# HP Inc. (HPQ) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Technology / Technology Hardware, Storage & Peripherals. Price $32.64, market value $29.4 billion.

## Valuation
- **P/E (trailing): 12.5×** (5-yr avg 8.3×, 3-yr avg 9.6×). HP Inc. trades at 12.5× trailing earnings, well above its own five-year average of 8.3×: investors are paying up relative to the company's past. The Technology median in the September 2026 study was 32.1×. Forward P/E is 10.4×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 0.5×**. Each dollar of revenue is priced at 0.5×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **EV / EBITDA: 8.5×**. Enterprise value is 8.5× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 13.2%** (5-yr avg 13.4%). Free cash flow equals 13.2% of the market value, in line with its five-year average of 13.4%. Above 5% is generally attractive.
- **Earnings yield: 8.0%**. The inverse of the P/E: 8.0% of the price is earned each year.

## Profitability
- **Gross margin: 19.9%**. HP Inc. keeps 19.9% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Operating margin: 5.4%**. 5.4% of revenue is left after running the business.
- **Net margin: 4.6%**. 4.6% of each dollar of sales reaches the bottom line.
- **Return on equity: -730.9%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 45.2%**. Return on all capital, debt included, is 45.2%: comfortably above what that capital costs.
- **Return on assets: 5.9%**. Each dollar of assets produces 5.9% of profit.

## Growth
- **Revenue growth (1 yr): 3.2%** (3-yr -4.2%/yr, 5-yr -0.5%/yr). Revenue grew 3.2% over the last year, against -0.5% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -5.7%** (3-yr -3.8%/yr, 5-yr 6.0%/yr). Earnings per share fell 5.7%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -8.9%/yr**. Free cash flow has compounded at -8.9% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Net debt / EBITDA: 1.4×**. It would take 1.4 years of operating earnings to repay net borrowings, within the comfortable range.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.68%** ($1.19 per share, trailing). HP Inc. yields 3.68%, an income-level yield.
- **Payout ratio: 43%** (28% of free cash flow). 43% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 24**. 24 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 10.1%/yr** (1-yr 4.5%). The dividend has compounded at 10.1% a year over five years, doubling roughly every 7 years at that pace.

## Analyst view
- **Analyst consensus: hold** (16 analysts). 16 analysts cover HP Inc.; the consensus is hold, with an average price target of $29.19 (-11% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 18.7%** (YTD 50.7%, 3-mo 29.2%). The shares are up 18.7% over twelve months including dividends.
- **From 52-week high: -0.4%** (85.9% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 66**. An RSI of 66 is neutral.
- **Beta (1 yr): 0.78** (volatility 44%). Beta of 0.78 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=HPQ · Page: https://foliofundamentals.com/stocks/hpq

Not investment advice.