Price to Book Value (P/BV)
since 2015
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Hewlett Packard Enterprise Co. pages available for free this week:
- Common-Size Balance Sheet: Assets
- Analysis of Solvency Ratios
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2015
- Operating Profit Margin since 2015
- Price to Operating Profit (P/OP) since 2015
- Analysis of Revenues
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Calculation
Hewlett Packard Enterprise Co., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Total HPE stockholders’ equity1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 22, 2023 | = | ÷ | = | ÷ | |||||||
| Dec 8, 2022 | = | ÷ | = | ÷ | |||||||
| Dec 10, 2021 | = | ÷ | = | ÷ | |||||||
| Dec 10, 2020 | = | ÷ | = | ÷ | |||||||
| Dec 13, 2019 | = | ÷ | = | ÷ | |||||||
| Dec 12, 2018 | = | ÷ | = | ÷ | |||||||
| Dec 15, 2017 | = | ÷ | = | ÷ | |||||||
| Dec 15, 2016 | = | ÷ | = | ÷ | |||||||
| Dec 17, 2015 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 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).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Hewlett Packard Enterprise Co. Annual Report.
- Share Price Trend
- The share price exhibited considerable volatility over the analyzed periods. Starting at $14.31 in December 2015, it rose sharply to $23.73 by the end of 2016, followed by a significant decrease to around $14.41 in 2017. From 2017 to 2019, the price showed modest fluctuations, increasing slightly to $16.03 in 2019. However, the price fell again to $12.12 in 2020, likely reflecting market uncertainties or company-specific challenges during that period. Afterwards, a recovery phase is observed, with the share price ascending steadily to $17.09 by the end of 2023.
- Book Value per Share (BVPS) Trend
- The book value per share declined from $19.25 in 2015 to a low of $12.41 in 2020, indicating a reduction in net asset value on a per-share basis over this timeframe. Following 2020, BVPS showed a recovery trend, increasing steadily to $16.29 by 2023, which suggests improvements in the company's asset base or retained earnings position relative to the number of shares outstanding.
- Price-to-Book Value (P/BV) Ratio Trend
- The P/BV ratio started below 1.0 at 0.74 in 2015, implying the market valued the stock at a discount to its book value. It rose sharply to 1.26 in 2016, indicating increased investor confidence or growth expectations. The ratio fluctuated near parity after 2017, with values oscillating between 0.96 and 1.21, and hovered slightly above 1.0 during the last three periods, settling at 1.05 in 2023. This suggests the market consistently priced the stock close to its book value in recent years.
- Overall Insights
- The data reveals a pattern of initial market optimism peaking in 2016, followed by a period of asset value erosion and share price decline through 2020. Post-2020, both the book value per share and share price have shown signs of stabilization and gradual improvement. The P/BV ratio's proximity to 1 in recent years indicates the stock is being valued fairly relative to its accounting net asset value, reflecting a balance between market expectations and underlying financial fundamentals.
Comparison to Competitors
Hewlett Packard Enterprise Co., P/BV, long-term trends, comparison to competitors
| Hewlett Packard Enterprise Co. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|
| Dec 22, 2023 | ||||||
| Dec 8, 2022 | ||||||
| Dec 10, 2021 | ||||||
| Dec 10, 2020 | ||||||
| Dec 13, 2019 | ||||||
| Dec 12, 2018 | ||||||
| Dec 15, 2017 | ||||||
| Dec 15, 2016 | ||||||
| Dec 17, 2015 |
Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 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).
Comparison to Sector (Technology Hardware & Equipment)
Hewlett Packard Enterprise Co., P/BV, long-term trends, comparison to sector (technology hardware & equipment)
| Hewlett Packard Enterprise Co. | Technology Hardware & Equipment | |
|---|---|---|
| Dec 22, 2023 | ||
| Dec 8, 2022 | ||
| Dec 10, 2021 | ||
| Dec 10, 2020 | ||
| Dec 13, 2019 | ||
| Dec 12, 2018 | ||
| Dec 15, 2017 | ||
| Dec 15, 2016 | ||
| Dec 17, 2015 |
Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 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).
Comparison to Industry (Information Technology)
Hewlett Packard Enterprise Co., P/BV, long-term trends, comparison to industry (information technology)
| Hewlett Packard Enterprise Co. | Information Technology | |
|---|---|---|
| Dec 22, 2023 | ||
| Dec 8, 2022 | ||
| Dec 10, 2021 | ||
| Dec 10, 2020 | ||
| Dec 13, 2019 | ||
| Dec 12, 2018 | ||
| Dec 15, 2017 | ||
| Dec 15, 2016 | ||
| Dec 17, 2015 |
Based on: 10-K (reporting date: 2023-10-31), 10-K (reporting date: 2022-10-31), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-10-31), 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).