Halliburton Company

BIT:1HAL Stock Report

Market Cap: €24.5b

Halliburton Valuation

Is 1HAL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 1HAL 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: 1HAL (€29.54) is trading below our estimate of future cash flow value (€66.44)

Significantly Below Future Cash Flow Value: 1HAL 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 1HAL?

Key metric: As 1HAL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1HAL. This is calculated by dividing 1HAL's market cap by their current earnings.
What is 1HAL's PE Ratio?
PE Ratio22.6x
EarningsUS$1.28b
Market CapUS$28.52b

Price to Earnings Ratio vs Peers

How does 1HAL's PE Ratio compare to its peers?

The above table shows the PE ratio for 1HAL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.1x
TEN Tenaris
13.8x0.16%€23.0b
SPM Saipem
21.4x16.50%€6.6b
YRM Rosetti Marino
29.6x0.54%€995.6m
ENI Eni
23.7x15.74%€61.7b
1HAL Halliburton
22.6x17.90%€28.5b

Price-To-Earnings vs Peers: 1HAL is expensive based on its Price-To-Earnings Ratio (22.6x) compared to the peer average (22.1x).

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 1HAL's PE Ratio compare vs other companies in the European Energy Services Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
1HAL 22.6xIndustry Avg. 13.3xNo. of Companies7PE0816243240+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1HAL is expensive based on its Price-To-Earnings Ratio (22.6x) compared to the European Energy Services industry average (13.1x).

Price to Earnings Ratio vs Fair Ratio

What is 1HAL'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.

1HAL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.6x
Fair PE Ratio21.1x

Price-To-Earnings vs Fair Ratio: 1HAL is expensive based on its Price-To-Earnings Ratio (22.6x) compared to the estimated Fair Price-To-Earnings Ratio (21.1x).

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 1HAL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€29.54
€31.35
+6.14%
11.57%€39.92€24.05n/a25
Mar ’27€30.19
€30.83
+2.11%
11.02%€39.43€23.75n/a25
Feb ’27€28.32
€29.87
+5.48%
11.07%€38.84€23.40n/a25
Jan ’27€24.23
€26.42
+9.03%
11.97%€36.50€20.37n/a25
Dec ’26€22.98
€26.15
+13.84%
13.47%€37.19€20.76n/a25
Nov ’26€23.05
€25.40
+10.20%
14.23%€37.08€20.70n/a24
Oct ’26€21.18
€22.59
+6.66%
12.42%€29.81€17.89n/a23
Sep ’26€19.63
€22.70
+15.67%
12.53%€30.03€18.02n/a24
Aug ’26€18.53
€23.15
+24.93%
13.14%€30.30€17.31n/a24
Jul ’26€17.90
€24.44
+36.57%
12.36%€30.54€18.66n/a27
Jun ’26€17.35
€26.11
+50.49%
11.99%€32.29€19.73n/a27
May ’26€17.64
€25.94
+47.11%
11.83%€31.64€19.33n/a27
Apr ’26€23.63
€31.54
+33.48%
8.76%€37.90€25.88n/a27
Mar ’26€25.08
€32.81
+30.81%
7.76%€39.18€26.76€30.1928
Feb ’26€25.35
€33.07
+30.46%
7.77%€39.40€26.91€28.3227
Jan ’26€25.77
€35.74
+38.70%
11.06%€48.05€26.91€24.2329
Dec ’25€30.14
€36.79
+22.05%
8.93%€47.70€32.44€22.9828
Nov ’25€25.64
€37.86
+47.70%
10.52%€45.93€32.15€23.0528
Oct ’25€26.92
€37.82
+40.50%
10.19%€44.91€31.43€21.1828
Sep ’25€28.04
€39.43
+40.63%
7.56%€45.15€35.21€19.6327
Aug ’25€31.01
€40.79
+31.54%
7.18%€46.20€36.03€18.5328
Jul ’25€31.30
€44.43
+41.95%
7.05%€50.41€36.41€17.9028
Jun ’25€33.35
€44.07
+32.17%
7.05%€49.66€35.87€17.3529
May ’25€35.73
€44.79
+25.34%
8.75%€50.59€29.98€17.6430
Apr ’25€36.54
€43.33
+18.58%
8.80%€49.74€29.48€23.6330
Mar ’25€33.16
€43.52
+31.24%
8.84%€50.06€29.67€25.0830
€31.11
Fair Value
5.1% 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 Analysis2026/03/09 12:27
End of Day Share Price 2026/03/09 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 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