HPQ P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
HPQ's p/e ratio is higher than 82% of the last 10 years.
P/E ratio History
HPQ P/E ratio by year
Yearly range of HPQ’s p/e ratio from 2016 to 2026. Over the full period it ranged from 4.3 to 16.0, averaging 9.9.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 6.9 | 9.2 | 13.5 | 12.1 |
| 2025 | 7.9 | 10.1 | 12.5 | 8.4 |
| 2024 | 8.1 | 11.0 | 14.0 | 11.7 |
| 2023 | 8.1 | 11.3 | 14.4 | 9.2 |
| 2022 | 4.3 | 6.6 | 10.2 | 8.9 |
| 2021 | 5.7 | 10.2 | 14.6 | 6.9 |
| 2020 | 6.5 | 9.7 | 12.3 | 12.3 |
| 2019 | 5.9 | 7.9 | 10.0 | 10.0 |
| 2018 | 6.0 | 9.3 | 16.0 | 6.3 |
| 2017 | 10.3 | 13.1 | 16.0 | 14.1 |
| 2016 | 10.1 | 10.8 | 11.4 | 10.5 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is HPQ P/E ratio High or Low Right Now?
HP Inc.'s P/E ratio is currently 12.1, which is historically pricey relative to its 10-year historical range. The 10-year median P/E ratio for HPQ is approximately 9.7. See all HPQ valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.