Price to Operating Profit (P/OP)
since 2019
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Dell Technologies Inc. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Geographic Areas
- Enterprise Value (EV)
- Enterprise Value to FCFF (EV/FCFF)
- Return on Assets (ROA) since 2019
- Current Ratio since 2019
- Total Asset Turnover since 2019
- Price to Sales (P/S) since 2019
- Analysis of Debt
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Calculation
Dell Technologies Inc., P/OP, long-term trends, calculation
| P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Operating income (loss)1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 25, 2025 | = | ÷ | = | ÷ | |||||||
| Mar 25, 2024 | = | ÷ | = | ÷ | |||||||
| Mar 30, 2023 | = | ÷ | = | ÷ | |||||||
| Mar 24, 2022 | = | ÷ | = | ÷ | |||||||
| Mar 26, 2021 | = | ÷ | = | ÷ | |||||||
| Mar 27, 2020 | = | ÷ | = | ÷ | |||||||
| Mar 29, 2019 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Dell Technologies Inc. Annual Report.
The financial data of Dell Technologies Inc. over the specified periods reveal several noteworthy trends and fluctuations.
- Share Price
- The share price exhibited significant volatility across the years. Starting at $58.69 in 2019, it declined sharply to $38.75 in 2020. A strong recovery to $88.99 occurred in 2021, followed by a decline to $53.51 in 2022 and further reduction to $39.86 in 2023. A striking increase to $113 was noted in 2024, before a moderate decrease to $98.86 in 2025. This pattern suggests periods of substantial market optimism and pessimism, reflecting external or company-specific influences.
- Operating Profit per Share (OPPS)
- The operating profit per share showed a robust upward trend overall. From a negative value of -$0.27 in 2019, it increased significantly to $3.55 in 2020, and continued to rise to $6.74 in 2021. Slight fluctuations occurred with $6.13 in 2022, improving to $7.89 in 2023, a minor dip to $7.3 in 2024, and a peak of $8.94 projected for 2025. This trajectory indicates improving operational efficiency and profitability on a per-share basis, with consistent growth despite minor setbacks.
- Price-to-Operating Profit Ratio (P/OP)
- The P/OP ratio, reflecting the valuation relative to operating earnings per share, displayed variability. It was not available in 2019 but reached 10.93 in 2020 and rose slightly to 13.19 in 2021. A marked decrease to 8.73 in 2022, and further decline to 5.05 in 2023, implies increasing operating profit relative to share price or market undervaluation during those years. However, this trend reversed in 2024 and 2025 with ratios of 15.48 and 11.06 respectively, indicating increased share price valuations or comparatively lower operating profit gains during those periods.
Overall, the data indicate improving operational performance as evidenced by rising operating profit per share, alongside significant fluctuations in share price and valuation multiples. These figures suggest an evolving market perception, potential cyclical influences, and shifts in investor sentiment over the analyzed periods.
Comparison to Competitors
Dell Technologies Inc., P/OP, long-term trends, comparison to competitors
| Dell Technologies Inc. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|
| Mar 25, 2025 | |||||
| Mar 25, 2024 | |||||
| Mar 30, 2023 | |||||
| Mar 24, 2022 | |||||
| Mar 26, 2021 | |||||
| Mar 27, 2020 | |||||
| Mar 29, 2019 |
Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01).