Dell Technologies Inc. (NYSE:DELL)

The financial data reveals several notable trends over the examined periods. The share price exhibited considerable volatility, with an initial decline from $58.69 in 2019 to $38.75 in 2020, followed by a sharp increase to $88.99 in 2021. This peak was succeeded by another drop to $53.51 in 2022 and further decline to $39.86 in 2023. However, substantial recovery occurred in 2024 with a rise to $113, before slightly decreasing to $98.86 in 2025.

The book value per share (BVPS) was consistently negative throughout most of the periods, indicating the company’s liabilities exceeded its assets on a per-share basis. It improved slightly from -8.02 in 2019 to -2.13 in 2020 and achieved a positive value of 3.25 in 2021, suggesting an improvement in net asset value in that year. Subsequently, BVPS reverted to negative values from 2022 (-2.22) through 2025 (-2.12), showing fluctuations but no sustained positive trend after 2021.

Price-to-Book Value (P/BV) ratio data is incomplete, with a single recorded value of 27.38, which occurred in 2021. This extraordinarily high ratio indicates that the market price was significantly above the book value per share during that year, reflecting strong market optimism or expectations relative to the company's net asset base.

Share Price Trend

Marked by volatility with alternating periods of increase and decline, culminating in a high in 2024.

Book Value per Share Trend

Generally negative throughout, with a brief positive interlude in 2021, indicating variability in the company’s net asset position per share.

Price-to-Book Value Ratio

Limited data available; the single observed high ratio in 2021 suggests a significant premium of market price over book value during that year.