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Dell TechnologiesXSWX:DELL +4.30%69 Return-on-Tangible-Asset is 16.34% as of Apr. 2026, which is 231% above its 10-year median of 4.94. GuruFocus rates XSWX:DELL with a GF Score™ of 69/100 and a GF Value™ of CHF158.33. The stock has 7 warning signs investors should review. Among 2,503 Hardware companies, Dell Technologies ranks better than 89.85% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Dell Technologies's annualizedNet Income for the quarter that ended in Apr. 2026 was CHF10,831 Mil. Dell Technologies's average total tangible assets for the quarter that ended in Apr. 2026 was CHF66,297 Mil. Therefore, Dell Technologies's annualized Return-on-Tangible-Asset for the quarter that ended in Apr. 2026 was 16.34%.
The historical rank and industry rank for Dell Technologies's Return-on-Tangible-Asset or its related term are showing as below:
XSWX:DELL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.68 Med: 4.94 Max: 11.7
Current: 11.7
During the past 12 years, Dell Technologies's highest Return-on-Tangible-Asset was 11.70%. The lowest was -5.68%. And the median was 4.94%.
XSWX:DELL's Return-on-Tangible-Asset is ranked better than 89.85% of 2503
companies
in the Hardware industry
Industry Median: 2.44
vs XSWX:DELL: 11.70
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Dell Technologies Return-on-Tangible-Asset Related Terms
Dell Technologies Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Dell Technologies's Return-on-Tangible-Asset 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.
XSWX:DELL vs SNDK, STX, WDC: Return-on-Tangible-Asset Comparison
For the Computer Hardware subindustry, Dell Technologies's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Dell Technologies's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Dell Technologies's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Apr. 2026) net income data.
What does a Return-on-Tangible-Asset of 16.34% mean?
Dell Technologies (XSWX:DELL) has a Return-on-Tangible-Asset of 16.34% as of Apr. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Dell Technologies and its competitors. This is 231% above median its historical median of 4.94. According to the industry distribution chart, Dell Technologies ranks #254 out of 2503 companies in the Hardware industry, placing it in the top 10.1%.
Is Dell Technologies' Return-on-Tangible-Asset too high?
Dell Technologies' current Return-on-Tangible-Asset of 16.34% is 231% above median its 10-year median of 4.94. The Hardware industry median Return-on-Tangible-Asset is 2.44. Dell Technologies' value of 16.34% is 569.7% above this industry median. Based on the distribution chart, Dell Technologies ranks #254 out of 2503 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Dell Technologies has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Dell Technologies' Return-on-Tangible-Asset compare to SNDK and STX?
According to the Hardware industry distribution chart, Dell Technologies ranks #254 out of 2503 companies for Return-on-Tangible-Asset. This places Dell Technologies in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.44. Dell Technologies' value of 16.34% is 569.7% above this benchmark. While the company's 10-year median is 4.94 vs. the industry median of 2.44, 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 Return-on-Tangible-Asset for a Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.44, based on 2,503 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dell Technologies's current Return-on-Tangible-Asset of 16.34% is 569.7% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Dell Technologies and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dell Technologies's current Return-on-Tangible-Asset is 16.34%, which is 231% above median its own 10-year median of 4.94. 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?
Dell Technologies (XSWX:DELL) has a current Return-on-Tangible-Asset of 16.34%. The stock's GF Value™ is CHF158.33, compared to a current price of CHF370.00 — trading 133.7% above its estimated fair value. The current Return-on-Tangible-Asset is 16.34%, which is 231% above median its 10-year median of 4.94 and 569.7% above the Hardware industry median of 2.44. Dell Technologies' overall GF Score™ is 69/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Dell Technologies (XSWX:DELL), the current Return-on-Tangible-Asset is 16.34% 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 (XSWX:DELL) Overvalued in 2026?
Based on GuruFocus' analysis, Dell Technologies stock appears to be overvalued.
The current stock price of CHF370.00 is trading 133.7% above its estimated GF Value™ of CHF158.33.
Key valuation signals for XSWX:DELL:
Return-on-Tangible-Asset: 16.34% (231% above median its 10-year median of 4.94)
GF Value™: CHF158.33 vs. price of CHF370.00 (133.7% above fair value)
Industry Position: 569.7% above the Hardware median (#254 of 2503)
No single metric tells the full story. See the XSWX:DELL 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
Get the complete analysis for XSWX:DELL
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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