Stock Analysis on Net
Stock Analysis on Net

Super Micro Computer Inc. (NASDAQ:SMCI)

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Microsoft Excel

Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).

Historical Valuation Ratios (Summary)

Super Micro Computer Inc., historical price multiples (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018
Price to earnings (P/E) 44.27 22.19 21.09 12.27 7.82 9.13 12.71 14.49 15.76 21.49 16.16 19.93 18.25 17.13 17.04 14.87 16.73 15.64 15.77 — — —
Price to operating profit (P/OP) 37.27 19.05 17.74 10.30 6.55 7.71 10.82 12.72 14.45 19.40 14.58 19.27 17.42 17.40 16.77 12.52 13.62 12.15 11.67 — — —
Price to sales (P/S) 3.50 1.84 1.90 1.10 0.68 0.67 0.70 0.57 0.47 0.62 0.51 0.54 0.50 0.44 0.43 0.40 0.43 0.37 0.32 — — —
Price to book value (P/BV) 10.54 6.28 6.85 4.07 2.49 2.50 2.54 2.09 1.66 2.10 1.65 1.72 1.52 1.35 1.35 1.28 1.41 1.27 1.21 1.24 1.26 1.30

Based on: 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Super Micro Computer Inc. P/E ratio increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Super Micro Computer Inc. P/OP ratio increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Super Micro Computer Inc. P/S ratio decreased from Q4 2023 to Q1 2024 but then increased from Q1 2024 to Q2 2024 exceeding Q4 2023 level.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Super Micro Computer Inc. P/BV ratio decreased from Q4 2023 to Q1 2024 but then increased from Q1 2024 to Q2 2024 exceeding Q4 2023 level.

Price to Earnings (P/E)

Super Micro Computer Inc., historical P/E calculation (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018
No. shares of common stock outstanding1 55,933,330 53,313,542 52,905,947 52,488,494 53,637,158 52,922,886 52,347,039 51,906,873 51,563,316 51,075,818 50,590,466 49,934,337 50,575,310 51,782,128 52,436,548 51,923,646 51,260,228 50,085,282 50,085,282 50,085,282 50,085,282 50,085,282
Selected Financial Data (US$)
Net income (in thousands) 295,968 156,995 193,569 85,846 176,167 184,416 140,822 76,972 41,932 25,437 39,162 18,428 27,674 26,601 18,450 15,807 23,706 26,345 23,710 10,646 18,220 19,342
Earnings per share (EPS)2 13.09 11.49 12.10 11.19 10.78 8.39 5.45 3.54 2.42 2.17 2.21 1.83 1.75 1.63 1.61 1.72 1.65 1.58 1.44 0.00 0.00 0.00
Share price1, 3 579.63 255.00 255.16 137.23 84.34 76.63 69.26 51.21 38.20 46.58 35.73 36.39 31.95 27.97 27.39 25.65 27.55 24.65 22.65 22.65 22.65 22.65
Valuation Ratio
P/E ratio4 44.27 22.19 21.09 12.27 7.82 9.13 12.71 14.49 15.76 21.49 16.16 19.93 18.25 17.13 17.04 14.87 16.73 15.64 15.77 — — —
Benchmarks
P/E Ratio, Competitors5
Apple Inc. — 28.44 28.33 30.03 28.94 25.69 24.82 26.21 25.03 27.64 25.96 27.61 29.19 36.00 32.24 31.11 21.90 24.67 20.00 17.29 16.94 13.11
Arista Networks Inc. — — 39.77 32.79 33.61 27.44 32.05 33.51 34.44 37.69 47.56 48.17 39.92 36.92 37.41 26.50 23.74 19.75 19.88 — — —
Cisco Systems Inc. 14.54 14.30 18.26 17.20 18.01 17.28 15.78 15.18 19.78 20.46 23.34 21.99 19.39 16.91 15.46 17.64 17.87 17.54 17.69 18.30 16.99 158.12

Based on: 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30).

1 Data adjusted for splits and stock dividends.

2 Q2 2024 Calculation
EPS = (Net incomeQ2 2024 + Net incomeQ1 2024 + Net incomeQ4 2023 + Net incomeQ3 2023) ÷ No. shares of common stock outstanding
= (295,968,000 + 156,995,000 + 193,569,000 + 85,846,000) ÷ 55,933,330 = 13.09

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

4 Q2 2024 Calculation
P/E ratio = Share price ÷ EPS
= 579.63 ÷ 13.09 = 44.27

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Super Micro Computer Inc. P/E ratio increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Price to Operating Profit (P/OP)

Super Micro Computer Inc., historical P/OP calculation (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018
No. shares of common stock outstanding1 55,933,330 53,313,542 52,905,947 52,488,494 53,637,158 52,922,886 52,347,039 51,906,873 51,563,316 51,075,818 50,590,466 49,934,337 50,575,310 51,782,128 52,436,548 51,923,646 51,260,228 50,085,282 50,085,282 50,085,282 50,085,282 50,085,282
Selected Financial Data (US$)
Income from operations (in thousands) 371,464 172,510 226,755 99,082 215,182 220,123 165,213 89,777 51,049 29,128 39,081 17,055 37,365 30,446 9,428 15,546 27,815 32,865 30,140 12,859 25,741 28,493
Operating profit per share2 15.55 13.38 14.39 13.33 12.87 9.94 6.40 4.03 2.64 2.40 2.45 1.89 1.83 1.61 1.63 2.05 2.02 2.03 1.94 0.00 0.00 0.00
Share price1, 3 579.63 255.00 255.16 137.23 84.34 76.63 69.26 51.21 38.20 46.58 35.73 36.39 31.95 27.97 27.39 25.65 27.55 24.65 22.65 22.65 22.65 22.65
Valuation Ratio
P/OP ratio4 37.27 19.05 17.74 10.30 6.55 7.71 10.82 12.72 14.45 19.40 14.58 19.27 17.42 17.40 16.77 12.52 13.62 12.15 11.67 — — —
Benchmarks
P/OP Ratio, Competitors5
Apple Inc. — 24.19 24.04 25.35 24.31 21.45 20.74 22.07 21.37 23.78 22.56 23.98 25.06 31.00 27.92 27.07 19.10 21.45 17.29 14.94 14.79 11.46
Arista Networks Inc. — — 36.77 29.88 30.23 24.00 28.38 29.48 31.27 35.28 43.25 44.27 35.97 33.03 33.92 27.72 24.78 20.69 21.21 — — —
Cisco Systems Inc. 12.56 12.32 15.32 13.88 14.67 14.12 13.35 12.91 16.75 17.02 19.26 17.97 15.77 14.03 12.73 13.53 13.95 13.79 14.46 17.44 16.19 14.97

Based on: 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30).

1 Data adjusted for splits and stock dividends.

2 Q2 2024 Calculation
Operating profit per share = (Income from operationsQ2 2024 + Income from operationsQ1 2024 + Income from operationsQ4 2023 + Income from operationsQ3 2023) ÷ No. shares of common stock outstanding
= (371,464,000 + 172,510,000 + 226,755,000 + 99,082,000) ÷ 55,933,330 = 15.55

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

4 Q2 2024 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 579.63 ÷ 15.55 = 37.27

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Super Micro Computer Inc. P/OP ratio increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.

Price to Sales (P/S)

Super Micro Computer Inc., historical P/S calculation (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018
No. shares of common stock outstanding1 55,933,330 53,313,542 52,905,947 52,488,494 53,637,158 52,922,886 52,347,039 51,906,873 51,563,316 51,075,818 50,590,466 49,934,337 50,575,310 51,782,128 52,436,548 51,923,646 51,260,228 50,085,282 50,085,282 50,085,282 50,085,282 50,085,282
Selected Financial Data (US$)
Net sales (in thousands) 3,664,924 2,119,672 2,184,861 1,283,296 1,803,195 1,852,130 1,635,460 1,355,490 1,172,419 1,032,730 1,068,985 895,881 830,306 762,250 896,126 772,408 870,943 799,804 854,234 743,499 931,509 971,118
Sales per share2 165.42 138.63 134.64 125.25 123.91 113.67 99.26 89.19 80.87 74.95 70.32 67.78 64.48 63.76 63.68 63.50 63.76 66.47 69.89 0.00 0.00 0.00
Share price1, 3 579.63 255.00 255.16 137.23 84.34 76.63 69.26 51.21 38.20 46.58 35.73 36.39 31.95 27.97 27.39 25.65 27.55 24.65 22.65 22.65 22.65 22.65
Valuation Ratio
P/S ratio4 3.50 1.84 1.90 1.10 0.68 0.67 0.70 0.57 0.47 0.62 0.51 0.54 0.50 0.44 0.43 0.40 0.43 0.37 0.32 — — —
Benchmarks
P/S Ratio, Competitors5
Apple Inc. — 7.44 7.17 7.41 7.09 6.31 6.28 6.74 6.61 7.35 6.72 6.90 6.85 7.82 6.74 6.64 4.68 5.30 4.25 3.72 3.75 2.98
Arista Networks Inc. — — 14.16 11.14 10.92 8.57 9.89 9.93 10.18 11.13 13.57 13.63 11.07 10.15 10.24 8.50 7.87 6.73 7.09 — — —
Cisco Systems Inc. 3.42 3.35 4.04 3.59 3.83 3.80 3.62 3.53 4.54 4.59 4.96 4.60 4.09 3.68 3.52 3.76 3.83 3.71 3.96 4.71 4.30 3.98

Based on: 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30).

1 Data adjusted for splits and stock dividends.

2 Q2 2024 Calculation
Sales per share = (Net salesQ2 2024 + Net salesQ1 2024 + Net salesQ4 2023 + Net salesQ3 2023) ÷ No. shares of common stock outstanding
= (3,664,924,000 + 2,119,672,000 + 2,184,861,000 + 1,283,296,000) ÷ 55,933,330 = 165.42

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

4 Q2 2024 Calculation
P/S ratio = Share price ÷ Sales per share
= 579.63 ÷ 165.42 = 3.50

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Super Micro Computer Inc. P/S ratio decreased from Q4 2023 to Q1 2024 but then increased from Q1 2024 to Q2 2024 exceeding Q4 2023 level.

Price to Book Value (P/BV)

Super Micro Computer Inc., historical P/BV calculation (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018
No. shares of common stock outstanding1 55,933,330 53,313,542 52,905,947 52,488,494 53,637,158 52,922,886 52,347,039 51,906,873 51,563,316 51,075,818 50,590,466 49,934,337 50,575,310 51,782,128 52,436,548 51,923,646 51,260,228 50,085,282 50,085,282 50,085,282 50,085,282 50,085,282
Selected Financial Data (US$)
Total Super Micro Computer, Inc. stockholders’ equity (in thousands) 3,076,910 2,165,378 1,972,005 1,768,407 1,818,677 1,625,036 1,425,575 1,273,743 1,186,668 1,132,622 1,096,225 1,053,780 1,064,047 1,072,573 1,065,540 1,038,229 1,001,388 971,694 941,015 912,998 898,054 875,135
Book value per share (BVPS)2 55.01 40.62 37.27 33.69 33.91 30.71 27.23 24.54 23.01 22.18 21.67 21.10 21.04 20.71 20.32 20.00 19.54 19.40 18.79 18.23 17.93 17.47
Share price1, 3 579.63 255.00 255.16 137.23 84.34 76.63 69.26 51.21 38.20 46.58 35.73 36.39 31.95 27.97 27.39 25.65 27.55 24.65 22.65 22.65 22.65 22.65
Valuation Ratio
P/BV ratio4 10.54 6.28 6.85 4.07 2.49 2.50 2.54 2.09 1.66 2.10 1.65 1.72 1.52 1.35 1.35 1.28 1.41 1.27 1.21 1.24 1.26 1.30
Benchmarks
P/BV Ratio, Competitors5
Apple Inc. — 38.73 44.21 47.21 43.92 43.09 48.89 44.95 37.86 38.64 38.96 37.28 32.20 34.75 28.33 25.14 15.98 15.85 12.21 9.98 9.15 6.61
Arista Networks Inc. — — 11.50 9.58 9.81 7.81 8.87 8.90 8.90 8.46 10.05 9.78 7.87 7.24 7.15 6.12 5.89 5.53 5.90 5.33 7.41 8.72
Cisco Systems Inc. 4.23 4.30 5.19 4.66 4.91 4.94 4.69 4.51 5.92 5.46 5.99 5.59 5.02 4.64 4.57 5.33 5.56 5.60 6.12 6.57 5.36 4.56

Based on: 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30).

1 Data adjusted for splits and stock dividends.

2 Q2 2024 Calculation
BVPS = Total Super Micro Computer, Inc. stockholders’ equity ÷ No. shares of common stock outstanding
= 3,076,910,000 ÷ 55,933,330 = 55.01

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

4 Q2 2024 Calculation
P/BV ratio = Share price ÷ BVPS
= 579.63 ÷ 55.01 = 10.54

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Super Micro Computer Inc. P/BV ratio decreased from Q4 2023 to Q1 2024 but then increased from Q1 2024 to Q2 2024 exceeding Q4 2023 level.