What is Dell Technologies Inc. (DELL) DCF Fair Value and Intrinsic Value in 2026?

Dell Technologies Inc. (DELL) intrinsic value is calculated using conservative multi-stage Discounted Cash Flow (DCF) models, 5-year free cash flow trajectories, Graham Numbers, and owner earnings multiples. LocalAlpha tracks real-time margin of safety against live market prices.

What is Dell Technologies Inc.'s historical Return on Invested Capital (ROIC) and Moat Rating?

Dell Technologies Inc. operates in the Technology sector (Computer Hardware) with an economic moat rating of NONE. LocalAlpha tracks 5-year audited quarterly ROIC, operating margin stability, and balance sheet solvency ratios.

What is Dell Technologies Inc.'s financial health rating and Piotroski F-Score?

Dell Technologies Inc.'s balance sheet quality is evaluated using the 9-point Piotroski F-Score, Altman Z-Score solvency model, debt-to-equity ratio, and quick/current liquidity coverage to guard against financial distress.

How does LocalAlpha monitor Dell Technologies Inc. (DELL) for quarterly SEC filing thesis breaks?

LocalAlpha audits Dell Technologies Inc.'s 10-K, 10-Q, and 8-K regulatory filings on SEC EDGAR within 15 minutes of release. If reported metrics breach an investor's custom ROIC floor, operating margin boundary, or qualitative risk criteria, an autonomous breach audit is dispatched immediately.

StocksDELL

DELL

Dell Technologies Inc.Technology / Computer HardwareINTACT

Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG) segments. The ISG segment provides modern and traditional storage solutions, including all-flash, purpose-built, hyper-converged infrastructure, software-defined storage, and general-purpose and AI-optimized servers. This segment also offers networking products and services comprising wide area network infrastructure, data center and edge networking switches, and cables and optics that help its business customers to transform and modernize their infrastructure and complementing its server and storage solutions; and software, peripherals, and services, including consulting and support, and deployment. The CSG segment provides notebooks, desktops, and workstations and branded peripherals that include displays, docking stations, keyboards, mice, webcam and audio devices, and third-party software and peripherals; and configuration, and extended warranties services. The company is involved in originating, collecting, and servicing customer financing arrangements and offers payment and consumption solutions and services, such utility, subscription, as-a-service, leases, and loans, as well as fixed-term leases and loans. It serves enterprises, governmental agencies and other public institutions, educational institutions, healthcare organizations, small and medium-sized businesses, and consumers. The company has a strategic alliance with Rafay Systems for the development of AI infrastructure solutions. The company was formerly known as Denali Holding Inc. and changed its name to Dell Technologies Inc. in March 2013. Dell Technologies Inc. was founded in 1984 and is headquartered in Round Rock, Texas.

Share Price

$567.29

52W: $110.22 - $567.75

DCF Fair Value

$298.72

-89.9% Premium

Thesis Hub

P/E (TTM)

33x

ROIC

Operating Margin

12%

FCF Yield

1.7%

Debt / Equity

0.65x

Piotroski Score

7/9

Altman Z-Score

3.54

Market Cap

$360.7B

Price vs. Intrinsic Value Corridor

Overvalued vs DCF ($298.72)

Historical market price overlaid against conservative DCF Fair Value & Benjamin Graham Margin of Safety bands.

Period Return (1Y)

—()

Period Range

$— - $—

DCF Fair Value

$298.72

MOS Buy Target (-25%)

$224.04

Valuation Overlays: DCF Fair Value ($298.72) 25% MOS Buy Target ($224.04) Revised Graham ($275.44)

2-Stage Discounted Cash Flow (DCF) Workbench

Conservative intrinsic value model based on owner cash generation over a 10-year investment horizon. Opens with LocalAlpha's baseline assumptions (matching the fair value shown above) — adjust any input to stress-test.

Current Market Price

$567.29

DCF Fair Value

$299.18

-89.6% Premium

Starting Free Cash Flow ($M)$6,033M

$100M$6,033M (Reported)$50,000M

Stage 1 Growth (Years 1-5)6.0%

-5%10% (Target)35%

Stage 2 Growth (Years 6-10)4.5%

0%5%20%

Discount Rate (WACC / Hurdle)9.0%

6%9% (Standard)15% (High Risk)

Terminal Perpetual Growth2.5%

1% (GDP Floor)2.5% (Inflation)4.0%

Net Debt ($M)$23,700M

-$100B CashBalance Sheet+$150B Debt

10-Yr PV of Cash Flows

$50.9B

PV of Terminal Value

$67.0B

Implied Enterprise Value

$117.9B

Implied Equity Value

$94.2B

Year	Yr 1	Yr 2	Yr 3	Yr 4	Yr 5	Yr 6	Yr 7	Yr 8	Yr 9	Yr 10
Projected FCF ($M)	$6,395	$6,779	$7,185	$7,617	$8,074	$8,437	$8,816	$9,213	$9,628	$10,061
Present Value (PV)	$5,867	$5,705	$5,548	$5,396	$5,247	$5,031	$4,823	$4,624	$4,433	$4,250

Benjamin Graham & Buffett Value Models

Classical deep value metrics based on asset backing, normalized earnings power, and owner cash yield.

Graham Number

N/A

Calculated as √(22.5 × EPS × BVPS). The maximum theoretical price a defensive investor should pay based purely on asset book value and current earnings.

Not calculable here: the formula takes a square root of EPS × book value, so it breaks down when trailing earnings (or book value) are negative. A company losing money has no defensive-investor price under Graham's classic test — lean on the DCF and solvency scores instead.

EPS: $17.17BVPS: $-2.21

Revised Graham Formula-106% Premium

$275.44

Formula: V = (EPS × (8.5 + 2g) × 4.4) / Y where g is the conservative 7-10 yr growth rate and Y is AAA Bond Yield.

Growth Rate (g%)

Bond Yield (Y%)

Buffett Owner Earnings3.2% Yield

$18.19 / share

True distributable cash flow: Net Income + D&A - Maintenance CapEx. Reflects the cash Buffett would extract without hurting unit volume.

Total: $5.7BYield: 3.2%

Reverse DCF: Market Growth Expectation

FAIR BARRIER

10.8% CAGR (Next 10 Yrs)

At the current price of $567.29, the market is assuming the business will compound Free Cash Flow at 10.8% per year for the next decade with a 9% hurdle rate.

Value Investor Verdict

ℹ Fair expectations: Requires steady execution.

Autonomous Thesis Underwriting

Surveil DELL with Mathematical Margin of Safety Rules

Set non-negotiable floor rules for Dell Technologies Inc.. If a newly filed quarterly 10-Q breaks your ROIC floor, operating margin boundary, or balance sheet leverage rules, receive an autonomous breach audit within 15 minutes.

Buffett Quality

ROIC > 15% • Margin > 15% • D/E < 0.5x

Margin Floor Guard

Current Margin 12% • Floor > 10%

Solvency Guard

Altman-Z > 2.6 • Current Ratio > 1.5x

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Frequently Asked Questions: Dell Technologies Inc. (DELL) Intrinsic Valuation

Audited fundamentals, DCF intrinsic value sensitivity, and thesis break detection parameters for Dell Technologies Inc..

Based on institutional multi-stage Discounted Cash Flow (DCF) modeling on audited SEC cash flows, Dell Technologies Inc. has an estimated DCF intrinsic fair value of $298.72 per share compared to its current market price of $567.29. This represents an estimated 89.9% premium over fair value. Additionally, its classic Benjamin Graham Number stands at $N/A.