Question 1

What is SLB's P/E ratio?

Accepted Answer

SLB (SLB) P/E ratio is 25.2× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for SLB?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For SLB specifically, the relevant sector benchmark is the current sector median of 17.9×.

Question 5

Is SLB's P/E ratio high or low?

Accepted Answer

SLB's P/E ratio of 25.2× is above its own 5-year average of 19.4× and above the sector median of 17.9×. That places the current reading at the 77th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is SLB's historical P/E ratio range?

Accepted Answer

In the available daily series, SLB (SLB) P/E ratio has ranged from a low of 9.3× in 2008 to a high of 515.9× in 2017. The 5-year average is 19.4× and the 5-year median is 17.9×.

Question 7

What was SLB's P/E ratio in 2025?

Accepted Answer

SLB (SLB) P/E ratio at the end of 2025 was 16.9×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does SLB's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$56.46B	$3.35B	16.9×	+4.6×	Dec 31, 2025
2024	$54.48B	$4.46B	12.2×	-5.5×	Dec 31, 2024
2023	$74.37B	$4.20B	17.7×	-4.4×	Dec 31, 2023
2022	$75.91B	$3.44B	22.1×	-0.3×	Dec 31, 2022
2021	$42.02B	$1.88B	22.3×	—	Dec 31, 2021
2020	$30.39B	−$10.52B	—	—	Dec 31, 2020
2019	$55.64B	−$10.14B	—	—	Dec 31, 2019
2018	$49.93B	$2.14B	23.4×	—	Dec 31, 2018
2017	$93.34B	−$1.50B	—	—	Dec 31, 2017
2016	$116.77B	−$1.69B	—	—	Dec 31, 2016
2015	$87.82B	$2.07B	42.4×	+22.2×	Dec 31, 2015
2014	$109.50B	$5.44B	20.1×	+2.6×	Dec 31, 2014
2013	$118.22B	$6.73B	17.6×	+0.8×	Dec 31, 2013
2012	$92.03B	$5.49B	16.8×	-1.5×	Dec 31, 2012
2011	$91.40B	$5.00B	18.3×	-8.4×	Dec 31, 2011
2010	$113.81B	$4.27B	26.7×	+1.9×	Dec 31, 2010
2009	$77.78B	$3.13B	24.8×	+15.5×	Dec 31, 2009
2008	$50.50B	$5.43B	9.3×	-13.4×	Dec 31, 2008
2007	$117.54B	$5.18B	22.7×	+2.6×	Dec 31, 2007
2006	$74.42B	$3.71B	20.1×	-5.9×	Dec 31, 2006
2005	$57.24B	$2.21B	25.9×	-6.3×	Dec 31, 2005
2004	$39.43B	$1.22B	32.2×	-51.5×	Dec 31, 2004
2003	$32.05B	$383.00M	83.7×	—	Dec 31, 2003
2002	$24.45B	−$2.32B	—	—	Dec 31, 2002
2001	$31.54B	$522.22M	60.4×	—	Dec 31, 2001


Chevron (CVX)	37.2×
Enphase Energy (ENPH)	36.8×
Williams Companies (WMB)	31.4×
Exxon Mobil (XOM)	28.0×
Targa Resources (TRGP)	25.4×
Kinder Morgan (KMI)	22.5×
ConocoPhillips (COP)	22.1×
Enbridge (ENB)	21.6×
Halliburton (HAL)	21.2×
Baker Hughes (BKR)	19.4×
NACCO Industries (NC)	18.1×
Phillips 66 (PSX)	17.8×
Valero Energy (VLO)	17.5×
ONEOK (OKE)	16.1×
Marathon Petroleum (MPC)	15.6×
EOG Resources (EOG)	14.0×
Devon Energy (DVN)	13.8×
Energy Transfer LP (ET)	13.7×
Occidental Petroleum (OXY)	13.5×
National Fuel Gas (NFG)	13.0×
First Solar (FSLR)	12.7×
EQT (EQT)	11.9×
APA (APA)	9.8×
Expand Energy (EXE)	8.2×
Sunrun (RUN)	5.6×

P/E Ratio for SLB (SLB)

P/E Ratio daily chart for SLB (SLB)

Historical P/E Ratio for SLB (SLB) from 2001 to 2025

About P/E Ratio at SLB (SLB)

SLB P/E Ratio by Year

SLB P/E Ratio 2025: 16.9×

SLB P/E Ratio 2024: 12.2×

SLB P/E Ratio 2023: 17.7×

SLB P/E Ratio 2022: 22.1×

SLB P/E Ratio 2021: 22.3×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

SLB (SLB) Key Financials

P/E Ratio daily chart for SLB (SLB)

Historical P/E Ratio for SLB (SLB) from 2001 to 2025

About P/E Ratio at SLB (SLB)

SLB P/E Ratio by Year

SLB P/E Ratio 2025: 16.9×

SLB P/E Ratio 2024: 12.2×

SLB P/E Ratio 2023: 17.7×

SLB P/E Ratio 2022: 22.1×

SLB P/E Ratio 2021: 22.3×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is SLB's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for SLB?

+Is SLB's P/E ratio high or low?

+What is SLB's historical P/E ratio range?

+What was SLB's P/E ratio in 2025?

+Why does SLB's P/E ratio change over time?

SLB (SLB) Key Financials