Question 1

What is Halliburton's P/S ratio?

Accepted Answer

Halliburton (HAL) P/S ratio is 1.5× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Halliburton?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Halliburton specifically, the relevant sector benchmark is the current sector median of 2.2×.

Question 5

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

Accepted Answer

Halliburton's P/S ratio of 1.5× is above its own 5-year average of 1.3× and below the sector median of 2.2×. That places the current reading at the 60th 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/S ratio range?

Accepted Answer

In the available daily series, Halliburton (HAL) P/S ratio has ranged from a low of 0.3× in 2020 to a high of 2.9× in 2016. The 5-year average is 1.3× and the 5-year median is 1.3×.

Question 7

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

Accepted Answer

Halliburton (HAL) P/S ratio at the end of 2025 was 1.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$23.71B	$22.18B	1.1×	+0.0×	Dec 31, 2025
2024	$23.79B	$22.94B	1.0×	-0.4×	Dec 31, 2024
2023	$32.28B	$23.02B	1.4×	-0.4×	Dec 31, 2023
2022	$35.81B	$20.30B	1.8×	+0.4×	Dec 31, 2022
2021	$20.49B	$15.29B	1.3×	+0.2×	Dec 31, 2021
2020	$16.71B	$14.45B	1.2×	+0.2×	Dec 31, 2020
2019	$21.47B	$22.41B	1.0×	-0.0×	Dec 31, 2019
2018	$23.18B	$24.00B	1.0×	-1.1×	Dec 31, 2018
2017	$42.66B	$20.62B	2.1×	-0.9×	Dec 31, 2017
2016	$46.79B	$15.89B	2.9×	+1.7×	Dec 31, 2016
2015	$29.14B	$23.63B	1.2×	+0.2×	Dec 31, 2015
2014	$33.35B	$32.87B	1.0×	-0.5×	Dec 31, 2014
2013	$43.09B	$29.40B	1.5×	+0.3×	Dec 31, 2013
2012	$32.23B	$28.50B	1.1×	-0.1×	Dec 31, 2012
2011	$31.78B	$24.83B	1.3×	-0.8×	Dec 31, 2011
2010	$37.20B	$17.97B	2.1×	+0.2×	Dec 31, 2010
2009	$27.17B	$14.68B	1.9×	+1.0×	Dec 31, 2009
2008	$16.27B	$18.28B	0.9×	-1.3×	Dec 31, 2008
2007	$33.10B	$15.26B	2.2×	+0.2×	Dec 31, 2007
2006	$30.80B	$15.39B	2.0×	+0.5×	Dec 31, 2006
2005	$31.66B	$20.51B	1.5×	+0.6×	Dec 31, 2005
2004	$19.66B	$20.47B	1.0×	+0.3×	Dec 31, 2004
2003	$11.28B	$16.29B	0.7×	+0.0×	Dec 31, 2003
2002	$8.09B	$12.57B	0.6×	+0.2×	Dec 31, 2002
2001	$5.65B	$13.05B	0.4×	—	Dec 31, 2001


Kinder Morgan (KMI)	4.3×
EQT (EQT)	4.0×
First Solar (FSLR)	3.9×
Diamondback Energy (FANG)	3.7×
National Fuel Gas (NFG)	3.6×
Enphase Energy (ENPH)	3.5×
Targa Resources (TRGP)	3.3×
EOG Resources (EOG)	3.3×
ConocoPhillips (COP)	2.8×
Occidental Petroleum (OXY)	2.7×
Chevron (CVX)	2.2×
Exxon Mobil (XOM)	2.2×
Baker Hughes (BKR)	2.2×
SLB (SLB)	2.1×
Enbridge (ENB)	2.1×
Devon Energy (DVN)	1.9×
Expand Energy (EXE)	1.9×
APA (APA)	1.7×
ONEOK (OKE)	1.6×
NACCO Industries (NC)	1.4×
Sunrun (RUN)	1.0×
Energy Transfer LP (ET)	0.7×
Valero Energy (VLO)	0.6×
Phillips 66 (PSX)	0.5×
Marathon Petroleum (MPC)	0.5×

P/S Ratio for Halliburton (HAL)

P/S Ratio daily chart for Halliburton (HAL)

Historical P/S Ratio for Halliburton (HAL) from 2001 to 2025

About P/S Ratio at Halliburton (HAL)

Halliburton P/S Ratio by Year

Halliburton P/S Ratio 2025: 1.1×

Halliburton P/S Ratio 2024: 1.0×

Halliburton P/S Ratio 2023: 1.4×

Halliburton P/S Ratio 2022: 1.8×

Halliburton P/S Ratio 2021: 1.3×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Halliburton (HAL) Key Financials

P/S Ratio daily chart for Halliburton (HAL)

Historical P/S Ratio for Halliburton (HAL) from 2001 to 2025

About P/S Ratio at Halliburton (HAL)

Halliburton P/S Ratio by Year

Halliburton P/S Ratio 2025: 1.1×

Halliburton P/S Ratio 2024: 1.0×

Halliburton P/S Ratio 2023: 1.4×

Halliburton P/S Ratio 2022: 1.8×

Halliburton P/S Ratio 2021: 1.3×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Halliburton's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for Halliburton?

+Is Halliburton's P/S ratio high or low?

+What is Halliburton's historical P/S ratio range?

+What was Halliburton's P/S ratio in 2025?

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

Halliburton (HAL) Key Financials