Halliburton Co (NYSE:HAL) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Halliburton Co Forward PE Ratio Related Terms
Halliburton Co Forward PE Ratio Historical Data
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The historical data trend for Halliburton Co's Forward PE 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.
Halliburton Co Forward PE Ratio Chart
Halliburton Co Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
34.25
58.14
22.68
14.62
17.24
35.71
13.76
13.93
10.34
8.65
12.67
Halliburton Co Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
34.25
23.20
44.05
50.25
58.14
49.02
47.62
20.53
22.68
19.16
18.32
14.66
14.62
17.61
15.48
11.72
17.24
5.81
60.24
35.71
25.58
26.60
14.64
13.76
22.47
17.09
9.26
13.93
10.83
10.60
11.48
10.34
11.57
10.02
7.94
8.65
9.38
8.72
11.95
12.67
18.16
HAL vs FTI, KGS, AROC: Forward PE Ratio Comparison
For the Oil & Gas Equipment & Services subindustry, Halliburton Co's Forward PE Ratio, along with its competitors' market caps and Forward 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 Forward PE Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Halliburton Co's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Halliburton Co's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Halliburton Co (HAL) has a Forward PE Ratio of 13.98 as of Jul. 06, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Halliburton Co and its competitors. According to the industry distribution chart, Halliburton Co ranks #337 out of 542 companies in the Oil & Gas industry, placing it in the top 62.2%.
Is Halliburton Co's Forward PE Ratio too high?
Halliburton Co's current Forward PE Ratio is 13.98. The Oil & Gas industry median Forward PE Ratio is 10.66. Halliburton Co's value of 13.98 is 31.2% above this industry median. Based on the distribution chart, Halliburton Co ranks #337 out of 542 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Halliburton Co has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Halliburton Co's Forward PE Ratio compare to FTI and KGS?
According to the Oil & Gas industry distribution chart, Halliburton Co ranks #337 out of 542 companies for Forward PE Ratio. This places Halliburton Co in the lower half of its industry. The industry median Forward PE Ratio is 10.66. Halliburton Co's value of 13.98 is 31.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for an Oil & Gas company?
The median Forward PE Ratio among Oil & Gas companies is 10.66, based on 542 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Halliburton Co's current Forward PE Ratio of 13.98 is 31.2% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Halliburton Co and its competitors. For the Oil & Gas industry, the median Forward PE Ratio is 10.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Halliburton Co's current Forward PE Ratio is 13.98. 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 (HAL) is currently considered Fairly Valued. The stock's GF Value™ is $33.39, compared to a current price of $33.00 — trading 1.2% below its estimated fair value. The current Forward PE Ratio is 13.98 and 31.2% above the Oil & Gas industry median of 10.66. Halliburton Co's overall GF Score™ is 74/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Halliburton Co (HAL), the current Forward PE Ratio is 13.98 as of Jul. 06, 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 (HAL) Overvalued in 2026?
Based on GuruFocus' analysis, Halliburton Co stock appears to be undervalued.
The current stock price of $33.00 is trading 1.2% below its estimated GF Value™ of $33.39.
GuruFocus considers Halliburton Co to be Fairly Valued.
Key valuation signals for HAL:
Forward PE Ratio: 13.98
GF Value™: $33.39 vs. price of $33.00 (1.2% below fair value)
Industry Position: 31.2% above the Oil & Gas median (#337 of 542)
No single metric tells the full story. See the 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.
74GF Score
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Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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