SLB N.V (SLBG34) Fair Value & Analysis
Energy · BR · Market cap R$420B
Fair value as of: Jul 18, 2026
From 26 valuation models · updated today
Share price −6.4% over the past month.
Price vs Fair Value (12 months)
12‑month range R$85.29 – R$146.32 · fair‑value band R$10.75 – R$18.41 · the R$120.30 price screens above the R$14.33 fair value. As of Jul 18, 2026.
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SLB N.V (SLBG34) currently trades at R$120.30, while our model-based Fair Value estimate is R$14.33, implying the stock looks roughly 88.1% overvalued today. We read business quality at 54/100 (solid quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, SLB N.V generated revenue of R$35.9B at a net margin of 9.3%. Revenue grew 2.7% year over year. It earns a return on equity of 14.1%. Net debt stands at R$8.6B. Fundamentals as of Jul 18, 2026
Our scenario range runs from R$10.75 (bear case) to R$18.41 (bull case); at R$120.30, the current price sits above that range. The share trades about 19% below its 52-week high and 41% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -30% fair-value upside, at -88%, SLBG34 screens richer than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 18, 2026. TTM = trailing twelve months.
About the company
SLB N.V. engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products. It also offers subsurface geology and fluids evaluation information; stimulation services to restore or enhance well productivity through hydraulic fracturing, matrix stimulation, and water treatment; and intervention services to oil and gas operators. In addition, the company offers mud logging, directional drilling, measurement-while-drilling, and logging-while-drilling services, as well as engineering support services; supplies drilling fluid systems; designs, manufactures, and markets roller …
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
SLB N.V reported revenue of R$35.7B in FY2025 versus R$22.9B in FY2021, a compound +11.7%/yr. Reported net income was R$3.4B in FY2025, compounding +15.7%/yr from FY2021.
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Recent news
- 1 Energy Stock with Exciting Potential and 2 Facing Challenges
- SLB OneSubsea Wins Eni's Major Umbilical Contract for Offshore Growth
- SLB OneSubsea Awarded EPC Contract for Eni’s Baleine Phase 3 Project Offshore Côte d'Ivoire
- Wolfe Research bullish on SLB and BKR, sees selective oil services cycle ahead
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection, not financial advice.
Similar stocks
10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Baker Hughes Company BKR | $66.11 | $30.87 | -53% |
| Halliburton Company HAL | 689.24 MXN | 391.84 MXN | -43% |
| TechnipFMC plc FTI | $69.01 | $29.89 | -57% |
| Tenaris S.A TNRSF | $28.45 | $23.75 | -17% |
| Yantai Jereh Oilfield Services Group 002353 | ¥144.80 | ¥53.54 | -63% |
| Saipem SpA SAPMY | $0.9100 | $0.6200 | -32% |
| Subsea 7 S.A ACGYF | $38.19 | $26.78 | -30% |
| China Oilfield Services Limited 601808 | ¥11.92 | ¥20.38 | +71% |
| Gaztransport & Technigaz SA GZPZY | $46.58 | $45.02 | -3% |
| Technip Energies N.V THNPY | $40.19 | $38.78 | -4% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.