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Schlumberger (BSP:SLBG34) Cyclically Adjusted Book per Share : R$66.74 (As of Mar. 2025)


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What is Schlumberger Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Schlumberger's adjusted book value per share for the three months ended in Mar. 2025 was R$41.307. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$66.74 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Schlumberger's average Cyclically Adjusted Book Growth Rate was -7.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -4.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -3.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 2.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Schlumberger was 16.30% per year. The lowest was -4.60% per year. And the median was 6.00% per year.

As of today (2025-06-02), Schlumberger's current stock price is R$94.30. Schlumberger's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was R$66.74. Schlumberger's Cyclically Adjusted PB Ratio of today is 1.41.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Schlumberger was 4.54. The lowest was 0.48. And the median was 1.81.


Schlumberger Cyclically Adjusted Book per Share Historical Data

The historical data trend for Schlumberger's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Schlumberger Cyclically Adjusted Book per Share Chart

Schlumberger Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 70.05 78.09 68.97 62.97 72.29

Schlumberger Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 63.02 67.93 66.70 72.29 66.74

Competitive Comparison of Schlumberger's Cyclically Adjusted Book per Share

For the Oil & Gas Equipment & Services subindustry, Schlumberger's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Schlumberger's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Schlumberger's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Schlumberger's Cyclically Adjusted PB Ratio falls into.


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Schlumberger Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Schlumberger's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=41.307/134.9266*134.9266
=41.307

Current CPI (Mar. 2025) = 134.9266.

Schlumberger Quarterly Data

Book Value per Share CPI Adj_Book
201506 46.677 100.684 62.552
201509 58.715 100.392 78.913
201512 55.033 99.792 74.409
201603 52.206 100.470 70.110
201606 52.445 101.688 69.588
201609 49.376 101.861 65.404
201612 49.513 101.863 65.585
201703 45.699 102.862 59.944
201706 47.032 103.349 61.402
201709 44.743 104.136 57.973
201712 43.858 104.011 56.894
201803 43.705 105.290 56.007
201806 49.700 106.317 63.074
201809 54.197 106.507 68.659
201812 50.772 105.998 64.629
201903 50.054 107.251 62.970
201906 49.976 108.070 62.396
201909 35.579 108.329 44.314
201912 35.219 108.420 43.829
202003 27.394 108.902 33.941
202006 22.501 108.767 27.913
202009 23.161 109.815 28.457
202012 22.301 109.897 27.380
202103 25.273 111.754 30.513
202106 22.945 114.631 27.007
202109 25.145 115.734 29.315
202112 30.229 117.630 34.674
202203 27.016 121.301 30.051
202206 29.131 125.017 31.440
202209 31.800 125.227 34.263
202212 32.659 125.222 35.190
202303 33.013 127.348 34.978
202306 31.775 128.729 33.305
202309 33.631 129.860 34.943
202312 34.661 129.419 36.136
202403 36.122 131.776 36.986
202406 39.966 132.554 40.681
202409 42.178 133.029 42.780
202412 46.013 133.157 46.624
202503 41.307 134.927 41.307

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Schlumberger  (BSP:SLBG34) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Schlumberger's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=94.30/66.74
=1.41

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Schlumberger was 4.54. The lowest was 0.48. And the median was 1.81.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Schlumberger Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Schlumberger's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Schlumberger Business Description

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5599 San Felipe, 17th Floor, Houston, TX, USA, 77056
SLB is the world's premier oilfield-services company as measured by market share. While the industry is mostly fragmented, SLB holds the first or second competitive position in many of the differentiated oligopolies it operates in. Also known as Schlumberger, the company was founded in 1926 by two brothers bearing the same last name. Today it's most known as a global industry leader in innovation, while it focuses its strategy on its three growth engines: its core, digital, and new energy businesses. Over three fourths of its revenue base is tied to international markets, while the company boasts roughly $3 billion in digital-related revenue.

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