HON vs SLB: Which Is the Better Buy?
Side-by-side comparison of Honeywell International Inc. and SLB N.V. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-04-11.
Honeywell International Inc. · Industrials
$235.04
-9.9% upside to fair value
Med Conviction
Grade B
VS
SLB N.V. · Energy
$51.92
-20.2% upside to fair value
Med Conviction
Grade C+
QuantHub Verdict
HON has more upside to fair value
(-9.9%).
SLB trades at a lower forward P/E
(18.6x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
HON |
SLB |
| Current Price |
$235.04 |
$51.92 |
| Fair Value Estimate |
$211.73 |
$41.43 |
| Upside to Fair Value |
-9.9%
|
-20.2%
|
| Market Cap |
$149.4B |
$77.9B |
| Forward P/E |
22.3x
|
18.6x
|
| EV / EBITDA |
16.9x
|
9.2x
|
| Price / Sales |
4.0x
|
2.2x
|
| Price / FCF |
27.7x
|
16.1x
|
| Revenue Growth YoY |
-2.7%
|
-1.6%
|
| Gross Margin |
36.9%
|
18.21%
|
| Operating Margin |
17.7%
|
15.28%
|
| Return on Equity |
33.28%
|
12.83%
|
| Dividend Yield |
1.92% |
2.21% |
| FCF Yield |
3.61%
|
6.21%
|
| Analyst Consensus |
Buy
|
Buy
|
Investment Thesis
Honeywell is a diversified industrial conglomerate in the final stages of a transformative three-way separation into Honeywell Aerospace, Solstice Advanced Materials, and a retained Automation entity, targeting Q3 2026 completion. The business generated 33% ROE and $5.4B in free cash flow on $37.4B revenue in FY2025, supported by a record $37B backlog with 23% organic order growth in Q4. At $235 …
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 |
HON |
SLB |
| Zone Low |
$158.80 |
$34.00 |
| Zone High |
$179.97 |
$39.00 |
| In Buy Zone? |
No
|
No
|