Hewlett Packard Co (HPQB34) fair value: what the stock is really worth
We calculate from audited financials what Hewlett Packard Co is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range R$90.31 – R$218.04 · fair‑value band R$119.14 – R$243.79 · the R$181.60 price screens above the R$174.87 fair value. Dashed = 300-day average. As of Sep 13, 2026.
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.
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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.
Stock analysis
Hewlett Packard Co (HPQB34) currently trades at R$181.60, while our model-based Fair Value estimate is R$174.87, implying the stock looks roughly 3.9% fairly valued today.
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Valuation
Bull case: the Multiples group reads highest at a median of R$75.91 per share, and 0 of the 21 models we run sit above the R$181.60 price.
Bear case: the Earnings-Based group reads lowest at R$22.98, and 21 of the 21 models stay below the price. Evidence for this calculation is medium.
Scenario range: R$119.14 (bear) to R$243.79 (bull), the price of R$181.60 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Hewlett Packard Co 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 −21.0%/yr from FY2021.
Key figures
Market cap R$170B (≈ $33.1B) · P/E ratio 8.8 · P/S ratio 0.40 · EPS (TTM) R$13.99 · Dividend yield 0.6% · Net margin 4.6% · Return on assets (EBIT) 11.4% · Operating margin 7.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 49 out of 100 (low confidence).
What moves the price
The share trades near its 52-week high and 109% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −48% fair-value upside, at −4%, HPQB34 screens cheaper than that median.
Fair Value models
Bear R$119.14Fair Value R$174.87Bull R$243.79
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (R$10.88 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+3.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−4.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.5%
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−0.8%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+5.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.4%
Dividend (yield on the price)0.6%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 6%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+40.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+1.1%
Yearly sales growth analysts expect, extended to five years.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Computer Hardware · 225 stocks
Beats the industry median on 7/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score62 · Top 25%
Profitability
Return on assets6% · Top 25%
Net margin (TTM)4% · Above median
Operating margin (TTM)7% · Above median
Growth and dividend
Revenue growth9% · Below median
Dividend yield (TTM)0.6% · Bottom 25%
Valuation Multiplesvs Computer Hardware median · lower = cheaper
P/E (TTM)8.8× · Cheapest 25%
P/S (TTM)0.38× · Cheapest 25%
P/FCF7.9× · Pricier than median
EV/EBITDA5.8× · Cheapest 25%
PEG19.31× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)28· sector 6
FUTURE (revenue growth)45· sector 59
PAST (return on equity)0· sector 26
HEALTH (low debt)100· sector 97
DIVIDEND (yield)13· sector 40
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Hewlett Packard Co Fair Value". https://www.fairvalue-calculator.com/stock/HPQB34
Frequently asked questions
Is Hewlett Packard Co (HPQB34) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of R$174.87 versus a price of R$181.60, about −4% upside (fairly valued).
What is the fair value of HPQB34?
Our model-based fair value for Hewlett Packard Co is R$174.87 (as of Sep 13, 2026), built from audited fundamentals. The current price: R$181.60.
What is the quality score of HPQB34?
Hewlett Packard Co has a Quality Score of 62/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Hewlett Packard Co (HPQB34)?
Our model-based price target is the fair value of R$174.87 (as of Sep 13, 2026) from 21 valuation models. Cautious scenario R$119.14, optimistic scenario R$243.79. It is a calculation from audited fundamentals, not an analyst target.
What is the Hewlett Packard Co stock forecast for 2026?
Our models put fair value at R$174.87, about −4% upside versus a price of R$181.60 (fairly valued). Cautious scenario R$119.14, optimistic scenario R$243.79. The calculation is refreshed regularly with new filings.
What is the revenue of Hewlett Packard Co (HPQB34)?
Hewlett Packard Co reported trailing-twelve-month revenue of about R$57.4B (latest available figure, as of Sep 13, 2026).
Does Hewlett Packard Co pay a dividend?
Hewlett Packard Co currently shows a dividend yield of about 0.65% relative to its recent price (as of Sep 13, 2026).
What growth is priced into Hewlett Packard Co (HPQB34)?
For today's price to be fair in a discounted-cash-flow model, Hewlett Packard Co would have to grow free cash flow by +40.6 % per year for five years (discount rate 12.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.5 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of HPQB34 use?
Our models discount Hewlett Packard Co at 12.9 %: a base by market capitalisation (large), damped by beta 1.21, country premium for Brazil. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hewlett Packard Co that is +40.6 % per year a year over ten years, using the same discount rate (12.9 %) and the same formula as our fair value.
How much growth has Hewlett Packard Co (HPQB34) delivered so far?
Over the past 5 years revenue at Hewlett Packard Co grew -0.5 % a year. The price currently implies +40.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hewlett Packard Co (HPQB34) growing?
The median revenue growth in the sector is +8.1 % a year. That is the yardstick for the growth priced into Hewlett Packard Co (+40.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hewlett Packard Co (HPQB34)?
The free-cash-flow yield on the price is 1.65 %: that much free cash flow Hewlett Packard Co produces per unit of market value. When it exceeds the discount rate of our models (12.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hewlett Packard Co (HPQB34)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hewlett Packard Co it is R$174.87 per share (as of Sep 13, 2026), against a price of R$181.60. It is the blended result of 21 valuation models (cash flow, earnings, asset, dividend).
Is Hewlett Packard Co stock overvalued or undervalued in 2026?
As of Sep 13, 2026, HPQB34 trades above its calculated fair value: price R$181.60, fair value R$174.87, a gap of about −4% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HPQB34?
No. The price is what the market pays today (R$181.60); the fair value is what the company's own numbers justify (R$174.87). For Hewlett Packard Co the two are R$6.73 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hewlett Packard Co worth?
The market values Hewlett Packard Co at about R$170B (market capitalisation, as of Sep 13, 2026). Per share that is R$181.60; our models calculate a fair value of R$174.87 per share.
What do the bullish and bearish scenarios say about HPQB34?
Our models span a range for Hewlett Packard Co: cautious scenario R$119.14, base R$174.87, optimistic R$243.79 per share (as of Sep 13, 2026, price R$181.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HPQB34?
Hewlett Packard Co trades at a price-to-earnings ratio of 8.8 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R$174.87 is built from several models across several years. Other multiples: PEG 19.3, P/S 0.4, EV/EBITDA 5.8.
What is the PEG ratio of HPQB34?
The PEG ratio of Hewlett Packard Co is 19.31 (P/E divided by earnings growth, as of Sep 13, 2026). That is above 1, so the growth is already paid for in the price.
How far is HPQB34 from its 52-week high?
Hewlett Packard Co trades at R$181.60, about 14% below its 52-week high of R$159.38 and 109% above the low of R$87.05 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of R$174.87 is for.
Which stocks are comparable to Hewlett Packard Co?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Western Digital Corporation, Hygon Information Technology Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Hewlett Packard Co stock attractive at the current price?
The data as of Sep 13, 2026: price R$181.60, calculated fair value R$174.87 (−4%), Quality Score 62/100, from 21 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HPQB34 calculated?
We run Hewlett Packard Co through 21 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of R$174.87, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.8 % above its aggregate fair value. Hewlett Packard Co itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What should I pay attention to with Hewlett Packard Co right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (R$119.14 to R$243.79) leaves room in how you read the outcome.
Key figures of Hewlett Packard Co
How large is the market capitalisation of Hewlett Packard Co (HPQB34)?
The market capitalisation of Hewlett Packard Co is R$170B (≈ $33.1B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Hewlett Packard Co (HPQB34)?
The price-to-sales ratio of Hewlett Packard Co is 0.40 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hewlett Packard Co (HPQB34)?
Earnings per share at Hewlett Packard Co are R$13.99 (price ÷ EPS = P/E 8.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hewlett Packard Co (HPQB34)?
The dividend yield of Hewlett Packard Co is 0.6% (payout 8.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Hewlett Packard Co (HPQB34)?
The net margin of Hewlett Packard Co is 4.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Hewlett Packard Co (HPQB34)?
On an EBIT basis the return on assets of Hewlett Packard Co is 11.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Hewlett Packard Co (HPQB34)?
The operating margin of Hewlett Packard Co is 7.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hewlett Packard Co (HPQB34)?
Revenue at Hewlett Packard Co is growing +9.0% versus a year earlier (3y avg −4.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Hewlett Packard Co (HPQB34)?
Earnings per share at Hewlett Packard Co are growing +16.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hewlett Packard Co (HPQB34) carry?
The net debt of Hewlett Packard Co is R$6.0B (fiscal year 2025, ≈ 2.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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