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Hewlett Packard Enterprise Co (NYSE:HPE) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Hewlett Packard Enterprise Co Forward PE Ratio Related Terms
Hewlett Packard Enterprise Co Forward PE Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Hewlett Packard Enterprise Co Forward PE Ratio Chart
Hewlett Packard Enterprise Co Annual Data
Trend
2016-10
2017-10
2018-10
2019-10
2020-10
2021-10
2022-10
2023-10
2024-10
2025-10
Forward PE Ratio
10.71
12.21
9.20
8.98
5.47
7.39
7.01
7.11
9.26
9.83
Hewlett Packard Enterprise Co Quarterly Data
2016-01
2016-04
2016-07
2016-10
2017-01
2017-04
2017-07
2017-10
2018-01
2018-04
2018-07
2018-10
2019-01
2019-04
2019-07
2019-10
2020-01
2020-04
2020-07
2020-10
2021-01
2021-04
2021-07
2021-10
2022-01
2022-04
2022-07
2022-10
2023-01
2023-04
2023-07
2023-10
2024-01
2024-04
2024-07
2024-10
2025-01
2025-04
2025-07
2025-10
2026-01
2026-04
Forward PE Ratio
6.91
8.29
10.22
10.71
11.06
12.63
13.26
12.21
13.99
12.22
10.12
9.20
9.58
9.74
8.22
8.98
7.60
5.80
7.07
5.47
7.43
8.90
7.41
7.39
7.87
7.30
6.53
7.01
7.86
6.92
7.90
7.11
8.34
9.30
9.74
9.26
11.43
9.07
9.69
9.83
9.10
11.65
HPE vs LITE, MSI, CIEN: Forward PE Ratio Comparison
For the Communication Equipment subindustry, Hewlett Packard Enterprise Co's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Hewlett Packard Enterprise Co Forward PE Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Hewlett Packard Enterprise Co's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Hewlett Packard Enterprise Co's Forward PE Ratio falls into.
Hewlett Packard Enterprise Co Forward PE Ratio Calculation
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Hewlett Packard Enterprise Co (HPE) has a Forward PE Ratio of 11.34 as of Jul. 18, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Hewlett Packard Enterprise Co and its competitors. According to the industry distribution chart, Hewlett Packard Enterprise Co ranks #173 out of 1018 companies in the Hardware industry, placing it in the top 17%.
Is Hewlett Packard Enterprise Co's Forward PE Ratio too high?
Hewlett Packard Enterprise Co's current Forward PE Ratio is 11.34. The Hardware industry median Forward PE Ratio is 21.83. Hewlett Packard Enterprise Co's value of 11.34 is 48% below this industry median. Based on the distribution chart, Hewlett Packard Enterprise Co ranks #173 out of 1018 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Hewlett Packard Enterprise Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hewlett Packard Enterprise Co's Forward PE Ratio compare to LITE and MSI?
According to the Hardware industry distribution chart, Hewlett Packard Enterprise Co ranks #173 out of 1018 companies for Forward PE Ratio. This places Hewlett Packard Enterprise Co in the top 17% of its industry — outperforming the majority of peers. The industry median Forward PE Ratio is 21.83. Hewlett Packard Enterprise Co's value of 11.34 is 48% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Hardware company?
The median Forward PE Ratio among Hardware companies is 21.83, based on 1,018 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hewlett Packard Enterprise Co's current Forward PE Ratio of 11.34 is 48% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Hewlett Packard Enterprise Co and its competitors. For the Hardware industry, the median Forward PE Ratio is 21.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hewlett Packard Enterprise Co's current Forward PE Ratio is 11.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hewlett Packard Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Hewlett Packard Enterprise Co (HPE) is currently considered Significantly Overvalued. The stock's GF Value™ is $24.81, compared to a current price of $45.82 — trading 84.7% above its estimated fair value. The current Forward PE Ratio is 11.34 and 48% below the Hardware industry median of 21.83. Hewlett Packard Enterprise Co's overall GF Score™ is 69/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Hewlett Packard Enterprise Co (HPE), the current Forward PE Ratio is 11.34 as of Jul. 18, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Hewlett Packard Enterprise Co (HPE) Overvalued in 2026?
Based on GuruFocus' analysis, Hewlett Packard Enterprise Co stock appears to be overvalued.
The current stock price of $45.82 is trading 84.7% above its estimated GF Value™ of $24.81.
GuruFocus considers Hewlett Packard Enterprise Co to be Significantly Overvalued.
Key valuation signals for HPE:
Forward PE Ratio: 11.34
GF Value™: $24.81 vs. price of $45.82 (84.7% above fair value)
Industry Position: 48% below the Hardware median (#173 of 1018)
No single metric tells the full story. See the HPE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hewlett Packard Enterprise Co Business Description
Hewlett Packard Enterprise is an information technology vendor that provides hardware and software to enterprises. Its primary product lines are compute servers, storage arrays, and networking equipment; it also has a high-performance computing business. HPE's stated goal is to be a complete edge-to-cloud company. Its portfolio enables hybrid clouds and hyperconverged infrastructure.
69GF Score
Get the complete analysis for HPE
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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