Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2005
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
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Historical Valuation Ratios (Summary)
HP Inc., historical price multiples (quarterly data)
Based on: 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31), 10-K (reporting date: 2017-10-31), 10-Q (reporting date: 2017-07-31), 10-Q (reporting date: 2017-04-30), 10-Q (reporting date: 2017-01-31), 10-K (reporting date: 2016-10-31), 10-Q (reporting date: 2016-07-31), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-31), 10-K (reporting date: 2015-10-31), 10-Q (reporting date: 2015-07-31), 10-Q (reporting date: 2015-04-30), 10-Q (reporting date: 2015-01-31), 10-K (reporting date: 2014-10-31), 10-Q (reporting date: 2014-07-31), 10-Q (reporting date: 2014-04-30), 10-Q (reporting date: 2014-01-31), 10-K (reporting date: 2013-10-31), 10-Q (reporting date: 2013-07-31), 10-Q (reporting date: 2013-04-30), 10-Q (reporting date: 2013-01-31).
The analysis of the financial ratios over the presented periods reveals several notable trends and shifts in valuation metrics.
- Price to Earnings (P/E) Ratio
- The P/E ratio, starting from the first available data point in January 2014, demonstrates a general upward trend until January 2015, rising from approximately 10.48 to 14.57. Following this peak, the ratio declines sharply to about 4.82 by January 2016. After this trough, the ratio experiences a gradual recovery with fluctuations, reaching a high near 13.52 in October 2017. Thereafter, a notable decline occurs, decreasing to around 6.36 by July 2019. This pattern suggests periods of both investor optimism and concerns, with significant volatility observed.
- Price to Operating Profit (P/OP) Ratio
- The P/OP ratio closely mirrors the P/E trend, beginning at about 7.51 in January 2014 and rising steadily to a peak near 10.16 in October 2014. It then falls sharply to approximately 4.02 by January 2016, indicating a reduction in investor valuation relative to operating profit. Subsequently, there is a recovery phase with the ratio climbing back to a peak around 10.54 in January 2018 before descending steadily to 6.74 by July 2019. This ratio’s movement suggests changes in profitability perceptions, aligned with operating earnings' influence on valuation.
- Price to Sales (P/S) Ratio
- The P/S ratio moves from 0.48 in January 2014 to a higher level of 0.66 in January 2015, indicating increasing valuation relative to sales. Then, the ratio declines to a low of 0.21 by January 2016, signifying reduced valuation multiples on sales. Following that, it recovers intermittently to peak near 0.71 in January 2018, the highest value in the observed timeframe. A gradual decrease follows, reaching approximately 0.46 by July 2019. This ratio’s fluctuations reflect shifting market sentiments on revenue growth prospects and sales effectiveness.
- Price to Book Value (P/BV) Ratio
- The P/BV ratio is only available from January 2013 through October 2015. It starts at 1.79, rises steadily and reaches a notable peak of 2.73 in October 2014. Subsequently, the ratio declines to 0.79 by October 2015, indicating a significant reduction in the market’s premium relative to the company’s net book value. This pattern may indicate changes in asset valuation or market confidence during this earlier period but lacks later data for extended trend analysis.
Overall, the ratios collectively indicate that the company experienced periods of fluctuating market valuations, with notable peaks around early 2015 and 2017-2018, followed by declines toward mid-2019. The sharp drops notably around early 2016 may reflect company-specific challenges or broader market conditions impacting investor sentiment. The recovery phases suggest restoration of confidence, although the later declining trend points to renewed caution or valuation adjustments. The absence of price to book value data after 2015 limits ongoing trend assessments in that metric.
Price to Earnings (P/E)
HP Inc., historical P/E calculation (quarterly data)
| Jul 31, 2019 | Apr 30, 2019 | Jan 31, 2019 | Oct 31, 2018 | Jul 31, 2018 | Apr 30, 2018 | Jan 31, 2018 | Oct 31, 2017 | Jul 31, 2017 | Apr 30, 2017 | Jan 31, 2017 | Oct 31, 2016 | Jul 31, 2016 | Apr 30, 2016 | Jan 31, 2016 | Oct 31, 2015 | Jul 31, 2015 | Apr 30, 2015 | Jan 31, 2015 | Oct 31, 2014 | Jul 31, 2014 | Apr 30, 2014 | Jan 31, 2014 | Oct 31, 2013 | Jul 31, 2013 | Apr 30, 2013 | Jan 31, 2013 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||||
| Net earnings (in millions) | |||||||||||||||||||||||||||||||||||
| Earnings per share (EPS)2 | |||||||||||||||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||||
| P/E ratio4 | |||||||||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | |||||||||||||||||||||||||||||||||||
| Apple Inc. | |||||||||||||||||||||||||||||||||||
| Arista Networks Inc. | |||||||||||||||||||||||||||||||||||
| Cisco Systems Inc. | |||||||||||||||||||||||||||||||||||
| Dell Technologies Inc. | |||||||||||||||||||||||||||||||||||
| Super Micro Computer Inc. | |||||||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31), 10-K (reporting date: 2017-10-31), 10-Q (reporting date: 2017-07-31), 10-Q (reporting date: 2017-04-30), 10-Q (reporting date: 2017-01-31), 10-K (reporting date: 2016-10-31), 10-Q (reporting date: 2016-07-31), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-31), 10-K (reporting date: 2015-10-31), 10-Q (reporting date: 2015-07-31), 10-Q (reporting date: 2015-04-30), 10-Q (reporting date: 2015-01-31), 10-K (reporting date: 2014-10-31), 10-Q (reporting date: 2014-07-31), 10-Q (reporting date: 2014-04-30), 10-Q (reporting date: 2014-01-31), 10-K (reporting date: 2013-10-31), 10-Q (reporting date: 2013-07-31), 10-Q (reporting date: 2013-04-30), 10-Q (reporting date: 2013-01-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2019 Calculation
EPS
= (Net earningsQ3 2019
+ Net earningsQ2 2019
+ Net earningsQ1 2019
+ Net earningsQ4 2018)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of HP Inc. Quarterly or Annual Report.
4 Q3 2019 Calculation
P/E ratio = Share price ÷ EPS
= ÷ =
5 Click competitor name to see calculations.
The share price of the company demonstrated fluctuations over the reported periods. Initially, it showed a gradual increase from $21.03 in January 2013 to a peak of $39.82 in October 2014. This peak was followed by a notable decline, reaching a low point of $12.26 in October 2015. After this trough, the share price exhibited a recovery trend, climbing steadily to $24.49 by July 2018, before slowing and slightly declining again toward the end of the series, ending around $18.09 in July 2019.
Earnings per share (EPS) data became available from January 2014 onwards. EPS was relatively stable in 2014 and early 2015, hovering around the $2.5 to $2.9 range, before showing a declining trend starting in 2015. This downward trend continued until it reached a low near 1.41-1.46 in late 2016 and early 2017. From 2017 onwards, EPS started to recover, rising notably in 2018 and peaking at $3.43 in January 2019, followed by a modest decrease toward mid-2019.
The Price-to-Earnings (P/E) ratio displayed variability consistent with the movements in both share price and EPS. Early data in 2014 to mid-2015 showed values generally between approximately 10.48 and 14.57. A significant drop in P/E ratio occurred around late 2015, coinciding with the share price decline, reaching as low as 4.82 in January 2016. Following this period, the P/E ratio gradually increased, peaking at 13.52 in October 2017, then generally declined gradually through 2018 and mid-2019, ending near 6.36.
- Share Price Trends
- Initial growth until late 2014, followed by a sharp decline through late 2015, then a recovery phase through 2018 with moderate downward adjustment in 2019.
- Earnings per Share (EPS) Trends
- Limited early data; a stable period followed by a decline from 2015 to 2017; subsequent recovery and peak in early 2019; slight decline thereafter.
- Price-to-Earnings (P/E) Ratio Trends
- Variable but generally within mid-teens early on, falling sharply alongside share price in 2015-2016, then rising to a peak in 2017 before declining through mid-2019.
Overall, the financial data reflect a period of volatility, with share price and earnings showing significant declines around 2015 and 2016, followed by recovery phases. The P/E ratio dynamics highlight changing market valuation relative to earnings, with notably lower valuations in the post-decline period and a partial return to higher multiples subsequently. This pattern suggests periods of investor uncertainty and adjustment to earnings performance, followed by renewed confidence aligned with improving earnings.
Price to Operating Profit (P/OP)
HP Inc., historical P/OP calculation (quarterly data)
| Jul 31, 2019 | Apr 30, 2019 | Jan 31, 2019 | Oct 31, 2018 | Jul 31, 2018 | Apr 30, 2018 | Jan 31, 2018 | Oct 31, 2017 | Jul 31, 2017 | Apr 30, 2017 | Jan 31, 2017 | Oct 31, 2016 | Jul 31, 2016 | Apr 30, 2016 | Jan 31, 2016 | Oct 31, 2015 | Jul 31, 2015 | Apr 30, 2015 | Jan 31, 2015 | Oct 31, 2014 | Jul 31, 2014 | Apr 30, 2014 | Jan 31, 2014 | Oct 31, 2013 | Jul 31, 2013 | Apr 30, 2013 | Jan 31, 2013 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||||
| Earnings from operations (in millions) | |||||||||||||||||||||||||||||||||||
| Operating profit per share2 | |||||||||||||||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||||
| P/OP ratio4 | |||||||||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | |||||||||||||||||||||||||||||||||||
| Apple Inc. | |||||||||||||||||||||||||||||||||||
| Arista Networks Inc. | |||||||||||||||||||||||||||||||||||
| Cisco Systems Inc. | |||||||||||||||||||||||||||||||||||
| Dell Technologies Inc. | |||||||||||||||||||||||||||||||||||
| Super Micro Computer Inc. | |||||||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31), 10-K (reporting date: 2017-10-31), 10-Q (reporting date: 2017-07-31), 10-Q (reporting date: 2017-04-30), 10-Q (reporting date: 2017-01-31), 10-K (reporting date: 2016-10-31), 10-Q (reporting date: 2016-07-31), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-31), 10-K (reporting date: 2015-10-31), 10-Q (reporting date: 2015-07-31), 10-Q (reporting date: 2015-04-30), 10-Q (reporting date: 2015-01-31), 10-K (reporting date: 2014-10-31), 10-Q (reporting date: 2014-07-31), 10-Q (reporting date: 2014-04-30), 10-Q (reporting date: 2014-01-31), 10-K (reporting date: 2013-10-31), 10-Q (reporting date: 2013-07-31), 10-Q (reporting date: 2013-04-30), 10-Q (reporting date: 2013-01-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2019 Calculation
Operating profit per share
= (Earnings from operationsQ3 2019
+ Earnings from operationsQ2 2019
+ Earnings from operationsQ1 2019
+ Earnings from operationsQ4 2018)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of HP Inc. Quarterly or Annual Report.
4 Q3 2019 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= ÷ =
5 Click competitor name to see calculations.
The analyzed financial data reveals several notable trends over the reported periods.
- Share Price
- The share price exhibited a general upward trend from January 2013 through October 2014, rising from 21.03 US$ to a peak of 39.82 US$. Subsequently, a marked decline occurred over the next year, reaching a low of 11.11 US$ by January 2016. From this trough, the share price gradually recovered, climbing to a level of 24.49 US$ by July 2018. The final periods show a slight decrease, ending at 18.09 US$ in July 2019. This pattern indicates considerable volatility with a significant drop followed by a partial recovery.
- Operating Profit per Share (OPPS)
- Starting measurements from January 2014, operating profit per share initially shows a rising trend from 3.74 US$ in early 2014 to 3.92 US$ in January 2015, followed by a gradual decline reaching 1.97 US$ by October 2017. Post-2017, OPPS stabilized somewhat, with a modest upward trend seen towards the end of the period, closing at 2.69 US$ in July 2019. This suggests a peak in operating profitability early in the timeline, with a weakening and then partial recovery in later years.
- Price to Operating Profit (P/OP) Ratio
- The P/OP ratio exhibits variability corresponding to changes in both share price and operating profit per share. Initially, from mid-2014, the ratio hovered between approximately 7.5 and 10.5, indicating a generally high valuation relative to operating income. During the share price decline period (late 2014 to early 2016), the ratio diminished sharply to around 4, reflecting a lower market valuation. It then increased steadily from 2016 onward, peaking near 10.54 in early 2018, before tapering off towards the last periods to approximately 6.74 by July 2019. This trend suggests fluctuating investor sentiment and valuation multiples over the period, with notably high valuations post-recovery phases.
Overall, the data depicts a cycle of growth, contraction, and recovery in both share price and operating profit per share, with valuation ratios adjusting in response to these financial performance shifts. The share price and operating profit per share movements are closely aligned, yet the price to operating profit ratio indicates changing market expectations regarding earnings quality or future growth potential throughout the periods analyzed.
Price to Sales (P/S)
HP Inc., historical P/S calculation (quarterly data)
| Jul 31, 2019 | Apr 30, 2019 | Jan 31, 2019 | Oct 31, 2018 | Jul 31, 2018 | Apr 30, 2018 | Jan 31, 2018 | Oct 31, 2017 | Jul 31, 2017 | Apr 30, 2017 | Jan 31, 2017 | Oct 31, 2016 | Jul 31, 2016 | Apr 30, 2016 | Jan 31, 2016 | Oct 31, 2015 | Jul 31, 2015 | Apr 30, 2015 | Jan 31, 2015 | Oct 31, 2014 | Jul 31, 2014 | Apr 30, 2014 | Jan 31, 2014 | Oct 31, 2013 | Jul 31, 2013 | Apr 30, 2013 | Jan 31, 2013 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||||
| Net revenue (in millions) | |||||||||||||||||||||||||||||||||||
| Sales per share2 | |||||||||||||||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||||
| P/S ratio4 | |||||||||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | |||||||||||||||||||||||||||||||||||
| Apple Inc. | |||||||||||||||||||||||||||||||||||
| Arista Networks Inc. | |||||||||||||||||||||||||||||||||||
| Cisco Systems Inc. | |||||||||||||||||||||||||||||||||||
| Dell Technologies Inc. | |||||||||||||||||||||||||||||||||||
| Super Micro Computer Inc. | |||||||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31), 10-K (reporting date: 2017-10-31), 10-Q (reporting date: 2017-07-31), 10-Q (reporting date: 2017-04-30), 10-Q (reporting date: 2017-01-31), 10-K (reporting date: 2016-10-31), 10-Q (reporting date: 2016-07-31), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-31), 10-K (reporting date: 2015-10-31), 10-Q (reporting date: 2015-07-31), 10-Q (reporting date: 2015-04-30), 10-Q (reporting date: 2015-01-31), 10-K (reporting date: 2014-10-31), 10-Q (reporting date: 2014-07-31), 10-Q (reporting date: 2014-04-30), 10-Q (reporting date: 2014-01-31), 10-K (reporting date: 2013-10-31), 10-Q (reporting date: 2013-07-31), 10-Q (reporting date: 2013-04-30), 10-Q (reporting date: 2013-01-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2019 Calculation
Sales per share
= (Net revenueQ3 2019
+ Net revenueQ2 2019
+ Net revenueQ1 2019
+ Net revenueQ4 2018)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of HP Inc. Quarterly or Annual Report.
4 Q3 2019 Calculation
P/S ratio = Share price ÷ Sales per share
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trend
- The share price exhibited notable fluctuations over the observed periods. It began around $21.03 and gradually increased to a peak near $39.82 by October 2014. A significant decline followed, reaching approximately $11.11 by January 2016. Subsequently, the share price showed a steady recovery, rising to approximately $24.49 by July 2018 before experiencing a slight decrease to around $18.09 by July 2019.
- Sales per Share Trend
- Sales per share data, available from January 2014 onwards, showed a downward trend initially, decreasing from about $58.83 to a low near $28.28 by January 2017. After this decline, sales per share gradually increased, reaching approximately $39.62 by July 2019, indicating a recovery in sales performance over the later periods.
- Price-to-Sales Ratio (P/S) Trend
- The price-to-sales ratio experienced increases and decreases corresponding to movements in both share price and sales per share. Starting at 0.48 in early 2014, it reached a high of around 0.71 in January 2018. A subsequent decline brought the ratio down to approximately 0.46 by July 2019, demonstrating a fluctuating valuation of the company's sales relative to its share price.
- Overall Insights
- The combined data reflects an initial growth phase in share price up to late 2014, followed by a sharp downturn until early 2016. Sales per share declined significantly during this timeframe, mirroring the reduction in market valuation. Post-2016, the market showed a recovery in both sales per share and share price values, with the price-to-sales ratio indicating a phase of increasing investor confidence until early 2018, before a slight contraction ensued. These patterns suggest periods of volatility with eventual stabilization and moderate growth towards mid-2019.
Price to Book Value (P/BV)
HP Inc., historical P/BV calculation (quarterly data)
| Jul 31, 2019 | Apr 30, 2019 | Jan 31, 2019 | Oct 31, 2018 | Jul 31, 2018 | Apr 30, 2018 | Jan 31, 2018 | Oct 31, 2017 | Jul 31, 2017 | Apr 30, 2017 | Jan 31, 2017 | Oct 31, 2016 | Jul 31, 2016 | Apr 30, 2016 | Jan 31, 2016 | Oct 31, 2015 | Jul 31, 2015 | Apr 30, 2015 | Jan 31, 2015 | Oct 31, 2014 | Jul 31, 2014 | Apr 30, 2014 | Jan 31, 2014 | Oct 31, 2013 | Jul 31, 2013 | Apr 30, 2013 | Jan 31, 2013 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||||
| Total HP stockholders’ equity (deficit) (in millions) | |||||||||||||||||||||||||||||||||||
| Book value per share (BVPS)2 | |||||||||||||||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||||
| P/BV ratio4 | |||||||||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | |||||||||||||||||||||||||||||||||||
| Apple Inc. | |||||||||||||||||||||||||||||||||||
| Arista Networks Inc. | |||||||||||||||||||||||||||||||||||
| Cisco Systems Inc. | |||||||||||||||||||||||||||||||||||
| Dell Technologies Inc. | |||||||||||||||||||||||||||||||||||
| Super Micro Computer Inc. | |||||||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31), 10-K (reporting date: 2017-10-31), 10-Q (reporting date: 2017-07-31), 10-Q (reporting date: 2017-04-30), 10-Q (reporting date: 2017-01-31), 10-K (reporting date: 2016-10-31), 10-Q (reporting date: 2016-07-31), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-31), 10-K (reporting date: 2015-10-31), 10-Q (reporting date: 2015-07-31), 10-Q (reporting date: 2015-04-30), 10-Q (reporting date: 2015-01-31), 10-K (reporting date: 2014-10-31), 10-Q (reporting date: 2014-07-31), 10-Q (reporting date: 2014-04-30), 10-Q (reporting date: 2014-01-31), 10-K (reporting date: 2013-10-31), 10-Q (reporting date: 2013-07-31), 10-Q (reporting date: 2013-04-30), 10-Q (reporting date: 2013-01-31).
1 Data adjusted for splits and stock dividends.
2 Q3 2019 Calculation
BVPS = Total HP stockholders’ equity (deficit) ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of HP Inc. Quarterly or Annual Report.
4 Q3 2019 Calculation
P/BV ratio = Share price ÷ BVPS
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trends
- The share price exhibited notable fluctuations during the analyzed periods. Starting at $21.03 in January 2013, the price generally increased, reaching a peak near $39.82 by October 2014. Subsequently, a significant decline occurred, dropping to $12.26 by October 2015. Following this trough, the share price showed a gradual recovery, steadily rising to approximately $24.49 by July 2018 before experiencing a slight decrease towards July 2019, closing at $18.09.
- Book Value per Share (BVPS) Trends
- The book value per share displayed an upward trajectory from January 2013 ($11.78) through October 2015 ($15.5), indicating an increase in net asset value relative to outstanding shares. However, after this peak, there was a pronounced reversal with BVPS turning negative starting January 2016 (-$2.83), persisting negative throughout the remaining periods up to July 2019 (-$0.76). This change indicates a significant deterioration in net assets or an accounting adjustment affecting equity valuation during this timeframe.
- Price-to-Book Value Ratio (P/BV) Trends
- The P/BV ratio fluctuated in alignment with both share price and BVPS movements up to October 2015. It ranged from 1.75 to 2.73 before data became unavailable after October 2015. The absence of P/BV ratios beyond this period corresponds with the onset of negative BVPS values, which would make traditional price-to-book computations less meaningful or applicable.
- Overall Observations
- The data reveals a period of growth in both market valuation and book value per share up to late 2014 or early 2015, followed by a significant disruption leading to negative book values while share prices also dropped substantially. Despite negative equity book values, share price recovery occurred moderately, signaling possible investor confidence or market adjustments not solely tied to book value. The cessation of P/BV ratios indicates that typical valuation metrics became less relevant due to accounting or financial conditions impacting equity measurement.