HP INC (HPQ)

Computer & office Equipment

Latest Price

$34.02

TTM P/E

13.54

Normalized P/E

10.98

Div Yield

3.38%

Book Value

P/B Ratio

Valuation metrics

Norm. op. income: $3.8B (median of 7yr)

Tax rate: 13%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$28.42

20% downside

Base FCF: $3.2B (median of recent 5yr)

Growth: -9%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$14.42

59% downside

EPS: $2.65

Target P/E: 11×

Formula: EPS × P/E

P/E Fair Value

$29.15

18% downside

92.8% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	107.46M	$2.36B	11.90%	+2.47M	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	59.65M	$1.31B	6.61%	+177.6K	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	58.03M	$1.27B	6.43%	+566.2K	2026-06-30
STATE STREET CORP	52.84M	$1.17B	5.85%	+758.0K	2026-06-30
Dodge & Cox	42.63M	$935.0M	4.72%	+1.04M	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	30.62M	$671.0M	3.39%	+514.8K	2026-06-30
PRIMECAP MANAGEMENT CO/CA/	24.89M	$545.0M	2.76%	+3.42M	2026-06-30
Invesco Ltd.	19.25M	$422.0M	2.13%	-2.14M	2026-06-30
DNB Asset Management AS	18.84M	$413.0M	2.09%	-961.5K	2026-06-30
AQR CAPITAL MANAGEMENT LLC	18.04M	$395.0M	2.00%	+3.21M	2026-06-30