HP Inc. (HPQ) Valuation
Historical valuation analysis based on 1279 data points (2021-09-14 to 2026-10-16)
HP is a behemoth in the PC and printing markets. It has focused on these markets since it exited IT infrastructure in 2015 with the split from Hewlett Packard Enterprise. HP focuses on the commerci...
HP Inc. (HPQ) currently trades at a P/E ratio of 11.04 (historical range: 4.17–14.45, median: 9.66), placing it at the 64th percentile — above its historical average, P/S ratio of 0.46 (range: 0.30–0.77, 26th percentile — below its historical average), EV/EBITDA of 10.43 (range: 6.19–12.78, 73th percentile).
Over the historical period (2021-09-14 to 2026-10-16), HP Inc.'s P/E ratio has expanded by 12% over the observed period (from an average of 8.9 to 10.0).
HP Inc. trades near its historical valuation range, with most metrics close to their median levels.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 11.04 | 9.66 | 64th | above its historical average |
| P/S Ratio | 0.46 | 0.52 | 26th | below its historical average |
| EV/EBITDA | 10.43 | 9.33 | 73th | above its historical average |
| FCF Yield | 14.34% | 11.45% | 72th | below its historical average |
HP Inc. (HPQ) Valuation & P/E History
HP Inc. (HPQ) is a US-listed stock operating in the Technology sector, specifically the Computer & Office Equipment industry currently trading at $30.00 with a market capitalization of $27.1 billion. This page provides historical valuation analysis for HPQ based on 1279 data points covering 2021-09-14 to 2026-10-16. The P/E ratio of 11.04 is above the historical median of 9.66, placing HPQ at the 64th percentile of its valuation range. The P/S ratio of 0.46 compares to a median of 0.52.
HPQ Valuation Metrics & Historical Range
The valuation table above shows HP Inc.'s current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether HPQ is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests HPQ is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for HP Inc..
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is HPQ Overvalued or Undervalued?
HP Inc. trades near its historical valuation range, with most metrics close to their median levels. The overall valuation percentile of 54 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive HPQ is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full HPQ analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.HPQ trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.