SLB (BSP:SLBG34) E10: R$-1.16 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:SLBG34 SLB Ltd BSP:SLBG34
72 GF Score
Price R$124.15
GF Value R$114.41
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is SLB E10?

SLB BSP:SLBG34 72 E10 is R$-1.16 as of Jun. 2026. GuruFocus rates BSP:SLBG34 with a GF Score™ of 72/100 and a GF Value™ of R$114.41 (Fairly Valued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

SLB's adjusted earnings per share data for the three months ended in Jun. 2026 was R$1.332. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is R$-1.16 for the trailing ten years ended in Jun. 2026.

During the past 3 years, the average E10 Growth Rate was -114.40% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of SLB was 31.60% per year. The lowest was -114.40% per year. And the median was 4.45% per year.

As of today (2026-08-02), SLB's current stock price is R$124.15. SLB's E10 for the quarter that ended in Jun. 2026 was R$-1.16. SLB's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of SLB was 660.83. The lowest was 8.39. And the median was 23.10.


SLB  (BSP:SLBG34) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

During the past 13 years, the highest Shiller P/E Ratio of SLB was 660.83. The lowest was 8.39. And the median was 23.10.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


SLB E10 Related Terms


SLB E10 Historical Data

* Premium members only.

The historical data trend for SLB's E10 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.

SLB E10 Chart

SLB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.60 -0.18 -1.08 -2.09 -1.91

SLB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
E10 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 -2.19 -2.28 -1.91 -1.87 -1.16

BSP:SLBG34 vs BKR, FTI, HAL: E10 Comparison

For the Oil & Gas Equipment & Services subindustry, SLB's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


SLB Shiller PE Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, SLB's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where SLB's Shiller PE Ratio falls into.


BSP:SLBG34
72GF Score
SLB Ltd BSP:SLBG34
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SLB E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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, SLB's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.332/333.9520*333.9520
=1.332

Current CPI (Jun. 2026) = 333.9520.

SLB Quarterly Data

per share eps CPI Adj_EPS
201609 0.211 241.428 0.292
201612 -0.252 241.432 -0.349
201703 0.313 243.801 0.429
201706 -0.082 244.955 -0.112
201709 0.611 246.819 0.827
201712 -2.685 246.524 -3.637
201803 0.623 249.554 0.834
201806 0.585 251.989 0.775
201809 0.945 252.439 1.250
201812 0.755 251.233 1.004
201903 0.576 254.202 0.757
201906 0.675 256.143 0.880
201909 -16.931 256.759 -22.021
201912 0.493 256.974 0.641
202003 -12.997 258.115 -16.816
202006 -6.408 257.797 -8.301
202009 -0.162 260.280 -0.208
202012 0.691 260.474 0.886
202103 0.592 264.877 0.746
202106 0.754 271.696 0.927
202109 1.029 274.310 1.253
202112 1.188 278.802 1.423
202203 0.896 287.504 1.041
202206 1.691 296.311 1.906
202209 1.652 296.808 1.859
202212 1.941 296.797 2.184
202303 1.693 301.836 1.873
202306 1.747 305.109 1.912
202309 1.926 307.789 2.090
202312 1.886 306.746 2.053
202403 1.843 312.332 1.971
202406 2.074 314.175 2.205
202409 2.298 315.301 2.434
202412 2.349 315.605 2.486
202503 1.670 319.799 1.744
202506 2.052 322.561 2.124
202509 1.341 324.800 1.379
202512 1.500 324.054 1.546
202603 1.307 330.213 1.322
202606 1.332 333.952 1.332

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of R$-1.16 mean?
SLB (BSP:SLBG34) has a E10 of R$-1.16 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on SLB and its competitors.
Is SLB's E10 too high?
SLB's current E10 is R$-1.16. Overall, SLB has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SLB's E10 compare to BKR and FTI?
SLB's E10 of R$-1.16 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for an Oil & Gas company?
A good E10 depends on the Oil & Gas industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on SLB and its competitors. SLB's current E10 is R$-1.16. 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 (BSP:SLBG34) is currently considered Fairly Valued. The stock's GF Value™ is R$114.41, compared to a current price of R$124.15 — trading 8.5% above its estimated fair value. The current E10 is R$-1.16. SLB's overall GF Score™ is 72/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For SLB (BSP:SLBG34), the current E10 is R$-1.16 as of Jun. 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 (BSP:SLBG34) Overvalued in 2026?

Based on GuruFocus' analysis, SLB stock appears to be overvalued. The current stock price of R$124.15 is trading 8.5% above its estimated GF Value™ of R$114.41. GuruFocus considers SLB to be Fairly Valued.

Key valuation signals for BSP:SLBG34:

  • E10: R$-1.16
  • GF Value™: R$114.41 vs. price of R$124.15 (8.5% above fair value)
  • GF Score™: 72/100 with 3 warning signs

No single metric tells the full story. See the BSP:SLBG34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SLB Business Description

Industry EnergyOil & Gas
Address 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 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.
72GF Score

Get the complete analysis for BSP:SLBG34

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$124.15
Price
R$114.41
GF Value