Dell TechnologiesHAM:12DA +0.45%69 EV-to-FCF is 29.88 as of Jul. 04, 2026, which is 120% above its 10-year median of 13.56. GuruFocus rates HAM:12DA with a GF Score™ of 69/100 and a GF Value™ of €170.57 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,327 Hardware companies, Dell Technologies ranks worse than 55.84% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Dell Technologies's Enterprise Value is €240,929 Mil.
Dell Technologies's Free Cash Flow for the trailing twelve months (TTM) ended in Apr. 2026 was €8,063 Mil. Therefore, Dell Technologies's EV-to-FCF for today is 29.88.
The historical rank and industry rank for Dell Technologies's EV-to-FCF or its related term are showing as below:
HAM:12DA'
s EV-to-FCF Range Over the Past 10 Years
Min: 6.21 Med: 13.56 Max: 94.38
Current: 29.06
During the past 12 years, the highest EV-to-FCF of Dell Technologies was 94.38. The lowest was 6.21. And the median was 13.56.
HAM:12DA's EV-to-FCF is ranked worse than 55.84% of 1327
companies
in the Hardware industry
Industry Median: 23.98
vs HAM:12DA: 29.06
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Dell Technologies's PE Ratio (TTM) for today is calculated as:
Dell Technologies's share price for today is €347.40.
Dell Technologies's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €10.764.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Dell Technologies EV-to-FCF Related Terms
Dell Technologies EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Dell Technologies's EV-to-FCF 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.
For the Computer Hardware subindustry, Dell Technologies's EV-to-FCF, along with its competitors' market caps and EV-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 EV-to-FCF vs Hardware Industry
For the Hardware industry and Technology sector, Dell Technologies's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Dell Technologies's EV-to-FCF falls into.
Dell Technologies's current Enterprise Value is €240,929 Mil.
Dell Technologies's Free Cash Flow for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €8,063 Mil.
* 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 (HAM:12DA) has a EV-to-FCF of 29.88 as of Jul. 04, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Dell Technologies and its competitors. This is 120% above median its historical median of 13.56. Over the past decade, Dell Technologies' EV-to-FCF has ranged from 6.21 to 94.38. According to the industry distribution chart, Dell Technologies ranks #741 out of 1327 companies in the Hardware industry, placing it in the top 55.8%.
Is Dell Technologies' EV-to-FCF too high?
Dell Technologies' current EV-to-FCF of 29.88 is 120% above median its 10-year median of 13.56. Over the past 10 years, this metric has ranged from a low of 6.21 to a high of 94.38. The Hardware industry median EV-to-FCF is 23.98. Dell Technologies' value of 29.88 is 24.6% above this industry median. Based on the distribution chart, Dell Technologies ranks #741 out of 1327 companies in the Hardware industry, which is below the industry midpoint. 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' EV-to-FCF compare to SNDK and STX?
According to the Hardware industry distribution chart, Dell Technologies ranks #741 out of 1327 companies for EV-to-FCF. This places Dell Technologies in the lower half of its industry. The industry median EV-to-FCF is 23.98. Dell Technologies' value of 29.88 is 24.6% above this benchmark. Historically, Dell Technologies' own EV-to-FCF has ranged from 6.21 to 94.38 over the past decade. While the company's 10-year median is 13.56 vs. the industry median of 23.98, Dell Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Hardware company?
The median EV-to-FCF among Hardware companies is 23.98, based on 1,327 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dell Technologies's current EV-to-FCF of 29.88 is 24.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Dell Technologies and its competitors. For the Hardware industry, the median EV-to-FCF is 23.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dell Technologies's current EV-to-FCF is 29.88, which is 120% above median its own 10-year median of 13.56. 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 €170.57, compared to a current price of €347.40 — trading 103.7% above its estimated fair value. The current EV-to-FCF is 29.88, which is 120% above median its 10-year median of 13.56 and 24.6% above the Hardware industry median of 23.98. 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 EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Dell Technologies (HAM:12DA), the current EV-to-FCF is 29.88 as of Jul. 04, 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 €347.40 is trading 103.7% above its estimated GF Value™ of €170.57.
GuruFocus considers Dell Technologies to be Significantly Overvalued.
Key valuation signals for HAM:12DA:
EV-to-FCF: 29.88 (120% above median its 10-year median of 13.56)
GF Value™: €170.57 vs. price of €347.40 (103.7% above fair value)
Industry Position: 24.6% above the Hardware median (#741 of 1327)
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 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
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