Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
EV to EBITDA Ratio, Current
EV to EBITDA Ratio, Historical

Super Micro Computer Inc., EBITDA calculation

US$ in thousands

12 months ended:	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Net income	639,998)	285,163)	111,865)	84,308)	71,918)	46,165)
Add: Income tax expense	110,666)	52,876)	6,936)	2,922)	14,884)	38,443)
Earnings before tax (EBT)	750,664)	338,039)	118,801)	87,230)	86,802)	84,608)
Add: Interest expense	10,491)	6,413)	2,485)	2,236)	6,690)	5,726)
Earnings before interest and tax (EBIT)	761,155)	344,452)	121,286)	89,466)	93,492)	90,334)
Add: Depreciation and amortization	34,904)	32,471)	28,185)	28,472)	24,202)	21,846)
Earnings before interest, tax, depreciation and amortization (EBITDA)	796,059)	376,923)	149,471)	117,938)	117,694)	112,180)

Based on: 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).

Download chart

Item	Description	The company
EBITDA	To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital.	Super Micro Computer Inc. EBITDA increased from 2021 to 2022 and from 2022 to 2023.

Super Micro Computer Inc., current EV/EBITDA calculation, comparison to benchmarks

Selected Financial Data (US$ in thousands)
Enterprise value (EV)	43,629,026)
Earnings before interest, tax, depreciation and amortization (EBITDA)	796,059)
Valuation Ratio
EV/EBITDA	54.81
Benchmarks
EV/EBITDA, Competitors¹
Apple Inc.	22.16
Arista Networks Inc.	32.41
Cisco Systems Inc.	9.90
EV/EBITDA, Sector
Technology Hardware & Equipment	21.07
EV/EBITDA, Industry
Information Technology	29.53

Based on: 10-K (reporting date: 2023-06-30).

¹ Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.

Super Micro Computer Inc., historical EV/EBITDA calculation, comparison to benchmarks

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Selected Financial Data (US$ in thousands)
Enterprise value (EV)¹	13,349,489)	3,955,095)	1,673,694)	1,255,272)	910,076)	1,123,981)
Earnings before interest, tax, depreciation and amortization (EBITDA)²	796,059)	376,923)	149,471)	117,938)	117,694)	112,180)
Valuation Ratio
EV/EBITDA³	16.77	10.49	11.20	10.64	7.73	10.02
Benchmarks
EV/EBITDA, Competitors⁴
Apple Inc.	21.66	19.15	20.47	23.12	13.59	11.54
Arista Networks Inc.	31.29	24.52	37.28	26.95	16.05	—
Cisco Systems Inc.	12.16	10.52	15.05	9.69	11.36	12.07
EV/EBITDA, Sector
Technology Hardware & Equipment	20.69	18.24	19.98	20.90	13.22	—
EV/EBITDA, Industry
Information Technology	23.37	18.28	20.37	19.53	14.42	—

Based on: 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).

¹ See details »

² See details »

³ 2023 Calculation
EV/EBITDA = EV ÷ EBITDA
= 13,349,489 ÷ 796,059 = 16.77

⁴ Click competitor name to see calculations.

Download chart

Valuation ratio	Description	The company
EV/EBITDA	Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock.	Super Micro Computer Inc. EV/EBITDA ratio decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Super Micro Computer Inc. (NASDAQ:SMCI)

Enterprise Value to EBITDA (EV/EBITDA)

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Enterprise Value to EBITDA Ratio, Current

Enterprise Value to EBITDA Ratio, Historical