What is Schlumberger Limited (SLB) DCF Fair Value and Intrinsic Value in 2026?

Schlumberger Limited (SLB) intrinsic value is calculated using conservative multi-stage Discounted Cash Flow (DCF) models, 5-year free cash flow trajectories, Graham Numbers, and owner earnings multiples. LocalAlpha tracks real-time margin of safety against live market prices.

What is Schlumberger Limited's historical Return on Invested Capital (ROIC) and Moat Rating?

Schlumberger Limited operates in the Energy sector (Oil & Gas Equipment & Services) with an economic moat rating of NARROW. LocalAlpha tracks 5-year audited quarterly ROIC, operating margin stability, and balance sheet solvency ratios.

What is Schlumberger Limited's financial health rating and Piotroski F-Score?

Schlumberger Limited's balance sheet quality is evaluated using the 9-point Piotroski F-Score, Altman Z-Score solvency model, debt-to-equity ratio, and quick/current liquidity coverage to guard against financial distress.

How does LocalAlpha monitor Schlumberger Limited (SLB) for quarterly SEC filing thesis breaks?

LocalAlpha audits Schlumberger Limited's 10-K, 10-Q, and 8-K regulatory filings on SEC EDGAR within 15 minutes of release. If reported metrics breach an investor's custom ROIC floor, operating margin boundary, or qualitative risk criteria, an autonomous breach audit is dispatched immediately.

StocksSLB

SLB

SLB LimitedEnergy / Oil & Gas Equipment & ServicesINTACT

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.

Share Price

$55.73

52W: $31.64 - $60.46

DCF Fair Value

$33.63

-65.7% Premium

Thesis Hub

P/E (TTM)

27.2x

ROIC

9.5%

Operating Margin

12.7%

FCF Yield

3.6%

Debt / Equity

0.47x

Piotroski Score

7/9

Altman Z-Score

3.6

Market Cap

$82.7B

Price vs. Intrinsic Value Corridor

Overvalued vs DCF ($33.63)

Historical market price overlaid against conservative DCF Fair Value & Benjamin Graham Margin of Safety bands.

Period Return (1Y)

—()

Period Range

$— - $—

DCF Fair Value

$33.63

MOS Buy Target (-25%)

$25.22

Valuation Overlays: DCF Fair Value ($33.63) 25% MOS Buy Target ($25.22) Revised Graham ($33.83) Graham Number ($28.47)

2-Stage Discounted Cash Flow (DCF) Workbench

Conservative intrinsic value model based on owner cash generation over a 10-year investment horizon. Opens with LocalAlpha's baseline assumptions (matching the fair value shown above) — adjust any input to stress-test.

Current Market Price

$55.73

DCF Fair Value

$33.57

-66% Premium

Starting Free Cash Flow ($M)$2,955M

$100M$2,955M (Reported)$50,000M

Stage 1 Growth (Years 1-5)6.3%

-5%10% (Target)35%

Stage 2 Growth (Years 6-10)4.5%

0%5%20%

Discount Rate (WACC / Hurdle)9.0%

6%9% (Standard)15% (High Risk)

Terminal Perpetual Growth2.5%

1% (GDP Floor)2.5% (Inflation)4.0%

Net Debt ($M)$8,700M

-$100B CashBalance Sheet+$150B Debt

10-Yr PV of Cash Flows

$25.2B

PV of Terminal Value

$33.3B

Implied Enterprise Value

$58.5B

Implied Equity Value

$49.8B

Year	Yr 1	Yr 2	Yr 3	Yr 4	Yr 5	Yr 6	Yr 7	Yr 8	Yr 9	Yr 10
Projected FCF ($M)	$3,141	$3,339	$3,549	$3,773	$4,011	$4,191	$4,380	$4,577	$4,783	$4,998
Present Value (PV)	$2,882	$2,810	$2,741	$2,673	$2,607	$2,499	$2,396	$2,297	$2,202	$2,111

Benjamin Graham & Buffett Value Models

Classical deep value metrics based on asset backing, normalized earnings power, and owner cash yield.

Graham Number-95.7% Premium

$28.47

Calculated as √(22.5 × EPS × BVPS). The maximum theoretical price a defensive investor should pay based purely on asset book value and current earnings.

EPS: $2.05BVPS: $17.57

Revised Graham Formula-64.7% Premium

$33.83

Formula: V = (EPS × (8.5 + 2g) × 4.4) / Y where g is the conservative 7-10 yr growth rate and Y is AAA Bond Yield.

Growth Rate (g%)

Bond Yield (Y%)

Buffett Owner Earnings3.4% Yield

$1.89 / share

True distributable cash flow: Net Income + D&A - Maintenance CapEx. Reflects the cash Buffett would extract without hurting unit volume.

Total: $2.8BYield: 3.4%

Reverse DCF: Market Growth Expectation

FAIR BARRIER

10.1% CAGR (Next 10 Yrs)

At the current price of $55.73, the market is assuming the business will compound Free Cash Flow at 10.1% per year for the next decade with a 9% hurdle rate.

Value Investor Verdict

ℹ Fair expectations: Requires steady execution.

Autonomous Thesis Underwriting

Surveil SLB with Mathematical Margin of Safety Rules

Set non-negotiable floor rules for SLB Limited. If a newly filed quarterly 10-Q breaks your ROIC floor, operating margin boundary, or balance sheet leverage rules, receive an autonomous breach audit within 15 minutes.

Buffett Quality

ROIC > 15% • Margin > 15% • D/E < 0.5x

Margin Floor Guard

Current Margin 12.7% • Floor > 10%

Solvency Guard

Altman-Z > 2.6 • Current Ratio > 1.5x

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Frequently Asked Questions: SLB Limited (SLB) Intrinsic Valuation

Audited fundamentals, DCF intrinsic value sensitivity, and thesis break detection parameters for SLB Limited.

Based on institutional multi-stage Discounted Cash Flow (DCF) modeling on audited SEC cash flows, SLB Limited has an estimated DCF intrinsic fair value of $33.63 per share compared to its current market price of $55.73. This represents an estimated 65.7% premium over fair value. Additionally, its classic Benjamin Graham Number stands at $28.47.