Halliburton Co (HAM:HAL) E10: €0.23 (As of Mar. 2026)


HAM:HAL Halliburton Co HAM:HAL
73 GF Score
Price €29.87
GF Value €29.14
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Halliburton Co E10?

Halliburton Co HAM:HAL -1.35% 73 E10 is €0.23 as of Mar. 2026. GuruFocus rates HAM:HAL with a GF Score™ of 73/100 and a GF Value™ of €29.14 (Fairly Valued). The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Halliburton Co's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.476. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.23 for the trailing ten years ended in Mar. 2026.

During the past 3 years, the average E10 Growth Rate was -8.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Halliburton Co was 87.10% per year. The lowest was -64.10% per year. And the median was 6.45% per year.

As of today (2026-06-26), Halliburton Co's current stock price is €29.87. Halliburton Co's E10 for the quarter that ended in Mar. 2026 was €0.23. Halliburton Co's Shiller PE Ratio of today is 129.87.

During the past 13 years, the highest Shiller PE Ratio of Halliburton Co was 778.00. The lowest was 6.16. And the median was 33.08.


Halliburton Co  (HAM:HAL) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Halliburton Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=29.87/0.23
=129.87

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Halliburton Co was 778.00. The lowest was 6.16. And the median was 33.08.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Halliburton Co E10 Related Terms


Halliburton Co E10 Historical Data

* Premium members only.

The historical data trend for Halliburton Co's E10 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.

Halliburton Co E10 Chart

Halliburton Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 -0.13 -0.14 -0.41 -0.15

Halliburton Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.29 -0.22 -0.21 -0.15 0.23

HAM:HAL vs FTI, WFRD, NOV: E10 Comparison

For the Oil & Gas Equipment & Services subindustry, Halliburton Co's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Halliburton Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Halliburton Co's Shiller PE Ratio falls into.


HAM:HAL
73GF Score
Halliburton Co HAM:HAL
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Halliburton Co E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, Halliburton Co's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.476/330.2130*330.2130
=0.476

Current CPI (Mar. 2026) = 330.2130.

Halliburton Co Quarterly Data

per share eps CPI Adj_EPS
201606 -3.320 241.018 -4.549
201609 0.009 241.428 0.012
201612 -0.161 241.432 -0.220
201703 -0.037 243.801 -0.050
201706 0.027 244.955 0.036
201709 0.352 246.819 0.471
201712 -0.794 246.524 -1.064
201803 0.041 249.554 0.054
201806 0.496 251.989 0.650
201809 0.429 252.439 0.561
201812 0.668 251.233 0.878
201903 0.150 254.202 0.195
201906 0.080 256.143 0.103
201909 0.309 256.759 0.397
201912 -1.692 256.974 -2.174
202003 -1.050 258.115 -1.343
202006 -1.696 257.797 -2.172
202009 -0.017 260.280 -0.022
202012 -0.222 260.474 -0.281
202103 0.160 264.877 0.199
202106 0.216 271.696 0.263
202109 0.221 274.310 0.266
202112 0.814 278.802 0.964
202203 0.263 287.504 0.302
202206 0.114 296.311 0.127
202209 0.606 296.808 0.674
202212 0.680 296.797 0.757
202303 0.672 301.836 0.735
202306 0.628 305.109 0.680
202309 0.740 307.789 0.794
202312 0.679 306.746 0.731
202403 0.626 312.332 0.662
202406 0.743 314.175 0.781
202409 0.586 315.301 0.614
202412 0.669 315.605 0.700
202503 0.222 319.799 0.229
202506 0.477 322.561 0.488
202509 0.017 324.800 0.017
202512 0.598 324.054 0.609
202603 0.476 330.213 0.476

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of €0.23 mean?
Halliburton Co (HAM:HAL) has a E10 of €0.23 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Halliburton Co and its competitors.
Is Halliburton Co's E10 too high?
Halliburton Co's current E10 is €0.23. Overall, Halliburton Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Halliburton Co's E10 compare to FTI and WFRD?
Halliburton Co's E10 of €0.23 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for an Oil & Gas company?
A good E10 depends on the Oil & Gas industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Halliburton Co and its competitors. Halliburton Co's current E10 is €0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Halliburton Co stock overvalued right now?
Based on GuruFocus' analysis, Halliburton Co (HAM:HAL) is currently considered Fairly Valued. The stock's GF Value™ is €29.14, compared to a current price of €29.87 — trading 2.5% above its estimated fair value. The current E10 is €0.23. Halliburton Co's overall GF Score™ is 73/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Halliburton Co (HAM:HAL), the current E10 is €0.23 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Halliburton Co (HAM:HAL) Overvalued in 2026?

Based on GuruFocus' analysis, Halliburton Co stock appears to be overvalued. The current stock price of €29.87 is trading 2.5% above its estimated GF Value™ of €29.14. GuruFocus considers Halliburton Co to be Fairly Valued.

Key valuation signals for HAM:HAL:

  • E10: €0.23
  • GF Value™: €29.14 vs. price of €29.87 (2.5% above fair value)
  • GF Score™: 73/100 with 2 warning signs

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 Co Business Description

Industry EnergyOil & Gas
Address 3000 North Sam Houston Parkway East, Houston, TX, USA, 77032
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.
73GF Score

Get the complete analysis for HAM:HAL

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€29.87
Price
€29.14
GF Value