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 2026-04-18.
Dell Technologies Inc. · Technology
$196.55
+154.3% upside to fair value
Grade B
VS
Honeywell International Inc. · Industrials
$235.04
-9.9% upside to fair value
Med Conviction
Grade B
QuantHub Verdict
DELL has more upside to fair value
(+154.3%).
DELL trades at a lower forward P/E
(21.6x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
DELL |
HON |
| Current Price |
$196.55 |
$235.04 |
| Fair Value Estimate |
$499.84 |
$211.73 |
| Upside to Fair Value |
+154.3%
|
-9.9%
|
| Market Cap |
$132.7B |
$149.4B |
| Forward P/E |
21.6x
|
22.3x
|
| EV / EBITDA |
16.7x
|
16.9x
|
| Price / Sales |
1.2x
|
4.0x
|
| Price / FCF |
15.5x
|
27.7x
|
| Revenue Growth YoY |
+23.6%
|
-2.7%
|
| Gross Margin |
20.1%
|
36.9%
|
| Operating Margin |
7.2%
|
17.7%
|
| Return on Equity |
-218.2%
|
33.28%
|
| Dividend Yield |
0% |
1.92% |
| FCF Yield |
6.45%
|
3.61%
|
| Analyst Consensus |
Strong Buy
|
Buy
|
Investment Thesis
Dell Technologies Inc. is a leading global technology company specializing in computer hardware, servers, storage, and IT infrastructure solutions. Founded and led by Michael Dell, the company has a strong legacy in direct-to-consumer PC sales and has expanded into enterprise IT services through strategic acquisitions such as EMC. Dell's business quality is medium due to its competitive position …
Honeywell is a diversified industrial conglomerate in the final stages of a transformative three-way separation into Honeywell Aerospace, Solstice Advanced Materials, and a retained Automation entity, targeting Q3 2026 completion. The business generated 33% ROE and $5.4B in free cash flow on $37.4B revenue in FY2025, supported by a record $37B backlog with 23% organic order growth in Q4. At $235 …
Accumulation Zones
| Metric |
DELL |
HON |
| Zone Low |
$374.88 |
$158.80 |
| Zone High |
$424.86 |
$179.97 |
| In Buy Zone? |
Yes
|
No
|