--- title: Dell Technologies (DELL) — intrinsic value and fair price canonical: https://sweetvaluelab.com/stocks/dell ticker: DELL as_of: 2026-10-17 sector: Technology industry: Computer Hardware --- # Dell Technologies (DELL) Dell Technologies (DELL) closed at $451.54 on Oct 16, 2026, overvalued by 42% vs its model value of $319.02 (from a five-year discounted cash flow). ## Key figures | Figure | Value | | --- | ---: | | Last close | $451.54 (Oct 16, 2026) | | Model value (from a five-year discounted cash flow) | $319.02 | | Price vs model | overvalued by 42% vs model | | Range of that model | $213.15 – $614.33 | | Market value | $287.1B | | P/E (fiscal 2026) | 52.0 | | Net margin (fiscal 2026) | 5.2% | | Free cash flow (fiscal 2026) | $8.6B | | Dividend yield (trailing twelve months) | 0.51% | | Beta | 1.44 | | Cost of capital (WACC) | 9.83% | | Business classification | Profitable Growth (Moderate growth (~13% recent), Moderate margins (5% net margin), Highly cyclical earnings, High leverage (D/E 5.0x)) | ## On the stock lists | List | Place | Figure | Page | | --- | ---: | ---: | --- | | Largest companies | #40 | $287.1B | https://sweetvaluelab.com/lists/largest-companies | | Best performing this year | #3 | +258.7% | https://sweetvaluelab.com/lists/best-performing-this-year | ## Dividends | Figure | Value | | --- | ---: | | Trailing dividend yield | 0.51% | | Dividends per share, last 12 months | $2.31 | | Dividends / free cash flow (fiscal 2026) | 17.1% | | Raised | 3+ years in a row | | Growth over 3 years | 18.2% a year | | Latest payment | $0.63, ex-date Jul 21, 2026, paid Jul 31, 2026 | | Year of payments | Dividends per share | | --- | ---: | | To Jul 24, 2023 | $1.40 | | To Jul 23, 2024 | $1.63 | | To Jul 22, 2025 | $1.94 | | Trailing twelve months (to Jul 21, 2026) | $2.31 | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | DCF · Perpetuity growth · 5y | primary | $319.02 | $213.15 | $614.33 | | DCF · Perpetuity growth · 10y | cross check | $404.22 | $274.58 | $761.14 | | DCF · EBITDA exit · 5y | cross check | $887.20 | $703.87 | $1,100.64 | | DCF · EBITDA exit · 10y | cross check | $937.06 | $696.95 | $1,249.74 | | P/E · peers | cross check | $337.20 | $173.08 | $836.20 | | P/E · own history | cross check | $325.43 | $225.38 | $425.29 | | PEG | sanity check | $647.34 | $647.34 | $647.34 | | EV/EBITDA · peers | cross check | $555.46 | $337.05 | $1,065.04 | | EV/Revenue · peers | cross check | $677.73 | $486.72 | $4,543.74 | | Earnings power value | cross check | $3.84 | $0.00 | $9.79 | | Dividend discount | cross check | $35.19 | $25.10 | $54.03 | ## Insider activity (SEC Form 4) Past 90 days: 0 open-market buys ($0) and 35 open-market sales ($16.0M); 10b5-1 plan sales included. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Oct 9, 2026 | Silver Lake Technology Investors V, L.P., Silver Lake Technology Associates V, L.P., SLTA V (GP), L.L.C., Silver Lake Group, L.L.C., Durban Egon | Director, 10% Owner | Option/RSU exercise | 449 | $0 | | Oct 9, 2026 | Silver Lake Technology Investors V, L.P., Silver Lake Technology Associates V, L.P., SLTA V (GP), L.L.C., Silver Lake Group, L.L.C., Durban Egon | Director, 10% Owner | Open-market sell | 24 | $13,958.2 | | Oct 9, 2026 | Silver Lake Technology Investors V, L.P., Silver Lake Technology Associates V, L.P., SLTA V (GP), L.L.C., Silver Lake Group, L.L.C., Durban Egon | Director, 10% Owner | Open-market sell | 19 | $11,104.7 | | Oct 9, 2026 | Silver Lake Technology Investors V, L.P., Silver Lake Technology Associates V, L.P., SLTA V (GP), L.L.C., Silver Lake Group, L.L.C., Durban Egon | Director, 10% Owner | Open-market sell | 23 | $13,419.1 | | Oct 9, 2026 | Silver Lake Technology Investors V, L.P., Silver Lake Technology Associates V, L.P., SLTA V (GP), L.L.C., Silver Lake Group, L.L.C., Durban Egon | Director, 10% Owner | Open-market sell | 16 | $9,319.8 | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Sep 15, 2026 | 8-K | 1.01 Entry into a Material Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1571996/000119312526391976/d172674d8k.htm | | Sep 10, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1571996/000119312526387958/d150030d8k.htm | | Sep 8, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1571996/000157199626000046/dell-20260731.htm | | Sep 1, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1571996/000157199626000039/dell-20260901.htm | | Jul 6, 2026 | 8-K | 3.03 Modification to Security-Holder Rights; 5.03 Amendment to Articles/Bylaws; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1571996/000119312526296224/d32716d8k.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Arnold Van Den Berg | 2026-06-30 | 62,293 | $26.9M | | Dodge & Cox | 2026-06-30 | 17,250 | $7.4M | | Bridgewater | 2026-06-30 | 12,230 | $5.3M | | Lee Ainslie | 2026-06-30 | 2,935 | $1.3M | 4 tracked managers in all. ## About Dell Technologies Inc. is a worldwide technology leader that designs, develops, manufactures, markets, sells, and provides support for a broad spectrum of information technology (IT) solutions, products, and services. The company's business activities are structured into three primary segments: the Infrastructure Solutions Group (ISG), the Client Solutions Group (CSG), and VMware. The ISG division focuses on delivering enterprise-grade offerings, including both traditional and next-generation storage solutions, alongside various server configurations such as rack, blade, tower, and hyperscale models. This segment also provides networking products and related services aimed at helping corporate clients modernize their IT infrastructure, enrich end-user experiences, and accelerate critical business applications and processes. Complementary software, peripherals, and extensive support servi… --- Source: https://sweetvaluelab.com/stocks/dell (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.