HAL · Intrinsic value
Is Halliburton Company (HAL) overvalued or undervalued?
Halliburton Company (HAL) trades at the delayed market price of $33.59 a share. That price already implies revenue growth of 4.1% a year for 5 years. TickerWorth's fair value is $32.51 a share (priced within our range of $20.47 – $42.32). We do not call it over- or undervalued from inside our range.
Model by Miraaj Patel · generated from SEC filings and market data · Updated Oct 20, 2026 · How these pages are made
Is HAL fairly valued?
- Fair value
- $32.51
- Market price
- $33.59
- Downside to fair value
- 3.2%
- Verdict
- Priced within our range of $20.47 – $42.32
Reverse DCF: Today's price implies revenue growth of 4.1% a year for 5 years; our model assumes 2.6% a year on average over the same horizon.
What is HAL's TickerWorth Score?
Scores lower than most companies we compare it with
Compared with Energy companies in US
Its strongest point: strong balance sheet. Its weakest: profitability is weak.
- Value · 50 of 100
Cheaper than 50% of Energy companies in US
- Price vs worth · 47 of 100
- Quality · 28 of 100
More profitable than 28% of Energy companies in US
- Financial health · 56 of 100
Financially stronger than 56% of Energy companies in US
- Growth · 39 of 100
Growing faster than 39% of Energy companies in US
- Momentum · 21 of 100
Outperformed 21% of Energy companies in US over the past year
Confidence: High confidence · Scored
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HAL DCF valuation, input by input
TickerWorth's fair value for Halliburton Company (HAL) is $32.51 a share, against the delayed market price of $33.59 (priced within our range of $20.47 – $42.32). We do not call it over- or undervalued from inside our range. It is a model estimate, and every input behind it is sourced below. This is an educational model, not a price target or a recommendation.
Read the full reasoning
One of the lenses behind that blended figure is a discounted-cash-flow model, which on its own values HAL at about $30.23 per share. The rest of this page walks through that DCF — its assumptions, reverse-DCF and discount-rate sensitivity — because it is the auditable anchor of the blend.
The valuation discounts Halliburton Company's projected free cash flows at a weighted-average cost of capital (WACC) of 8.3%, with a long-run terminal growth rate of 2.5%. About 77% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — the market is implying roughly 4.1% annual revenue growth for HAL. Our base case instead compounds to about 2.6% a year over the same forecast, so the market's implied growth is broadly in line with our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, HAL's modeled DCF value ranges from about $20.11 to $55.56 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what Halliburton Company would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of HAL's intrinsic value. Figures update as new filings and prices come in.
Every input behind HAL's DCF
| Input | Value |
|---|---|
| Base-year revenueHALLIBURTON COMPANY FY2025 10-K (accession 0000045012-26-000015): us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax, FY2025 full year. | $22,184,000,000 |
| Base EBIT marginHALLIBURTON COMPANY FY2025 10-K (accession 0000045012-26-000015): us-gaap:OperatingIncomeLoss 2,260,000,000 / revenue 22,184,000,000 = 10.19%, FY2025. | 10.2% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 1% → 2% → 3% → 3% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 5.1% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 0.84 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesHALLIBURTON COMPANY FY2025 10-K (accession 0000045012-26-000015): WeightedAverageNumberOfDilutedSharesOutstanding = 853,000,000 shares, FY2025. | 853M |
| Market priceBackup price feed · as of 2026-10-20 23:01 UTC | $33.59 |
Change HAL's assumptions
The discount-rate dial and the editable model
ProChange growth, margin and WACC yourself — Pro (7-day free trial, card required).
What does Halliburton Company do?
What does it do?
Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. It operates in the Oil & Gas Equipment & Services industry (Energy sector), headquartered in United States. The company employs roughly 46,000 people.
How does it make money?
The business turns $22.2B in annual revenue into profit. Out of every $100 of sales, about $13 is left as operating profit (operating margin of 12.8%), after a 15% gross margin on the products/services it sells. After all costs, taxes and interest, 7.2% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks mixed: carries modest debt (0.7× equity), comfortably covers its short-term bills (2.0× current ratio), and is currently profitable.
Who at HAL filed insider trades?
| Date | Insider | Relationship | What happened | Value | Filing |
|---|---|---|---|---|---|
| Carre Eric | EVP & Chief Financial Officer | Open-market sale | $929,137.50 | Form 4 for Carre Eric (opens sec.gov in a new tab) | |
| Slocum Jeffrey Shannon | Director, Director, EVP and COO | Open-market sale | $1,844,751.48 | Form 4 for Slocum Jeffrey Shannon (opens sec.gov in a new tab) | |
| Slocum Jeffrey Shannon | Director, Director, EVP and COO | Open-market sale | $565,573.04 | Form 4 for Slocum Jeffrey Shannon (opens sec.gov in a new tab) | |
| Miller Jeffrey Allen | Director, Director, President & CEO | Open-market sale | $4,356,905.00 | Form 4 for Miller Jeffrey Allen (opens sec.gov in a new tab) | |
| Carre Eric | EVP & Chief Financial Officer | Open-market sale | $889,282.42 | Form 4 for Carre Eric (opens sec.gov in a new tab) | |
| Beckwith Van H. | EVP, Secretary and CLO | Open-market sale | $8,189,830.21 | Form 4 for Beckwith Van H. (opens sec.gov in a new tab) |
A disclosure, not a signal to trade. Source: SEC EDGAR (Form 4). Older filings and the 90-day buying-and-selling read are part of Pro. See plans
Common questions
What is HAL's intrinsic value?
TickerWorth's blended fair value for Halliburton Company (HAL) is $32.51 per share, versus a market price of $33.59 (priced within our range of $20.47 – $42.32).
Is HAL overvalued or undervalued?
Priced within our range of $20.47 – $42.32 at $33.59. We don't call HAL overvalued or undervalued from a range. This is an educational estimate, not advice.
What discount rate is used for HAL?
A WACC of 8.3% and a terminal growth rate of 2.5%.
Is Halliburton stock undervalued?
TickerWorth's fair value for Halliburton Company (HAL) is $32.51 against a market price of $33.59. Our read: Priced within our range of $20.47 – $42.32. This is a model estimate, not investment advice.
Halliburton (HAL) DCF valuation and fair value
Our fair value for Halliburton Company (HAL) is $32.51, built on a 8.3% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into Halliburton stock?
Today's price implies revenue growth of 4.1% a year for 5 years; our model assumes 2.6% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $33.59. A model estimate, not investment advice.
Halliburton (HAL) insider trading
The most recent insider filing (SEC Form 4) for Halliburton Company (HAL): Carre Eric, EVP & Chief Financial Officer, open-market sale on 2026-08-31. The latest filings are listed on this page. A disclosure, not a signal to trade.
Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.
Save this valuation
HAL goes on your watchlist, where its valuation is re-run as new filings land — so you read the current number, not the one from today.