Question 1

What is Hewlett Packard Enterprise's P/B ratio?

Accepted Answer

Hewlett Packard Enterprise (HPE) P/B ratio is 2.7× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Hewlett Packard Enterprise?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Hewlett Packard Enterprise specifically, the relevant sector benchmark is the current sector median of 5.6×.

Question 5

Is Hewlett Packard Enterprise's P/B ratio high or low?

Accepted Answer

Hewlett Packard Enterprise's P/B ratio of 2.7× is above its own 5-year average of 1.1× and below the sector median of 5.6×. That places the current reading at the 99th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Hewlett Packard Enterprise's historical P/B ratio range?

Accepted Answer

In the available daily series, Hewlett Packard Enterprise (HPE) P/B ratio has ranged from a low of 0.4× in 2015 to a high of 3.2× in 2026. The 5-year average is 1.1× and the 5-year median is 1.0×.

Question 7

What was Hewlett Packard Enterprise's P/B ratio in 2025?

Accepted Answer

Hewlett Packard Enterprise (HPE) P/B ratio at the end of 2025 was 1.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Hewlett Packard Enterprise's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$32.3B	$24.7B	1.3×	+0.3×	Oct 31, 2025
2024	$25.6B	$24.8B	1.0×	+0.1×	Oct 31, 2024
2023	$19.9B	$21.2B	0.9×	+0.0×	Oct 31, 2023
2022	$18.5B	$19.9B	0.9×	-0.1×	Oct 31, 2022
2021	$19.6B	$20B	1.0×	+0.3×	Oct 31, 2021
2020	$11.1B	$16B	0.7×	-0.6×	Oct 31, 2020
2019	$21.5B	$17.1B	1.3×	+0.2×	Oct 31, 2019
2018	$22.2B	$21.2B	1.0×	+0.1×	Oct 31, 2018
2017	$22.5B	$23.5B	1.0×	+0.3×	Oct 31, 2017
2016	$21.8B	$31.4B	0.7×	+0.2×	Oct 31, 2016
2015	$14.9B	$33.5B	0.4×	-0.0×	Oct 31, 2015
2014	$17.3B	$36.8B	0.5×	—	Oct 31, 2014


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P/B Ratio for Hewlett Packard Enterprise (HPE) 2014-2026

P/B Ratio daily chart for Hewlett Packard Enterprise (HPE)

Historical P/B Ratio for Hewlett Packard Enterprise (HPE) from 2014 to 2025

About P/B Ratio at Hewlett Packard Enterprise (HPE)

Hewlett Packard Enterprise P/B Ratio by Year

Hewlett Packard Enterprise P/B Ratio 2025: 1.3×

Hewlett Packard Enterprise P/B Ratio 2024: 1.0×

Hewlett Packard Enterprise P/B Ratio 2023: 0.9×

Hewlett Packard Enterprise P/B Ratio 2022: 0.9×

Hewlett Packard Enterprise P/B Ratio 2021: 1.0×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Hewlett Packard Enterprise (HPE) Key Financials