Hewlett Packard Enterprise Co (FRA:2HP) Cyclically Adjusted Revenue per Share: €21.26 (As of Apr. 2026)

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FRA:2HP Hewlett Packard Enterprise Co FRA:2HP
69 GF Score
Price €38.62
GF Value €20.91
Valuation Significantly Overvalued
! 12 Warning Signs
View Full Analysis

What is Hewlett Packard Enterprise Co Cyclically Adjusted Revenue per Share?

Hewlett Packard Enterprise Co FRA:2HP -2.38% 69 Cyclically Adjusted Revenue per Share is €21.26 as of Apr. 2026. GuruFocus rates FRA:2HP with a GF Score™ of 69/100 and a GF Value™ of €20.91 (Significantly Overvalued). The stock has 12 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Hewlett Packard Enterprise Co's adjusted revenue per share for the three months ended in Apr. 2026 was €6.375. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €21.26 for the trailing ten years ended in Apr. 2026.

During the past 12 months, Hewlett Packard Enterprise Co's average Cyclically Adjusted Revenue Growth Rate was 7.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

As of today (2026-07-18), Hewlett Packard Enterprise Co's current stock price is €38.62. Hewlett Packard Enterprise Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was €21.26. Hewlett Packard Enterprise Co's Cyclically Adjusted PS Ratio of today is 1.82.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Hewlett Packard Enterprise Co was 1.93. The lowest was 0.54. And the median was 0.87.


Hewlett Packard Enterprise Co  (FRA:2HP) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Hewlett Packard Enterprise Co's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=38.62/21.26
=1.82

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Hewlett Packard Enterprise Co was 1.93. The lowest was 0.54. And the median was 0.87.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Hewlett Packard Enterprise Co Cyclically Adjusted Revenue per Share Related Terms


Hewlett Packard Enterprise Co Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Hewlett Packard Enterprise Co's Cyclically Adjusted Revenue per Share 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 Revenue per Share Chart

Hewlett Packard Enterprise Co Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 23.06 21.74

Hewlett Packard Enterprise Co Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Cyclically Adjusted Revenue per Share 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 20.55 21.02 21.74 20.91 21.26

FRA:2HP vs LITE, MSI, CIEN: Cyclically Adjusted Revenue per Share Comparison

For the Communication Equipment subindustry, Hewlett Packard Enterprise Co's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio vs Hardware Industry

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

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


FRA:2HP
69GF Score
Hewlett Packard Enterprise Co FRA:2HP
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hewlett Packard Enterprise Co Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue 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.

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

Adj_RevenuePerShare= Revenue per Share /CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=6.375/333.0200*333.0200
=6.375

Current CPI (Apr. 2026) = 333.0200.

Hewlett Packard Enterprise Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 4.224 240.628 5.846
201610 2.776 241.729 3.824
201701 3.816 242.839 5.233
201704 3.831 244.524 5.217
201707 3.901 244.786 5.307
201710 3.958 246.663 5.344
201801 3.887 247.867 5.222
201804 3.847 250.546 5.113
201807 4.341 252.006 5.737
201810 4.677 252.885 6.159
201901 4.686 251.712 6.200
201904 4.605 255.548 6.001
201907 4.826 256.571 6.264
201910 4.926 257.346 6.375
202001 4.761 257.971 6.146
202004 4.282 256.389 5.562
202007 4.561 259.101 5.862
202010 4.735 260.388 6.056
202101 4.266 261.582 5.431
202104 4.208 267.054 5.247
202107 4.361 273.003 5.320
202110 4.745 276.589 5.713
202201 4.644 281.148 5.501
202204 4.677 289.109 5.387
202207 5.165 296.276 5.806
202210 6.099 298.012 6.815
202301 5.511 299.170 6.135
202304 4.825 303.363 5.297
202307 4.810 305.691 5.240
202310 5.302 307.671 5.739
202401 4.712 308.417 5.088
202404 5.067 313.548 5.382
202407 5.337 314.540 5.651
202410 5.655 315.664 5.966
202501 5.385 317.671 5.645
202504 5.135 320.795 5.331
202507 5.510 323.048 5.680
202510 6.237 0.000
202601 5.837 325.252 5.976
202604 6.375 333.020 6.375

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of €21.26 mean?
Hewlett Packard Enterprise Co (FRA:2HP) has a Cyclically Adjusted Revenue per Share of €21.26 as of Apr. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Hewlett Packard Enterprise Co and its competitors.
Is Hewlett Packard Enterprise Co's Cyclically Adjusted Revenue per Share too high?
Hewlett Packard Enterprise Co's current Cyclically Adjusted Revenue per Share is €21.26. Overall, Hewlett Packard Enterprise Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hewlett Packard Enterprise Co's Cyclically Adjusted Revenue per Share compare to LITE and MSI?
Hewlett Packard Enterprise Co's Cyclically Adjusted Revenue per Share of €21.26 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Hardware company?
A good Cyclically Adjusted Revenue per Share depends on the Hardware industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Hewlett Packard Enterprise Co and its competitors. Hewlett Packard Enterprise Co's current Cyclically Adjusted Revenue per Share is €21.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hewlett Packard Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Hewlett Packard Enterprise Co (FRA:2HP) is currently considered Significantly Overvalued. The stock's GF Value™ is €20.91, compared to a current price of €38.62 — trading 84.7% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €21.26. Hewlett Packard Enterprise Co's overall GF Score™ is 69/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Hewlett Packard Enterprise Co (FRA:2HP), the current Cyclically Adjusted Revenue per Share is €21.26 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Hewlett Packard Enterprise Co (FRA:2HP) Overvalued in 2026?

Based on GuruFocus' analysis, Hewlett Packard Enterprise Co stock appears to be overvalued. The current stock price of €38.62 is trading 84.7% above its estimated GF Value™ of €20.91. GuruFocus considers Hewlett Packard Enterprise Co to be Significantly Overvalued.

Key valuation signals for FRA:2HP:

  • Cyclically Adjusted Revenue per Share: €21.26
  • GF Value™: €20.91 vs. price of €38.62 (84.7% above fair value)
  • GF Score™: 69/100 with 12 warning signs

No single metric tells the full story. See the FRA:2HP 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.
69GF Score

Get the complete analysis for FRA:2HP

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

€38.62
Price
€20.91
GF Value