Western Digital (CHIX:WDCD) Intrinsic Value: Projected FCF: €30.37 (As of Sep. 11, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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.

CHIX:WDCD Western Digital Corp CHIX:WDCD
50 GF Score
Price €401.50
GF Value €90.78
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Western Digital Intrinsic Value: Projected FCF?

Western Digital CHIX:WDCD 50 Intrinsic Value: Projected FCF is €30.37 as of Sep. 11, 2026. GuruFocus rates CHIX:WDCD with a GF Score™ of 50/100 and a GF Value™ of €90.78 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,689 Hardware companies, Western Digital ranks worse than 92.48% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-09-11), Western Digital's Intrinsic Value: Projected FCF is €30.37. The stock price of Western Digital is €401.50. Therefore, Western Digital's Price-to-Intrinsic-Value-Projected-FCF of today is 13.2.

The historical rank and industry rank for Western Digital's Intrinsic Value: Projected FCF or its related term are showing as below:

CHIX:WDCd' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.39   Med: 0.67   Max: 18.32
Current: 13.22

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Western Digital was 18.32. The lowest was 0.39. And the median was 0.67.

CHIX:WDCd's Price-to-Projected-FCF is ranked worse than
92.48% of 1689 companies
in the Hardware industry
Industry Median: 1.68 vs CHIX:WDCd: 13.22

Western Digital  (CHIX:WDCd) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Western Digital's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=401.50/29.637844010353
=13.55

* 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.


Western Digital Intrinsic Value: Projected FCF Related Terms


Western Digital Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Western Digital's Intrinsic Value: Projected 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.

Western Digital Intrinsic Value: Projected FCF Chart

Western Digital Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 29.42

Western Digital Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF 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 0.00 0.00 0.00 0.00 29.42

CHIX:WDCD vs STX, SNDK, ANET: Intrinsic Value: Projected FCF Comparison

For the Computer Hardware subindustry, Western Digital's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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.


Western Digital Price-to-Projected-FCF vs Hardware Industry

For the Hardware industry and Technology sector, Western Digital's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Western Digital's Price-to-Projected-FCF falls into.


CHIX:WDCD
50GF Score
Western Digital Corp CHIX:WDCD
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Western Digital Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Western Digital's Free Cash Flow(6 year avg) = €564.47.

Western Digital's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Jun26)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*564.47072+7693.952*0.8)/389.000
=29.64

* 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.

What does a Intrinsic Value: Projected FCF of €30.37 mean?
Western Digital (CHIX:WDCD) has a Intrinsic Value: Projected FCF of €30.37 as of Sep. 11, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Western Digital and its competitors. According to the industry distribution chart, Western Digital ranks #1562 out of 1689 companies in the Hardware industry, placing it in the top 92.5%.
Is Western Digital's Intrinsic Value: Projected FCF too high?
Western Digital's current Intrinsic Value: Projected FCF is €30.37. Based on the distribution chart, Western Digital ranks #1562 out of 1689 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Western Digital has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Western Digital's Intrinsic Value: Projected FCF compare to STX and SNDK?
According to the Hardware industry distribution chart, Western Digital ranks #1562 out of 1689 companies for Intrinsic Value: Projected FCF. This places Western Digital in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 1.68. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Hardware company?
The median Intrinsic Value: Projected FCF among Hardware companies is 1.68, based on 1,689 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Western Digital and its competitors. For the Hardware industry, the median Intrinsic Value: Projected FCF is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Digital's current Intrinsic Value: Projected FCF is €30.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Digital stock overvalued right now?
Based on GuruFocus' analysis, Western Digital (CHIX:WDCD) is currently considered Significantly Overvalued. The stock's GF Value™ is €90.78, compared to a current price of €401.50 — trading 342.3% above its estimated fair value. The current Intrinsic Value: Projected FCF is €30.37. Western Digital's overall GF Score™ is 50/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Western Digital (CHIX:WDCD), the current Intrinsic Value: Projected FCF is €30.37 as of Sep. 11, 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 Western Digital (CHIX:WDCD) Overvalued in 2026?

Based on GuruFocus' analysis, Western Digital stock appears to be overvalued. The current stock price of €401.50 is trading 342.3% above its estimated GF Value™ of €90.78. GuruFocus considers Western Digital to be Significantly Overvalued.

Key valuation signals for CHIX:WDCD:

  • Intrinsic Value: Projected FCF: €30.37
  • GF Value™: €90.78 vs. price of €401.50 (342.3% above fair value)
  • GF Score™: 50/100 with 5 warning signs

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


Western Digital Business Description

Address 5601 Great Oaks Parkway, San Jose, CA, USA, 95119
Western Digital is a leading vertically integrated supplier of hard disk drives. The HDD market is a practical duopoly, with Western Digital and Seagate being the two largest players. Western Digital designs and manufactures its HDDs, with much of the manufacturing and workforce located in Asia. The primary consumers of HDDs are data centers.
50GF Score

Get the complete analysis for CHIX:WDCD

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€401.50
Price
€90.78
GF Value