DELL vs NOW: Which Is the Better Buy?
Side-by-side comparison of Dell Technologies Inc. and ServiceNow, Inc. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-07-18.
Dell Technologies Inc. · Technology
$450.22
-13.0% upside to fair value
Grade D
VS
ServiceNow, Inc. · Technology
$103.24
+45.0% upside to fair value
Grade B
High Quality
QuantHub Verdict
NOW has more upside to fair value
(+45.0%).
DELL trades at a lower forward P/E
(35.2x).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
DELL |
NOW |
| Current Price |
$450.22 |
$103.24 |
| Fair Value Estimate |
$391.48 |
$149.70 |
| Upside to Fair Value |
-13.0%
|
+45.0%
|
| Market Cap |
$299.1B |
$106.5B |
| Forward P/E |
35.2x
|
61.1x
|
| EV / EBITDA |
22.9x
|
32.9x
|
| Price / Sales |
2.2x
|
7.6x
|
| Price / FCF |
31.7x
|
23.0x
|
| Revenue Growth YoY |
+87.5%
|
+22.1%
|
| Gross Margin |
19.2%
|
76.6%
|
| Operating Margin |
8.0%
|
13.4%
|
| Return on Equity |
-363.2%
|
15.0%
|
| Dividend Yield |
0% |
0% |
| FCF Yield |
3.16%
|
4.35%
|
| Analyst Consensus |
Strong Buy
|
Strong Buy
|
Investment Thesis
Dell Technologies Inc. operates in the technology sector focusing on computer hardware, delivering strong revenue and earnings growth in the most recent quarter with 87.5% and 256.3% year-over-year increases respectively. Despite these impressive growth metrics and a solid operating margin of 8.0%, the company is currently overvalued with its stock trading 13% above the fair value estimate of $39…
ServiceNow, Inc. operates in the technology sector specializing in software applications, delivering high-quality enterprise cloud solutions with a durable competitive moat evidenced by a 15% return on equity and strong gross margins of 76.6%. The company is currently in an investing growth phase with 22.1% revenue growth in the most recent quarter, although earnings growth is modest at 2.0%. Des…
Accumulation Zones
| Metric |
DELL |
NOW |
| Zone Low |
$293.61 |
$112.27 |
| Zone High |
$332.76 |
$127.24 |
| In Buy Zone? |
No
|
Yes
|