Valuation
26% of the score
59median 53
Dell Technologies is valued at 22x its operating profit, including debt: a rich multiple.
60x
50x
35x
25x
18x
12x
8x
22x
Full points at 8x or less, none from 60xfull points
DELLDell Technologies
$457.37+206% 1Y
$457.37
$110.7352 weeks$589.66
RyuScore
Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
RyuScore 64 out of 100, Above average
Today's price. Only valuation depends on it.
Above average. Dell Technologies scores higher than 65% of the 2,231 companies Ryufin scores.
Carried by return on new capital and capital allocation, held back by cycle position.
Technology median 46 · all companies 55
How the score has moved
At each fiscal year end, from the reports and price of the time51
63
69
60
65
73
64
202120222023202420252026today
The biggest move was up 12 points from 2021 to 2022, mostly capital allocation.
Return on capital
18% of the score
53median 24
Over 7 years the business earned 9.6% a year after tax on the capital it uses.
2%
8%
15%
25%
9.6%
None at 2% or less, full points from 25%full points
7 years agolatest 19%
Return on new capital
16% of the score
87median 33
For every dollar of operating profit earned over 6 years, yearly profit grew by 10 cents. It did so while using less capital than before.
-5%
12%
9.8%
None at minus 5 cents, full points from 12 centsfull points
Capital allocation
14% of the score
95median 63
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countDown 2.3% a year over 5 years: buybacks
915%
-3%
-2.3%
0 pointsfull points
Assets against salesAssets grew -3.9% a year, sales 5.5%
10012%
-2%
-9.4%
0 pointsfull points
Cycle position
12% of the score
9median 63
Today's operating margin of 9.4% is 1.83x its normal 5.1%: near a peak, where margins tend to fall back. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.
2x
1.5x
1x
0.7x
1.8x
A trough earns points, a peak costs themfull points
10 years agonow 9.4%
Balance sheet
8% of the score
74median 50
What the debt weighs against the profit that has to carry it.
Net debt to EBITDA1.4x a year of EBITDA
774.5x
0.5x
1.4x
0 pointsfull points
Interest coverOperating profit covers interest 9x
711.5x
12x
8.9x
0 pointsfull points
Earnings quality
6% of the score
81median 90
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
Cash against profitOperating cash flow was 1.75x profit over 3 years
1000.7x
1x
1.3x
1.8x
0 pointsfull points
AccrualsCash ran ahead of profit by 5.8% of assets
898%
0%
-8%
-5.8%
0 pointsfull points
Beneish M-score-2.15
54-1.50
-1.78
-2.22
-3.00
-2.15
0 pointsfull points
How the RyuScore works
Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.
Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-07-31, latest annual report FY2026.
Computer Hardware
The closest names by size in the same industry