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SLBSLB -0.99%80 Debt-to-Equity is 0.44 as of Mar. 2026, which is 28% below its 10-year median of 0.61. GuruFocus rates SLB with a GF Score™ of 80/100 and a GF Value™ of $45.69 (Fairly Valued). The stock has 2 warning signs investors should review. Among 797 Oil & Gas companies, SLB ranks better than 51.94% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for SLB's Debt-to-Equity or its related term are showing as below:
SLB'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.43 Med: 0.61 Max: 1.49
Current: 0.44
During the past 13 years, the highest Debt-to-Equity Ratio of SLB was 1.49. The lowest was 0.43. And the median was 0.61.
SLB's Debt-to-Equity is ranked better than 51.94% of 797
companies
in the Oil & Gas industry
Industry Median: 0.46
vs SLB: 0.44
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
SLB Debt-to-Equity Related Terms
SLB Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for SLB's Debt-to-Equity 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.
For the Oil & Gas Equipment & Services subindustry, SLB's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
SLB Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, SLB's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where SLB's Debt-to-Equity falls into.
* 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.
SLB (SLB) has a Debt-to-Equity of 0.44 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on SLB and its competitors. This is 28% below median its historical median of 0.61. Over the past decade, SLB's Debt-to-Equity has ranged from 0.43 to 1.49. According to the industry distribution chart, SLB ranks #383 out of 797 companies in the Oil & Gas industry, placing it in the top 48.1%.
Is SLB's Debt-to-Equity too high?
SLB's current Debt-to-Equity of 0.44 is 28% below median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 1.49. The Oil & Gas industry median Debt-to-Equity is 0.46. SLB's value of 0.44 is 4.3% below this industry median. Based on the distribution chart, SLB ranks #383 out of 797 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, SLB has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SLB's Debt-to-Equity compare to BKR and HAL?
According to the Oil & Gas industry distribution chart, SLB ranks #383 out of 797 companies for Debt-to-Equity. This puts SLB in the upper half of its industry. The industry median Debt-to-Equity is 0.46. SLB's value of 0.44 is 4.3% below this benchmark. Historically, SLB's own Debt-to-Equity has ranged from 0.43 to 1.49 over the past decade. While the company's 10-year median is 0.61 vs. the industry median of 0.46, SLB has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.46, based on 797 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SLB's current Debt-to-Equity of 0.44 is 4.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on SLB and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SLB's current Debt-to-Equity is 0.44, which is 28% below median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SLB stock overvalued right now?
Based on GuruFocus' analysis, SLB (SLB) is currently considered Fairly Valued. The stock's GF Value™ is $45.69, compared to a current price of $47.08 — trading 3% above its estimated fair value. The current Debt-to-Equity is 0.44, which is 28% below median its 10-year median of 0.61 and 4.3% below the Oil & Gas industry median of 0.46. SLB's overall GF Score™ is 80/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For SLB (SLB), the current Debt-to-Equity is 0.44 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is SLB (SLB) Overvalued in 2026?
Based on GuruFocus' analysis, SLB stock appears to be overvalued.
The current stock price of $47.08 is trading 3% above its estimated GF Value™ of $45.69.
GuruFocus considers SLB to be Fairly Valued.
Key valuation signals for SLB:
Debt-to-Equity: 0.44 (28% below median its 10-year median of 0.61)
GF Value™: $45.69 vs. price of $47.08 (3% above fair value)
Industry Position: 4.3% below the Oil & Gas median (#383 of 797)
No single metric tells the full story. See the SLB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SLB is the world's premier oilfield-services company as measured by market share. While the industry is largely fragmented, SLB holds the first or second competitive position in many of the differentiated oligopolies in which it operates. Also known as Schlumberger, the company was founded in 1926 by Conrad and Marcel Schlumberger. Today, it's most known as a global industry leader in innovation, while it focuses its strategy on its three growth engines: core, digital, and new energy businesses. Over three-fourths of its revenue base is tied to international markets, while the company boasts nearly $3 billion in digital-related revenue.
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