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WESTERN DIGITAL CORP WDC

Nasdaq · stock · Computer Storage Devices · website · IPO 1980-03-17 · LEI

WESTERN DIGITAL CORP statistics & valuation

Market cap$234.8B
P / E24.9×
P / S18.2×
P / B26.5×
P / FCF66.9×
Dividend yield0.07%
Net margin72.9%
Return on equity106.3%
FCF margin27.2%
Net cash$527.0M
Net debt / EBITDA-0.1×
Enterprise value USD$234.2B
EV / EBITDA48.5×
Earnings yield EBIT/EV1.9%
Return on capital46.3%
Graham number -75.4%$112.44

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($112.44); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
2.10% 3.30% -4.60% -1.50% 4.90% 8.20% -26.90% -12.60% 19.80% 72.90% 2017201820192020202120222023202420252026
Gross margin (%)
31.80% 37.30% 22.60% 22.60% 26.70% 31.30% 22.20% 28.10% 38.80% 48.90% 2017201820192020202120222023202420252026
Operating margin (%)
10.20% 17.50% 0.50% 2.00% 7.20% 12.70% -8.80% -6.40% 24.50% 34.50% 2017201820192020202120222023202420252026
Return on equity (%)
3.50% 5.90% -7.60% -2.60% 7.60% 12.50% -15.40% -7.40% 35.60% 106.30% 2017201820192020202120222023202420252026
Shares outstanding
296.0M 307.0M 295.0M 302.0M 309.0M 316.0M 322.0M 343.0M 359.0M 383.0M 2017201820192020202120222023202420252026
Net debt ($)
$6.80B $6.17B $7.07B $6.53B $5.36B $4.70B $5.05B $5.88B $2.60B -$527.0M 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
1.30% 2.30% -2.90% -1.00% 3.10% 5.90% -6.90% -3.30% 13.50% 68.00% 2017201820192020202120222023202420252026
Free cash flow margin (%)
15.00% 16.30% 4.00% 1.10% 4.40% 4.00% -19.60% -12.40% 13.40% 27.20% 2017201820192020202120222023202420252026
Debt / equity (×)
1.15× 0.97× 1.06× 1.00× 0.81× 0.57× 0.64× 0.69× 0.89× 0.12× 2017201820192020202120222023202420252026
EPS ($)
$1.34 $2.20 -$2.58 -$0.84 $2.66 $4.89 -$5.37 -$2.61 $5.12 $24.28 2017201820192020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

WESTERN DIGITAL CORP trades at about 18.8× earnings — near its 10-year norm (10-year range 7.6×–48×, median 18.5×).

7.6× 48×

Shaded band = 10-year range (7.6×–48×); dot = today's 18.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin48.9%38.8%28.1%22.2%31.3%26.7%22.6%22.6%37.3%31.8%
Operating margin34.5%24.5%-6.4%-8.8%12.7%7.2%2.0%0.5%17.5%10.2%
Net margin72.9%19.8%-12.6%-26.9%8.2%4.9%-1.5%-4.6%3.3%2.1%
FCF margin27.2%13.4%-12.4%-19.6%4.0%4.4%1.1%4.0%16.3%15.0%
Return on assets68.0%13.5%-3.3%-6.9%5.9%3.1%-1.0%-2.9%2.3%1.3%
Return on equity106.3%35.6%-7.4%-15.4%12.5%7.6%-2.6%-7.6%5.9%3.5%
Debt / equity0.12×0.89×0.69×0.64×0.57×0.81×1.00×1.06×0.97×1.15×
Current ratio1.331.081.321.451.812.002.052.222.392.55

Computed from company filings · US · as of 2026-07-03. Facts plus Stocktoria's own computed scores — not investment advice.