Dell Technologies (BSP:D1EL34) Cyclically Adjusted FCF per Share: R$45.55 (As of Apr. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:D1EL34 Dell Technologies Inc BSP:D1EL34
61 GF Score
Price R$2,388.13
GF Value R$1,033.08
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Dell Technologies Cyclically Adjusted FCF per Share?

Dell Technologies BSP:D1EL34 -0.76% 61 Cyclically Adjusted FCF per Share is R$45.55 as of Apr. 2026. GuruFocus rates BSP:D1EL34 with a GF Score™ of 61/100 and a GF Value™ of R$1,033.08 (Significantly Overvalued). The stock has 7 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Dell Technologies's adjusted free cash flow per share for the three months ended in Apr. 2026 was R$23.926. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is R$45.55 for the trailing ten years ended in Apr. 2026.

During the past 12 months, Dell Technologies's average Cyclically Adjusted FCF Growth Rate was 17.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

As of today (2026-08-06), Dell Technologies's current stock price is R$2388.13. Dell Technologies's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2026 was R$45.55. Dell Technologies's Cyclically Adjusted Price-to-FCF of today is 52.43.

During the past 12 years, the highest Cyclically Adjusted Price-to-FCF of Dell Technologies was 50.57. The lowest was 12.10. And the median was 16.78.


Dell Technologies  (BSP:D1EL34) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Dell Technologies's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2388.13/45.55
=52.43

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 12 years, the highest Cyclically Adjusted Price-to-FCF of Dell Technologies was 50.57. The lowest was 12.10. And the median was 16.78.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Dell Technologies Cyclically Adjusted FCF per Share Related Terms


Dell Technologies Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Dell Technologies's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Dell Technologies Cyclically Adjusted FCF per Share Chart

Dell Technologies Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 44.31

Dell Technologies Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 46.72 44.50 42.94 44.31 45.55

BSP:D1EL34 vs ANET, SNDK, STX: Cyclically Adjusted FCF per Share Comparison

For the Computer Hardware subindustry, Dell Technologies's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Dell Technologies Cyclically Adjusted Price-to-FCF vs Hardware Industry

For the Hardware industry and Technology sector, Dell Technologies's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Dell Technologies's Cyclically Adjusted Price-to-FCF falls into.


BSP:D1EL34
61GF Score
Dell Technologies Inc BSP:D1EL34
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dell Technologies Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Dell Technologies's adjusted Free Cash Flow per Share data for the three months ended in Apr. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=23.926/333.0200*333.0200
=23.926

Current CPI (Apr. 2026) = 333.0200.

Dell Technologies Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201607 7.917 240.628 10.957
201610 -2.275 241.729 -3.134
201701 1.749 242.839 2.399
201704 -0.214 244.524 -0.291
201707 6.261 244.786 8.518
201710 5.350 246.663 7.223
201801 12.074 247.867 16.222
201804 3.782 250.546 5.027
201807 12.098 252.006 15.987
201810 2.340 252.885 3.082
201901 10.266 251.712 13.582
201904 -0.176 255.548 -0.229
201907 13.730 256.571 17.821
201910 6.597 257.346 8.537
202001 15.460 257.971 19.958
202004 -9.543 256.389 -12.395
202007 19.313 259.101 24.823
202010 18.342 260.388 23.458
202101 37.205 261.582 47.366
202104 11.486 267.054 14.323
202107 7.177 273.003 8.755
202110 17.244 276.589 20.762
202201 16.084 281.148 19.052
202204 -5.846 289.109 -6.734
202207 -0.590 296.276 -0.663
202210 -2.481 298.012 -2.772
202301 13.811 299.170 15.374
202304 7.331 303.363 8.048
202307 16.847 305.691 18.353
202310 9.893 307.671 10.708
202401 5.430 308.417 5.863
202404 3.154 313.548 3.350
202407 5.038 314.540 5.334
202410 7.174 315.664 7.568
202501 -1.263 317.671 -1.324
202504 18.378 320.795 19.078
202507 15.067 323.048 15.532
202510 3.982 0.000
202601 31.503 325.252 32.255
202604 23.926 333.020 23.926

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of R$45.55 mean?
Dell Technologies (BSP:D1EL34) has a Cyclically Adjusted FCF per Share of R$45.55 as of Apr. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Dell Technologies and its competitors.
Is Dell Technologies' Cyclically Adjusted FCF per Share too high?
Dell Technologies' current Cyclically Adjusted FCF per Share is R$45.55. Overall, Dell Technologies has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dell Technologies' Cyclically Adjusted FCF per Share compare to ANET and SNDK?
Dell Technologies' Cyclically Adjusted FCF per Share of R$45.55 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Hardware company?
A good Cyclically Adjusted FCF per Share depends on the Hardware industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Dell Technologies and its competitors. Dell Technologies's current Cyclically Adjusted FCF per Share is R$45.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dell Technologies stock overvalued right now?
Based on GuruFocus' analysis, Dell Technologies (BSP:D1EL34) is currently considered Significantly Overvalued. The stock's GF Value™ is R$1,033.08, compared to a current price of R$2,388.13 — trading 131.2% above its estimated fair value. The current Cyclically Adjusted FCF per Share is R$45.55. Dell Technologies' overall GF Score™ is 61/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Dell Technologies (BSP:D1EL34), the current Cyclically Adjusted FCF per Share is R$45.55 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Dell Technologies (BSP:D1EL34) Overvalued in 2026?

Based on GuruFocus' analysis, Dell Technologies stock appears to be overvalued. The current stock price of R$2,388.13 is trading 131.2% above its estimated GF Value™ of R$1,033.08. GuruFocus considers Dell Technologies to be Significantly Overvalued.

Key valuation signals for BSP:D1EL34:

  • Cyclically Adjusted FCF per Share: R$45.55
  • GF Value™: R$1,033.08 vs. price of R$2,388.13 (131.2% above fair value)
  • GF Score™: 61/100 with 7 warning signs

No single metric tells the full story. See the BSP:D1EL34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dell Technologies Business Description

Address One Dell Way, Round Rock, TX, USA, 78682
Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It focuses on premium and commercial personal computers, as well as enterprise on-premises data center hardware. It holds top-three shares in its core markets of personal computers, peripheral displays, mainstream servers, and external storage. Dell has a robust ecosystem of component and assembly partners and also relies heavily on channel partners to fulfill its sales.
61GF Score

Get the complete analysis for BSP:D1EL34

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$2,388.13
Price
R$1,033.08
GF Value