HAL (Halliburton Co) Shiller PE Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HAL Halliburton Co HAL
75 GF Score
Price $33.41
GF Value $33.77
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Halliburton Co Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Halliburton Co  (NYSE:HAL) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Halliburton Co Shiller PE Ratio Related Terms


Halliburton Co Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Halliburton Co's Shiller 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 Shiller PE Ratio Chart

Halliburton Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 357.34 - - - -

Halliburton Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 148.82 40.18

HAL vs FTI, NOV, WFRD: Shiller PE Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, Halliburton Co's Shiller PE Ratio, along with its competitors' market caps and Shiller 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 Shiller PE Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Halliburton Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Halliburton Co's Shiller PE Ratio falls into.


HAL
75GF Score
Halliburton Co HAL
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Halliburton Co Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Halliburton Co's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, Halliburton Co's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.6372/333.9520*333.9520
=0.637

Current CPI (Jun. 2026) = 333.9520.

Halliburton Co Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.010 241.428 0.014
201612 -0.170 241.432 -0.235
201703 -0.040 243.801 -0.055
201706 0.030 244.955 0.041
201709 0.420 246.819 0.568
201712 -0.940 246.524 -1.273
201803 0.050 249.554 0.067
201806 0.580 251.989 0.769
201809 0.500 252.439 0.661
201812 0.761 251.233 1.011
201903 0.174 254.202 0.229
201906 0.086 256.143 0.112
201909 0.337 256.759 0.438
201912 -1.883 256.974 -2.447
202003 -1.158 258.115 -1.499
202006 -1.911 257.797 -2.476
202009 -0.019 260.280 -0.025
202012 -0.266 260.474 -0.340
202103 0.191 264.877 0.241
202106 0.255 271.696 0.314
202109 0.264 274.310 0.321
202112 0.920 278.802 1.102
202203 0.291 287.504 0.338
202206 0.120 296.311 0.135
202209 0.598 296.808 0.673
202212 0.721 296.797 0.811
202303 0.718 301.836 0.794
202306 0.676 305.109 0.739
202309 0.794 307.789 0.861
202312 0.737 306.746 0.802
202403 0.680 312.332 0.727
202406 0.800 314.175 0.851
202409 0.648 315.301 0.686
202412 0.703 315.605 0.744
202503 0.236 319.799 0.246
202506 0.551 322.561 0.570
202509 0.021 324.800 0.022
202512 0.701 324.054 0.723
202603 0.550 330.213 0.556
202606 0.637 333.952 0.637

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Halliburton Co (HAL) Overvalued in 2026?

Based on GuruFocus' analysis, Halliburton Co stock appears to be undervalued. The current stock price of $33.41 is trading 1.1% below its estimated GF Value™ of $33.77. GuruFocus considers Halliburton Co to be Fairly Valued.

Key valuation signals for HAL:

  • Shiller PE Ratio:
  • GF Value™: $33.77 vs. price of $33.41 (1.1% below fair value)
  • GF Score™: 75/100 with 2 warning signs

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 Co Business Description

Industry EnergyOil & Gas
Address 3000 North Sam Houston Parkway East, Houston, TX, USA, 77032
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.
75GF Score

Get the complete analysis for HAL

Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$33.41
Price
$33.77
GF Value