Price to Book Value (P/BV)
since 2005
Calculation
Schlumberger Ltd., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Total SLB stockholders’ equity1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 22, 2025 | 2.76 | = | 41.63 | ÷ | 15.08 | 15.08 | = | 21,130 | ÷ | 1,400,850,420 | |
| Jan 24, 2024 | 3.65 | = | 51.67 | ÷ | 14.14 | 14.14 | = | 20,189 | ÷ | 1,427,394,843 | |
| Jan 25, 2023 | 4.52 | = | 56.25 | ÷ | 12.45 | 12.45 | = | 17,685 | ÷ | 1,420,188,492 | |
| Jan 26, 2022 | 3.72 | = | 39.80 | ÷ | 10.69 | 10.69 | = | 15,004 | ÷ | 1,403,381,685 | |
| Jan 27, 2021 | 2.52 | = | 21.81 | ÷ | 8.67 | 8.67 | = | 12,071 | ÷ | 1,392,325,960 | |
| Jan 22, 2020 | 2.14 | = | 36.68 | ÷ | 17.16 | 17.16 | = | 23,760 | ÷ | 1,384,515,345 | |
| Jan 23, 2019 | 1.66 | = | 43.31 | ÷ | 26.15 | 26.15 | = | 36,162 | ÷ | 1,382,964,324 | |
| Jan 24, 2018 | 2.94 | = | 78.18 | ÷ | 26.62 | 26.62 | = | 36,842 | ÷ | 1,383,932,776 | |
| Jan 25, 2017 | 2.90 | = | 85.51 | ÷ | 29.52 | 29.52 | = | 41,078 | ÷ | 1,391,475,510 | |
| Jan 27, 2016 | 2.31 | = | 65.55 | ÷ | 28.36 | 28.36 | = | 35,633 | ÷ | 1,256,367,980 | |
| Jan 29, 2015 | 2.76 | = | 81.90 | ÷ | 29.68 | 29.68 | = | 37,850 | ÷ | 1,275,312,404 | |
| Jan 31, 2014 | 2.90 | = | 87.57 | ÷ | 30.19 | 30.19 | = | 39,469 | ÷ | 1,307,330,369 | |
| Jan 31, 2013 | 2.98 | = | 78.05 | ÷ | 26.16 | 26.16 | = | 34,751 | ÷ | 1,328,255,773 | |
| Feb 1, 2012 | 3.25 | = | 76.12 | ÷ | 23.44 | 23.44 | = | 31,263 | ÷ | 1,333,775,406 | |
| Feb 4, 2011 | 3.89 | = | 89.33 | ÷ | 22.94 | 22.94 | = | 31,226 | ÷ | 1,360,993,901 | |
| Feb 5, 2010 | 3.88 | = | 62.06 | ÷ | 15.98 | 15.98 | = | 19,120 | ÷ | 1,196,589,089 | |
| Feb 11, 2009 | 3.02 | = | 42.55 | ÷ | 14.10 | 14.10 | = | 16,862 | ÷ | 1,195,989,819 | |
| Feb 13, 2008 | 6.83 | = | 84.89 | ÷ | 12.42 | 12.42 | = | 14,876 | ÷ | 1,197,711,334 | |
| Feb 16, 2007 | 7.16 | = | 63.33 | ÷ | 8.84 | 8.84 | = | 10,420 | ÷ | 1,178,543,838 | |
| Feb 24, 2006 | 9.22 | = | 59.20 | ÷ | 6.42 | 6.42 | = | 7,592 | ÷ | 1,181,737,386 |
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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Schlumberger Ltd. Annual Report.
- Share Price Trend
- The share price exhibited significant volatility over the analyzed period. It started at $59.20 in early 2006 and reached a high point of $89.33 in early 2011. After a sharp decline to $21.81 in early 2021, it rebounded to $56.25 in early 2022, followed by moderate fluctuations towards $41.63 by early 2025. Notably, there were pronounced declines around 2009, 2019-2021, and a moderate decrease after 2022.
- Book Value Per Share (BVPS) Trend
- The BVPS showed a generally upward trend from $6.42 in 2006 to $30.19 in 2014, indicating asset growth per share. This was followed by a decline to $8.67 in early 2021, possibly reflecting asset write-downs or losses during this period. Subsequently, there was a recovery, with BVPS reaching $15.08 by early 2025. Overall, the BVPS indicates long-term growth interrupted by a significant downturn.
- Price-to-Book Value Ratio (P/BV) Trend
- The P/BV ratio declined substantially from a high of 9.22 in 2006 to a low of 1.66 in early 2019, suggesting a market revaluation towards a more conservative pricing relative to book value. From 2019 onward, the ratio increased again, peaking at 4.52 in early 2023 before declining to 2.76 by early 2025. This pattern reflects shifts in market sentiment, alternating between optimistic and cautious views of the company’s value.
- Insights
- The divergence between share price and book value trends highlights periods of market optimism and pessimism. The significant fluctuations in both share price and BVPS, especially the steep decline observed around 2020-2021, likely correspond to external economic or sector-specific challenges. The recovery in BVPS after 2021 coupled with the rising P/BV ratio until 2023 suggests renewed investor confidence, although the subsequent decrease in share price and P/BV ratio by early 2025 indicates a more tempered market outlook.
Comparison to Industry (Energy)
Schlumberger Ltd., P/BV, long-term trends, comparison to industry (energy)
| Schlumberger Ltd. | Energy | |
|---|---|---|
| Jan 22, 2025 | 2.76 | 1.83 |
| Jan 24, 2024 | 3.65 | 2.05 |
| Jan 25, 2023 | 4.52 | 2.27 |
| Jan 26, 2022 | 3.72 | 2.06 |
| Jan 27, 2021 | 2.52 | 1.60 |
| Jan 22, 2020 | 2.14 | 1.33 |
| Jan 23, 2019 | 1.66 | 1.73 |
| Jan 24, 2018 | 2.94 | 1.78 |
| Jan 25, 2017 | 2.90 | 1.89 |
| Jan 27, 2016 | 2.31 | 1.60 |
| Jan 29, 2015 | 2.76 | 1.82 |
| Jan 31, 2014 | 2.90 | 1.97 |
| Jan 31, 2013 | 2.98 | 2.04 |
| Feb 1, 2012 | 3.25 | 2.21 |
| Feb 4, 2011 | 3.89 | 2.46 |
| Feb 5, 2010 | 3.88 | 2.11 |
| Feb 11, 2009 | 3.02 | 2.04 |
| Feb 13, 2008 | 6.83 | 2.92 |
| Feb 16, 2007 | 7.16 | 2.64 |
| Feb 24, 2006 | 9.22 | 2.74 |
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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).