SLB N.V. (NYSE:SLB)

The price-to-sales (P/S) ratio, calculated from the provided share price and sales per share figures, exhibits considerable fluctuation over the observed period from 2006 to 2026. Initial values indicate a P/S ratio around 4.89 in 2006, followed by a decrease to 3.88 in 2007. The ratio then experiences a period of relative stability, hovering around the 4.37 to 3.27 range between 2008 and 2010.

Significant Decline (2008-2009)

A notable decline in the P/S ratio is observed between 2008 and 2009, falling from 4.37 to a low of 1.87. This decrease coincides with a substantial drop in share price during the same period, suggesting a potential market correction or negative investor sentiment.

Following the 2009 low, the P/S ratio demonstrates a recovery, peaking at 4.43 in 2011. However, this is followed by another period of decline, reaching 2.57 in 2012 and remaining relatively low through 2014 at 2.15. A subsequent increase is seen in 2015 and 2016, reaching 4.28, before declining again to 3.55 in 2018.

Recent Trends (2019-2026)

From 2019 through 2021, the P/S ratio experiences a significant downward trend, decreasing from 1.83 to 1.29. A modest recovery is then observed in 2022 and 2023, with the ratio increasing to 2.84 and 2.23 respectively. The most recent values, for 2024 and 2025, show a decrease to 1.61 and a slight increase to 2.06. The ratio fluctuates, but generally remains lower than the levels observed in the earlier part of the period.

Overall, the P/S ratio demonstrates a lack of consistent directional movement. While periods of increase and decrease are evident, no sustained long-term trend is apparent. The ratio appears sensitive to fluctuations in both share price and sales per share, and external economic factors likely play a role in the observed volatility.

Volatility

The P/S ratio exhibits considerable volatility throughout the period. The highest value recorded is 4.89 (2006), while the lowest is 1.29 (2021). This wide range suggests that investor perception of the value relative to sales has changed significantly over time.