Price to Sales (P/S)
since 2005
Calculation
Schlumberger Ltd., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Revenue1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 22, 2025 | 1.61 | = | 41.63 | ÷ | 25.90 | 25.90 | = | 36,289 | ÷ | 1,400,850,420 | |
| Jan 24, 2024 | 2.23 | = | 51.67 | ÷ | 23.21 | 23.21 | = | 33,135 | ÷ | 1,427,394,843 | |
| Jan 25, 2023 | 2.84 | = | 56.25 | ÷ | 19.78 | 19.78 | = | 28,091 | ÷ | 1,420,188,492 | |
| Jan 26, 2022 | 2.44 | = | 39.80 | ÷ | 16.34 | 16.34 | = | 22,929 | ÷ | 1,403,381,685 | |
| Jan 27, 2021 | 1.29 | = | 21.81 | ÷ | 16.95 | 16.95 | = | 23,601 | ÷ | 1,392,325,960 | |
| Jan 22, 2020 | 1.54 | = | 36.68 | ÷ | 23.78 | 23.78 | = | 32,917 | ÷ | 1,384,515,345 | |
| Jan 23, 2019 | 1.83 | = | 43.31 | ÷ | 23.73 | 23.73 | = | 32,815 | ÷ | 1,382,964,324 | |
| Jan 24, 2018 | 3.55 | = | 78.18 | ÷ | 22.00 | 22.00 | = | 30,440 | ÷ | 1,383,932,776 | |
| Jan 25, 2017 | 4.28 | = | 85.51 | ÷ | 19.99 | 19.99 | = | 27,810 | ÷ | 1,391,475,510 | |
| Jan 27, 2016 | 2.32 | = | 65.55 | ÷ | 28.24 | 28.24 | = | 35,475 | ÷ | 1,256,367,980 | |
| Jan 29, 2015 | 2.15 | = | 81.90 | ÷ | 38.09 | 38.09 | = | 48,580 | ÷ | 1,275,312,404 | |
| Jan 31, 2014 | 2.53 | = | 87.57 | ÷ | 34.62 | 34.62 | = | 45,266 | ÷ | 1,307,330,369 | |
| Jan 31, 2013 | 2.46 | = | 78.05 | ÷ | 31.73 | 31.73 | = | 42,149 | ÷ | 1,328,255,773 | |
| Feb 1, 2012 | 2.57 | = | 76.12 | ÷ | 29.65 | 29.65 | = | 39,540 | ÷ | 1,333,775,406 | |
| Feb 4, 2011 | 4.43 | = | 89.33 | ÷ | 20.17 | 20.17 | = | 27,447 | ÷ | 1,360,993,901 | |
| Feb 5, 2010 | 3.27 | = | 62.06 | ÷ | 18.97 | 18.97 | = | 22,702 | ÷ | 1,196,589,089 | |
| Feb 11, 2009 | 1.87 | = | 42.55 | ÷ | 22.71 | 22.71 | = | 27,163 | ÷ | 1,195,989,819 | |
| Feb 13, 2008 | 4.37 | = | 84.89 | ÷ | 19.43 | 19.43 | = | 23,277 | ÷ | 1,197,711,334 | |
| Feb 16, 2007 | 3.88 | = | 63.33 | ÷ | 16.32 | 16.32 | = | 19,230 | ÷ | 1,178,543,838 | |
| Feb 24, 2006 | 4.89 | = | 59.20 | ÷ | 12.11 | 12.11 | = | 14,309 | ÷ | 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 experienced significant fluctuations over the observed period. It rose notably from 59.2 US$ in early 2006 to peak levels above 89 US$ in 2011, followed by periods of volatility. After a low point near 21.81 US$ in early 2021, the share price recovered somewhat to reach 56.25 US$ in early 2023 but then declined again to 41.63 US$ by early 2025.
- Sales Per Share Trend
- Sales per share displayed an overall upward trend until around 2010, rising from 12.11 US$ in 2006 to a high exceeding 38 US$ in 2014, with a temporary decline thereafter. From 2015 onward, sales per share fluctuated but maintained moderate growth, ending at 25.9 US$ in early 2025, which is more than double the initial value in 2006.
- Price-to-Sales (P/S) Ratio Trend
- The P/S ratio saw a general decline over the period analyzed. Starting from a high of 4.89 in early 2006, it dropped to lows below 1.3 in 2021, indicating that the market valuation per sales dollar contracted substantially at that time. Following this, there was a partial recovery in the P/S ratio, though it remained around 1.6 by early 2025, considerably lower than the initial levels.
- Insights on Relationships and Valuation
- The share price volatility does not entirely mirror sales per share, suggesting market sentiment and external factors influenced valuation beyond the fundamental sales growth. The sharp decline in the P/S ratio around 2020-2021 reflects a significant reduction in market confidence or a revaluation of the company's worth relative to sales. Despite the increase in sales per share from 2021 to 2025, the P/S ratio remained subdued, indicating cautious market optimism or valuation adjustments.
- Summary
- Overall, sales per share exhibited strong long-term growth with cyclicality, while the share price was highly volatile, leading to considerable fluctuation in the P/S ratio. The data suggests periods of market undervaluation, particularly around 2020-2021, and partial recovery thereafter. These trends may imply challenges faced by the company or its industry during downturns, followed by gradual improvement in operational performance but persistent cautious investor sentiment.
Comparison to Industry (Energy)
Schlumberger Ltd., P/S, long-term trends, comparison to industry (energy)
| Schlumberger Ltd. | Energy | |
|---|---|---|
| Jan 22, 2025 | 1.61 | 1.51 |
| Jan 24, 2024 | 2.23 | 1.47 |
| Jan 25, 2023 | 2.84 | 1.31 |
| Jan 26, 2022 | 2.44 | 1.51 |
| Jan 27, 2021 | 1.29 | 1.68 |
| Jan 22, 2020 | 1.54 | 1.19 |
| Jan 23, 2019 | 1.83 | 1.43 |
| Jan 24, 2018 | 3.55 | 1.70 |
| Jan 25, 2017 | 4.28 | 1.98 |
| Jan 27, 2016 | 2.32 | 1.45 |
| Jan 29, 2015 | 2.15 | 1.16 |
| Jan 31, 2014 | 2.53 | 1.18 |
| Jan 31, 2013 | 2.46 | 1.07 |
| Feb 1, 2012 | 2.57 | 0.89 |
| Feb 4, 2011 | 4.43 | 1.17 |
| Feb 5, 2010 | 3.27 | 1.01 |
| Feb 11, 2009 | 1.87 | 0.60 |
| Feb 13, 2008 | 4.37 | 1.14 |
| Feb 16, 2007 | 3.88 | 0.99 |
| Feb 24, 2006 | 4.89 | 0.90 |
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).