Question 1

What is HP's P/E ratio?

Accepted Answer

HP (HPQ) P/E ratio is 9.1× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for HP?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For HP specifically, the relevant sector benchmark is the current sector median of 29.4×.

Question 5

Is HP's P/E ratio high or low?

Accepted Answer

HP's P/E ratio of 9.1× is below its own 5-year average of 9.1× and below the sector median of 29.4×. That places the current reading at the 48th 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 HP's historical P/E ratio range?

Accepted Answer

In the available daily series, HP (HPQ) P/E ratio has ranged from a low of 3.4× in 2011 to a high of 15.0× in 2005. The 5-year average is 9.1× and the 5-year median is 8.7×.

Question 7

What was HP's P/E ratio in 2025?

Accepted Answer

HP (HPQ) P/E ratio at the end of 2025 was 10.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$26B	$2.53B	10.3×	-2.3×	Oct 31, 2025
2024	$34.8B	$2.78B	12.5×	+4.5×	Oct 31, 2024
2023	$26.2B	$3.26B	8.0×	-0.4×	Oct 31, 2023
2022	$27.1B	$3.2B	8.4×	+3.0×	Oct 31, 2022
2021	$35.3B	$6.5B	5.4×	-3.1×	Oct 31, 2021
2020	$24.2B	$2.84B	8.5×	+0.4×	Oct 31, 2020
2019	$25.6B	$3.15B	8.1×	+1.0×	Oct 31, 2019
2018	$38.1B	$5.33B	7.2×	-7.1×	Oct 31, 2018
2017	$36B	$2.53B	14.2×	+4.3×	Oct 31, 2017
2016	$24.8B	$2.5B	9.9×	+5.1×	Oct 31, 2016
2015	$22.1B	$4.55B	4.8×	-1.2×	Oct 31, 2015
2014	$30.3B	$5.01B	6.1×	+2.1×	Oct 31, 2014
2013	$21.2B	$5.43B	3.9×	—	Oct 31, 2013
2012	$12.3B	-$12.7B	—	—	Oct 31, 2012
2011	$23.9B	$7.07B	3.4×	-1.4×	Oct 31, 2011
2010	$42.1B	$8.83B	4.8×	-1.9×	Oct 31, 2010
2009	$50.8B	$7.66B	6.6×	+1.6×	Oct 31, 2009
2008	$41.9B	$8.33B	5.0×	-3.2×	Oct 31, 2008
2007	$60.1B	$7.26B	8.3×	+0.6×	Oct 31, 2007
2006	$47.6B	$6.2B	7.7×	-7.3×	Oct 31, 2006
2005	$35.9B	$2.4B	15.0×	+7.9×	Oct 31, 2005
2004	$24.8B	$3.5B	7.1×	-5.1×	Oct 31, 2004
2003	$30.8B	$2.54B	12.1×	—	Oct 31, 2003
2002	$21.5B	-$903M	—	—	Oct 31, 2002


Ondas Holdings (ONDS)	16.4×
Dell Technologies (DELL)	16.2×
Western Digital (WDC)	15.7×
Accenture (ACN)	15.4×
Gartner (IT)	14.9×
CDW (CDW)	14.5×
Adobe (ADBE)	14.4×
Leidos Holdings (LDOS)	14.1×
Zoom Communications (ZM)	13.8×
QUALCOMM (QCOM)	13.7×
PTC (PTC)	13.5×
Paycom Software (PAYC)	13.2×
Elastic N.V. (ESTC)	13.2×
Cognizant (CTSH)	13.1×
First Solar (FSLR)	12.7×
GoDaddy (GDDY)	12.7×
Gen Digital (GEN)	11.7×
Duolingo (DUOL)	10.9×
Super Micro Computer (SMCI)	10.9×
Science Applications International (SAIC)	10.3×
Fiserv (FISV)	9.3×
Fidelity National Information Services (FIS)	9.0×
Sunrun (RUN)	5.6×
Lyft (LYFT)	1.8×
IBM (IBM)	0.0×

P/E Ratio for HP (HPQ) 2003-2026

P/E Ratio daily chart for HP (HPQ)

Historical P/E Ratio for HP (HPQ) from 2002 to 2025

About P/E Ratio at HP (HPQ)

HP P/E Ratio by Year

HP P/E Ratio 2025: 10.3×

HP P/E Ratio 2024: 12.5×

HP P/E Ratio 2023: 8.0×

HP P/E Ratio 2022: 8.4×

HP P/E Ratio 2021: 5.4×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

HP (HPQ) Key Financials