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HP (BUE:HPQ) Cyclically Adjusted PS Ratio : 0.68 (As of May. 22, 2024)


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What is HP Cyclically Adjusted PS Ratio?

As of today (2024-05-22), HP's current share price is ARS39126.00. HP's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2024 was ARS57,270.40. HP's Cyclically Adjusted PS Ratio for today is 0.68.

The historical rank and industry rank for HP's Cyclically Adjusted PS Ratio or its related term are showing as below:

BUE:HPQ' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.43   Max: 0.87
Current: 0.71

During the past years, HP's highest Cyclically Adjusted PS Ratio was 0.87. The lowest was 0.20. And the median was 0.43.

BUE:HPQ's Cyclically Adjusted PS Ratio is ranked better than
64.64% of 1923 companies
in the Hardware industry
Industry Median: 1.06 vs BUE:HPQ: 0.71

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.

HP's adjusted revenue per share data for the three months ended in Jan. 2024 was ARS53,190.684. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ARS57,270.40 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


HP Cyclically Adjusted PS Ratio Historical Data

The historical data trend for HP's Cyclically Adjusted PS 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.

* Premium members only.

HP Cyclically Adjusted PS Ratio Chart

HP Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.37 0.40 0.67 0.59 0.57

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 PS 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 0.62 0.63 0.70 0.57 0.63

Competitive Comparison of HP's Cyclically Adjusted PS Ratio

For the Computer Hardware subindustry, HP'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.


HP's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

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

* The bar in red indicates where HP's Cyclically Adjusted PS Ratio falls into.



HP Cyclically Adjusted PS Ratio Calculation

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

HP's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=39126.00/57270.4
=0.68

* 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 Revenue per Share for the quarter that ended in Jan. 2024 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=53190.684/130.1244*130.1244
=53,190.684

Current CPI (Jan. 2024) = 130.1244.

HP Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201404 570.268 100.023 741.886
201407 592.664 100.520 767.209
201410 -586.224 100.176 -761.484
201501 321.672 98.604 424.502
201504 314.696 99.824 410.220
201507 310.649 100.691 401.457
201510 322.239 100.346 417.864
201601 474.061 99.957 617.132
201604 491.335 100.947 633.350
201607 517.991 101.524 663.918
201610 554.583 101.988 707.581
201701 587.381 102.456 746.001
201704 558.032 103.167 703.843
201707 685.843 103.278 864.125
201710 727.610 104.070 909.772
201801 853.559 104.578 1,062.070
201804 855.365 105.708 1,052.937
201807 1,301.742 106.324 1,593.134
201810 1,980.928 106.695 2,415.927
201901 1,765.669 106.200 2,163.433
201904 1,977.468 107.818 2,386.576
201907 2,056.283 108.250 2,471.802
201910 2,987.454 108.577 3,580.322
202001 2,996.690 108.841 3,582.690
202004 2,790.805 108.173 3,357.130
202007 3,541.356 109.318 4,215.398
202010 4,285.901 109.861 5,076.441
202101 5,087.068 110.364 5,997.884
202104 5,843.933 112.673 6,749.079
202107 6,105.399 115.183 6,897.390
202110 7,218.274 116.696 8,048.906
202201 7,991.019 118.619 8,766.082
202204 8,626.972 121.978 9,203.116
202207 8,873.716 125.002 9,237.348
202210 10,795.426 125.734 11,172.347
202301 12,249.801 126.223 12,628.428
202304 11,441.128 127.992 11,631.733
202307 16,903.260 128.974 17,053.991
202310 24,107.427 129.810 24,165.871
202401 53,190.684 130.124 53,190.684

Add all the adjusted revenue per share together and divide 10 will get our 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.


HP  (BUE:HPQ) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


HP Cyclically Adjusted PS Ratio Related Terms

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


HP (BUE:HPQ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » HP Inc (BUE:HPQ) » Definitions » Cyclically Adjusted PS Ratio
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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 U.S. It completely outsources manufacturing and relies heavily on channel partners for its sales and marketing.

HP (BUE:HPQ) Headlines

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