HP Inc.

LSE:0J2E Stock Report

Market Cap: US$36.7b

HP Valuation

Is 0J2E 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 0J2E when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0J2E ($38.33) is trading below our estimate of fair value ($61.87)

Significantly Below Fair Value: 0J2E is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0J2E?

Key metric: As 0J2E is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0J2E. This is calculated by dividing 0J2E's market cap by their current earnings.
What is 0J2E's PE Ratio?
PE Ratio12.9x
EarningsUS$2.84b
Market CapUS$36.75b

Price to Earnings Ratio vs Peers

How does 0J2E's PE Ratio compare to its peers?

The above table shows the PE ratio for 0J2E vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27x
RPI Raspberry Pi Holdings
26.2x-2.0%UK£642.5m
HLMA Halma
35.5x8.4%UK£10.2b
CNC Concurrent Technologies
25.2x13.5%UK£127.0m
2382 Quanta Computer
21.2x19.7%NT$1.1t
0J2E HP
12.9x3.6%US$36.7b

Price-To-Earnings vs Peers: 0J2E is good value based on its Price-To-Earnings Ratio (12.9x) compared to the peer average (27x).

Price to Earnings Ratio vs Industry

How does 0J2E's PE Ratio compare vs other companies in the European Tech Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
0J2E 12.9xIndustry Avg. 22.2xNo. of Companies4PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0J2E is good value based on its Price-To-Earnings Ratio (12.9x) compared to the Global Tech industry average (22.2x).

Price to Earnings Ratio vs Fair Ratio

What is 0J2E'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.

0J2E PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.9x
Fair PE Ratio28.1x

Price-To-Earnings vs Fair Ratio: 0J2E is good value based on its Price-To-Earnings Ratio (12.9x) compared to the estimated Fair Price-To-Earnings Ratio (28.1x).

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 0J2E forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$38.33
US$35.45
-7.5%
9.5%US$41.00US$30.00n/a16
Nov ’25US$36.27
US$35.51
-2.1%
9.8%US$42.00US$30.00n/a16
Oct ’25US$34.54
US$35.45
+2.6%
10.2%US$42.00US$30.00n/a16
Sep ’25US$35.86
US$36.04
+0.5%
10.1%US$42.00US$30.00n/a16
Aug ’25US$35.21
US$36.04
+2.4%
11.1%US$45.00US$30.00n/a16
Jul ’25US$34.86
US$34.98
+0.3%
8.8%US$40.00US$30.00n/a16
Jun ’25US$35.63
US$34.20
-4.0%
9.0%US$40.00US$30.00n/a15
May ’25US$27.71
US$31.78
+14.7%
12.9%US$40.00US$24.00n/a16
Apr ’25US$30.28
US$31.72
+4.8%
13.0%US$40.00US$24.00n/a16
Mar ’25US$29.49
US$31.61
+7.2%
13.1%US$40.00US$24.00n/a16
Feb ’25US$28.75
US$31.54
+9.7%
13.5%US$40.00US$22.00n/a16
Jan ’25US$30.07
US$31.28
+4.0%
13.4%US$40.00US$22.00n/a17
Dec ’24US$29.46
US$30.48
+3.5%
11.3%US$37.00US$22.00n/a16
Nov ’24US$26.54
US$30.61
+15.3%
12.2%US$39.00US$23.00US$36.2716
Oct ’24US$25.82
US$30.22
+17.0%
13.1%US$39.00US$23.00US$34.5416
Sep ’24US$30.26
US$30.21
-0.2%
12.7%US$39.00US$23.00US$35.8617
Aug ’24US$32.95
US$30.79
-6.5%
12.1%US$40.00US$24.00US$35.2117
Jul ’24US$30.73
US$30.50
-0.8%
10.3%US$37.00US$24.00US$34.8617
Jun ’24US$29.16
US$30.38
+4.2%
10.5%US$37.00US$24.00US$35.6316
May ’24US$29.59
US$29.60
+0.05%
10.2%US$35.00US$24.00US$27.7115
Apr ’24US$29.14
US$29.00
-0.5%
8.8%US$33.00US$24.00US$30.2816
Mar ’24US$28.89
US$29.31
+1.5%
8.4%US$33.00US$24.00US$29.4916
Feb ’24US$29.15
US$28.91
-0.8%
9.6%US$33.00US$24.00US$28.7516
Jan ’24US$26.59
US$28.97
+9.0%
9.6%US$33.00US$24.00US$30.0716
Dec ’23US$29.88
US$28.93
-3.2%
9.4%US$33.00US$24.00US$29.4616
Nov ’23US$27.92
US$29.74
+6.5%
8.9%US$33.00US$24.00US$26.5416

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

Discover undervalued companies

Midwich Group

UK£285.5m

Distributes audio visual (AV) solutions to trade customers in the United Kingdom, Ireland, rest of Europe, the Middle East, Africa, the Asia Pacific, and North America.

MIDW

UK£2.79

7D

-3.8%

1Y

-25.4%

Xerox Holdings

US$1.1b

Operates as a workplace technology company that integrates hardware, services, and software for enterprises in the Americas, Europe, the Middle East, Africa, India, and internationally.

0A6Y

US$9.14

7D

8.3%

1Y

-33.8%

Datalogic

€273.6m

Manufactures and sells automatic data capture and process automation products worldwide.

0E3C

€5.14

7D

-2.0%

1Y

-10.5%