Is ALAB or HPE cheaper?

On trailing earnings, HPE is cheaper: ALAB trades at a 248.07 P/E and HPE at 45.88.

Does ALAB or HPE pay a bigger dividend?

HPE pays a dividend (1.13% yield) while ALAB does not currently pay one.

Is ALAB or HPE more profitable?

ALAB runs the higher net margin — ALAB at 26.72% versus HPE at 3.90%.

Astera Labs, Inc. Common Stock (ALAB) vs Hewlett Packard Enterprise Company (HPE)

HPE leads on 6 of 11 compared metrics.

A side-by-side comparison of Astera Labs, Inc. Common Stock and Hewlett Packard Enterprise Company across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

ALAB

Astera Labs, Inc. Common Stock

$62.93B

$367.15Technology

HPE

Hewlett Packard Enterprise Company

$63.79B

$48.17Technology

Total return — ALAB vs HPE

growth of $100 · last 2y

ALAB +491.9%HPE +184.5%ALAB compounded faster

ALAB HPE

ALAB vs HPE: by the numbers

•HPE is the larger company ($63.79B vs $62.93B market cap).
•HPE trades at the lower earnings multiple (45.88 vs 248.07 P/E).
•ALAB converts more revenue to profit (26.72% vs 3.90% net margin).
•HPE pays a dividend (1.13% yield) while ALAB does not currently pay one.

Which is better, ALAB or HPE?

Metric tally: ALAB 5 · HPE 6

It depends on what you're optimizing for:

ValueHPE(lower P/E)

QualityALAB(higher ROIC)

Valuation

Metric	ALAB	HPE
P/E ratio	248.07	45.88●
Forward P/E	85.32	14.32●
P/S ratio	66.42	1.77●
P/B ratio	44.52	2.73●
PEG ratio	—	2.28
EV / EBITDA	237.61	27.07●
FCF yield	0.52%	8.18%●

Profitability

Metric	ALAB	HPE
Gross margin	75.99%●	32.92%
Operating margin	22.36%●	6.60%
Net margin	26.72%●	3.90%
ROE	17.91%●	6.00%
ROIC	12.40%●	-0.59%

Dividends

Metric	ALAB	HPE
Dividend yield	—	1.13%

Growth (annualized)

Metric	ALAB	HPE
Revenue CAGR (5Y)	—	7.02%
EPS CAGR (5Y)	—	20.10%
FCF CAGR (5Y)	—	26.64%
Total return CAGR (5Y)	—	28.48%

Frequently asked

Which is better, ALAB or HPE?: It depends on your goal. value: HPE (lower P/E); quality: ALAB (higher ROIC). Across all compared metrics, HPE leads 6 to 5.
Is ALAB or HPE cheaper?: On trailing earnings, HPE is cheaper: ALAB trades at a 248.07 P/E and HPE at 45.88.
Does ALAB or HPE pay a bigger dividend?: HPE pays a dividend (1.13% yield) while ALAB does not currently pay one.
Is ALAB or HPE more profitable?: ALAB runs the higher net margin — ALAB at 26.72% versus HPE at 3.90%.

Go deeper

Full ALAB analysis Full HPE analysis Interactive comparison tool

Dig into the metrics

Astera Labs, Inc. Common Stock P/E ratio Hewlett Packard Enterprise P/E ratio Astera Labs, Inc. Common Stock dividend yield Hewlett Packard Enterprise dividend yield Astera Labs, Inc. Common Stock ROE Hewlett Packard Enterprise ROE Astera Labs, Inc. Common Stock operating margin Hewlett Packard Enterprise operating margin Astera Labs, Inc. Common Stock revenue growth Hewlett Packard Enterprise revenue growth Astera Labs, Inc. Common Stock free cash flow Hewlett Packard Enterprise free cash flow

Astera Labs, Inc. Common Stock & Hewlett Packard Enterprise appear in these rankings

Highest FCF Yield Stocks Best 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 13, 2026.