Based on the aggregated intelligence of 115,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, computer and printer giant Hewlett-Packard (NYSE:HPQ) has earned a respected four-star ranking. While five-star stocks have been the best performers, our data has shown that four-star stocks still outshine the market by a significant margin and shouldn't be taken lightly; conversely, low-rated stocks have woefully lagged the market average.

With that in mind, let's take a closer look at Hewlett-Packard's business, and see what CAPS investors are saying about the stock right now.

Hewlett-Packard facts

Headquarters (Founded)

Palo Alto, Calif. (1939)

Market Cap

$115.5 billion

Industry

Computer Hardware

TTM Revenue

$113.1 billion

Management

CEO Mark Hurd (since 2005)

CFO Catherine Lesjak (since 2007)

Return on Equity (average last three years)

18%

Competitors

Dell (NASDAQ:DELL),

IBM (NYSE:IBM)

CAPS members bullish on HPQ also bullish on

Apple (NASDAQ:AAPL),

Cisco Systems (NASDAQ:CSCO)

CAPS members bearish on HPQ also bearish on

Google (NASDAQ:GOOG),

Microsoft (NASDAQ:MSFT)

Sources: Capital IQ, a division of Standard & Poor's, and Motley Fool CAPS. TTM = trailing 12 months.

Over on CAPS, 536 of the 568 All-Star members who have rated Hewlett-Packard -- some 94% -- believe the stock will outperform the S&P 500 going forward. These All-Star bulls include tonycat and my fellow Fool Rich Smith (aka TMFDitty), both of whom are ranked in the top 15% of our community.

In late May, tonycat wrote that Mr. Market "is underestimating Hurd and HP if they think that the EDS acquisition is going to cause execution problems. ... Hurd and HP will get this thing right from the start on all fronts, and there are levers and advantages that the market is not taking into account."

A more recent pitch from Rich last month shares that bullish sentiment, breaking down the stock's rather cheapish valuation:

The numbers have changed only slightly since I penned this piece. P/FCF is now up to 9.5, but the analysts bumped their earnings estimates as well -- to 14%. I tentatively peg the shares at roughly 1/3 undervalued, with as much as 50% upside in 'em. Perhaps more, if the EDS integration works out well.

What do you think about Hewlett-Packard, or any other stock for that matter? Make your voice heard on Motley Fool CAPS today. More than 115,000 investors are waiting to hear what you have to say. CAPS is 100% free, so simply click here to get started.

Dell and Microsoft are Motley Fool Inside Value recommendations. Apple is a Stock Advisor selection. Google is a Rule Breakers pick. Try any of our Foolish newsletter services free for 30 days.

Foolish contributor Brian Pacampara owns no position in any of the companies mentioned. The Fool's disclosure policy always gets a perfect score.