Question 1

What is HP's P/B ratio?

Accepted Answer

HP (HPQ) P/B ratio is currently not available. A negative or zero P/B occurs when accumulated losses, large buybacks, or special dividends have driven shareholders' equity below zero. In that case P/B is reported as N/A and analysts use P/S or EV/EBITDA as substitutes.

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 HP?

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 HP specifically, the relevant sector benchmark is the current sector median of 6.0×.

Question 5

What is HP's historical P/B ratio range?

Accepted Answer

In the available daily series, HP (HPQ) P/B ratio has ranged from a low of 0.5× in 2012 to a high of 1.6× in 2007.

Question 6

What was HP's P/B ratio in 2015?

Accepted Answer

HP (HPQ) P/B ratio at the end of 2015 was 0.8×. 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 7

Why does HP'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.

Question 8

Why is HP's P/B ratio not available?

Accepted Answer

A negative or zero P/B occurs when accumulated losses, large buybacks, or special dividends have driven shareholders' equity below zero. In that case P/B is reported as N/A and analysts use P/S or EV/EBITDA as substitutes.


2025	$25.95B	−$346.00M	—	—	Oct 31, 2025
2024	$34.77B	−$1.32B	—	—	Oct 31, 2024
2023	$26.17B	−$1.07B	—	—	Oct 31, 2023
2022	$27.06B	−$3.02B	—	—	Oct 31, 2022
2021	$35.25B	−$1.64B	—	—	Oct 31, 2021
2020	$24.19B	−$2.23B	—	—	Oct 31, 2020
2019	$25.64B	−$1.19B	—	—	Oct 31, 2019
2018	$38.09B	−$639.00M	—	—	Oct 31, 2018
2017	$35.99B	−$3.41B	—	—	Oct 31, 2017
2016	$24.81B	−$3.89B	—	—	Oct 31, 2016
2015	$22.06B	$27.77B	0.8×	-0.3×	Oct 31, 2015
2014	$30.33B	$26.73B	1.1×	+0.4×	Oct 31, 2014
2013	$21.21B	$27.27B	0.8×	+0.2×	Oct 31, 2013
2012	$12.28B	$22.44B	0.5×	-0.1×	Oct 31, 2012
2011	$23.93B	$38.63B	0.6×	-0.4×	Oct 31, 2011
2010	$42.09B	$40.45B	1.0×	-0.2×	Oct 31, 2010
2009	$50.81B	$40.52B	1.3×	+0.2×	Oct 31, 2009
2008	$41.89B	$38.94B	1.1×	-0.5×	Oct 31, 2008
2007	$60.06B	$38.53B	1.6×	+0.3×	Oct 31, 2007
2006	$47.58B	$38.14B	1.2×	+0.3×	Oct 31, 2006
2005	$35.92B	$37.18B	1.0×	+0.3×	Oct 31, 2005
2004	$24.78B	$37.56B	0.7×	-0.2×	Oct 31, 2004
2003	$30.84B	$37.75B	0.8×	+0.2×	Oct 31, 2003
2002	$21.54B	$36.26B	0.6×	-0.5×	Oct 31, 2002
2001	$14.79B	$13.95B	1.1×	—	Oct 31, 2001


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P/B Ratio for HP (HPQ)

P/B Ratio daily chart for HP (HPQ)

Historical P/B Ratio for HP (HPQ) from 2001 to 2025

About P/B Ratio at HP (HPQ)

HP P/B Ratio by Year

HP P/B Ratio 2015: 0.8×

HP P/B Ratio 2014: 1.1×

HP P/B Ratio 2013: 0.8×

HP P/B Ratio 2012: 0.5×

HP P/B Ratio 2011: 0.6×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

HP (HPQ) Key Financials

P/B Ratio daily chart for HP (HPQ)

Historical P/B Ratio for HP (HPQ) from 2001 to 2025

About P/B Ratio at HP (HPQ)

HP P/B Ratio by Year

HP P/B Ratio 2015: 0.8×

HP P/B Ratio 2014: 1.1×

HP P/B Ratio 2013: 0.8×

HP P/B Ratio 2012: 0.5×

HP P/B Ratio 2011: 0.6×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is HP's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for HP?

+What is HP's historical P/B ratio range?

+What was HP's P/B ratio in 2015?

+Why does HP's P/B ratio change over time?

+Why is HP's P/B ratio not available?

HP (HPQ) Key Financials