Super Micro Computer, Inc.

NasdaqGS:SMCI Stock Report

Market Cap: US$18.5b

Super Micro Computer Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair 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.

Below Fair Value: SMCI ($31.59) is trading below our estimate of fair value ($419.67)

Significantly Below Fair Value: SMCI is trading below fair 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 Ratio15.3x
EarningsUS$1.21b
Market CapUS$18.50b

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 Average64.3x
PSTG Pure Storage
161.9x49.3%US$21.0b
NTAP NetApp
20.9x5.1%US$24.1b
HPE Hewlett Packard Enterprise
11.1x0.6%US$28.4b
WDC Western Digital
63.3x20.7%US$20.8b
SMCI Super Micro Computer
15.3x24.3%US$18.5b

Price-To-Earnings vs Peers: SMCI is good value based on its Price-To-Earnings Ratio (15.3x) compared to the peer average (64.3x).

Price to Earnings Ratio vs Industry

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

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SMCI 15.3xIndustry Avg. 21.8xNo. of Companies29PE01632486480+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SMCI is good value based on its Price-To-Earnings Ratio (15.3x) compared to the Global Tech industry average (21.8x).

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 Ratio15.3x
Fair PE Ratio51.5x

Price-To-Earnings vs Fair Ratio: SMCI is good value based on its Price-To-Earnings Ratio (15.3x) compared to the estimated Fair Price-To-Earnings Ratio (51.5x).

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
CurrentUS$31.59
US$41.93
+32.7%
47.0%US$93.00US$23.00n/a11
Dec ’25US$32.64
US$40.32
+23.5%
50.8%US$93.00US$23.00n/a10
Nov ’25US$26.05
US$62.65
+140.5%
38.7%US$100.00US$32.11n/a11
Oct ’25US$40.55
US$74.91
+84.7%
42.5%US$130.00US$32.50n/a15
Sep ’25US$43.77
US$87.77
+100.5%
39.5%US$150.00US$32.50n/a13
Aug ’25US$67.22
US$103.35
+53.7%
27.5%US$150.00US$32.50n/a14
Jul ’25US$81.23
US$103.25
+27.1%
28.1%US$150.00US$28.50n/a14
Jun ’25US$78.45
US$103.25
+31.6%
28.1%US$150.00US$28.50n/a14
May ’25US$73.83
US$96.76
+31.1%
32.7%US$150.00US$28.50n/a15
Apr ’25US$103.72
US$91.94
-11.4%
35.6%US$135.00US$25.00n/a15
Mar ’25US$90.55
US$74.55
-17.7%
34.2%US$130.00US$25.00n/a14
Feb ’25US$58.35
US$56.82
-2.6%
22.3%US$70.00US$25.00n/a11
Jan ’25US$28.43
US$36.58
+28.7%
26.0%US$50.00US$16.00n/a10
Dec ’24US$26.96
US$37.52
+39.2%
21.2%US$50.00US$24.00US$32.6410
Nov ’24US$25.23
US$36.29
+43.9%
20.4%US$50.00US$24.00US$26.0510
Oct ’24US$27.42
US$36.40
+32.7%
18.6%US$50.00US$25.00US$40.559
Sep ’24US$28.22
US$36.86
+30.6%
19.1%US$50.00US$25.00US$43.778
Aug ’24US$33.76
US$28.76
-14.8%
43.7%US$40.10US$6.50US$67.228
Jul ’24US$24.93
US$23.07
-7.4%
52.7%US$40.00US$6.50US$81.237
Jun ’24US$23.10
US$18.17
-21.4%
60.5%US$40.00US$6.50US$78.456
May ’24US$10.51
US$10.52
+0.09%
37.9%US$17.50US$6.50US$73.835
Apr ’24US$10.66
US$10.08
-5.4%
39.3%US$17.50US$6.50US$103.725
Mar ’24US$10.20
US$10.08
-1.2%
39.3%US$17.50US$6.50US$90.555
Feb ’24US$7.97
US$10.08
+26.4%
39.3%US$17.50US$6.50US$58.355
Jan ’24US$8.21
US$9.76
+18.9%
37.8%US$16.50US$6.30US$28.435
Dec ’23US$9.05
US$9.76
+7.8%
37.8%US$16.50US$6.30US$26.965

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 Analysis2024/12/22 02:00
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

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 here.

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 .

Analyst Sources

Super Micro Computer, Inc. is covered by 35 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
George WangBarclays
Ruplu BhattacharyaBofA Global Research