The Dispatch • Est. 2026— — —
NASDAQ · Technology · Fiscal year endsFY ends July

Western Digital Corp

WDC
$347.28+8.69 (+2.57%)Today
52-week low $132.43high $799.87
56.6% below its 52-week high
Next earningsJan 27, 2027
What’s priced in

The growth today’s price assumes

To justify today’s price, free cash flow has to grow about 12.7% a year for 10 years.

That takes it from $4.3B over the four quarters to October 2026 to about $14.2B in year 10, growing 3.0% a year after that, against a market value of $130.0B.

Years of growth

How it works: today’s market value is treated as the present value of all the free cash flow the company will ever produce, discounted at the required return. The calculator finds the yearly growth over the chosen years, followed by steady growth for good, that makes the two equal. It is arithmetic on today’s price, not a forecast, and it doesn’t say what the stock is worth.

Yields

Cash, earnings and repurchases against market value

Trailing four quarters to October 2026
Free cash flow yield3.3%Free cash flow over the trailing four quarters ÷ market value
Earnings yield7.7%Net income over the trailing four quarters ÷ market value
Buyback yield2.3%Shares repurchased over the trailing four quarters ÷ market value
10-year Treasury4.91%For scale. U.S. Treasury yield curve, Nov 2, 2026
Against its own history

Today’s multiples against past quarter-ends

Each quarter-end since December 2016
P/E13.0×Today
Low 6.3×Median 17.0×High 104.9×

Lower than at 67% of quarter-ends since December 2016. Median 17.0× across 24 quarter-ends. 16 quarter-ends with a loss over the trailing year have no P/E and are left out.

Market value ÷ net income over the trailing four quarters.

EV/sales—Today

No EV/sales today: it needs debt, cash and revenue as of the latest quarter, and the latest filing doesn't give all three in a standard form.

Low 0.7×Median 1.3×High 24.6×

Median 1.3× across 37 quarter-ends.

Market value plus debt minus cash, ÷ revenue over the trailing four quarters.

Free cash flow yield3.3%Today
Low -14.9%Median 3.2%High 26.6%

Higher than at 50% of quarter-ends since December 2016. Median 3.2% across 40 quarter-ends.

Free cash flow over the trailing four quarters ÷ market value.

Peers

The same figures for similar companies

Today
CompanyMarket valueP/EEV/salesFree cash flow yieldRevenue growth
Western Digital WDC$130.0B13.0×—3.3%+43.0%
Apple AAPL$4.82T36.5×10.1×2.8%+15.1%
Dell Technologies DELL$249.7B21.9×1.8×3.4%+49.0%
Sandisk SNDK$159.3B8.2×—10.9%+272.4%
Hewlett Packard Enterprise HPE$71.8B25.7×2.1×5.8%+26.6%
Everpure P$39.8B157.0×—0.3%+27.2%
NetApp NTAP$37.6B26.5×5.2×4.4%+12.2%

Peers as listed by Finnhub, U.S. filers only, capped at six. Each figure is worked out the same way as Western Digital Corp’s, from that company’s own filings and current price.

Market value: today's price × the Oct 15, 2026 share count on the cover of Western Digital Corp's latest filing, checked against Finnhub's count.

Trailing figures: the four quarters to October 2026, from Western Digital Corp's 10-Q and 10-K filings with the SEC. Free cash flow is operating cash flow minus capital expenditure, calculated by The Dispatch.

History: each quarter-end’s closing price × the share count stated in that quarter’s filing, with stock splits accounted for. Enterprise value is market value plus debt minus cash and equivalents, all as of the same date. Debt is long-term debt as filed; quarterly filings often state only the part due after the coming year, so a quarter’s figure can be slightly lower than a year-end’s. Prices from Twelve Data.