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HPQ

HP Inc.
$31.21
+3.21% 2026-10-20
Information TechnologyS&P 500
-33%-16%+1%+18%+35%Oct 2025Apr 2026Oct 2026
HPQSPY
1W
+1.9%
1M
-9.3%
3M
+27.0%
6M
+51.2%
YTD
+45.5%
1Y
+18.6%

Live chart

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What they do

HP Inc. provides personal computing, printing, 3D printing, hybrid work, gaming, and other related technologies in the United States and internationally. The company operates through three segments: Personal Systems, Printing, and Corporate Investments. The Personal Systems segment offers commercial and consumer desktops and notebooks, workstations, thin clients, retail point-of-sale systems, displays, software.

Technology · Computer Hardware

Grades vs sector

Momentum
48th pct in sector
C
12-1 return: +18.8%
Percentile within its GICS sector across the S&P 1500.
Growth
40th pct in sector
C
Revenue growth (YoY): +12.5%
Percentile within its GICS sector across the S&P 1500.
Value
93rd pct in sector
A
Forward E/P: 10.5% · EBITDA/EV: 14.0%
Percentile within its GICS sector across the S&P 1500.
Profitability
26th pct in sector
D+
Profit margin: +4.1% · Return on equity: –
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth
rank 33 of 360 · Composite (0-1) 0.7
Momentum Top 15
rank 216 of 499 · 12-1 momentum % 14.8
Momentum Blend
not in the current book
New Highs Growth
not ranked (outside this model's universe or screens)
Conviction 20
not in the current book

News

More news
What Could Derail Dell Stock?
Trefis · Oct 20
HPE Stock’s Worst Week Ever Exposes Wall Street’s Newest Fear
Barrons.com · Oct 16

Key stats

Market cap$28.1B
P/E (trailing)11.9
P/E (forward)9.9
52-week range17.56 – 36.23
Revenue growth (YoY, latest qtr)+12.5%
Dividend yield3.97%
Analyst consensusHold (17)
Mean price target$27.31 (-12%)
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Leans undervalued
Model read-out from the numbers below, not advice. Score +2 (DCF counts double).
▲DCF (base case)above the price by 124%
▲Forward P/E vs sector9.9x vs median 16.9x
•Piotroski F-score5/9
▲Net debt / EBITDA1.2x
▼Analyst target-12% (17 analysts)

Discounted cash flow

Bear
$44
+40%
growth -1% · disc. 11.2% · term. 2.0%
Base
$70
+124%
growth 4% · disc. 10.2% · term. 2.5%
Bull
$103
+231%
growth 7% · disc. 9.2% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal
Today's price implies shrinking cash flows: about -6% a year for 10 years.
Implied
-6%/yr
FCF, last 3 yrs
-6%/yr
FCF, last 5 yrs
-3%/yr
Revenue, last 3 yrs
-4%/yr
Revenue, last 5 yrs
+0%/yr
Same inputs as the DCF above: trailing free cash flow 4.7B, 10.2% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-07-31). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.19 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Information Technology

P/E (trailing)
sector median 35.9× · 4th pct
11.9×
cheaper
Forward P/E
sector median 16.9× · 12th pct
9.9×
cheaper
EV / EBITDA
sector median 20.8× · 5th pct
8.0×
cheaper
Price / sales
sector median 4.6× · 5th pct
0.5×
cheaper
Price / book
sector median 5.1×
–
FCF yield
sector median 3.5% · 98th pct
16.6%
cheaper

Forward EPS $3.15 vs trailing $2.62 (+20% expected growth). Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO
$4.2B
as of 2026-07-31
vs a year ago
+5%
YoY
× TTM revenue
0.07×
coverage
24-10
25-01
25-04
25-07
25-10
26-01
26-04
26-07

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin
19.9%
Operating margin
5.4%
FCF margin
7.9%
Net margin
4.1%
Return on equity
–
Return on invested capital
57.7%
Net debt / EBITDA
1.2×
Current ratio
0.8×
Interest cover
8.2×
Cash conversion (OCF/NI)
1.9×
Piotroski F-score 5/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✗ Long-term debt / assets fell✓ Current ratio improved✓ No share dilution✗ Gross margin improved✗ Asset turnover improved

Analysts

Mean target
$27
-12%
Analysts
17
Hold
Range
$19–$34
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$55.3B$2.5B$3.7B
2024$53.6B$2.8B$3.7B
2023$53.7B$3.3B$3.6B
2022$62.9B$3.1B$4.5B
2021$63.5B$6.5B$6.4B
2020$56.6B$2.8B$4.3B

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR -4.2%.

Earnings

Next report: 2026-11-24 · during market · EPS est 0.75
24-1125-0225-0525-0825-1126-0226-0526-080.000.93
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-08-260.690.83+20.0%
2026-05-270.720.86+20.3%
2026-02-240.770.81+5.6%
2025-11-250.920.93+0.8%
2025-08-270.750.75-0.0%
2025-05-280.800.71-11.6%
2025-02-270.740.74-0.5%
2024-11-260.930.93-0.2%

Quarterly revenue

QuarterRevenueYoY
2026-07-31$15.7B+12.5%
2026-04-30$14.4B–
2026-01-31$14.4B–
2025-10-31$14.6B–
2025-07-31$13.9B–
Analyst actions
RBC Capital
2026-09-11 · init
→ Sector Perform
PT $33
Barclays
2026-08-28 · main
Underweight → Underweight
PT $23
TD Cowen
2026-08-27 · main
Hold → Hold
PT $30
UBS
2026-08-27 · main
Neutral → Neutral
PT $28
Morgan Stanley
2026-08-27 · main
Underweight → Underweight
PT $19
Morgan Stanley
2026-08-24 · main
Underweight → Underweight
PT $17

Recent dividends

2026-09-09: $0.300 · 2026-06-10: $0.300 · 2026-03-11: $0.300 · 2025-12-11: $0.300 · 2025-09-10: $0.289 · 2025-06-11: $0.289 · 2025-03-12: $0.289 · 2024-12-11: $0.289
Insider trades
Mcquarrie David P.
Chief Commercial Officer · 2026-10-02
SELL
$1.0M
Mcquarrie David P.
Chief Commercial Officer · 2026-08-07
SELL
$631.0K
Mcquarrie David P.
Chief Commercial Officer · 2026-08-04
SELL
$294.5K
Mcquarrie David P.
Chief Commercial Officer · 2026-08-03
SELL
$293.4K
Mcquarrie David P.
Chief Commercial Officer · 2026-07-28
SELL
$294.5K
None
None · None
SELL
–
None
None · None
SELL
–

Stats refreshed 2026-10-20 18:14:06 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

COTEAU

Coteau Systematic Strategies publishes stock research and model portfolios. It doesn't manage money or give investment advice. Results are hypothetical unless marked Live. Data: Yahoo Finance (delayed) and SEC EDGAR.