HP Inc. valuation stays muted, shares trade on single-digit earnings multiple

By Stefan Krueger, Long-Term & Business Model desk. Reviewed prior to publication on 2026-06-29, 10:40.

HP Inc. (US40434L1052) sits in the spotlight on the NYSE with a noticeably subdued valuation profile. The company’s shares trade on a single-digit price-to-earnings multiple, markedly below many large-cap technology peers, according to recent analyst commentary from Simply Wall St.Recent valuation analysis on HP by Simply Wall St

What the valuations show

HP, listed under the ticker HPQ on the NYSE, currently changes hands around 22.90 US dollars, based on the latest closing data reported by MarketBeat for June 26, 2026.MarketBeat overview of HPQ news and recent closing price At that level, Simply Wall St estimates the stock trades on a price-to-earnings multiple of roughly 8.2 times, versus an estimated technology industry average near 23.25 times.Simply Wall St comparison of HP’s P/E to tech peers

The same analysis notes HP’s broader peer group, which includes higher-growth software and hardware names, carries an average multiple closer to 45.27 times earnings.Simply Wall St peer group valuation metrics for HP That gap underscores how investors currently price HP’s more mature personal systems and printing businesses, despite recent efforts to highlight AI-enabled devices and digital employee experience offerings.StockTitan aggregation of HP Inc. product and strategy updates

How the shares have performed

Performance metrics from the same Simply Wall St note paint a mixed picture. HP shares are up about 3.4 percent year to date, but they have declined approximately 2.8 percent over the past week, 15.4 percent over the past month and 1.7 percent over the past twelve months.Simply Wall St breakdown of HP’s recent share price performance This combination of modest year-to-date gains and a pronounced one-month pullback fits the picture of a stock where sentiment has cooled despite a still-profitable underlying business.

MarketBeat data show HP’s last reported regular-session close at 22.90 US dollars on June 26, 2026, with a small uptick in extended trading to 22.92 US dollars at 04:19 a.m. Eastern time.MarketBeat extended trading snapshot for HPQ shares Against that backdrop, volatility in the past month reflects investor reactions to macro uncertainty and sector rotation within US technology names more broadly, where higher-growth software and AI-focused platforms have drawn much of the attention.

The business behind the stock

Behind the HP stock is a diversified technology business with significant exposure to personal computing and printing solutions. HP’s Personal Systems segment spans commercial and consumer PCs, notebooks and workstations, including AI-enabled HP EliteBook, ProBook and Z series devices designed for corporate use and creative professionals.StockTitan summary of HP’s device portfolio and AI PC initiatives These systems increasingly integrate specialized hardware to support new Windows experiences and AI workloads on the device.

The Printing segment covers home and office printers, supplies and managed print services, where HP’s portfolio includes LaserJet products as well as solutions aimed at enterprise workflows and security. HP also highlights its Workforce Experience Platform for digital employee experience management, which Gartner recognized as a Leader in its 2026 Magic Quadrant for such tools, underlining how software and services now complement the hardware-centric core of the company.StockTitan note on Gartner’s 2026 DEX recognition for HP’s Workforce Experience Platform

Where the stock trades today

HP Inc. shares (US40434L1052) trade on the NYSE under the ticker HPQ and last closed at 22.90 US dollars on 2026-06-26 at 15:59 Eastern time, according to MarketBeat data.MarketBeat quote page for HPQ with latest closing information Extended trading indicated 22.92 US dollars at 04:19 Eastern time on the same day, giving retail investors a recent reference point for the shares.

Disclaimer: This article is for informational purposes only and does not constitute investment advice, tax advice or a recommendation to buy or sell any securities. All data are based on sources cited in the text and may change without notice.