White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.
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.
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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 cone and fixed cutter drill bits; bottom-hole-assembly and borehole enlargement technologies; well planning, well drilling, engineering, supervision, logistics, procurement, and contracting of third parties, as well as drilling rig management solutions; and drilling equipment and services, as well as land drilling rigs and related services. Further, it provides artificial lift; supplies packers, safety valves, sand control technology, and various intelligent systems; midstream production systems; valves, chokes, actuators, and surface trees; and OneSubsea, an integrated solutions, products, systems, and services, including wellheads, subsea trees, manifolds and flowline connectors, control systems, connectors, and services. SLB N.V. was formerly known as Schlumberger Limited and change its name to SLB N.V. in October 2025. The company was founded in 1926 and is based in Houston, Texas.
SLB N.V (SLBN) currently trades at 885.97 MXN, while our model-based Fair Value estimate is 515.87 MXN, 41.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 624.24 MXN per share, and 0 of the 25 models we run sit above the 885.97 MXN price.
Bear case: the Asset-Based group reads lowest at 212.31 MXN, and 25 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: 366.42 MXN (bear) to 644.83 MXN (bull), the price of 885.97 MXN sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 52/100 (solid quality), in the Energy sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
SLB N.V reported revenue of $35.7B in FY2025 versus $22.9B in FY2021, a compound +11.7%/yr. Reported net income was $3.4B in FY2025, compounding +15.7%/yr from FY2021.
Key figures
Market cap 1.3T MXN (≈ $73.0B) · P/E ratio 22.3 · P/S ratio 2.10 · EPS (TTM) 39.79 MXN · Dividend yield 0.1% · Net margin 9.4% · Return on equity 14.1% · Return on assets (EBIT) 10.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The share trades about 11% below its 52-week high and 52% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −23% fair-value upside, at −42%, SLBN screens richer than that median.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (29.22 MXN per share) are deliberately not added.
Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.
Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF
576.32 MXN
882.71 MXN
1,326 MXN
80
Growth DCF
594.00 MXN
875.91 MXN
1,265 MXN
78
Owner Earnings
444.55 MXN
689.56 MXN
1,044 MXN
76
All 25 models by family
DCF Models
FCF DCF
576.32 MXN
882.71 MXN
1,326 MXN
80
Owner Earnings
444.55 MXN
689.56 MXN
1,044 MXN
76
5Y Revenue Exit
374.59 MXN
571.22 MXN
810.21 MXN
72
5Y EBITDA Exit
387.64 MXN
594.68 MXN
823.59 MXN
75
5Y P/E Exit
397.03 MXN
611.54 MXN
824.76 MXN
71
10Y Revenue Exit
433.05 MXN
624.24 MXN
857.13 MXN
67
10Y EBITDA Exit
451.83 MXN
640.19 MXN
866.97 MXN
69
10Y P/E Exit
457.71 MXN
651.64 MXN
867.83 MXN
64
Earnings-Based
Graham-Dodd
278.45 MXN
695.88 MXN
902.86 MXN
65
PEG = 1.0
127.27 MXN
181.81 MXN
236.36 MXN
57
EPV
459.44 MXN
549.58 MXN
628.45 MXN
74
Dividend Discount
Gordon GGM
178.52 MXN
335.09 MXN
551.64 MXN
66
DDM Multi-Stage
178.52 MXN
270.24 MXN
369.78 MXN
66
Multiples
P/E Multiple
429.97 MXN
573.29 MXN
716.61 MXN
63
P/S Multiple
390.04 MXN
520.05 MXN
650.06 MXN
58
P/B Multiple
427.78 MXN
570.38 MXN
712.97 MXN
55
EV/EBIT
415.43 MXN
581.03 MXN
746.63 MXN
66
EV/EBITDA
331.88 MXN
469.64 MXN
607.40 MXN
67
EV/Revenue
282.65 MXN
438.66 MXN
594.68 MXN
53
Asset-Based
NCAV (Graham)
158.44 MXN
212.31 MXN
316.88 MXN
54
Growth DCF
Growth DCF
594.00 MXN
875.91 MXN
1,265 MXN
78
Rev-Margin DCF
374.59 MXN
580.23 MXN
806.69 MXN
73
Economic Profit
Residual Income
301.80 MXN
359.00 MXN
484.19 MXN
76
ROIC Compounder
479.84 MXN
614.80 MXN
769.58 MXN
72
Growth Earnings
Growth-Adj P/E
344.04 MXN
491.48 MXN
638.92 MXN
67
Open the full fair value analysis →
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Is SLB N.V (SLBN) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of 515.87 MXN versus the last price from Sep 21, 2026 of 885.97 MXN, about −42% upside (overvalued).
What is the fair value of SLBN?
Our model-based fair value for SLB N.V is 515.87 MXN (as of Sep 29, 2026), built from audited fundamentals. Last price (from Sep 21, 2026): 885.97 MXN.
What is the quality score of SLBN?
SLB N.V has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for SLB N.V (SLBN)?
Our model-based price target is the fair value of 515.87 MXN (as of Sep 29, 2026) from 25 valuation models. Cautious scenario 366.42 MXN, optimistic scenario 644.83 MXN. It is a calculation from audited fundamentals, not an analyst target.
What is the SLB N.V stock forecast for 2026?
Our models put fair value at 515.87 MXN, about −42% upside versus the last price from Sep 21, 2026 of 885.97 MXN (overvalued). Cautious scenario 366.42 MXN, optimistic scenario 644.83 MXN. The calculation is refreshed regularly with new filings.
What is the revenue of SLB N.V (SLBN)?
SLB N.V reported trailing-twelve-month revenue of about $35.9B (latest available figure, as of Sep 29, 2026).
Does SLB N.V pay a dividend?
SLB N.V currently shows a dividend yield of about 0.13% relative to its recent price (as of Sep 29, 2026).
What growth is priced into SLB N.V (SLBN)?
For today's price to be fair in a discounted-cash-flow model, SLB N.V would have to grow free cash flow by +10.0 % per year for five years (discount rate 10.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.6 % per year. As of Sep 29, 2026.
What discount rate (WACC) does the fair value of SLBN use?
Our models discount SLB N.V at 10.7 %: a base by market capitalisation (large), damped by beta 0.73, country premium for Mexico. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For SLB N.V that is +10.0 % per year a year over ten years, using the same discount rate (10.7 %) and the same formula as our fair value.
How much growth has SLB N.V (SLBN) delivered so far?
Over the past 5 years revenue at SLB N.V grew +8.6 % a year. The price currently implies +10.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of SLB N.V (SLBN) growing?
The median revenue growth in the sector is +9.0 % a year. That is the yardstick for the growth priced into SLB N.V (+10.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of SLB N.V (SLBN)?
The free-cash-flow yield on the price is 6.22 %: that much free cash flow SLB N.V produces per unit of market value. When it exceeds the discount rate of our models (10.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of SLB N.V (SLBN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SLB N.V it is 515.87 MXN per share (as of Sep 29, 2026), against a price of 885.97 MXN. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is SLB N.V stock overvalued or undervalued in 2026?
As of Sep 29, 2026, SLBN trades above its calculated fair value: price 885.97 MXN, fair value 515.87 MXN, a gap of about −42% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SLBN?
No. The price is what the market pays today (885.97 MXN); the fair value is what the company's own numbers justify (515.87 MXN). For SLB N.V the two are 370.10 MXN per share apart. That gap is exactly why we show both numbers side by side.
How much is SLB N.V worth?
The market values SLB N.V at about 1.3T MXN (market capitalisation, as of Sep 29, 2026). Per share that is 885.97 MXN; our models calculate a fair value of 515.87 MXN per share.
What do the bullish and bearish scenarios say about SLBN?
Our models span a range for SLB N.V: cautious scenario 366.42 MXN, base 515.87 MXN, optimistic 644.83 MXN per share (as of Sep 29, 2026, price 885.97 MXN). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is SLBN from its 52-week high?
SLB N.V trades at 885.97 MXN, about 11% below its 52-week high of 1,001 MXN and 52% above the low of 581.90 MXN (as of Sep 21, 2026). Distance from the high says nothing about value: that is what the fair value of 515.87 MXN is for.
Which stocks are comparable to SLB N.V?
From the same area (Energy) we also value Baker Hughes Company, TechnipFMC plc, Halliburton Company, Yantai Jereh Oilfield Services Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is SLB N.V stock attractive at the current price?
The data as of Sep 29, 2026: price 885.97 MXN, calculated fair value 515.87 MXN (−42%), Quality Score 52/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SLBN calculated?
We run SLB N.V through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 515.87 MXN, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. SLB N.V itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on
is it worth investing now.
What is the share price of SLB N.V (SLBN)?
The latest price we hold is from Sep 21, 2026 and stands at 885.97 MXN. Our model-based fair value is 515.87 MXN, about −42% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SLB N.V right now?
The price sits above even our optimistic bull case (644.83 MXN). The favourable scenario is already priced in. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of SLB N.V
How large is the market capitalisation of SLB N.V (SLBN)?
The market capitalisation of SLB N.V is 1.3T MXN (≈ $73.0B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/E ratio of SLB N.V (SLBN)?
The price-to-earnings ratio of SLB N.V is 22.3. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of SLB N.V (SLBN)?
The price-to-sales ratio of SLB N.V is 2.10 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of SLB N.V (SLBN)?
Earnings per share at SLB N.V are 39.79 MXN (price ÷ EPS = P/E 22.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SLB N.V (SLBN)?
The dividend yield of SLB N.V is 0.1% (payout 2.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of SLB N.V (SLBN)?
The net margin of SLB N.V is 9.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of SLB N.V (SLBN)?
The return on equity (ROE) of SLB N.V is 14.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of SLB N.V (SLBN)?
On an EBIT basis the return on assets of SLB N.V is 10.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of SLB N.V (SLBN)?
The operating margin of SLB N.V is 12.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SLB N.V (SLBN)?
Revenue at SLB N.V is growing +2.7% versus a year earlier (3y avg +8.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at SLB N.V (SLBN)?
Earnings per share at SLB N.V are growing −13.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does SLB N.V (SLBN) carry?
The net debt of SLB N.V is $8.6B (fiscal year 2025, ≈ 1.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
