SLB (FRA:SCL) Research & Development: €602 Mil (TTM As of Mar. 2026)


FRA:SCL SLB Ltd FRA:SCL
80 GF Score
Price €40.61
GF Value €39.86
Valuation Fairly Valued
! 2 Warning Signs
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What is SLB Research & Development?

SLB FRA:SCL -2.58% 80 Research & Development is €602 Mil as of Mar. 2026. GuruFocus rates FRA:SCL with a GF Score™ of 80/100 and a GF Value™ of €39.86 (Fairly Valued). The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. SLB's Research & Development for the three months ended in Mar. 2026 was €142 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was €602 Mil.

SLB  (FRA:SCL) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

SLB Research & Development Related Terms

SLB Research & Development Historical Data

* Premium members only.

The historical data trend for SLB's Research & Development 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 Research & Development Chart

SLB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 490.29 598.50 651.99 715.30 605.49

SLB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development 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 159.10 156.06 144.84 159.70 141.86
FRA:SCL
80GF Score
SLB Ltd FRA:SCL
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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SLB Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €602 Mil.

* 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.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of €602 Mil mean?
SLB (FRA:SCL) has a Research & Development of €602 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on SLB and its competitors.
Is SLB's Research & Development too high?
SLB's current Research & Development is €602 Mil. 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 Research & Development compare to BKR and HAL?
SLB's Research & Development of €602 Mil 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 Research & Development for an Oil & Gas company?
A good Research & Development depends on the Oil & Gas industry context. However, Research & Development 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 Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on SLB and its competitors. SLB's current Research & Development is €602 Mil. 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 (FRA:SCL) is currently considered Fairly Valued. The stock's GF Value™ is €39.86, compared to a current price of €40.61 — trading 1.9% above its estimated fair value. The current Research & Development is €602 Mil. 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 Research & Development calculated?
Research & Development is calculated from a company's financial statements. For SLB (FRA:SCL), the current Research & Development is €602 Mil 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 (FRA:SCL) Overvalued in 2026?

Based on GuruFocus' analysis, SLB stock appears to be overvalued. The current stock price of €40.61 is trading 1.9% above its estimated GF Value™ of €39.86. GuruFocus considers SLB to be Fairly Valued.

Key valuation signals for FRA:SCL:

  • Research & Development: €602 Mil
  • GF Value™: €39.86 vs. price of €40.61 (1.9% above fair value)
  • GF Score™: 80/100 with 2 warning signs

No single metric tells the full story. See the FRA:SCL 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.
80GF Score

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

€40.61
Price
€39.86
GF Value