Halliburton CoHAL +2.27%73 PE Ratio without NRI is 14.63 as of Jun. 25, 2026, which is 8% below its 10-year median of 15.92. GuruFocus rates HAL with a GF Score™ of 73/100 and a GF Value™ of $33.36 (Fairly Valued). The stock has 2 warning signs investors should review. Among 633 Oil & Gas companies, Halliburton Co ranks better than 51.97% on this metric.
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. As of today (2026-06-25), Halliburton Co's share price is $34.67.
Halliburton Co's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was $2.37. Therefore, Halliburton Co's PE Ratio without NRI for today is 14.63.
During the past 13 years, Halliburton Co's highest PE Ratio without NRI was 222.02. The lowest was 4.07. And the median was 15.92.
During the past years, Halliburton Co's highestPE Ratio (TTM) was 412.27. The lowest was 8.20. And the median was 15.64.
Halliburton Co's
EPS (Diluted) for the
three
months ended in Mar. 2026 was $0.55.
Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $1.82.
Halliburton Co's EPS (Basic) for the
three
months ended in Mar. 2026 was $0.55.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was $1.82.
Halliburton Co (NYSE:HAL) PE Ratio without NRI Explanation
The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.
If a company loses money, the PE Ratio becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.
Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.
Halliburton Co PE Ratio without NRI Related Terms
Halliburton Co PE Ratio without NRI Historical Data
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The historical data trend for Halliburton Co's PE Ratio without NRI 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.
HAL vs FTI, WFRD, NOV: PE Ratio without NRI Comparison
For the Oil & Gas Equipment & Services subindustry, Halliburton Co's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Halliburton Co's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Halliburton Co's PE Ratio without NRI falls into.
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. Regular 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 regular PE Ratio.
Halliburton Co's PE Ratio without NRI for today is calculated as
Halliburton Co's Share Price of today is $34.67.
Halliburton Co's EPS without NRI 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 $2.37.
* 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.
There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months.
For Forward PE Ratio, the earnings are the expected earnings for the next twelve months.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
Halliburton Co (HAL) has a PE Ratio without NRI of 14.63 as of Jun. 25, 2026. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Halliburton Co and its competitors. This is near median its historical median of 15.92. Over the past decade, Halliburton Co's PE Ratio without NRI has ranged from 4.07 to 222.02. According to the industry distribution chart, Halliburton Co ranks #304 out of 633 companies in the Oil & Gas industry, placing it in the top 48%.
Is Halliburton Co's PE Ratio without NRI too high?
Halliburton Co's current PE Ratio without NRI of 14.63 is near median its 10-year median of 15.92. Over the past 10 years, this metric has ranged from a low of 4.07 to a high of 222.02. The Oil & Gas industry median PE Ratio without NRI is 14.75. Halliburton Co's value of 14.63 is 0.8% below this industry median. Based on the distribution chart, Halliburton Co ranks #304 out of 633 companies in the Oil & Gas industry, which is above the industry midpoint. 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 PE Ratio without NRI compare to FTI and WFRD?
According to the Oil & Gas industry distribution chart, Halliburton Co ranks #304 out of 633 companies for PE Ratio without NRI. This puts Halliburton Co in the upper half of its industry. The industry median PE Ratio without NRI is 14.75. Halliburton Co's value of 14.63 is 0.8% below this benchmark. Historically, Halliburton Co's own PE Ratio without NRI has ranged from 4.07 to 222.02 over the past decade. While the company's 10-year median is 15.92 vs. the industry median of 14.75, Halliburton Co has consistently been below 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 PE Ratio without NRI for an Oil & Gas company?
The median PE Ratio without NRI among Oil & Gas companies is 14.75, based on 633 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio without NRI significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Halliburton Co's current PE Ratio without NRI of 14.63 is 0.8% below 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 PE Ratio without NRI mean?
A high PE Ratio without NRI can signal that a stock is expensive relative to its fundamentals. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Halliburton Co and its competitors. For the Oil & Gas industry, the median PE Ratio without NRI is 14.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Halliburton Co's current PE Ratio without NRI is 14.63, which is near median its own 10-year median of 15.92. 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 PE Ratio without NRI is 14.63, which is near median its 10-year median of 15.92 and 0.8% below the Oil & Gas industry median of 14.75. 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 PE Ratio without NRI calculated?
PE Ratio without NRI is calculated from a company's financial statements. For Halliburton Co (HAL), the current PE Ratio without NRI is 14.63 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:
PE Ratio without NRI: 14.63 (near median its 10-year median of 15.92)
GF Value™: $33.36 vs. price of $34.67 (3.9% above fair value)
Industry Position: 0.8% below the Oil & Gas median (#304 of 633)
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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PE Ratio without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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