HPQ Hp PE ratio, current and historical analysis
- Stocks
- Technology
- NYSE: HPQ
- PE Ratio
As of Jun 12, 2025, the Hp stock's PE ratio is 9.48. This takes into account the latest EPS of $2.61 and stock price of $24.74. The PE ratio marks a decrease of 18% from its last 4 quarters average of 11.6.
HPQ PE ratio history
The PE ratio of Hp has averaged 9.51 over the last ten years. The current P/E ratio of 9.48 is similar to 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 Jan 2016 quarter, when it reached 4.65 with a price of $9.71 and an EPS of $2.09.
Hp PE ratio history chart
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 |
|---|---|---|---|---|
| 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 |
| 2010 | 11.12 | -24.81% | $42.04 | $3.78 |
Hp PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 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 |
| Jul 2022 | 5.86 | -11.35% | $33.39 | $5.7 |
| Apr 2022 | 6.61 | 0.61% | $36.63 | $5.54 |
| Jan 2022 | 6.57 | 17.11% | $36.73 | $5.59 |
| Oct 2021 | 5.61 | -37.04% | $30.33 | $5.41 |
HPQ Price vs fair value
You can ether set your own Fair P/E multiple or use one of the automatically calculated Fair P/E multiples.
Fair P/E calculation
PE Ratio is an attempt to estimate a fair PE ratio of a stock based on its earnings and growth rate.
This formula is a modified version of the classic Graham-Dodd Formula (V= EPS x (8.5+2g)), originally developed by Benjamin Graham, to calculate the fair price of a stock based on its earnings and growth rate.
The formula we have created is an adaptation of this approach, designed to maintain a balance between simplicity and growth sensitivity.
It is calculated using the following formula:
IF g < 5: Fair PE = b
IF g >= 5: Fair PE = m × g
Here’s what each part of the formula means:
g: Growth is calculated as the average of the three-year average EPS growth rate and the one-year EPS growth rate (annually). This approach provides a balanced measure of growth by factoring in both the long-term growth trend and the most recent annual growth performance. If one of the growth metrics is not available, the remaining metric is used to determine growth. The fair P/E value is capped at 100 to prevent distortions caused by extreme EPS growth rates, such as those resulting from large percentage increases from a low base.
m: This is the long term historical median PEG (Price/Earnings to Growth) ratio of the overall market. It serves as a benchmark, adjusting the Fair PE based on typical market conditions.
b: Base PE (static value set to 8). If the company's growth rate is less than 5, the Fair PE is set at a conservative baseline of 8. This is because declining companies generally deserve a lower PE ratio.
Fixed vs Dynamic
Fixed: The Fair PE ratio for all data points is calculated using a single, constant average EPS growth rate, determined based on the most recent period. This means that the same growth rate is applied to all historical data points. Dynamic: The Fair PE ratio for each historical data point is calculated using the trailing average EPS growth rate specific to that point in time. This means that for each data point, the corresponding trailing EPS growth rate is used, ensuring that the Fair PE ratio reflects the growth conditions that were relevant at that specific point in history.
HPQ average PE ratio chart
HPQ's current PE ratio is lower than its 3, 5 and 10-year averages.
PE vs average
HPQ PE vs peers
In comparison to its peer stocks MSFT and AAPL, HPQ's PE ratio is lower. Hp's PE ratio is trading below the peer average of 34.92.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HPQ Hp Inc | 9.48 | $23.24B |
| SMCI Super Micro Computer Inc | 22.35 | $25.88B |
| CSCO Cisco Systems Inc | 26.46 | $257.8B |
| AAPL Apple Inc | 30.93 | $2.98T |
| MSFT Microsoft Corp | 36.86 | $3.56T |
| ORCL Oracle Corp | 45.53 | $560.45B |
| IBM International Business Machines Corp | 47.39 | $261.19B |
| INTC Intel Corp | N/A | $90.6B |
| XRX Xerox Holdings Corp | N/A | $671.72M |
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Frequently asked questions
What is Hp's PE ratio?
The price to earnings ratio for HPQ stock is 9.48 as of Jun 12, 2025.
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 10.34.
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 9.65.
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 0.3% below its 10-year historical average.
Why is Hp's PE ratio so low?
HPQ's PE ratio of 9.48 is considered low because the company's stock price is trading at a lower multiple of earnings.
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 (Jun 12, 2025), Hp's share price is $24.74. The company's earnings per share for the trailing twelve months (TTM) ending Apr 2025 is $2.61. Therefore, Hp's PE ratio for today is 9.48. PE RATIO(9.48) = STOCK PRICE($24.74) / TTM EPS($2.61)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.