Enterprise Value to EBITDA (EV/EBITDA)
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- Statement of Comprehensive Income
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Capital Asset Pricing Model (CAPM)
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Debt
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Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
SLB N.V., EBITDA calculation
US$ in millions
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
The financial performance exhibits a marked improvement over the five-year period analyzed. The net income attributable shows a notable turnaround from a significant loss in the first year to consistent profitability in subsequent years, with a steady increase in absolute terms year-over-year from 2021 through 2024.
Earnings before tax (EBT) follow a similar trend, recovering from a negative value in the initial year to positive and increasing amounts each year thereafter. This progression indicates improving operational efficiency and/or revenue growth that surpasses the tax expense impacts.
The earnings before interest and tax (EBIT) figures also display a strong upward trend, moving from a considerable loss to progressively larger profits each year. This suggests that the core business activities are generating increasing earnings, before the influence of financing costs and tax obligations.
Lastly, earnings before interest, tax, depreciation, and amortization (EBITDA) reflect the operational cash flow's positive trajectory. The initial negative value transitions into a substantially positive figure with consistent year-on-year growth. This pattern underscores a strengthening operational performance and enhanced cash generation capacity over time.
- Net income (loss) attributable
- Initial significant loss with a consistent and steady rise to profitability from 2021 onwards.
- Earnings before tax (EBT)
- Recovered from negative territory to sustained positive growth, indicating improved pre-tax profitability.
- Earnings before interest and tax (EBIT)
- Showed strong recovery and progressive expansion, confirming enhanced operational efficiency.
- Earnings before interest, tax, depreciation and amortization (EBITDA)
- Demonstrated a significant shift from loss to growing positive cash-based operational earnings each year.
Enterprise Value to EBITDA Ratio, Current
SLB N.V., current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in millions) | |
| Enterprise value (EV) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | |
| Valuation Ratio | |
| EV/EBITDA | |
| Benchmarks | |
| EV/EBITDA, Industry | |
| Energy | |
Based on: 10-K (reporting date: 2024-12-31).
If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.
Enterprise Value to EBITDA Ratio, Historical
SLB N.V., historical EV/EBITDA calculation, comparison to benchmarks
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
The annual financial data reveals notable trends in the enterprise value (EV) and earnings before interest, tax, depreciation, and amortization (EBITDA) over the five-year period from 2020 to 2024.
- Enterprise Value (EV)
- The enterprise value experienced a significant increase from 44,665 million US dollars in 2020 to a peak of 89,522 million US dollars in 2022. Following this peak, the EV declined to 82,899 million in 2023 and further dropped to 66,942 million in 2024. This trend suggests that while the company’s valuation rose sharply during the initial years, it faced downward pressure in the most recent years, ending close to the level seen in 2021.
- Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA)
- EBITDA showed remarkable improvement from a negative value of -8,169 million US dollars in 2020 to positive 5,033 million in 2021, indicating a strong turnaround in operating profitability. The upward trajectory continued through 2022, 2023, and 2024, reaching 8,703 million US dollars in the last period. This consistent growth in EBITDA denotes enhanced operational performance and increased earnings capacity across the observed timeframe.
- EV/EBITDA Ratio
- The EV/EBITDA ratio demonstrates a declining trend from 13.35 in 2021 to 7.69 in 2024. This decrease primarily reflects the combination of the growing EBITDA and the decreasing enterprise value in the last two years. A lower EV/EBITDA ratio can indicate improved valuation attractiveness or operational efficiency, suggesting that the market valuation has become more reasonable relative to the company's earnings.
Overall, the company shows a strong recovery in earnings capacity following a loss in 2020. Despite fluctuations in enterprise value—initially rising and subsequently declining—the consistent EBITDA growth points to improved operational performance. The decreasing EV/EBITDA ratio further supports the conclusion of enhanced valuation metrics relative to earnings during recent periods.