Dell Technologies Inc (DELL) Fair Value & Analysis
Technology · US · Market cap $281B · ISIN US24703L2025
What is Dell Technologies Inc really worth?
Dell Technologies Inc
DELL · US
A solid business, but trading 175% above our fair value of $187.75.
Strengths
Risks
For context
Fair value as of: Sep 1, 2026
From 22 valuation models · updated 4 days ago
Share price +10.5% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case ($263.51). The favourable scenario is already priced in.
- Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range ($120.88 to $263.51) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 1, 2026.
How to read this chart
60‑month range $31.18 – $516.39 · fair‑value band $120.88 – $263.51 · the $516.39 price screens above the $187.75 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 1, 2026.
Analysis
Dell Technologies Inc (DELL) currently trades at $516.39, while our model-based Fair Value estimate is $187.75, implying the stock looks roughly 175.0% overvalued today. The Quality Score stands at 67/100 (solid quality), in the Technology sector. Bull case: the Multiples group reads highest at a median of $511.34 per share, and 3 of the 22 models we run sit above the $516.39 price. Bear case: the Dividend Discount group reads lowest at $66.09, and 19 of the 22 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Dell Technologies Inc generated revenue of $134B at a net margin of 6.3%. Revenue grew 87.5% year over year. It earns a return on equity of 44.3%. Net debt stands at $20.0B. Fundamentals as of Sep 1, 2026
Our scenario range runs from $120.88 (bear case) to $263.51 (bull case); at $516.39, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 380% above its 52-week low. For context, the median of 10 Technology peers we cover trades at −40% fair-value upside, at −64%, DELL screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2026 figures, and about 7 months have passed since. In that time the company retained roughly $6.13 per share, which is 3.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 22 models by family
Widest divergence: Multiples ($511.34) versus Dividend Discount ($66.09). Highest evidence: FCF DCF (79).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 1, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 65 · Market factors (momentum, volatility) 72
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG) segments.
Full company description
Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG) segments. The ISG segment provides modern and traditional storage solutions, including all-flash, purpose-built, hyper-converged infrastructure, software-defined storage, and general-purpose and AI-optimized servers. This segment also offers networking products and services comprising wide area network infrastructure, data center and edge networking switches, and cables and optics that help its business customers to transform and modernize their infrastructure and complementing its server and storage solutions; and software, peripherals, and services, including consulting and support, and deployment. The CSG segment provides notebooks, desktops, and workstations and branded peripherals that include displays, docking stations, keyboards, mice, webcam and audio devices, and third-party software and peripherals; and configuration, and extended warranties services. The company is involved in originating, collecting, and servicing customer financing arrangements and offers payment and consumption solutions and services, such utility, subscription, as-a-service, leases, and loans, as well as fixed-term leases and loans. It serves enterprises, governmental agencies and other public institutions, educational institutions, healthcare organizations, small and medium-sized businesses, and consumers. The company was formerly known as Denali Holding Inc. and changed its name to Dell Technologies Inc. in March 2013. Dell Technologies Inc. was founded in 1984 and is headquartered in Round Rock, Texas.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Dell Technologies Inc reported revenue of $114B in FY2026 versus $101B in FY2022, a compound +2.9%/yr. Reported net income was $5.9B in FY2026, compounding +1.6%/yr from FY2022.
DELL screens 175% overvalued. Compare with Arista Networks, Inc →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- AI Infrastructure Demand Remains Red-Hot: HPE, AVGO, DELL Deliver
- Michael Dell's Wealth Surges Past $100B in 2026 as Dell Stock Hits Record Highs
- SA analyst upgrades/downgrades: DELL, PLTR, MRVL, TXN
- Could Dell Be the Next Magnificent Seven Stock?
Peer Group
Computer Hardware · 222 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Computer Hardware median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Sep 1, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Arista Networks, Inc ANET | $201.09 | $57.72 | −71% |
| Western Digital Corporation WDC | $441.57 | $47.49 | −89% |
| Hygon Information Technology Co 688041 | ¥246.21 | ¥30.66 | −88% |
| Hangzhou Hikvision Digital Technology Co 002415 | ¥35.18 | ¥40.44 | +15% |
| Shenzhen Longsys Electronics Co 301308 | ¥376.88 | ¥91.67 | −76% |
| Lenovo Group 0992 | HK$30.12 | HK$33.70 | +12% |
| Dawning Information Industry Co 603019 | ¥83.19 | ¥39.38 | −53% |
| HP Inc HPQ | $30.52 | $48.62 | +59% |
| Inspur Electronic Information Industry Co 000977 | ¥73.79 | ¥44.02 | −40% |
| Super Micro Computer, Inc SMCI | $38.46 | $37.09 | −4% |
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