P/E ratio for HP (HPQ)
P/E ratio as of May 2024 (TTM): 13.4
According to HP's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.4132. At the end of 2022 the company had a P/E ratio of 8.84.
P/E ratio history for HP from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.84 | 29.61% |
| 2021 | 6.82 | -43.94% |
| 2020 | 12.2 | 23.21% |
| 2019 | 9.88 | 58.87% |
| 2018 | 6.22 | -55.6% |
| 2017 | 14.0 | 36.86% |
| 2016 | 10.2 | 116.96% |
| 2015 | 4.72 | -31.15% |
| 2014 | 6.85 | 42.88% |
| 2013 | 4.79 | -576.43% |
| 2012 | -1.01 | -128.99% |
| 2011 | 3.47 | -30.82% |
| 2010 | 5.02 | -31.35% |
| 2009 | 7.31 | 48.15% |
| 2008 | 4.93 | -40.81% |
| 2007 | 8.34 | -0.62% |
| 2006 | 8.39 | -47.1% |
| 2005 | 15.9 | 93.14% |
| 2004 | 8.21 | -33.89% |
| 2003 | 12.4 | -114.18% |
| 2002 | -87.6 | -297.21% |
| 2001 | 44.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Microsoft MSFT | 36.5 | 172.15% | 🇺🇸 USA |
 Apple AAPL | 29.4 | 118.95% | 🇺🇸 USA |
 Intel INTC | -78.2 | -682.82% | 🇺🇸 USA |
 Cisco CSCO | 16.1 | 19.84% | 🇺🇸 USA |
 Oracle ORCL | 35.1 | 161.32% | 🇺🇸 USA |
 IBM IBM | 22.1 | 64.62% | 🇺🇸 USA |
 Xerox XRX | 13.2 | -1.41% | 🇺🇸 USA |
 Supermicro SMCI | 82.5 | 514.73% | 🇺🇸 USA |
 Canon 7751.T | 14.6 | 9.10% | 🇯🇵 Japan |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.