Dell Technologies Inc. (DELL) P/E Ratio History
ExpensiveTrading at 66.3x vs 5Y avg 16.2x · 100th percentile · Material premium to history · Data 2020–2027
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P/E Ratio Analysis
As of September 22, 2026, Dell Technologies Inc. (DELL) trades at a price-to-earnings ratio of 66.3x, with a stock price of $575.20 and trailing twelve-month earnings per share of $17.45.
The current P/E is 309% above its 5-year average of 16.2x. Over the past five years, DELL's P/E has ranged from a low of 6.4x to a high of 25.0x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Technology sector median P/E of 30.0x, DELL trades at a 121% premium to its sector peers. The sector includes 367 companies with P/E ratios ranging from 0.0x to 199.2x.
The PEG ratio of 4.27 (P/E divided by 36% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, DELL commands a significant premium over the S&P 500 median P/E of 25.5x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our DELL DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
DELL Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
DELL P/E vs Peers
Data Center Compute and Storage peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $30B | 12.4Lowest | 2.15 | -6% | |
| $39B | 31.2 | 2.15 | +12% | |
| $28B | 183.4 | - | +0% | |
| $197B | 63.1 | 3.01 | +105% | |
| $154B | 18.1 | 0.32 | +384%Best | |
| $27B | 12.6 | 0.29Best | +94% | |
| $219B | 20.8 | 1.68 | +74% | |
| $1.0T | 232.3 | 44.96 | +165% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
DELL Historical P/E Data (2020–2027)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2027 Q2 | Jul 31 2026 | $405.37 | $17.23 | 23.5x | +73% |
| FY2027 Q1 | May 01 2026 | $210.17 | $12.59 | 16.7x | +23% |
| FY2026 Q4 | Jan 30 2026 | $114.44 | $8.72 | 13.1x | -3% |
| FY2026 Q3 | Oct 31 2025 | $162.01 | $7.50 | 21.6x | +59% |
| FY2026 Q2 | Aug 01 2025 | $127.32 | $6.80 | 18.7x | +38% |
| FY2026 Q1 | May 02 2025 | $94.59 | $6.27 | 15.1x | +11% |
| FY2025 Q4 | Jan 31 2025 | $103.60 | $6.27 | 16.5x | +22% |
| FY2025 Q3 | Nov 01 2024 | $130.87 | $5.76 | 22.7x | +67% |
| FY2025 Q2 | Aug 02 2024 | $102.29 | $5.54 | 18.5x | +36% |
| FY2025 Q1 | May 03 2024 | $125.10 | $5.00 | 25.0x | +84% |
| FY2024 Q4 | Jan 31 2024 | $82.88 | $4.42 | 18.8x | +38% |
| FY2024 Q3 | Nov 03 2023 | $69.51 | $3.62 | 19.2x | +41% |
| FY2024 Q2 | Aug 04 2023 | $53.24 | $2.59 | 20.6x | +51% |
| FY2024 Q1 | May 05 2023 | $45.39 | $2.64 | 17.2x | +27% |
| FY2023 Q4 | - | $40.62 | $3.22 | 12.6x | -7% |
| FY2023 Q3 | Oct 28 2022 | $39.16 | $2.38 | 16.4x | +21% |
| FY2023 Q2 | Jul 29 2022 | $45.06 | $6.92 | 6.5x | -52% |
| FY2023 Q1 | Apr 29 2022 | $47.01 | $7.29 | 6.4x | -53% |
| FY2022 Q4 | Jan 31 2022 | $56.81 | $7.05 | 8.1x | -41% |
| FY2022 Q3 | Oct 29 2021 | $55.72 | $8.62 | 6.5x | -52% |
| FY2022 Q2 | Jul 30 2021 | $48.95 | $4.83 | 10.1x | -25% |
| FY2022 Q1 | Apr 30 2021 | $49.81 | $5.15 | 9.7x | -29% |
| FY2021 Q4 | Jan 31 2021 | $36.92 | $4.21 | 8.8x | -35% |
| FY2021 Q3 | Oct 30 2020 | $30.53 | $3.18 | 9.6x | -29% |
| FY2021 Q2 | Jul 31 2020 | $30.31 | $2.76 | 11.0x | -19% |
| FY2021 Q1 | May 01 2020 | $20.26 | $5.86 | 3.5x | -75% |
| FY2020 Q4 | Jan 31 2020 | $24.71 | $6.05 | 4.1x | -70% |
| FY2020 Q3 | Nov 01 2019 | $26.97 | $5.09 | 5.3x | -61% |
| FY2020 Q2 | Aug 02 2019 | $26.55 | $3.21 | 8.3x | -39% |
Average P/E for displayed period: 13.6x
DELL Chart Terminal
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Live Breakouts Feed
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DELL Stock Analysis
Bull/bear thesis, analyst target revisions, and earnings execution.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
6+ years return with dividends reinvested.
Peer Comparison
Compare growth, multiples, and margins vs sector.
DELL — Frequently Asked Questions
Quick answers to the most common questions about buying DELL stock.
What is DELL's P/E ratio?
Dell Technologies Inc. (DELL) trailing twelve-month P/E ratio is 66.3x, based on TTM diluted EPS of $17.45. The 5-year average P/E is 16.2x and the historical range spans 6.4x to 25.0x.
Is DELL stock overvalued or undervalued?
DELL trades at 66.3x P/E, above its 5-year average of 16.2x. The 100th percentile ranking within the 6.4x–25.0x historical range indicates a premium to historical valuation.
Is DELL stock expensive?
Yes, DELL is expensive relative to its own history. The current P/E of 66.3x is above the 5-year average of 16.2x and also above the Technology sector median of 30.0x. The stock sits at the 100th percentile of its 5-year valuation range.
What is DELL's historical P/E range?
Over the past 5 years, DELL's P/E ratio has ranged from 6.4x to 25.0x, with a median of 17.2x and an average of 16.2x. The current P/E of 66.3x places the stock at the 100th percentile of this range. Full historical data spans 2020–2027.
How does DELL's P/E compare to the S&P 500?
DELL trades at 66.3x P/E versus the S&P 500 median of 25.5x. The 160% premium to the market typically reflects higher expected earnings growth or quality.
How does DELL's valuation compare to Technology peers?
Dell Technologies Inc. P/E of 66.3x compares to the Technology sector median of 30.0x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is DELL's PEG ratio?
DELL PEG ratio is 4.27, based on a P/E of 66.3x and EPS growth of 36.1%. A PEG above 2.0 indicates a premium valuation relative to earnings growth — typically considered expensive.
What is DELL's earnings yield?
DELL earnings yield is 1.51%, the inverse of its 66.3x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.