HP Inc. (HPQ) P/E Ratio History
Historical price-to-earnings valuation from 1990 to 2026
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HPQ Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 7, 2026, HP Inc. (HPQ) trades at a price-to-earnings ratio of 8.1x, with a stock price of $21.41 and trailing twelve-month earnings per share of $2.69.
The current P/E is 16% below its 5-year average of 9.6x. Over the past five years, HPQ's P/E has ranged from a low of 5.6x to a high of 14.3x, placing the current valuation at the 30th percentile of its historical range.
Compared to the Technology sector median P/E of 27.5x, HPQ trades at a 71% discount to its sector peers. The sector includes 357 companies with P/E ratios ranging from 0.0x to 175.4x.
The PEG ratio of 1.40 (P/E divided by -6% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, HPQ 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 HPQ 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.
HPQ P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $4.2T | 38.5 | 2.16 | +23% | |
| $3.1T | 30.3Lowest | 1.61 | +16% | |
| $687B | 159.0 | 30.79 | +165% | |
| $5.0T | 42.4 | 0.44Best | +67% | |
| $752B | 87.9 | 3.35 | +984%Best | |
| $2.0T | 89.2 | 1.79 | +288% | |
| $203B | 38.5 | 18.49 | -44% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
HPQ Historical P/E Data (1990–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | Sat Jan 31 2026 00:00:00 GM | $19.44 | $2.64 | 7.4x | -13% |
| FY2025 Q4 | Fri Oct 31 2025 00:00:00 GM | $27.67 | $2.65 | 10.4x | +24% |
| FY2025 Q3 | $24.80 | $2.73 | 9.1x | +7% | |
| FY2025 Q2 | Wed Apr 30 2025 00:00:00 GM | $25.57 | $2.58 | 9.9x | +17% |
| FY2025 Q1 | Fri Jan 31 2025 00:00:00 GM | $32.50 | $2.77 | 11.7x | +39% |
| FY2024 Q4 | $35.52 | $2.80 | 12.7x | +50% | |
| FY2024 Q3 | Wed Jul 31 2024 00:00:00 GM | $36.09 | $2.85 | 12.7x | +50% |
| FY2024 Q2 | $28.09 | $2.96 | 9.5x | +12% | |
| FY2024 Q1 | Wed Jan 31 2024 00:00:00 GM | $28.71 | $3.42 | 8.4x | -1% |
| FY2023 Q4 | $26.33 | $3.27 | 8.1x | -5% | |
| FY2023 Q3 | Mon Jul 31 2023 00:00:00 GM | $32.83 | $2.30 | 14.3x | +69% |
| FY2023 Q2 | Sun Apr 30 2023 00:00:00 GM | $29.71 | $2.62 | 11.3x | +34% |
Average P/E for displayed period: 8.5x
Full HPQ Stock Analysis
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Start ComparisonHPQ — Frequently Asked Questions
Quick answers to the most common questions about buying HPQ stock.
Is HPQ stock overvalued or undervalued?
HPQ trades at 8.1x P/E, near its 5-year average of 9.6x. The 30th percentile ranking places valuation within normal historical bounds.
How does HPQ's valuation compare to peers?
HP Inc. P/E of 8.1x compares to sector median of 27.5x. The discount suggests lower growth expectations or higher risk.
What is HPQ's PEG ratio?
HPQ PEG ratio is 1.40. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 1990-2026.