Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Halliburton Co's share price for the quarter that ended in Mar. 2026 was $38.99. Halliburton Co's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 835 Mil. Therefore, Halliburton Co's market cap for the quarter that ended in Mar. 2026 was $32,557 Mil.
Halliburton Co's quarterly market cap
increased
from Sep. 2025 ($20,728 Mil) to Dec. 2025 ($23,586 Mil) and
increased
from Dec. 2025 ($23,586 Mil) to Mar. 2026 ($32,557 Mil).
Halliburton Co's annual market cap
declined
from Dec. 2023 ($32,139 Mil) to Dec. 2024 ($23,601 Mil) and
declined
from Dec. 2024 ($23,601 Mil) to Dec. 2025 ($23,586 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Halliburton Co's Enterprise Value for Today is $35,086 Mil.
Halliburton Co (NYSE:HAL) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Halliburton Co Market Cap Related Terms
Halliburton Co Market Cap Historical Data
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The historical data trend for Halliburton Co's Market Cap 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 Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Halliburton Co's Market Cap distribution charts can be found below:
* The bar in red indicates where Halliburton Co's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Halliburton Co's Market Cap for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (HAL) has a Market Cap of $28,963 Mil as of Jun. 25, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Halliburton Co and its competitors. According to the industry distribution chart, Halliburton Co ranks #48 out of 1043 companies in the Oil & Gas industry, placing it in the top 4.6%.
Is Halliburton Co's Market Cap too high?
Halliburton Co's current Market Cap is $28,963 Mil. The Oil & Gas industry median Market Cap is 210.36. Halliburton Co's value of $28,963 Mil is 13668.6% above this industry median. Based on the distribution chart, Halliburton Co ranks #48 out of 1043 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 Market Cap compare to FTI and WFRD?
According to the Oil & Gas industry distribution chart, Halliburton Co ranks #48 out of 1043 companies for Market Cap. This places Halliburton Co in the top 5% of its industry — outperforming the majority of peers. The industry median Market Cap is 210.36. Halliburton Co's value of $28,963 Mil is 13668.6% 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 Market Cap for an Oil & Gas company?
The median Market Cap among Oil & Gas companies is 210.36, based on 1,043 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Halliburton Co's current Market Cap of $28,963 Mil is 13668.6% 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Halliburton Co and its competitors. For the Oil & Gas industry, the median Market Cap is 210.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Halliburton Co's current Market Cap is $28,963 Mil. 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 $33.36, compared to a current price of $34.67 — trading 3.9% above its estimated fair value. The current Market Cap is $28,963 Mil and 13668.6% above the Oil & Gas industry median of 210.36. 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Halliburton Co (HAL), the current Market Cap is $28,963 Mil 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 (HAL) Overvalued in 2026?
Based on GuruFocus' analysis, Halliburton Co stock appears to be overvalued.
The current stock price of $34.67 is trading 3.9% above its estimated GF Value™ of $33.36.
GuruFocus considers Halliburton Co to be Fairly Valued.
Key valuation signals for HAL:
Market Cap: $28,963 Mil
GF Value™: $33.36 vs. price of $34.67 (3.9% above fair value)
Industry Position: 13668.6% above the Oil & Gas median (#48 of 1043)
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.
73GF Score
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