Halliburton Company (HAL) Fair Value 2026

HAL · Oil & Gas Equipment & Services ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

8.3 /10

32 fundamental signals · 12 models active

Value Trap Risk

SAFE (8/100)

Quick Summary — As of 2026-08-27, Halliburton Company (HAL) trades at $35.49, versus a $32.10 median fair value across its 12 active models — 9.5% below the current price. QOC: 8.3/10. Value Trap Risk: 8/100 (SAFE). 12/13 models active. Within that set, the Bayesian DCF component alone returns $43.60.

Key Facts

Ticker
HAL
Price
$35.49
Quality Score
8.3/10
Value Trap Risk
8/100
Models Active
12/13
Last Updated
Strength: First Chicago suggests +268.7% upside with 58% confidence
Risk: Limited model coverage (12/13) may reduce confidence

Is Halliburton Company (HAL) Undervalued or Overvalued in 2026?

According to CirclFi’s 12-model valuation engine, Halliburton Company (HAL) appears fairly valued as of : the median of 12 independent fair value estimates is $32.10, within 9.5% of the current price of $35.49. Estimates range from $14.86 to $130.84. HAL scores 8.3/10 on fundamental quality and 8/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.7% versus its own 13-model consensus, across 3,801 rated companies as of 2026-08-27. HAL’s -9.5% gap is narrower than that market norm, and the Oil & Gas Equipment & Services sector median is -15.7%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Halliburton Company Stock in 2026? →

What Fair Value Does Each Model Give HAL?

12 Intrinsic Value Models vs. Current Price ($35.49)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $43.60 +22.9%
Intrinsic · High Conviction
 $14.86 -58.1%
Ensemble · Low Conviction
 $34.76 -2.1%
Scenario · High Conviction
 $130.84 +268.7%
Unlock the Full Matrix

Access 8 additional models including EROIC Spread, Markov DDM, and more.

$1.30 / day

Billed monthly ($39/mo) or annually ($299/yr)

Unlock All 12 Models →

Cancel anytime · No contracts · Instant access

What Is HAL's Fair Value Range?

Spread across 12 independent models · $14.86 to $130.84

CirclFi's 12 active models place Halliburton Company (HAL) between $14.86 and $130.84 per share, a spread of 361% of the median. The median of that range — $32.10 — is the fair value CirclFi publishes for HAL, against a current price of $35.49.

Low · EPVHigh · First Chicago
$14.86median $32.10$130.84
Where the range comes from
Most bearish modelEarnings Power Value (EPV)$14.86
Most bullish modelFirst Chicago$130.84
Model agreement5 bullish · 6 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for HAL. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on HAL, not a CirclFi price target. How each model works →

What Is Halliburton Company (HAL) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, Halliburton Company's intrinsic value is estimated at a median $32.10, showing conflicting signals at the current price of $35.49. While the median implied return is -9.5%, model disagreement is elevated with a gap of +326.8% between the most bullish and bearish estimates. The most optimistic model, First Chicago, places fair value at $130.84 (+268.7%), while EPV — the most conservative — estimates $14.86 (-58.1%). This +326.8% gap reflects genuine analytical uncertainty about Halliburton Company's intrinsic worth. Among models with highest confidence, EPV lean bearish — adding weight to the bearish side of the thesis.

What Do the Models Say About HAL?

12 of 13 models are currently active for HAL. Of these, 5 models suggest upside while 7 models suggest overvaluation. Taken together, their median fair value for HAL is $32.10 — the figure CirclFi publishes as this stock's fair value. One component of that median, the Bayesian DCF, returns $43.60 on its own, implying +22.9% upside from the current price. See which stocks rank higher →

How Does HAL Rank in Oil & Gas Equipment & Services?

Among 52 Oil & Gas Equipment & Services stocks, HAL ranks #12 by Quality of Company score. CirclFi's QOC score of 8.3/10 evaluates 32 fundamental signals. A score of 8.3 places HAL in the top tier.

Within the Oil & Gas Equipment & Services space, Halliburton Company competes in an environment where debt-to-EBITDAX often separates market leaders from laggards. Understanding these industry-specific dynamics is essential context for interpreting our model outputs.

Is HAL a Value Trap?

CirclFi's Value Trap algorithm assigns HAL a score of 8/100 (SAFE). This indicates minimal risk. Fundamentals are healthy. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

12 of 13 models are active for Halliburton Company. Broad coverage provides high confidence. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi 32-factor quality framework, Halliburton Company's fundamental quality profile registers 8.3/10. This robust score captures the company's profitability depth, growth consistency, balance sheet resilience, and shareholder return track record.

The gap between the most bullish and bearish model spans +326.8% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every HAL valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across HAL's 12 active models, average confidence is 51%. Moderate confidence indicates reasonable fit.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Halliburton Company Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Oil & Gas Equipment & Services Stocks Should You Also Analyze?

11 related Oil & Gas Equipment & Services stocks with 13-model coverage

NCSMNCS Multistage Holdings, Inc.QOC 8.4RNGRRanger Energy Services, Inc.QOC 8.3XPROExpro LtdQOC 8.4NGSNatural Gas Services Group, Inc.QOC 8.3NESRNational Energy Services Reunited Corp.QOC 8.4RESRPC, Inc.QOC 8.3CLBCore Laboratories Inc.QOC 7.8AESIAtlas Energy Solutions Inc.QOC 6.1LSELeishen Energy Holding Co., Ltd.QOC 2.7WHDCactus, Inc.QOC 9.2FTITechnipFMC plcQOC 8.9

Read investment analysis: NCSM · RNGR · XPRO · NGS · NESR · RES · CLB · AESI · LSE · WHD · FTI

Which Other Stocks Have a Similar Quality Score to HAL?

7 companies across all industries closest to HAL’s Quality of Company score of 8.3/10.

MFGMizuho Financial Group, Inc.QOC 8.3UDRUDR, Inc.QOC 8.3TBBKThe Bancorp, Inc.QOC 8.3IQVIQVIA Holdings Inc.QOC 8.3RSIRush Street Interactive, Inc.QOC 8.3WTRGEssential Utilities, Inc.QOC 8.3NVDANVIDIA CorporationQOC 10.0

Read investment analysis: MFG · UDR · TBBK · IQV · RSI · WTRG · NVDA

What Else Do Investors Ask About Halliburton Company’s Valuation?

What is Halliburton Company's intrinsic value in 2026?

CirclFi puts Halliburton Company (HAL)'s intrinsic value at $32.10 — the median of 12 independent model estimates as of 2026-08-27, ranging from $14.86 to $130.84. One component of that median, the Bayesian DCF, runs 10,000 Monte Carlo simulations with jump-diffusion and returns $43.60 on its own. The Quality of Company score is 8.3/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is HAL overvalued or undervalued right now?

At $35.49, 5 of 12 active models suggest HAL may be undervalued, while 7 indicate potential overvaluation. The median of all 12 fair value estimates is $32.10, within 9.5% of the current price of $35.49 — a consensus view that HAL is fairly valued. The assessment depends on which methodology best fits Halliburton Company's business model in Oil & Gas Equipment & Services.

What does a Quality of Company score of 8.3 mean for HAL?

Halliburton Company's QOC of 8.3/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores above 7 indicate strong fundamentals and disciplined management.

How many valuation models does CirclFi run on HAL?

CirclFi analyzes HAL with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 12 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on HAL?

Of the 12 models currently active on HAL, First Chicago is the most bullish at $130.84 per share, and Earnings Power Value (EPV) is the most bearish at $14.86. CirclFi's published fair value for HAL is the median of that range, $32.10, not either extreme. The gap between the two ends equals 361% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is HAL a value trap in 2026?

Halliburton Company's Value Trap score is 8/100 (SAFE). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 12-model valuation engine, Halliburton Company (HAL) has a median fair value of $32.10 — within 9.5% of the current price of $35.49 — as of 2026-08-27.” Source: circlfi.com/stock/HAL/ · Methodology
Primary sources for this HAL valuation
  • Financial statements: Halliburton Company 10-K and 10-Q filings on SEC EDGAR (CIK 0000045012) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for HAL as of ; valuations recomputed .

You’ve done the research. Don’t stop at half the picture.

Stop collecting opinions. Let 12 mathematical frameworks give you clarity on HAL.

Unlock All 12 Fair Values — $39/mo

Cancel anytime · Less than a cup of coffee · Instant access

8 models hidden for HAL Unlock All 12 — $39/mo