SLB N.V (SLBN) Fair Value & Analysis
Energy · MX · Market cap 1.2T MXN
Fair value as of: Aug 13, 2026
From 25 valuation models · updated today
Fair value updated Aug 13, 2026, revised from 533.97 MXN to 488.45 MXN (−8.5%) since Jul 16, 2026. Share price −15.8% over the past month.
A solid business, but screening 42% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (610.65 MXN). The favourable scenario is already priced in.
- Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (333.36 MXN to 610.65 MXN) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range 448.63 MXN – 1,029 MXN · fair‑value band 333.36 MXN – 610.65 MXN · the 836.00 MXN price screens above the 488.45 MXN fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
SLB N.V (SLBN) currently trades at 836.00 MXN, while our model-based Fair Value estimate is 488.45 MXN, implying the stock looks roughly 41.6% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, SLB N.V generated revenue of 35.9B MXN at a net margin of 9.3%. Revenue grew 2.7% year over year. It earns a return on equity of 14.1%. Net debt stands at 8.6B MXN. Fundamentals as of Aug 13, 2026
Our scenario range runs from 333.36 MXN (bear case) to 610.65 MXN (bull case); at 836.00 MXN, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 16% below its 52-week high and 45% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at -40% fair-value upside, at -42%, SLBN screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 25 models by family
Widest divergence: DCF Models (517.51 MXN) versus Asset-Based (181.83 MXN). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 53 · Market factors (momentum, volatility) 60
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
SLB N.V. engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems.
Full company description
SLB N.V. engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products. It also offers subsurface geology and fluids evaluation information; stimulation services to restore or enhance well productivity through hydraulic fracturing, matrix stimulation, and water treatment; and intervention services to oil and gas operators. In addition, the company offers mud logging, directional drilling, measurement-while-drilling, and logging-while-drilling services, as well as engineering support services; supplies drilling fluid systems; designs, manufactures, and markets roller cone and fixed cutter drill bits; bottom-hole-assembly and borehole enlargement technologies; well planning, well drilling, engineering, supervision, logistics, procurement, and contracting of third parties, as well as drilling rig management solutions; and drilling equipment and services, as well as land drilling rigs and related services. Further, it provides artificial lift; supplies packers, safety valves, sand control technology, and various intelligent systems; midstream production systems; valves, chokes, actuators, and surface trees; and OneSubsea, an integrated solutions, products, systems, and services, including wellheads, subsea trees, manifolds and flowline connectors, control systems, connectors, and services. SLB N.V. was formerly known as Schlumberger Limited and change its name to SLB N.V. in October 2025. The company was founded in 1926 and is based in Houston, Texas.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
SLB N.V reported revenue of 35.7B MXN in FY2025 versus 22.9B MXN in FY2021, a compound +11.7%/yr. Reported net income was 3.4B MXN in FY2025, compounding +15.7%/yr from FY2021.
SLBN screens 42% overvalued. Compare with Baker Hughes Company →
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Baker Hughes Company BKR | $64.28 | $32.40 | -50% |
| TechnipFMC plc FTI | $75.27 | $27.43 | -64% |
| Halliburton Company HAL | $33.29 | $21.50 | -35% |
| Tenaris S.A TS | $53.15 | $45.68 | -14% |
| Yantai Jereh Oilfield Services Group 002353 | ¥144.58 | ¥34.17 | -76% |
| Saipem SpA SPM | €4.56 | €2.72 | -40% |
| Subsea 7 S.A SUBC | kr 334.40 | kr 224.63 | -33% |
| China Oilfield Services Limited 601808 | ¥12.02 | ¥12.64 | +5% |
| Gaztransport & Technigaz SA GTT | €202.00 | €95.01 | -53% |
| Kodiak Gas Services, Inc KGS | $62.06 | $13.56 | -78% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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