No not just apple. 5 others too. Only Apple has mostly kept moving forward without troubles. Not including a major hardware maker like Apple would be unfair. Besides their number back then was 13.7 or so. All of the others have had a bad quarter or more from time to time (last 1-3 years), yet I guess the market places higher values on them because HP has really had way more adversity. Again future PE ? I believe that at least one of the post split entities will be higher valued than the other to the extent that today's share price will be doubled in 1 to 2 years post divesting. That is I'm saying if you have 100 shares today that are worth $ 3,500 in 1 to 2 years I don't know how many shares of each entity you will have but together both will be $ 7,000.
Certainly that PE? post split up is just that a ? Back in February I did a little checking up on PEs' of HP and 6 other brand name outfits (Apple, Cisco, IBM, Intel, Microsift & Oracle) and of course HP was the laggard of the group with a FY 15 PE of 9.55 and the others averaged out to about 14.5. Still with today's pricing HP is right in that neighborhood of 9.5 -10. I guess the sins of the past and future ? are still keeping HPs' share price being held down. Looking at the average multiple though of those other 6 and the HP share price would be about $ 52.93 today. My thinking is that the closer it comes to the split the higher the PE will go. Maybe the multiples will be something like a Sears Allstate Insurance after splitting. In that case one went way up in value and the other might be on its last leg at this point. Have a good holiday week-end.