Hp Inc (HPQ)
Information Technology · Technology Hardware, Storage & Peripherals · US stock · S&P 500 component
$33.76
▲ +2.44 (7.79%)
Fair valueFair
$36 +7.6% to fair value
$18fair band $31–$44$54
Day's range
$31.02 – $33.86
52-week range
$17.56 – $36.23
Red flags⚠ Negative equity⚠ Negative equity⚠ Negative equity⚠ Negative equity⚠ Negative equity
About Hp Inc
HP sells personal computers, printers and related supplies to consumers, businesses and public bodies around the world. Its personal systems unit covers laptops, desktops and workstations, while the printing unit sells printers and recurring ink, toner and service revenue. The company makes money through hardware sales through retailers, distributors and direct channels, and through subscription and supply sales that continue after a printer has been bought.
Sales totalled $59.2 billion over the last twelve months, and the three-year record shows a decline of 4.2% a year. The operating margin is 5.4%, and the return on invested capital is 58%. The balance sheet shows net debt to EBITDA of 1.2 times. Shareholders receive a dividend, currently yielding 3.6%. The site's X-Ray Score for the company is 50 out of 100. Taken together, these numbers give a factual snapshot of the business.
Price chart
52-wk range $17.56 – $36.23Volume 15,843,471Daily, split-adjusted
Vitals
Market cap$31.3B
52-week range$17.56 – $36.23
Volume (last day)15,843,471
P/E (TTM)12.9
EBIT / EV yield8.9%
Free-cash-flow yield12.4%
Dividend yield3.6%
Revenue (TTM)$59.2B
Net income (TTM)$2.5B
Operating margin5.4%
Return on capital57.7%
Debt incl. leases$9.2B
Cash & securities$4.2B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$36middle half of models $32 – $41
Fair
+7.6% to fair value
Average of the 12 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is High, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $34
Undervalued < $31Fair $31 – $44Overvalued > $44
P/E multiple
$32
P/S multiple · not used
$100
EV/EBITDA multiple
$43
EV/EBIT multiple
$41
EV/revenue multiple · not used
$82
10-year DCF, EBITDA exit
$37
5-year DCF, EBITDA exit
$36
10-year DCF, revenue exit
$41
5-year DCF, revenue exit
$42
10-year DCF, growth exit
$34
5-year DCF, growth exit
$32
Dividend discount, stable
$21
Dividend discount, multi-stage
$24
Earnings power value
$54
Growth the price implies
4.5%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Weak business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Strong
86/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield8.9%
Free-cash-flow yield12.4%
Fair value vs price1.1×
Growth
Weak
19/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)-4.2%
EPS growth (3y)-3.8%
Growth consistency90%
Profitability
Fair
58/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital57.7%
Operating margin5.4%
Gross profitability25.7%
Financial health
Weak
27/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA1.2×
Interest cover8.2×
Dividends
Weak
46/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield3.6%
Dividends vs free cash flow29%
Dividend growth1.6%
Quarterly results: last 6 quarters
+3.3%
Apr '25
+3.1%
Jul '25
+4.2%
Oct '25
+6.9%
Jan '26
+9.0%
Apr '26
+12.5%
Jul '26
Revenue against the same quarter a year earlier. Latest quarter revenue $15.7B, diluted EPS $0.71.
Compare with peers
SNDK Sandisk Corp73 SMCI Super Micro Computer,...58 STX Seagate Technology Hol...56 NTAP NetApp, Inc.54Other Technology Hardware, Storage & Peripherals companies by X-Ray Score.
SWOT analysis: Hp Inc
Strengthsinside the company
- Return on invested capital is 57.7%, against a median of 52.7% for industry peers.
- Free cash flow equals 12.4% of the market value, which funds dividends, buybacks or debt paydown.
Weaknessesinside the company
- Operating margin of 5.4% is thin against 25.0% for industry peers.
- Revenue has fallen 4.2% a year over three years while industry peers grew 10.0%.
Opportunitiesvaluation and setting
- Dividends use only 29% of free cash flow, which leaves room to raise them.
- Trades at 12.8x earnings, 56% below the 28.8x median of industry peers.
- Our Market Compass rates the backdrop for Information Technology as favourable.
- Price momentum is strong on the weekly and monthly signals (trends can reverse).
Threatsvaluation and setting
- Valuation uncertainty is high: the models give widely different values, so the fair value range is wide.
- Our checks raised: Negative equity; Negative equity.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare HPQ with peers and sector
Medians of 9 Technology Hardware, Storage & Peripherals peers and of 74 Information Technology stocks in our universe.
Largest peers (X-Ray Score): AAPL 53, DELL 53, SNDK 73, STX 56, WDC 52, HPE 45.
| Metric | HPQ | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 50 | 53 | 50 |
| Valuation | 86 | 38 | 50 |
| Growth | 19 | 73 | 54 |
| Profitability | 58 | 52 | 49 |
| Financial health | 27 | 61 | 50 |
| Dividends | 46 | 44 | 51 |
Sector leaders: highest X-Ray Score in Information Technology
HPQ ranks #39 of 75 in Information Technology and #8 of 10 in Technology Hardware, Storage & Peripherals by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for HPQ
Each factor is rated by where HPQ stands among the 75 Information Technology stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 8 Good · 3 Average · 10 Bad of 21
Growth: 0 · 0 · 3
Profitability: 1 · 0 · 3
Financial strength: 0 · 2 · 2
Valuation: 4 · 0 · 0
Cash flow: 1 · 1 · 2
Efficiency: 2 · 0 · 0
| Factor | HPQ | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | −4.2% | Bad beats 6% | +9.7% | – | – |
| Revenue growth, last year | +3.2% | Bad beats 9% | +13.7% | −0.3% | ▲ Better |
| EPS growth, 3 years a year | −3.8% | Bad beats 29% | +5.9% | – | – |
| Profitability | |||||
| Gross margin | 19.9% | Bad beats 7% | 57.8% | 21.1% | ≈ In line |
| Operating margin | 5.4% | Bad beats 10% | 20.3% | 7.1% | ▼ Worse |
| Net margin | 4.1% | Bad beats 10% | 17.8% | 5.2% | ▼ Worse |
| Return on invested capital | 57.7% | Good beats 83% | 19.4% | – | – |
| Financial strength | |||||
| Net debt / EBITDA | 1.2x | Average beats 38% | 0.8x | 1.4x | ≈ In line |
| Interest cover | 8.2x | Bad beats 22% | 23.0x | 8.4x | ≈ In line |
| Current ratio | 0.79 | Bad beats 10% | 1.57 | 0.75 | ≈ In line |
| Piotroski F-score | 6 / 9 | Average beats 43% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 12.8x | Good beats 95% | 33.6x | 9.3x | ▼ Worse |
| Price / sales | 0.5x | Good beats 99% | 6.9x | 0.5x | ≈ In line |
| EV / EBITDA | 8.7x | Good beats 92% | 24.7x | 7.6x | ▼ Worse |
| Free cash flow yield | 12.4% | Good beats 99% | 3.4% | 11.3% | ≈ In line |
| Cash flow | |||||
| Free cash flow margin | 6.6% | Bad beats 13% | 22.3% | 5.9% | ≈ In line |
| Cash from operations / net income | 1.90 | Good beats 76% | 1.39 | 1.35 | ▲ Better |
| Free cash flow growth, 3 years a year | −8.9% | Bad beats 7% | +15.4% | – | – |
| Accruals (lower is better) | −4.9% | Average beats 55% | −4.4% | – | – |
| Efficiency | |||||
| Inventory turnover | 4.6x | Good beats 71% | 3.9x | 6.2x | ▼ Worse |
| Days sales outstanding | 44 days | Good beats 80% | 63 days | 32 days | ▼ Worse |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 4 Good · ● 5 Average · ● 7 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldGood
Risk models
Altman Z''Bad
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyAverage
Balance sheet
Current ratioBad
Net debt / EBITDAAverage
Interest coverBad
Valuation
Fair value vs priceGood
EBIT / EV yieldGood
Profitability
Return on invested capitalGood
Operating marginBad
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 46/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $63.5B | $62.9B | $53.7B | $53.6B | $55.3B |
| Operating income | $5.4B | $4.6B | $3.5B | $3.8B | $3.2B |
| Net income | $6.5B | $3.1B | $3.3B | $2.8B | $2.5B |
| Operating cash flow | $6.4B | $4.5B | $3.6B | $3.7B | $3.7B |
| Operating margin | 8.4% | 7.2% | 6.4% | 7.1% | 5.7% |
| Free cash flow | $5.8B | $3.7B | $3.0B | $3.2B | $2.8B |
| Diluted EPS | $5.36 | $2.98 | $3.26 | $2.81 | $2.65 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bullish
12 bullish · 1 neutral · 3 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 30.86 | Bullish |
| EMA 10 | 31.43 | Bullish |
| SMA 20 | 31.27 | Bullish |
| EMA 20 | 31.38 | Bullish |
| SMA 50 | 31.33 | Bullish |
| EMA 50 | 30.62 | Bullish |
| SMA 100 | 28.15 | Bullish |
| EMA 100 | 28.58 | Bullish |
| SMA 200 | 23.82 | Bullish |
| EMA 200 | 26.37 | Bullish |
Oscillators (daily)
| RSI (14) | 62.31 | Neutral |
| MACD (12, 26) | 0.05 | Bullish |
| Momentum (12) | 6.40 | Bullish |
| Stochastic %K (14) | 97.97 | Bearish |
| Williams %R (14) | -2.03 | Bearish |
| CCI (20) | 166.9 | Bearish |
Pivot points (classic, last session)
S3 29.07 | S2 30.04 | S1 31.90 | Pivot 32.88 | R1 34.74 | R2 35.71 | R3 37.57 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.20 USD
Yield on today's price
3.55%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.3000 | |
| 0.3000 | |
| 0.3000 | |
| 0.3000 | |
| 0.2890 | |
| 0.2890 | |
| 0.2890 | |
| 0.2890 | |
| 0.2760 | |
| 0.2760 | |
| 0.2760 | |
| 0.2760 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold HPQ
| ETF | Share of the fund |
|---|---|
| DIVB iShares U.S. Dividend and Buyback | 2.55% |
| DVY iShares Select Dividend | 2.04% |
| PEY Invesco High Yield Equity Dividend Ach... | 1.67% |
| RSPT Invesco S&P 500 Equal Weight Technolog... | 1.51% |
| SPYD SPDR Portfolio S&P 500 High Dividend | 1.34% |
| TDIV First Trust NASDAQ Technology Dividend... | 1.32% |
| COWZ Pacer US Cash Cows 100 | 1.20% |
| FDVV Fidelity High Dividend | 1.07% |
The eight funds with the largest weight in HPQ among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
HPQ stock splits
HPQ has split its stock 3 times since 1995. The latest was a 2-for-1 split on 30 Oct 2000.
Full HPQ stock split history →HPQ SEC filings
8-KSEC EDGAR
Regulation FD disclosure
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Current report
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Director or officer change; Shareholder vote results
DEF 14ASEC EDGAR
Proxy statement
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.