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STOCK COMPARISON

Wistron vs Dell Technologies: Fair Value & Quality

Both stocks run through our valuation models. Here is how Wistron (3231) and Dell Technologies (DELL) compare, as of Sep 22, 2026.

As of Sep 22, 2026, Fair Value Calculator sees Wistron as the less overvalued of the two: Wistron trades at TWD 187 versus a fair value of TWD 167 (-11%), while Dell Technologies trades at $568 versus $395 (-30%).
Wistron
3231.TW · TWD · Information Technology
-11%
upside to fair value
overvalued
PriceTWD 187
Fair ValueTWD 167
Quality29/100
Dell Technologies
DELL · USD · Information Technology
-30%
upside to fair value
overvalued
Price$568
Fair Value$395
Quality67/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

WistronDell Technologies
Valuation
15.1×P/E (TTM)34.6×
0.17×P/S (TTM)2.10×
2.57×P/B
3.9×EV/EBITDA20.8×
0.90×PEG0.71×
−10.5%Fair value upside−30.5%
2.0%Dividend yield0.4%
Dividend per share$2.21
Profitability
3%Operating margin9%
1.57×EBIT margin trend (5Y)1.72×
27%Return on equity44%
5%Return on assets7%
Growth
144%Revenue growth (YoY)88%
30.5%Avg. growth/yr (3Y)3.5%
20.9%Avg. growth/yr (5Y)5.5%
+1.0%Value creation/yr+15.8%
Balance & size
5.0×Interest coverage (EBIT/interest)5.4×
0.54×Debt / equity
$14BMarket cap$281B
expensiveGrowth qualityhealthy

Even match: 7 to 7 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Wistronof which business quality 30 · market factors 78 Dell Technologiesof which business quality 65 · market factors 75
ProfitabilityMargins and returns on capital today
46
51
Quality GrowthAre margins and returns improving?
63
45
CashflowEarnings quality: real cash, not paper profit
0
61
Fin. StrengthBalance sheet, leverage, solvency risk
43
59
InvestmentDisciplined investing over empire-building
33
89
Low VolatilityCalm price path (market factor)
54
16
MomentumPrice trend over the last 3–12 months (market factor)
86
100
52W MomentumDistance to the 52-week high (market factor)
92
100
Net IssuanceShare count: buybacks or dilution?
0
100

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyWistronPrice TWD 187Dell TechnologiesPrice $568
DCF Models-89%below the priceTWD 20.81-26%below the price$418
Earnings-Based-8%close to the priceTWD 172-61%below the price$221
Dividend Discount-65%below the priceTWD 66.06-87%below the price$73.81
Multiples+55%above the priceTWD 289-10%close to the price$511
Asset-Based-80%below the priceTWD 37.41n/a
Growth DCFn/a-34%below the price$373
Economic Profit-3%close to the priceTWD 181-59%below the price$233
Growth Earnings+5%close to the priceTWD 196-28%below the price$412
Minimum-89%below the priceTWD 20.81-87%below the price$73.81
Maximum+55%above the priceTWD 289-10%close to the price$511
Median-8%close to the priceTWD 172-34%below the price$373
Geometric mean-47%below the priceTWD 98.62-51%below the price$277

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Wistron: 9 of 17 models see the stock below the current price.

Dell Technologies: 20 of 22 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Wistron
Price TWD 187
Fair Value TWD 167
Bear TWD 117Bull TWD 217
Dell Technologies
Price $568
Fair Value $395
Bear $254Bull $535

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Wistron · Information Technology

Quality score29 · bottom 25%
Fair value upside-11% · above median

Dell Technologies · Information Technology

Quality score67 · Top 25%
Fair value upside-30% · below median

Bottom line

As of Sep 22, 2026, Fair Value Calculator sees Wistron as the less overvalued of the two: Wistron trades at TWD 187 versus a fair value of TWD 167 (-11%), while Dell Technologies trades at $568 versus $395 (-30%).

Dell Technologies has the higher quality score (67/100).

See the full analysis →

More comparisons

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.