TechnipFMC plc (FTI) is overvalued and SLB Ltd (SLB) is fairly valued.
Both trade above our estimate of their intrinsic value. SLB is the closer of the two: -0%, against -24% for FTI.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.3% (average of 3 methods) values the shares at $57.15; the price of $70.82 is 24% above that value, and 75% of that value comes from beyond year five.
Leak Score 76/100 on 10 of 12 signals
Discounting its cash flows at 8.9% (average of 3 methods) values the shares at $52.04; the price of $52.12 sits right on that value, and 77% of that value comes from beyond year five.
Leak Score 46/100 on 9 of 12 signals
| Metric | FTI | SLB |
|---|---|---|
| Verdict | Overvalued | Fairly valued |
| Price | $70.82 | $52.12 |
| Intrinsic value | $57.15 | $52.04 |
| Margin of safety | -24% | -0% |
| Leak Score | 76/100 (10/12) | 46/100 (9/12) |
| Market cap | $27.8B | $77.4B |
| Revenue growth, 5 years | 8.5% | 8.6% |
| Operating margin | 14.7% | 14.0% |
| Net margin | 11.4% | 8.5% |
| Return on equity | 36.0% | 13.4% |
| Debt to equity | 0.38 | 0.49 |
| P/E | 24.7x | 25.3x |
| Forward P/E | 19.6x | 16.4x |
| P/B | 8.5x | 3.0x |
| Dividend yield | 0.3% | 2.3% |