The PE ratio for SLB stock stands at 23.84 as of Jul 31, 2026. This is calculated based on the TTM EPS of $2.08 and the stock price of $49.59 per share. An increase of 29% has been observed in the PE ratio compared to its average of 18.5 of the last four quarters.
SLB PE ratio history
Over the last ten years, the average PE ratio of SLB has been 43.6. The current 23.84 P/E ratio is 45% lower than the historical average. Looking back at the last ten years, SLB's PE ratio peaked in the Jun 2017 quarter at 470.29, with a price of $65.84 and an EPS of $0.14. The Jun 2025 quarter marked the lowest point at 11.46, with a price of $33.8 and an EPS of $2.95.
SLB PE ratio by year
Maximum annual increase: 110.37% in 2015
Maximum annual decrease: -30.78% in 2024
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 16.13 | 32.1% | $38.38 | $2.38 |
| 2024 | 12.21 | -30.78% | $38.34 | $3.14 |
| 2023 | 17.64 | -19.82% | $52.04 | $2.95 |
| 2022 | 22 | -1.57% | $53.46 | $2.43 |
| 2021 | 22.35 | N/A | $29.95 | $1.34 |
| 2020 | N/A | N/A | $21.83 | -$7.57 |
| 2019 | N/A | N/A | $40.2 | -$7.32 |
| 2018 | 23.43 | N/A | $36.08 | $1.54 |
| 2017 | N/A | N/A | $67.39 | -$1.08 |
| 2016 | N/A | N/A | $83.95 | -$1.24 |
| 2015 | 42.79 | 110.37% | $69.75 | $1.63 |
| 2014 | 20.34 | 14.92% | $85.41 | $4.2 |
| 2013 | 17.7 | 5.48% | $90.11 | $5.09 |
| 2012 | 16.78 | -9.1% | $69.3 | $4.13 |
| 2011 | 18.46 | -24.62% | $68.31 | $3.7 |
SLB PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Jun 2026 | 22.35 | 0.04% | $46.49 | $2.08 |
| Mar 2026 | 22.34 | 38.5% | $51.39 | $2.3 |
| Dec 2025 | 16.13 | 22.48% | $38.38 | $2.38 |
| Sep 2025 | 13.17 | 14.92% | $34.37 | $2.61 |
| Jun 2025 | 11.46 | -18.32% | $33.8 | $2.95 |
| Mar 2025 | 14.03 | 14.91% | $41.8 | $2.98 |
| Dec 2024 | 12.21 | -8.33% | $38.34 | $3.14 |
| Sep 2024 | 13.32 | -12.48% | $41.95 | $3.15 |
| Jun 2024 | 15.22 | -15.3% | $47.18 | $3.1 |
| Mar 2024 | 17.97 | 1.87% | $54.81 | $3.05 |
| Dec 2023 | 17.64 | -11.67% | $52.04 | $2.95 |
| Sep 2023 | 19.97 | 12.63% | $58.3 | $2.92 |
| Jun 2023 | 17.73 | -1.77% | $49.12 | $2.77 |
| Mar 2023 | 18.05 | -17.95% | $49.1 | $2.72 |
| Dec 2022 | 22 | 28.65% | $53.46 | $2.43 |
SLB Price vs fair value
SLB average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, SLB's PE ratio is higher than its 3 and 5-year averages, but it is lower than its 10-year average.
PE comparison
With a price to earnings (P/E) of 23.84, SLB ranks higher than the Energy sector and the industry average. In comparison with the Energy sector average of 16.75, SLB's price to earnings (P/E) is 42% higher.
SLB PE vs peers
SLB's PE ratio stands lower than its peer stock NOV, but it is higher than HAL's and OII's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| OII Oceaneering International Inc | 13.93 | $4.85B |
| HAL Halliburton Company | 16.77 | $26.54B |
| SLB SLB | 23.81 | $73.51B |
| NOV NOV Inc | 72 | $6.93B |
Frequently asked questions
What is SLB's PE ratio?
As of Jul 31, 2026, SLB stock has a price to earnings ratio of 23.84.
What is the 3-year average PE ratio for SLB (SLB)?
As an average over the last 3 years, SLB stock has a PE ratio of 16.32.
What is the 5-year average PE ratio for SLB (SLB)?
As an average over the last 5 years, SLB stock has a PE ratio of 18.27.
What is the highest PE ratio for SLB?
Over the last ten years, the quarterly PE ratio reached its highest level at 470.29 in the Jun 2017 quarter.
How does the current PE ratio for SLB compare to its historical average?
The current PE ratio of SLB is 45% lower than the 10-year historical average.
How is SLB's PE ratio calculated (SLB PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jul 31, 2026), SLB's share price is $49.59. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2026 is $2.08. Therefore, SLB's PE ratio for today is 23.84. PE RATIO(23.84) = STOCK PRICE($49.59) / TTM EPS($2.08)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.