Price to Sales (P/S)
since 2005
Calculation
Halliburton Co., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Revenue1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 13, 2019 | 1.14 | = | 31.40 | ÷ | 27.50 | 27.50 | = | 23,995 | ÷ | 872,542,842 | |
| Feb 9, 2018 | 1.98 | = | 46.70 | ÷ | 23.57 | 23.57 | = | 20,620 | ÷ | 874,909,834 | |
| Feb 7, 2017 | 2.99 | = | 54.88 | ÷ | 18.33 | 18.33 | = | 15,887 | ÷ | 866,933,212 | |
| Feb 5, 2016 | 1.14 | = | 31.35 | ÷ | 27.53 | 27.53 | = | 23,633 | ÷ | 858,342,017 | |
| Feb 24, 2015 | 1.11 | = | 43.12 | ÷ | 38.69 | 38.69 | = | 32,870 | ÷ | 849,671,830 | |
| Feb 7, 2014 | 1.50 | = | 51.97 | ÷ | 34.56 | 34.56 | = | 29,402 | ÷ | 850,866,860 | |
| Feb 11, 2013 | 1.34 | = | 40.87 | ÷ | 30.59 | 30.59 | = | 28,503 | ÷ | 931,813,112 | |
| Feb 16, 2012 | 1.32 | = | 35.64 | ÷ | 26.90 | 26.90 | = | 24,829 | ÷ | 922,983,220 | |
| Feb 17, 2011 | 2.46 | = | 48.43 | ÷ | 19.68 | 19.68 | = | 17,973 | ÷ | 913,356,387 | |
| Feb 17, 2010 | 1.92 | = | 31.08 | ÷ | 16.21 | 16.21 | = | 14,675 | ÷ | 905,090,232 | |
| Feb 18, 2009 | 0.83 | = | 17.01 | ÷ | 20.37 | 20.37 | = | 18,279 | ÷ | 897,174,201 | |
| Feb 22, 2008 | 2.09 | = | 36.16 | ÷ | 17.34 | 17.34 | = | 15,264 | ÷ | 880,157,300 | |
| Feb 28, 2007 | 1.37 | = | 30.92 | ÷ | 22.52 | 22.52 | = | 22,504 | ÷ | 999,172,145 | |
| Mar 13, 2006 | 1.69 | = | 34.32 | ÷ | 20.35 | 20.35 | = | 21,007 | ÷ | 1,032,481,302 |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Halliburton Co. Annual Report.
The analysis of financial data over the observed periods reveals several notable trends related to share price, sales per share, and the price-to-sales (P/S) ratio.
- Share Price
- The share price demonstrates considerable volatility across the years. Initially, it decreased from $34.32 in 2006 to a low of $17.01 in 2009, reflecting a downturn. Subsequently, it experienced a recovery, peaking at $54.88 in 2017. After this peak, a downward trend is observed again, with the share price dropping to $31.4 by 2019. This pattern shows phases of both decline and recovery, indicating fluctuating market sentiment or company performance over the years.
- Sales per Share
- Sales per share figures display variability, with the lowest value recorded in 2008 at $17.34 and a general upward trend towards 2015 where it reached $38.69. Post-2015, sales per share declined substantially to $18.33 in 2017, followed by a moderate recovery to $27.5 by 2019. This volatility suggests changes in revenue generation or operational effectiveness impacting sales performance per share.
- Price-to-Sales (P/S) Ratio
- The P/S ratio shows substantial fluctuations without a clear upward or downward trend over the years. It reached a notable low of 0.83 in 2009, which corresponds with a trough in share price, implying the shares were relatively undervalued compared to sales at that time. Conversely, it peaked at 2.99 in 2017, coinciding with the share price high, indicating a premium valuation. Later, the ratio declined toward 1.14 by 2019, reflecting a reversion to a more moderate valuation relative to sales.
- Overall Insights
- The financial data reflect cyclical changes in market valuation and company performance. Periods of declining share price and sales per share align with broader economic challenges or company-specific setbacks, while recoveries highlight phases of improvement. The P/S ratio's volatility suggests changing investor perceptions about the company's growth prospects and profitability relative to sales. The data indicate the company operates in a dynamic environment with sensitivity to both internal and external factors influencing its financial metrics.
Comparison to Competitors
Halliburton Co., P/S, long-term trends, comparison to competitors
| Halliburton Co. | Schlumberger Ltd. | |
|---|---|---|
| Feb 13, 2019 | 1.14 | 1.83 |
| Feb 9, 2018 | 1.98 | 3.55 |
| Feb 7, 2017 | 2.99 | 4.28 |
| Feb 5, 2016 | 1.14 | 2.32 |
| Feb 24, 2015 | 1.11 | 2.15 |
| Feb 7, 2014 | 1.50 | 2.53 |
| Feb 11, 2013 | 1.34 | 2.46 |
| Feb 16, 2012 | 1.32 | 2.57 |
| Feb 17, 2011 | 2.46 | 4.43 |
| Feb 17, 2010 | 1.92 | 3.27 |
| Feb 18, 2009 | 0.83 | 1.87 |
| Feb 22, 2008 | 2.09 | 4.37 |
| Feb 28, 2007 | 1.37 | 3.88 |
| Mar 13, 2006 | 1.69 | 4.89 |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Energy)
Halliburton Co., P/S, long-term trends, comparison to industry (energy)
| Halliburton Co. | Energy | |
|---|---|---|
| Feb 13, 2019 | 1.14 | 1.38 |
| Feb 9, 2018 | 1.98 | 1.63 |
| Feb 7, 2017 | 2.99 | 1.90 |
| Feb 5, 2016 | 1.14 | 1.37 |
| Feb 24, 2015 | 1.11 | 1.10 |
| Feb 7, 2014 | 1.50 | 1.11 |
| Feb 11, 2013 | 1.34 | 1.02 |
| Feb 16, 2012 | 1.32 | 0.83 |
| Feb 17, 2011 | 2.46 | 1.10 |
| Feb 17, 2010 | 1.92 | 0.93 |
| Feb 18, 2009 | 0.83 | 0.57 |
| Feb 22, 2008 | 2.09 | 1.09 |
| Feb 28, 2007 | 1.37 | 0.96 |
| Mar 13, 2006 | 1.69 | 0.86 |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).