Question 1

What is Halliburton's P/E ratio?

Accepted Answer

Halliburton (HAL) P/E ratio is 17.3× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Halliburton?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Halliburton specifically, the relevant sector benchmark is the current sector median of 17.8×.

Question 5

Is Halliburton's P/E ratio high or low?

Accepted Answer

Halliburton's P/E ratio of 17.3× is above its own 5-year average of 16.5× and below the sector median of 17.8×. That places the current reading at the 52th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Halliburton's historical P/E ratio range?

Accepted Answer

In the available daily series, Halliburton (HAL) P/E ratio has ranged from a low of 6.8× in 2025 to a high of 403.2× in 2018. The 5-year average is 16.5× and the 5-year median is 13.9×.

Question 7

What was Halliburton's P/E ratio in 2025?

Accepted Answer

Halliburton (HAL) P/E ratio at the end of 2025 was 18.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Halliburton's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$23.7B	$1.28B	18.5×	+9.0×	Dec 31, 2025
2024	$23.8B	$2.5B	9.5×	-2.7×	Dec 31, 2024
2023	$32.3B	$2.64B	12.2×	-10.5×	Dec 31, 2023
2022	$35.8B	$1.57B	22.8×	+8.7×	Dec 31, 2022
2021	$20.5B	$1.46B	14.1×	—	Dec 31, 2021
2020	$16.7B	-$2.95B	—	—	Dec 31, 2020
2019	$21.5B	-$1.13B	—	—	Dec 31, 2019
2018	$23.2B	$1.66B	14.0×	—	Dec 31, 2018
2017	$42.7B	-$463M	—	—	Dec 31, 2017
2016	$46.8B	-$5.76B	—	—	Dec 31, 2016
2015	$29.1B	-$671M	—	—	Dec 31, 2015
2014	$33.4B	$3.5B	9.5×	-10.7×	Dec 31, 2014
2013	$43.1B	$2.13B	20.3×	+8.0×	Dec 31, 2013
2012	$32.2B	$2.64B	12.2×	+1.0×	Dec 31, 2012
2011	$31.8B	$2.84B	11.2×	-9.1×	Dec 31, 2011
2010	$37.2B	$1.84B	20.3×	-3.5×	Dec 31, 2010
2009	$27.2B	$1.15B	23.7×	+16.4×	Dec 31, 2009
2008	$16.3B	$2.22B	7.3×	-2.1×	Dec 31, 2008
2007	$33.1B	$3.5B	9.5×	-3.8×	Dec 31, 2007
2006	$30.8B	$2.32B	13.3×	-0.1×	Dec 31, 2006
2005	$31.7B	$2.36B	13.4×	—	Dec 31, 2005
2004	$19.7B	-$979M	—	—	Dec 31, 2004
2003	$11.3B	-$820M	—	—	Dec 31, 2003
2002	$8.09B	-$998M	—	—	Dec 31, 2002


Diamondback Energy (FANG)	138.8×
Texas Pacific Land (TPL)	65.0×
Chevron (CVX)	37.2×
Enphase Energy (ENPH)	36.8×
Williams Companies (WMB)	31.4×
Targa Resources (TRGP)	25.4×
SLB (SLB)	23.3×
ConocoPhillips (COP)	22.1×
Enbridge (ENB)	21.6×
Baker Hughes (BKR)	19.4×
NACCO Industries (NC)	18.1×
Phillips 66 (PSX)	17.8×
Valero Energy (VLO)	17.5×
ONEOK (OKE)	16.1×
Marathon Petroleum (MPC)	15.6×
EOG Resources (EOG)	14.0×
Devon Energy (DVN)	13.8×
Energy Transfer LP (ET)	13.7×
Occidental Petroleum (OXY)	13.5×
National Fuel Gas (NFG)	13.0×
APA (APA)	9.8×
Expand Energy (EXE)	8.2×

P/E Ratio for Halliburton (HAL) 2005-2026

P/E Ratio daily chart for Halliburton (HAL)

Historical P/E Ratio for Halliburton (HAL) from 2002 to 2025

About P/E Ratio at Halliburton (HAL)

Halliburton P/E Ratio by Year

Halliburton P/E Ratio 2025: 18.5×

Halliburton P/E Ratio 2024: 9.5×

Halliburton P/E Ratio 2023: 12.2×

Halliburton P/E Ratio 2022: 22.8×

Halliburton P/E Ratio 2021: 14.1×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Halliburton (HAL) Key Financials