Start with its own history
At 10.31×, HAL.AS is 48.7% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
AMS · HAL.ASFinancial - ConglomeratesUpdated Oct 22, 2026
HAL Trust P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
10.31×
48.7% belowthe 10-year annual average
Share price163.2
÷Earnings per share15.83
Price and EPS in quote currency. Calculation details
Investors are paying 10.31 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 20.08×
3-year average8.93×3 positive annual observations
5-year average9.29×5 positive annual observations
10-year average20.08×10 positive annual observations
Peer median · TTM20.72×4 peers with positive P/E
Historical P/E ratios
Annual period-end data · 24 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 8.00× | -7.2% |
| Dec 31, 2024 | 8.62× | -15.4% |
| Dec 31, 2023 | 10.19× | -38.7% |
| Dec 31, 2022 | 16.62× | +452.0% |
| Dec 31, 2021 | 3.01× | -81.3% |
| Dec 31, 2020 | 16.13× | -11.9% |
| Dec 31, 2019 | 18.30× | -74.1% |
| Dec 31, 2018 | 70.76× | +117.7% |
View all 24 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 32.50× | +94.7% |
| Dec 31, 2016 | 16.69× | -19.2% |
| Dec 31, 2015 | 20.65× | +19.2% |
| Dec 31, 2014 | 17.32× | -2.8% |
| Dec 31, 2013 | 17.83× | +4.5% |
| Dec 31, 2012 | 17.06× | +40.7% |
| Dec 31, 2011 | 12.13× | -17.7% |
| Dec 31, 2010 | 14.73× | +10.3% |
| Dec 31, 2009 | 13.35× | +53.3% |
| Dec 31, 2008 | 8.71× | +20.0% |
| Dec 31, 2007 | 7.26× | -16.6% |
| Dec 31, 2006 | 8.70× | -16.6% |
| Dec 31, 2005 | 10.44× | -68.4% |
| Dec 31, 2004 | 33.04× | +1.1% |
| Dec 31, 2003 | 32.68× | -38.9% |
| Dec 31, 2002 | 53.47× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How HAL.AS compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 HAL.AS This stockHAL Trust | 10.31× |
 REINA.ASReinet Investments S.C.A. | N/M |
 EXO.ASExor N.V. | N/M |
 PBH.ASPB Holding N.V. | N/M |
 ITSA3.SAItaúsa S.A. | 9.56× |
 BAJAJFINSV.NSBajaj Finserv Ltd. | 26.40× |
 2885.TWYuanta Financial Holding Co., Ltd. | 17.62× |
 PWF-PZ.TOPower Financial Corporation | N/M |
 4280.SRKingdom Holding Company | 23.83× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does HAL.AS’s P/E tell you?
Compare like with like
The median of the 4 positive peer ratios above is 20.72×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take HAL.AS into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("HAL.AS", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 163.2 ÷ EPS 15.83 = 10.31×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Oct 22, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
HAL.AS P/E ratio: common questions
The essentials behind the numbers.
HAL Trust's current P/E is 10.31× based on the quote data last updated Oct 22, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.