Halliburton CoHAM:HAL -1.17%78 EV-to-FCF is 20.54 as of Jul. 02, 2026, which is 11% below its 10-year median of 23.13. GuruFocus rates HAM:HAL with a GF Score™ of 78/100 and a GF Value™ of €29.89 (Fairly Valued). The stock has 2 warning signs investors should review. Among 578 Oil & Gas companies, Halliburton Co ranks worse than 63.15% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Halliburton Co's Enterprise Value is €29,592 Mil.
Halliburton Co's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €1,440 Mil. Therefore, Halliburton Co's EV-to-FCF for today is 20.54.
The historical rank and industry rank for Halliburton Co's EV-to-FCF or its related term are showing as below:
HAM:HAL'
s EV-to-FCF Range Over the Past 10 Years
Min: -23.47 Med: 23.13 Max: 133.78
Current: 20.08
During the past 13 years, the highest EV-to-FCF of Halliburton Co was 133.78. The lowest was -23.47. And the median was 23.13.
HAM:HAL's EV-to-FCF is ranked worse than 63.15% of 578
companies
in the Oil & Gas industry
Industry Median: 15.28
vs HAM:HAL: 20.08
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Halliburton Co's PE Ratio (TTM) for today is calculated as:
Halliburton Co's share price for today is €29.56.
Halliburton Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1.568.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Halliburton Co EV-to-FCF Related Terms
Halliburton Co EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Halliburton Co's EV-to-FCF 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.
For the Oil & Gas Equipment & Services subindustry, Halliburton Co's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Halliburton Co's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Halliburton Co's EV-to-FCF falls into.
Halliburton Co's current Enterprise Value is €29,592 Mil.
Halliburton Co's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,440 Mil.
* 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 (HAM:HAL) has a EV-to-FCF of 20.54 as of Jul. 02, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Halliburton Co and its competitors. This is 11% below median its historical median of 23.13. According to the industry distribution chart, Halliburton Co ranks #365 out of 578 companies in the Oil & Gas industry, placing it in the top 63.1%.
Is Halliburton Co's EV-to-FCF too high?
Halliburton Co's current EV-to-FCF of 20.54 is 11% below median its 10-year median of 23.13. The Oil & Gas industry median EV-to-FCF is 15.28. Halliburton Co's value of 20.54 is 34.4% above this industry median. Based on the distribution chart, Halliburton Co ranks #365 out of 578 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Halliburton Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Halliburton Co's EV-to-FCF compare to FTI and KGS?
According to the Oil & Gas industry distribution chart, Halliburton Co ranks #365 out of 578 companies for EV-to-FCF. This places Halliburton Co in the lower half of its industry. The industry median EV-to-FCF is 15.28. Halliburton Co's value of 20.54 is 34.4% above this benchmark. While the company's 10-year median is 23.13 vs. the industry median of 15.28, Halliburton Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 15.28, based on 578 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Halliburton Co's current EV-to-FCF of 20.54 is 34.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Halliburton Co and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 15.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Halliburton Co's current EV-to-FCF is 20.54, which is 11% below median its own 10-year median of 23.13. 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 €29.89, compared to a current price of €29.56 — trading 1.1% below its estimated fair value. The current EV-to-FCF is 20.54, which is 11% below median its 10-year median of 23.13 and 34.4% above the Oil & Gas industry median of 15.28. Halliburton Co's overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Halliburton Co (HAM:HAL), the current EV-to-FCF is 20.54 as of Jul. 02, 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 undervalued.
The current stock price of €29.56 is trading 1.1% below its estimated GF Value™ of €29.89.
GuruFocus considers Halliburton Co to be Fairly Valued.
Key valuation signals for HAM:HAL:
EV-to-FCF: 20.54 (11% below median its 10-year median of 23.13)
GF Value™: €29.89 vs. price of €29.56 (1.1% below fair value)
Industry Position: 34.4% above the Oil & Gas median (#365 of 578)
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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