DELL vs NBIS: Which Is the Better Buy?
Side-by-side comparison of Dell Technologies Inc. and Nebius Group N.V. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-09-21.
Dell Technologies Inc. · Technology
$569.00
-32.5% upside to fair value
Low Conviction
Grade C
VS
Nebius Group N.V. · Technology
$217.99
+45.0% upside to fair value
Med Conviction
Grade B
QuantHub Verdict
NBIS has more upside to fair value
(+45.0%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
DELL |
NBIS |
| Current Price |
$569.00 |
$217.99 |
| Fair Value Estimate |
$383.93 |
$316.09 |
| Upside to Fair Value |
-32.5%
|
+45.0%
|
| Market Cap |
$378.0B |
$52.3B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
21.8x
|
56.8x
|
| Price / Sales |
2.5x
|
38.6x
|
| Price / FCF |
42.9x
|
—
|
| Revenue Growth YoY |
+57.7%
|
+454.0%
|
| Gross Margin |
19.8%
|
58.6%
|
| Operating Margin |
9.6%
|
-49.3%
|
| Return on Equity |
-574.6%
|
0.9%
|
| Dividend Yield |
0.41% |
0% |
| FCF Yield |
2.33%
|
—
|
| Analyst Consensus |
Buy
|
Strong 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%,…
Nebius Group N.V. is an Amsterdam-based AI infrastructure company, formerly Yandex N.V., that builds end-to-end GPU cloud clusters, cloud platforms and developer tools for demanding AI workloads, alongside Toloka AI data solutions, TripleTen education and Avride autonomous driving. The business is growing explosively, with revenue up 454.0% year over year in the most recent quarter, and it has de…
Accumulation Zones
| Metric |
DELL |
NBIS |
| Zone Low |
$287.95 |
$237.07 |
| Zone High |
$326.34 |
$268.68 |
| In Buy Zone? |
No
|
Yes
|