Dell Technologies Inc.

WBAG:DELL Stock Report

Market Cap: €80.0b

Dell Technologies Valuation

Is DELL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DELL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DELL (€113.02) is trading below our estimate of fair value (€178.25)

Significantly Below Fair Value: DELL is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DELL?

Key metric: As DELL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DELL. This is calculated by dividing DELL's market cap by their current earnings.
What is DELL's PE Ratio?
PE Ratio20.3x
EarningsUS$4.10b
Market CapUS$83.31b

Price to Earnings Ratio vs Peers

How does DELL's PE Ratio compare to its peers?

The above table shows the PE ratio for DELL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.7x
1810 Xiaomi
39.6x21.3%HK$816.3b
2382 Quanta Computer
20.7x19.7%NT$1.1t
HPQ HP
11.3x1.9%US$31.4b
HPE Hewlett Packard Enterprise
11.3x0.6%US$28.8b
DELL Dell Technologies
20.3x14.6%€83.3b

Price-To-Earnings vs Peers: DELL is good value based on its Price-To-Earnings Ratio (20.3x) compared to the peer average (20.7x).

Price to Earnings Ratio vs Industry

How does DELL's PE Ratio compare vs other companies in the European Tech Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
DELL 20.3xIndustry Avg. 22.0xNo. of Companies4PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DELL is good value based on its Price-To-Earnings Ratio (20.3x) compared to the Global Tech industry average (21.7x).

Price to Earnings Ratio vs Fair Ratio

What is DELL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DELL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate DELL's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DELL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€113.02
€144.45
+27.8%
13.8%€209.75€109.64n/a24
Dec ’25€120.40
€141.94
+17.9%
14.7%€208.45€108.96n/a24
Nov ’25€120.24
€133.24
+10.8%
16.3%€203.19€97.90n/a24
Oct ’25€102.76
€129.65
+26.2%
16.3%€197.03€94.93n/a24
Sep ’25€101.76
€135.75
+33.4%
15.1%€199.06€95.91n/a22
Aug ’25€102.68
€146.54
+42.7%
20.4%€219.46€59.44n/a22
Jul ’25€131.64
€144.87
+10.0%
20.9%€220.54€59.73n/a22
Jun ’25€121.90
€144.82
+18.8%
21.1%€221.23€59.92n/a22
May ’25€116.62
€117.43
+0.7%
17.5%€141.69€51.27n/a21
Apr ’25€103.30
€111.75
+8.2%
17.5%€138.87€50.25n/a20
Mar ’25€109.55
€105.98
-3.3%
21.0%€140.27€50.75n/a19
Feb ’25€78.02
€73.91
-5.3%
15.8%€87.51€42.38n/a18
Jan ’25€69.04
€71.11
+3.0%
15.9%€88.00€42.61n/a20
Dec ’24€66.58
€70.59
+6.0%
15.9%€87.35€42.30€120.4020
Nov ’24€64.38
€66.80
+3.8%
15.9%€84.03€43.43€120.2419
Oct ’24€65.56
€65.00
-0.9%
14.3%€75.74€43.55€102.7619
Sep ’24€64.24
€59.28
-7.7%
12.9%€69.62€42.70€101.7620
Aug ’24€48.62
€49.36
+1.5%
9.9%€55.62€41.03€102.6820
Jul ’24€49.51
€47.68
-3.7%
9.6%€54.98€41.24€131.6419
Jun ’24€42.31
€45.21
+6.9%
10.8%€55.76€37.18€121.9018
May ’24€38.47
€43.49
+13.0%
8.9%€50.13€36.46€116.6217
Apr ’24€36.99
€42.71
+15.5%
10.3%€51.30€34.51€103.3018
Mar ’24€37.82
€45.92
+21.4%
12.0%€56.35€35.69€109.5518
Feb ’24€37.27
€44.98
+20.7%
12.2%€55.38€35.07€78.0218
Jan ’24€37.18
€47.14
+26.8%
15.4%€68.64€36.23€69.0418
Dec ’23€42.68
€47.14
+10.5%
15.4%€68.40€36.10€66.5818

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 14:15
End of Day Share Price 2024/12/23 00:00
Earnings2024/11/01
Annual Earnings2024/02/02

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Dell Technologies Inc. is covered by 68 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Warren LauAletheia Analyst Network Limited
James KelleherArgus Research Company
Phillip AllingAtlantic Equities LLP