Start with its own history
At 22.49×, HD is 2.9% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · HDHome ImprovementUpdated Oct 22, 2026
The Home Depot, Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
22.49×
2.9% belowthe 10-year annual average
Share price327.73
÷Earnings per share14.57
Price and EPS in quote currency. Calculation details
Investors are paying 22.49 for every 1 of reported earnings per share.
P/E over time
2017 – 2026
Annual P/ESelected-period average 23.17×
3-year average25.76×3 positive annual observations
5-year average23.92×5 positive annual observations
10-year average23.17×10 positive annual observations
Peer median · TTM23.46×6 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Feb 1, 2026 | 26.50× | -3.0% |
| Feb 2, 2025 | 27.32× | +16.5% |
| Jan 28, 2024 | 23.46× | +25.0% |
| Jan 29, 2023 | 18.77× | -20.3% |
| Jan 30, 2022 | 23.54× | +4.4% |
| Jan 31, 2021 | 22.54× | +1.7% |
| Jan 31, 2020 | 22.17× | +18.1% |
| Jan 31, 2019 | 18.77× | -31.5% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Jan 31, 2018 | 27.41× | +28.9% |
| Jan 31, 2017 | 21.26× | -7.7% |
| Jan 31, 2016 | 23.04× | +4.6% |
| Jan 31, 2015 | 22.03× | +8.4% |
| Jan 31, 2014 | 20.33× | -7.9% |
| Jan 31, 2013 | 22.09× | +23.9% |
| Jan 31, 2012 | 17.83× | -1.6% |
| Jan 31, 2011 | 18.11× | +0.8% |
| Jan 31, 2010 | 17.97× | +11.8% |
| Jan 31, 2009 | 16.07× | +24.8% |
| Jan 31, 2008 | 12.87× | -11.5% |
| Jan 31, 2007 | 14.55× | -2.0% |
| Jan 31, 2006 | 14.85× | -18.3% |
| Jan 31, 2005 | 18.18× | -3.7% |
| Jan 31, 2004 | 18.87× | +41.7% |
| Jan 31, 2003 | 13.31× | -65.5% |
| Jan 31, 2002 | 38.53× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How HD compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 HD This stockThe Home Depot, Inc. | 22.49× |
 LOWLowe's Companies, Inc. | 17.26× |
 FNDFloor & Decor Holdings, Inc. | 22.40× |
 KGFHYKingfisher plc | 19.82× |
 URIUnited Rentals, Inc. | 24.52× |
 SITESiteOne Landscape Supply, Inc. | 28.19× |
 WFAFFWesfarmers Limited | 31.48× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does HD’s P/E tell you?
Compare like with like
The median of the 6 positive peer ratios above is 23.46×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take HD into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("HD", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 327.73 ÷ EPS 14.57 = 22.49×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Oct 22, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
HD P/E ratio: common questions
The essentials behind the numbers.
The Home Depot, Inc.'s current P/E is 22.49× based on the quote data last updated Oct 22, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.