diff --git a/packages/hbs-loader/package.json b/packages/hbs-loader/package.json
index 3b7e4052c..63b062353 100644
--- a/packages/hbs-loader/package.json
+++ b/packages/hbs-loader/package.json
@@ -29,7 +29,7 @@
   },
   "peerDependencies": {
     "@embroider/core": "0.37.0",
-    "webpack": "^4 | ^5"
+    "webpack": "^4 || ^5"
   },
   "engines": {
     "node": "10.* || 12.* || >= 14"