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HP (BUE:HPQ) Cyclically Adjusted Price-to-FCF : 9.54 (As of May. 22, 2024)


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What is HP Cyclically Adjusted Price-to-FCF?

As of today (2024-05-22), HP's current share price is ARS39126.00. HP's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was ARS4,103.22. HP's Cyclically Adjusted Price-to-FCF for today is 9.54.

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

BUE:HPQ' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.55   Med: 5.9   Max: 11.33
Current: 9.67

During the past years, HP's highest Cyclically Adjusted Price-to-FCF was 11.33. The lowest was 2.55. And the median was 5.90.

BUE:HPQ's Cyclically Adjusted Price-to-FCF is ranked better than
87.16% of 958 companies
in the Hardware industry
Industry Median: 29.805 vs BUE:HPQ: 9.67

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 Jan. 2024 was ARS-149.265. 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 ARS4,103.22 for the trailing ten years ended in Jan. 2024.

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 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.32 5.65 8.90 7.72 7.70

HP Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 8.46 8.85 9.81 7.70 8.73

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.



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
=39126.00/4103.22
=9.54

* 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 Jan. 2024 is calculated as:

For example, HP's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=-149.265/130.1244*130.1244
=-149.265

Current CPI (Jan. 2024) = 130.1244.

HP Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 45.001 100.023 58.544
201407 55.582 100.520 71.951
201410 38.753 100.176 50.339
201501 -4.712 98.604 -6.218
201504 16.611 99.824 21.653
201507 19.023 100.691 24.584
201510 57.376 100.346 74.402
201601 -8.594 99.957 -11.188
201604 63.304 100.947 81.601
201607 43.122 101.524 55.270
201610 24.733 101.988 31.556
201701 30.842 102.456 39.171
201704 17.122 103.167 21.596
201707 90.010 103.278 113.408
201710 26.906 104.070 33.642
201801 50.977 104.578 63.430
201804 57.236 105.708 70.456
201807 124.677 106.324 152.586
201810 100.684 106.695 122.794
201901 80.781 106.200 98.979
201904 105.241 107.818 127.014
201907 305.704 108.250 367.479
201910 76.010 108.577 91.094
202001 222.835 108.841 266.410
202004 -147.497 108.173 -177.428
202007 384.014 109.318 457.105
202010 493.846 109.861 584.936
202101 289.696 110.364 341.565
202104 487.700 112.673 563.238
202107 373.376 115.183 421.810
202110 1,160.266 116.696 1,293.782
202201 649.493 118.619 712.488
202204 172.644 121.978 184.174
202207 119.948 125.002 124.863
202210 1,286.040 125.734 1,330.942
202301 -184.661 126.223 -190.369
202304 448.324 127.992 455.793
202307 1,074.707 128.974 1,084.290
202310 3,184.197 129.810 3,191.917
202401 -149.265 130.124 -149.265

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  (BUE: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 (BUE:HPQ) Business Description

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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 U.S. It completely outsources manufacturing and relies heavily on channel partners for its sales and marketing.

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