Super Micro Computer, Inc. (SMCI) Financial Ratios
21 years of historical data (2005–2025) · Technology · Computer Hardware
EV/EBITDA
↑
15.06
↓-26% vs avg
5yr avg: 20.43
30Y Low5.7·High41.5
P/FCF
↓
13.14
↓-46% vs avg
5yr avg: 24.37
30Y Low4.2·High118.6
P/B Ratio
↑
3.35
↓-34% vs avg
5yr avg: 5.06
30Y Low1.1·High9.5
ROE
↑
17.9%
↑-25% vs avg
5yr avg: 23.9%
30Y Low6%·High44%
Debt/EBITDA
↑
3.64
↑+122% vs avg
5yr avg: 1.64
30Y Low0.2·High3.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SMCI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Super Micro Computer, Inc. trades at 20.0x earnings, roughly in line with its 5-year average of 20.1x, sitting at the 63rd percentile of its historical range. Compared to the Technology sector median P/E of 27.7x, the stock trades at a discount of 28%. On a free-cash-flow basis, the stock trades at 13.1x P/FCF, 46% below the 5-year average of 24.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $20.1B | $30.8B | $51.5B | $15.0B | $2.3B | $1.9B | $1.5B | $1.0B | $1.2B | $1.3B | $1.3B |
| Enterprise Value | $19.7B | $30.4B | $52.0B | $14.9B | $2.6B | $1.8B | $1.3B | $779M | $1.2B | $1.3B | $1.2B |
| P/E Ratio → | 20.01 | 29.17 | 48.77 | 12.40 | 3.54 | 6.64 | 17.75 | 13.86 | 26.63 | 19.00 | 17.79 |
| P/S Ratio | 0.92 | 1.40 | 3.44 | 2.11 | 0.44 | 0.53 | 0.45 | 0.29 | 0.37 | 0.51 | 0.58 |
| P/B Ratio | 3.35 | 4.89 | 9.50 | 7.61 | 1.59 | 1.72 | 1.41 | 1.07 | 1.47 | 1.60 | 1.79 |
| P/FCF | 13.14 | 20.10 | — | 23.95 | — | 29.06 | — | 4.22 | 20.76 | — | 17.47 |
| P/OCF | 12.13 | 18.56 | — | 22.62 | — | 15.35 | — | 3.82 | 14.65 | — | 11.95 |
P/E links to full P/E history page with 30-year chart
SMCI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Super Micro Computer, Inc.'s enterprise value stands at 15.1x EBITDA, 26% below its 5-year average of 20.4x. The Technology sector median is 17.5x, placing the stock at a 14% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.38 | 3.47 | 2.09 | 0.50 | 0.50 | 0.40 | 0.22 | 0.37 | 0.53 | 0.54 |
| EV / EBITDA | 15.06 | 23.19 | 41.55 | 18.67 | 7.07 | 11.66 | 11.78 | 6.41 | 10.61 | 11.93 | 9.98 |
| EV / EBIT | 15.76 | 23.91 | 42.16 | 19.43 | 7.62 | 14.65 | 15.44 | 8.09 | 13.17 | 14.18 | 11.06 |
| EV / FCF | — | 19.84 | — | 23.71 | — | 27.32 | — | 3.28 | 20.78 | — | 16.32 |
SMCI Profitability
Margins and return-on-capital ratios measuring operating efficiency
Super Micro Computer, Inc. earns an operating margin of 5.7%. Operating margins have compressed from 10.7% to 5.7% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 17.9% indicates solid capital efficiency. ROIC of 15.9% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 11.1% | 11.1% | 13.8% | 18.0% | 15.4% | 15.0% | 15.8% | 14.2% | 12.8% | 14.1% | 14.9% |
| Operating Margin | 5.7% | 5.7% | 8.1% | 10.7% | 6.5% | 3.5% | 2.6% | 2.8% | 2.8% | 3.8% | 4.8% |
| Net Profit Margin | 4.8% | 4.8% | 7.7% | 9.0% | 5.5% | 3.1% | 2.5% | 2.1% | 1.4% | 2.7% | 3.2% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.9% | 17.9% | 31.2% | 37.7% | 22.6% | 10.3% | 8.4% | 8.1% | 5.6% | 8.8% | 10.8% |
| ROA | 8.8% | 8.8% | 17.1% | 18.6% | 10.5% | 5.4% | 4.7% | 4.2% | 2.8% | 5.0% | 6.4% |
| ROIC | 15.9% | 15.9% | 23.4% | 31.7% | 18.3% | 9.8% | 7.9% | 9.3% | 8.4% | 9.6% | 12.9% |
| ROCE | 13.1% | 13.1% | 24.8% | 37.7% | 22.4% | 10.0% | 7.5% | 9.6% | 9.9% | 10.8% | 15.0% |
SMCI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Super Micro Computer, Inc. carries a Debt/EBITDA ratio of 3.6x, which is moderately leveraged (25% above the sector average of 2.9x). The company holds a net cash position — cash of $5.2B exceeds total debt of $4.8B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 21.3x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.76 | 0.76 | 0.40 | 0.15 | 0.44 | 0.11 | 0.05 | 0.03 | 0.14 | 0.20 | 0.13 |
| Debt / EBITDA | 3.64 | 3.64 | 1.74 | 0.36 | 1.68 | 0.78 | 0.47 | 0.19 | 1.00 | 1.45 | 0.77 |
| Net Debt / Equity | — | -0.06 | 0.09 | -0.08 | 0.25 | -0.10 | -0.15 | -0.24 | 0.00 | 0.06 | -0.12 |
| Net Debt / EBITDA | -0.30 | -0.30 | 0.41 | -0.19 | 0.96 | -0.74 | -1.37 | -1.85 | 0.01 | 0.46 | -0.71 |
| Debt / FCF | — | -0.26 | — | -0.24 | — | -1.74 | — | -0.94 | 0.01 | — | -1.15 |
| Interest Coverage | 21.34 | 21.34 | 63.74 | 72.90 | 53.52 | 48.74 | 38.94 | 14.38 | 16.41 | 40.69 | 68.38 |
Net cash position: cash ($5.2B) exceeds total debt ($4.8B)
SMCI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Super Micro Computer, Inc.'s current ratio of 5.25x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 3.25x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 2.31x to 5.25x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.25 | 5.25 | 3.81 | 2.31 | 1.91 | 1.93 | 2.25 | 2.35 | 1.89 | 2.34 | 2.58 |
| Quick Ratio | 3.25 | 3.25 | 1.96 | 1.26 | 0.86 | 0.85 | 1.05 | 1.24 | 0.83 | 1.15 | 1.34 |
| Cash Ratio | 2.20 | 2.20 | 0.71 | 0.32 | 0.18 | 0.24 | 0.30 | 0.41 | 0.14 | 0.21 | 0.50 |
| Asset Turnover | — | 1.57 | 1.53 | 1.94 | 1.62 | 1.59 | 1.74 | 2.08 | 1.90 | 1.67 | 1.91 |
| Inventory Turnover | 4.18 | 4.18 | 2.98 | 4.04 | 2.84 | 2.90 | 3.30 | 4.48 | 3.43 | 3.36 | 4.22 |
| Days Sales Outstanding | — | 36.84 | 66.95 | 60.26 | 60.34 | 57.84 | 54.70 | 49.71 | 59.13 | 59.14 | 40.42 |
SMCI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Super Micro Computer, Inc. returns 1.0% to shareholders annually primarily through share buybacks. The earnings yield of 5.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.0% | 3.4% | 2.1% | 8.1% | 28.2% | 15.1% | 5.6% | 7.2% | 3.8% | 5.3% | 5.6% |
| FCF Yield | 7.6% | 5.0% | — | 4.2% | — | 3.4% | — | 23.7% | 4.8% | — | 5.7% |
| Buyback Yield | 1.0% | 0.6% | 0.0% | 1.0% | 0.0% | 6.9% | 0.0% | 0.0% | 0.0% | 1.4% | 0.0% |
| Total Shareholder Yield | 1.0% | 0.6% | 0.0% | 1.0% | 0.0% | 6.9% | 0.0% | 0.0% | 0.0% | 1.4% | 0.0% |
| Shares Outstanding | — | $628M | $628M | $602M | $560M | $536M | $528M | $517M | $522M | $517M | $518M |
Peer Comparison
Compare SMCI with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 SMCIYou | $20B | 20.0 | 15.1 | 13.1 | 11.1% | 5.7% | 17.9% | 15.9% | 3.6 |
 HPE | $39B | -665.9 | 12.8 | 62.9 | 28.8% | 4.8% | 0.2% | 3.5% | 5.1 |
 DELL | $77B | — | 11.9 | — | 20.0% | 7.2% | — | 33.0% | 3.9 |
 NTAP | $22B | 19.9 | 14.6 | 16.7 | 70.2% | 20.3% | 108.5% | 54.4% | 2.2 |
 PSTG | $22B | 142.5 | 81.3 | 35.7 | 70.4% | 3.1% | 13.7% | 10.3% | 0.8 |
 WDFC | $4B | 31.4 | 37.8 | 50.2 | 55.1% | 16.7% | 36.5% | 26.2% | 0.9 |
 ZBRA | $11B | 27.9 | 14.1 | 13.5 | 45.9% | 14.8% | 11.7% | 10.6% | 2.9 |
 SANM | $13B | 53.2 | 26.1 | 27.4 | 8.8% | 4.4% | 10.0% | 13.0% | 0.8 |
 JBL | $38B | 59.1 | 21.0 | 32.1 | 8.9% | 4.0% | 40.4% | 30.9% | 1.8 |
 CLS | $44B | 52.8 | 35.2 | 95.0 | 11.7% | 8.6% | 41.2% | 34.0% | 0.7 |
 NVDA | $5.1T | 43.2 | 38.6 | 53.2 | 71.1% | 60.4% | 101.5% | 81.8% | 0.1 |
| Technology Median | — | 27.7 | 17.5 | 19.2 | 48.5% | -0.6% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Side-by-side business, growth, and profitability comparison vs Hewlett Packard Enterprise Company.
Start ComparisonSMCI — Frequently Asked Questions
Quick answers to the most common questions about buying SMCI stock.
What is Super Micro Computer, Inc.'s P/E ratio?
Super Micro Computer, Inc.'s current P/E ratio is 20.0x. The historical average is 19.1x. This places it at the 63th percentile of its historical range.
What is Super Micro Computer, Inc.'s EV/EBITDA?
Super Micro Computer, Inc.'s current EV/EBITDA is 15.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.9x.
What is Super Micro Computer, Inc.'s ROE?
Super Micro Computer, Inc.'s return on equity (ROE) is 17.9%. The historical average is 17.0%.
Is SMCI stock overvalued?
Based on historical data, Super Micro Computer, Inc. is trading at a P/E of 20.0x. This is at the 63th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Super Micro Computer, Inc.'s profit margins?
Super Micro Computer, Inc. has 11.1% gross margin and 5.7% operating margin.
How much debt does Super Micro Computer, Inc. have?
Super Micro Computer, Inc.'s Debt/EBITDA ratio is 3.6x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.