Super Micro Computer, Inc.

SWX:SMCI Stock Report

Market Cap: CHF 15.1b

Super Micro Computer Valuation

Is SMCI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of SMCI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: SMCI (CHF25.29) is trading below our estimate of future cash flow value (CHF45.91)

Significantly Below Future Cash Flow Value: SMCI is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SMCI?

Key metric: As SMCI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SMCI. This is calculated by dividing SMCI's market cap by their current earnings.
What is SMCI's PE Ratio?
PE Ratio23.9x
EarningsUS$792.81m
Market CapUS$19.37b

Price to Earnings Ratio vs Peers

How does SMCI's PE Ratio compare to its peers?

The above table shows the PE ratio for SMCI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.5x
LOGN Logitech International
20.4x5.78%CHF 10.6b
000977 Inspur Electronic Information Industry
38.3x29.66%CN¥95.3b
6669 Wiwynn
15.5x18.85%NT$686.7b
3017 Asia Vital Components
35.9x33.12%NT$533.7b
SMCI Super Micro Computer
23.9x50.67%CHF 19.4b

Price-To-Earnings vs Peers: SMCI is good value based on its Price-To-Earnings Ratio (23.9x) compared to the peer average (27.5x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does SMCI's PE Ratio compare vs other companies in the European Tech Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
SMCI 23.9xIndustry Avg. 26.2xNo. of Companies5PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SMCI is good value based on its Price-To-Earnings Ratio (23.9x) compared to the European Tech industry average (25.9x).

Price to Earnings Ratio vs Fair Ratio

What is SMCI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SMCI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SMCI's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SMCI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 25.29
CHF 36.91
+45.95%
36.26%CHF 73.50CHF 11.85n/a17
Jan ’27CHF 24.31
CHF 38.66
+59.01%
32.58%CHF 74.08CHF 11.95n/a17
Dec ’26CHF 26.06
CHF 38.66
+48.33%
32.58%CHF 74.08CHF 11.95n/a17
Nov ’26n/a
CHF 42.30
0%
25.80%CHF 73.97CHF 23.86n/a16
Oct ’26n/a
CHF 41.00
0%
25.93%CHF 73.33CHF 21.29n/a16
Sep ’26n/a
CHF 42.33
0%
26.40%CHF 75.12CHF 21.81n/a15
Aug ’26n/a
CHF 36.07
0%
40.79%CHF 73.93CHF 11.92n/a16
Jul ’26n/a
CHF 34.57
0%
43.81%CHF 74.88CHF 12.08n/a16
Jun ’26n/a
CHF 35.62
0%
43.81%CHF 77.15CHF 12.44n/a16
May ’26n/a
CHF 39.36
0%
45.27%CHF 76.75CHF 12.38n/a13
Apr ’26n/a
CHF 45.66
0%
40.16%CHF 82.13CHF 13.25n/a13
Mar ’26n/a
CHF 44.92
0%
41.70%CHF 83.96CHF 13.54n/a12
Feb ’26n/a
CHF 35.03
0%
53.90%CHF 84.37CHF 13.61n/a10
Jan ’26n/a
CHF 35.60
0%
48.94%CHF 83.05CHF 20.54CHF 24.3110
Dec ’25n/a
CHF 33.43
0%
53.20%CHF 82.14CHF 20.31CHF 26.069
Nov ’25n/a
CHF 54.54
0%
38.74%CHF 87.06CHF 27.95n/a11
Oct ’25n/a
CHF 63.39
0%
42.45%CHF 110.01CHF 27.50n/a15
Sep ’25n/a
CHF 74.34
0%
39.52%CHF 127.05CHF 27.53n/a13
Aug ’25n/a
CHF 91.53
0%
27.52%CHF 132.84CHF 28.78n/a14
Jul ’25n/a
CHF 93.57
0%
28.10%CHF 135.94CHF 25.83n/a14
Jun ’25n/a
CHF 93.57
0%
28.10%CHF 135.94CHF 25.83n/a14
May ’25n/a
CHF 88.93
0%
32.72%CHF 137.87CHF 26.20n/a15
Apr ’25n/a
CHF 82.66
0%
35.64%CHF 121.38CHF 22.48n/a15
Mar ’25n/a
CHF 65.61
0%
34.20%CHF 114.42CHF 22.00n/a14
Feb ’25n/a
CHF 48.96
0%
22.30%CHF 60.32CHF 21.54n/a11
Jan ’25n/a
CHF 31.85
0%
25.96%CHF 43.53CHF 13.93n/a10
CHF 37.26
Fair Value
32.1% undervalued intrinsic discount
17
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/23 14:32
End of Day Share Price 2026/01/23 00:00
Earnings2025/09/30
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Super Micro Computer, Inc. is covered by 29 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dong WangBarclays
Timothy LongBarclays
Mark NewmanBernstein