MELI vs SLB: Which Is the Better Buy?
Side-by-side comparison of MercadoLibre, Inc. and SLB N.V. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-04-11.
MercadoLibre, Inc. · Consumer Cyclical
$1,767.42
+41.4% upside to fair value
High Conviction
Grade A
VS
SLB N.V. · Energy
$51.92
-20.2% upside to fair value
Med Conviction
Grade C+
QuantHub Verdict
MELI has more upside to fair value
(+41.4%).
SLB trades at a lower forward P/E
(18.6x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
MELI |
SLB |
| Current Price |
$1,767.42 |
$51.92 |
| Fair Value Estimate |
$2,500.00 |
$41.43 |
| Upside to Fair Value |
+41.4%
|
-20.2%
|
| Market Cap |
$89.6B |
$77.9B |
| Forward P/E |
35.0x
|
18.6x
|
| EV / EBITDA |
18.5x
|
9.2x
|
| Price / Sales |
3.1x
|
2.2x
|
| Price / FCF |
8.9x
|
16.1x
|
| Revenue Growth YoY |
+39.1%
|
-1.6%
|
| Gross Margin |
44.5%
|
18.21%
|
| Operating Margin |
11.1%
|
15.28%
|
| Return on Equity |
33.7%
|
12.83%
|
| Dividend Yield |
0% |
2.21% |
| FCF Yield |
12.1%
|
6.21%
|
| Analyst Consensus |
Strong Buy
|
Buy
|
Investment Thesis
MercadoLibre is the dominant e-commerce and fintech ecosystem across Latin America, operating the largest marketplace and digital payments platform in a region with 670M+ people where e-commerce penetration is still under 15%. Revenue grew 39% to $28.9B in FY2025 with $10.8B in free cash flow — a 12% FCF yield at current prices. The company is trading at its 5-year P/S minimum (3.1x) and P/FCF mi…
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 |
MELI |
SLB |
| Zone Low |
$1,875.00 |
$34.00 |
| Zone High |
$2,125.00 |
$39.00 |
| In Buy Zone? |
Yes
|
No
|