Dell Technologies (HAM:12DA) Cyclically Adjusted Revenue per Share: €126.37 (As of Apr. 2026)

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HAM:12DA Dell Technologies Inc HAM:12DA
69 GF Score
Price €339.95
GF Value €168.44
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Dell Technologies Cyclically Adjusted Revenue per Share?

Dell Technologies HAM:12DA -2.37% 69 Cyclically Adjusted Revenue per Share is €126.37 as of Apr. 2026. GuruFocus rates HAM:12DA with a GF Score™ of 69/100 and a GF Value™ of €168.44 (Significantly Overvalued). The stock has 8 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 Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Dell Technologies's adjusted revenue per share for the three months ended in Apr. 2026 was €57.142. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €126.37 for the trailing ten years ended in Apr. 2026.

During the past 12 months, Dell Technologies's average Cyclically Adjusted Revenue Growth Rate was 11.50% 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 Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

As of today (2026-07-19), Dell Technologies's current stock price is €339.95. Dell Technologies's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was €126.37. Dell Technologies's Cyclically Adjusted PS Ratio of today is 2.69.

During the past 12 years, the highest Cyclically Adjusted PS Ratio of Dell Technologies was 2.86. The lowest was 0.69. And the median was 0.96.


Dell Technologies  (HAM:12DA) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS 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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Dell Technologies's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=339.95/126.37
=2.69

* 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 PS Ratio of Dell Technologies was 2.86. The lowest was 0.69. And the median was 0.96.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Dell Technologies Cyclically Adjusted Revenue per Share Related Terms


Dell Technologies Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Dell Technologies's Cyclically Adjusted Revenue 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 Revenue per Share Chart

Dell Technologies Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 121.07

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 Revenue 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 117.71 122.23 120.88 121.07 126.37

HAM:12DA vs SNDK, STX, WDC: Cyclically Adjusted Revenue per Share Comparison

For the Computer Hardware subindustry, Dell Technologies's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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 PS Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Dell Technologies's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Dell Technologies's Cyclically Adjusted PS Ratio falls into.


HAM:12DA
69GF Score
Dell Technologies Inc HAM:12DA
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dell Technologies Cyclically Adjusted Revenue 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 Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

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

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue 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 Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue 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 Revenue per Share data for the three months ended in Apr. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=57.142/333.0200*333.0200
=57.142

Current CPI (Apr. 2026) = 333.0200.

Dell Technologies Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 16.477 240.628 22.804
201610 20.534 241.729 28.289
201701 26.948 242.839 36.955
201704 23.376 244.524 31.836
201707 23.558 244.786 32.050
201710 23.164 246.663 31.274
201801 25.068 247.867 33.680
201804 24.226 250.546 32.201
201807 27.335 252.006 36.123
201810 27.225 252.885 35.852
201901 29.047 251.712 38.430
201904 25.963 255.548 33.834
201907 27.758 256.571 36.029
201910 27.535 257.346 35.632
202001 19.947 257.971 25.750
202004 26.682 256.389 34.657
202007 25.989 259.101 33.403
202010 25.888 260.388 33.109
202101 19.634 261.582 24.996
202104 24.150 267.054 30.115
202107 26.038 273.003 31.762
202110 28.905 276.589 34.802
202201 30.587 281.148 36.230
202204 31.004 289.109 35.713
202207 34.405 296.276 38.672
202210 33.771 298.012 37.738
202301 31.614 299.170 35.191
202304 25.890 303.363 28.421
202307 28.093 305.691 30.605
202310 28.475 307.671 30.821
202401 28.066 308.417 30.305
202404 28.516 313.548 30.287
202407 31.870 314.540 33.742
202410 31.197 315.664 32.912
202501 32.377 317.671 33.941
202504 29.639 320.795 30.768
202507 37.198 323.048 38.346
202510 34.114 0.000
202601 42.460 325.252 43.474
202604 57.142 333.020 57.142

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of €126.37 mean?
Dell Technologies (HAM:12DA) has a Cyclically Adjusted Revenue per Share of €126.37 as of Apr. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Dell Technologies and its competitors.
Is Dell Technologies' Cyclically Adjusted Revenue per Share too high?
Dell Technologies' current Cyclically Adjusted Revenue per Share is €126.37. Overall, Dell Technologies has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dell Technologies' Cyclically Adjusted Revenue per Share compare to SNDK and STX?
Dell Technologies' Cyclically Adjusted Revenue per Share of €126.37 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 Revenue per Share for a Hardware company?
A good Cyclically Adjusted Revenue per Share depends on the Hardware industry context. However, Cyclically Adjusted Revenue 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 Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Dell Technologies and its competitors. Dell Technologies's current Cyclically Adjusted Revenue per Share is €126.37. 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 (HAM:12DA) is currently considered Significantly Overvalued. The stock's GF Value™ is €168.44, compared to a current price of €339.95 — trading 101.8% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €126.37. Dell Technologies' overall GF Score™ is 69/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Dell Technologies (HAM:12DA), the current Cyclically Adjusted Revenue per Share is €126.37 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 (HAM:12DA) Overvalued in 2026?

Based on GuruFocus' analysis, Dell Technologies stock appears to be overvalued. The current stock price of €339.95 is trading 101.8% above its estimated GF Value™ of €168.44. GuruFocus considers Dell Technologies to be Significantly Overvalued.

Key valuation signals for HAM:12DA:

  • Cyclically Adjusted Revenue per Share: €126.37
  • GF Value™: €168.44 vs. price of €339.95 (101.8% above fair value)
  • GF Score™: 69/100 with 8 warning signs

No single metric tells the full story. See the HAM:12DA 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.
69GF Score

Get the complete analysis for HAM:12DA

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

€339.95
Price
€168.44
GF Value