Dell (DELL) Stock Analysis

June 13, 2026

Here is a fundamental analysis of Dell (DELL), benchmarking its profitability, financial strength, dividend and valuation against its industry group peers.

Performance

Cumulative Growth

DELL

GSPC

Dell (DELL) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for Dell (DELL) and S&P 500 (GSPC). Returns over one year are annualized.

Performance at a Glance

Dell (DELL) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: DELL	Industry group median
1-Year Return	254.13%	69.29%

Risk

Drawdown

DELL

GSPC

Dell (DELL) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk at a Glance

Dell (DELL) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: DELL	Industry group median
1-Year Volatility	66.00%	53.66%
Beta	1.33	1.32

Company Profile

Company profile fields for Dell (DELL)
Profile Item	DELL
Name	Dell Technologies Inc.
Country/Region	United States
GICS Sector	Information Technology
GICS Industry Group	Technology Hardware & Equipment
GICS Industry	Technology Hardware, Storage & Peripherals
GICS Sub-Industry	Technology Hardware, Storage & Peripherals
Market Capitalization	256.37 billion USD
Currency	USD
Exchange	NYSE
Listing Date	August 17, 2016
Security Type	Common Stock

Valuation

Price-to-Earnings Ratio (TTM)

Dell (DELL) trades at P/E ratio of 31.54, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

DELL

Technology Hardware & Equipment industry group

31.54

Group distribution

Max: 171.43
Q3: 83.19
Median: 39.13
DELL: 31.54
Q1: 23.68
Min: 9.35

Largest peers

STX: 88.50
SNDK: 67.56
ANET: 56.10
CSCO: 40.37
AAPL: 35.20
WDC: 33.67
DELL: 31.54

Where Dell (DELL) stands on P/E ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Sales Ratio (TTM)

Dell (DELL) trades at 1.91 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

DELL

Technology Hardware & Equipment industry group

1.91

Group distribution

Max: 19.39
Q3: 9.05
Median: 4.10
DELL: 1.91
Q1: 1.42
Min: 0.00

Largest peers

SNDK: 22.24
ANET: 21.17
STX: 19.13
WDC: 16.48
AAPL: 9.47
CSCO: 7.86
DELL: 1.91

Where Dell (DELL) stands on P/S ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Book Ratio (MRQ)

Dell (DELL) has negative P/B ratio of -182.88, which means reported book equity is negative. Price-to-book breaks down in this situation and should not be used as a valuation signal.

DELL

Technology Hardware & Equipment industry group

-182.88

Group distribution

Max: 17.76
Q3: 9.32
Median: 4.56
Q1: 2.09
Min: -3.27
DELL: -182.88

Largest peers

STX: 190.79
AAPL: 40.10
WDC: 26.91
SNDK: 21.27
ANET: 15.24
CSCO: 9.77
DELL: -182.88

Where Dell (DELL) stands on P/B ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Valuation at a Glance

Dell (DELL) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: DELL	Industry group median
Price-to-Earnings Ratio (TTM)	31.54	39.13
Price-to-Sales Ratio (TTM)	1.91	4.10
Price-to-Book Ratio (MRQ)	-182.88	4.56
Free Cash Flow Yield	2.12%	1.95%

Profitability

Return on Equity (TTM)

No usable ROE is available for Dell (DELL) this period, so the shareholder-equity return read is skipped.

DELL

Technology Hardware & Equipment industry group

Group distribution

Max: 44.16%
Q3: 19.25%
Median: 10.96%
Q1: 0.71%
Min: -25.92%
DELL: --

Largest peers

STX: 1,787.97%
AAPL: 141.47%
WDC: 85.92%
SNDK: 39.30%
ANET: 31.52%
CSCO: 25.23%
DELL: --

Dell (DELL) doesn’t report ROE this period; the box shows the Technology Hardware & Equipment group’s distribution and the dots its largest members.

Net Profit Margin (TTM)

Dell (DELL) keeps 6.28% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

DELL

Technology Hardware & Equipment industry group

6.28%

Group distribution

Max: 30.43%
Q3: 12.35%
DELL: 6.28%
Median: 4.45%
Q1: 0.00%
Min: -14.09%

Largest peers

WDC: 55.29%
ANET: 38.32%
SNDK: 34.19%
AAPL: 27.15%
STX: 21.60%
CSCO: 19.69%
DELL: 6.28%

Where Dell (DELL) stands on net margin within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Operating Profit Margin (TTM)

Dell (DELL) turns 8.86% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

DELL

Technology Hardware & Equipment industry group

8.86%

Group distribution

Max: 35.67%
Q3: 15.55%
DELL: 8.86%
Median: 6.62%
Q1: 1.55%
Min: -18.45%

Largest peers

SNDK: 69.98%
ANET: 42.74%
WDC: 37.01%
STX: 35.67%
AAPL: 32.28%
CSCO: 24.99%
DELL: 8.86%

Where Dell (DELL) stands on operating margin within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Profitability at a Glance

Dell (DELL) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: DELL	Industry group median
Return on Equity (TTM)	--	10.96%
Return on Assets (TTM)	7.00%	4.31%
Net Profit Margin (TTM)	6.28%	4.45%
Operating Profit Margin (TTM)	8.86%	6.62%
Gross Profit Margin (TTM)	19.21%	38.82%

Financial Strength

Current Ratio (MRQ)

Dell (DELL) has current ratio of 0.95, in the tighter-liquidity quartile for its industry. The short-term cushion is thinner than most peers carry, even if the absolute comfort level still depends on the business model.

DELL

Technology Hardware & Equipment industry group

0.95

Group distribution

Max: 5.80
Q3: 3.18
Median: 1.90
Q1: 1.28
DELL: 0.95
Min: 0.40

Largest peers

SNDK: 4.78
ANET: 2.83
WDC: 1.49
STX: 1.33
AAPL: 1.07
DELL: 0.95
CSCO: 0.93

Where Dell (DELL) stands on current ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Debt-to-Equity Ratio (MRQ)

No usable debt-to-equity ratio is available for Dell (DELL) this period, so the balance-sheet leverage read is skipped.

DELL

Technology Hardware & Equipment industry group

Group distribution

Max: 2.02
Q3: 0.88
Median: 0.31
Q1: 0.05
Min: 0.00
DELL: --

Largest peers

STX: 3.82
AAPL: 0.80
CSCO: 0.68
WDC: 0.18
SNDK: 0.02
DELL: --
ANET: --

Dell (DELL) doesn’t report debt-to-equity ratio this period; the box shows the Technology Hardware & Equipment group’s distribution and the dots its largest members.

Financial Strength at a Glance

Dell (DELL) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: DELL	Industry group median
Current Ratio (MRQ)	0.95	1.90
Debt-to-Equity Ratio (MRQ)	--	0.31
Net Debt / EBITDA	1.45	0.91

Dividends

Dividend Yield (TTM)

Dell (DELL) has dividend yield of 0.64%, in the upper peer-yield quartile while still inside the industry range. The dividend offers more cash income per dollar of share price than most peers, though payout coverage still matters.

DELL

Technology Hardware & Equipment industry group

0.64%

Group distribution

Max: 1.30%
DELL: 0.64%
Q3: 0.54%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

CSCO: 1.39%
DELL: 0.64%
AAPL: 0.37%
STX: 0.32%
WDC: 0.11%
SNDK: 0.00%
ANET: 0.00%

Where Dell (DELL) stands on dividend yield within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Dell (DELL) has payout ratio of 17.57%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

DELL

Technology Hardware & Equipment industry group

17.57%

Group distribution

Max: 37.10%
DELL: 17.57%
Q3: 15.46%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

CSCO: 55.00%
STX: 27.70%
DELL: 17.57%
AAPL: 12.59%
WDC: 2.69%
SNDK: 0.00%
ANET: 0.00%

Where Dell (DELL) stands on payout ratio within its Technology Hardware & Equipment peer group — the box is the group’s distribution and the dots its largest members.

Dividends at a Glance

Dell (DELL) metric values compared with Technology Hardware & Equipment industry-group medians
Metric	Current stock: DELL	Industry group median
Dividend Yield (TTM)	0.64%	0.00%
Dividend Payout Ratio (TTM)	17.57%	0.00%