Helmerich and Payne Inc (HP) fair value: what the stock is really worth
We calculate from audited financials what Helmerich and Payne Inc is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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Energy · US · Market cap $4.4B · ISIN US4234521015
At a glance
HAHelmerich and Payne IncHP · US
Price$44.56
Fair Value$9.25
Upside−79.2%
Quality40/100
Below-average quality, and trading another 382% above our fair value of $9.25.
As of Sep 9, 2026, the fair value of Helmerich and Payne Inc is $9.25 per share against a price of $44.56, so the fair value sits 79% below the price. A model estimate from reported figures, not an analyst target.
!Mixed Growth (revenue 5y +16.1 %/yr)
!Loss-making · -9.4% net margin
✓Moderate debt · generates free cash flow
·2.24% dividend yield
!Trails peers (1/13)
!Narrow moat 15/100
!Evidence only medium, so the estimate is less certain
Evidence: MediumRange $9.25 to $18.32
Fair value as of: Sep 9, 2026
From 13 valuation models · updated 2 days ago
Share price +4.7% over the past month.
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What matters now
The price sits above even our optimistic bull case ($18.32). The favourable scenario is already priced in.
Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
A fairly wide model range ($9.25 to $18.32) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 9, 2026.
How to read this chart
60‑month range $14.61 – $47.64 · fair‑value band $9.25 – $18.32 · the $44.56 price screens above the $9.25 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 9, 2026.
Helmerich and Payne Inc (HP) currently trades at $44.56, while our model-based Fair Value estimate is $9.25, implying the stock looks roughly 381.7% overvalued today. The Quality Score stands at 40/100 (below-average quality), in the Energy sector. Bull case: the Asset-Based group reads highest at a median of $18.27 per share, and 0 of the 13 models we run sit above the $44.56 price. Bear case: the Growth DCF group reads lowest at $4.49, and 13 of the 13 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Helmerich and Payne Inc generated revenue of $4.0B at a net margin of −9.4%. Revenue declined 8.2% year over year. It earns a return on equity of −13.0%. Net debt stands at $2.1B. Fundamentals as of Sep 9, 2026
Scenario range: $9.25 (bear) to $18.32 (bull), the price of $44.56 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades near its 52-week high and 207% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at −44% fair-value upside, at −79%, HP screens richer than that median.
Fair Value models
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence
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Key figures & financial health
P/S ratio0.85TTM
EPS (TTM)$−3.79
Dividend yield2.2%
Net margin−4.4%FY2025
Return on equity−13.0%TTM
Return on assets (EBIT)3.3%avg 5y
More key figures
Profitability
Operating margin−1.2%TTM
Growth
Revenue (TTM)$4.0BTTM
Revenue growth (YoY)−8.2%3y avg +22.1%
EPS growth (YoY)−98.8%
Balance sheet & cash flow
Free cash flow$117MFY2025
Net debt$2.1BFY2025 · ≈ 18.0 yrs of FCF
Figures from reported company fundamentals · as of Sep 9, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality40/100
Of which business quality 41
· Market factors (momentum, volatility) 81
Profitability12
Margins and returns on capital today
Quality Growth38
Are margins and returns improving?
Cashflow28
Earnings quality: real cash, not paper profit
Fin. Strength45
Balance sheet, leverage, solvency risk
Investment58
Disciplined investing over empire-building
Low Volatility64
Calm price path (market factor)
Momentum82
Price trend over the last 3–12 months (market factor)
52W Momentum100
Distance to the 52-week high (market factor)
Net Issuance89
Buybacks instead of dilution
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Helmerich & Payne, Inc., together with its subsidiaries, provides drilling solutions and technologies for oil and gas exploration and production companies. The company operates through North America Solutions, Offshore Solutions, and International Solutions segments. The North America Solutions segment conducts operations primarily in Texas.
Full company description
Helmerich & Payne, Inc., together with its subsidiaries, provides drilling solutions and technologies for oil and gas exploration and production companies. The company operates through North America Solutions, Offshore Solutions, and International Solutions segments. The North America Solutions segment conducts operations primarily in Texas. The Offshore Solutions segment has drilling operations in Louisiana and in U.S. federal waters the North Sea and Norwegian Sea off the coast of Norway, Caspian Sea and other international waters. The International Solutions segment conducts drilling operations in Saudi Arabia, Argentina, Bahrain, Oman, Germany, and Kuwait. The company focuses on developing, promoting, and commercializing technologies designed to enhance the drilling operations, as well as wellbore quality and placement. It also owns and operates commercial real estate properties. In addition, the company's real estate investments include a shopping center. Helmerich & Payne, Inc. was founded in 1920 and is headquartered in Tulsa, Oklahoma.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Helmerich and Payne Inc reported revenue of $3.7B in FY2025 versus $1.2B in FY2021, a compound +32.4%/yr. Reported net income was −$165M in FY2025.
Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$3.7B
Latest YoY
+35.9%
Avg. revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+22.1%
Avg. revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.1%
Avg. revenue growth/yr (40Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.1%
EBIT margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−35.0% (2020) → 6.2% (2025)
Value creation/yr ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue+32.4%/yr
FY21$1.2B
FY22$2.1B
FY23$2.9B
FY24$2.8B
FY25$3.7B
Net income
FY21−$326M
FY22$7.0M
FY23$434M
FY24$344M
FY25−$165M
Character of growth · EPS growth decomposed (2014-2025)−3.3 % p.a.
Revenue per share−1.4 %
of which total revenue −2.2 % · buybacks/dilution +0.8 %
EBIT margin−3.6 %
Tax rate+1.4 %
Residual (interest, one-offs)+0.4 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Helmerich and Payne Inc Fair Value". https://www.fairvalue-calculator.com/stock/HP
Peer Group
Oil & Gas Drilling · 35 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation
Quality Score40 · Below median
Fair Value upside−79% · Bottom 25%
Profitability
Return on assets1% · Below median
Net margin (TTM)−9% · Bottom 25%
Operating margin (TTM)−1% · Bottom 25%
Growth and dividend
Revenue growth−8% · Below median
Dividend yield (TTM)2.2% · Above median
Balance sheet
Debt / equity0.76× · Above median
Valuation Multiples vs Oil & Gas Drilling median · lower = cheaper
P/B1.25× · Cheaper than median
P/S (TTM)0.85× · Cheaper than median
P/FCF29.3× · Priciest 25%
EV/EBITDA6.3× · Pricier than median
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Helmerich and Payne Inc deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
This stockSector peers
VALUE0· sector 0
FUTURE0· sector 0
PAST0· sector 20
HEALTH62· sector 80
DIVIDEND45· sector 29
VALUE 0: the price sits above our fair-value range.
Insider activity: 46/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Oil & gas
Similar stocks
10 more Oil & Gas Drilling stocks, each showing price versus our Fair Value estimate (as of Sep 9, 2026).
Is Helmerich and Payne Inc (HP) overvalued or undervalued?
As of Sep 9, 2026, our model estimates a fair value of $9.25 versus a price of $44.56, about −79% upside (overvalued).
What is the fair value of HP?
Our model-based fair value for Helmerich and Payne Inc is $9.25 (as of Sep 9, 2026), built from audited fundamentals. The current price: $44.56.
What is the quality score of HP?
Helmerich and Payne Inc has a Quality Score of 40/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Helmerich and Payne Inc (HP)?
Our model-based price target is the fair value of $9.25 (as of Sep 9, 2026) from 13 valuation models. Cautious scenario $9.25, optimistic scenario $18.32. It is a calculation from audited fundamentals, not an analyst target.
What is the Helmerich and Payne Inc stock forecast for 2026?
Our models put fair value at $9.25, about −79% upside versus a price of $44.56 (overvalued). Cautious scenario $9.25, optimistic scenario $18.32. The calculation is refreshed regularly with new filings.
What is the revenue of Helmerich and Payne Inc (HP)?
Helmerich and Payne Inc reported trailing-twelve-month revenue of about $4.0B (latest available figure, as of Sep 9, 2026).
What is the net profit margin of HP?
The net profit margin of Helmerich and Payne Inc is about −9.4%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Helmerich and Payne Inc pay a dividend?
Helmerich and Payne Inc currently shows a dividend yield of about 2.24% relative to its recent price (as of Sep 9, 2026).
What growth is priced into Helmerich and Payne Inc (HP)?
For today's price to be fair in a discounted-cash-flow model, Helmerich and Payne Inc would have to grow free cash flow by +18.8 % per year for ten years (discount rate 8.7 %, then 2 % perpetual growth). Over the last 5 years revenue grew +16.1 % per year. As of Sep 9, 2026.
What discount rate (WACC) does the fair value of HP use?
Our models discount Helmerich and Payne Inc at 8.7 %: a base by market capitalisation (mid), damped by beta 0.60, country premium for USA. The same rate applies in all 26 models.
What is the intrinsic value of Helmerich and Payne Inc (HP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Helmerich and Payne Inc it is $9.25 per share (as of Sep 9, 2026), against a price of $44.56. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Helmerich and Payne Inc stock overvalued or undervalued in 2026?
As of Sep 9, 2026, HP trades above its calculated fair value: price $44.56, fair value $9.25, a gap of about −79% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HP?
No. The price is what the market pays today ($44.56); the fair value is what the company's own numbers justify ($9.25). For Helmerich and Payne Inc the two are $35.31 per share apart. That gap is exactly why we show both numbers side by side.
How much is Helmerich and Payne Inc worth?
The market values Helmerich and Payne Inc at about $4.4B (market capitalisation, as of Sep 9, 2026). Per share that is $44.56; our models calculate a fair value of $9.25 per share.
What do the bullish and bearish scenarios say about HP?
Our models span a range for Helmerich and Payne Inc: cautious scenario $9.25, base $9.25, optimistic $18.32 per share (as of Sep 9, 2026, price $44.56). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of HP?
The PEG ratio of Helmerich and Payne Inc is 5.78 (P/E divided by earnings growth, as of Sep 9, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Helmerich and Payne Inc (HP)?
Balance-sheet figures for Helmerich and Payne Inc (as of Sep 9, 2026): return on equity −13.0%, debt of 0.76 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is HP from its 52-week high?
Helmerich and Payne Inc trades at $44.56, about 7% below its 52-week high of $41.82 and 207% above the low of $14.54 (as of Sep 9, 2026). Distance from the high says nothing about value: that is what the fair value of $9.25 is for.
Which stocks are comparable to Helmerich and Payne Inc?
From the same area (Energy) we also value Noble Corporation, Sinopec Oilfield Service Corporation, Transocean Ltd, Valaris Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Helmerich and Payne Inc stock attractive at the current price?
The data as of Sep 9, 2026: price $44.56, calculated fair value $9.25 (−79%), Quality Score 40/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HP calculated?
We run Helmerich and Payne Inc through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $9.25, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 32.6 % above its aggregate fair value. Helmerich and Payne Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
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Helmerich and Payne Inc
HP · US