Western Digital Corporation

DB:WDC Stock Report

Market Cap: €80.4b

Western Digital Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: WDC (€242.25) is trading above our estimate of future cash flow value (€236.35)

Significantly Below Future Cash Flow Value: WDC is trading above our estimate of future cash flow value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for WDC. This is calculated by dividing WDC's market cap by their current earnings.
What is WDC's PE Ratio?
PE Ratio24.2x
EarningsUS$3.95b
Market CapUS$95.47b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for WDC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.3x
STX Seagate Technology Holdings
47.2x24.68%US$92.9b
DELL Dell Technologies
14.9x12.08%US$77.9b
1810 Xiaomi
19x13.30%HK$950.6b
2382 Quanta Computer
16.1x15.47%NT$1.1t
WDC Western Digital
24.2x14.67%€95.5b

Price-To-Earnings vs Peers: WDC is good value based on its Price-To-Earnings Ratio (24.2x) compared to the peer average (24.3x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
WDC 24.2xIndustry Avg. 28.2xNo. of Companies5PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: WDC is good value based on its Price-To-Earnings Ratio (24.2x) compared to the European Tech industry average (28.2x).

Price to Earnings Ratio vs Fair Ratio

What is WDC'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.

WDC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.2x
Fair PE Ratio24.7x

Price-To-Earnings vs Fair Ratio: WDC is good value based on its Price-To-Earnings Ratio (24.2x) compared to the estimated Fair Price-To-Earnings Ratio (24.7x).

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 WDC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€242.25
€270.41
+11.62%
19.14%€370.66€143.21n/a23
Feb ’27€211.75
€236.48
+11.68%
19.85%€290.90€143.34n/a24
Jan ’27€152.52
€159.89
+4.84%
14.82%€213.53€115.30n/a24
Dec ’26€141.86
€156.17
+10.09%
12.80%€216.23€116.76n/a23
Nov ’26€129.74
€142.50
+9.83%
20.40%€173.50€53.79n/a23
Oct ’26€111.30
€88.33
-20.64%
24.84%€145.81€52.87n/a22
Sep ’26€68.00
€75.00
+10.30%
9.03%€85.46€52.99n/a21
Aug ’26€67.64
€73.69
+8.95%
11.64%€86.36€51.82n/a21
Jul ’26€53.94
€51.71
-4.14%
17.14%€69.66€34.83n/a21
Jun ’26€46.10
€50.68
+9.95%
14.71%€70.42€35.21n/a21
May ’26€38.38
€52.78
+37.51%
25.07%€88.57€33.66n/a21
Apr ’26€36.99
€67.41
+82.25%
22.70%€91.57€37.54n/a19
Mar ’26€46.20
€74.81
+61.92%
18.64%€95.09€38.99n/a19
Feb ’26€63.26
€80.02
+26.50%
12.65%€96.47€50.16€211.7520
Jan ’26€57.65
€86.03
+49.23%
11.96%€110.92€57.87€152.5220
Dec ’25€69.25
€82.66
+19.36%
11.72%€105.73€55.16€141.8621
Nov ’25€60.04
€82.06
+36.67%
13.76%€106.54€55.58€129.7421
Oct ’25€61.99
€78.15
+26.07%
14.65%€103.81€54.16€111.3021
Sep ’25€57.55
€81.28
+41.24%
12.72%€105.21€54.89€68.0021
Aug ’25€54.96
€83.39
+51.73%
12.36%€106.57€55.60€67.6421
Jul ’25€71.01
€81.61
+14.93%
14.39%€107.05€47.48€53.9422
Jun ’25€69.80
€77.81
+11.47%
19.83%€106.01€30.42€46.1022
May ’25€66.93
€77.30
+15.50%
20.61%€107.50€30.85€38.3822
Apr ’25€63.25
€62.57
-1.07%
17.63%€81.29€30.48€36.9922
Mar ’25€58.91
€60.13
+2.07%
16.52%€76.12€30.63€46.2021
Feb ’25€52.99
€58.94
+11.22%
17.96%€75.71€30.47€63.2621
€276.16
Fair Value
12.3% undervalued intrinsic discount
23
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/16 15:34
End of Day Share Price 2026/02/13 00:00
Earnings2026/01/02
Annual Earnings2025/06/27

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.

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 Github.

Analyst Sources

Western Digital Corporation is covered by 55 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James FontanelliArete Research Services LLP
Brett SimpsonArete Research Services LLP
James KelleherArgus Research Company