Halliburton price to free cash flow HAL
Market value divided by free cash flow over the last twelve months, since 2010.
- Today, Oct 23, 2026
- 16.9×
- 9-year median
- 19.0×
- Against its 9-year history
- 38th
- percentile: 0 is its lowest day, 100 its highest
- 9-year range
- 4.9× to 87.3×
- Peer median
- 15.0×
Halliburton's price to free cash flow is 16.9× as of Oct 23, 2026.
That is below its 9-year median of 19.0×, close to the middle of its last 9 years.
Over that time it ranged from 4.9× in Mar 2020 to 87.3× in Jul 2019.
The median for 8 oilfield services stocks of a similar size is 15.0×.
Price to free cash flow over time
The dashed line is the 9-year median and the shaded band the middle half of its days.
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2026 so far | 16.9× | 13.3× | 20.8× |
| 2025 | 12.6× | 7.2× | 12.9× |
| 2024 | 9.8× | 9.5× | 14.3× |
| 2023 | 19.7× | 17.9× | 48.9× |
| 2022 | 45.1× | 19.9× | 48.7× |
| 2021 | 17.5× | 10.0× | 23.1× |
| 2020 | 10.7× | 4.9× | 55.9× |
| 2019 | 55.1× | 17.8× | 87.3× |
| 2018 | 16.5× | 16.2× | 41.5× |
| 2017 | 30.3× | 22.5× | 30.3× |
| 2016 | 180× | 34.6× | 187× |
| 2015 | 68.9× | 19.9× | 79.6× |
| 2014 | 20.2× | 19.3× | 36.8× |
| 2013 | 37.1× | 35.9× | 452× |
| 2012 | 130× | 31.2× | 139× |
| 2011 | 80.4× | 74.0× | 483× |
| 2010 | 147× | 35.3× | 149× |
Against its peers
Companies in Oil & Gas Equipment & Services nearest Halliburton's size, closest first, today.
| Company | Price to free cash flow |
|---|---|
| HALHalliburton | 16.9× |
| FTITechnipFMC | 17.4× |
| BKRBaker Hughes | 17.7× |
| SLBSlb | 16.4× |
| NOVNOV | 12.5× |
| WFRDWeatherford International | 11.8× |
| WHDCactus | n/m |
| SEISolaris Energy Infrastructure | n/m |
| OIIOceaneering International | 13.6× |
| Peer median | 15.0× |
What the price to free cash flow tells you
Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.
Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.
More on Halliburton
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.