Smith Micro Software, Inc. (SMSI) P/E Ratio History
Deep ValueTrading at -0.8x · 0th percentile of 5-year range · Significant discount to historical valuation · Data 1997–2020
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P/E Ratio Analysis
As of November 8, 2026, Smith Micro Software, Inc. (SMSI) trades at a price-to-earnings ratio of -0.8x, with a stock price of $2.25 and trailing twelve-month earnings per share of $-3.00.
The current P/E is 100% below its 5-year average of 504.9x. Over the past five years, SMSI's P/E has ranged from a low of 12.9x to a high of 1844.7x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Technology sector median P/E of 24.9x, SMSI trades at a 103% discount to its sector peers. The sector includes 329 companies with P/E ratios ranging from 0.0x to 185.0x.
Relative to the broader market, SMSI trades at a notable discount to the S&P 500 median P/E of 21.8x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our SMSI DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
SMSI Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
SMSI P/E vs Peers
Consumer Utility Apps peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $15B | 69.7 | 3.24 | +3% | |
| $7B | 32.6 | 1.68 | +17% | |
| $148B | 11.3Lowest | - | +104% | |
| $191B | 11.6 | - | -2% | |
| $174B | 15.4 | 0.52Best | +1% | |
| $174B | 13.0 | 1.30 | +153%Best | |
| $34B | 17.4 | 1.53 | - | |
| $44B | 50.5 | - | -52% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
SMSI Historical P/E Data (1997–2020)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2020 Q4 | - | $216.80 | $3.90 | 55.6x | -91% |
| FY2020 Q3 | Sep 30 2020 | $149.20 | $6.85 | 21.8x | -96% |
| FY2020 Q2 | - | $178.40 | $10.30 | 17.3x | -97% |
| FY2020 Q1 | - | $168.40 | $13.10 | 12.9x | -98% |
| FY2019 Q4 | - | $159.20 | $11.12 | 14.3x | -98% |
| FY2019 Q3 | Sep 30 2019 | $217.40 | $11.57 | 18.8x | -97% |
| FY2019 Q2 | Jun 30 2019 | $121.60 | $6.42 | 18.9x | -97% |
| FY2011 Q1 | - | $1497.60 | $1.70 | 880.9x | +50% |
| FY2010 Q4 | Dec 31 2010 | $2518.40 | $7.10 | 354.7x | -40% |
| FY2010 Q3 | - | $1590.40 | $4.50 | 353.4x | -40% |
| FY2010 Q2 | Jun 30 2010 | $1521.60 | $3.90 | 390.2x | -34% |
| FY2010 Q1 | Mar 31 2010 | $1414.40 | $3.70 | 382.3x | -35% |
| FY2009 Q4 | - | $1464.00 | $2.90 | 504.8x | -14% |
| FY2009 Q3 | Sep 30 2009 | $1977.60 | $3.05 | 648.4x | +10% |
| FY2009 Q2 | - | $1568.00 | $0.85 | 1844.7x | +214% |
| FY2008 Q2 | Jun 30 2008 | $912.00 | $0.52 | 1758.9x | +200% |
| FY2008 Q1 | Mar 31 2008 | $979.20 | $0.82 | 1192.7x | +103% |
| FY2007 Q4 | Dec 31 2007 | $1355.20 | $2.23 | 607.8x | +4% |
| FY2007 Q3 | Sep 30 2007 | $2569.60 | $4.30 | 597.6x | +2% |
| FY2007 Q2 | Jun 30 2007 | $2409.60 | $5.70 | 422.7x | -28% |
| FY2007 Q1 | Mar 31 2007 | $2980.80 | $6.30 | 473.1x | -19% |
| FY2006 Q4 | Dec 31 2006 | $2270.40 | $6.50 | 349.3x | -41% |
| FY2006 Q3 | Sep 30 2006 | $2300.80 | $6.00 | 383.5x | -35% |
| FY2006 Q2 | Jun 30 2006 | $2563.20 | $5.80 | 441.9x | -25% |
| FY2006 Q1 | Mar 31 2006 | $1966.40 | $5.60 | 351.1x | -40% |
| FY2005 Q4 | Dec 31 2005 | $936.00 | $4.07 | 230.0x | -61% |
| FY2005 Q3 | Sep 30 2005 | $1073.60 | $3.72 | 288.6x | -51% |
| FY2005 Q2 | - | $700.80 | $3.32 | 211.1x | -64% |
| FY2005 Q1 | - | $782.40 | $3.52 | 222.3x | -62% |
| FY2004 Q4 | Dec 31 2004 | $1432.00 | $3.85 | 371.9x | -37% |
| FY2004 Q3 | - | $600.00 | $1.82 | 330.0x | -44% |
| FY2004 Q2 | Jun 30 2004 | $304.00 | $0.07 | 4470.6x | +662% |
| FY2003 Q2 | Jun 30 2003 | $473.60 | $0.34 | 1395.0x | +138% |
| FY1997 Q1 | Mar 31 1997 | $480.00 | $1.40 | 342.9x | -42% |
Average P/E for displayed period: 587.1x
SMSI Chart Terminal
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Live Breakouts Feed
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
29+ years return with dividends reinvested.
Peer Comparison
Compare growth, multiples, and margins vs sector.
SMSI — Frequently Asked Questions
Quick answers to the most common questions about buying SMSI stock.
What is SMSI's P/E ratio?
Smith Micro Software, Inc. (SMSI) trailing twelve-month P/E ratio is -0.8x, based on TTM diluted EPS of $-3.00. The 5-year average P/E is 504.9x and the historical range spans 12.9x to 1844.7x.
Is SMSI stock overvalued or undervalued?
SMSI trades at -0.8x P/E, below its 5-year average of 504.9x. At the 0th percentile of its historical range (12.9x–1844.7x), the stock is priced at a discount to its own history.
Is SMSI stock expensive?
No, SMSI is not expensive on a historical basis. The current P/E of -0.8x is below the 5-year average of 504.9x and sits at the 0th percentile of its valuation range.
What is SMSI's historical P/E range?
Over the past 5 years, SMSI's P/E ratio has ranged from 12.9x to 1844.7x, with a median of 390.2x and an average of 504.9x. The current P/E of -0.8x places the stock at the 0th percentile of this range. Full historical data spans 1997–2020.
How does SMSI's P/E compare to the S&P 500?
SMSI trades at -0.8x P/E versus the S&P 500 median of 21.8x. The 104% discount to the market suggests lower growth expectations or perceived higher risk.
How does SMSI's valuation compare to Technology peers?
Smith Micro Software, Inc. P/E of -0.8x compares to the Technology sector median of 24.9x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is SMSI's PEG ratio?
SMSI PEG ratio is N/A, based on a P/E of -0.8x and EPS growth of 62.9%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is SMSI's earnings yield?
SMSI earnings yield is N/A, the inverse of its -0.8x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.