Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
HPXSWX:HPQ +2.86%74 Debt-to-EBITDA is 3.09 as of Apr. 2026, which is 65% above its 10-year median of 1.87. GuruFocus rates XSWX:HPQ with a GF Score™ of 74/100 and a GF Value™ of CHF26.49. The stock has 5 warning signs investors should review. Among 1,794 Hardware companies, HP ranks worse than 61.32% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for HP's Debt-to-EBITDA or its related term are showing as below:
XSWX:HPQ'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.02 Med: 1.87 Max: 2.63
Current: 2.63
During the past 13 years, the highest Debt-to-EBITDA Ratio of HP was 2.63. The lowest was 1.02. And the median was 1.87.
XSWX:HPQ's Debt-to-EBITDA is ranked worse than 61.32% of 1794
companies
in the Hardware industry
Industry Median: 1.71
vs XSWX:HPQ: 2.63
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
HP Debt-to-EBITDA Related Terms
HP Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for HP's Debt-to-EBITDA 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.
XSWX:HPQ vs P, SMCI, IONQ: Debt-to-EBITDA Comparison
For the Computer Hardware subindustry, HP's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Hardware Industry
For the Hardware industry and Technology sector, HP's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where HP's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Apr. 2026) EBITDA data.
HP (XSWX:HPQ) has a Debt-to-EBITDA of 3.09 as of Apr. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on HP. This is 65% above median its historical median of 1.87. Over the past decade, HP's Debt-to-EBITDA has ranged from 1.02 to 2.63. According to the industry distribution chart, HP ranks #1100 out of 1794 companies in the Hardware industry, placing it in the top 61.3%.
Is HP's Debt-to-EBITDA too high?
HP's current Debt-to-EBITDA of 3.09 is 65% above median its 10-year median of 1.87. Over the past 10 years, this metric has ranged from a low of 1.02 to a high of 2.63. The Hardware industry median Debt-to-EBITDA is 1.71. HP's value of 3.09 is 80.7% above this industry median. Based on the distribution chart, HP ranks #1100 out of 1794 companies in the Hardware industry, which is below the industry midpoint. Overall, HP has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does HP's Debt-to-EBITDA compare to P and SMCI?
According to the Hardware industry distribution chart, HP ranks #1100 out of 1794 companies for Debt-to-EBITDA. This places HP in the lower half of its industry. The industry median Debt-to-EBITDA is 1.71. HP's value of 3.09 is 80.7% above this benchmark. Historically, HP's own Debt-to-EBITDA has ranged from 1.02 to 2.63 over the past decade. While the company's 10-year median is 1.87 vs. the industry median of 1.71, HP has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Hardware company?
The median Debt-to-EBITDA among Hardware companies is 1.71, based on 1,794 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HP's current Debt-to-EBITDA of 3.09 is 80.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on HP. For the Hardware industry, the median Debt-to-EBITDA is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HP's current Debt-to-EBITDA is 3.09, which is 65% above median its own 10-year median of 1.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HP stock overvalued right now?
HP (XSWX:HPQ) has a current Debt-to-EBITDA of 3.09. The stock's GF Value™ is CHF26.49, compared to a current price of CHF20.89 — trading 21.1% below its estimated fair value. The current Debt-to-EBITDA is 3.09, which is 65% above median its 10-year median of 1.87 and 80.7% above the Hardware industry median of 1.71. HP's overall GF Score™ is 74/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For HP (XSWX:HPQ), the current Debt-to-EBITDA is 3.09 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 HP (XSWX:HPQ) Overvalued in 2026?
Based on GuruFocus' analysis, HP stock appears to be undervalued.
The current stock price of CHF20.89 is trading 21.1% below its estimated GF Value™ of CHF26.49.
Key valuation signals for XSWX:HPQ:
Debt-to-EBITDA: 3.09 (65% above median its 10-year median of 1.87)
GF Value™: CHF26.49 vs. price of CHF20.89 (21.1% below fair value)
Industry Position: 80.7% above the Hardware median (#1100 of 1794)
No single metric tells the full story. See the XSWX:HPQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
74GF Score
Get the complete analysis for XSWX:HPQ
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSWX:HPQ has been successfully added to your 
