HP Inc.

SWX:HPQ Stock Report

Market Cap: CHF 16.8b

HP Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 (CHF18.29) is trading below our estimate of fair value (CHF41.33)

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?

Key metric: As HPQ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HPQ. This is calculated by dividing HPQ's market cap by their current earnings.
What is HPQ's PE Ratio?
PE Ratio8.4x
EarningsUS$2.53b
Market CapUS$21.26b

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 Average31.6x
LOGN Logitech International
23.2x6.53%CHF 12.1b
NTAP NetApp
18.5x7.81%US$21.8b
603019 Dawning Information Industry
60.5x22.84%CN¥127.5b
ALSN ALSO Holding
24.2x23.68%CHF 2.6b
HPQ HP
8.4x1.71%CHF 21.3b

Price-To-Earnings vs Peers: HPQ is good value based on its Price-To-Earnings Ratio (8.4x) compared to the peer average (31.6x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
HPQ 8.4xIndustry Avg. 27.6xNo. of Companies5PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HPQ is good value based on its Price-To-Earnings Ratio (8.4x) compared to the European Tech industry average (27.6x).

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 Ratio8.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HPQ's Price-To-Earnings Fair Ratio for valuation analysis.

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 18.29
CHF 20.79
+13.67%
9.11%CHF 24.10CHF 16.07n/a16
Dec ’26n/a
CHF 20.79
0%
9.11%CHF 24.10CHF 16.07n/a16
Nov ’26n/a
CHF 22.52
0%
5.37%CHF 23.89CHF 19.91n/a16
Oct ’26n/a
CHF 22.21
0%
5.16%CHF 23.65CHF 19.71n/a16
Sep ’26n/a
CHF 22.27
0%
5.78%CHF 24.00CHF 20.00n/a15
Aug ’26n/a
CHF 21.47
0%
5.62%CHF 23.85CHF 19.87n/a15
Jul ’26n/a
CHF 21.56
0%
5.94%CHF 23.77CHF 19.81n/a16
Jun ’26n/a
CHF 22.64
0%
5.96%CHF 24.68CHF 20.57n/a16
May ’26n/a
CHF 26.79
0%
12.61%CHF 31.46CHF 20.70n/a15
Apr ’26n/a
CHF 31.62
0%
7.31%CHF 35.28CHF 26.46n/a15
Mar ’26n/a
CHF 32.68
0%
5.85%CHF 36.11CHF 29.79n/a15
Feb ’26n/a
CHF 32.80
0%
7.32%CHF 36.25CHF 27.19n/a15
Jan ’26n/a
CHF 31.85
0%
8.04%CHF 35.15CHF 26.37n/a16
Dec ’25n/a
CHF 31.93
0%
8.32%CHF 35.32CHF 26.49n/a16
Nov ’25n/a
CHF 30.73
0%
9.78%CHF 36.35CHF 25.96n/a16
Oct ’25n/a
CHF 29.98
0%
10.20%CHF 35.52CHF 25.37n/a16
Sep ’25n/a
CHF 30.53
0%
10.10%CHF 35.57CHF 25.41n/a16
Aug ’25CHF 21.03
CHF 31.92
+51.76%
11.14%CHF 39.85CHF 26.57n/a16
Jul ’25CHF 21.03
CHF 31.13
+48.01%
8.82%CHF 35.60CHF 26.70n/a16
Jun ’25CHF 21.03
CHF 30.90
+46.92%
9.01%CHF 36.14CHF 27.10n/a15
May ’25CHF 21.03
CHF 28.71
+36.51%
12.91%CHF 36.13CHF 21.68n/a16
Apr ’25CHF 21.03
CHF 27.83
+32.34%
13.05%CHF 35.10CHF 21.06n/a16
Mar ’25CHF 21.03
CHF 27.95
+32.90%
13.10%CHF 35.37CHF 21.22n/a16
Feb ’25CHF 21.03
CHF 27.41
+30.32%
13.50%CHF 34.75CHF 19.11n/a16
Jan ’25CHF 21.03
CHF 27.11
+28.92%
13.38%CHF 34.67CHF 19.07n/a17
Dec ’24CHF 21.03
CHF 26.94
+28.10%
11.32%CHF 32.70CHF 19.44n/a16
CHF 20.44
Fair Value
10.5% undervalued intrinsic discount
16
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/25 02:06
End of Day Share Price 2025/12/23 00:00
Earnings2025/10/31
Annual Earnings2025/10/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

HP Inc. is covered by 47 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James KelleherArgus Research Company
Jayson NolandBaird
Benjamin ReitzesBarclays