Stock Analysis on Net

Schlumberger Ltd. (NYSE:SLB)

Price to Earnings (P/E)
since 2005

Microsoft Excel

Calculation

Schlumberger Ltd., P/E, long-term trends, calculation

Microsoft Excel

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 demonstrated significant fluctuations over the analyzed period. Initially, it increased from $59.2 in early 2006 to a peak of $89.33 in early 2011. This was followed by volatility, with a notable decline to $36.68 by early 2020. Subsequent years saw some recovery, rising to $56.25 by early 2023, but then decreasing again to $41.63 by early 2025. Overall, the share price showed cyclical behavior with highs around 2011 and lows around 2020.
Earnings Per Share (EPS) Trend
EPS showed growth from $1.87 in 2006 to a high of $5.15 in 2014, indicating improving profitability during that period. However, starting in 2015, EPS experienced a steep decline, turning negative in 2017 (-$1.21) and remaining negative through 2020. From 2021 onwards, EPS recovered steadily reaching $3.18 by early 2025. This pattern suggests a challenging phase for the company between 2015 and 2020, followed by a period of gradual recovery.
Price-to-Earnings (P/E) Ratio Trend
The P/E ratio decreased from a high of 31.7 in 2006 to a low near 9.36 in 2009, indicating increasing investor confidence during improved earnings performance. After 2009, P/E fluctuated, with missing data for some years, but reached a high of 39.75 in 2015—the year that EPS sharply declined—possibly reflecting market uncertainty or overvaluation at that time. More recently, the P/E ratio declined to 13.07 by early 2025, aligning with the recovering EPS and somewhat stabilizing share price, suggesting renewed investor confidence and valuation normalization.
Overall Insights
The financial data indicates a strong growth phase until around 2014, followed by a period of considerable financial stress, illustrated by negative EPS and lowered share prices. The subsequent recovery in EPS and stabilization in the P/E ratio suggest effective corrective measures or improved market conditions. The volatility in share price and earnings reflects sensitivity to external factors or company-specific challenges during the middle years, while the recent trends imply cautious optimism about future performance.

Comparison to Industry (Energy)

Schlumberger Ltd., P/E, long-term trends, comparison to industry (energy)

Microsoft Excel

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).