Harmonic Inc. (HLIT) P/E Ratio History
Historical price-to-earnings valuation from 1995 to 2025
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HLIT Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Harmonic Inc. (HLIT) trades at a price-to-earnings ratio of 37.2x, with a stock price of $12.28 and trailing twelve-month earnings per share of $0.44.
The current P/E is 29% below its 5-year average of 52.7x. Over the past five years, HLIT's P/E has ranged from a low of 16.1x to a high of 240.8x, placing the current valuation at the 60th percentile of its historical range.
Compared to the Technology sector median P/E of 27.7x, HLIT trades at a 34% premium to its sector peers. The sector includes 359 companies with P/E ratios ranging from 0.0x to 184.2x.
Relative to the broader market, HLIT commands a significant premium over the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our HLIT DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
HLIT P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $12B | 340.3 | 74.57 | +225%Best | |
| $3B | 167.4 | - | +158% | |
| $2B | 47.8 | 2.28 | -15% | |
| $365B | 36.1 | - | +0% | |
| $76B | 633.2 | - | +47% | |
| $96B | 4.9 | 0.26 | +30% | |
| $20B | 4.4Lowest | 0.24Best | +4% | |
| $2.9T | 37.8 | 1.35 | +30% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
HLIT Historical P/E Data (1995–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q3 | Fri Sep 26 2025 00:00:00 GM | $10.07 | $0.42 | 23.8x | -84% |
| FY2025 Q2 | Fri Jun 27 2025 00:00:00 GM | $9.49 | $0.59 | 16.1x | -89% |
| FY2025 Q1 | Fri Mar 28 2025 00:00:00 GM | $9.71 | $0.45 | 21.6x | -85% |
| FY2024 Q4 | $13.23 | $0.33 | 40.1x | -73% | |
| FY2024 Q3 | Fri Sep 27 2024 00:00:00 GM | $14.49 | $0.73 | 19.8x | -87% |
| FY2024 Q2 | Fri Jun 28 2024 00:00:00 GM | $11.77 | $0.48 | 24.5x | -83% |
| FY2024 Q1 | Fri Mar 29 2024 00:00:00 GM | $13.44 | $0.60 | 22.4x | -85% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $13.04 | $0.71 | 18.4x | -88% |
| FY2023 Q3 | Fri Sep 29 2023 00:00:00 GM | $9.63 | $0.04 | 240.8x | +63% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $16.17 | $0.18 | 89.8x | -39% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $14.59 | $0.31 | 47.1x | -68% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $13.10 | $0.26 | 50.4x | -66% |
Average P/E for displayed period: 148.1x
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Start ComparisonHLIT — Frequently Asked Questions
Quick answers to the most common questions about buying HLIT stock.
Is HLIT stock overvalued or undervalued?
HLIT trades at 37.2x P/E, below its 5-year average of 52.7x. At the 60th percentile of historical range, the stock is priced at a discount to its own history.
How does HLIT's valuation compare to peers?
Harmonic Inc. P/E of 37.2x compares to sector median of 27.7x. The premium reflects expected growth above peers.
What is HLIT's PEG ratio?
HLIT PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1995-2025.