H&R Block, Inc. (HRB) P/E Ratio History
UndervaluedTrading at 7.5x vs 5Y avg 10.7x · 20th percentile · Below historical baseline · Data 1990–2026
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P/E Ratio Analysis
As of September 23, 2026, H&R Block, Inc. (HRB) trades at a price-to-earnings ratio of 7.5x, with a stock price of $42.86 and trailing twelve-month earnings per share of $5.78.
The current P/E is 30% below its 5-year average of 10.7x. Over the past five years, HRB's P/E has ranged from a low of 4.7x to a high of 15.5x, placing the current valuation at the 20th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 19.3x, HRB trades at a 61% discount to its sector peers. The sector includes 310 companies with P/E ratios ranging from 0.0x to 184.9x.
The PEG ratio of 0.53 (P/E divided by 30% EPS growth) suggests the stock may be undervalued 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, HRB trades at a notable discount to the S&P 500 median P/E of 25.5x. 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 HRB 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.
HRB Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
HRB P/E vs Peers
Specialty Consumer Services peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $80B | 21.4 | 1.47 | +31% | |
| $27B | 34.0 | 7.55 | +10% | |
| $5B | 22.8 | 0.80 | +13% | |
| $25B | 7.3Lowest | 0.21Best | +18% | |
| $6B | 21.4 | - | +13% | |
| $292B | 18.5 | 1.18 | +27% | |
| $3.7T | 27.7 | 1.59 | +32% | |
| $4.2T | 32.5 | 1.09 | +34% | |
| $621M | 13.3 | 0.26 | +64%Best |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
HRB Historical P/E Data (1990–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q4 | - | $38.08 | $5.74 | 6.6x | -95% |
| FY2026 Q3 | - | $31.74 | $5.63 | 5.6x | -95% |
| FY2026 Q2 | Dec 31 2025 | $43.58 | $4.35 | 10.0x | -92% |
| FY2026 Q1 | - | $50.57 | $4.46 | 11.3x | -91% |
| FY2025 Q4 | Jun 30 2025 | $54.89 | $4.48 | 12.3x | -90% |
| FY2025 Q3 | Mar 31 2025 | $54.91 | $4.09 | 13.4x | -89% |
| FY2025 Q2 | - | $52.84 | $3.63 | 14.6x | -88% |
| FY2025 Q1 | Sep 30 2024 | $63.55 | $4.11 | 15.5x | -87% |
| FY2024 Q4 | Jun 30 2024 | $54.23 | $4.23 | 12.8x | -89% |
| FY2024 Q3 | Mar 31 2024 | $49.11 | $4.38 | 11.2x | -91% |
| FY2024 Q2 | Dec 31 2023 | $48.37 | $3.64 | 13.3x | -89% |
| FY2024 Q1 | Sep 30 2023 | $43.06 | $3.53 | 12.2x | -90% |
| FY2023 Q4 | Jun 30 2023 | $31.87 | $3.60 | 8.9x | -93% |
| FY2023 Q3 | Mar 31 2023 | $35.25 | $3.00 | 11.8x | -90% |
| FY2023 Q2 | Dec 31 2022 | $36.51 | $2.94 | 12.4x | -90% |
| FY2023 Q1 | Sep 30 2022 | $42.54 | $3.27 | 13.0x | -89% |
| FY2022 Q4 | - | $35.32 | $3.47 | 10.2x | -92% |
| FY2022 Q3 | - | $26.04 | $2.69 | 9.7x | -92% |
| FY2022 Q1 | - | $25.00 | $5.33 | 4.7x | -96% |
| FY2021 Q4 | Jun 30 2021 | $23.48 | $4.91 | 4.8x | -96% |
| FY2021 Q3 | Apr 30 2021 | $22.26 | $6.70 | 3.3x | -97% |
| FY2021 Q2 | Jan 31 2021 | $17.23 | $5.44 | 3.2x | -97% |
| FY2020 Q2 | Jan 31 2020 | $23.20 | $1.93 | 12.0x | -90% |
| FY2020 Q1 | - | $24.99 | $1.98 | 12.6x | -90% |
| FY2019 Q4 | Jul 31 2019 | $27.69 | $2.07 | 13.4x | -89% |
| FY2019 Q3 | - | $27.21 | $2.07 | 13.1x | -89% |
| FY2019 Q2 | - | $23.59 | $3.20 | 7.4x | -94% |
| FY2019 Q1 | Oct 31 2018 | $26.54 | $2.65 | 10.0x | -92% |
| FY2018 Q4 | - | $25.16 | $2.78 | 9.1x | -93% |
| FY2018 Q3 | Apr 30 2018 | $27.65 | $2.89 | 9.6x | -92% |
| FY2018 Q2 | Jan 31 2018 | $26.54 | $1.22 | 21.8x | -82% |
| FY2018 Q1 | - | $24.74 | $1.89 | 13.1x | -89% |
| FY2017 Q4 | Jul 31 2017 | $30.50 | $1.94 | 15.7x | -87% |
| FY2017 Q3 | Apr 30 2017 | $24.79 | $2.01 | 12.3x | -90% |
| FY2017 Q2 | - | $21.46 | $1.39 | 15.4x | -87% |
| FY2017 Q1 | Oct 31 2016 | $22.97 | $1.54 | 14.9x | -88% |
| FY2016 Q4 | Jul 31 2016 | $23.79 | $1.68 | 14.2x | -88% |
| FY2016 Q3 | Apr 30 2016 | $20.24 | $1.88 | 10.8x | -91% |
| FY2016 Q2 | Jan 31 2016 | $34.05 | $1.43 | 23.8x | -80% |
| FY2016 Q1 | Oct 31 2015 | $37.26 | $1.65 | 22.6x | -81% |
| FY2015 Q4 | Jul 31 2015 | $33.29 | $1.78 | 18.7x | -85% |
| FY2015 Q3 | - | $30.24 | $1.72 | 17.6x | -86% |
| FY2015 Q2 | Jan 31 2015 | $34.28 | $2.33 | 14.7x | -88% |
| FY2015 Q1 | Oct 31 2014 | $32.31 | $1.68 | 19.2x | -84% |
| FY2014 Q4 | - | $32.13 | $1.71 | 18.8x | -85% |
| FY2014 Q3 | Apr 30 2014 | $28.42 | $1.71 | 16.6x | -86% |
| FY2014 Q2 | Jan 31 2014 | $30.40 | $0.84 | 36.2x | -70% |
| FY2014 Q1 | - | $28.44 | $1.55 | 18.3x | -85% |
| FY2013 Q4 | Jul 31 2013 | $31.43 | $1.54 | 20.3x | -83% |
| FY2013 Q3 | - | $27.74 | $1.57 | 17.6x | -86% |
| FY2013 Q2 | - | $22.77 | $1.14 | 19.9x | -84% |
| FY2013 Q1 | Oct 31 2012 | $17.70 | $1.20 | 14.8x | -88% |
| FY2012 Q4 | - | $16.13 | $1.12 | 14.4x | -88% |
| FY2012 Q3 | Apr 30 2012 | $14.70 | $0.94 | 15.7x | -87% |
| FY2005 Q2 | Jan 31 2005 | $24.16 | $0.03 | 805.3x | +562% |
| FY2005 Q1 | Oct 31 2004 | $23.78 | $0.05 | 475.6x | +291% |
| FY2004 Q4 | Jul 31 2004 | $24.57 | $0.23 | 106.8x | -12% |
| FY2004 Q3 | Apr 30 2004 | $22.56 | $0.39 | 57.8x | -52% |
| FY2004 Q2 | Jan 31 2004 | $28.96 | $0.26 | 111.4x | -8% |
| FY2004 Q1 | Oct 31 2003 | $23.55 | $0.33 | 71.4x | -41% |
| FY2003 Q4 | - | $21.20 | $0.20 | 106.0x | -13% |
| FY2003 Q3 | Apr 30 2003 | $19.31 | $0.14 | 134.4x | +10% |
| FY2003 Q2 | Jan 31 2003 | $18.95 | $0.17 | 113.5x | -7% |
| FY1999 Q1 | Oct 31 1998 | $11.20 | $0.29 | 38.3x | -69% |
| FY1998 Q4 | Jul 31 1998 | $10.63 | $0.27 | 39.0x | -68% |
| FY1998 Q3 | - | $11.25 | $0.25 | 45.5x | -63% |
| FY1998 Q2 | Jan 31 1998 | $10.97 | $0.14 | 78.5x | -36% |
| FY1996 Q1 | - | $10.31 | $0.01 | 1085.3x | +792% |
| FY1995 Q4 | Jul 31 1995 | $9.38 | $0.03 | 354.0x | +191% |
| FY1995 Q3 | Apr 30 1995 | $10.53 | $0.01 | 1504.3x | +1136% |
| FY1995 Q1 | Oct 31 1994 | $11.09 | $0.01 | 1167.4x | +860% |
| FY1994 Q4 | Jul 31 1994 | $9.75 | $0.01 | 975.0x | +701% |
| FY1994 Q3 | Apr 30 1994 | $10.63 | $0.00 | 2472.1x | +1932% |
| FY1994 Q2 | Jan 31 1994 | $10.97 | $0.44 | 24.7x | -80% |
| FY1994 Q1 | Oct 31 1993 | $9.97 | $0.43 | 22.9x | -81% |
| FY1993 Q4 | Jul 31 1993 | $9.00 | $0.43 | 21.1x | -83% |
| FY1993 Q3 | Apr 30 1993 | $8.66 | $0.42 | 20.5x | -83% |
| FY1993 Q2 | Jan 31 1993 | $9.53 | $0.37 | 25.6x | -79% |
| FY1993 Q1 | Oct 31 1992 | $9.41 | $0.36 | 25.8x | -79% |
| FY1992 Q4 | Jul 31 1992 | $8.59 | $0.37 | 23.4x | -81% |
| FY1992 Q3 | - | $8.09 | $0.37 | 21.7x | -82% |
| FY1992 Q2 | Jan 31 1992 | $9.00 | $0.35 | 25.5x | -79% |
| FY1992 Q1 | - | $8.34 | $0.33 | 25.7x | -79% |
| FY1991 Q4 | Jul 31 1991 | $7.41 | $0.33 | 22.8x | -81% |
| FY1991 Q3 | - | $6.45 | $0.33 | 19.8x | -84% |
| FY1991 Q2 | - | $5.91 | $0.28 | 21.5x | -82% |
| FY1991 Q1 | Oct 31 1990 | $4.81 | $0.28 | 17.2x | -86% |
| FY1990 Q4 | - | $5.16 | $0.29 | 18.0x | -85% |
| FY1990 Q3 | Apr 30 1990 | $4.33 | $0.29 | 15.0x | -88% |
Average P/E for displayed period: 121.7x
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Historical Returns
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Peer Comparison
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HRB — Frequently Asked Questions
Quick answers to the most common questions about buying HRB stock.
What is HRB's P/E ratio?
H&R Block, Inc. (HRB) trailing twelve-month P/E ratio is 7.5x, based on TTM diluted EPS of $5.78. The 5-year average P/E is 10.7x and the historical range spans 4.7x to 15.5x.
Is HRB stock overvalued or undervalued?
HRB trades at 7.5x P/E, below its 5-year average of 10.7x. At the 20th percentile of its historical range (4.7x–15.5x), the stock is priced at a discount to its own history.
Is HRB stock expensive?
No, HRB is not expensive on a historical basis. The current P/E of 7.5x is below the 5-year average of 10.7x and sits at the 20th percentile of its valuation range.
What is HRB's historical P/E range?
Over the past 5 years, HRB's P/E ratio has ranged from 4.7x to 15.5x, with a median of 11.8x and an average of 10.7x. The current P/E of 7.5x places the stock at the 20th percentile of this range. Full historical data spans 1990–2026.
How does HRB's P/E compare to the S&P 500?
HRB trades at 7.5x P/E versus the S&P 500 median of 25.5x. The 71% discount to the market suggests lower growth expectations or perceived higher risk.
How does HRB's valuation compare to Consumer Cyclical peers?
H&R Block, Inc. P/E of 7.5x compares to the Consumer Cyclical sector median of 19.3x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is HRB's PEG ratio?
HRB PEG ratio is 0.53, based on a P/E of 7.5x and EPS growth of 29.6%. A PEG below 1.0 indicates the valuation is supported by the earnings growth rate — typically considered attractive.
What is HRB's earnings yield?
HRB earnings yield is 13.28%, the inverse of its 7.5x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.