Dell Technologies Inc (12DA) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Dell Technologies Inc €186, price €496, upside -62.5%, quality 67 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Dell Technologies Inc
12DA · XETRAStretched ValuationStrong overvaluation with only moderate quality.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 28, 2026.
How to read this chart
60‑month range €31.53 – €510.90 · fair‑value band €120.03 – €266.72 · the €496.20 price screens above the €186.01 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 28, 2026.
Company profile
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.
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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.
Stock analysis
Dell Technologies Inc (12DA) currently trades at €496.20, while our model-based Fair Value estimate is €186.01, 62.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of €216.10 per share, and 0 of the 23 models we run sit above the €496.20 price.
Bear case: the Dividend Discount group reads lowest at €31.25, and 23 of the 23 models stay below the price. Evidence for this calculation is high.
Scenario range: €120.03 (bear) to €266.72 (bull), the price of €496.20 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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 +1.7%/yr from FY2022.
Key figures
Market cap €339B · P/E ratio 32.1 · P/S ratio 1.68 · EPS (TTM) €11.00 · Dividend yield 0.4% · Net margin 5.2% · Return on equity 124,635% · Return on assets (EBIT) 6.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 422% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −9% fair-value upside, at −63%, 12DA screens richer than that median.
Fair Value models
All 23 models by family
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Set up alert →Quality Score breakdown
Of which business quality 64 · Market factors (momentum, volatility) 75
Revenue & earnings trend
Growth Forecast
12DA screens overvalued: fair value 63% below the price. Compare with Arista Networks, Inc →
Compare Dell Technologies Inc with another stock
Price, fair value, quality and upside side by side.
Context: sector, industry, market
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: German Stocks
- Valuation of the Germany market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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10 more Computer Hardware stocks, each showing price versus our Fair Value estimate.
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|---|---|---|---|
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| Wiwynn Corporation 6669 | 2,115 TWD | 997.81 TWD | −53% |
| Lenovo Group 0992 | HK$37.16 | HK$33.71 | −9% |
| Hangzhou Hikvision Digital Technology Co 002415 | ¥32.63 | ¥46.76 | +43% |
| Everpure, Inc P | $126.00 | $51.34 | −59% |
| Super Micro Computer, Inc SMCI | $41.92 | $45.03 | +7% |
| HP Inc HPQ | $31.32 | $52.70 | +68% |
| ASUSTeK Computer Inc 2357 | 953.00 TWD | 1,011 TWD | +6% |
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Key figures of Dell Technologies Inc
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