NYSE · HPQ
HP Inc.
Technology · Computer Hardware
$32.15▲ 2.78% ($0.87)at close
After hours$32.16▲ 0.03%7:34 PM ET
Market cap
Valuation
Cash-flow DCF
Verdict: fairly priced. Price between Bear and Base.
The price holds with free cash flow shrinking 4.6% a year for 5 years. Our scenarios assume −12.2–17.8%.
That's below its past 9-year pace of 2.8%.
Value per share
Base case
$46.52
Price used $32.15 is 31% below this
USD · TTM ending Jul 31, 2026 · Price Oct 1, 8:00 PM UTC
FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.
2 more notes
Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.
Reported total debt includes capitalised leases (~11% of the total). They are excluded from net debt and from the WACC weights because rent is already charged inside operating income. The Net Debt shown here is therefore lower than the balance-sheet figure elsewhere on this page.
Free cash flow each value needs
Free cash flow today $3.2B. The price needs $3B by 2036. Base case: $4.4B. At its recent pace: $4.3B. Bear to Bull: $2B to $11.7B.
Free cash flow today $3.2B. The price needs $3B by 2036. Base case: $4.4B. At its recent pace: $4.3B. Bear to Bull: $2B to $11.7B.
Free cash flow in 2036
today $3.2B
−$1.4Bless than the Base case
Value per share · Base case
$46.52
Price $32.15
31% below this
- Stage 1 growth, yrs 1–5
- 2.8%
- Stage 2 growth, yrs 6–10
- 3.5%
- Discount rate
- 10.0%
FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.
2 more notes
Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.
Reported total debt includes capitalised leases (~11% of the total). They are excluded from net debt and from the WACC weights because rent is already charged inside operating income. The Net Debt shown here is therefore lower than the balance-sheet figure elsewhere on this page.
USD · TTM ending Jul 31, 2026 · Price Oct 1, 8:00 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 20.41% over the last year. Revenue grew 8.14% over the trailing twelve months. Operating margin moved from 5.86% to 5.64%. Free cash flow grew 36.51% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 38th percentile of their historical P/FCF range.
What would invalidate this read
Operating margin is at 5.64%. Revenue grew 8.14% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Return analysis
Company profile
HP Inc. is a global technology company specializing in personal computing devices, imaging and printing solutions, and a variety of related technologies, software, and support services, serving clients both in the United States and worldwide.
Market multiples
Stock splits
Every 500 shares became 1101
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Profitability & growth
Analyst consensus
16
Buy
28
Hold
8
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Nov 24, 2026
Q4 FY26 · EPS est $0.75 · Revenue est $15.44B
View
Institutional Sentiment
HP Inc. · HPQ
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.