Helmerich and Payne Inc (HP) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Helmerich and Payne Inc stock $21.09, price $35.22, that is 40.1% below the price, quality 40 out of 100. Rating: strongly overvalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $14.53 – $47.64 · fair‑value band $4.82 – $48.15 · the $35.22 price screens above the $21.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Helmerich & Payne, Inc., together with its subsidiaries, provides drilling solutions and technologies for oil and gas exploration and production companies. The company operates through North America Solutions, Offshore Solutions, and International Solutions segments.
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The North America Solutions segment conducts operations primarily in Texas. The Offshore Solutions segment has drilling operations in Louisiana and in U.S. federal waters the North Sea and Norwegian Sea off the coast of Norway, Caspian Sea and other international waters.
The International Solutions segment conducts drilling operations in Saudi Arabia, Argentina, Bahrain, Oman, Germany, and Kuwait. The company focuses on developing, promoting, and commercializing technologies designed to enhance the drilling operations, as well as wellbore quality and placement.
It also owns and operates commercial real estate properties. In addition, the company's real estate investments include a shopping center. Helmerich & Payne, Inc. was founded in 1920 and is headquartered in Tulsa, Oklahoma.
Stock analysis
Helmerich and Payne Inc (HP) currently trades at $35.22, while our model-based Fair Value estimate is $21.09, 40% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $22.16 per share, and 1 of the 11 models we run sit above the $35.22 price.
Bear case: the Multiples group reads lowest at $9.25, and 10 of the 11 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $4.82 (bear) to $48.15 (bull), the price of $35.22 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 40/100 (below-average quality), in the Energy sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Helmerich and Payne Inc reported revenue of $3.7B in FY2025 versus $1.2B in FY2021, a compound +32.4%/yr. Reported net income was −$165M in FY2025.
Key figures
Market cap $3.5B Mid · P/S ratio 0.97 · EPS (TTM) $−1.46 · Dividend yield 2.8% · Net margin −3.4% · Return on equity −4.6% · Return on assets (EBIT) 3.3% (5-year average) · Operating margin 5.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 17 out of 100 (medium confidence).
What moves the price
The share trades about 26% below its 52-week high and 38% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −26% fair-value upside, at −40%, HP screens richer than that median.
Fair Value models
Bear$4.82Fair Value $21.09Bull$48.15
Price $35.22 · Downside -40.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 4 officers or directors sold shares worth $6.9M and none bought.
SaleMichael LennoxEVP, WESTERN HEMISPHERE LAND3× since Jul 22, 2026: 20,000 shares, avg. $41.25$825,000Sep 1, 202610b5-1 plan
SaleHans HelmerichDirector2× since Dec 19, 2025: 169,470 shares, avg. $36.92$6.3MAug 20, 2026
SaleCara M. HairSVP, CORP. SERVICES & CLO3× since Mar 19, 2026: 98,265 shares, avg. $38.88$3.8MAug 17, 2026
SaleSara Marie MomperVP, CAO2× since Dec 3, 2025: 11,735 shares, avg. $36.28$425,758Aug 14, 2026
Plus 4 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+35.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.1%
Start year 2020 (pandemic). Over 10 years: +1.7% a year
Revenue growth 40 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.1%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−35.0% (2020) → 6.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+23.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+6.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +20.1% a year for the price and +3.8% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (97 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Automation deployments such as FlexRobotics with ExxonMobil provide efficiency and safety gains, yet the business suffers from weak profitability and limited evidence of durable advantages in a commoditized drilling market.
Main risk: Sharp swings in utilization driven by cyclical energy prices could reduce demand for drilling services and compress margins across the fleet.
Helmerich & Payne is expanding FlexRobotics deployments with ExxonMobil to nine systems to automate repetitive rig tasks and improve safety plus efficiency. This arrives with fourth-quarter direct margins expected near the high end of guidance across segments. Our models see it as overvalued in a cyclical drilling business where utilization swings dominate. Will the automation edge create durable advantages or mainly cushion typical industry volatility?
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas Drilling · 34 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score40 · Below median
Fair Value upside−40.1% · Below median
Profitability
Return on assets−2.5% · Below median
Net margin (12 months)−3.4% · Below median
Operating margin (12 months)5.1% · Below median
Growth and dividend
Revenue growth (quarter YoY)−0.6% · Below median
Dividend yield (12 months)2.8% · Above median
Balance sheet
Debt / equity0.76× · Above median
Valuation Multiplesvs Oil & Gas Drilling median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Helmerich and Payne Inc Fair Value". https://www.fairvalue-calculator.com/stock/HP
Frequently asked questions
Is Helmerich and Payne Inc (HP) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $21.09 versus a price of $35.22, about 40% lower (overvalued).
What is the fair value of HP?
Our model-based fair value for Helmerich and Payne Inc is $21.09 (as of Nov 8, 2026), built from audited fundamentals. The current price: $35.22.
What is the quality score of HP?
Helmerich and Payne Inc has a Quality Score of 40/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Helmerich and Payne Inc (HP)?
Our model-based price target is the fair value of $21.09 (as of Nov 8, 2026) from 13 valuation models. Cautious scenario $4.82, optimistic scenario $48.15. It is a calculation from audited fundamentals, not an analyst target.
What is the Helmerich and Payne Inc stock forecast for 2026?
Our models put fair value at $21.09, about 40% lower versus a price of $35.22 (overvalued). Cautious scenario $4.82, optimistic scenario $48.15. The calculation is refreshed regularly with new filings.
What is the revenue of Helmerich and Payne Inc (HP)?
Helmerich and Payne Inc reported trailing-twelve-month revenue of about $4.0B (latest available figure, as of Nov 8, 2026).
Does Helmerich and Payne Inc pay a dividend?
Helmerich and Payne Inc currently shows a dividend yield of 2.84% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Helmerich and Payne Inc (HP) and when is the ex-dividend date?
Helmerich and Payne Inc pays a dividend of $1.00 per share a year, a dividend yield of 2.8%. The next ex-dividend date is Nov 18, 2026, with payment on Dec 2, 2026. A dividend has been paid every year since at least 1986. Free cash flow covers the dividend 1.17 times. Our assessment: Cash covered. The dividend is fully funded by free cash flow. The payout ratio on earnings is not available for this company.
What growth is priced into Helmerich and Payne Inc (HP)?
For today's price to be fair in a discounted-cash-flow model, Helmerich and Payne Inc would have to grow free cash flow by +23.0 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +16.1 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of HP use?
Our models discount Helmerich and Payne Inc at 9.0 %: a base by market capitalisation (mid), damped by beta 0.69, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Helmerich and Payne Inc that is +23.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Helmerich and Payne Inc (HP) delivered so far?
Over the past 5 years revenue at Helmerich and Payne Inc grew +16.1 % a year. The price currently implies free-cash-flow growth of +23.0 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Helmerich and Payne Inc (HP) growing?
The median revenue growth in the sector is +14.1 % a year. That is the yardstick for the growth priced into Helmerich and Payne Inc (+23.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Helmerich and Payne Inc (HP)?
The free-cash-flow yield on the price is 3.31 %: that much free cash flow Helmerich and Payne Inc produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Helmerich and Payne Inc (HP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Helmerich and Payne Inc it is $21.09 per share (as of Nov 8, 2026), against a price of $35.22. It is the blended result of 13 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Helmerich and Payne Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, HP trades above its calculated fair value: price $35.22, fair value $21.09, a gap of about −40% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HP?
No. The price is what the market pays today ($35.22); the fair value is what the company's own numbers justify ($21.09). For Helmerich and Payne Inc the two are $14.13 per share apart. That gap is exactly why we show both numbers side by side.
How much is Helmerich and Payne Inc worth?
The market values Helmerich and Payne Inc at about $3.5B (market capitalisation, as of Nov 8, 2026). Per share that is $35.22; our models calculate a fair value of $21.09 per share.
What do the bullish and bearish scenarios say about HP?
Our models span a range for Helmerich and Payne Inc: cautious scenario $4.82, base $21.09, optimistic $48.15 per share (as of Nov 8, 2026, price $35.22). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of HP?
The PEG ratio of Helmerich and Payne Inc is 5.78 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Helmerich and Payne Inc (HP)?
Balance-sheet figures for Helmerich and Payne Inc (as of Nov 8, 2026): return on equity −4.6%, debt of 0.76 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is HP from its 52-week high?
Helmerich and Payne Inc trades at $35.22, about 26% below its 52-week high of $47.64 and 38% above the low of $25.45 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $21.09 is for.
Which stocks are comparable to Helmerich and Payne Inc?
From the same area (Energy) we also value Noble Corporation, Transocean Ltd, Valaris Limited, Sinopec Oilfield Service Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Helmerich and Payne Inc stock attractive at the current price?
The data as of Nov 8, 2026: price $35.22, calculated fair value $21.09 (−40%), Quality Score 40/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HP calculated?
We run Helmerich and Payne Inc through 13 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of $21.09 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Helmerich and Payne Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Helmerich and Payne Inc (HP)?
The closing price on Nov 6, 2026 was $35.22. Our model-based fair value is $21.09, about 40% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Helmerich and Payne Inc right now?
Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide ($4.82 to $48.15). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Where does the earnings growth of Helmerich and Payne Inc (HP) come from?
Earnings per share at Helmerich and Payne Inc grew −3.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share −1.4 %, EBIT margin −3.6 %, tax rate +1.4 %, residual (interest, one-offs) +0.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Helmerich and Payne Inc
How large is the market capitalisation of Helmerich and Payne Inc (HP)?
The market capitalisation of Helmerich and Payne Inc is $3.5B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Helmerich and Payne Inc (HP)?
The price-to-sales ratio of Helmerich and Payne Inc is 0.97 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Helmerich and Payne Inc (HP)?
Earnings per share at Helmerich and Payne Inc are $−1.46. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Helmerich and Payne Inc (HP)?
The dividend yield of Helmerich and Payne Inc is 2.8%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Helmerich and Payne Inc (HP)?
The net margin of Helmerich and Payne Inc is −3.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Helmerich and Payne Inc (HP)?
The return on equity (ROE) of Helmerich and Payne Inc is −4.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Helmerich and Payne Inc (HP)?
On an EBIT basis the return on assets of Helmerich and Payne Inc is 3.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Helmerich and Payne Inc (HP)?
The operating margin of Helmerich and Payne Inc is 5.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Helmerich and Payne Inc (HP)?
Revenue at Helmerich and Payne Inc is growing −0.6% versus a year earlier (3y avg +22.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Helmerich and Payne Inc (HP)?
Earnings per share at Helmerich and Payne Inc are growing −98.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Helmerich and Payne Inc (HP) carry?
The net debt of Helmerich and Payne Inc is $2.1B (fiscal year 2025, ≈ 18.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 8, 2026