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Dell Technologies vs Seagate Technology Holdings: Which Stock Looks Stronger in 2026?

Dell Technologies leads structurally, with valuation as the clearest single gap between the two profiles. The market setup is broadly comparable for both — no clear directional signal from price behavior. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

Valuation still does most of the heavy lifting in this comparison. The overall score gap is 12 points in favour of Dell Technologies Inc..

INDUSTRY COMPARISON

Both operate in: Computer Hardware

This comparison is based on industry proximity, not on functional trajectory similarity. DELL and STX share the same industry classification.

For a similarity-based comparison, see how Dell Technologies and Seagate Technology each position within their functional peer groups in AssetNext.

Peer-Relative Score
DELL
Dell Technologies Inc.
65
Peer-Score
Signal qualityMedium
vs
STX
Seagate Technology Holdings plc
53
Peer-Score
Signal qualityMedium

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Pricing shapes this comparison more than a broad operating gap.

Dimension spread: DELL vs STX Profitability 52 61 Stability 40 37 Valuation 83 40 Growth 80 75 DELL STX
Gap Ranking
#1 Valuation +43
#2 Profitability +9
#3 Growth +5
#4 Stability +3
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for DELL and STX Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer DELLSTX Relative valuation Structural strength

The structural gap is limited here, but current pricing still leans against Seagate Technology Holdings plc.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Valuation
Both profiles are strong on valuation, but Dell Technologies Inc. leads clearly.
Profitability
Dell Technologies Inc. holds the stronger peer position on profitability.
Valuation — Dominant Gap
DELL
83
STX
40
Gap+43in favour of DELL

The multiple-based pricing edge comes from a forward P/E that is 7.8 turns lower.

What keeps the gap from being one-sided

Profitability still favours Seagate Technology, with a 20.3-point operating margin advantage keeping the comparison from looking fully resolved.

What this means for the comparison

Valuation clearly separates the pair, while the broader read stays strong rather than one-way.

Explore full peer positioning in AssetNext

Break down the DELL vs STX comparison across all dimensions with the full interactive tool.

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Similar valuation-driven comparisons

Explore how DELL and STX each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.