We publish no single base value for Schlumberger. Our valuation methods put it between $37.48 and $61.86 a share. The valuation code's reason: no point fair value: the two anchors behind it compound the same growth rate and differ only in how they end — a perpetuity at the terminal rate against a multiple on the final year — so the midpoint between them measures terminal treatment rather than what the business is worth. The published range is the same reading with the false precision removed: read it as the span the method supports, and treat neither edge as a point estimate.
| Method | Value | vs price | Basis |
|---|---|---|---|
| Discounted cash flow | $61.86 | +21.5% | free cash flow $4.47bn, growth 4.65% for 5 years, then fading to 3% over 5 more, discounted at 8.5%; stress floor $39.44 |
| Exit multiple (P/E) | $37.48 | -26.4% | earnings per share $2.45 valued at 18.97× (the stock's own median P/E) in 5 years, discounted back |
| Sum of the parts | — | — | no sum of the parts: this run holds no segment disclosure for the name |
| Price to sales | — | — | not reached: the cash-flow or earnings methods produced an anchor, so this fallback was not run |
| Tangible book | — | — | used only for lenders, where book value is the business |
| Price to FFO (REITs) | — | — | used only for REITs |
Each working is rebuilt by code from the valuation's own figures and checked against the published value.
The discount rate:
| Risk-free rate | 5.13% (10-year US Treasury yield) |
| Company's own beta | 0.80 (5 years of monthly returns against the S&P 500; standard error 0.33) |
| Peer beta | 0.55 (median of 20 S&P 500 Energy companies) |
| Blend of own and peers | 0.63 (31% own, 69% peers, weighted by how precisely the company's own beta is measured) |
| Adjusted beta | 0.75 (0.67 × 0.63 + 0.33, pulled toward the market's 1.0) |
| Equity risk premium | 4.5% |
| Discount rate = risk-free + adjusted beta × premium | 8.50% |
Free cash flow grows 4.65% a year for 5 years, then fades in equal steps toward 3% over 5 more; each year is discounted by 1 ÷ (1 + rate)^year:
| Year | Growth | Free cash flow | Discount factor | Present value |
|---|---|---|---|---|
| Now | — | $4.47bn | — | — |
| Year 1 | 4.65% | $4.68bn | 0.9216 | $4.32bn |
| Year 2 | 4.65% | $4.90bn | 0.8494 | $4.16bn |
| Year 3 | 4.65% | $5.13bn | 0.7828 | $4.01bn |
| Year 4 | 4.65% | $5.37bn | 0.7214 | $3.87bn |
| Year 5 | 4.65% | $5.62bn | 0.6649 | $3.73bn |
| Year 6 | 4.38% | $5.86bn | 0.6128 | $3.59bn |
| Year 7 | 4.10% | $6.10bn | 0.5647 | $3.45bn |
| Year 8 | 3.83% | $6.33bn | 0.5205 | $3.30bn |
| Year 9 | 3.55% | $6.56bn | 0.4797 | $3.15bn |
| Year 10 | 3.28% | $6.77bn | 0.4421 | $2.99bn |
| Terminal value = year-10 cash flow × (1 + 3%) ÷ (8.50% − 3%) | $126.76bn |
| Terminal value in today's money | $56.04bn |
| Present value of years 1–10 | $36.57bn |
| Total present value | $92.61bn |
| Shares outstanding | 1.50bn |
| Value per share = total ÷ shares | $61.86 |
How the DCF value moves with the discount rate and the starting growth (the middle cell is the published value):
| Discount rate | Growth -0.35% | Growth 4.65% | Growth 9.65% |
|---|---|---|---|
| 7.50% | $55.24 | $75.82 | $103.49 |
| 8.50% | $45.50 | $61.86 | — |
| 9.50% | $38.74 | $52.21 | — |
The same DCF at each beta, starting growth unchanged:
| Beta | Value | Discount rate | DCF value |
|---|---|---|---|
| Company's own beta | 0.80 | 8.73% | $59.40 |
| Peer beta | 0.55 | 7.61% | $74.15 |
| Adjusted beta (used) | 0.75 | 8.50% | $61.86 |
Earnings per share grow on the same fading path as the DCF:
| Year | Growth | Earnings per share |
|---|---|---|
| Now | — | $2.45 |
| Year 1 | 4.65% | $2.57 |
| Year 2 | 4.16% | $2.67 |
| Year 3 | 3.81% | $2.77 |
| Year 4 | 3.57% | $2.87 |
| Year 5 | 3.40% | $2.97 |
| Earnings per share in year 5 | $2.97 |
| Exit P/E (the stock's own median P/E) | 18.97× |
| Value in 5 years = earnings × P/E | $56.36 |
| Discounted at 8.50% over 5 years: ÷ 1.5040 | $37.48 |
We publish no single base value for Schlumberger. Our valuation methods put it between $37.48 and $61.86 a share. The valuation code's reason: no point fair value: the two anchors behind it compound the same growth rate and differ only in how they end — a perpetuity at the terminal rate against a multiple on the final year — so the midpoint between them measures terminal treatment rather than what the business is worth. The published range is the same reading with the false precision removed: read it as the span the method supports, and treat neither edge as a point estimate.
One-year price simulation: a 10% chance the price is below $33.80 and a 10% chance it is above $80.65 in a year; a 53% chance it is higher than today's $50.91, from 33.76% volatility. The simulation assumes the price drifts up at our discount rate of 8.5% a year.
At $50.91 the price implies free cash flow growing 1.5% a year for five years and then fading toward 3% over five more; its revenue has grown 4.7%.
| Week | Price | Base value |
|---|---|---|
| 2 Oct 2026 | $48.74 | — |
| 9 Oct 2026 | $48.95 | — |
| 16 Oct 2026 | $49.50 | — |
| 23 Oct 2026 | $53.06 | — |
| 30 Oct 2026 | $53.74 | — |
| 6 Nov 2026 | $49.92 | — |
| 12 Nov 2026 | $50.91 | — |
Data as of 12 Nov 2026; financials to 30 Sep 2026. Sources: company filings via EODHD, SEC EDGAR, US Treasury. How these values are computed. Not investment advice.
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