Slb Limited (SLB) intrinsic value & 10-year financials
Slb Limited (SLB) has a Graham intrinsic value of $42.86 per share. At $49.50 on Oct 17, 2026, the stock trades 15% above that value. Over the last 10 fiscal years revenue grew 2.8% a year to $35.7B, with an average return on invested capital of 10.7%.
- Graham intrinsic value
- $42.86
- Share price (Oct 17, 2026)
- $49.50
- Price vs Graham value
- 15% above
- Market cap
- $71.1B
- Revenue (FY2025)
- $35.7B
- Revenue growth (10-yr CAGR)
- 2.8%
- ROIC (10-yr avg)
- 10.7%
- Free cash flow (FY2025)
- $4.8B
SLB 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $35.7B | $3.4B | $2.35 | $4.8B | — | 11.0% |
| FY2024 | $36.3B | $4.5B | $3.11 | $4.7B | — | 15.7% |
| FY2023 | $33.1B | $4.2B | $2.91 | $4.7B | 19.7% | 19.2% |
| FY2022 | $28.1B | $3.4B | $2.39 | $2.1B | 17.8% | 15.4% |
| FY2021 | $22.9B | $1.9B | $1.32 | $3.5B | 14.7% | 10.1% |
| FY2020 | $23.6B | -$10.5B | -$7.57 | $1.8B | 10.2% | 6.9% |
| FY2019 | $32.9B | -$10.1B | -$7.32 | $3.7B | 12.1% | 8.9% |
| FY2018 | $32.8B | $2.1B | $1.53 | $3.6B | 12.8% | 7.0% |
| FY2017 | $30.4B | -$1.5B | -$1.08 | $3.6B | 12.9% | 7.4% |
| FY2016 | $27.8B | -$1.7B | -$1.24 | $4.2B | 11.8% | 5.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Schlumberger has demonstrated mature, steady growth, with revenue compounding at 2.8% annually over the past decade.
Schlumberger returns on capital have been average, hovering around 10.7% ROIC over the decade.
Schlumberger has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Schlumberger is modeled at 6.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $42.86 per share.