Halliburton Company

SWX:HAL Stock Report

Market Cap: CHF 22.0b

Halliburton Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 (CHF26.55) is trading below our estimate of future cash flow value (CHF70.44)

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 Ratio22.2x
EarningsUS$1.28b
Market CapUS$28.44b

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 Average24.2x
TEN Tenaris
12.4x-3.61%€21.1b
FTI TechnipFMC
25.5x9.72%US$24.8b
002353 Yantai Jereh Oilfield Services Group
35.4x19.65%CN¥100.5b
BKR Baker Hughes
23.4x6.28%US$60.5b
HAL Halliburton
22.2x17.44%CHF 28.4b

Price-To-Earnings vs Peers: HAL is good value based on its Price-To-Earnings Ratio (22.2x) compared to the peer average (24.2x).

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?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HAL 22.2xIndustry Avg. 12.3xNo. of Companies9PE0816243240+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HAL is expensive based on its Price-To-Earnings Ratio (22.2x) compared to the European Energy Services industry average (12.2x).

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 Ratio22.2x
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 25.98
CHF 27.80
+7.00%
10.91%CHF 35.87CHF 21.61n/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 17.43n/a27
Jun ’26n/a
CHF 24.43
0%
11.99%CHF 30.21CHF 18.46n/a27
May ’26n/a
CHF 24.33
0%
11.83%CHF 29.67CHF 18.13n/a27
Apr ’26n/a
CHF 30.18
0%
8.76%CHF 36.26CHF 24.77n/a27
Mar ’26n/a
CHF 31.00
0%
7.76%CHF 37.02CHF 25.29n/a28
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
Jun ’25CHF 22.40
CHF 43.52
+94.30%
7.05%CHF 49.04CHF 35.42n/a29
May ’25CHF 22.40
CHF 43.95
+96.19%
8.75%CHF 49.64CHF 29.42n/a30
Apr ’25CHF 22.40
CHF 41.62
+85.81%
8.80%CHF 47.78CHF 28.31n/a30
Mar ’25CHF 22.40
CHF 41.05
+83.27%
8.84%CHF 47.23CHF 27.99n/a30
Feb ’25CHF 22.40
CHF 40.48
+80.69%
8.98%CHF 46.32CHF 27.45n/a30
CHF 27.56
Fair Value
5.7% undervalued intrinsic discount
25
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/17 22:01
End of Day Share Price 2026/02/17 00:00
Earnings2025/12/31
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 56 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