Using the industry peer median P/E multiple (trailing + forward), Seagate Technology Holdings plc (STX) has a fair value of $176.99 based on 6 comparable companies in the Computer Hardware industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Seagate Technology Holdings plcSTX | 82,866 | 56.4x | 29.5x |
| Arista Networks, Inc.ANET | 156,032 | 45.1x | 43.0x |
| Dell Technologies Inc.DELL | 119,398 | 20.9x | 17.7x |
| Western Digital CorporationWDC | 93,307 | 53.8x | 31.0x |
| NetApp, Inc.NTAP | 20,860 | 18.6x | 16.3x |
| HP Inc.HPQ | 17,841 | 7.3x | 6.2x |
| Super Micro Computer, Inc.SMCI | 13,189 | 13.1x | 10.5x |
| Industry Median | 19.7x | 17.0x | |
| (*) Profit after tax | 1,469 | 2,811 | |
| Equity Value | 29,001 | 47,815 | |
| (/) Outstanding shares | 217 | 217 | |
| Fair Price | $134 | $220 | |
This P/E relative valuation uses the industry peer median Price-to-Earnings ratio to estimate fair value. Both trailing (last 12 months) and forward (next fiscal year analyst estimates) P/E multiples are computed independently.
The industry median trailing P/E is applied to the company's TTM net income, and the forward P/E to analyst-estimated net income. Each produces an equity value divided by shares outstanding to yield a fair price per share. The selected fair value is the average of the trailing and forward legs.