Schlumberger provides wireline services, pressure pumping, and drilling software to oil and gas operators worldwide. The company's competitive moat rests on decades of subsurface data, proprietary completion designs, and long-term contracts that lock in recurring revenue during commodity downturns. Upstream capex is expected to grow 8-10% annually through 2026 as majors pursue low-cost barrels in the Permian and offshore, directly benefiting Schlumberger's service mix. The forward PE of 15.3x trades at a discount to historical averages despite stable 12.7% operating margins and a business model that generates cash even when oil prices soften. At current valuations, the stock prices in modest growth and leaves room for upside if energy companies accelerate drilling activity or if the company successfully expands its software and digital services revenue beyond its current low-teens percentage of total sales.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 24 Oct 2026, 03:20 CEST | ACCE price target | $54.00 | $50.00 | $53.06 |
| 18 Oct 2026, 17:04 CEST | Rating | Overvalued | first publication | $49.50 |
| 18 Oct 2026, 17:04 CEST | Fair value | $32.96 | $32.63 | $49.50 |
| 10 Oct 2026, 00:00 CEST | Fair value | $32.63 | $32.96 | $48.98 |
| 28 Sept 2026, 00:00 CEST | Fair value | $32.96 | $33.40 | $51.54 |
| 25 Sept 2026, 00:00 CEST | Fair value | $33.40 | $34.28 | $51.87 |
| 23 Sept 2026, 00:00 CEST | Fair value | $34.28 | $33.74 | $51.76 |
| 19 Sept 2026, 00:00 CEST | ACCE price target | $50.00 | first publication | $51.12 |
| 18 Sept 2026, 00:00 CEST | Fair value | $33.74 | $33.40 | $52.30 |
| 16 Sept 2026, 00:00 CEST | Fair value | $33.40 | $34.23 | $53.32 |
Answered from SLB Limited Common Shares fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| SLB SLB Limited Common Shares | $53.06 | $33 | 61% above | 23.9x | 12.9% | 60 | 54 |
| BKR Baker Hughes Company Class A Common Stock | $53.62 | $30 | 76% above | 18.0x | 16.5% | 60 | 42 |
| TS Tenaris S.A. American Depositary Shares | $56.37 | $52 | 9% above | 15.5x | 11.6% | 70 | 55 |
| TEN.MI Tenaris S.A. | €24.81 | €16 | 56% above | 16.1x | 11.6% | 70 | 56 |
| HAL Halliburton Company Common Stock | $33.19 | $18 | 85% above | 25.0x | 18.8% | 60 | 62 |
| FTI TechnipFMC plc Ordinary Share | $66.82 | $35 | 92% above | 24.4x | 35.8% | 74 | 69 |
| SPM.MI Saipem SpA | €4.22 | €4 | 11% above | 33.8x | 10.9% | 38 | 53 |
Where SLB ranks against its sector peers on each metric.