Helmerich & Payne, Inc. (HP) P/E Ratio History
Historical price-to-earnings valuation from 1990 to 2025
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HP Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 7, 2026, Helmerich & Payne, Inc. (HP) trades at a price-to-earnings ratio of -24.0x, with a stock price of $39.83 and trailing twelve-month earnings per share of $-3.18.
The current P/E is 106% below its 5-year average of 411.8x. Over the past five years, HP's P/E has ranged from a low of 8.6x to a high of 7375.4x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Energy sector median P/E of 16.9x, HP trades at a 242% discount to its sector peers. The sector includes 174 companies with P/E ratios ranging from 3.2x to 190.3x.
Relative to the broader market, HP trades at a notable discount to the S&P 500 median P/E of 25.2x. 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 HP 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.
HP P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $2B | 5.8 | -Best | +177% | |
| $629M | 3.7Lowest | -Best | +417%Best | |
| $2B | 87.3 | -Best | -33% | |
| $83B | 23.5 | -Best | -24% | |
| $34B | 26.9 | -Best | -47% | |
| $66B | 25.6 | -Best | -13% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
HP Historical P/E Data (1990–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q2 | Mon Mar 31 2025 00:00:00 GM | $26.12 | $2.18 | 12.0x | -89% |
| FY2025 Q1 | $32.02 | $3.01 | 10.6x | -90% | |
| FY2024 Q4 | Mon Sep 30 2024 00:00:00 GM | $30.42 | $3.41 | 8.9x | -92% |
| FY2024 Q3 | Sun Jun 30 2024 00:00:00 GM | $36.14 | $3.43 | 10.5x | -90% |
| FY2024 Q2 | Sun Mar 31 2024 00:00:00 GM | $42.06 | $3.48 | 12.1x | -89% |
| FY2024 Q1 | Sun Dec 31 2023 00:00:00 GM | $36.22 | $4.19 | 8.6x | -92% |
| FY2023 Q4 | Sat Sep 30 2023 00:00:00 GM | $42.16 | $4.16 | 10.1x | -91% |
| FY2023 Q3 | Fri Jun 30 2023 00:00:00 GM | $35.45 | $3.82 | 9.3x | -92% |
| FY2023 Q2 | Fri Mar 31 2023 00:00:00 GM | $35.75 | $3.06 | 11.7x | -89% |
| FY2023 Q1 | Sat Dec 31 2022 00:00:00 GM | $49.57 | $1.47 | 33.8x | -69% |
| FY2022 Q4 | Fri Sep 30 2022 00:00:00 GM | $36.97 | $0.08 | 485.8x | +341% |
| FY2019 Q2 | Sun Mar 31 2019 00:00:00 GM | $55.56 | $0.67 | 83.4x | -24% |
Average P/E for displayed period: 110.2x
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Start ComparisonHP — Frequently Asked Questions
Quick answers to the most common questions about buying HP stock.
Is HP stock overvalued or undervalued?
HP trades at -24.0x P/E, below its 5-year average of 411.8x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does HP's valuation compare to peers?
Helmerich & Payne, Inc. P/E of -24.0x compares to sector median of 16.9x. The discount suggests lower growth expectations or higher risk.
What is HP's PEG ratio?
HP PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1990-2025.