Is SLB overvalued or undervalued?

As of 17 October 2025, the valuation grade for SLB has moved from expensive to attractive, indicating a shift towards a more favorable assessment. Based on the current metrics, SLB appears to be undervalued, with a P/E ratio of 10, a Price to Book Value of 2.41, and an EV to EBITDA of 6.91. In comparison, Baker Hughes Co. shows a P/E of 14.48, suggesting that SLB is trading at a lower valuation relative to its peer.
The company has a PEG ratio of 0.70, which further supports the notion of undervaluation, as it indicates potential for growth at a reasonable price. Despite recent stock performance showing a decline of 25.82% over the past year compared to a 14.08% gain in the S&P 500, SLB has outperformed the index over the last five years with a return of 117.97%. This contrast in performance highlights the potential for recovery and growth in SLB's valuation.