Dell Technologies Inc.

WBAG:DELL Stock Report

Market Cap: €97.2b

Dell Technologies Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 (€136.96) is trading below our estimate of fair value (€171.96)

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 Ratio25.5x
EarningsUS$3.97b
Market CapUS$101.23b

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 Average20x
1810 Xiaomi
34.2x19.7%HK$711.2b
A005930 Samsung Electronics
11.9x12.4%₩373.9t
2382 Quanta Computer
21.2x19.7%NT$1.1t
HPQ HP
12.9x3.6%US$36.7b
DELL Dell Technologies
25.5x14.3%€101.2b

Price-To-Earnings vs Peers: DELL is expensive based on its Price-To-Earnings Ratio (25.5x) compared to the peer average (20x).

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 25.5xIndustry Avg. 22.2xNo. of Companies4PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DELL is expensive based on its Price-To-Earnings Ratio (25.5x) compared to the Global Tech industry average (22.1x).

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 Ratio25.5x
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€136.96
€140.41
+2.5%
16.2%€211.27€101.79n/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€42.30n/a20
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
Nov ’23€39.39
€52.99
+34.6%
16.8%€72.88€38.46€64.3818

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

Samsung Electronics

₩373.9t

Engages in the consumer electronics, information technology and mobile communications, and device solutions businesses worldwide.

SSU

₩952.00

7D

1.9%

1Y

-23.5%

AT & S Austria Technologie & Systemtechnik

€531.9m

Manufactures and distributes printed circuit boards in Austria, Germany, rest of Europe, China, rest of Asia, and the Americas.

ATS

€13.69

7D

-16.9%

1Y

-43.1%

Jenoptik

€1.2b

Provides advanced photonic solutions and smart mobility solutions in Germany and internationally.

JEN

€20.90

7D

-2.6%

1Y

-12.8%