Price to Sales (P/S)
since 2005
Calculation
HP Inc., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Net revenue1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 13, 2018 | 0.59 | = | 22.29 | ÷ | 37.64 | 37.64 | = | 58,472 | ÷ | 1,553,494,507 | |
| Dec 14, 2017 | 0.66 | = | 20.74 | ÷ | 31.64 | 31.64 | = | 52,056 | ÷ | 1,645,228,387 | |
| Dec 15, 2016 | 0.55 | = | 15.51 | ÷ | 28.28 | 28.28 | = | 48,238 | ÷ | 1,705,451,042 | |
| Dec 16, 2015 | 0.21 | = | 12.26 | ÷ | 57.68 | 57.68 | = | 103,355 | ÷ | 1,791,848,366 | |
| Dec 18, 2014 | 0.66 | = | 39.82 | ÷ | 60.77 | 60.77 | = | 111,454 | ÷ | 1,834,081,993 | |
| Dec 30, 2013 | 0.48 | = | 28.07 | ÷ | 58.83 | 58.83 | = | 112,298 | ÷ | 1,908,777,048 | |
| Dec 27, 2012 | 0.23 | = | 14.04 | ÷ | 61.78 | 61.78 | = | 120,357 | ÷ | 1,948,148,051 | |
| Dec 14, 2011 | 0.41 | = | 26.38 | ÷ | 64.13 | 64.13 | = | 127,245 | ÷ | 1,984,033,497 | |
| Dec 15, 2010 | 0.72 | = | 41.23 | ÷ | 57.54 | 57.54 | = | 126,033 | ÷ | 2,190,425,610 | |
| Dec 17, 2009 | 1.04 | = | 50.56 | ÷ | 48.45 | 48.45 | = | 114,552 | ÷ | 2,364,168,918 | |
| Dec 18, 2008 | 0.72 | = | 35.37 | ÷ | 48.99 | 48.99 | = | 118,364 | ÷ | 2,416,201,335 | |
| Dec 18, 2007 | 1.26 | = | 51.02 | ÷ | 40.52 | 40.52 | = | 104,286 | ÷ | 2,573,868,626 | |
| Dec 22, 2006 | 1.21 | = | 40.63 | ÷ | 33.69 | 33.69 | = | 91,658 | ÷ | 2,720,808,149 | |
| Dec 21, 2005 | 0.94 | = | 28.77 | ÷ | 30.55 | 30.55 | = | 86,696 | ÷ | 2,837,653,721 |
Based on: 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31), 10-K (reporting date: 2012-10-31), 10-K (reporting date: 2011-10-31), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of HP Inc. Annual Report.
- Share Price
- The share price exhibited considerable volatility over the analyzed period. Starting at $28.77 in 2005, it rose steadily to a peak of $51.02 in 2007, followed by a sharp decline to $14.04 by the end of 2012. A partial recovery occurred afterward, reaching $39.82 in 2014, but again dropped significantly to $12.26 in 2015. The later years showed moderate improvement, ending at $22.29 in 2018. This pattern indicates susceptibility to market fluctuations and possibly external factors affecting investor confidence.
- Sales Per Share
- Sales per share demonstrated an overall upward trend with some fluctuations. Beginning at $30.55 in 2005, it increased steadily to $64.13 in 2011, roughly doubling over six years. After 2011, sales per share decreased sharply to $28.28 in 2016, then recovered gradually to $37.64 by 2018. These dynamics suggest initial growth in revenues relative to shares outstanding, followed by a period of decline and partial recovery.
- Price-to-Sales (P/S) Ratio
- The P/S ratio showed a downward trend throughout the period. From 0.94 in 2005, it briefly increased to a peak of 1.26 in 2007, then plunged to a low of 0.21 in 2015. Although it improved somewhat afterward, reaching 0.66 in 2017 and slightly decreasing to 0.59 in 2018, the ratio remained significantly below earlier levels. This decline suggests that the market valuation relative to sales became more conservative, possibly reflecting concerns about growth prospects or profitability.
Comparison to Competitors
HP Inc., P/S, long-term trends, comparison to competitors
| HP Inc. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|
| Dec 13, 2018 | 0.59 | 3.60 | 9.29 | 4.38 | — | 0.33 |
| Dec 14, 2017 | 0.66 | 3.86 | 11.20 | 3.28 | — | 0.40 |
| Dec 15, 2016 | 0.55 | 2.86 | 7.49 | 3.20 | — | 0.47 |
| Dec 16, 2015 | 0.21 | 2.85 | 5.52 | 2.71 | — | 0.65 |
| Dec 18, 2014 | 0.66 | 3.37 | 7.82 | 2.69 | — | 0.82 |
| Dec 30, 2013 | 0.48 | 2.76 | — | 2.66 | — | 0.48 |
| Dec 27, 2012 | 0.23 | 3.58 | — | 2.19 | — | 0.54 |
| Dec 14, 2011 | 0.41 | 3.44 | — | 2.03 | — | 0.54 |
| Dec 15, 2010 | 0.72 | 4.33 | — | 3.02 | — | 0.51 |
| Dec 17, 2009 | 1.04 | 4.87 | — | 3.70 | — | 0.55 |
| Dec 18, 2008 | 0.72 | 2.83 | — | 3.33 | — | 0.62 |
| Dec 18, 2007 | 1.26 | 5.99 | — | 5.59 | — | 0.61 |
| Dec 22, 2006 | 1.21 | 3.77 | — | 4.87 | — | — |
| Dec 21, 2005 | 0.94 | 4.34 | — | 4.60 | — | — |
Based on: 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31), 10-K (reporting date: 2012-10-31), 10-K (reporting date: 2011-10-31), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
Comparison to Sector (Technology Hardware & Equipment)
HP Inc., P/S, long-term trends, comparison to sector (technology hardware & equipment)
| HP Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Dec 13, 2018 | 0.59 | 3.73 |
| Dec 14, 2017 | 0.66 | 3.78 |
| Dec 15, 2016 | 0.55 | 2.92 |
| Dec 16, 2015 | 0.21 | 2.81 |
| Dec 18, 2014 | 0.66 | 3.23 |
| Dec 30, 2013 | 0.48 | 2.73 |
| Dec 27, 2012 | 0.23 | 3.25 |
| Dec 14, 2011 | 0.41 | 3.02 |
| Dec 15, 2010 | 0.72 | 3.81 |
| Dec 17, 2009 | 1.04 | 4.26 |
| Dec 18, 2008 | 0.72 | 3.08 |
| Dec 18, 2007 | 1.26 | 5.72 |
| Dec 22, 2006 | 1.21 | 4.43 |
| Dec 21, 2005 | 0.94 | 4.50 |
Based on: 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31), 10-K (reporting date: 2012-10-31), 10-K (reporting date: 2011-10-31), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).
Comparison to Industry (Information Technology)
HP Inc., P/S, long-term trends, comparison to industry (information technology)
| HP Inc. | Information Technology | |
|---|---|---|
| Dec 13, 2018 | 0.59 | 4.31 |
| Dec 14, 2017 | 0.66 | 4.19 |
| Dec 15, 2016 | 0.55 | 3.47 |
| Dec 16, 2015 | 0.21 | 3.04 |
| Dec 18, 2014 | 0.66 | 3.32 |
| Dec 30, 2013 | 0.48 | 2.86 |
| Dec 27, 2012 | 0.23 | 2.88 |
| Dec 14, 2011 | 0.41 | 2.84 |
| Dec 15, 2010 | 0.72 | 3.03 |
| Dec 17, 2009 | 1.04 | 3.11 |
| Dec 18, 2008 | 0.72 | 2.38 |
| Dec 18, 2007 | 1.26 | 5.73 |
| Dec 22, 2006 | 1.21 | 5.18 |
| Dec 21, 2005 | 0.94 | 5.60 |
Based on: 10-K (reporting date: 2018-10-31), 10-K (reporting date: 2017-10-31), 10-K (reporting date: 2016-10-31), 10-K (reporting date: 2015-10-31), 10-K (reporting date: 2014-10-31), 10-K (reporting date: 2013-10-31), 10-K (reporting date: 2012-10-31), 10-K (reporting date: 2011-10-31), 10-K (reporting date: 2010-10-31), 10-K (reporting date: 2009-10-31), 10-K (reporting date: 2008-10-31), 10-K (reporting date: 2007-10-31), 10-K (reporting date: 2006-10-31), 10-K (reporting date: 2005-10-31).