HPQ
HP
PE ratio, current and historical analysis
- Stocks
- Technology
- NYSE: HPQ
- PE Ratio
As of Aug 5, 2026, the HP stock's PE ratio is 10.45. This takes into account the latest EPS of $2.73 and stock price of $28.52. The PE ratio marks an increase of 22% from its last 4 quarters average of 8.6.
HPQ PE ratio history
The PE ratio of HP has averaged 9.57 over the last ten years. The current P/E ratio of 10.45 is 9% higher than the historical average. Looking back at the last ten years, HPQ's PE ratio peaked in the Oct 2017 quarter at 14.37, when the price was $21.55 and the EPS was $1.5. The lowest point was in the Oct 2021 quarter, when it reached 5.61 with a price of $30.33 and an EPS of $5.41.
HP PE ratio by year
Maximum annual increase: 63.1% in 2022
Maximum annual decrease: -49.06% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 10.36 | -17.45% | $27.67 | $2.67 |
| 2024 | 12.55 | 56.88% | $35.52 | $2.83 |
| 2023 | 8 | -12.57% | $26.33 | $3.29 |
| 2022 | 9.15 | 63.1% | $27.62 | $3.02 |
| 2021 | 5.61 | -37.87% | $30.33 | $5.41 |
| 2020 | 9.03 | 8.14% | $17.96 | $1.99 |
| 2019 | 8.35 | 14.07% | $17.37 | $2.08 |
| 2018 | 7.32 | -49.06% | $24.14 | $3.3 |
| 2017 | 14.37 | 42.84% | $21.55 | $1.5 |
| 2016 | 10.06 | -6.33% | $14.49 | $1.44 |
| 2015 | 10.74 | -20.39% | $26.96 | $2.51 |
| 2014 | 13.49 | 46.15% | $35.88 | $2.66 |
| 2013 | 9.23 | N/A | $24.37 | $2.64 |
| 2012 | N/A | N/A | $13.85 | -$6.41 |
| 2011 | 7.87 | -29.23% | $26.61 | $3.38 |
HP PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Apr 2026 | 7.64 | 4.95% | $20.86 | $2.73 |
| Jan 2026 | 7.28 | -29.73% | $19.44 | $2.67 |
| Oct 2025 | 10.36 | 15.75% | $27.67 | $2.67 |
| Jul 2025 | 8.95 | -8.67% | $24.8 | $2.77 |
| Apr 2025 | 9.8 | -15.59% | $25.57 | $2.61 |
| Jan 2025 | 11.61 | -7.49% | $32.5 | $2.8 |
| Oct 2024 | 12.55 | 0.16% | $35.52 | $2.83 |
| Jul 2024 | 12.53 | 33.87% | $36.09 | $2.88 |
| Apr 2024 | 9.36 | 12.1% | $28.09 | $3 |
| Jan 2024 | 8.35 | 4.38% | $28.71 | $3.44 |
| Oct 2023 | 8 | -43.46% | $26.33 | $3.29 |
| Jul 2023 | 14.15 | 26.23% | $32.83 | $2.32 |
| Apr 2023 | 11.21 | -2.27% | $29.71 | $2.65 |
| Jan 2023 | 11.47 | 25.36% | $29.14 | $2.54 |
| Oct 2022 | 9.15 | 56.14% | $27.62 | $3.02 |
HPQ Price vs fair value
HPQ average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
HPQ's current PE ratio is higher than the 3, 5 and 10-year averages.
PE comparison
HP's price to earnings (P/E) of 10.45 is lower than the Technology sector, the industry and its peers average. In comparison with the Technology sector average of 34.94, HP's price to earnings (P/E) is 70% lower.
HPQ PE vs peers
In comparison to its peer stocks AAPL and MSFT, HPQ's PE ratio is lower. HP's PE ratio is trading below the peer average of 27.06.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HPQ HP Inc | 10.45 | $26.08B |
| SMCI Super Micro Computer Inc | 14.51 | $18.24B |
| IBM International Business Machines Corp | 20.57 | $222.27B |
| ORCL Oracle Corp | 24.31 | $415.91B |
| MSFT Microsoft Corporation | 27.08 | $3.62T |
| AAPL Apple Inc | 35.54 | $4.54T |
| CSCO Cisco Systems Inc | 40.37 | $478.88B |
| INTC Intel Corp | N/A | $509.75B |
| XRX Xerox Holdings Corp | N/A | $410.65M |
Frequently asked questions
What is HP's PE ratio?
The price to earnings ratio for HPQ stock is 10.45 as of Aug 5, 2026.
What is the 3-year average PE ratio for HP (HPQ)?
As an average over the last 3 years, HPQ stock has a PE ratio of 9.68.
What is the 5-year average PE ratio for HP (HPQ)?
As an average over the last 5 years, HPQ stock has a PE ratio of 9.32.
What is the highest PE ratio for HPQ?
The highest quarterly PE ratio in the last ten years has been 14.37 and it was in the Oct 2017 quarter.
How does the current PE ratio for HPQ compare to its historical average?
HPQ's price to earnings ratio is currently 9% above its 10-year historical average.
How is HPQ's PE ratio calculated (HP PE ratio formula)?
The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Aug 5, 2026), HP's share price is $28.52. The company's earnings per share for the trailing twelve months (TTM) ending Apr 2026 is $2.73. Therefore, HP's PE ratio for today is 10.45. PE RATIO(10.45) = STOCK PRICE($28.52) / TTM EPS($2.73)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.