Super Micro Computer, Inc. (SMCI) Financial Ratios
21 years of historical data (2005–2025) · Technology · Computer Hardware
EV/EBITDA
↑
13.71
↓-33% vs avg
5yr avg: 20.43
30Y Low5.7·High41.5
P/FCF
↓
11.99
↓-51% vs avg
5yr avg: 24.37
30Y Low4.2·High118.6
P/B Ratio
↑
3.06
↓-40% 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 18.3x earnings, 9% below its 5-year average of 20.1x, sitting at the 53rd percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a discount of 37%. On a free-cash-flow basis, the stock trades at 12.0x P/FCF, 51% 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 | $18.4B | $30.8B | $51.5B | $15.0B | $2.3B | $1.9B | $1.5B | $1.0B | $1.2B | $1.3B | $1.3B |
| Enterprise Value | $18.0B | $30.4B | $52.0B | $14.9B | $2.6B | $1.8B | $1.3B | $779M | $1.2B | $1.3B | $1.2B |
| P/E Ratio → | 18.25 | 29.17 | 48.77 | 12.40 | 3.54 | 6.64 | 17.75 | 13.86 | 26.63 | 19.00 | 17.79 |
| P/S Ratio | 0.84 | 1.40 | 3.44 | 2.11 | 0.44 | 0.53 | 0.45 | 0.29 | 0.37 | 0.51 | 0.58 |
| P/B Ratio | 3.06 | 4.89 | 9.50 | 7.61 | 1.59 | 1.72 | 1.41 | 1.07 | 1.47 | 1.60 | 1.79 |
| P/FCF | 11.99 | 20.10 | — | 23.95 | — | 29.06 | — | 4.22 | 20.76 | — | 17.47 |
| P/OCF | 11.07 | 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 13.7x EBITDA, 33% below its 5-year average of 20.4x. The Technology sector median is 16.7x, placing the stock at a 18% 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 | 13.71 | 23.19 | 41.55 | 18.67 | 7.07 | 11.66 | 11.78 | 6.41 | 10.61 | 11.93 | 9.98 |
| EV / EBIT | 14.34 | 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 (24% 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 1.1% to shareholders annually primarily through share buybacks. The earnings yield of 5.5% (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 | 5.5% | 3.4% | 2.1% | 8.1% | 28.2% | 15.1% | 5.6% | 7.2% | 3.8% | 5.3% | 5.6% |
| FCF Yield | 8.3% | 5.0% | — | 4.2% | — | 3.4% | — | 23.7% | 4.8% | — | 5.7% |
| Buyback Yield | 1.1% | 0.6% | 0.0% | 1.0% | 0.0% | 6.9% | 0.0% | 0.0% | 0.0% | 1.4% | 0.0% |
| Total Shareholder Yield | 1.1% | 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 | $18B | 18.3 | 13.7 | 12.0 | 11.1% | 5.7% | 17.9% | 15.9% | 3.6 |
 HPE | $63B | -1063.0 | 18.5 | 100.1 | 28.8% | 4.8% | 0.2% | 3.4% | 5.5 |
 DELL | $272B | 47.2 | 25.5 | 31.8 | 20.0% | 7.4% | — | 34.2% | 2.7 |
 NTAP | $32B | 25.1 | 16.1 | 16.9 | 70.7% | 24.5% | 106.7% | 124.4% | 1.3 |
 PSTG | $28B | 183.4 | 106.1 | 46.3 | 70.4% | 3.1% | 13.0% | 10.7% | 0.8 |
 WDFC | $5B | 34.0 | 40.9 | 54.4 | 55.1% | 16.7% | 36.5% | 26.2% | 0.9 |
 ZBRA | $11B | 28.8 | 14.1 | 13.5 | 45.9% | 14.8% | 11.7% | 10.6% | 2.9 |
 SANM | $13B | 54.1 | 26.6 | 27.9 | 8.8% | 4.4% | 10.0% | 13.0% | 0.8 |
 JBL | $39B | 62.8 | 21.9 | 33.5 | 8.9% | 4.0% | 40.4% | 30.9% | 1.8 |
 CLS | $43B | 51.1 | 34.0 | 91.8 | 11.7% | 8.6% | 41.2% | 34.0% | 0.7 |
 NVDA | $5.1T | 43.0 | 38.3 | 52.8 | 71.1% | 60.4% | 101.5% | 81.8% | 0.1 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 21 years · Updated daily
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into SMCI consensus models and risk factors.
View Analysis
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
SMCI — 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 18.3x. The historical average is 19.1x. This places it at the 53th percentile of its historical range.
What is Super Micro Computer, Inc.'s EV/EBITDA?
Super Micro Computer, Inc.'s current EV/EBITDA is 13.7x. 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 18.3x. This is at the 53th 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.