HP Inc.

SWX:HPQ Stock Report

Market Cap: CHF 22.2b

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 Future Cash Flow Value

  • Significantly Below Future Cash Flow 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.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: HPQ (CHF23.37) is trading below our estimate of future cash flow value (CHF38.98)

Significantly Below Future Cash Flow Value: HPQ is trading below future cash flow 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 Ratio10.8x
EarningsUS$2.55b
Market CapUS$27.48b

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 Average25.1x
LOGN Logitech International
18.7x2.51%CHF 12.1b
IFCN INFICON Holding
53.9x27.14%CHF 4.3b
7751 Canon
11.1x3.84%JP¥3.8t
4901 FUJIFILM Holdings
16.6x8.84%JP¥4.6t
HPQ HP
10.8x2.45%CHF 27.5b

Price-To-Earnings vs Peers: HPQ is good value based on its Price-To-Earnings Ratio (10.8x) compared to the peer average (24.7x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

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
HPQ 10.8xIndustry Avg. 22.8xNo. of Companies3PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HPQ is good value based on its Price-To-Earnings Ratio (10.8x) compared to the Global Tech industry average (22.9x).

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 Ratio10.8x
Fair PE Ratio29.2x

Price-To-Earnings vs Fair Ratio: HPQ is good value based on its Price-To-Earnings Ratio (10.8x) compared to the estimated Fair Price-To-Earnings Ratio (29.2x).

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 23.37
CHF 18.58
-20.48%
16.23%CHF 23.94CHF 14.56n/a16
Aug ’27CHF 21.74
CHF 18.58
-14.50%
16.23%CHF 23.94CHF 14.56n/a16
Jul ’27CHF 17.95
CHF 18.56
+3.38%
16.02%CHF 23.97CHF 14.58n/a16
Jun ’27CHF 22.62
CHF 18.02
-20.32%
16.02%CHF 23.28CHF 14.16n/a16
May ’27CHF 16.01
CHF 15.09
-5.78%
14.51%CHF 20.63CHF 12.50n/a16
Apr ’27CHF 14.97
CHF 15.35
+2.57%
14.78%CHF 20.86CHF 12.64n/a16
Mar ’27CHF 14.40
CHF 15.47
+7.46%
19.22%CHF 23.22CHF 12.38n/a16
Feb ’27CHF 14.95
CHF 19.76
+32.19%
14.04%CHF 23.71CHF 14.23n/a16
Jan ’27CHF 18.15
CHF 20.79
+14.54%
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 19.87CHF 21.7415
Jul ’26n/a
CHF 21.56
0%
5.94%CHF 23.77CHF 19.81CHF 17.9516
Jun ’26n/a
CHF 22.64
0%
5.96%CHF 24.68CHF 20.57CHF 22.6216
May ’26n/a
CHF 26.79
0%
12.61%CHF 31.46CHF 20.70CHF 16.0115
Apr ’26n/a
CHF 31.62
0%
7.31%CHF 35.28CHF 26.46CHF 14.9715
Mar ’26n/a
CHF 32.68
0%
5.85%CHF 36.11CHF 29.79CHF 14.4015
Feb ’26n/a
CHF 32.80
0%
7.32%CHF 36.25CHF 27.19CHF 14.9515
Jan ’26n/a
CHF 31.85
0%
8.04%CHF 35.15CHF 26.37CHF 18.1516
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
CHF 17.87
Fair Value
30.8% overvalued intrinsic discount
16
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/09 03:11
End of Day Share Price 2026/08/07 00:00
Earnings2026/04/30
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. 14 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