Western Digital Corporation (WDC) Key Metrics
WDC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $124.28B
- Enterprise value
- $170.26B
- P/E (TTM)
- 12.3 10-yr median 23.1
- Forward P/E
- 22.8
- PEG ratio
- 0.90
- Price / sales
- 9.6 10-yr median 1.0
- Price / book
- 19.3 10-yr median 1.6
- EV / EBITDA
- 16.3 10-yr median 8.9
- Dividend yield
- 0.18% $0.60 a year
- Beta
- 2.17
WDC key metrics, FY2017–FY2026
Fiscal year ended June 30, 2026 · U.S. dollarsWDC valuation Price multiples at each fiscal year-end price.
WDC returns How much profit the business earns on the capital it uses.
WDC per-share figures Results divided by the shares outstanding at year-end.
WDC financial health Debt, liquidity and how easily interest is covered.
WDC efficiency & capital use Working capital cycle and where the cash goes.
WDC valuation history
WDC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
WDC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
WDC cash returned to shareholders
WDC price vs earnings per share
WDC key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $244.63B | $22.97B | $18.67B | $9.12B | $10.71B | $16.62B | $9.94B | $10.49B | $17.96B | $19.82B |
| Enterprise value | $244.10B | $25.59B | $24.94B | $15.57B | $15.44B | $21.98B | $16.47B | $17.56B | $24.13B | $26.62B |
| P/E ratio | 26.0 | 12.3 | — | — | 6.9 | 20.2 | — | — | 26.6 | 49.9 |
| Price / sales | 18.9 | 2.4 | 3.0 | 1.5 | 0.6 | 1.0 | 0.6 | 0.6 | 0.9 | 1.0 |
| Price / book | 27.6 | 4.3 | 1.7 | 0.8 | 0.9 | 1.6 | 1.0 | 1.1 | 1.6 | 1.7 |
| Price / free cash flow | 69.7 | 17.9 | — | — | 13.9 | 18.6 | 56.2 | 13.3 | 5.3 | 6.9 |
| Price / operating cash flow | 62.3 | 13.6 | — | — | 5.7 | 8.8 | 12.1 | 6.8 | 4.3 | 5.8 |
| EV / sales | 18.9 | 2.7 | 3.9 | 2.5 | 0.8 | 1.3 | 1.0 | 1.1 | 1.2 | 1.4 |
| EV / EBITDA | 23.7 | 13.2 | 102.6 | 53.9 | 4.5 | 8.9 | 8.5 | 8.8 | 5.0 | 7.1 |
| EV / free cash flow | 69.5 | 19.9 | — | — | 20.0 | 24.6 | 93.1 | 22.2 | 7.1 | 9.2 |
| Earnings yield | 3.9% | 8.1% | −4.3% | −18.5% | 14.4% | 4.9% | −2.5% | −7.2% | 3.8% | 2.0% |
| Free cash flow yield | 1.4% | 5.6% | −4.2% | −13.3% | 7.2% | 5.4% | 1.8% | 7.5% | 18.9% | 14.5% |
| Dividend yield | 0.1% | 0.2% | 0.0% | 0.9% | 0.8% | 0.1% | 6.0% | 5.6% | 3.3% | 2.9% |
| Shareholder yield (dividends + buybacks) | 1.1% | 0.8% | 0.0% | 1.8% | 1.7% | 0.5% | 7.4% | 10.9% | 6.6% | 3.5% |
| Share price at fiscal year-end | $638.72 | $63.99 | $57.27 | $28.67 | $33.89 | $53.79 | $33.37 | $35.94 | $58.51 | $66.97 |
| Per share | ||||||||||
| Revenue per share | $33.73 | $26.52 | $19.38 | $19.67 | $59.47 | $54.76 | $56.16 | $56.74 | $67.25 | $64.50 |
| Earnings per share | $24.61 | $5.18 | −$2.45 | −$5.30 | $4.89 | $2.66 | −$0.84 | −$2.58 | $2.20 | $1.34 |
| Operating cash flow per share | $10.26 | $4.71 | −$0.90 | −$1.28 | $5.95 | $6.14 | $2.77 | $5.30 | $13.70 | $11.61 |
| Free cash flow per share | $9.17 | $3.58 | −$2.40 | −$3.82 | $2.45 | $2.90 | $0.59 | $2.71 | $11.06 | $9.73 |
| Cash per share | $4.12 | $6.87 | $4.76 | $6.36 | $7.36 | $10.91 | $10.23 | $11.83 | $16.30 | $21.47 |
| Book value per share | $23.14 | $14.79 | $33.18 | $34.48 | $38.67 | $34.70 | $32.05 | $34.13 | $37.56 | $38.57 |
| Tangible book value per share | $11.66 | $2.56 | $19.71 | $2.66 | $6.22 | $0.69 | −$4.89 | −$6.23 | −$3.99 | −$8.17 |
| Dividends per share | $0.48 | $0.12 | $0.00 | $0.25 | $0.28 | $0.07 | $2.00 | $2.00 | $1.93 | $1.94 |
| Capex per share | $1.09 | $1.13 | $1.49 | $2.54 | $3.50 | $3.25 | $2.17 | $2.59 | $2.64 | $1.88 |
| Debt per share | $2.75 | $14.15 | $24.00 | $26.65 | $22.35 | $28.24 | $32.13 | $36.03 | $36.39 | $44.43 |
| Shares outstanding | 383.0M | 359.0M | 326.0M | 318.0M | 316.0M | 309.0M | 298.0M | 292.0M | 307.0M | 296.0M |
| Change in shares outstanding | +6.7% | +10.1% | +2.5% | +0.6% | +2.3% | +3.7% | +2.1% | −4.9% | +3.7% | +22.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 133.0% | 23.1% | −7.3% | −14.5% | 13.5% | 8.1% | −2.6% | −7.0% | 5.9% | 3.5% |
| Return on invested capital (ROIC) | 52.1% | 18.7% | −1.8% | −2.5% | 10.3% | 6.7% | 1.6% | 0.4% | 10.1% | 5.3% |
| Return on assets (ROA) | 67.6% | 9.7% | −3.3% | −6.6% | 5.9% | 3.2% | −1.0% | −2.7% | 2.3% | 1.3% |
| Return on tangible assets | 99.6% | 19.4% | −4.0% | −11.7% | 9.7% | 5.3% | −1.7% | −5.2% | 4.1% | 2.5% |
| Free cash flow margin | 27.2% | 13.5% | −12.4% | −19.4% | 4.1% | 5.3% | 1.1% | 4.8% | 16.4% | 15.1% |
| Income quality (OCF / net income) | 0.42 | 0.91 | — | — | 1.22 | 2.31 | — | — | 6.23 | 8.66 |
| Financial health | ||||||||||
| Total debt | $1.05B | $5.08B | $7.82B | $8.47B | $7.06B | $8.72B | $9.57B | $10.52B | $11.17B | $13.15B |
| Cash & short-term investments | $1.58B | $2.47B | $1.55B | $2.02B | $2.33B | $3.37B | $3.05B | $3.46B | $5.00B | $6.35B |
| Net debt | −$527.0M | $2.61B | $6.27B | $6.45B | $4.74B | $5.36B | $6.53B | $7.07B | $6.17B | $6.80B |
| Debt / equity | 0.12 | 0.96 | 0.72 | 0.77 | 0.58 | 0.81 | 1.00 | 1.06 | 0.97 | 1.15 |
| Debt / assets | 0.08 | 0.36 | 0.32 | 0.35 | 0.27 | 0.33 | 0.37 | 0.40 | 0.38 | 0.44 |
| Net debt / EBITDA | −0.05 | 1.35 | 25.81 | 22.32 | 1.39 | 2.17 | 3.38 | 3.54 | 1.28 | 1.82 |
| Current ratio | 1.33 | 1.08 | 1.32 | 1.45 | 2.07 | 2.00 | 2.05 | 2.22 | 2.39 | 2.55 |
| Quick ratio | 0.97 | 0.84 | 1.10 | 0.77 | 1.28 | 1.26 | 1.36 | 1.36 | 1.73 | 2.01 |
| Interest coverage | 32.0 | 6.5 | -1.0 | -1.8 | 7.9 | 3.7 | 0.8 | 0.2 | 5.4 | 2.3 |
| Working capital | $1.39B | $438.0M | $1.97B | $2.45B | $4.90B | $4.89B | $4.64B | $4.66B | $6.18B | $6.71B |
| Invested capital | $8.34B | $7.92B | $17.09B | $17.41B | $16.96B | $16.08B | $16.08B | $17.03B | $17.70B | $18.21B |
| Tangible asset value | $4.47B | $920.0M | $6.43B | $847.0M | $1.97B | $213.0M | −$1.46B | −$1.82B | −$1.22B | −$2.42B |
| Net current asset value | $637.0M | −$2.83B | −$5.31B | −$5.70B | −$4.58B | −$5.65B | −$7.06B | −$7.93B | −$7.07B | −$7.39B |
| Graham number | $113.19 | $41.54 | — | — | $65.25 | $45.54 | — | — | $43.11 | $34.12 |
| Graham net-net per share | −$2.98 | −$12.43 | −$31.30 | −$26.77 | −$24.65 | −$27.64 | −$32.70 | −$35.63 | −$31.20 | −$31.95 |
| Capital allocation | ||||||||||
| Dividends paid | $184.0M | $44.0M | $0 | $80.0M | $90.0M | $22.0M | $595.0M | $584.0M | $593.0M | $574.0M |
| Share buybacks (net) | $2.59B | $149.0M | $5.0M | $80.0M | $90.0M | $56.0M | $141.0M | $563.0M | $591.0M | $124.0M |
| Dividend payout ratio | 2.0% | 2.4% | — | — | 5.8% | 2.7% | — | — | 87.9% | 144.6% |
| Dividends + buybacks / free cash flow | 79.1% | 15.0% | — | — | 23.3% | 8.7% | 415.8% | 145.2% | 34.9% | 24.2% |
| Capex / revenue | 3.2% | 4.3% | 7.7% | 12.9% | 5.9% | 5.9% | 3.9% | 4.6% | 3.9% | 2.9% |
| Capex / operating cash flow | 10.6% | 24.1% | — | — | 58.9% | 52.8% | 78.5% | 48.9% | 19.2% | 16.2% |
| Capex / depreciation | 1.11 | 0.90 | 0.86 | 0.97 | 1.19 | 0.83 | 0.41 | 0.42 | 0.39 | 0.26 |
| Stock-based compensation / revenue | 1.6% | 2.8% | 4.7% | 5.1% | 1.7% | 1.9% | 1.8% | 1.8% | 1.8% | 2.1% |
| R&D / revenue | 9.0% | 10.4% | 15.0% | 15.8% | 12.4% | 13.3% | 13.5% | 13.2% | 11.6% | 12.8% |
| SG&A / revenue | 4.3% | 5.6% | 12.9% | 15.5% | 5.9% | 6.5% | 6.9% | 7.9% | 7.1% | 7.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 49.6 | 52.1 | 81.7 | 128.4 | 49.1 | 50.0 | 39.1 | 37.5 | 36.6 | 32.6 |
| Days of inventory on hand | 77.4 | 83.9 | 204.2 | 275.3 | 102.5 | 98.4 | 89.5 | 88.7 | 74.5 | 62.7 |
| Days payables outstanding | 84.0 | 72.6 | 106.0 | 142.8 | 64.3 | 68.9 | 59.9 | 63.0 | 68.7 | 61.8 |
| Cash conversion cycle (days) | 43.0 | 63.3 | 180.0 | 260.8 | 87.3 | 79.5 | 68.7 | 63.2 | 42.4 | 33.5 |
| Receivables turnover | 7.36 | 7.01 | 4.47 | 2.84 | 7.43 | 7.30 | 9.34 | 9.74 | 9.96 | 11.20 |
| Payables turnover | 4.35 | 5.02 | 3.44 | 2.56 | 5.67 | 5.30 | 6.10 | 5.80 | 5.31 | 5.91 |
| Inventory turnover | 4.72 | 4.35 | 1.79 | 1.33 | 3.56 | 3.71 | 4.08 | 4.12 | 4.90 | 5.83 |
| Asset turnover | 0.93 | 0.50 | 0.26 | 0.25 | 0.72 | 0.65 | 0.64 | 0.60 | 0.70 | 0.61 |
| Average receivables | $1.76B | $1.36B | $1.41B | $2.20B | $2.53B | $2.32B | $1.79B | $1.70B | $2.07B | $1.70B |
| Average payables | $1.52B | $1.16B | $1.32B | $1.90B | $2.28B | $2.34B | $2.12B | $2.21B | $2.44B | $2.20B |
| Average inventory | $1.40B | $1.34B | $2.54B | $3.67B | $3.63B | $3.34B | $3.18B | $3.11B | $2.64B | $2.23B |
| Intangibles / total assets | 31.7% | 31.4% | 18.2% | 41.2% | 39.0% | 40.2% | 42.9% | 44.7% | 43.6% | 46.3% |
Computed from WDC's annual financial statements (latest annual report filed August 14, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
WDC valuation and financial ratios
At the end of fiscal 2026 (June 30, 2026), Western Digital traded at 26.0 times earnings, against a 10-year median of 23.1. Based on the latest twelve months, the trailing P/E is 12.3 and the forward P/E is 22.8. Western Digital earned a return on equity of 133.0% and a return on invested capital of 52.1% in fiscal 2026. It ended the year with $1.1 billion of debt and $1.6 billion in cash and short-term investments, a net cash position of $527.0 million. It returned $2.8 billion to shareholders: $184.0 million in dividends and $2.6 billion in share buybacks, 79% of free cash flow. The share count rose 29.4% from 296.0M to 383.0M over 9 years.
See the WDC income statement, the WDC chart for price history, or the WDC stock overview for the latest quote and news.
WDC key metrics FAQ
What is Western Digital's P/E ratio?
Western Digital's trailing P/E ratio is 12.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 22.8. At the end of fiscal 2026 it was 26.0, compared with a 10-year median of 23.1.
What is Western Digital's EV/EBITDA?
Western Digital's enterprise value was 23.7 times EBITDA at the end of fiscal 2026 (enterprise value $244.1 billion, EBITDA $10.3 billion); the current EV/EBITDA is 16.3.
What is Western Digital's return on equity?
Western Digital's return on equity (ROE) was 133.0% in fiscal 2026: net income of $9.4 billion on average shareholders' equity of $7.1 billion. ROE is high partly because years of buybacks have reduced equity on the balance sheet.
What is Western Digital's ROIC?
Western Digital's return on invested capital was 52.1% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Western Digital have?
Western Digital had total debt of $1.1 billion at the end of fiscal 2026, a debt-to-equity ratio of 0.12 and more cash than debt.
What is Western Digital's dividend yield?
Western Digital's forward dividend yield is 0.18%. Western Digital paid $184.0 million in dividends in fiscal 2026 ($0.48 per share), a payout ratio of 2.0%.
Does Western Digital buy back its shares?
Yes. Western Digital spent $2.6 billion on net share repurchases in fiscal 2026 Shares outstanding changed +6.7% over the year, to 383.0M..
What is Western Digital's free cash flow yield?
Western Digital generated $3.5 billion of free cash flow in fiscal 2026, a free cash flow yield of 1.4% on its market value at year-end ($244.6 billion).
What is Western Digital's current ratio?
Western Digital's current ratio was 1.33 at the end of fiscal 2026: current assets were 1.33 times current liabilities.