Question 1

What is Dell Technologies's P/B ratio?

Accepted Answer

Dell Technologies (DELL) P/B ratio is 4.6× as of March 23, 2022. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Dell Technologies?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Dell Technologies specifically, the relevant sector benchmark is the current sector median of 6.0×.

Question 5

Is Dell Technologies's P/B ratio high or low?

Accepted Answer

Dell Technologies's P/B ratio of 4.6× is below its own 5-year average of 6.3× and below the sector median of 6.0×. That places the current reading at the 8th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Dell Technologies's historical P/B ratio range?

Accepted Answer

In the available daily series, Dell Technologies (DELL) P/B ratio has ranged from a low of 0.7× in 2016 to a high of 117.6× in 2020. The 5-year average is 6.3× and the 5-year median is 6.3×.

Question 7

What was Dell Technologies's P/B ratio in 2021?

Accepted Answer

Dell Technologies (DELL) P/B ratio at the end of 2021 was 9.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Dell Technologies's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2026	$74.59B	−$2.47B	—	—	Jan 30, 2026
2025	$72.12B	−$1.48B	—	—	Jan 31, 2025
2024	$59.10B	−$2.23B	—	—	Jan 31, 2024
2023	$29.08B	−$3.12B	—	—	Jan 31, 2023
2022	$43.35B	−$1.69B	—	—	Jan 31, 2022
2021	$28.09B	$2.95B	9.5×	—	Jan 31, 2021
2020	$18.14B	−$945.00M	—	—	Jan 31, 2020
2019	$17.69B	−$4.57B	—	—	Jan 31, 2019
2018	$15.43B	$12.10B	1.3×	+0.3×	Jan 31, 2018
2017	$13.81B	$13.47B	1.0×	-4.5×	Jan 31, 2017
2016	$8.67B	$1.57B	5.5×	—	Jan 31, 2016
2015	$4.88B	—	—	—	Jan 31, 2015


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P/B Ratio for Dell Technologies (DELL)

P/B Ratio daily chart for Dell Technologies (DELL)

Historical P/B Ratio for Dell Technologies (DELL) from 2015 to 2026

About P/B Ratio at Dell Technologies (DELL)

Dell Technologies P/B Ratio by Year

Dell Technologies P/B Ratio 2021: 9.5×

Dell Technologies P/B Ratio 2018: 1.3×

Dell Technologies P/B Ratio 2017: 1.0×

Dell Technologies P/B Ratio 2016: 5.5×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Dell Technologies (DELL) Key Financials

P/B Ratio daily chart for Dell Technologies (DELL)

Historical P/B Ratio for Dell Technologies (DELL) from 2015 to 2026

About P/B Ratio at Dell Technologies (DELL)

Dell Technologies P/B Ratio by Year

Dell Technologies P/B Ratio 2021: 9.5×

Dell Technologies P/B Ratio 2018: 1.3×

Dell Technologies P/B Ratio 2017: 1.0×

Dell Technologies P/B Ratio 2016: 5.5×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Dell Technologies's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for Dell Technologies?

+Is Dell Technologies's P/B ratio high or low?

+What is Dell Technologies's historical P/B ratio range?

+What was Dell Technologies's P/B ratio in 2021?

+Why does Dell Technologies's P/B ratio change over time?

Dell Technologies (DELL) Key Financials