Halliburton CoHAM:HAL -3.37%73 PB Ratio is 2.67 as of Jun. 25, 2026, which is 22% below its 10-year median of 3.41. GuruFocus rates HAM:HAL with a GF Score™ of 73/100 and a GF Value™ of €29.28 (Fairly Valued). The stock has 2 warning signs investors should review. Among 923 Oil & Gas companies, Halliburton Co ranks worse than 76.27% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-25), Halliburton Co's share price is €29.78. Halliburton Co's Book Value per Share for the quarter that ended in Mar. 2026 was €11.17. Hence, Halliburton Co's PB Ratio of today is 2.67.
The historical rank and industry rank for Halliburton Co's PB Ratio or its related term are showing as below:
HAM:HAL'
s PB Ratio Range Over the Past 10 Years
Min: 0.55 Med: 3.41 Max: 5.83
Current: 2.63
During the past 13 years, Halliburton Co's highest PB Ratio was 5.83. The lowest was 0.55. And the median was 3.41.
HAM:HAL's PB Ratio is ranked worse than 76.27% of 923
companies
in the Oil & Gas industry
Industry Median: 1.44
vs HAM:HAL: 2.63
During the past 12 months, Halliburton Co's average Book Value Per Share Growth Rate was 7.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 12.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 17.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -1.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Halliburton Co was 36.60% per year. The lowest was -20.80% per year. And the median was 2.10% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Halliburton Co PB Ratio Related Terms
Halliburton Co PB Ratio Historical Data
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The historical data trend for Halliburton Co's PB 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.
For the Oil & Gas Equipment & Services subindustry, Halliburton Co's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Halliburton Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Halliburton Co's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Halliburton Co's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Halliburton Co (HAM:HAL) has a PB Ratio of 2.67 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Halliburton Co and its competitors. This is 22% below median its historical median of 3.41. Over the past decade, Halliburton Co's PB Ratio has ranged from 0.55 to 5.83. According to the industry distribution chart, Halliburton Co ranks #704 out of 923 companies in the Oil & Gas industry, placing it in the top 76.3%.
Is Halliburton Co's PB Ratio too high?
Halliburton Co's current PB Ratio of 2.67 is 22% below median its 10-year median of 3.41. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 5.83. The Oil & Gas industry median PB Ratio is 1.44. Halliburton Co's value of 2.67 is 85.4% above this industry median. Based on the distribution chart, Halliburton Co ranks #704 out of 923 companies in the Oil & Gas industry, which is in the bottom quartile 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 PB Ratio compare to FTI and WFRD?
According to the Oil & Gas industry distribution chart, Halliburton Co ranks #704 out of 923 companies for PB Ratio. This places Halliburton Co in the lower half of its industry. The industry median PB Ratio is 1.44. Halliburton Co's value of 2.67 is 85.4% above this benchmark. Historically, Halliburton Co's own PB Ratio has ranged from 0.55 to 5.83 over the past decade. While the company's 10-year median is 3.41 vs. the industry median of 1.44, 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 PB Ratio for an Oil & Gas company?
The median PB Ratio among Oil & Gas companies is 1.44, based on 923 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Halliburton Co's current PB Ratio of 2.67 is 85.4% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Halliburton Co and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Halliburton Co's current PB Ratio is 2.67, which is 22% below median its own 10-year median of 3.41. 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 €29.28, compared to a current price of €29.78 — trading 1.7% above its estimated fair value. The current PB Ratio is 2.67, which is 22% below median its 10-year median of 3.41 and 85.4% above the Oil & Gas industry median of 1.44. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Halliburton Co (HAM:HAL), the current PB Ratio is 2.67 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 1.7% above its estimated GF Value™ of €29.28.
GuruFocus considers Halliburton Co to be Fairly Valued.
Key valuation signals for HAM:HAL:
PB Ratio: 2.67 (22% below median its 10-year median of 3.41)
GF Value™: €29.28 vs. price of €29.78 (1.7% above fair value)
Industry Position: 85.4% above the Oil & Gas median (#704 of 923)
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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