We publish no single base value for Hewlett Packard Enterprise. Our valuation methods put it between $45.13 and $137.81 a share. The valuation code's reason: no point fair value: the two anchors behind it compound the same growth rate and differ only in how they end — a perpetuity at the terminal rate against a multiple on the final year — so the midpoint between them measures terminal treatment rather than what the business is worth. The published range is the same reading with the false precision removed: read it as the span the method supports, and treat neither edge as a point estimate.
| Method | Value | vs price | Basis |
|---|---|---|---|
| Discounted cash flow | $137.81 | +174.7% | free cash flow $4.16bn, growth 26.62% for 5 years, then fading to 3% over 5 more, discounted at 11.03%; stress floor — |
| Exit multiple (P/E) | $45.13 | -10.0% | earnings per share $3.83 valued at 10× (the 10× floor; the stock's own median P/E is 7.3×) in 5 years, discounted back |
| Sum of the parts | — | — | no sum of the parts: this run holds no segment disclosure for the name |
| Price to sales | — | — | not reached: the cash-flow or earnings methods produced an anchor, so this fallback was not run |
| Tangible book | — | — | used only for lenders, where book value is the business |
| Price to FFO (REITs) | — | — | used only for REITs |
Each working is rebuilt by code from the valuation's own figures and checked against the published value.
The discount rate:
| Risk-free rate | 5.13% (10-year US Treasury yield) |
| Company's own beta | 1.46 (5 years of monthly returns against the S&P 500; standard error 0.28) |
| Peer beta | 1.48 (median of 8 S&P 500 Technology Hardware, Storage & Peripherals companies) |
| Blend of own and peers | 1.46 (79% own, 21% peers, weighted by how precisely the company's own beta is measured) |
| Adjusted beta | 1.31 (0.67 × 1.46 + 0.33, pulled toward the market's 1.0) |
| Equity risk premium | 4.5% |
| Discount rate = risk-free + adjusted beta × premium | 11.03% |
Free cash flow grows 26.62% a year for 5 years, then fades in equal steps toward 3% over 5 more; each year is discounted by 1 ÷ (1 + rate)^year:
| Year | Growth | Free cash flow | Discount factor | Present value |
|---|---|---|---|---|
| Now | — | $4.16bn | — | — |
| Year 1 | 26.62% | $5.26bn | 0.9007 | $4.74bn |
| Year 2 | 26.62% | $6.66bn | 0.8113 | $5.41bn |
| Year 3 | 26.62% | $8.44bn | 0.7307 | $6.16bn |
| Year 4 | 26.62% | $10.68bn | 0.6581 | $7.03bn |
| Year 5 | 26.62% | $13.53bn | 0.5928 | $8.02bn |
| Year 6 | 22.68% | $16.59bn | 0.5339 | $8.86bn |
| Year 7 | 18.75% | $19.71bn | 0.4809 | $9.48bn |
| Year 8 | 14.81% | $22.62bn | 0.4331 | $9.80bn |
| Year 9 | 10.87% | $25.08bn | 0.3901 | $9.79bn |
| Year 10 | 6.94% | $26.82bn | 0.3514 | $9.43bn |
| Terminal value = year-10 cash flow × (1 + 3%) ÷ (11.03% − 3%) | $344.29bn |
| Terminal value in today's money | $120.98bn |
| Present value of years 1–10 | $78.71bn |
| Total present value | $199.69bn |
| Shares outstanding | 1.45bn |
| Value per share = total ÷ shares | $137.81 |
How the DCF value moves with the discount rate and the starting growth (the middle cell is the published value):
| Discount rate | Growth 21.62% | Growth 26.62% | Growth 31.62% |
|---|---|---|---|
| 10.03% | $122.74 | $161.84 | $212.22 |
| 11.03% | $104.97 | $137.81 | $180.01 |
| 12.03% | $91.27 | $119.30 | $155.24 |
The same DCF at each beta, starting growth unchanged:
| Beta | Value | Discount rate | DCF value |
|---|---|---|---|
| Company's own beta | 1.46 | 11.70% | $124.83 |
| Peer beta | 1.48 | 11.79% | $123.26 |
| Adjusted beta (used) | 1.31 | 11.03% | $137.81 |
Earnings per share grow on the same fading path as the DCF:
| Year | Growth | Earnings per share |
|---|---|---|
| Now | — | $3.83 |
| Year 1 | 26.62% | $4.85 |
| Year 2 | 18.35% | $5.74 |
| Year 3 | 12.98% | $6.49 |
| Year 4 | 9.49% | $7.10 |
| Year 5 | 7.22% | $7.61 |
| Earnings per share in year 5 | $7.61 |
| Exit P/E (the 10× floor; the stock's own median P/E is 7.3×) | 10× |
| Value in 5 years = earnings × P/E | $76.13 |
| Discounted at 11.03% over 5 years: ÷ 1.6870 | $45.13 |
We publish no single base value for Hewlett Packard Enterprise. Our valuation methods put it between $45.13 and $137.81 a share. The valuation code's reason: no point fair value: the two anchors behind it compound the same growth rate and differ only in how they end — a perpetuity at the terminal rate against a multiple on the final year — so the midpoint between them measures terminal treatment rather than what the business is worth. The published range is the same reading with the false precision removed: read it as the span the method supports, and treat neither edge as a point estimate.
One-year price simulation: a 10% chance the price is below $16.76 and a 10% chance it is above $109.01 in a year; a 42% chance it is higher than today's $50.16, from 72.67% volatility. The simulation assumes the price drifts up at our discount rate of 11.03% a year.
At $50.16 the price implies free cash flow growing 8.4% a year for five years and then fading toward 3% over five more; its revenue has grown 26.6%.
| Week | Price | Base value |
|---|---|---|
| 2 Oct 2026 | $69.33 | — |
| 9 Oct 2026 | $73.46 | — |
| 16 Oct 2026 | $55.13 | — |
| 23 Oct 2026 | $56.69 | — |
| 30 Oct 2026 | $55.09 | — |
| 6 Nov 2026 | $44.77 | — |
| 12 Nov 2026 | $50.16 | — |
Data as of 12 Nov 2026; financials to 31 Jul 2026. Sources: company filings via EODHD, SEC EDGAR, US Treasury. How these values are computed. Not investment advice.
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