Price to Sales (P/S)
since 2007
Calculation
Super Micro Computer Inc., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Net sales1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 31, 2026 | 0.63 | = | 37.28 | ÷ | 59.46 | 59.46 | = | 39,063,072 | ÷ | 656,965,384 | |
| Aug 28, 2025 | 1.19 | = | 43.97 | ÷ | 36.97 | 36.97 | = | 21,972,042 | ÷ | 594,273,308 | |
| Feb 25, 2025 | 1.80 | = | 45.54 | ÷ | 25.26 | 25.26 | = | 14,989,251 | ÷ | 593,481,352 | |
| Aug 28, 2023 | 1.90 | = | 25.52 | ÷ | 13.46 | 13.46 | = | 7,123,482 | ÷ | 529,059,470 | |
| Aug 29, 2022 | 0.70 | = | 6.93 | ÷ | 9.93 | 9.93 | = | 5,196,099 | ÷ | 523,470,390 | |
| Aug 27, 2021 | 0.51 | = | 3.57 | ÷ | 7.03 | 7.03 | = | 3,557,422 | ÷ | 505,904,660 | |
| Aug 31, 2020 | 0.43 | = | 2.74 | ÷ | 6.37 | 6.37 | = | 3,339,281 | ÷ | 524,365,480 | |
| Dec 19, 2019 | 0.32 | = | 2.27 | ÷ | 6.99 | 6.99 | = | 3,500,360 | ÷ | 500,852,820 | |
| Dec 19, 2019 | 0.33 | = | 2.27 | ÷ | 6.78 | 6.78 | = | 3,360,492 | ÷ | 495,814,460 | |
| May 17, 2019 | 0.40 | = | 1.99 | ÷ | 4.98 | 4.98 | = | 2,484,929 | ÷ | 498,819,140 | |
| Aug 26, 2016 | 0.47 | = | 2.14 | ÷ | 4.55 | 4.55 | = | 2,215,573 | ÷ | 486,564,290 | |
| Sep 10, 2015 | 0.65 | = | 2.71 | ÷ | 4.19 | 4.19 | = | 1,991,155 | ÷ | 475,210,650 | |
| Sep 15, 2014 | 0.82 | = | 2.63 | ÷ | 3.21 | 3.21 | = | 1,467,202 | ÷ | 456,751,860 | |
| Sep 11, 2013 | 0.48 | = | 1.32 | ÷ | 2.72 | 2.72 | = | 1,162,561 | ÷ | 427,026,050 | |
| Sep 13, 2012 | 0.54 | = | 1.32 | ÷ | 2.43 | 2.43 | = | 1,013,874 | ÷ | 416,541,830 | |
| Sep 2, 2011 | 0.54 | = | 1.27 | ÷ | 2.34 | 2.34 | = | 942,582 | ÷ | 403,254,040 | |
| Sep 7, 2010 | 0.51 | = | 0.99 | ÷ | 1.93 | 1.93 | = | 721,438 | ÷ | 373,190,990 | |
| Aug 31, 2009 | 0.55 | = | 0.80 | ÷ | 1.45 | 1.45 | = | 505,609 | ÷ | 348,149,880 | |
| Sep 2, 2008 | 0.62 | = | 1.01 | ÷ | 1.63 | 1.63 | = | 540,503 | ÷ | 330,750,100 | |
| Aug 28, 2007 | 0.61 | = | 0.84 | ÷ | 1.39 | 1.39 | = | 420,393 | ÷ | 302,834,340 |
Based on: 10-K (reporting date: 2026-06-30), 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.
The financial trajectory from 2007 to 2026 is characterized by a prolonged period of valuation stability followed by a significant volatility spike and a subsequent correction driven by rapid revenue expansion.
- Historical Valuation Baseline (2007–2019)
- For over a decade, the Price-to-Sales (P/S) ratio remained consistently below 1.0, fluctuating between a high of 0.82 in 2014 and a low of 0.32 in late 2019. During this interval, share prices and sales per share grew at a moderate and correlated pace, indicating that the market valued the company conservatively relative to its revenue generation.
- Valuation Expansion and Peak (2021–2023)
- A distinct shift in market sentiment occurred starting in 2021, as the P/S ratio rose from 0.51 to a peak of 1.90 by August 2023. This surge was primarily driven by an aggressive increase in share price, which ascended from 3.57 to 25.52, significantly outpacing the growth in sales per share during the same timeframe.
- Revenue-Driven Valuation Compression (2025–2026)
- In the final observed period, the P/S ratio underwent a sharp contraction, falling from 1.80 in February 2025 to 0.63 by August 2026. Although share prices remained high relative to historical norms, the decrease in the P/S ratio was a result of an acceleration in sales per share, which climbed from 25.26 in 2023 to 59.46 in 2026.
The overall trend indicates a transition from a steady-state valuation to a period of high-growth pricing, which eventually normalized as actual revenue growth caught up with and exceeded the rate of share price appreciation.
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Comparison to Competitors
Super Micro Computer Inc., P/S, long-term trends, comparison to competitors
| Super Micro Computer Inc. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Lumentum Holdings Inc. | |
|---|---|---|---|---|---|---|
| Aug 31, 2026 | 0.63 | — | — | 6.81 | 0.89 | 28.84 |
| Aug 28, 2025 | 1.19 | 9.60 | 19.89 | 4.72 | 0.72 | 5.01 |
| Feb 25, 2025 | 1.80 | 8.62 | 18.71 | 3.64 | 0.91 | 2.82 |
| Aug 28, 2023 | 1.90 | 7.17 | 14.17 | 4.04 | 0.28 | 2.01 |
| Aug 29, 2022 | 0.70 | 6.28 | 9.89 | 3.62 | 0.40 | 3.62 |
| Aug 27, 2021 | 0.51 | 6.72 | 13.57 | 4.96 | 0.72 | 3.61 |
| Aug 31, 2020 | 0.43 | 6.74 | 10.24 | 3.52 | 0.31 | 3.76 |
| Dec 19, 2019 | 0.32 | 4.25 | 7.09 | 3.96 | 0.47 | 2.65 |
| Dec 19, 2019 | 0.33 | 3.60 | 9.29 | 4.38 | — | 3.46 |
| May 17, 2019 | 0.40 | 3.86 | 11.20 | 3.28 | — | 3.44 |
| Aug 26, 2016 | 0.47 | 2.86 | 7.49 | 3.20 | — | 2.34 |
| Sep 10, 2015 | 0.65 | 2.85 | 5.52 | 2.71 | — | 1.20 |
| Sep 15, 2014 | 0.82 | 3.37 | 7.82 | 2.69 | — | — |
| Sep 11, 2013 | 0.48 | 2.76 | — | 2.66 | — | — |
| Sep 13, 2012 | 0.54 | 3.58 | — | 2.19 | — | — |
| Sep 2, 2011 | 0.54 | 3.44 | — | 2.03 | — | — |
| Sep 7, 2010 | 0.51 | 4.33 | — | 3.02 | — | — |
| Aug 31, 2009 | 0.55 | 4.87 | — | 3.70 | — | — |
| Sep 2, 2008 | 0.62 | 2.83 | — | 3.33 | — | — |
| Aug 28, 2007 | 0.61 | 5.99 | — | 5.59 | — | — |
Based on: 10-K (reporting date: 2026-06-30), 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/S, long-term trends, comparison to sector (technology hardware & equipment)
| Super Micro Computer Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Aug 31, 2026 | 0.63 | — |
| Aug 28, 2025 | 1.19 | 7.56 |
| Feb 25, 2025 | 1.80 | 6.84 |
| Aug 28, 2023 | 1.90 | 5.57 |
| Aug 29, 2022 | 0.70 | 4.94 |
| Aug 27, 2021 | 0.51 | 5.44 |
| Aug 31, 2020 | 0.43 | 4.92 |
| Dec 19, 2019 | 0.32 | 3.35 |
| Dec 19, 2019 | 0.33 | 3.72 |
| May 17, 2019 | 0.40 | 3.77 |
| Aug 26, 2016 | 0.47 | 2.92 |
| Sep 10, 2015 | 0.65 | 2.81 |
| Sep 15, 2014 | 0.82 | 3.23 |
| Sep 11, 2013 | 0.48 | 2.73 |
| Sep 13, 2012 | 0.54 | 3.25 |
| Sep 2, 2011 | 0.54 | 3.02 |
| Sep 7, 2010 | 0.51 | 3.81 |
| Aug 31, 2009 | 0.55 | 4.26 |
| Sep 2, 2008 | 0.62 | 3.08 |
| Aug 28, 2007 | 0.61 | 5.72 |
Based on: 10-K (reporting date: 2026-06-30), 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/S, long-term trends, comparison to industry (information technology)
| Super Micro Computer Inc. | Information Technology | |
|---|---|---|
| Aug 31, 2026 | 0.63 | — |
| Aug 28, 2025 | 1.19 | 10.44 |
| Feb 25, 2025 | 1.80 | 9.30 |
| Aug 28, 2023 | 1.90 | 7.31 |
| Aug 29, 2022 | 0.70 | 6.01 |
| Aug 27, 2021 | 0.51 | 6.98 |
| Aug 31, 2020 | 0.43 | 6.11 |
| Dec 19, 2019 | 0.32 | 4.62 |
| Dec 19, 2019 | 0.33 | 4.31 |
| May 17, 2019 | 0.40 | 4.18 |
| Aug 26, 2016 | 0.47 | 3.46 |
| Sep 10, 2015 | 0.65 | 3.03 |
| Sep 15, 2014 | 0.82 | 3.31 |
| Sep 11, 2013 | 0.48 | 2.85 |
| Sep 13, 2012 | 0.54 | 2.88 |
| Sep 2, 2011 | 0.54 | 2.84 |
| Sep 7, 2010 | 0.51 | 3.04 |
| Aug 31, 2009 | 0.55 | 3.11 |
| Sep 2, 2008 | 0.62 | 2.38 |
| Aug 28, 2007 | 0.61 | 5.73 |
Based on: 10-K (reporting date: 2026-06-30), 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).