Using the PEG framework with analyst consensus forward EPS growth of 19.5% plus 1.7% dividend yield, Halliburton Company has a fair value of $43.15 based on NTM EPS (FY2026) of $2.22. The current PEG ratio is 0.91.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
PEG is most informative for high-growth companies — the PEG sweet spot.
| EPS Growth RateForward | 17.7% |
| Dividend Yield | +1.7% |
| Adjusted Growth (clamped 8–25%) | 19.5% |
| Fair P/E | 19.5x |
| NTM EPS (FY2026) | $2.22 |
| Fair Value | $43.15 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $1.50 | — | — |
| FY2026E | $2.22 | +47.8% | 18 |
| FY2027E | $2.68 | +21.0% | 18 |
| FY2028E | $3.17 | +18.3% | 12 |
| FY2029E | $3.63 | +14.3% | 11 |
| FY2030E | $3.39 | -6.6% | 6 |
5Y Forward EPS CAGR: 17.7%
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $1.5B | $1.63 | — |
| FY2022 | $1.6B | $1.73 | +6.1% |
| FY2023 | $2.6B | $2.92 | +68.8% |
| FY2024 | $2.5B | $2.83 | -3.1% |
| FY2025 | $1.3B | $1.50 | -47.0% |
4Y Historical EPS CAGR: -2.1%
The PEG Fair Value uses the Price/Earnings-to-Growth framework. A stock is fairly valued when its P/E ratio equals its earnings growth rate (PEG = 1.0). This model adds dividend yield to the growth rate per the original PEGY formula.
Growth rate priority: analyst consensus forward EPS CAGR (when ≥ 3 analysts cover the stock), falling back to historical EPS CAGR. Using EPS rather than net income avoids distortion from share buybacks. The growth rate is clamped between 8% and 25% — below 8% would undervalue stable earners, while above 25% would overvalue unsustainable spikes.