DELL vs PANW: Which Is the Better Buy?
Side-by-side comparison of Dell Technologies Inc. and Palo Alto Networks, 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
Palo Alto Networks, Inc. · Technology
$374.74
-5.2% upside to fair value
Med Conviction
Grade C
High Quality
QuantHub Verdict
PANW has more upside to fair value
(-5.2%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
DELL |
PANW |
| Current Price |
$569.00 |
$374.74 |
| Fair Value Estimate |
$383.93 |
$355.11 |
| Upside to Fair Value |
-32.5%
|
-5.2%
|
| Market Cap |
$378.0B |
$305.4B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
21.8x
|
569.8x
|
| Price / Sales |
2.5x
|
26.6x
|
| Price / FCF |
42.9x
|
64.0x
|
| Revenue Growth YoY |
+57.7%
|
+34.4%
|
| Gross Margin |
19.8%
|
70.4%
|
| Operating Margin |
9.6%
|
6.1%
|
| Return on Equity |
-574.6%
|
1.7%
|
| Dividend Yield |
0.41% |
0% |
| FCF Yield |
2.33%
|
1.56%
|
| 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%,…
Palo Alto Networks is a global cybersecurity leader built around next-generation firewalls, the Panorama management platform, and a broad subscription portfolio spanning threat prevention, cloud security, secure access, and security analytics, sold to medium and large enterprises, service providers, and governments through direct and channel distribution. The business quality is genuinely high on…
Accumulation Zones
| Metric |
DELL |
PANW |
| Zone Low |
$287.95 |
$266.33 |
| Zone High |
$326.34 |
$301.84 |
| In Buy Zone? |
No
|
No
|