Halliburton CoHAM:HAL -3.37%73 Piotroski F-Score is 6 as of Jun. 25, 2026, which is at its 10-year median of 6.00. GuruFocus rates HAM:HAL with a GF Score™ of 73/100 and a GF Value™ of €29.31 (Fairly Valued). The stock has 2 warning signs investors should review. Among 975 Oil & Gas companies, Halliburton Co ranks better than 80.92% on this metric.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Halliburton Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Halliburton Co's Piotroski F-Score or its related term are showing as below:
HAM:HAL'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 6 Max: 9
Current: 6
During the past 13 years, the highest Piotroski F-Score of Halliburton Co was 9. The lowest was 1. And the median was 6.
Halliburton Co (HAM:HAL) Piotroski F-Score Explanation
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Halliburton Co Piotroski F-Score Related Terms
Halliburton Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Halliburton Co's Piotroski F-Score 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, WFRD, NOV: Piotroski F-Score Comparison
For the Oil & Gas Equipment & Services subindustry, Halliburton Co's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Halliburton Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Halliburton Co's Piotroski F-Score falls into.
* 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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 409.224 + 15.336 + 503.006 + 398.765 = €1,326 Mil. Cash Flow from Operations was 776.832 + 415.776 + 994.91 + 236.145 = €2,424 Mil. Revenue was 4777.17 + 4771.2 + 4831.078 + 4672.73 = €19,052 Mil. Gross Profit was 710.073 + 729.312 + 794.22 + 677.295 = €2,911 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(23290.575 + 22001.859 + 21439.728 + 21358.54 + 21747.83) / 5 = €21967.7064 Mil. Total Assets at the begining of this year (Mar25) was €23,291 Mil. Long-Term Debt & Capital Lease Obligation was €6,702 Mil. Total Current Assets was €9,978 Mil. Total Current Liabilities was €4,790 Mil.
Net Income was 658.661 + 514.471 + 587.325 + 188.7 = €1,949 Mil.
Revenue was 5418.857 + 5132.997 + 5357.55 + 5010.725 = €20,920 Mil. Gross Profit was 1043.267 + 964.07 + 979.83 + 813.075 = €3,800 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(22681.68 + 23366.208 + 22823.231 + 24435.585 + 23290.575) / 5 = €23319.4558 Mil. Total Assets at the begining of last year (Mar24) was €22,682 Mil. Long-Term Debt & Capital Lease Obligation was €7,334 Mil. Total Current Assets was €10,664 Mil. Total Current Liabilities was €5,386 Mil.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Halliburton Co's current Net Income (TTM) was 1,326.
==> Positive ==> Score 1.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Halliburton Co's return on assets of this year was 0.05694711. Halliburton Co's return on assets of last year was 0.0859353.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Halliburton Co's gearing of this year was 0.3050851. Halliburton Co's gearing of last year was 0.31451527.
==> This year is lower or equal to last year. ==> Score 1.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Halliburton Co's current ratio of this year was 2.08325808. Halliburton Co's current ratio of last year was 1.97990726.
==> This year's current ratio is higher. ==> Score 1.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Halliburton Co's number of shares in issue this year was 839. Halliburton Co's number of shares in issue last year was 866.
==> There is smaller number of shares in issue this year, or the same. ==> Score 1.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Halliburton Co's gross margin of this year was 0.15278568. Halliburton Co's gross margin of last year was 0.18165481.
==> Last year's gross margin is higher ==> Score 0.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Halliburton Co's asset turnover of this year was 0.81802094. Halliburton Co's asset turnover of last year was 0.92233596.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Halliburton Co has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Halliburton Co (HAM:HAL) has a Piotroski F-Score of 6 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Halliburton Co and its competitors. This is near median its historical median of 6.00. Over the past decade, Halliburton Co's Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Halliburton Co ranks #186 out of 975 companies in the Oil & Gas industry, placing it in the top 19.1%.
Is Halliburton Co's Piotroski F-Score too high?
Halliburton Co's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 9.00. The Oil & Gas industry median Piotroski F-Score is 5.00. Halliburton Co's value of 6 is 20% above this industry median. Based on the distribution chart, Halliburton Co ranks #186 out of 975 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. 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 Piotroski F-Score compare to FTI and WFRD?
According to the Oil & Gas industry distribution chart, Halliburton Co ranks #186 out of 975 companies for Piotroski F-Score. This places Halliburton Co in the top 19% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Halliburton Co's value of 6 is 20% above this benchmark. Historically, Halliburton Co's own Piotroski F-Score has ranged from 1.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, 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 Piotroski F-Score for an Oil & Gas company?
The median Piotroski F-Score among Oil & Gas companies is 5.00, based on 975 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Halliburton Co's current Piotroski F-Score of 6 is 20% 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 Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Halliburton Co and its competitors. For the Oil & Gas industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Halliburton Co's current Piotroski F-Score is 6, which is near median its own 10-year median of 6.00. 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 €29.31, compared to a current price of €29.78 — trading 1.6% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Oil & Gas industry median of 5.00. 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 Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Halliburton Co (HAM:HAL), the current Piotroski F-Score is 6 as of Jun. 25, 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 €29.78 is trading 1.6% above its estimated GF Value™ of €29.31.
GuruFocus considers Halliburton Co to be Fairly Valued.
Key valuation signals for HAM:HAL:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: €29.31 vs. price of €29.78 (1.6% above fair value)
Industry Position: 20% above the Oil & Gas median (#186 of 975)
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.
73GF Score
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