Halliburton Company

LSE:0R23 Stock Report

Market Cap: US$23.7b

Halliburton Valuation

Is 0R23 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 0R23 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0R23 ($26.99) is trading below our estimate of fair value ($53.91)

Significantly Below Fair Value: 0R23 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0R23?

Key metric: As 0R23 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0R23. This is calculated by dividing 0R23's market cap by their current earnings.
What is 0R23's PE Ratio?
PE Ratio9.3x
EarningsUS$2.55b
Market CapUS$23.68b

Price to Earnings Ratio vs Peers

How does 0R23's PE Ratio compare to its peers?

The above table shows the PE ratio for 0R23 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.9x
HTG Hunting
4.3x-7.9%UK£461.0m
GMS Gulf Marine Services
5.2x16.5%UK£165.3m
BP. BP
27.8x29.4%UK£60.5b
HBR Harbour Energy
46.3x14.4%UK£3.6b
0R23 Halliburton
9.3x6.6%US$23.7b

Price-To-Earnings vs Peers: 0R23 is good value based on its Price-To-Earnings Ratio (9.3x) compared to the peer average (20.9x).

Price to Earnings Ratio vs Industry

How does 0R23's PE Ratio compare vs other companies in the European Energy Services Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0R23 9.3xIndustry Avg. 8.9xNo. of Companies8PE0816243240+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0R23 is expensive based on its Price-To-Earnings Ratio (9.3x) compared to the European Energy Services industry average (8.9x).

Price to Earnings Ratio vs Fair Ratio

What is 0R23'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.

0R23 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.3x
Fair PE Ratio17x

Price-To-Earnings vs Fair Ratio: 0R23 is good value based on its Price-To-Earnings Ratio (9.3x) compared to the estimated Fair Price-To-Earnings Ratio (17x).

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 0R23 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$26.99
US$37.20
+37.8%
11.1%US$50.00US$28.00n/a29
Dec ’25US$31.86
US$38.56
+21.0%
8.9%US$50.00US$34.00n/a28
Nov ’25US$27.76
US$41.22
+48.5%
10.5%US$50.00US$35.00n/a28
Oct ’25US$29.98
US$42.11
+40.5%
10.2%US$50.00US$35.00n/a28
Sep ’25US$30.88
US$43.67
+41.4%
7.6%US$50.00US$39.00n/a27
Aug ’25US$33.10
US$44.15
+33.4%
7.2%US$50.00US$39.00n/a28
Jul ’25US$33.79
US$47.60
+40.9%
7.1%US$54.00US$39.00n/a28
Jun ’25US$36.49
US$47.92
+31.3%
7.0%US$54.00US$39.00n/a29
May ’25US$36.19
US$47.81
+32.1%
8.8%US$54.00US$32.00n/a30
Apr ’25US$39.45
US$47.04
+19.2%
8.8%US$54.00US$32.00n/a30
Mar ’25US$35.83
US$46.94
+31.0%
8.8%US$54.00US$32.00n/a30
Feb ’25US$35.17
US$47.19
+34.2%
9.0%US$54.00US$32.00n/a30
Jan ’25US$36.14
US$48.37
+33.8%
9.2%US$56.00US$34.00n/a30
Dec ’24US$37.77
US$48.63
+28.8%
9.1%US$56.00US$34.00US$31.8630
Nov ’24US$39.33
US$48.60
+23.6%
9.1%US$56.00US$34.00US$27.7630
Oct ’24US$40.73
US$47.21
+15.9%
10.8%US$56.00US$34.00US$29.9828
Sep ’24US$39.63
US$46.79
+18.0%
10.2%US$54.00US$34.00US$30.8828
Aug ’24US$39.01
US$46.50
+19.2%
10.1%US$54.00US$34.00US$33.1028
Jul ’24US$33.30
US$47.04
+41.3%
12.7%US$58.00US$34.00US$33.7928
Jun ’24US$30.25
US$47.70
+57.7%
12.3%US$58.00US$34.00US$36.4927
May ’24US$32.76
US$47.89
+46.2%
11.9%US$58.00US$34.00US$36.1927
Apr ’24US$31.46
US$48.85
+55.3%
11.4%US$58.00US$34.00US$39.4526
Mar ’24US$37.33
US$49.00
+31.3%
11.2%US$58.00US$34.00US$35.8326
Feb ’24US$40.12
US$49.23
+22.7%
10.2%US$58.00US$39.00US$35.1726
Jan ’24US$39.06
US$45.00
+15.2%
11.6%US$54.00US$35.00US$36.1426
Dec ’23US$38.22
US$44.68
+16.9%
11.4%US$54.00US$35.00US$37.7725

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

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/31 08:59
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Halliburton Company is covered by 85 analysts. 25 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
Waqar SyedATB Capital Markets
Finbarr MacCarthyAtlantic Equities LLP