Dell Technologies (DELL) valuation
Dell Technologies P/E ratio history
Dell Technologies trades at 24.7 times its earnings over the last twelve months and 15.1 times the earnings analysts expect over the next twelve. At its last 7 fiscal year ends its P/E ranged from 7.8 (year to Jan 2022) to 18.8 (year to Feb 2024), with a median of 13.2.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Jan 30, 2026 | $114.44 | $8.68 | 13.2 | 10.3 |
| Jan 31, 2025 | $103.60 | $6.39 | 16.2 | 11.5 |
| Feb 2, 2024 | $86.32 | $4.60 | 18.8 | 12.3 |
| Feb 3, 2023 | $42.24 | $3.24 | 13.0 | 6.4 |
| Jan 28, 2022 | $56.24 | $7.21 | 7.8 | 7.7 |
| Jan 29, 2021 | $36.94 | $2.14 | 17.3 | — |
| Jan 31, 2020 | $24.72 | $3.06 | 8.1 | — |
| Feb 1, 2019 | $25.16 | — | n/m | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Dell Technologies valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| Dell TechnologiesDELL | $275B | 24.7 | 15.1 | 1.8 |
| Lam ResearchLRCX | $299B | 35.6 | 23.3 | 11.5 |
| Applied MaterialsAMAT | $310B | 33.7 | 22.9 | 10.0 |
| GE VernovaGEV | $228B | 22.6 | 36.8 | 5.2 |
| Arm HoldingsARM | $219B | 210.2 | 84.4 | 42.5 |
| Arista NetworksANET | $213B | 53.4 | 36.2 | 20.2 |
| KLAKLAC | $206B | 39.6 | 26.2 | 14.2 |
| CiscoCSCO | $412B | 31.4 | 20.3 | 6.5 |
| Marvell TechnologyMRVL | $172B | 65.0 | 34.0 | 18.2 |
| Peer median | 37.6 | 30.1 | 12.8 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: DELL financials · DELL returns
No forecast, no recommendation. This page describes Dell Technologies from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.