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STOCK COMPARISON

Schlumberger vs Tenaris S.A: Fair Value & Quality

Both stocks run through our valuation models. Here is how Schlumberger (SLB) and Tenaris S.A (TEN) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Tenaris S.A as the less overvalued of the two: Schlumberger trades at $57.41 versus a fair value of $28.66 (-50%), while Tenaris S.A trades at €24.16 versus €18.53 (-23%).
Schlumberger
SLB · USD · Energy
-50%
upside to fair value
overvalued
Price$57.41
Fair Value$28.66
Quality52/100
Tenaris S.A
TEN.MI · EUR · Energy
-23%
upside to fair value
overvalued
Price€24.16
Fair Value€18.53
Quality72/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

SchlumbergerTenaris S.A
Valuation
20.7×P/E (TTM)14.5×
1.96×P/S (TTM)2.28×
2.69×P/B1.67×
10.3×EV/EBITDA9.6×
1.62×PEG3.11×
−50.1%Fair value upside−23.3%
2.0%Dividend yield4.6%
$1.15Dividend per share€1.11
Profitability
12%Operating margin19%
—EBIT margin trend (5Y)9.55×
14%Return on equity12%
6%Return on assets7%
Growth
3%Revenue growth (YoY)6%
8.3%Avg. growth/yr (3Y)0.6%
8.6%Avg. growth/yr (5Y)18.4%
+15.9%Value creation/yr+24.2%
Balance & size
9.8×Interest coverage (EBIT/interest)48.9×
0.37×Debt / equity—
$70BMarket cap$28B
mixedGrowth qualitymixed

Tenaris S.A leads: 3 to 10 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Schlumbergerof which business quality 54 · market factors 76 Tenaris S.Aof which business quality 70 · market factors 75
ProfitabilityMargins and returns on capital today
42
51
Quality GrowthAre margins and returns improving?
18
47
CashflowEarnings quality: real cash, not paper profit
72
68
Fin. StrengthBalance sheet, leverage, solvency risk
67
82
InvestmentDisciplined investing over empire-building
58
76
Low VolatilityCalm price path (market factor)
68
85
MomentumPrice trend over the last 3–12 months (market factor)
68
63
52W MomentumDistance to the 52-week high (market factor)
98
87
Net IssuanceBuybacks instead of dilution
58
100

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familySchlumbergerPrice $57.41Tenaris S.APrice €24.16
DCF Models-37%below the price$35.98+4%close to the price€25.22
Earnings-Based-62%below the price$21.58-24%below the price€18.38
Dividend Discount-68%below the price$18.13-48%below the price€12.53
Multiples-48%below the price$30.02-15%close to the price€20.57
Asset-Based-80%below the price$11.70-54%below the price€11.02
Growth DCF-29%below the price$40.81+3%close to the price€24.87
Economic Profit-52%below the price$27.29-24%below the price€18.27
Growth Earnings-50%below the price$28.48-9%close to the price€22.07
Minimum-80%below the price$11.70-54%below the price€11.02
Maximum-29%below the price$40.81+4%close to the price€25.22
Median-51%below the price$27.88-19%below the price€19.48
Geometric mean-56%below the price$25.08-24%below the price€18.41

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Schlumberger: 26 of 26 models see the stock below the current price.

Tenaris S.A: 17 of 25 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Schlumberger
Bear $21.17Fair Value $28.66Bull $36.48
$57.41 = current price (white tick)
Tenaris S.A
Bear €14.19Fair Value €18.53Bull €23.58
€24.16 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Schlumberger · Energy

Quality score52 · above median
Fair value upside-50% · below median

Tenaris S.A · Energy

Quality score72 · Top 25%
Fair value upside-23% · above median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Tenaris S.A as the less overvalued of the two: Schlumberger trades at $57.41 versus a fair value of $28.66 (-50%), while Tenaris S.A trades at €24.16 versus €18.53 (-23%).

Tenaris S.A has the higher quality score (72/100).

See the full analysis →
Schlumberger · Tenaris S.A

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.