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HP (HPQ) Cyclically Adjusted Price-to-FCF : 7.64 (As of Jun. 02, 2025)


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What is HP Cyclically Adjusted Price-to-FCF?

As of today (2025-06-02), HP's current share price is $24.8254. HP's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2025 was $3.25. HP's Cyclically Adjusted Price-to-FCF for today is 7.64.

The historical rank and industry rank for HP's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

HPQ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.55   Med: 6.74   Max: 11.73
Current: 7.65

During the past years, HP's highest Cyclically Adjusted Price-to-FCF was 11.73. The lowest was 2.55. And the median was 6.74.

HPQ's Cyclically Adjusted Price-to-FCF is ranked better than
89.74% of 1004 companies
in the Hardware industry
Industry Median: 27.435 vs HPQ: 7.65

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

HP's adjusted free cash flow per share data for the three months ended in Apr. 2025 was $-0.152. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $3.25 for the trailing ten years ended in Apr. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


HP Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for HP's Cyclically Adjusted Price-to-FCF 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.

* Premium members only.

HP Cyclically Adjusted Price-to-FCF Chart

HP Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.65 8.90 7.71 7.69 10.94

HP Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
Cyclically Adjusted Price-to-FCF 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 8.65 11.26 10.94 9.88 7.86

Competitive Comparison of HP's Cyclically Adjusted Price-to-FCF

For the Computer Hardware subindustry, HP's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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.


HP's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, HP's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where HP's Cyclically Adjusted Price-to-FCF falls into.


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HP Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF 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 Price-to-FCF.

HP's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=24.8254/3.25
=7.64

* 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.

HP's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2025 is calculated as:

For example, HP's adjusted Free Cash Flow per Share data for the three months ended in Apr. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=-0.152/135.3468*135.3468
=-0.152

Current CPI (Apr. 2025) = 135.3468.

HP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201507 0.414 100.691 0.556
201510 1.201 100.346 1.620
201601 -0.124 99.957 -0.168
201604 0.863 100.947 1.157
201607 0.574 101.524 0.765
201610 0.322 101.988 0.427
201701 0.387 102.456 0.511
201704 0.222 103.167 0.291
201707 1.011 103.278 1.325
201710 0.304 104.070 0.395
201801 0.519 104.578 0.672
201804 0.569 105.708 0.729
201807 0.863 106.324 1.099
201810 0.488 106.695 0.619
201901 0.429 106.200 0.547
201904 0.486 107.818 0.610
201907 1.440 108.250 1.800
201910 0.264 108.577 0.329
202001 0.745 108.841 0.926
202004 -0.458 108.173 -0.573
202007 1.089 109.318 1.348
202010 1.296 109.861 1.597
202101 0.689 110.364 0.845
202104 1.063 112.673 1.277
202107 0.780 115.183 0.917
202110 2.349 116.696 2.724
202201 1.265 118.619 1.443
202204 0.311 121.978 0.345
202207 0.191 125.002 0.207
202210 1.772 125.734 1.907
202301 -0.209 126.223 -0.224
202304 0.507 127.992 0.536
202307 0.837 128.974 0.878
202310 1.835 129.810 1.913
202401 -0.037 130.124 -0.038
202404 0.467 132.289 0.478
202407 1.275 132.708 1.300
202410 1.509 133.182 1.534
202501 0.075 134.029 0.076
202504 -0.152 135.347 -0.152

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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.


HP  (NYSE:HPQ) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


HP Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of HP's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


HP Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » HP Inc (NYSE:HPQ) » Definitions » Cyclically Adjusted Price-to-FCF
Address
1501 Page Mill Road, Palo Alto, CA, USA, 94304
HP (formerly Hewlett-Packard) is a behemoth in the PC and printing markets. It has focused on these markets since it exited IT infrastructure in 2015 with the split from Hewlett Packard Enterprise. HP focuses on the commercial market, but maintains sales of consumer devices and printers. The firm has a broad and global customer base, with only one third of sales coming from the US. HP completely outsources manufacturing and relies heavily on channel partners for its sales and marketing.
Executives
Enrique Lores officer: President, PSS 3000 HANOVER STREET, PALO ALTO CA 94304
Kristen M Ludgate officer: Chief People Officer 3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST. PAUL MN 55144-1000
Alex Cho officer: President, Personal Systems HP, 1501 PAGE MILL ROAD, PALO ALTO CA 94304
Robert R Bennett director 12300 LIBERTY BLVD, ENGLEWOOD CO 80112
David P. Mcquarrie officer: Chief Commercial Officer C/O HP INC., 1501 PAGE MILL RD, PALO ALTO CA 94304
David W Meline director 3M COMPANY, 3M OFFICE OF GENERAL COUNSEL, ST PAUL MN 55144-1000
Berkshire Hathaway Inc 10 percent owner 3555 FARNAM STREET, OMAHA NE 68131
Marie Myers officer: Global Controller, HFS & PAO 3000 HANOVER STREET, PALO ALTO CA 94304
Subra Suresh director HP, 1501 PAGE MILL RD BLDG 5, PALO ALTO CA 94036
Shumeet Banerji director C/O HEWLETT-PACKARD COMPANY, 3000 HANOVER STREET, PALO ALTO CA 94304
Jonathan P Faust officer: Global Controller C/O HP INC, 1501 PAGE MILL ROAD, PALO ALTO CA 94304
Tuan Tran officer: Pres Imaging Prtng & Solutions 1501 PAGE MILL ROAD, PALO ALTO CA 94304
Julie M Jacobs officer: Chief Legal Officer and GC 22000 AOL WAY, DULLES VA 20166
Rucker Kim K.w. director KRAFT FOODS GROUP, INC., THREE LAKES DRIVE, NORTHFIELD IL 60093
Richard L Clemmer director P O BOX 34552, LAS VEGAS NV 89129