SLB LIMITED/NV (SLB)

Oil & Gas Field Services, NEC

Latest Price

$49.59

TTM P/E

21.85

Normalized P/E

19.52

Div Yield

Book Value

17.46

P/B Ratio

2.84

Valuation metrics

EPS: $2.35

Book value / share: $17.46

Formula: √(22.5 × EPS × BVPS)

Graham Number

$30.38

39% downside

Norm. op. income: $4.0B (median of 5yr)

Tax rate: 19%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$15.80

68% downside

Base FCF: $4.7B (median of recent 5yr)

Growth: 1%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$34.09

31% downside

EPS: $2.35

Target P/E: 20×

Formula: EPS × P/E

P/E Fair Value

$47.00

5% downside

88.4% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	132.22M	$6.79B	8.84%	+4.45M	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	97.19M	$4.99B	6.50%	--	2026-03-31
STATE STREET CORP	90.50M	$4.68B	6.05%	+6.08M	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	74.61M	$3.83B	4.99%	--	2026-03-31
PRICE T ROWE ASSOCIATES INC /MD/	54.03M	$2.78B	3.61%	+76.9K	2026-03-31
Capital World Investors	47.74M	$2.45B	3.19%	+24.36M	2026-03-31
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	43.78M	$2.25B	2.93%	-10.23M	2026-03-31
UBS Group AG	42.00M	$2.16B	2.81%	+16.34M	2026-03-31
MORGAN STANLEY	40.16M	$2.06B	2.69%	+3.06M	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	34.95M	$1.79B	2.34%	+1.11M	2026-03-31