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STOCK COMPARISON

Amax Hldg Co vs Dell Technologies: Fair Value & Quality

Both stocks run through our valuation models. Here is how Amax Hldg Co (6933) and Dell Technologies (DELL) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Dell Technologies as the less overvalued of the two: Amax Hldg Co trades at TWD 385 versus a fair value of TWD 67.25 (-83%), while Dell Technologies trades at $536 versus $196 (-63%).
Amax Hldg Co
6933.TW · TWD · Communication Services
-83%
upside to fair value
overvalued
PriceTWD 385
Fair ValueTWD 67.25
Quality46/100
Dell Technologies
DELL · USD · Information Technology
-63%
upside to fair value
overvalued
Price$536
Fair Value$196
Quality66/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Amax Hldg CoDell Technologies
Valuation
65.9×P/E (TTM)31.9×
2.43×P/S (TTM)2.42×
7.26×P/BNegative equity
47.5×EV/EBITDA21.4×
n/aPEG0.64×
−82.5%Fair value upside−63.5%
0.6%Dividend yield0.4%
TWD 2.50Dividend per share$2.31
Profitability
4%Operating margin12%
n/aEBIT margin trend (5Y)1.72×
11%Return on equityNegative equity
5%Return on assets9%
Growth
-7%Revenue growth (YoY)58%
1.2%Avg. growth/yr (3Y)3.5%
15.4%Avg. growth/yr (5Y)5.5%
−5.5%Value creation/yr+15.8%
Balance & size
13.2×Interest coverage (EBIT/interest)5.4×
n/aDebt / equityNegative equity
$524MMarket cap$367B
expensiveGrowth qualityhealthy
Valuation multiples (P/E, P/S, P/B, EV/EBITDA) are shown but not scored here: the two companies sit in different sectors, and multiples only compare fairly between similar business models. PEG stays scored, as it relates the P/E to growth.

Dell Technologies leads: 3 to 6 metric wins.

n/a = 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.

Amax Hldg Coof which business quality 47 · market factors 73 Dell Technologiesof which business quality 65 · market factors 72
ProfitabilityMargins and returns on capital today
49
51
Quality GrowthAre margins and returns improving?
70
45
CashflowEarnings quality: real cash, not paper profit
0
61
Fin. StrengthBalance sheet, leverage, solvency risk
84
59
InvestmentDisciplined investing over empire-building
33
89
Low VolatilityCalm price path (market factor)
29
15
MomentumPrice trend over the last 3–12 months (market factor)
87
96
52W MomentumDistance to the 52-week high (market factor)
100
95
Net IssuanceShare count: buybacks or dilution?
49
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 familyAmax Hldg CoPrice TWD 385Dell TechnologiesPrice $536
DCF Models-61%below the priceTWD 149-59%below the price$222
Earnings-Based-79%below the priceTWD 82.31-80%below the price$105
Dividend Discount-93%below the priceTWD 26.64-93%below the price$35.08
Multiples-73%below the priceTWD 103-55%below the price$243
Asset-Based-91%below the priceTWD 36.22n/a
Growth DCFn/a-63%below the price$198
Economic Profit-85%below the priceTWD 57.09-79%below the price$111
Growth Earnings-68%below the priceTWD 123-63%below the price$196
Minimum-93%below the priceTWD 26.64-93%below the price$35.08
Maximum-61%below the priceTWD 149-55%below the price$243
Median-79%below the priceTWD 82.31-63%below the price$196
Geometric mean-82%below the priceTWD 70.35-75%below the price$136

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%.

Amax Hldg Co: 17 of 17 models see the stock below the current price.

Dell Technologies: 22 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.

Amax Hldg Co
Price TWD 385
Fair Value TWD 67.25
Bear TWD 46.13Bull TWD 102
Dell Technologies
Price $536
Fair Value $196
Bear $132Bull $261

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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.

Amax Hldg Co · Communication Services

Quality score46 · below median
Fair value upside-83% · bottom 25%

Dell Technologies · Information Technology

Quality score66 · Top 25%
Fair value upside-63% · bottom 25%

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Dell Technologies as the less overvalued of the two: Amax Hldg Co trades at TWD 385 versus a fair value of TWD 67.25 (-83%), while Dell Technologies trades at $536 versus $196 (-63%).

Dell Technologies has the higher quality score (66/100).

Open Dell Technologies live analysis →

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