HP Inc (HPQ) is undervalued and Seagate Technology Holdings Plc (STX) is overvalued.
Against our estimates of intrinsic value, HPQ trades at the wider discount: a margin of safety of +29%, against -380% for STX.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.4% (average of 3 methods) values the shares at $44.97; the price of $32.04 is 29% below that value, and 74% of that value comes from beyond year five.
Leak Score 71/100 on 8 of 12 signals
Discounting its cash flows at 13.7% (average of 3 methods) values the shares at $191.47; the price of $919.84 is 380% above that value, and 61% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
| Metric | HPQ | STX |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $32.04 | $919.84 |
| Intrinsic value | $44.97 | $191.47 |
| Margin of safety | +29% | -380% |
| Leak Score | 71/100 (8/12) | 59/100 (3/12) |
| Market cap | $28.9B | $209.2B |
| Revenue growth, 5 years | -0.4% | 2.7% |
| Operating margin | 6.9% | 34.6% |
| Net margin | 4.1% | 26.1% |
| Return on equity | — | 371.5% |
| Debt to equity | — | 1.80 |
| P/E | 12.2x | 66.3x |
| Forward P/E | 10.0x | 16.3x |
| P/B | — | 96.3x |
| Dividend yield | 3.7% | 0.3% |