# Western Digital Corporation (WDC) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Technology Hardware, Storage & Peripherals. Price $467.46, market value $168.5 billion.

## Valuation
- **P/E (trailing): 17.4×** (5-yr avg 13.7×, 3-yr avg 17.3×). Western Digital Corporation trades at 17.4× trailing earnings, well above its own five-year average of 13.7×: investors are paying up relative to the company's past. The Technology median in the September 2026 study was 32.1×. Forward P/E is 14.7×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.04**. A PEG of 0.04 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 13.0×**. Each dollar of revenue is priced at 13.0×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 19.0×**. The shares trade at 19.0× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 34.8×**. Enterprise value is 34.8× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 2.1%** (5-yr avg -0.6%). Free cash flow equals 2.1% of the market value, above its five-year average of -0.6%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 5.8%**. The inverse of the P/E: 5.8% of the price is earned each year.

## Profitability
- **Gross margin: 48.9%**. Western Digital Corporation keeps 48.9% of revenue after the direct cost of what it sells.
- **Operating margin: 34.5%**. 34.5% of revenue is left after running the business, an exceptional level.
- **Net margin: 72.9%**. 72.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 106.3%**. A 106.3% return on equity is extremely high; check whether buybacks or debt have shrunk the equity base, which flatters the ratio.
- **Return on invested capital: 42.2%**. Return on all capital, debt included, is 42.2%: comfortably above what that capital costs.
- **Return on assets: 68.0%**. Each dollar of assets produces 68.0% of profit.

## Growth
- **Revenue growth (1 yr): 35.7%** (3-yr 27.4%/yr, 5-yr -5.3%/yr). Revenue grew 35.7% over the last year, against -5.3% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 374.2%** (5-yr 55.6%/yr). Earnings per share rose 374.2%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.12**. Debt is 0.12 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Western Digital Corporation holds more cash than debt.
- **Current ratio: 1.33** (quick 1.33). Current assets cover the next year's liabilities 1.33 times.
- **Altman Z-score: 23.24**. A Z-score of 23.24 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.13%** ($0.50 per share, trailing). Western Digital Corporation yields 0.13%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 2%** (5% of free cash flow). 2% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 1**. 1 straight year of increases.
- **Dividend growth (5 yr): -15.5%/yr**. The dividend has not grown over five years.

## Analyst view
- **Analyst consensus: buy** (24 analysts). 24 analysts cover Western Digital Corporation; the consensus is buy, with an average price target of $664.92 (+42% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 417.4%** (YTD 171.6%, 3-mo -8.6%). The shares are up 417.4% over twelve months including dividends.
- **From 52-week high: -41.6%** (404.3% above the low). Trading 42% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 48**. An RSI of 48 is neutral.
- **Beta (1 yr): 2.91** (volatility 80%). Beta of 2.91 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=WDC · Page: https://foliofundamentals.com/stocks/wdc

Not investment advice.