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STOCK COMPARISON

Dell Technologies vs Elma Electronic: Fair Value & Quality

Both stocks run through our valuation models. Here is how Dell Technologies (DELL) and Elma Electronic (ELMN) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Dell Technologies as the less overvalued of the two: Dell Technologies trades at $536 versus a fair value of $196 (-63%), while Elma Electronic trades at CHF 1,320 versus CHF 209 (-84%).
Dell Technologies
DELL · USD · Information Technology
-63%
upside to fair value
overvalued
Price$536
Fair Value$196
Quality66/100
Elma Electronic
ELMN.SW · CHF · Information Technology
-84%
upside to fair value
overvalued
PriceCHF 1,320
Fair ValueCHF 209
Quality47/100
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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

Dell TechnologiesElma Electronic
Valuation
34.6×P/E (TTM)73.0×
2.81×P/S (TTM)2.07×
Negative equityP/B5.77×
27.6×EV/EBITDA37.4×
0.71×PEG3.06×
−63.5%Fair value upside−84.2%
0.4%Dividend yield0.2%
$2.31Dividend per shareCHF 2.00
Profitability
9%Operating margin1%
1.72×EBIT margin trend (5Y)0.98×
Negative equityReturn on equity6%
7%Return on assets3%
Growth
88%Revenue growth (YoY)-3%
3.5%Avg. growth/yr (3Y)4.4%
5.5%Avg. growth/yr (5Y)3.7%
+15.8%Value creation/yr−5.6%
Balance & size
5.4×Interest coverage (EBIT/interest)18.1×
Negative equityDebt / equity0.52×
$376BMarket cap$364M
healthyGrowth qualityexpensive

Dell Technologies leads: 11 to 3 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.

Dell Technologiesof which business quality 65 · market factors 72 Elma Electronicof which business quality 48 · market factors 79
ProfitabilityMargins and returns on capital today
51
53
Quality GrowthAre margins and returns improving?
45
20
CashflowEarnings quality: real cash, not paper profit
61
7
Fin. StrengthBalance sheet, leverage, solvency risk
59
73
InvestmentDisciplined investing over empire-building
89
60
Low VolatilityCalm price path (market factor)
15
99
MomentumPrice trend over the last 3–12 months (market factor)
96
64
52W MomentumDistance to the 52-week high (market factor)
95
83
Net IssuanceShare count: buybacks or dilution?
100
82

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 familyDell TechnologiesPrice $536Elma ElectronicPrice CHF 1,320
DCF Models-59%below the price$222n/a
Earnings-Based-80%below the price$105-88%below the priceCHF 161
Dividend Discount-93%below the price$35.08-98%below the priceCHF 21.38
Multiples-55%below the price$243-67%below the priceCHF 440
Asset-Basedn/a-86%below the priceCHF 185
Growth DCF-63%below the price$198n/a
Economic Profit-79%below the price$111-86%below the priceCHF 185
Growth Earnings-63%below the price$196-70%below the priceCHF 394
Minimum-93%below the price$35.08-98%below the priceCHF 21.38
Maximum-55%below the price$243-67%below the priceCHF 440
Median-63%below the price$196-86%below the priceCHF 185
Geometric mean-75%below the price$136-87%below the priceCHF 165

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%.

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

Elma Electronic: 15 of 15 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.

Dell Technologies
Price $536
Fair Value $196
Bear $132Bull $261
Elma Electronic
Price CHF 1,320
Fair Value CHF 209
Bear CHF 207Bull CHF 209

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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.

Dell Technologies · Information Technology

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

Elma Electronic · Information Technology

Quality score47 · below median
Fair value upside-84% · bottom 25%

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Dell Technologies as the less overvalued of the two: Dell Technologies trades at $536 versus a fair value of $196 (-63%), while Elma Electronic trades at CHF 1,320 versus CHF 209 (-84%).

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

Open Dell Technologies live analysis →
Dell Technologies · Elma Electronic

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