SLB (FRA:SCL) ROCE %: 10.75% (As of Mar. 2026)

What is SLB ROCE %?

SLB FRA:SCL -2.58% 80 ROCE % is 10.75% 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. SLB's annualized ROCE % for the quarter that ended in Mar. 2026 was 10.75%.

SLB (FRA:SCL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

SLB ROCE % Related Terms

SLB ROCE % Historical Data

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The historical data trend for SLB's ROCE % 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 ROCE % Chart

SLB Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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9.58

15.79

17.37

17.84

12.04

SLB Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															13.58	16.09	11.96	10.54	10.75

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SLB Ltd FRA:SCL

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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SLB ROCE % Calculation

SLB's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	4141.046	/	( ( (46732.925 - 12234.505)	+	(46857.272 - 12571.734) )	/ 2 )
	=	4141.046	/	( (34498.42	+	34285.538)	/ 2 )
	=	4141.046	/	34391.979
	=	12.04 %

SLB's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	3709.12	/	( ( (46857.272 - 12571.734)	+	(47164.99 - 12467.245) )	/ 2 )
	=	3709.12	/	( ( 34285.538	+	34697.745 )	/ 2 )
	=	3709.12	/	34491.6415
	=	10.75 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 10.75% mean?

SLB (FRA:SCL) has a ROCE % of 10.75% as of Mar. 2026.

Is SLB's ROCE % too high?

SLB's current ROCE % is 10.75%. The Oil & Gas industry median ROCE % is 6.79. SLB's value of 10.75% is 58.3% above this industry median. 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 ROCE % compare to BKR and HAL?

SLB's ROCE % of 10.75% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. SLB's value of 10.75% is 58.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for an Oil & Gas company?

The median ROCE % among Oil & Gas companies is 6.79, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SLB's current ROCE % of 10.75% is 58.3% above 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SLB's current ROCE % is 10.75%. 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 ROCE % is 10.75% and 58.3% above the Oil & Gas industry median of 6.79. 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 ROCE % calculated?

ROCE % is calculated from a company's financial statements. For SLB (FRA:SCL), the current ROCE % is 10.75% 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:

ROCE %: 10.75%
GF Value™: €39.86 vs. price of €40.61 (1.9% above fair value)
GF Score™: 80/100 with 2 warning signs
Industry Position: 58.3% above the Oil & Gas median

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 Energy Oil & Gas

Comparable Companies BKR HAL FTI WFRD NOV KGS AROC LBRT SEI WHD MIL:TEN SZSE:002353 OSL:SUBC MIL:SPM XPAR:GTT SHSE:601808 XPAR:TE XAMS:SBMO SHSE:600968 SGX:5E2

Other Exchanges SLB:USA SLB:Peru SLBN:Mexico 1SLB:Italy 0SCL:UK SLBG34:Brazil SLB:Argentina

Address 5599 San Felipe, 17th Floor, Houston, TX, USA, 77056

Website https://www.slb.com

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

€40.61

Price

€39.86

GF Value

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