DELL vs HON: Which Is the Better Buy?
Side-by-side comparison of Dell Technologies Inc. and Honeywell International Inc. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-09-26.
Dell Technologies Inc. · Technology
$569.00
-32.5% upside to fair value
Low Conviction
Grade C
VS
Honeywell International Inc. · Industrials
$212.55
-8.5% upside to fair value
Med Conviction
Grade C
QuantHub Verdict
HON has more upside to fair value
(-8.5%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
DELL |
HON |
| Current Price |
$569.00 |
$212.55 |
| Fair Value Estimate |
$383.93 |
$194.50 |
| Upside to Fair Value |
-32.5%
|
-8.5%
|
| Market Cap |
$378.0B |
$67.4B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
21.8x
|
7.4x
|
| Price / Sales |
2.5x
|
1.9x
|
| Price / FCF |
42.9x
|
16.4x
|
| Revenue Growth YoY |
+57.7%
|
-6.1%
|
| Gross Margin |
19.8%
|
36.6%
|
| Operating Margin |
9.6%
|
14.1%
|
| Return on Equity |
-574.6%
|
41.7%
|
| Dividend Yield |
0.41% |
2.09% |
| FCF Yield |
2.33%
|
6.11%
|
| Analyst Consensus |
Buy
|
Buy
|
Investment Thesis
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%,…
Honeywell International Inc. is a 101,000-employee diversified industrial technology and manufacturing conglomerate, led by CEO Vimal Kapur, spanning Aerospace, Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. Business quality is solid but not exceptional: the company carries a durable intangible-asset and switching-cost moat in aerospace avion…
Accumulation Zones
| Metric |
DELL |
HON |
| Zone Low |
$287.95 |
$145.88 |
| Zone High |
$326.34 |
$165.32 |
| In Buy Zone? |
No
|
No
|