COST vs SLB: Which Is the Better Buy?
Side-by-side comparison of Costco Wholesale Corporation and SLB N.V. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-04-11.
Costco Wholesale Corporation · Consumer Defensive
$1,002.88
-35.4% upside to fair value
Grade C
High Quality
VS
SLB N.V. · Energy
$51.92
-20.2% upside to fair value
Med Conviction
Grade C+
QuantHub Verdict
SLB has more upside to fair value
(-20.2%).
SLB trades at a lower forward P/E
(18.6x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
COST |
SLB |
| Current Price |
$1,002.88 |
$51.92 |
| Fair Value Estimate |
$648.03 |
$41.43 |
| Upside to Fair Value |
-35.4%
|
-20.2%
|
| Market Cap |
$444.9B |
$77.9B |
| Forward P/E |
52.1x
|
18.6x
|
| EV / EBITDA |
31.0x
|
9.2x
|
| Price / Sales |
1.6x
|
2.2x
|
| Price / FCF |
49.0x
|
16.1x
|
| Revenue Growth YoY |
+3.4%
|
-1.6%
|
| Gross Margin |
12.9%
|
18.21%
|
| Operating Margin |
3.8%
|
15.28%
|
| Return on Equity |
28.8%
|
12.83%
|
| Dividend Yield |
0% |
2.21% |
| FCF Yield |
2.04%
|
6.21%
|
| Analyst Consensus |
Strong Buy
|
Buy
|
Investment Thesis
Costco Wholesale Corporation operates a global membership-based warehouse club model with over 900 warehouses across 14 countries, generating $254 billion in fiscal 2024 revenue. The company benefits from a durable competitive moat driven by scale advantages, a loyal membership base with high renewal rates, and superior employee retention through better wages and benefits. Despite steady revenue …
SLB is the world's largest oilfield services company with $35.7B in FY2025 revenue, operating across four divisions: Digital and Integration, Reservoir Performance, Well Construction, and Production Systems. The company completed the ChampionX acquisition in 2025 and is pursuing a digital transformation and AI-driven strategy. At $51.92, SLB trades at 2.18x P/S (in the fair range of the 5-year di…
Accumulation Zones
| Metric |
COST |
SLB |
| Zone Low |
$486.02 |
$34.00 |
| Zone High |
$550.83 |
$39.00 |
| In Buy Zone? |
No
|
No
|