Price to Earnings (P/E)
since 2005
Calculation
Schlumberger Ltd., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss) attributable to SLB1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 22, 2025 | 13.07 | = | 41.63 | ÷ | 3.18 | 3.18 | = | 4,461 | ÷ | 1,400,850,420 | |
| Jan 24, 2024 | 17.55 | = | 51.67 | ÷ | 2.94 | 2.94 | = | 4,203 | ÷ | 1,427,394,843 | |
| Jan 25, 2023 | 23.22 | = | 56.25 | ÷ | 2.42 | 2.42 | = | 3,441 | ÷ | 1,420,188,492 | |
| Jan 26, 2022 | 29.69 | = | 39.80 | ÷ | 1.34 | 1.34 | = | 1,881 | ÷ | 1,403,381,685 | |
| Jan 27, 2021 | — | = | 21.81 | ÷ | -7.55 | -7.55 | = | -10,518 | ÷ | 1,392,325,960 | |
| Jan 22, 2020 | — | = | 36.68 | ÷ | -7.32 | -7.32 | = | -10,137 | ÷ | 1,384,515,345 | |
| Jan 23, 2019 | 28.02 | = | 43.31 | ÷ | 1.55 | 1.55 | = | 2,138 | ÷ | 1,382,964,324 | |
| Jan 24, 2018 | — | = | 78.18 | ÷ | -1.09 | -1.09 | = | -1,505 | ÷ | 1,383,932,776 | |
| Jan 25, 2017 | — | = | 85.51 | ÷ | -1.21 | -1.21 | = | -1,687 | ÷ | 1,391,475,510 | |
| Jan 27, 2016 | 39.75 | = | 65.55 | ÷ | 1.65 | 1.65 | = | 2,072 | ÷ | 1,256,367,980 | |
| Jan 29, 2015 | 19.21 | = | 81.90 | ÷ | 4.26 | 4.26 | = | 5,438 | ÷ | 1,275,312,404 | |
| Jan 31, 2014 | 17.01 | = | 87.57 | ÷ | 5.15 | 5.15 | = | 6,732 | ÷ | 1,307,330,369 | |
| Jan 31, 2013 | 18.88 | = | 78.05 | ÷ | 4.13 | 4.13 | = | 5,490 | ÷ | 1,328,255,773 | |
| Feb 1, 2012 | 20.32 | = | 76.12 | ÷ | 3.75 | 3.75 | = | 4,997 | ÷ | 1,333,775,406 | |
| Feb 4, 2011 | 28.49 | = | 89.33 | ÷ | 3.14 | 3.14 | = | 4,267 | ÷ | 1,360,993,901 | |
| Feb 5, 2010 | 23.70 | = | 62.06 | ÷ | 2.62 | 2.62 | = | 3,134 | ÷ | 1,196,589,089 | |
| Feb 11, 2009 | 9.36 | = | 42.55 | ÷ | 4.54 | 4.54 | = | 5,435 | ÷ | 1,195,989,819 | |
| Feb 13, 2008 | 19.64 | = | 84.89 | ÷ | 4.32 | 4.32 | = | 5,177 | ÷ | 1,197,711,334 | |
| Feb 16, 2007 | 20.12 | = | 63.33 | ÷ | 3.15 | 3.15 | = | 3,710 | ÷ | 1,178,543,838 | |
| Feb 24, 2006 | 31.70 | = | 59.20 | ÷ | 1.87 | 1.87 | = | 2,207 | ÷ | 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 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)
| Schlumberger Ltd. | Energy | |
|---|---|---|
| Jan 22, 2025 | 13.07 | 14.58 |
| Jan 24, 2024 | 17.55 | 12.52 |
| Jan 25, 2023 | 23.22 | 8.11 |
| Jan 26, 2022 | 29.69 | 15.92 |
| Jan 27, 2021 | — | — |
| Jan 22, 2020 | — | 42.93 |
| Jan 23, 2019 | 28.02 | 15.61 |
| Jan 24, 2018 | — | 27.13 |
| Jan 25, 2017 | — | 527.67 |
| Jan 27, 2016 | 39.75 | 64.02 |
| Jan 29, 2015 | 19.21 | 12.81 |
| Jan 31, 2014 | 17.01 | 11.89 |
| Jan 31, 2013 | 18.88 | 9.68 |
| Feb 1, 2012 | 20.32 | 9.84 |
| Feb 4, 2011 | 28.49 | 13.56 |
| Feb 5, 2010 | 23.70 | 16.28 |
| Feb 11, 2009 | 9.36 | 9.48 |
| Feb 13, 2008 | 19.64 | 11.63 |
| Feb 16, 2007 | 20.12 | 9.74 |
| Feb 24, 2006 | 31.70 | 9.58 |
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).