HP Inc.

BRSE:HPQ Stock Report

Market Cap: CHF 29.6b

HP Valuation

Is HPQ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HPQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HPQ (CHF21.03) is trading below our estimate of fair value (CHF36.65)

Significantly Below Fair Value: HPQ is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HPQ?

Other financial metrics that can be useful for relative valuation.

HPQ key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.8x
Enterprise Value/EBITDA8.4x
PEG Ratio4.6x

Price to Earnings Ratio vs Peers

How does HPQ's PE Ratio compare to its peers?

The above table shows the PE ratio for HPQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.5x
LOGN Logitech International
20.3x0.6%CHF 11.9b
2382 Quanta Computer
21.2x19.3%NT$1.1t
7751 Canon
16.7x7.5%JP¥4.9t
NTAP NetApp
27.8x9.7%US$27.4b
HPQ HP
11.8x2.6%CHF 34.9b

Price-To-Earnings vs Peers: HPQ is good value based on its Price-To-Earnings Ratio (11.8x) compared to the peer average (21.5x).

Price to Earnings Ratio vs Industry

How does HPQ's PE Ratio compare vs other companies in the European Tech Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a7.3%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a7.3%
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Price-To-Earnings vs Industry: HPQ is good value based on its Price-To-Earnings Ratio (11.8x) compared to the European Tech industry average (18.8x).

Price to Earnings Ratio vs Fair Ratio

What is HPQ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HPQ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.8x
Fair PE Ratio23.5x

Price-To-Earnings vs Fair Ratio: HPQ is good value based on its Price-To-Earnings Ratio (11.8x) compared to the estimated Fair Price-To-Earnings Ratio (23.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst HPQ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 21.03
CHF 30.76
+46.3%
11.7%CHF 38.15CHF 25.43n/a16
Aug ’25CHF 21.03
CHF 31.92
+51.8%
11.1%CHF 39.85CHF 26.57n/a16
Jul ’25CHF 21.03
CHF 31.13
+48.0%
8.8%CHF 35.60CHF 26.70n/a16
Jun ’25CHF 21.03
CHF 30.90
+46.9%
9.0%CHF 36.14CHF 27.10n/a15
May ’25CHF 21.03
CHF 28.71
+36.5%
12.9%CHF 36.13CHF 21.68n/a16
Apr ’25CHF 21.03
CHF 27.83
+32.3%
13.0%CHF 35.10CHF 21.06n/a16
Mar ’25CHF 21.03
CHF 27.95
+32.9%
13.1%CHF 35.37CHF 21.22n/a16
Feb ’25CHF 21.03
CHF 27.41
+30.3%
13.5%CHF 34.75CHF 19.11n/a16
Jan ’25CHF 21.03
CHF 27.11
+28.9%
13.4%CHF 34.67CHF 19.07n/a17
Dec ’24CHF 21.03
CHF 26.94
+28.1%
11.3%CHF 32.70CHF 19.44n/a16
Nov ’24CHF 21.03
CHF 27.62
+31.3%
12.2%CHF 35.19CHF 20.75n/a16
Oct ’24CHF 21.03
CHF 27.12
+29.0%
13.1%CHF 35.00CHF 20.64n/a16
Sep ’24CHF 21.03
CHF 26.68
+26.9%
12.7%CHF 34.45CHF 20.32n/a17
Aug ’24CHF 21.03
CHF 26.44
+25.7%
12.1%CHF 34.35CHF 20.61CHF 21.0317
Jul ’24CHF 21.03
CHF 27.30
+29.8%
10.3%CHF 33.12CHF 21.48CHF 21.0317
Jun ’24CHF 21.03
CHF 27.67
+31.6%
10.5%CHF 33.70CHF 21.86CHF 21.0316
May ’24CHF 21.03
CHF 26.53
+26.1%
10.2%CHF 31.37CHF 21.51CHF 21.0315
Apr ’24CHF 21.03
CHF 26.93
+28.1%
8.8%CHF 30.65CHF 22.29CHF 21.0316
Mar ’24CHF 21.03
CHF 27.55
+31.0%
8.4%CHF 31.02CHF 22.56CHF 21.0316
Feb ’24CHF 21.03
CHF 26.63
+26.6%
9.6%CHF 30.40CHF 22.11CHF 21.0316
Jan ’24CHF 21.03
CHF 27.17
+29.2%
9.6%CHF 30.95CHF 22.51CHF 21.0316
Dec ’23CHF 21.03
CHF 27.25
+29.6%
9.4%CHF 31.09CHF 22.61CHF 21.0316
Nov ’23CHF 21.03
CHF 29.63
+40.9%
8.9%CHF 32.88CHF 23.91CHF 21.0316
Oct ’23CHF 21.03
CHF 29.97
+42.5%
7.3%CHF 32.77CHF 24.83CHF 21.0316
Sep ’23CHF 21.03
CHF 30.72
+46.1%
13.0%CHF 40.74CHF 24.54CHF 21.0317
Aug ’23CHF 21.03
CHF 35.91
+70.7%
14.1%CHF 49.19CHF 28.53CHF 21.0316

Analyst Forecast: Target price is less than 20% higher than the current share price.

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