This Acquirers Multiple Stock Appearing In Buffett, Grantham, Greenblatt Portfolios

Johnny HopkinsStock Screener2 Comments

Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:


HP Inc. is a leading provider of computers, printers, and printer supplies. The company’s three operating business segments are its personal systems, containing notebooks, desktops, and workstations; and its printing segment which contains supplies, consumer hardware, and commercial hardware; and corporate investments. In 2015, Hewlett-Packard was separated into HP Inc. and Hewlett Packard Enterprise and the Palo Alto, California-based company sells on a global scale.

A quick look at the price chart below shows us that the stock is up 14% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 7.80, which means that it remains undervalued.

(Source: Morningstar)

Superinvestors who currently hold positions in the company include:


Warren Buffett – 120,952,818

Cliff Asness – 3,307,386

Jeremy Grantham – 1,605,639

Jim O’Shaughnessy – 1,591,072

Israel Englander – 1,019,672

Cath Wood – 581,264

Joel Greenblatt – 251,115

Paul Tudor Jones – 125,139

Ray Dalio – 84,279

Mario Gabelli – 26,949

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2 Comments on “This Acquirers Multiple Stock Appearing In Buffett, Grantham, Greenblatt Portfolios”

  1. Thanks for the info! I saw that HP’s AM of 7.80 is noted as implying an undervaluation – how high does an AM have to be to cease implying an undervaluation? I remember in the Acquirer’s Multiple book that under 5 implies a strong undervaluation, and under 3 even stronger. I’ve been tending to invest in stocks with the lowest AM possible, where they’re available.

    1. It depends. If you can value them, then do the valuation. If you can’t, the lower the better. Buffett averaged into HPQ around $35, which is around where it’s trading now, say ~7.7x. Solidly undervalued here, IMHO.

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