Baker Hughes Company

XTRA:68V Stock Report

Market Cap: €42.0b

Baker Hughes Valuation

Is 68V undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 68V when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 68V (€42.84) is trading below our estimate of fair value (€46.42)

Significantly Below Fair Value: 68V is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 68V?

Key metric: As 68V is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 68V. This is calculated by dividing 68V's market cap by their current earnings.
What is 68V's PE Ratio?
PE Ratio19.5x
EarningsUS$2.24b
Market CapUS$43.79b

Price to Earnings Ratio vs Peers

How does 68V's PE Ratio compare to its peers?

The above table shows the PE ratio for 68V vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.3x
SLB Schlumberger
13.9x10.8%US$62.5b
HAL Halliburton
11x6.8%US$28.1b
TEN Tenaris
7.8x-7.3%€19.8b
FTI TechnipFMC
20.6x13.7%US$13.1b
68V Baker Hughes
19.5x10.6%€43.8b

Price-To-Earnings vs Peers: 68V is expensive based on its Price-To-Earnings Ratio (19.5x) compared to the peer average (13.3x).

Price to Earnings Ratio vs Industry

How does 68V's PE Ratio compare vs other companies in the European Energy Services Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
68V 19.5xIndustry Avg. 9.4xNo. of Companies7PE0816243240+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 68V is expensive based on its Price-To-Earnings Ratio (19.5x) compared to the European Energy Services industry average (9.4x).

Price to Earnings Ratio vs Fair Ratio

What is 68V'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.

68V PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.5x
Fair PE Ratio27.1x

Price-To-Earnings vs Fair Ratio: 68V is good value based on its Price-To-Earnings Ratio (19.5x) compared to the estimated Fair Price-To-Earnings Ratio (27.1x).

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 68V forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€42.84
€41.64
-2.8%
9.3%€50.04€32.10n/a26
Nov ’25€34.96
€40.20
+15.0%
8.1%€49.00€31.43n/a26
Oct ’25€32.50
€38.18
+17.5%
7.7%€44.78€30.45n/a26
Sep ’25€31.49
€38.59
+22.6%
7.7%€45.15€30.70n/a26
Aug ’25€35.95
€39.45
+9.7%
7.8%€46.34€31.51n/a27
Jul ’25€32.60
€37.97
+16.5%
7.8%€42.98€31.77n/a26
Jun ’25€30.29
€37.34
+23.3%
7.7%€42.31€31.27n/a26
May ’25€30.77
€38.27
+24.4%
6.9%€43.09€31.85n/a26
Apr ’25€30.89
€37.36
+21.0%
8.0%€45.22€31.38n/a26
Mar ’25€27.73
€37.36
+34.8%
8.0%€45.22€31.38n/a26
Feb ’25€26.38
€37.20
+41.0%
8.4%€45.35€31.47n/a27
Jan ’25€31.15
€36.87
+18.4%
9.1%€42.68€27.24n/a29
Dec ’24€30.45
€38.08
+25.1%
8.8%€43.99€28.08n/a29
Nov ’24€32.98
€38.42
+16.5%
8.8%€44.41€28.35€34.9629
Oct ’24€34.73
€37.63
+8.4%
8.8%€44.46€28.38€32.5028
Sep ’24€34.08
€36.30
+6.5%
8.1%€40.47€27.59€31.4928
Aug ’24€32.28
€35.29
+9.3%
9.2%€39.81€27.14€35.9527
Jul ’24€29.11
€33.25
+14.2%
10.2%€39.41€25.66€32.6025
Jun ’24€26.37
€32.78
+24.3%
10.7%€38.94€24.45€30.2925
May ’24€26.46
€32.78
+23.9%
10.7%€38.94€24.45€30.7725
Apr ’24€26.47
€34.67
+31.0%
9.0%€40.75€25.59€30.8924
Mar ’24€28.96
€34.18
+18.0%
9.4%€40.29€26.70€27.7324
Feb ’24€29.06
€33.05
+13.7%
9.3%€38.72€26.27€26.3824
Jan ’24€27.23
€31.31
+15.0%
8.9%€35.57€26.68€31.1524
Dec ’23€27.92
€31.70
+13.6%
9.2%€36.10€27.08€30.4524
Nov ’23€28.94
€32.39
+11.9%
9.5%€37.69€25.79€32.9824

Analyst Forecast: Target price is lower than the current share price.

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