,492 1,417,993,775 1,414,388,264 1,413,460,705 1,403,381,685 1,402,632,586 1,398,433,008 1,398,332,463 1,392,325,960 1,392,030,009 1,388,101,743 1,387,812,907 1,384,515,345 1,384,389,267 1,383,005,073 1,385,122,272
Selected Financial Data (US$)
Total SLB stockholders’ equity (in millions) 21,511 21,071 20,736 20,189 19,386 18,608 18,068 17,685 17,199 16,325 15,347 15,004 13,362 12,762 12,543 12,071 11,941 12,040 15,561 23,760 23,913 35,852 36,103
Book value per share (BVPS)2 15.23 14.84 14.51 14.14 13.62 13.09 12.68 12.45 12.13 11.54 10.86 10.69 9.53 9.13 8.97 8.67 8.58 8.67 11.21 17.16 17.27 25.92 26.06
Share price1, 3 42.13 48.03 49.11 51.67 56.62 57.67 47.78 56.25 52.18 36.33 39.95 39.80 32.54 29.32 27.36 21.81 15.01 19.43 15.34 36.68 35.33 40.33 44.24
Valuation Ratio
P/BV ratio4 2.77 3.24 3.39 3.65 4.16 4.40 3.77 4.52 4.30 3.15 3.68 3.72 3.42 3.21 3.05 2.52 1.75 2.24 1.37 2.14 2.05 1.56 1.70

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2024 Calculation
BVPS = Total SLB stockholders’ equity ÷ No. shares of common stock outstanding
= 21,511,000,000 ÷ 1,412,154,298 = 15.23

3 Closing price as at the filing date of Schlumberger Ltd. Quarterly or Annual Report.

4 Q3 2024 Calculation
P/BV ratio = Share price ÷ BVPS
= 42.13 ÷ 15.23 = 2.77

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Schlumberger Ltd. P/BV ratio decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.