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In its last earnings call. HP set its outlook for FY2011 at $4.42 to $4.52 (GAAP). Is HPQ undervalued? You do the math.
You can do the math................. less than 9X earnings.
HPQ's non-GAAP outlook for the current fiscal year is $5.16 to $5.26. This equates to a current multiple of 8x!http://h30261.www3.hp.com/phoenix.zhtml?c=71087&p=irol-newsArticle&ID=1499481&highlight=