DELL (Dell Technologies) ROCE %: 44.44% (As of Apr. 2026)


DELL Dell Technologies Inc DELL
74 GF Score
Price $422.42
GF Value $191.35
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Dell Technologies ROCE %?

Dell Technologies DELL -1.25% 74 ROCE % is 44.44% as of Apr. 2026. GuruFocus rates DELL with a GF Score™ of 74/100 and a GF Value™ of $191.35 (Significantly Overvalued). The stock has 8 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Dell Technologies's annualized ROCE % for the quarter that ended in Apr. 2026 was 44.44%.

Dell Technologies  (NYSE:DELL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Dell Technologies ROCE % Related Terms

Dell Technologies ROCE % Historical Data

* Premium members only.

The historical data trend for Dell Technologies's ROCE % 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 ROCE % Chart

Dell Technologies Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.11 12.10 15.58 19.29 24.77

Dell Technologies Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
ROCE % 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 16.58 20.79 26.23 34.25 44.44
DELL
74GF Score
Dell Technologies Inc DELL
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Dell Technologies ROCE % Calculation

Dell Technologies's annualized ROCE % for the fiscal year that ended in Jan. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Jan. 2026 )  (A: Jan. 2025 )(A: Jan. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Jan. 2026 )  (A: Jan. 2025 )(A: Jan. 2026 )
=8823/( ( (79746 - 46527) + (101286 - 63269) )/ 2 )
=8823/( (33219+38017)/ 2 )
=8823/35618
=24.77 %

Dell Technologies's ROCE % of for the quarter that ended in Apr. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Apr. 2026 )  (Q: Jan. 2026 )(Q: Apr. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Apr. 2026 )  (Q: Jan. 2026 )(Q: Apr. 2026 )
=17404/( ( (101286 - 63269) + (114913 - 74598) )/ 2 )
=17404/( ( 38017 + 40315 )/ 2 )
=17404/39166
=44.44 %

(1) Note: The EBIT data used here is four times the quarterly (Apr. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 44.44% mean?
Dell Technologies (DELL) has a ROCE % of 44.44% as of Apr. 2026.
Is Dell Technologies' ROCE % too high?
Dell Technologies' current ROCE % is 44.44%. The Hardware industry median ROCE % is 5.82. Dell Technologies' value of 44.44% is 663.6% above this industry median. 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' ROCE % compare to SNDK and ANET?
Dell Technologies' ROCE % of 44.44% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.82. Dell Technologies' value of 44.44% is 663.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Hardware company?
The median ROCE % among Hardware companies is 5.82, based on 2,445 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dell Technologies's current ROCE % of 44.44% is 663.6% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median ROCE % is 5.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dell Technologies's current ROCE % is 44.44%. 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 (DELL) is currently considered Significantly Overvalued. The stock's GF Value™ is $191.35, compared to a current price of $422.42 — trading 120.8% above its estimated fair value. The current ROCE % is 44.44% and 663.6% above the Hardware industry median of 5.82. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Dell Technologies (DELL), the current ROCE % is 44.44% 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 (DELL) Overvalued in 2026?

Based on GuruFocus' analysis, Dell Technologies stock appears to be overvalued. The current stock price of $422.42 is trading 120.8% above its estimated GF Value™ of $191.35. GuruFocus considers Dell Technologies to be Significantly Overvalued.

Key valuation signals for DELL:

  • ROCE %: 44.44%
  • GF Value™: $191.35 vs. price of $422.42 (120.8% above fair value)
  • GF Score™: 74/100 with 8 warning signs
  • Industry Position: 663.6% above the Hardware median

No single metric tells the full story. See the DELL 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.
74GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$422.42
Price
$191.35
GF Value