Halliburton Company

SWX:HAL Stock Report

Market Cap: CHF 23.6b

Halliburton Valuation

Is HAL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of HAL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: HAL (CHF27.85) is trading below our estimate of future cash flow value (CHF66.1)

Significantly Below Future Cash Flow Value: HAL is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HAL?

Key metric: As HAL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HAL. This is calculated by dividing HAL's market cap by their current earnings.
What is HAL's PE Ratio?
PE Ratio18.5x
EarningsUS$1.54b
Market CapUS$29.21b

Price to Earnings Ratio vs Peers

How does HAL's PE Ratio compare to its peers?

The above table shows the PE ratio for HAL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average28.3x
TEN Tenaris
14.1x0.57%€24.2b
FTI TechnipFMC
26x9.33%US$28.1b
002353 Yantai Jereh Oilfield Services Group
55x32.40%CN¥171.4b
BKR Baker Hughes
18.2x3.97%US$57.1b
HAL Halliburton
18.5x14.56%CHF 29.2b

Price-To-Earnings vs Peers: HAL is good value based on its Price-To-Earnings Ratio (18.5x) compared to the peer average (29.8x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does HAL's PE Ratio compare vs other companies in the European Energy Services Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HAL 18.5xIndustry Avg. 10.0xNo. of Companies9PE0816243240+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HAL is expensive based on its Price-To-Earnings Ratio (18.5x) compared to the European Energy Services industry average (10x).

Price to Earnings Ratio vs Fair Ratio

What is HAL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HAL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HAL's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HAL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 27.85
CHF 35.61
+27.88%
13.41%CHF 44.43CHF 22.62n/a25
Jul ’27CHF 27.40
CHF 35.71
+30.32%
13.44%CHF 44.51CHF 22.66n/a25
Jun ’27CHF 31.01
CHF 34.24
+10.42%
12.33%CHF 43.11CHF 24.30n/a25
May ’27CHF 32.72
CHF 32.71
-0.016%
10.74%CHF 37.71CHF 24.36n/a25
Apr ’27CHF 30.56
CHF 29.67
-2.90%
11.64%CHF 36.94CHF 23.05n/a25
Mar ’27CHF 27.62
CHF 28.14
+1.89%
11.02%CHF 35.99CHF 21.68n/a25
Feb ’27CHF 26.03
CHF 27.36
+5.11%
11.07%CHF 35.58CHF 21.43n/a25
Jan ’27CHF 22.13
CHF 24.53
+10.82%
11.97%CHF 33.89CHF 18.91n/a25
Dec ’26CHF 20.75
CHF 24.42
+17.69%
13.47%CHF 34.72CHF 19.38n/a25
Nov ’26n/a
CHF 23.58
0%
14.23%CHF 34.42CHF 19.21n/a24
Oct ’26n/a
CHF 21.11
0%
12.42%CHF 27.86CHF 16.72n/a23
Sep ’26n/a
CHF 21.28
0%
12.53%CHF 28.14CHF 16.89n/a24
Aug ’26n/a
CHF 21.55
0%
13.14%CHF 28.20CHF 16.11n/a24
Jul ’26n/a
CHF 22.84
0%
12.36%CHF 28.53CHF 17.43CHF 27.4027
Jun ’26n/a
CHF 24.43
0%
11.99%CHF 30.21CHF 18.46CHF 31.0127
May ’26n/a
CHF 24.33
0%
11.83%CHF 29.67CHF 18.13CHF 32.7227
Apr ’26n/a
CHF 30.18
0%
8.76%CHF 36.26CHF 24.77CHF 30.5627
Mar ’26n/a
CHF 31.00
0%
7.76%CHF 37.02CHF 25.29CHF 27.6228
Feb ’26n/a
CHF 31.30
0%
7.77%CHF 37.28CHF 25.46CHF 26.0327
Jan ’26n/a
CHF 33.43
0%
11.06%CHF 44.93CHF 25.16CHF 22.1329
Dec ’25n/a
CHF 34.19
0%
8.93%CHF 44.33CHF 30.14CHF 20.7528
Nov ’25n/a
CHF 35.55
0%
10.52%CHF 43.13CHF 30.19n/a28
Oct ’25n/a
CHF 35.64
0%
10.19%CHF 42.32CHF 29.62n/a28
Sep ’25n/a
CHF 36.99
0%
7.56%CHF 42.35CHF 33.03n/a27
Aug ’25CHF 22.40
CHF 39.13
+74.67%
7.18%CHF 44.31CHF 34.56n/a28
Jul ’25CHF 22.40
CHF 42.76
+90.88%
7.05%CHF 48.51CHF 35.03n/a28
CHF 35.97
Fair Value
22.6% undervalued intrinsic discount
25
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/09 14:24
End of Day Share Price 2026/07/09 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Halliburton Company is covered by 57 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William SeleskyArgus Research Company
James WestBarclays
J. David AndersonBarclays