Stock Analysis on Net

Super Micro Computer Inc. (NASDAQ:SMCI)

$24.99

Price to Book Value (P/BV)
since 2007

Microsoft Excel

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Calculation

Super Micro Computer Inc., P/BV, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Super Micro Computer Inc. Annual Report.


Share Price Trends
The share price exhibited moderate fluctuations from 2007 to 2016, beginning at $0.84 in 2007 and generally remaining below $3 per share during this period. Notable growth began post-2016, accelerating significantly after 2021. The share price surged from $6.93 in 2022 to $25.52 in early 2025, reaching a peak of $45.54 later in 2025 before slightly easing to $43.97. This pattern indicates a period of rapid investor confidence and possible company expansion or improved profitability in recent years.
Book Value Per Share (BVPS) Patterns
The BVPS showed a consistent upward trend throughout the entire timeframe, increasing from $0.38 in 2007 to $10.60 in August 2025. This steady growth suggests continuous accumulation of net assets and retention of earnings over time, reflecting a strong fundamental financial position and growth in shareholder equity.
Price-to-Book Value (P/BV) Ratio Analysis
The P/BV ratio started relatively high at 2.2 in 2007, then declined to levels around or below 1.6 through the early 2010s, pointing to a valuation close to or just above book value. In the mid-2010s, it ranged between 1.2 and 2.5, indicating reasonable market valuation relative to company assets. However, a dramatic increase occurred in the early 2020s, peaking at 6.85 and remaining elevated above 4 in the latest reported periods. This surge suggests that the market price significantly outpaced the book value, reflecting heightened investor optimism, potentially driven by improved earnings prospects, market position, or expectations for future growth.
Overall Financial Trends
The data indicates a company undergoing a sustained improvement in fundamental value as evidenced by rising book value per share. The market valuation remained moderate relative to book value during the earlier years, implying a conservative investor sentiment or steady performance. The sharp share price increase combined with elevated P/BV ratios in recent years points to renewed investor enthusiasm and possibly transformational changes impacting growth expectations. The slight decline in share price towards the last measurement could suggest a minor correction after rapid appreciation.

Comparison to Competitors

Super Micro Computer Inc., P/BV, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30).


Comparison to Sector (Technology Hardware & Equipment)

Super Micro Computer Inc., P/BV, long-term trends, comparison to sector (technology hardware & equipment)

Microsoft Excel

Based on: 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30).


Comparison to Industry (Information Technology)

Super Micro Computer Inc., P/BV, long-term trends, comparison to industry (information technology)

Microsoft Excel

Based on: 10-K (reporting date: 2025-06-30), 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30), 10-K (reporting date: 2016-06-30), 10-K (reporting date: 2015-06-30), 10-K (reporting date: 2014-06-30), 10-K (reporting date: 2013-06-30), 10-K (reporting date: 2012-06-30), 10-K (reporting date: 2011-06-30), 10-K (reporting date: 2010-06-30), 10-K (reporting date: 2009-06-30), 10-K (reporting date: 2008-06-30), 10-K (reporting date: 2007-06-30).