Halliburton (HAL) valuation
Halliburton P/E ratio history
Halliburton trades at 15.2 times its earnings over the last twelve months and 13.0 times the earnings analysts expect over the next twelve. At its last 6 fiscal year ends its P/E ranged from 9.6 (year to Dec 2024) to 22.7 (year to Dec 2022), with a median of 14.0.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $28.26 | $1.50 | 18.8 | 12.8 |
| Dec 31, 2024 | $27.19 | $2.83 | 9.6 | 8.8 |
| Dec 31, 2023 | $36.15 | $2.92 | 12.4 | 10.8 |
| Dec 31, 2022 | $39.35 | $1.73 | 22.7 | — |
| Dec 31, 2021 | $22.87 | $1.63 | 14.0 | 15.1 |
| Dec 31, 2020 | $18.90 | -$3.34 | n/m | — |
| Dec 31, 2019 | $24.47 | -$1.29 | n/m | — |
| Dec 31, 2018 | $26.58 | $1.89 | 14.1 | — |
| Dec 31, 2017 | $48.87 | -$0.53 | n/m | — |
| Dec 31, 2016 | $54.09 | -$6.69 | n/m | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Halliburton valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| HalliburtonHAL | $30.1B | 15.2 | 13.0 | 1.3 |
| Baker HughesBKR | $54.8B | 19.0 | — | 1.9 |
| SchlumbergerSLB | $79.8B | 26.3 | 18.4 | 2.2 |
| TransoceanRIG | $7.75B | — | 31.1 | 1.9 |
| ValarisVAL | $7.29B | 7.9 | 20.7 | 3.4 |
| TidewaterTDW | $4.34B | 17.8 | 19.7 | 3.2 |
| Peer median | 18.4 | 20.2 | 2.2 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: HAL financials · HAL returns
No forecast, no recommendation. This page describes Halliburton from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.