Halliburton Company (HAL) P/E Ratio History
Historical price-to-earnings valuation from 1990 to 2026
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HAL Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Halliburton Company (HAL) trades at a price-to-earnings ratio of 27.8x, with a stock price of $41.72 and trailing twelve-month earnings per share of $1.84.
The current P/E is 21% above its 5-year average of 22.9x. Over the past five years, HAL's P/E has ranged from a low of 9.5x to a high of 143.9x, placing the current valuation at the 90th percentile of its historical range.
Compared to the Energy sector median P/E of 17.1x, HAL trades at a 63% premium to its sector peers. The sector includes 172 companies with P/E ratios ranging from 3.2x to 149.1x.
Relative to the broader market, HAL trades roughly in line with the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our HAL DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
HAL P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $84B | 23.8 | -Best | -24% | |
| $67B | 26.1 | -Best | -13% | |
| $8B | 18.3 | -Best | -12% | |
| $2B | 52.0 | -Best | -65% | |
| $109M | 4.8Lowest | -Best | +239%Best | |
| $5B | 37.9 | -Best | -52% | |
| $2B | 2129.5 | -Best | +101% | |
| $656B | 23.1 | -Best | -15% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
HAL Historical P/E Data (1990–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $38.99 | $1.82 | 21.4x | -42% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $28.26 | $1.51 | 18.7x | -50% |
| FY2025 Q3 | $24.60 | $1.51 | 16.3x | -56% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $20.38 | $2.14 | 9.5x | -74% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $25.37 | $2.39 | 10.6x | -71% |
| FY2024 Q4 | $27.19 | $2.83 | 9.6x | -74% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $29.05 | $2.87 | 10.1x | -73% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $33.78 | $3.01 | 11.2x | -70% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $39.42 | $2.89 | 13.6x | -63% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $36.15 | $2.93 | 12.3x | -67% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $40.50 | $2.91 | 13.9x | -62% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $32.99 | $2.72 | 12.1x | -67% |
Average P/E for displayed period: 37.0x
Full HAL Stock Analysis
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Start ComparisonHAL — Frequently Asked Questions
Quick answers to the most common questions about buying HAL stock.
Is HAL stock overvalued or undervalued?
HAL trades at 27.8x P/E, above its 5-year average of 22.9x. The 90th percentile ranking indicates a premium to historical valuation.
How does HAL's valuation compare to peers?
Halliburton Company P/E of 27.8x compares to sector median of 17.1x. The premium reflects expected growth above peers.
What is HAL's PEG ratio?
HAL PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1990-2026.