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 5.6×.

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	$26B	-$346M	—	—	Oct 31, 2025
2024	$34.8B	-$1.32B	—	—	Oct 31, 2024
2023	$26.2B	-$1.07B	—	—	Oct 31, 2023
2022	$27.1B	-$3.03B	—	—	Oct 31, 2022
2021	$35.3B	-$1.64B	—	—	Oct 31, 2021
2020	$24.2B	-$2.23B	—	—	Oct 31, 2020
2019	$25.6B	-$1.19B	—	—	Oct 31, 2019
2018	$38.1B	-$639M	—	—	Oct 31, 2018
2017	$36B	-$3.41B	—	—	Oct 31, 2017
2016	$24.8B	-$3.89B	—	—	Oct 31, 2016
2015	$22.1B	$27.8B	0.8×	-0.3×	Oct 31, 2015
2014	$30.3B	$26.7B	1.1×	+0.4×	Oct 31, 2014
2013	$21.2B	$27.3B	0.8×	+0.2×	Oct 31, 2013
2012	$12.3B	$22.4B	0.5×	-0.1×	Oct 31, 2012
2011	$23.9B	$38.6B	0.6×	-0.4×	Oct 31, 2011
2010	$42.1B	$40.4B	1.0×	-0.2×	Oct 31, 2010
2009	$50.8B	$40.5B	1.3×	+0.2×	Oct 31, 2009
2008	$41.9B	$38.9B	1.1×	-0.5×	Oct 31, 2008
2007	$60.1B	$38.5B	1.6×	+0.3×	Oct 31, 2007
2006	$47.6B	$38.1B	1.2×	+0.3×	Oct 31, 2006
2005	$35.9B	$37.2B	1.0×	+0.3×	Oct 31, 2005
2004	$24.8B	$37.6B	0.7×	-0.2×	Oct 31, 2004
2003	$30.8B	$37.7B	0.8×	+0.2×	Oct 31, 2003
2002	$21.5B	$36.3B	0.6×	—	Oct 31, 2002


Zebra Technologies (ZBRA)	2.9×
Zoom Communications (ZM)	2.9×
Fortive (FTV)	2.9×
IREN (IREN)	2.8×
Trimble (TRMB)	2.7×
Twilio (TWLO)	2.5×
Amkor Technology (AMKR)	2.5×
First Solar (FSLR)	2.1×
EPAM Systems (EPAM)	2.1×
Qorvo (QRVO)	2.1×
IonQ (IONQ)	2.1×
Intel (INTC)	2.0×
Roper Technologies (ROP)	2.0×
Cognizant (CTSH)	1.9×
Okta (OKTA)	1.9×
Super Micro Computer (SMCI)	1.8×
Lyft (LYFT)	1.7×
Block (XYZ)	1.7×
Hewlett Packard Enterprise (HPE)	1.5×
Fidelity National Information Services (FIS)	1.5×
Skyworks Solutions (SWKS)	1.4×
Fiserv (FISV)	1.1×
Sunrun (RUN)	1.0×
Strategy (MSTR)	0.9×
IBM (IBM)	0.0×

P/B Ratio for HP (HPQ) 2002-2026

P/B Ratio daily chart for HP (HPQ)

Historical P/B Ratio for HP (HPQ) from 2002 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