Baker Hughes Co (BKR) fair value: what the stock is really worth
As of Nov 4, 2026: fair value (intrinsic value) of Baker Hughes Co stock $32.37, price $49.87, that is 35.1% below the price, quality 60 out of 100. Rating: strongly overvalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
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 4, 2026.
How to read this chart
60‑month range $18.00 – $69.18 · fair‑value band $23.41 – $41.32 · the $49.87 price screens above the $32.37 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
Follow Baker Hughes Co in your weekly email
Every Wednesday you see whether Baker Hughes Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain.
Show moreShow less
Its Oilfield Services & Equipment segment designs and manufactures exploration, appraisal, development, production, rejuvenation, and decommissioning products and related services for onshore and offshore oilfield operations.
This segment also provides drilling services, drill bits, and drilling and completions fluids; completions, intervention, measurements, pressure pumping, and wireline services; artificial lift systems, and oilfield and industrial chemicals; subsea projects and services, flexible pipe systems, and surface pressure control systems; and integrated well services and solutions.
It serves oil and natural gas companies; the United States and international independent oil and natural gas companies; national or state-owned oil companies; engineering, procurement, and construction contractors; geothermal companies; and other oilfield service companies.
The company's Industrial & Energy Technology segment offers gas technology equipment, such as drivers, driven equipment, and turnkey solutions for the mechanical and electric-drive, compression, and power-generation applications; aftermarket support and uptime gas technology services; non-destructive testing technologies, software, and services; pre-commissioning and maintenance services; flow control and safety solutions; mechanical and electromechanical gear transmission systems; Cordant, a software solution to optimize assets, processes, and energy use; Bently Nevada, a sensing and protection hardware for rack-based vibrating monitoring equipment and sensors; and climate technology solutions.
It serves industrial, upstream, midstream, downstream, onshore, offshore, and small-to-large scale customers. The company was formerly known as Baker Hughes, a GE company and changed its name to Baker Hughes Company in October 2019. The company was incorporated in 2016 and is based in Houston, Texas.
Stock analysis
Baker Hughes Co (BKR) currently trades at $49.87, while our model-based Fair Value estimate is $32.37, 35% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of $35.66 per share, and 0 of the 25 models we run sit above the $49.87 price.
Bear case: the Asset-Based group reads lowest at $5.85, and 25 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: $23.41 (bear) to $41.32 (bull), the price of $49.87 sits above 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 60/100 (solid quality), in the Energy sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Baker Hughes Co reported revenue of $27.7B in FY2025 versus $20.5B in FY2021, a compound +7.8%/yr. Reported net income was $2.6B in FY2025.
Key figures
Market cap $49.5B Large · P/E ratio 17.1 · P/S ratio 1.72 · EPS (TTM) $2.91 · Dividend yield 1.8% · Net margin 10.1% · Return on equity 15.1% · Return on assets (EBIT) 6.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (medium confidence).
What moves the price
The share trades about 28% below its 52-week high and 13% 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 −35%, BKR screens richer than that median.
Fair Value models
Bear$23.41Fair Value $32.37Bull$41.32
Price $49.87 · Downside -35.1%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($1.68 per share) are deliberately not added.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, 5 officers or directors sold shares worth $28.7M and none bought.
SaleMaria C BorrasChief Growth & Experience Ofcr3× since Feb 9, 2026: 187,060 shares, avg. $56.04$10.5MJul 1, 202610b5-1 plan
SaleLorenzo SimonelliChairman, President and CEO, Director4× since Mar 4, 2026: 908,009 shares, avg. $60.33$54.8MJun 22, 202610b5-1 plan
SaleAhmed Farhan MoghalEVP, Chief Financial Officer2× since Feb 12, 2026: 41,494 shares, avg. $61.86$2.6MJun 15, 202610b5-1 plan
SaleRebecca L CharltonSVP, Controller & CAO3× since Nov 13, 2025: 8,194 shares, avg. $60.80$498,171Jun 3, 202610b5-1 plan
SaleJames E ApostolidesChief Infra & Performance Ofcr2× since Feb 10, 2026: 38,085 shares, avg. $61.89$2.4MMay 19, 202610b5-1 plan
SaleMaria Georgia MagnoChief Legal Officer2× since Feb 9, 2026: 24,213 shares, avg. $59.10$1.4MMar 11, 202610b5-1 plan
SaleWilliam G BeattieDirector18,023 shares at $57.29$1.0MFeb 3, 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.75/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.3%
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.
+9.4%
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.
+6.0%
Start year 2020 (pandemic). Over 10 years: +5.2% a year
Revenue growth 11 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.
+3.4%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+64.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+62.5%
Dividend (yield on the price)1.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.62.5% vs 0.7%, picking up
Profit margin 2020 to 2025 ⓘ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.3% → 13%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 3.6%/yr over ~9Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what 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).
+8.5%
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.
+8.3%
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 +6.0% a year for the price and +5.8% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (100 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.Positive
Recent news coverage is more positive than average.
AI conclusion: The business benefits from scale and cash generation in oil services but is held back by limited durable advantages in a competitive cyclical sector.
Main risk: Geopolitical and operational hurdles tied to the Venezuela natural gas projects could disrupt expansion across the energy value chain and hit project revenues.
Baker Hughes recently signed agreements to develop natural gas infrastructure and potential LNG exports in Venezuela. Our models see the stock as overvalued even as these moves broaden its exposure across the energy value chain. Will the company extract more upside from these integrated projects than it encounters in operational and geopolitical hurdles?
Price, fair value, quality and upside side by side.
Free, no sign-up
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 Equipment & Services · 167 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside−35.1% · Bottom 25%
Profitability
Return on equity (12 months)15.1% · Top 25%
Return on assets6.3% · Above median
Net margin (12 months)10.1% · Above median
Operating margin (12 months)11.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)14.5% · Above median
Dividend yield (12 months)1.8% · Below median
Balance sheet
Debt / equity0.29× · Above median
Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper
P/E (12 months)17.1× · Cheaper than median
P/B2.63× · Priciest 25%
P/S (12 months)1.72× · Pricier than median
Price / free cash flow19.5× · Pricier than median
EV/EBITDA10.3× · Pricier than median
PEG1.55× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 22
FUTURE (revenue growth)73· sector 34
PAST (return on equity)60· sector 25
HEALTH (low debt)86· sector 91
DIVIDEND (yield)37· sector 44
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Baker Hughes Co Fair Value". https://www.fairvalue-calculator.com/stock/BKR
Frequently asked questions
Is Baker Hughes Co (BKR) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of $32.37 versus a price of $49.87, about 35% lower (overvalued).
What is the fair value of BKR?
Our model-based fair value for Baker Hughes Co is $32.37 (as of Nov 4, 2026), built from audited fundamentals. The current price: $49.87.
What is the quality score of BKR?
Baker Hughes Co has a Quality Score of 60/100. 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 Baker Hughes Co (BKR)?
Our model-based price target is the fair value of $32.37 (as of Nov 4, 2026) from 25 valuation models. Cautious scenario $23.41, optimistic scenario $41.32. It is a calculation from audited fundamentals, not an analyst target.
What is the Baker Hughes Co stock forecast for 2026?
Our models put fair value at $32.37, about 35% lower versus a price of $49.87 (overvalued). Cautious scenario $23.41, optimistic scenario $41.32. The calculation is refreshed regularly with new filings.
What is the revenue of Baker Hughes Co (BKR)?
Baker Hughes Co reported trailing-twelve-month revenue of about $28.7B (latest available figure, as of Nov 4, 2026).
Does Baker Hughes Co pay a dividend?
Baker Hughes Co currently shows a dividend yield of 1.84% relative to its recent price (as of Nov 4, 2026).
What growth is priced into Baker Hughes Co (BKR)?
For today's price to be fair in a discounted-cash-flow model, Baker Hughes Co would have to grow free cash flow by +8.5 % per year for five years (discount rate 9.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.0 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of BKR use?
Our models discount Baker Hughes Co at 9.3 %: a base by market capitalisation (large), damped by beta 1.04, 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 Baker Hughes Co that is +8.5 % per year a year over ten years, using the same discount rate (9.3 %) and the same formula as our fair value.
How much growth has Baker Hughes Co (BKR) delivered so far?
Over the past 5 years revenue at Baker Hughes Co grew +6.0 % a year. The price currently implies +8.5 % per year free-cash-flow growth a 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 Baker Hughes Co (BKR) growing?
The median revenue growth in the sector is +14.1 % a year. That is the yardstick for the growth priced into Baker Hughes Co (+8.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Baker Hughes Co (BKR)?
The free-cash-flow yield on the price is 5.11 %: that much free cash flow Baker Hughes Co produces per unit of market value. When it exceeds the discount rate of our models (9.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Baker Hughes Co (BKR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Baker Hughes Co it is $32.37 per share (as of Nov 4, 2026), against a price of $49.87. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Baker Hughes Co stock overvalued or undervalued in 2026?
As of Nov 4, 2026, BKR trades above its calculated fair value: price $49.87, fair value $32.37, a gap of about −35% (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 BKR?
No. The price is what the market pays today ($49.87); the fair value is what the company's own numbers justify ($32.37). For Baker Hughes Co the two are $17.50 per share apart. That gap is exactly why we show both numbers side by side.
How much is Baker Hughes Co worth?
The market values Baker Hughes Co at about $49.5B (market capitalisation, as of Nov 4, 2026). Per share that is $49.87; our models calculate a fair value of $32.37 per share.
What do the bullish and bearish scenarios say about BKR?
Our models span a range for Baker Hughes Co: cautious scenario $23.41, base $32.37, optimistic $41.32 per share (as of Nov 4, 2026, price $49.87). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BKR?
Baker Hughes Co trades at a price-to-earnings ratio of 17.1 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $32.37 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 32.8. Other multiples: PEG 1.6, P/B 2.6, P/S 1.7, EV/EBITDA 10.3.
What is the PEG ratio of BKR?
The PEG ratio of Baker Hughes Co is 1.55 (P/E divided by earnings growth, as of Nov 4, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Baker Hughes Co (BKR)?
Balance-sheet figures for Baker Hughes Co (as of Nov 4, 2026): return on equity 15.1%, debt of 0.29 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is BKR from its 52-week high?
Baker Hughes Co trades at $49.87, about 28% below its 52-week high of $69.18 and 13% above the low of $43.99 (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of $32.37 is for.
Which stocks are comparable to Baker Hughes Co?
From the same area (Energy) we also value SLB N.V, Tenaris S.A, Halliburton Company, TechnipFMC plc, 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 Baker Hughes Co stock attractive at the current price?
The data as of Nov 4, 2026: price $49.87, calculated fair value $32.37 (−35%), Quality Score 60/100, from 25 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 BKR calculated?
We run Baker Hughes Co through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $32.37, 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 15.6% above its aggregate fair value. Baker Hughes Co 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 Baker Hughes Co (BKR)?
The closing price on Nov 4, 2026 was $49.87. Our model-based fair value is $32.37, about 35% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Baker Hughes Co right now?
The price sits above even our optimistic bull case ($41.32). The favourable scenario is already priced in. Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Baker Hughes Co (BKR) come from?
Earnings per share at Baker Hughes Co grew +0.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share −3.7 %, EBIT margin +2.5 %, tax rate +3.3 %, residual (interest, one-offs) −1.7 %. 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 Baker Hughes Co
How large is the market capitalisation of Baker Hughes Co (BKR)?
The market capitalisation of Baker Hughes Co is $49.5B. 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 Baker Hughes Co (BKR)?
The price-to-sales ratio of Baker Hughes Co is 1.72 (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 Baker Hughes Co (BKR)?
Earnings per share at Baker Hughes Co are $2.91 (price ÷ EPS = P/E 17.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Baker Hughes Co (BKR)?
The dividend yield of Baker Hughes Co is 1.8% (payout 31.6%). 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 Baker Hughes Co (BKR)?
The net margin of Baker Hughes Co is 10.1% (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 Baker Hughes Co (BKR)?
The return on equity (ROE) of Baker Hughes Co is 15.1% (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 Baker Hughes Co (BKR)?
On an EBIT basis the return on assets of Baker Hughes Co is 6.6% (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 Baker Hughes Co (BKR)?
The operating margin of Baker Hughes Co is 11.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Baker Hughes Co (BKR)?
Revenue at Baker Hughes Co is growing +14.5% versus a year earlier (3y avg +9.4%). 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 Baker Hughes Co (BKR)?
Earnings per share at Baker Hughes Co are growing −32.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Baker Hughes Co (BKR) carry?
The net debt of Baker Hughes Co is $3.4B (fiscal year 2025, ≈ 1.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Baker Hughes Co in the live analysis
One click puts Baker Hughes Co on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 4, 2026