Halliburton Company (HAL) Valuation — DCF, Graham & Comparables

Halliburton Company (HAL) — Price $36.17 (closing price, October 30, 2026) — Energy — Oil & Gas Equipment & Services — NYSE

Latest reported results:

Valuation dashboard for Halliburton Company (HAL) with P/E 15.13, P/B 2.70, EV/EBITDA 8.98 and dividend yield 1.88%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Energy companies.

Halliburton Company (HAL) is a global supplier of products and services tailored for the energy sector. Its operations are structured into two primary divisions: Completion and Production, and Drilling and Evaluation. The Completion and Production segment focuses on enhancing well output through techniques like stimulation and sand control.

Analysis Summary

Halliburton Company reported revenue of $22.18B in the most recent fiscal year, growing at a 5-year CAGR of 9.0%.

Trailing-twelve-month margins: gross margin 15.0%, operating margin 12.6%, net margin 8.9%.

At $36.17 (closing price, October 30, 2026), HAL trades at a P/E of 15.13 and an ROE of 18.46%. Market capitalisation stands at $29.9B, placing it among large-cap names.

Balance sheet quality for HAL: current ratio of 2.0. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Long-term track record: over the past decade, HAL has compounded revenue at -0.6% annually. This decade-long view smooths out cyclical fluctuations and reveals the underlying business momentum more reliably than single-year snapshots.

Valuation Ratios

P/E Ratio15.13
Price / Book2.70
EV / EBITDA8.98
Dividend Yield1.88%

Valuation Models

DCF Fair Value$54.60
vs Current Price+51.0%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
HALHalliburton Company$29.9B15.132.7018.5%
BKRBaker Hughes Company$54.8B18.982.7214.8%
WFRDWeatherford International plc$6.6B16.163.3322.5%
SLBSlb N.V.$79.3B26.343.0611.8%
FTITechnipFMC plc$27.0B21.637.8738.5%
NOVNOV Inc.$6.9B48.221.102.3%

Price

Price$36.17 (closing price, October 30, 2026)
Market Cap$29.9B
ExchangeNYSE
CountryUS

Profitability

Return on Equity18.46%
Return on Invested Capital11.68%
Return on Assets7.67%
Gross Margin15.00%
Operating Margin12.58%
Net Margin8.90%

Related companies: BKR · WFRD · SLB · FTI · NOV

Explore sector: Energy · Oil & Gas Equipment & Services

More sections of HAL: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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