Information Technology · Technology Hardware, Storage & Peripherals · US stock · price as of 16 Oct 2026
Key indicators
Price
$639.01
52-week range
$207.78 – $1,143.27
Market cap
$146.3B
P/E (trailing)
45.8×
EV / EBITDA
33.9×
Free-cash-flow yield
2.1%
Dividend yield
0.5%
Revenue (last 12 months)
$12.2B
Revenue growth (3y a year)
18.2%
Operating margin
33.6%
Return on invested capital
81.0%
Net debt / EBITDA
0.5×
Fair value
Blended fair value$237.99 range $226 – $249
Versus priceOvervalued−63% to fair value
Peer multiples
$201.63
Fundamentals-adjusted multiple
$200.39
10-year DCF (market-scaled)
$311.96
Earnings power value (floor, not blended)
$53.63
Model uncertainty
High
X-Ray Score
54/ 100 · High confidence · ahead of 59% of sector peers
Valuation28
Growth75
Profitability67
Financial health61
Dividends36
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Seagate Technology designs and manufactures data storage products, mainly hard disk drives used in data centers, personal computers, surveillance systems and consumer devices. Large cloud companies are among its important customers because they store vast amounts of data. The company earns money by selling drives, and results depend on demand for storage capacity, pricing, product mix and the success of higher capacity technologies it develops.
Revenue for the last twelve months was $12.2 billion, and it grew by 18.2% a year over three years. The operating margin is 33.6%, and return on invested capital reached 81%. Net debt to EBITDA is 0.5 times. It pays a dividend with a yield of 0.5%. These figures describe past results and say nothing certain about the future.
StocksXray gives Seagate Technology Holdings plc an X-Ray Score of 54 out of 100 (high confidence), ahead of 59% of the S&P 500 stocks in its sector. Its strongest lens is growth (75) and its weakest is valuation (28).
Our fair value blend is $237.99 (range $226.25 to $248.95). At $639.01 the stock trades 169% above that blend, so the label is "Overvalued" with high model uncertainty. Fair value is a range, not a price target.
XStocksXray
Seagate Technology Holdings plc (STX)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2022
FY2023
FY2024
FY2025
FY2026
Now
Price
$61.38
$57.65
$99.56
$140.17
$819.50
$639.01
Market cap
$13.7B
$11.9B
$21.1B
$30.4B
$187.7B
$146.3B
P/E
8.3×
–
63.0×
20.7×
59.0×
45.8×
EV / revenue
1.6×
2.2×
3.9×
3.8×
15.5×
12.2×
EV / EBITDA
7.8×
97.1×
35.5×
16.1×
43.4×
33.9×
Price / free cash flow
10.8×
19.1×
31.8×
37.2×
60.4×
47.1×
Free-cash-flow yield
9.3%
5.2%
3.1%
2.7%
1.7%
2.1%
Price / book
126.1×
–
–
–
86.6×
67.5×
Dividend yield
4,512,870.64%
4.86%
2.81%
2.04%
0.36%
0.46%
Fundamentals checklist ● 6 Good · ● 7 Average · ● 2 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−4.9%Average
Free-cash-flow yield2.1%Bad
Risk models
Altman Z score2.5×Average
Piotroski F-Score8 of 9Good
Growth
Free-cash-flow growth (3y)70.5%Good
Revenue growth (3y)18.2%Good
Growth consistency90%Average
Balance sheet
Current ratio1.7×Average
Net debt / EBITDA0.5×Average
Interest cover14.4×Average
Valuation
Fair value vs price0.4×Bad
EBIT / EV yield2.8%Average
Profitability
Return on invested capital81.0%Good
Operating margin33.6%Good
Gross profitability55.7%Good
Red flags
Heavy dilution — Share count up more than 5% year on year
XStocksXray
Seagate Technology Holdings plc (STX)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY22
FY23
FY24
FY25
FY26
LTM
Revenue
11,661
7,384
6,551
9,097
12,195
12,195
Gross profit
3,469
1,351
1,536
3,200
5,558
5,558
Operating income
1,955
-342
452
1,890
4,094
4,094
Net income
1,649
-529
335
1,469
3,184
3,184
Diluted EPS ($)
7.36
-2.56
1.58
6.77
13.90
13.96
Free cash flow
1,276
626
664
818
3,105
3,105
Gross margin
29.7%
18.3%
23.4%
35.2%
45.6%
45.6%
Operating margin
16.8%
−4.6%
6.9%
20.8%
33.6%
33.6%
Net margin
14.1%
−7.2%
5.1%
16.1%
26.1%
26.1%
Balance sheet
FY22
FY23
FY24
FY25
FY26
LTM
Total assets
8,944
7,556
7,739
8,023
9,972
9,972
Cash
615
786
1,358
891
1,704
1,704
Total debt
5,646
5,451
5,674
4,995
3,565
3,565
Equity
109
-1,199
-1,491
-453
2,167
2,167
Dividend per share ($)
2,770,000.00
2.80
2.80
2.86
2.94
2.94
Revenue and net income US$ billions: navy revenue, teal net income
Margins blue gross, teal operating, brown net
Latest quarters
Mar 2025
Jun 2025
Oct 2025
Jan 2026
Apr 2026
Jul 2026
Revenue ($M)
2,160
2,444
2,629
2,825
3,112
3,629
Growth vs a year earlier
+30.5%
+29.5%
+21.3%
+21.5%
+44.1%
+48.5%
Net income ($M)
340
488
549
593
748
1,294
Diluted EPS ($)
1.57
–
2.43
2.60
3.27
–
XStocksXray
Seagate Technology Holdings plc (STX)
Peers in Technology Hardware, Storage & Peripherals
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.