HP is a provider of personal computing and other access devices, imaging and printing-related products and services. Co. sells to individual consumers, small- and medium-sized businesses and enterprises. Co. has three reportable segments: Personal Systems, which provides commercial and consumer desktop and notebook personal computers, workstations, thin clients, commercial mobility devices, retail point-of-sale systems, displays and peripherals, software, support and services; Printing, which provides consumer and commercial printer hardware, supplies, services and solutions; and Corporate Investments, which includes HP Labs and certain business incubation and investment projects. More details about HP at:
http://www.hp.com.
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Should HP shares be counted among the
Top 15 Good Cheap Growth Stocks To Buy? To start, we see that the recent trading price for HPQ stock is $28.13 (as of 4/25/2024). The most recent quarter's (MRQ) earnings result, annualized, was $3.24/share. Looking at the sum total of quarterly earnings across the trailing twelve month (TTM) period, HP produced $3.37/share. And taking the median quarterly result across the TTM period, and annualizing it, results in $3.32/share. Comparing these various earnings metrics against the stock price, we end up with a PE ratio of 8.5 for the TTM Median method, 8.7 for price to earnings using MRQ annualized, and 8.3 for current price/TTM earnings. Based on HPQ's history, that recent TTM PE is elevated relative to the historical average, with the recent PE 7.8% higher than the average (TTM method) of 7.7.