Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
Paying user area
Try for free
SLB N.V. pages available for free this week:
- Statement of Comprehensive Income
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Debt
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to SLB N.V. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Historical Valuation Ratios (Summary)
SLB N.V., historical price multiples (quarterly data)
Based on: 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
The valuation ratios exhibit a distinct cyclical pattern characterized by a prolonged period of contraction from early 2022 through early 2025, followed by a sharp expansion in valuation multiples during the latter half of 2025 and into early 2026.
- Price to Earnings (P/E)
- A sustained downward trend is evident from March 2022, where the ratio stood at 26.99, reaching a minimum of 11.21 by March 2025. This contraction suggests a period of declining market sentiment or a significant increase in earnings relative to the share price. A rapid reversal is observed starting in September 2025, with the ratio ascending to 25.01 by March 2026, returning the multiple to levels near the start of the analyzed period.
- Price to Operating Profit (P/OP)
- The P/OP ratio mirrors the trajectory of the P/E ratio, declining from 18.99 in March 2022 to a trough of 8.46 in March 2025. This synchronized movement indicates that the valuation compression was consistent across both net and operating profit metrics. A sharp recovery followed, with the ratio climbing back to 19.53 by March 2026.
- Price to Sales (P/S)
- The P/S ratio experienced moderate volatility, peaking at 2.84 in December 2022 before entering a steady decline to 1.30 in March 2025. This suggests that the market attributed less value to each unit of revenue during this interval. The ratio subsequently rebounded to 2.32 by March 2026, indicating a restoration of the revenue multiple.
- Price to Book Value (P/BV)
- Valuation relative to book value peaked at 4.52 in December 2022. Following this peak, a consistent decline occurred, reaching a low of 2.03 in September 2025. The recovery phase began in late 2025, with the ratio increasing to 3.18 by March 2026, though it remained below the 2022 peak.
Overall, the data reveals a comprehensive valuation correction across all measured ratios that culminated in the first quarter of 2025. The subsequent surge in multiples across P/E, P/OP, P/S, and P/BV between September 2025 and March 2026 indicates a strong and broad-based recovery in market valuation.
Price to Earnings (P/E)
SLB N.V., historical P/E calculation (quarterly data)
Based on: 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2026 Calculation
EPS
= (Net income attributable to SLBQ1 2026
+ Net income attributable to SLBQ4 2025
+ Net income attributable to SLBQ3 2025
+ Net income attributable to SLBQ2 2025)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of SLB N.V. Quarterly or Annual Report.
4 Q1 2026 Calculation
P/E ratio = Share price ÷ EPS
= ÷ =
The valuation profile reflects a period of significant divergence between earnings performance and market pricing, characterized by a prolonged contraction in the price-to-earnings (P/E) ratio followed by a sharp expansion in the final quarters.
- Share Price Dynamics
- The share price exhibited notable volatility, reaching a peak of 57.67 in June 2023. This was followed by a sustained downward trend that bottomed at 34.52 in March 2025. A rapid recovery occurred thereafter, with the price ascending to 55.70 by March 2026.
- Earnings per Share (EPS) Performance
- Earnings demonstrated a consistent upward trajectory for nearly three years, increasing from 1.48 in March 2022 to a peak of 3.18 in December 2024. Following this peak, a reversal occurred, with EPS declining steadily to 2.23 by March 2026.
- P/E Ratio Evolution and Interpretation
- The P/E ratio underwent a comprehensive compression phase from March 2022, when it stood at 26.99, reaching a minimum of 11.21 in March 2025. This contraction indicates that during this period, earnings growth largely outpaced share price growth, leading to a lower valuation multiple. In the final three quarters, the trend inverted sharply; the P/E ratio climbed from 14.30 in September 2025 to 25.01 by March 2026. This expansion is particularly significant as it was driven by a surge in share price occurring simultaneously with declining earnings, signaling a substantial increase in the multiple the market was willing to pay per dollar of earnings.
Price to Operating Profit (P/OP)
SLB N.V., historical P/OP calculation (quarterly data)
Based on: 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2026 Calculation
Operating profit per share
= (Operating incomeQ1 2026
+ Operating incomeQ4 2025
+ Operating incomeQ3 2025
+ Operating incomeQ2 2025)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of SLB N.V. Quarterly or Annual Report.
4 Q1 2026 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= ÷ =
An analysis of the valuation metrics between March 2022 and March 2026 reveals a distinct cyclical pattern characterized by a period of multiple compression followed by a sharp valuation expansion.
- Share Price Volatility
- The share price exhibited significant fluctuations, peaking at 56.25 in December 2022 before entering a prolonged decline that reached a trough of 34.52 in March 2025. This downward trajectory was reversed in the latter half of 2025, with the price recovering to 55.70 by March 2026.
- Operating Profit per Share Performance
- Operating profit per share demonstrated consistent growth for the majority of the period, rising from 2.10 in March 2022 to a peak of 4.16 in September 2024. Following this peak, a steady decline was observed, with the figure retreating to 2.85 by March 2026, indicating a contraction in operational profitability during the same period that the share price was recovering.
- Price to Operating Profit (P/OP) Ratio Trends
- The P/OP ratio underwent a substantial compression phase starting in March 2023, falling from 14.72 to a low of 8.46 by March 2025. This compression occurred despite the simultaneous increase in operating profit per share, suggesting that market sentiment diminished or the perceived risk increased, leading to a lower valuation multiple.
- Valuation Divergence
- A notable divergence is observed from June 2025 through March 2026. During this interval, the P/OP ratio climbed sharply from 9.06 to 19.53. This expansion was driven entirely by the increase in share price, as it occurred while operating profit per share was concurrently declining from 3.89 to 2.85. This indicates a significant market re-rating where the stock price increased despite weakening operational fundamentals.
Price to Sales (P/S)
SLB N.V., historical P/S calculation (quarterly data)
Based on: 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2026 Calculation
Sales per share
= (RevenueQ1 2026
+ RevenueQ4 2025
+ RevenueQ3 2025
+ RevenueQ2 2025)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of SLB N.V. Quarterly or Annual Report.
4 Q1 2026 Calculation
P/S ratio = Share price ÷ Sales per share
= ÷ =
The valuation of SLB N.V. as measured by the Price-to-Sales (P/S) ratio exhibits a cyclical pattern characterized by an initial period of stability, a significant contraction through 2024 and early 2025, and a sharp recovery leading into 2026.
- P/S Ratio Trend Analysis
- The P/S ratio fluctuated between 2.07 and 2.84 throughout 2022, peaking at 2.84 in December of that year. A sustained downward trend emerged subsequently, with the ratio compressing to a low of 1.30 by March 31, 2025. This decline was followed by a rapid expansion in the final three quarters of the analyzed period, ending at 2.32 in March 2026.
- Operational Performance and Valuation Divergence
- A significant divergence is observed between revenue growth and market valuation from March 2023 to March 2025. During this period, sales per share increased consistently from 20.95 to a peak of 26.52. Despite this growth in top-line performance per share, the share price declined from 47.78 to 34.52. This inverse relationship resulted in the P/S ratio falling from 2.28 to 1.30, indicating a contraction in the multiple the market was willing to pay for the company's sales.
- Valuation Recovery and Sentiment Shift
- Starting in June 2025, a reversal in valuation trends occurred. While sales per share experienced a slight decline, moving from 26.26 in June 2025 to 24.04 by March 2026, the share price saw a substantial increase from 35.24 to 55.70. This surge in equity price, decoupled from sales growth, drove the P/S ratio upward from 1.34 to 2.32, reflecting a significant restoration of market confidence and valuation premiums.
Price to Book Value (P/BV)
SLB N.V., historical P/BV calculation (quarterly data)
Based on: 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2026 Calculation
BVPS = Total SLB stockholders’ equity ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of SLB N.V. Quarterly or Annual Report.
4 Q1 2026 Calculation
P/BV ratio = Share price ÷ BVPS
= ÷ =
The analysis of valuation metrics reveals a volatile trajectory in the Price to Book Value (P/BV) ratio, characterized by an initial expansion, a significant multi-quarter contraction, and a recent recovery phase.
- Price to Book Value (P/BV) Trends
- The P/BV ratio experienced an early peak of 4.52 in December 2022 and remained elevated above 4.00 through September 2023. Subsequently, a sustained downward trend occurred, with the ratio reaching a period low of 2.03 by September 2025. This compression indicates a substantial reduction in the market premium attributed to the company's net assets over a two-year span. A sharp reversal is observed in the final two quarters of the period, with the ratio climbing back to 3.18 by March 2026.
- Book Value Per Share (BVPS) Progression
- The BVPS demonstrated a consistent upward trajectory for the majority of the observed timeframe, rising from 10.86 in March 2022 to a peak of 15.23 in September 2024. A brief contraction to 14.35 was noted in March 2025, which was immediately followed by a strong recovery, ending at 17.51 by March 2026. This growth suggests a steady increase in the company's underlying equity per share despite fluctuations in market valuation.
- Correlation Between Share Price and Valuation Multiples
- The fluctuations in the P/BV ratio were primarily driven by share price volatility. While the BVPS generally increased, the share price exhibited significant swings, peaking at 57.67 in June 2023 and dropping to a low of 34.52 in March 2025. The valuation compression observed between 2023 and 2025 resulted from the share price declining more rapidly than the book value grew. The final recovery in the P/BV ratio was driven by a rapid increase in the share price to 55.70 by March 2026, coinciding with the highest recorded BVPS of 17.51.