HP Inc (HPQ) Fair Value & Analysis
Technology · US · Market cap $22.1B · ISIN US40434L1052
What is HP Inc really worth?
HP Inc
HPQ · US
A solid business, trading 34% below our fair value of $48.62.
Strengths
Risks
For context
Fair value as of: Aug 31, 2026
From 21 valuation models · updated 5 days ago
Share price +10.8% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range ($31.10 to $67.22) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 31, 2026.
How to read this chart
60‑month range $17.69 – $36.28 · fair‑value band $31.10 – $67.22 · the $31.93 price screens below the $48.62 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 31, 2026.
Analysis
HP Inc (HPQ) currently trades at $31.93, while our model-based Fair Value estimate is $48.62, implying the stock looks roughly 34.3% undervalued today. The Quality Score stands at 60/100 (solid quality), in the Technology sector. Bull case: the Multiples group reads highest at a median of $77.43 per share, and 19 of the 21 models we run sit above the $31.93 price. Bear case: the Dividend Discount group reads lowest at $14.94, and 2 of the 21 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, HP Inc generated revenue of $57.4B at a net margin of 4.5%. Revenue grew 9.0% year over year. Net debt stands at $7.2B. The stock trades on a trailing P/E of 11.8. Fundamentals as of Aug 31, 2026
Our scenario range runs from $31.10 (bear case) to $67.22 (bull case); at $31.93, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 85% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −53% fair-value upside, at 52%, HPQ screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 10 months have passed since. In that time the company retained roughly $1.29 per share, which is 2.7 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 21 models by family
Widest divergence: Multiples ($77.43) versus Dividend Discount ($14.94). Highest evidence: FCF DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 31, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 64
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
HP Inc. provides personal computing, printing, 3D printing, hybrid work, gaming, and other related technologies in the United States and internationally. The company operates through three segments: Personal Systems, Printing, and Corporate Investments.
Full company description
HP Inc. provides personal computing, printing, 3D printing, hybrid work, gaming, and other related technologies in the United States and internationally. The company operates through three segments: Personal Systems, Printing, and Corporate Investments. The Personal Systems segment offers commercial and consumer desktops and notebooks, workstations, thin clients, retail point-of-sale systems, displays, software, hybrid systems, and endpoint security and services, as well as lifecycle services, including support and deployment, configurations, and extended warranty services. The Printing segment provides consumer and commercial printer hardware, supplies, and solutions, as well as office and home printing solutions; and focuses on graphics, 3D printing, and personalization solutions for the commercial and industrial markets. The Corporate Investments segment is involved in the business incubation and investment projects. It serves small- and medium-sized businesses, public sector, and enterprises. The company was formerly known as Hewlett-Packard Company and changed its name to HP Inc. in October 2015. HP Inc. was founded in 1939 and is headquartered in Palo Alto, California.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
HP Inc reported revenue of $55.3B in FY2025 versus $63.5B in FY2021, a compound −3.4%/yr. Reported net income was $2.5B in FY2025, compounding −21.1%/yr from FY2021.
of which total revenue +0.4 % · buybacks/dilution +7.2 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
Watch HPQ: get an alert when its fair value changes →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Earnings Estimates Moving Higher for HP (HPQ): Time to Buy?
- Deciphering HP (HPQ) International Revenue Trends
Peer Group
Computer Hardware · 222 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Computer Hardware median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Aug 31, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Dell Technologies Inc DELL | $456.24 | $187.75 | −59% |
| Arista Networks, Inc ANET | $201.09 | $57.72 | −71% |
| Western Digital Corporation WDC | $441.57 | $47.49 | −89% |
| Hygon Information Technology Co 688041 | ¥246.21 | ¥30.66 | −88% |
| Hangzhou Hikvision Digital Technology Co 002415 | ¥35.18 | ¥40.44 | +15% |
| Shenzhen Longsys Electronics Co 301308 | ¥376.88 | ¥91.67 | −76% |
| Lenovo Group 0992 | HK$30.12 | HK$33.70 | +12% |
| Dawning Information Industry Co 603019 | ¥83.19 | ¥39.38 | −53% |
| Inspur Electronic Information Industry Co 000977 | ¥73.79 | ¥44.02 | −40% |
| Super Micro Computer, Inc SMCI | $38.46 | $37.09 | −4% |
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