P/E ratio for HP (HPQ)
P/E ratio as of March 2023 (TTM): 11.0
According to HP's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.0324. At the end of 2021 the company had a P/E ratio of 6.82.
P/E ratio history for HP from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Microsoft MSFT | 30.6 | 177.73% | 🇺🇸 USA |
 Apple AAPL | 26.7 | 142.35% | 🇺🇸 USA |
 Intel INTC | 14.8 | 34.26% | 🇺🇸 USA |
 Cisco CSCO | 18.4 | 67.19% | 🇺🇸 USA |
 Oracle ORCL | 28.8 | 161.04% | 🇺🇸 USA |
 IBM IBM | 71.4 | 547.57% | 🇺🇸 USA |
 Xerox XRX | -6.98 | -163.28% | 🇺🇸 USA |
 Supermicro SMCI | 10.1 | -8.70% | 🇺🇸 USA |
 Canon CAJ | 12.1 | 10.06% | 🇯🇵 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.