HP Inc. (HPQ) Key Metrics
HPQ valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $27.06B
- Enterprise value
- $35.06B
- P/E (TTM)
- 11.5 10-yr median 9.2
- Forward P/E
- 9.9
- PEG ratio
- 3.42
- Price / sales
- 0.5 10-yr median 0.5
- Price / book
- 0.6
- EV / EBITDA
- 8.3 10-yr median 7.7
- Dividend yield
- 4.00% $1.20 a year
- Beta
- 1.19
HPQ key metrics, FY2016–FY2025
Fiscal year ended October 31, 2025 · U.S. dollarsHPQ valuation Price multiples at each fiscal year-end price.
HPQ returns How much profit the business earns on the capital it uses.
HPQ per-share figures Results divided by the shares outstanding at year-end.
HPQ financial health Debt, liquidity and how easily interest is covered.
HPQ efficiency & capital use Working capital cycle and where the cash goes.
HPQ valuation history
HPQ returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
HPQ debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
HPQ cash returned to shareholders
HPQ price vs earnings per share
HPQ key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $26.37B | $35.13B | $26.33B | $29.00B | $37.00B | $25.50B | $26.47B | $39.44B | $36.68B | $25.26B |
| Enterprise value | $33.56B | $42.79B | $33.96B | $38.15B | $41.48B | $27.76B | $27.07B | $39.55B | $36.35B | $25.78B |
| P/E ratio | 10.4 | 12.7 | 8.1 | 9.3 | 5.7 | 9.1 | 8.4 | 7.4 | 14.5 | 10.1 |
| Price / sales | 0.5 | 0.7 | 0.5 | 0.5 | 0.6 | 0.5 | 0.5 | 0.7 | 0.7 | 0.5 |
| Price / free cash flow | 9.4 | 11.1 | 8.9 | 7.9 | 6.4 | 6.8 | 6.6 | 9.9 | 11.2 | 9.0 |
| Price / operating cash flow | 7.1 | 9.4 | 7.4 | 6.5 | 5.8 | 5.9 | 5.7 | 8.7 | 10.0 | 7.8 |
| EV / sales | 0.6 | 0.8 | 0.6 | 0.6 | 0.7 | 0.5 | 0.5 | 0.7 | 0.7 | 0.5 |
| EV / EBITDA | 8.2 | 9.1 | 7.6 | 7.0 | 4.8 | 6.5 | 7.7 | 10.3 | 9.2 | 5.9 |
| EV / free cash flow | 12.0 | 13.6 | 11.5 | 10.4 | 7.1 | 7.4 | 6.8 | 9.9 | 11.1 | 9.2 |
| Earnings yield | 9.6% | 7.9% | 12.4% | 10.8% | 17.7% | 11.0% | 11.9% | 13.5% | 6.9% | 9.9% |
| Free cash flow yield | 10.6% | 9.0% | 11.2% | 12.7% | 15.7% | 14.6% | 15.0% | 10.1% | 8.9% | 11.1% |
| Dividend yield | 4.1% | 3.1% | 3.9% | 3.6% | 2.5% | 3.9% | 3.7% | 2.3% | 2.4% | 3.4% |
| Shareholder yield (dividends + buybacks) | 7.3% | 9.0% | 4.3% | 18.4% | 19.4% | 16.1% | 12.7% | 8.8% | 6.3% | 8.0% |
| Share price at fiscal year-end | $27.67 | $35.52 | $26.33 | $27.62 | $30.33 | $17.96 | $17.37 | $24.14 | $21.55 | $14.49 |
| Per share | ||||||||||
| Revenue per share | $58.02 | $54.15 | $53.72 | $59.91 | $52.02 | $39.89 | $38.55 | $35.78 | $30.59 | $27.68 |
| Earnings per share | $2.65 | $2.81 | $3.26 | $2.98 | $5.36 | $1.98 | $2.07 | $3.26 | $1.48 | $1.43 |
| Operating cash flow per share | $3.88 | $3.79 | $3.57 | $4.25 | $5.25 | $3.04 | $3.05 | $2.77 | $2.16 | $1.85 |
| Free cash flow per share | $2.94 | $3.19 | $2.96 | $3.50 | $4.78 | $2.63 | $2.61 | $2.44 | $1.92 | $1.60 |
| Cash per share | $3.87 | $3.27 | $3.11 | $3.00 | $3.52 | $3.62 | $2.98 | $3.60 | $4.79 | $3.61 |
| Book value per share | −$0.36 | −$1.34 | −$1.07 | −$2.88 | −$1.35 | −$1.57 | −$0.78 | −$0.39 | −$2.00 | −$2.23 |
| Tangible book value per share | −$10.56 | −$11.39 | −$11.25 | −$12.86 | −$7.57 | −$6.44 | −$5.40 | −$4.32 | −$5.31 | −$6.61 |
| Dividends per share | $1.14 | $1.09 | $1.04 | $0.99 | $0.77 | $0.70 | $0.64 | $0.55 | $0.53 | $0.49 |
| Capex per share | $0.94 | $0.60 | $0.61 | $0.75 | $0.48 | $0.41 | $0.44 | $0.33 | $0.24 | $0.25 |
| Debt per share | $11.42 | $11.02 | $10.74 | $11.71 | $7.20 | $5.21 | $3.37 | $3.66 | $4.59 | $3.91 |
| Shares outstanding | 953.0M | 989.0M | 1.00B | 1.05B | 1.22B | 1.42B | 1.52B | 1.63B | 1.70B | 1.74B |
| Change in shares outstanding | −3.6% | −1.1% | −4.8% | −13.9% | −14.1% | −6.8% | −6.7% | −4.0% | −2.4% | −5.1% |
| Returns & profitability | ||||||||||
| Return on invested capital (ROIC) | 52.1% | 50.1% | 54.5% | 73.7% | 323.3% | — | — | — | — | — |
| Return on assets (ROA) | 6.2% | 7.2% | 8.6% | 8.1% | 17.9% | 8.3% | 9.3% | 15.8% | 8.2% | 3.7% |
| Return on tangible assets | 7.9% | 9.3% | 12.2% | 11.2% | 21.1% | 10.1% | 11.9% | 18.9% | 9.3% | 11.7% |
| Free cash flow margin | 5.1% | 5.9% | 5.5% | 5.8% | 9.2% | 6.6% | 6.8% | 6.8% | 6.3% | 5.8% |
| Income quality (OCF / net income) | 1.46 | 1.35 | 1.09 | 1.42 | 0.98 | 1.53 | 1.48 | 0.85 | 1.46 | 1.29 |
| Financial health | ||||||||||
| Total debt | $10.88B | $10.90B | $10.74B | $12.29B | $8.78B | $7.40B | $5.14B | $5.99B | $7.82B | $6.81B |
| Cash & short-term investments | $3.69B | $3.24B | $3.11B | $3.15B | $4.30B | $5.14B | $4.54B | $5.88B | $8.15B | $6.29B |
| Net debt | $7.19B | $7.66B | $7.63B | $9.15B | $4.48B | $2.26B | $600.0M | $110.0M | −$327.0M | $525.0M |
| Debt / assets | 0.26 | 0.27 | 0.29 | 0.32 | 0.23 | 0.21 | 0.15 | 0.17 | 0.24 | 0.23 |
| Net debt / EBITDA | 1.76 | 1.62 | 1.71 | 1.67 | 0.52 | 0.53 | 0.17 | 0.03 | −0.08 | 0.12 |
| Current ratio | 0.77 | 0.72 | 0.73 | 0.75 | 0.76 | 0.79 | 0.80 | 0.85 | 1.00 | 0.98 |
| Quick ratio | 0.48 | 0.45 | 0.45 | 0.46 | 0.49 | 0.56 | 0.57 | 0.61 | 0.74 | 0.74 |
| Interest coverage | 7.2 | 6.3 | 5.1 | 12.7 | 21.1 | 14.4 | 16.0 | 12.3 | 10.9 | 13.0 |
| Working capital | −$6.80B | −$7.93B | −$6.51B | −$6.45B | −$6.93B | −$5.57B | −$5.12B | −$3.74B | −$94.0M | −$340.0M |
| Invested capital | $6.85B | $6.34B | $6.56B | $6.12B | $2.83B | $30.0M | −$593.0M | −$529.0M | −$3.73B | −$3.36B |
| Tangible asset value | −$10.06B | −$11.27B | −$11.25B | −$13.50B | −$9.23B | −$9.15B | −$8.23B | −$7.06B | −$9.03B | −$11.53B |
| Net current asset value | −$19.66B | −$20.47B | −$20.10B | −$21.78B | −$18.08B | −$16.26B | −$14.48B | −$13.87B | −$14.00B | −$14.43B |
| Graham net-net per share | −$29.04 | −$28.20 | −$26.71 | −$28.00 | −$20.76 | −$15.81 | −$13.49 | −$12.45 | −$11.70 | −$11.14 |
| Capital allocation | ||||||||||
| Dividends paid | $1.09B | $1.07B | $1.04B | $1.04B | $938.0M | $997.0M | $970.0M | $899.0M | $894.0M | $858.0M |
| Share buybacks (net) | $850.0M | $2.10B | $100.0M | $4.30B | $6.25B | $3.11B | $2.40B | $2.56B | $1.41B | $1.16B |
| Dividend payout ratio | 43.0% | 38.7% | 31.7% | 33.1% | 14.3% | 35.4% | 30.8% | 16.9% | 35.4% | 34.4% |
| Dividends + buybacks / free cash flow | 69.2% | 100.6% | 38.4% | 145.3% | 123.3% | 109.9% | 84.7% | 86.8% | 70.4% | 72.2% |
| Capex / revenue | 1.6% | 1.1% | 1.1% | 1.3% | 0.9% | 1.0% | 1.1% | 0.9% | 0.8% | 0.9% |
| Capex / operating cash flow | 24.3% | 15.8% | 17.1% | 17.7% | 9.1% | 13.4% | 14.4% | 12.1% | 10.9% | 13.4% |
| Capex / depreciation | 0.98 | 0.71 | 0.72 | 1.01 | 0.74 | 0.74 | 0.90 | 1.03 | 1.14 | 1.30 |
| Stock-based compensation / revenue | 0.9% | 0.8% | 0.8% | 0.5% | 0.5% | 0.5% | 0.5% | 0.5% | 0.4% | 0.4% |
| R&D / revenue | 2.9% | 3.1% | 2.9% | 2.6% | 2.9% | 2.6% | 2.6% | 2.4% | 2.3% | 2.5% |
| SG&A / revenue | 10.5% | 10.6% | 9.8% | 8.4% | 9.0% | 9.0% | 9.1% | 8.3% | 8.4% | 8.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 56.1 | 50.3 | 45.3 | 45.7 | 49.8 | 56.0 | 52.6 | 47.3 | 48.3 | 51.8 |
| Days of inventory on hand | 66.9 | 63.8 | 62.6 | 56.0 | 50.7 | 46.2 | 45.2 | 45.2 | 44.1 | 40.8 |
| Days payables outstanding | 144.2 | 135.3 | 126.9 | 113.1 | 112.2 | 116.5 | 113.6 | 107.3 | 104.8 | 99.0 |
| Cash conversion cycle (days) | -21.2 | -21.3 | -19.0 | -11.3 | -11.8 | -14.3 | -15.7 | -14.7 | -12.4 | -6.5 |
| Receivables turnover | 6.51 | 7.26 | 8.06 | 7.98 | 7.33 | 6.52 | 6.94 | 7.71 | 7.56 | 7.05 |
| Payables turnover | 2.53 | 2.70 | 2.88 | 3.23 | 3.25 | 3.13 | 3.21 | 3.40 | 3.48 | 3.69 |
| Inventory turnover | 5.45 | 5.73 | 5.83 | 6.52 | 7.21 | 7.90 | 8.07 | 8.07 | 8.27 | 8.95 |
| Asset turnover | 1.35 | 1.39 | 1.42 | 1.63 | 1.73 | 1.66 | 1.73 | 1.73 | 1.68 | 0.71 |
| Average receivables | $8.49B | $7.38B | $6.66B | $7.88B | $8.66B | $8.69B | $8.47B | $7.58B | $6.89B | $6.85B |
| Average payables | $17.48B | $15.47B | $14.67B | $15.69B | $15.39B | $14.75B | $14.80B | $14.05B | $12.19B | $10.65B |
| Average inventory | $8.12B | $7.29B | $7.24B | $7.77B | $6.95B | $5.85B | $5.90B | $5.92B | $5.13B | $4.39B |
| Intangibles / total assets | 23.3% | 24.9% | 27.5% | 27.2% | 19.7% | 20.0% | 21.0% | 18.5% | 17.1% | 26.3% |
Computed from HPQ's annual financial statements (latest annual report filed December 10, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
HPQ valuation and financial ratios
At the end of fiscal 2025 (October 31, 2025), HP traded at 10.4 times earnings, against a 10-year median of 9.2. Based on the latest twelve months, the trailing P/E is 11.5 and the forward P/E is 9.9. HP earned a return on invested capital of 52.1% in fiscal 2025. It ended the year with $10.9 billion of debt and $3.7 billion in cash and short-term investments, net debt of $7.2 billion. It returned $1.9 billion to shareholders: $1.1 billion in dividends and $850.0 million in share buybacks, 69% of free cash flow. The share count fell 45.3% from 1.74B to 953.0M over 9 years.
See the HPQ income statement, the HPQ chart for price history, or the HPQ stock overview for the latest quote and news.
HPQ key metrics FAQ
What is HP's P/E ratio?
HP's trailing P/E ratio is 11.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 9.9. At the end of fiscal 2025 it was 10.4, compared with a 10-year median of 9.2.
What is HP's EV/EBITDA?
HP's enterprise value was 8.2 times EBITDA at the end of fiscal 2025 (enterprise value $33.6 billion, EBITDA $4.1 billion); the current EV/EBITDA is 8.3.
What is HP's ROIC?
HP's return on invested capital was 52.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does HP have?
HP had total debt of $10.9 billion at the end of fiscal 2025 and $7.2 billion of net debt (1.76 times EBITDA).
What is HP's dividend yield?
HP's forward dividend yield is 4.00%. HP paid $1.1 billion in dividends in fiscal 2025 ($1.14 per share), a payout ratio of 43.0%.
Does HP buy back its shares?
Yes. HP spent $850.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −3.6% over the year, to 953.0M..
What is HP's free cash flow yield?
HP generated $2.8 billion of free cash flow in fiscal 2025, a free cash flow yield of 10.6% on its market value at year-end ($26.4 billion).
What is HP's current ratio?
HP's current ratio was 0.77 at the end of fiscal 2025: current assets were 0.77 times current liabilities.