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HP Helmerich & Payne PE ratio, current and historical analysis

The PE ratio for Helmerich & Payne stock stands at 9.32 as of Jun 14, 2024. This takes into account the latest EPS of $3.51 and stock price of $32.72. A decrease of 7% has been observed in the PE ratio compared to its average of 10.0 of the last four quarters.

HP PE ratio history

How has HP's PE ratio performed in the past

Over the last ten years, the average PE ratio of Helmerich & Payne has been 57.01. The current 9.32 P/E ratio is 84% lower than the historical average. Looking back at the last ten years, HP's PE ratio peaked in the Sep 2022 quarter at 739.4, with a price of $36.97 and an EPS of $0.05. The Dec 2023 quarter marked the lowest point at 8.6, with a price of $36.22 and an EPS of $4.21.

Average
57.01
Median
15.17
Minimum
8.6
Maximum
739.4

Helmerich & Payne PE ratio by year

Maximum annual increase: 49.95% in 2014

Maximum annual decrease: -98.64% in 2023

Year PE ratio Change
2023 10.09 -98.64%
2022 739.4 N/A
2021 N/A N/A
2020 N/A N/A
2019 N/A N/A
2018 15.67 N/A
2017 N/A N/A
2016 N/A N/A
2015 12.18 -18.85%
2014 15.01 49.95%

HP average PE ratio chart

What is the average PE ratio of HP for the past years

Currently, HP's PE ratio is lower than its 3, 5 and 10-year averages.

3-year avg
117.89
5-year avg
117.89
10-year avg
57.01
15-year avg
36.11

HP PE vs peers

What is HP's PE ratio compared to its peers

HP's PE ratio stands lower than its peer stock PTEN.

Stock name PE ratio Market cap
HP Helmerich & Payne Inc 9.32 $3.23B
PTEN Patterson Uti Energy Inc 15.6 $3.95B
NBR Nabors Industries Ltd N/A $580.9M

Frequently asked questions

What is Helmerich & Payne's PE ratio?

The price to earnings ratio for HP stock as of Jun 14, 2024, stands at 9.32.

What is the 3-year average PE ratio for Helmerich & Payne (HP)?

As an average over the last 3 years, HP stock has a PE ratio of 117.89.

What is the 5-year average PE ratio for Helmerich & Payne (HP)?

As an average over the last 5 years, HP stock has a PE ratio of 117.89.

What is the highest PE ratio for HP?

The highest quarterly PE ratio in the last ten years has been 739.4 and it was in the Sep 2022 quarter.

How does the current PE ratio for HP compare to its historical average?

HP's price to earnings ratio is currently 84% below its 10-year historical average.

Why is Helmerich & Payne's PE ratio so low?

HP's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.

How is HP's PE ratio calculated (Helmerich & Payne PE ratio formula)?

To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jun 14, 2024), Helmerich & Payne's share price is $32.72. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $3.51. Therefore, Helmerich & Payne's PE ratio for today is 9.32. PE RATIO(9.32) = STOCK PRICE($32.72) / TTM EPS($3.51)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.