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.
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.
10-Year Return on Invested Incremental Capital (10-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 10-year.
Dell Technologies's 10-Year ROIIC % for the quarter that ended in Jan. 2026 was 22.59%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Dell Technologies's 10-Year ROIIC % or its related term are showing as below:
XSWX:DELL's 10-Year ROIIC % is ranked better than 80.25% of 2167
companies
in the Hardware industry
Industry Median: 4.12
vs XSWX:DELL: 22.59
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Dell Technologies 10-Year ROIIC % Related Terms
Dell Technologies 10-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Dell Technologies's 10-Year ROIIC % 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: 10-Year ROIIC % Comparison
For the Computer Hardware subindustry, Dell Technologies's 10-Year ROIIC %, along with its competitors' market caps and 10-Year ROIIC % 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 10-Year ROIIC % vs Hardware Industry
For the Hardware industry and Technology sector, Dell Technologies's 10-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Dell Technologies's 10-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 10-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Dell Technologies (XSWX:DELL) has a 10-Year ROIIC % of 22.59 as of Jan. 2026. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Dell Technologies and its competitors. According to the industry distribution chart, Dell Technologies ranks #428 out of 2167 companies in the Hardware industry, placing it in the top 19.8%.
Is Dell Technologies' 10-Year ROIIC % too high?
Dell Technologies' current 10-Year ROIIC % is 22.59. The Hardware industry median 10-Year ROIIC % is 4.12. Dell Technologies' value of 22.59 is 448.3% above this industry median. Based on the distribution chart, Dell Technologies ranks #428 out of 2167 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' 10-Year ROIIC % compare to SNDK and STX?
According to the Hardware industry distribution chart, Dell Technologies ranks #428 out of 2167 companies for 10-Year ROIIC %. This places Dell Technologies in the top 20% of its industry — outperforming the majority of peers. The industry median 10-Year ROIIC % is 4.12. Dell Technologies' value of 22.59 is 448.3% 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 10-Year ROIIC % for a Hardware company?
The median 10-Year ROIIC % among Hardware companies is 4.12, based on 2,167 companies in the industry. Companies in the top quartile (top 25%) have a 10-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 10-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dell Technologies's current 10-Year ROIIC % of 22.59 is 448.3% 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 10-Year ROIIC % mean?
A high 10-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 10-Year ROIIC % measures the change in earnings as a percentage of change in investment over 10-year. View historical data on Dell Technologies and its competitors. For the Hardware industry, the median 10-Year ROIIC % is 4.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dell Technologies's current 10-Year ROIIC % is 22.59. 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 10-Year ROIIC % of 22.59. 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 10-Year ROIIC % is 22.59 and 448.3% above the Hardware industry median of 4.12. 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 10-Year ROIIC % calculated?
10-Year ROIIC % is calculated from a company's financial statements. For Dell Technologies (XSWX:DELL), the current 10-Year ROIIC % is 22.59 as of Jan. 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:
10-Year ROIIC %: 22.59
GF Value™: CHF158.33 vs. price of CHF370.00 (133.7% above fair value)
Industry Position: 448.3% above the Hardware median (#428 of 2167)
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
10-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSWX:DELL has been successfully added to your 
