White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.
Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation.
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Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, liner hanger systems, sand control systems, multilateral systems, and service tools. This segment also provides electrical submersible pumps, as well as artificial lift services; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning; and specialty chemicals and services. The Drilling and Evaluation segment offers drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services; drilling systems and services; wireline and perforating services consisting of open-hole logging, and cased-hole and slickline; and drill bits and services comprising roller cone bits, fixed cutter bits, hole enlargement, and related downhole tools and services, as well as coring equipment and services. This segment also provides cloud based digital services and artificial intelligence solutions on an open architecture for subsurface insights, integrated well construction, and reservoir and production management; testing and subsea services, such as acquisition and analysis of reservoir information and optimization solutions; and project management and integrated asset management services. Halliburton Company was founded in 1919 and is based in Houston, Texas.
Halliburton Company (HALI34) currently trades at R$166.40, while our model-based Fair Value estimate is R$92.03, 44.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of R$134.27 per share, and 0 of the 24 models we run sit above the R$166.40 price.
Bear case: the Dividend Discount group reads lowest at R$36.38, and 24 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: R$59.66 (bear) to R$128.43 (bull), the price of R$166.40 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 59/100 (solid quality), in the Energy sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Halliburton Company reported revenue of $22.2B in FY2025 versus $20.3B in FY2022, a compound +3.0%/yr. Reported net income was $1.3B in FY2025, compounding −6.5%/yr from FY2022.
Key figures
Market cap R$152B (≈ $29.1B) · P/E ratio 17.8 · P/S ratio 1.03 · EPS (TTM) R$9.37 · Dividend yield 0.4% · Net margin 5.8% · Return on equity 14.6% · Return on assets (EBIT) 13.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 40% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −23% fair-value upside, at −45%, HALI34 screens richer than that median.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (R$6.57 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.
Evidence ⓘEvidence = 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.
Highest evidence
FCF DCF
R$87.51
R$134.02
R$220.17
75
Growth DCF
R$93.02
R$138.17
R$215.39
74
Residual Income
R$61.43
R$70.64
R$87.29
73
All 24 models by family
DCF Models
FCF DCF
R$87.51
R$134.02
R$220.17
75
Owner Earnings
R$56.71
R$91.13
R$154.88
71
5Y Revenue Exit
R$80.33
R$131.49
R$205.85
68
5Y EBITDA Exit
R$64.93
R$104.83
R$157.71
71
5Y P/E Exit
R$58.97
R$94.52
R$137.20
67
10Y Revenue Exit
R$79.16
R$117.57
R$158.76
64
10Y EBITDA Exit
R$72.87
R$101.08
R$130.49
66
10Y P/E Exit
R$69.26
R$94.71
R$118.46
62
Earnings-Based
Graham-Dodd
R$54.54
R$66.66
R$74.99
65
EPV
R$75.34
R$93.06
R$108.56
71
Dividend Discount
Gordon GGM
R$33.23
R$36.38
R$41.16
67
DDM Multi-Stage
R$33.23
R$41.70
R$53.56
65
Multiples
P/E Multiple
R$84.21
R$112.29
R$140.36
63
P/S Multiple
R$102.26
R$136.35
R$170.43
58
P/B Multiple
R$88.28
R$117.71
R$147.14
55
EV/EBIT
R$75.00
R$110.32
R$145.64
65
EV/EBITDA
R$64.58
R$96.42
R$128.26
66
EV/Revenue
R$85.53
R$135.46
R$185.38
53
Asset-Based
NCAV (Graham)
R$32.70
R$43.81
R$65.39
54
Growth DCF
Growth DCF
R$93.02
R$138.17
R$215.39
74
Rev-Margin DCF
R$80.33
R$134.27
R$200.42
69
Economic Profit
Residual Income
R$61.43
R$70.64
R$87.29
73
ROIC Compounder
R$75.34
R$96.36
R$119.40
69
Growth Earnings
Growth-Adj P/E
R$60.59
R$86.56
R$112.52
65
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Is Halliburton Company (HALI34) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of R$92.03 versus a price of R$166.40, about −45% upside (overvalued).
What is the fair value of HALI34?
Our model-based fair value for Halliburton Company is R$92.03 (as of Sep 29, 2026), built from audited fundamentals. The current price: R$166.40.
What is the quality score of HALI34?
Halliburton Company has a Quality Score of 59/100. 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 Halliburton Company (HALI34)?
Our model-based price target is the fair value of R$92.03 (as of Sep 29, 2026) from 24 valuation models. Cautious scenario R$59.66, optimistic scenario R$128.43. It is a calculation from audited fundamentals, not an analyst target.
What is the Halliburton Company stock forecast for 2026?
Our models put fair value at R$92.03, about −45% upside versus a price of R$166.40 (overvalued). Cautious scenario R$59.66, optimistic scenario R$128.43. The calculation is refreshed regularly with new filings.
What is the revenue of Halliburton Company (HALI34)?
Halliburton Company reported trailing-twelve-month revenue of about $22.2B (latest available figure, as of Sep 29, 2026).
Does Halliburton Company pay a dividend?
Halliburton Company currently shows a dividend yield of about 0.41% relative to its recent price (as of Sep 29, 2026).
What growth is priced into Halliburton Company (HALI34)?
For today's price to be fair in a discounted-cash-flow model, Halliburton Company would have to grow free cash flow by +12.8 % per year for five years (discount rate 11.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +3.0 % per year. As of Sep 29, 2026.
What discount rate (WACC) does the fair value of HALI34 use?
Our models discount Halliburton Company at 11.4 %: a base by market capitalisation (large), damped by beta 0.73, country premium for Brazil. 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 Halliburton Company that is +12.8 % per year a year over ten years, using the same discount rate (11.4 %) and the same formula as our fair value.
How much growth has Halliburton Company (HALI34) delivered so far?
Over the past 3 years revenue at Halliburton Company grew +3.0 % a year. The price currently implies +12.8 % 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 Halliburton Company (HALI34) growing?
The median revenue growth in the sector is +9.6 % a year. That is the yardstick for the growth priced into Halliburton Company (+12.8 % 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 Halliburton Company (HALI34)?
The free-cash-flow yield on the price is 6.28 %: that much free cash flow Halliburton Company produces per unit of market value. When it exceeds the discount rate of our models (11.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Halliburton Company (HALI34)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Halliburton Company it is R$92.03 per share (as of Sep 29, 2026), against a price of R$166.40. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Halliburton Company stock overvalued or undervalued in 2026?
As of Sep 29, 2026, HALI34 trades above its calculated fair value: price R$166.40, fair value R$92.03, a gap of about −45% (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 HALI34?
No. The price is what the market pays today (R$166.40); the fair value is what the company's own numbers justify (R$92.03). For Halliburton Company the two are R$74.37 per share apart. That gap is exactly why we show both numbers side by side.
How much is Halliburton Company worth?
The market values Halliburton Company at about R$152B (market capitalisation, as of Sep 29, 2026). Per share that is R$166.40; our models calculate a fair value of R$92.03 per share.
What do the bullish and bearish scenarios say about HALI34?
Our models span a range for Halliburton Company: cautious scenario R$59.66, base R$92.03, optimistic R$128.43 per share (as of Sep 29, 2026, price R$166.40). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is HALI34 from its 52-week high?
Halliburton Company trades at R$166.40, about 24% below its 52-week high of R$218.34 and 40% above the low of R$118.55 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of R$92.03 is for.
Which stocks are comparable to Halliburton Company?
From the same area (Energy) we also value SLB N.V, Baker Hughes Company, TechnipFMC plc, Tenaris S.A, 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 Halliburton Company stock attractive at the current price?
The data as of Sep 29, 2026: price R$166.40, calculated fair value R$92.03 (−45%), Quality Score 59/100, from 24 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 HALI34 calculated?
We run Halliburton Company through 24 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 R$92.03, 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 14.5 % above its aggregate fair value. Halliburton Company 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 Halliburton Company (HALI34)?
The closing price on Oct 1, 2026 was R$166.40. Our model-based fair value is R$92.03, about −45% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Halliburton Company right now?
The price sits above even our optimistic bull case (R$128.43). The favourable scenario is already priced in. Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (R$59.66 to R$128.43) leaves room in how you read the outcome.
Key figures of Halliburton Company
How large is the market capitalisation of Halliburton Company (HALI34)?
The market capitalisation of Halliburton Company is R$152B (≈ $29.1B). 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/E ratio of Halliburton Company (HALI34)?
The price-to-earnings ratio of Halliburton Company is 17.8. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Halliburton Company (HALI34)?
The price-to-sales ratio of Halliburton Company is 1.03 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Halliburton Company (HALI34)?
Earnings per share at Halliburton Company are R$9.37 (price ÷ EPS = P/E 17.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Halliburton Company (HALI34)?
The dividend yield of Halliburton Company is 0.4% (payout 7.3%). 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 Halliburton Company (HALI34)?
The net margin of Halliburton Company is 5.8% (fiscal year 2025). 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 Halliburton Company (HALI34)?
The return on equity (ROE) of Halliburton Company is 14.6% (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 Halliburton Company (HALI34)?
On an EBIT basis the return on assets of Halliburton Company is 13.0% (avg 4y). 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 Halliburton Company (HALI34)?
The operating margin of Halliburton Company is 12.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Halliburton Company (HALI34)?
Revenue at Halliburton Company is growing −0.3% versus a year earlier (3y avg +3.0%). 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 Halliburton Company (HALI34)?
Earnings per share at Halliburton Company are growing +134% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Halliburton Company (HALI34) carry?
The net debt of Halliburton Company is $5.0B (fiscal year 2025, ≈ 3.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
