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Shiller PE for Stocks: The True Measure of Stock Valuation
Halliburton Co (HAM:HAL) Cyclically Adjusted PB Ratio Explanation
Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.
Halliburton Co Cyclically Adjusted PB Ratio Related Terms
Halliburton Co Cyclically Adjusted PB Ratio Historical Data
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The historical data trend for Halliburton Co's Cyclically Adjusted PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HAM:HAL vs FTI, KGS, AROC: Cyclically Adjusted PB Ratio Comparison
For the Oil & Gas Equipment & Services subindustry, Halliburton Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Halliburton Co Cyclically Adjusted PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Halliburton Co's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Halliburton Co's Cyclically Adjusted PB Ratio falls into.
Halliburton Co Cyclically Adjusted PB Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Is Halliburton Co (HAM:HAL) Overvalued in 2026?
Based on GuruFocus' analysis, Halliburton Co stock appears to be undervalued.
The current stock price of €28.95 is trading 1.3% below its estimated GF Value™ of €29.32.
GuruFocus considers Halliburton Co to be Fairly Valued.
Key valuation signals for HAM:HAL:
Cyclically Adjusted PB Ratio:
GF Value™: €29.32 vs. price of €28.95 (1.3% below fair value)
No single metric tells the full story. See the HAM:HAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Halliburton is North America's largest oilfield-services company as measured by market share. Despite industry fragmentation, it holds a leading position in the hydraulic fracturing and completions market, which makes up nearly half of its revenue. It also holds strong positions in other service offerings like drilling and completions fluids, which leverages its expertise in material science, as well as the directional drilling market. While we consider SLB the global leader in reservoir evaluation, we think Halliburton leads in any activity from the reservoir to the wellbore. Halliburton's innovations have helped multiple producers lower their development costs per barrel of oil equivalent, with techniques that have been honed over a century of operations.
78GF Score
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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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