Hewlett Packard Enterprise Co (MIL:1HPE) Cyclically Adjusted PB Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MIL:1HPE Hewlett Packard Enterprise Co MIL:1HPE
45 GF Score
Price €52.90
GF Value €23.70
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Hewlett Packard Enterprise Co Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hewlett Packard Enterprise Co  (MIL:1HPE) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Hewlett Packard Enterprise Co Cyclically Adjusted PB Ratio Related Terms


Hewlett Packard Enterprise Co Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Hewlett Packard Enterprise Co's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hewlett Packard Enterprise Co Cyclically Adjusted PB Ratio Chart

Hewlett Packard Enterprise Co Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 1.07 1.26

Hewlett Packard Enterprise Co Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.08 1.26 1.11 1.40 2.41

MIL:1HPE vs LITE, MSI, CIEN: Cyclically Adjusted PB Ratio Comparison

For the Communication Equipment subindustry, Hewlett Packard Enterprise Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hewlett Packard Enterprise Co Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Hewlett Packard Enterprise Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Hewlett Packard Enterprise Co's Cyclically Adjusted PB Ratio falls into.


MIL:1HPE
45GF Score
Hewlett Packard Enterprise Co MIL:1HPE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hewlett Packard Enterprise Co Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Hewlett Packard Enterprise Co's Cyclically Adjusted Book per Share for the quarter that ended in Jul. 2026 is calculated as:

For example, Hewlett Packard Enterprise Co's adjusted Book Value per Share data for the three months ended in Jul. 2026 was:

Adj_Book=Book Value per Share/CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=17.392/333.9180*333.9180
=17.392

Current CPI (Jul. 2026) = 333.9180.

Hewlett Packard Enterprise Co Quarterly Data

Book Value per Share CPI Adj_Book
201610 17.258 241.729 23.840
201701 17.568 242.839 24.157
201704 16.206 244.524 22.131
201707 15.172 244.786 20.696
201710 12.650 246.663 17.125
201801 12.289 247.867 16.555
201804 12.990 250.546 17.313
201807 13.530 252.006 17.928
201810 13.195 252.885 17.423
201901 11.596 251.712 15.383
201904 12.092 255.548 15.800
201907 12.053 256.571 15.687
201910 11.879 257.346 15.414
202001 12.034 257.971 15.577
202004 11.578 256.389 15.079
202007 10.657 259.101 13.734
202010 10.737 260.388 13.769
202101 10.399 261.582 13.275
202104 10.582 267.054 13.231
202107 11.016 273.003 13.474
202110 13.357 276.589 16.126
202201 13.974 281.148 16.597
202204 15.019 289.109 17.347
202207 15.734 296.276 17.733
202210 15.725 298.012 17.620
202301 14.243 299.170 15.897
202304 14.317 303.363 15.759
202307 14.617 305.691 15.967
202310 15.661 307.671 16.997
202401 15.203 308.417 16.460
202404 15.661 313.548 16.678
202407 15.754 314.540 16.725
202410 17.666 315.664 18.688
202501 18.517 317.671 19.464
202504 16.061 320.795 16.718
202507 16.209 323.048 16.754
202510 16.269 0.000
202601 15.708 325.252 16.127
202604 16.333 333.020 16.377
202607 17.392 333.918 17.392

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Hewlett Packard Enterprise Co (MIL:1HPE) Overvalued in 2026?

Based on GuruFocus' analysis, Hewlett Packard Enterprise Co stock appears to be overvalued. The current stock price of €52.90 is trading 123.2% above its estimated GF Value™ of €23.70. GuruFocus considers Hewlett Packard Enterprise Co to be Significantly Overvalued.

Key valuation signals for MIL:1HPE:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €23.70 vs. price of €52.90 (123.2% above fair value)
  • GF Score™: 45/100 with 10 warning signs

No single metric tells the full story. See the MIL:1HPE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hewlett Packard Enterprise Co Business Description

Address 1701 East Mossy Oaks Road, Spring, TX, USA, 77389
Hewlett Packard Enterprise is an information technology vendor that provides hardware and software to enterprises. Its primary product lines are compute servers, storage arrays, and networking equipment; it also has a high-performance computing business. HPE's stated goal is to be a complete edge-to-cloud company. Its portfolio enables hybrid clouds and hyperconverged infrastructure.
45GF Score

Get the complete analysis for MIL:1HPE

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€52.90
Price
€23.70
GF Value