HP Inc. (HPQ) valuation
HP P/E ratio history
HP trades at 11.0 times its earnings over the last twelve months and 9.1 times the earnings analysts expect over the next twelve. At its last 10 fiscal year ends its P/E ranged from 5.7 (year to Oct 2021) to 14.6 (year to Oct 2017), with a median of 9.2.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Oct 31, 2025 | $27.67 | $2.65 | 10.4 | 8.4 |
| Oct 31, 2024 | $35.52 | $2.81 | 12.6 | 10.0 |
| Oct 31, 2023 | $26.33 | $3.26 | 8.1 | 7.7 |
| Oct 31, 2022 | $27.62 | $2.98 | 9.3 | 7.2 |
| Oct 31, 2021 | $30.33 | $5.36 | 5.7 | 7.7 |
| Oct 31, 2020 | $17.96 | $1.98 | 9.1 | — |
| Oct 31, 2019 | $17.37 | $2.07 | 8.4 | — |
| Oct 31, 2018 | $24.14 | $3.26 | 7.4 | — |
| Oct 31, 2017 | $21.55 | $1.48 | 14.6 | — |
| Oct 31, 2016 | $14.49 | $1.43 | 10.1 | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
HP valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| HPHPQ | $26.3B | 11.0 | 9.1 | 0.4 |
| GarminGRMN | $52.6B | 26.2 | 24.5 | 6.7 |
| Dell TechnologiesDELL | $275B | 24.7 | 15.1 | 1.8 |
| SonosSONO | $1.93B | 35.2 | 12.6 | 1.3 |
| AppleAAPL | $5.06T | 39.6 | 36.8 | 10.8 |
| Peer median | 30.7 | 19.8 | 4.2 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: HPQ financials · HPQ returns
No forecast, no recommendation. This page describes HP Inc. from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.