Dell TechnologiesFRA:12DA +3.92%74 Net Margin % is 7.84% as of Apr. 2026, which is 107% above its 10-year median of 3.79. GuruFocus rates FRA:12DA with a GF Score™ of 74/100 and a GF Value™ of €169.49 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,473 Hardware companies, Dell Technologies ranks better than 66.88% on this metric.
The historical rank and industry rank for Dell Technologies's Net Margin % or its related term are showing as below:
FRA:12DA'
s Net Margin % Range Over the Past 10 Years
Min: -3.6 Med: 3.79 Max: 6.28
Current: 6.28
FRA:12DA's Net Margin % is ranked better than 66.88% of 2473
companies
in the Hardware industry
Industry Median: 2.71
vs FRA:12DA: 6.28
Dell Technologies (FRA:12DA) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Dell Technologies Net Margin % Related Terms
Dell Technologies Net Margin % Historical Data
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The historical data trend for Dell Technologies's Net Margin % 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.
FRA:12DA vs SNDK, ANET, STX: Net Margin % Comparison
For the Computer Hardware subindustry, Dell Technologies's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Dell Technologies's Net Margin % distribution charts can be found below:
* The bar in red indicates where Dell Technologies's Net Margin % falls into.
* 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 (FRA:12DA) has a Net Margin % of 7.84% as of Apr. 2026. Net margin is the ratio of total net income to net sales. View historical data on Dell Technologies and its competitors. This is 107% above median its historical median of 3.79. According to the industry distribution chart, Dell Technologies ranks #819 out of 2473 companies in the Hardware industry, placing it in the top 33.1%.
Is Dell Technologies' Net Margin % too high?
Dell Technologies' current Net Margin % of 7.84% is 107% above median its 10-year median of 3.79. The Hardware industry median Net Margin % is 2.71. Dell Technologies' value of 7.84% is 189.3% above this industry median. Based on the distribution chart, Dell Technologies ranks #819 out of 2473 companies in the Hardware industry, which is above the industry midpoint. Overall, Dell Technologies has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dell Technologies' Net Margin % compare to SNDK and ANET?
According to the Hardware industry distribution chart, Dell Technologies ranks #819 out of 2473 companies for Net Margin %. This puts Dell Technologies in the upper half of its industry. The industry median Net Margin % is 2.71. Dell Technologies' value of 7.84% is 189.3% above this benchmark. While the company's 10-year median is 3.79 vs. the industry median of 2.71, 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 Net Margin % for a Hardware company?
The median Net Margin % among Hardware companies is 2.71, based on 2,473 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dell Technologies's current Net Margin % of 7.84% is 189.3% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Dell Technologies and its competitors. For the Hardware industry, the median Net Margin % is 2.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dell Technologies's current Net Margin % is 7.84%, which is 107% above median its own 10-year median of 3.79. 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 (FRA:12DA) is currently considered Significantly Overvalued. The stock's GF Value™ is €169.49, compared to a current price of €378.90 — trading 123.6% above its estimated fair value. The current Net Margin % is 7.84%, which is 107% above median its 10-year median of 3.79 and 189.3% above the Hardware industry median of 2.71. Dell Technologies' overall GF Score™ is 74/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Dell Technologies (FRA:12DA), the current Net Margin % is 7.84% 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 (FRA:12DA) Overvalued in 2026?
Based on GuruFocus' analysis, Dell Technologies stock appears to be overvalued.
The current stock price of €378.90 is trading 123.6% above its estimated GF Value™ of €169.49.
GuruFocus considers Dell Technologies to be Significantly Overvalued.
Key valuation signals for FRA:12DA:
Net Margin %: 7.84% (107% above median its 10-year median of 3.79)
GF Value™: €169.49 vs. price of €378.90 (123.6% above fair value)
Industry Position: 189.3% above the Hardware median (#819 of 2473)
No single metric tells the full story. See the FRA: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.
74GF Score
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