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SLB N.V. (SLB, Oil & Gas Equipment & Services) Stock Valuation & Fair Value Mixed on our tests

SLB N.V. (SLB, Oil & Gas Equipment & Services) trades at a blended P/E of 18.9, about 17% below its historical normal valuation, with a forward growth estimate of 18.1% and a PEG of 1.04. Analysts' one-year estimates have been hit 18% of the time. Priced at its historical normal P/E of 22.9 on the same blended earnings, the 2026-10-02 close of $48.74 corresponds to about $59.00 a share. This is a valuation reference, not a price target.

Blended P/E
18.9
Normal P/E
22.9
PEG
1.04
Fwd growth
18.1%
Div yield
2.4%
RSI (14)
39.5
Neutral
Technical context
  • Price $48.98 at the 2026-10-08 close, 4.2% below the 20-day average ($51.12) and 7.0% below the 50-day ($52.67).
  • RSI (14) at 39.5.
  • 52-week range $30.96 to $59.79: the price is 18.1% below the high and 58.2% above the low.

The Street vs SeerForecast

Wall Street's mean price target for SLB is $62.48 across 29 analysts, 27.6% above the current price. The average analyst rating is Buy. Our SeerForecast read of the same stock, formed without analyst targets: mixed on our tests. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating has been mixed on our tests since 2026-06-03.

Blended P/E and rating by weekBlended P/E moved from 19.7 to 18.9 between 2026-06-03 and 2026-10-02, against a normal P/E of 22.9, with 10 rating changes over 37 recorded weeks.2026-06-03: P/E 19.7, Mixed on our tests, recalculated for the week of 2026-06-032026-06-10: P/E 19.7, Mixed on our tests, recalculated for the week of 2026-06-102026-06-12: P/E 19.7, Mixed on our tests, recalculated for the week of 2026-06-142026-06-16: P/E 19.7, Mixed on our tests, recalculated for the week of 2026-06-162026-06-18: P/E 19.7, Mixed on our tests, recalculated for the week of 2026-06-212026-07-02: P/E 16.4, Favorable on our tests, recalculated for the week of 2026-07-022026-07-06: P/E 16.4, Favorable on our tests, recalculated for the week of 2026-07-062026-07-09: P/E 16.4, Favorable on our tests, recalculated for the week of 2026-07-092026-07-10: P/E 17.5, Mixed on our tests, recalculated for the week of 2026-07-122026-07-13: P/E 17.5, Mixed on our tests, recalculated for the week of 2026-07-132026-07-14: P/E 17.5, Mixed on our tests, recalculated for the week of 2026-07-142026-07-20: P/E 17.4, Favorable on our tests, recalculated for the week of 2026-07-202026-07-22: P/E 17.4, Favorable on our tests, recalculated for the week of 2026-07-222026-07-24: P/E 19.5, Mixed on our tests, recalculated for the week of 2026-07-252026-07-27: P/E 19.5, Mixed on our tests, recalculated for the week of 2026-07-272026-07-31: P/E 18.3, Favorable on our tests, recalculated for the week of 2026-07-312026-07-31: P/E 18.5, Favorable on our tests, recorded live 2026-08-032026-08-07: P/E 19.4, Mixed on our tests, recalculated for the week of 2026-08-072026-08-07: P/E 19.0, Favorable on our tests, recorded live 2026-08-102026-08-14: P/E 19.7, Mixed on our tests, recalculated for the week of 2026-08-142026-08-14: P/E 20.3, Mixed on our tests, recorded live 2026-08-172026-08-21: P/E 20.3, Mixed on our tests, recalculated for the week of 2026-08-212026-08-21: P/E 20.4, Mixed on our tests, recorded live 2026-08-242026-08-27: P/E 20.4, Mixed on our tests, recalculated for the week of 2026-08-272026-08-28: P/E 20.9, Mixed on our tests, recalculated for the week of 2026-08-282026-08-28: P/E 21.8, Mixed on our tests, recalculated for the week of 2026-08-302026-08-28: P/E 21.8, Mixed on our tests, recorded live 2026-08-312026-09-04: P/E 22.0, Mixed on our tests, recalculated for the week of 2026-09-052026-09-04: P/E 22.0, Mixed on our tests, recorded live 2026-09-072026-09-11: P/E 21.5, Mixed on our tests, recalculated for the week of 2026-09-122026-09-11: P/E 21.5, Mixed on our tests, recorded live 2026-09-142026-09-18: P/E 19.6, Favorable on our tests, recalculated for the week of 2026-09-192026-09-18: P/E 19.6, Favorable on our tests, recorded live 2026-09-212026-09-25: P/E 19.9, Favorable on our tests, recalculated for the week of 2026-09-262026-09-25: P/E 19.9, Mixed on our tests, recorded live 2026-09-282026-10-02: P/E 18.9, Mixed on our tests, recalculated for the week of 2026-10-032026-10-02: P/E 18.9, Mixed on our tests, recorded live 2026-10-0518.020.022.0Jun 3Jul 3Aug 2Sep 2Oct 2Normal P/E 22.9
Favorable on our testsMixed on our tests

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.

WeekBlended P/EPremium to normal P/ERating
2026-06-03P/E 19.7-14%Mixed on our tests (recalculated)
2026-07-02P/E 16.4-28%Favorable on our tests (recalculated)
2026-07-12P/E 17.5-23%Mixed on our tests (recalculated)
2026-07-20P/E 17.4-24%Favorable on our tests (recalculated)
2026-07-25P/E 19.5-14%Mixed on our tests (recalculated)
2026-07-31P/E 18.3-20%Favorable on our tests (recalculated)
2026-08-07P/E 19.4-15%Mixed on our tests (recalculated)
2026-08-10P/E 19.0-17%Favorable on our tests
2026-08-14P/E 19.7-14%Mixed on our tests (recalculated)
2026-09-05P/E 22.0-4%Mixed on our tests (recalculated)
2026-09-19P/E 19.6-14%Favorable on our tests (recalculated)
2026-09-28P/E 19.9-13%Mixed on our tests (across a rating rules change)
2026-10-05P/E 18.9-17%Mixed on our tests ← now
Show all 37 weeks
WeekBlended P/EPremium to normal P/ERating
2026-06-03P/E 19.7-14%Mixed on our tests (recalculated)
2026-06-10P/E 19.7-14%Mixed on our tests (recalculated)
2026-06-14P/E 19.7-14%Mixed on our tests (recalculated)
2026-06-16P/E 19.7-14%Mixed on our tests (recalculated)
2026-06-21P/E 19.7-14%Mixed on our tests (recalculated)
2026-07-02P/E 16.4-28%Favorable on our tests (recalculated)
2026-07-06P/E 16.4-28%Favorable on our tests (recalculated)
2026-07-09P/E 16.4-28%Favorable on our tests (recalculated)
2026-07-12P/E 17.5-23%Mixed on our tests (recalculated)
2026-07-13P/E 17.5-23%Mixed on our tests (recalculated)
2026-07-14P/E 17.5-23%Mixed on our tests (recalculated)
2026-07-20P/E 17.4-24%Favorable on our tests (recalculated)
2026-07-22P/E 17.4-24%Favorable on our tests (recalculated)
2026-07-25P/E 19.5-14%Mixed on our tests (recalculated)
2026-07-27P/E 19.5-14%Mixed on our tests (recalculated)
2026-07-31P/E 18.3-20%Favorable on our tests (recalculated)
2026-08-03P/E 18.5-19%Favorable on our tests
2026-08-07P/E 19.4-15%Mixed on our tests (recalculated)
2026-08-10P/E 19.0-17%Favorable on our tests
2026-08-14P/E 19.7-14%Mixed on our tests (recalculated)
2026-08-17P/E 20.3-11%Mixed on our tests
2026-08-21P/E 20.3-11%Mixed on our tests (recalculated)
2026-08-24P/E 20.4-11%Mixed on our tests
2026-08-27P/E 20.4-11%Mixed on our tests (recalculated)
2026-08-28P/E 20.9-8%Mixed on our tests (recalculated)
2026-08-30P/E 21.8-5%Mixed on our tests (recalculated)
2026-08-31P/E 21.8-5%Mixed on our tests
2026-09-05P/E 22.0-4%Mixed on our tests (recalculated)
2026-09-07P/E 22.0-4%Mixed on our tests
2026-09-12P/E 21.5-6%Mixed on our tests (recalculated)
2026-09-14P/E 21.5-6%Mixed on our tests
2026-09-19P/E 19.6-14%Favorable on our tests (recalculated)
2026-09-21P/E 19.6-14%Favorable on our tests
2026-09-26P/E 19.9-13%Favorable on our tests (recalculated)
2026-09-28P/E 19.9-13%Mixed on our tests (across a rating rules change)
2026-10-03P/E 18.9-17%Mixed on our tests (recalculated)
2026-10-05P/E 18.9-17%Mixed on our tests ← now

Frequently asked questions

Is SLB N.V. stock overvalued?

At a blended P/E of 18.9 versus its historical normal P/E of 22.9, SLB N.V. trades about 17% below its typical valuation, with a PEG of 1.04 on 18.1% forward growth. tickerseer currently rates it mixed on our tests.

What is SLB N.V.'s fair value and PEG?

SLB N.V. trades at a blended P/E of 18.9 against a historical normal P/E of 22.9, a PEG of 1.04, and a forward growth estimate of 18.1%. Priced at its historical normal P/E of 22.9 on the same blended earnings, the 2026-10-02 close of $48.74 corresponds to about $59.00 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of SLB N.V. changed?

tickerseer's rating has been mixed on our tests since 2026-06-03.

What is the analyst price target for SLB N.V.?

The mean Wall Street price target for SLB N.V. is $62.48 across 29 analysts, 27.6% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Oil & Gas Equipment & Services. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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