ADBE vs DELL: Which Is the Better Buy?
Side-by-side comparison of Adobe Inc. and Dell Technologies Inc. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-09-23.
Adobe Inc. · Technology
$238.25
+13.5% upside to fair value
Med Conviction
Grade B
High Quality
VS
Dell Technologies Inc. · Technology
$569.00
-32.5% upside to fair value
Low Conviction
Grade C
QuantHub Verdict
ADBE has more upside to fair value
(+13.5%).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
ADBE |
DELL |
| Current Price |
$238.25 |
$569.00 |
| Fair Value Estimate |
$270.38 |
$383.93 |
| Upside to Fair Value |
+13.5%
|
-32.5%
|
| Market Cap |
$94.7B |
$378.0B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
9.5x
|
21.8x
|
| Price / Sales |
3.6x
|
2.5x
|
| Price / FCF |
8.6x
|
42.9x
|
| Revenue Growth YoY |
+12.9%
|
+57.7%
|
| Gross Margin |
89.1%
|
19.8%
|
| Operating Margin |
35.7%
|
9.6%
|
| Return on Equity |
62.9%
|
-574.6%
|
| Dividend Yield |
0% |
0.41% |
| FCF Yield |
11.63%
|
2.33%
|
| Analyst Consensus |
Hold
|
Buy
|
Investment Thesis
Adobe is a global software provider organized into Digital Media, Digital Experience, and Publishing and Advertising, with Creative Cloud as its subscription flagship and Document Cloud as its cloud-native document platform. The business quality is high on fundamentals: TTM gross margin of 89.1%, TTM operating margin of 35.7%, TTM net margin of 28.0%, ROE of 62.9%, and free cash flow of $27.69 pe…
Dell Technologies is a $378 billion market-cap computer hardware vendor spanning Infrastructure Solutions Group (servers, storage, networking), Client Solutions Group (PCs, displays, peripherals), and a VMware-related software franchise, led by founder-CEO Michael Dell. The business is fundamentally low-quality on the numbers: TTM gross margin is 19.8%, operating margin 9.6%, and net margin 7.5%,…
Accumulation Zones
| Metric |
ADBE |
DELL |
| Zone Low |
$202.78 |
$287.95 |
| Zone High |
$229.82 |
$326.34 |
| In Buy Zone? |
No
|
No
|