Super Micro Computer, Inc. (SMCI) Key Metrics
SMCI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $20.78B
- Enterprise value
- $32.69B
- P/E (TTM)
- 9.7 10-yr median 17.8
- Forward P/E
- 10.2
- PEG ratio
- 0.91
- Price / sales
- 0.5 10-yr median 0.5
- Price / book
- 2.7 10-yr median 1.5
- EV / EBITDA
- 10.6 10-yr median 11.0
- Dividend yield
- —
- Beta
- 2.01
SMCI key metrics, FY2017–FY2026
Fiscal year ended June 30, 2026 · U.S. dollarsSMCI valuation Price multiples at each fiscal year-end price.
SMCI returns How much profit the business earns on the capital it uses.
SMCI per-share figures Results divided by the shares outstanding at year-end.
SMCI financial health Debt, liquidity and how easily interest is covered.
SMCI efficiency & capital use Working capital cycle and where the cash goes.
SMCI valuation history
SMCI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
SMCI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
SMCI cash returned to shareholders
SMCI price vs earnings per share
SMCI key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $20.45B | $30.80B | $49.34B | $13.19B | $2.11B | $1.78B | $1.49B | $1000.0M | $1.23B | $1.21B |
| Enterprise value | $21.65B | $30.41B | $49.84B | $13.04B | $2.44B | $1.65B | $1.31B | $1.05B | $1.23B | $1.35B |
| P/E ratio | 9.2 | 29.4 | 40.8 | 20.6 | 7.4 | 15.9 | 17.6 | 13.9 | 26.7 | 18.0 |
| Price / sales | 0.5 | 1.4 | 3.3 | 1.9 | 0.4 | 0.5 | 0.4 | 0.3 | 0.4 | 0.5 |
| Price / book | 1.4 | 4.9 | 9.0 | 6.7 | 1.5 | 1.6 | 1.4 | 1.2 | 1.5 | 1.6 |
| Price / free cash flow | — | 20.1 | — | 21.0 | — | 27.4 | — | 4.2 | 20.7 | — |
| Price / operating cash flow | — | 18.6 | — | 19.9 | — | 14.5 | — | 3.8 | 14.6 | — |
| EV / sales | 0.6 | 1.4 | 3.3 | 1.8 | 0.5 | 0.5 | 0.4 | 0.3 | 0.4 | 0.5 |
| EV / EBITDA | 7.1 | 22.9 | 38.7 | 16.3 | 6.5 | 4.4 | 11.3 | 8.7 | 10.7 | 12.1 |
| EV / free cash flow | — | 19.8 | — | 20.8 | — | 25.3 | — | 4.4 | 20.7 | — |
| Earnings yield | 10.9% | 3.4% | 2.4% | 4.9% | 13.5% | 6.3% | 5.7% | 7.2% | 3.7% | 5.5% |
| Free cash flow yield | −34.1% | 5.0% | −5.3% | 4.8% | −23.0% | 3.6% | −5.0% | 23.8% | 4.8% | −10.4% |
| Dividend yield | — | — | — | 0.2% | 0.5% | 1.6% | 1.4% | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.6% | 0.0% | 1.4% | 1.0% | 8.9% | 1.9% | 1.8% | 0.4% | 1.5% |
| Share price at fiscal year-end | $29.33 | $49.01 | $81.94 | $24.93 | $4.04 | $3.52 | $2.84 | $1.94 | $2.37 | $2.46 |
| Per share | ||||||||||
| Revenue per share | $56.02 | $34.96 | $24.82 | $13.47 | $9.93 | $7.03 | $6.37 | $6.77 | $6.44 | $5.08 |
| Earnings per share | $3.20 | $1.67 | $2.01 | $1.21 | $0.55 | $0.22 | $0.16 | $0.14 | $0.09 | $0.14 |
| Operating cash flow per share | −$9.77 | $2.64 | −$4.12 | $1.25 | −$0.84 | $0.24 | −$0.06 | $0.51 | $0.16 | −$0.20 |
| Free cash flow per share | −$10.00 | $2.44 | −$4.32 | $1.18 | −$0.93 | $0.13 | −$0.14 | $0.46 | $0.11 | −$0.26 |
| Cash per share | $10.79 | $8.23 | $2.77 | $0.83 | $0.51 | $0.46 | $0.40 | $0.22 | $0.22 | $0.23 |
| Book value per share | $20.76 | $10.03 | $9.08 | $3.73 | $2.73 | $2.17 | $2.03 | $1.55 | $1.62 | $1.58 |
| Tangible book value per share | $20.76 | $10.03 | $9.08 | $3.72 | $2.73 | $2.17 | $2.03 | $1.55 | $1.62 | $1.58 |
| Dividends per share | — | — | — | $0.06 | $0.02 | $0.06 | $0.04 | — | — | — |
| Capex per share | $0.23 | $0.20 | $0.21 | $0.07 | $0.09 | $0.11 | $0.08 | $0.05 | $0.05 | $0.06 |
| Debt per share | $12.50 | $7.60 | $3.61 | $0.55 | $1.14 | $0.19 | $0.06 | $0.31 | $0.22 | $0.52 |
| Shares outstanding | 697.3M | 628.4M | 602.1M | 529.0M | 523.1M | 505.8M | 524.1M | 516.8M | 521.5M | 489.4M |
| Change in shares outstanding | +11.0% | +4.4% | +13.8% | +1.1% | +3.4% | −3.5% | +1.4% | −0.9% | +6.6% | −5.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 21.5% | 17.8% | 32.5% | 37.7% | 22.6% | 10.3% | 9.0% | 8.7% | 5.7% | 8.9% |
| Return on invested capital (ROIC) | 20.5% | 18.3% | 30.9% | 36.3% | 20.8% | 30.6% | 9.6% | 9.5% | 5.9% | 9.0% |
| Return on assets (ROA) | 10.1% | 8.8% | 17.7% | 18.6% | 10.5% | 5.4% | 4.9% | 4.4% | 2.8% | 5.0% |
| Return on tangible assets | 7.4% | 7.5% | 12.2% | 17.4% | 8.9% | 5.0% | 4.4% | 4.8% | 2.6% | 4.4% |
| Free cash flow margin | −17.8% | 7.0% | −17.4% | 8.8% | −9.4% | 1.8% | −2.2% | 6.8% | 1.8% | −5.1% |
| Income quality (OCF / net income) | −3.05 | 1.58 | −2.05 | 1.04 | −1.55 | 1.10 | −0.36 | 3.65 | 1.83 | −1.44 |
| Financial health | ||||||||||
| Total debt | $8.72B | $4.78B | $2.17B | $290.3M | $596.8M | $98.2M | $29.4M | $161.4M | $116.2M | $254.4M |
| Cash & short-term investments | $7.52B | $5.17B | $1.67B | $440.6M | $267.7M | $232.3M | $210.5M | $113.2M | $115.4M | $110.6M |
| Net debt | $1.20B | −$391.1M | $504.4M | −$150.3M | $329.1M | −$134.1M | −$181.1M | $48.2M | $804,000 | $143.8M |
| Debt / equity | 0.60 | 0.76 | 0.40 | 0.15 | 0.42 | 0.09 | 0.03 | 0.20 | 0.14 | 0.33 |
| Debt / assets | 0.29 | 0.34 | 0.22 | 0.08 | 0.19 | 0.04 | 0.02 | 0.11 | 0.07 | 0.17 |
| Net debt / EBITDA | 0.39 | −0.29 | 0.39 | −0.19 | 0.88 | −0.36 | −1.57 | 0.40 | 0.01 | 1.29 |
| Current ratio | 3.87 | 5.25 | 3.77 | 2.31 | 1.91 | 1.93 | 2.25 | 2.34 | 1.89 | 1.88 |
| Quick ratio | 2.07 | 3.25 | 1.93 | 1.26 | 0.86 | 0.85 | 1.05 | 1.15 | 0.83 | 0.78 |
| Interest coverage | 14.2 | 21.0 | 65.4 | 72.6 | 52.3 | 134.9 | 38.3 | 14.5 | 16.5 | — |
| Working capital | $20.57B | $9.96B | $6.65B | $1.80B | $1.34B | $898.4M | $885.1M | $713.5M | $719.3M | $588.6M |
| Invested capital | $15.68B | $5.91B | $5.97B | $1.82B | $1.75B | $962.3M | $884.6M | $848.5M | $844.5M | $917.6M |
| Tangible asset value | $14.48B | $6.30B | $5.47B | $1.97B | $1.43B | $1.10B | $1.07B | $800.2M | $843.7M | $773.8M |
| Net current asset value | $12.26B | $4.59B | $4.58B | $1.48B | $1.03B | $721.7M | $739.8M | $558.2M | $605.0M | $519.9M |
| Graham number | $38.66 | $19.41 | $20.25 | $10.07 | $5.78 | $3.28 | $2.71 | $2.20 | $1.80 | $2.20 |
| Graham net-net per share | $4.44 | $2.32 | $2.33 | $0.61 | −$0.22 | −$0.09 | $0.16 | $0.20 | $0.05 | $0.08 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | $30.5M | $10.1M | $28.4M | $20.1M | — | — | — |
| Share buybacks (net) | $996,000 | $200.0M | $0 | $150.0M | $10.1M | $130.0M | $8.2M | $18.5M | $4.5M | $18.5M |
| Dividend payout ratio | — | — | — | 4.8% | 3.5% | 25.4% | 23.8% | — | — | — |
| Dividends + buybacks / free cash flow | — | 13.1% | — | 28.8% | — | 243.9% | — | 7.8% | 7.5% | — |
| Capex / revenue | 0.4% | 0.6% | 0.8% | 0.5% | 0.9% | 1.6% | 1.3% | 0.7% | 0.7% | 1.2% |
| Capex / operating cash flow | — | 7.7% | — | 5.5% | — | 47.2% | — | 9.5% | 29.4% | — |
| Capex / depreciation | 1.39 | 2.18 | 3.03 | 1.05 | 1.39 | 2.06 | 1.56 | 1.03 | 1.14 | 1.80 |
| Stock-based compensation / revenue | 1.1% | 1.4% | 1.5% | 0.8% | 0.6% | 0.8% | 0.6% | 0.6% | 0.7% | — |
| R&D / revenue | 2.0% | 2.9% | 3.1% | 4.3% | 5.2% | 7.7% | 6.6% | 5.1% | 4.9% | 5.8% |
| SG&A / revenue | 1.8% | 2.5% | 2.6% | 3.0% | 3.7% | 5.4% | 6.6% | 6.2% | 5.1% | 4.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 39.0 | 40.6 | 46.6 | 50.8 | 45.6 | 44.5 | 48.5 | 53.6 | 51.4 | 50.8 |
| Days of inventory on hand | 92.1 | 84.9 | 83.3 | 93.5 | 107.4 | 78.6 | 96.5 | 90.4 | 99.0 | 101.4 |
| Days payables outstanding | 18.5 | 26.4 | 33.0 | 44.8 | 52.6 | 42.8 | 51.9 | 55.3 | 64.7 | 65.0 |
| Cash conversion cycle (days) | 112.6 | 99.1 | 96.8 | 99.5 | 100.4 | 80.3 | 93.1 | 88.8 | 85.8 | 87.2 |
| Receivables turnover | 9.36 | 8.99 | 7.83 | 7.19 | 8.00 | 8.20 | 7.53 | 6.81 | 7.10 | 7.19 |
| Payables turnover | 19.74 | 13.83 | 11.05 | 8.16 | 6.94 | 8.54 | 7.03 | 6.61 | 5.65 | 5.62 |
| Inventory turnover | 3.96 | 4.30 | 4.38 | 3.91 | 3.40 | 4.65 | 3.78 | 4.04 | 3.69 | 3.60 |
| Asset turnover | 1.78 | 1.83 | 2.19 | 2.07 | 1.91 | 1.71 | 1.96 | 2.15 | 2.05 | 1.85 |
| Average receivables | $4.17B | $2.44B | $1.91B | $991.4M | $649.2M | $433.8M | $443.6M | $513.9M | $473.5M | $345.8M |
| Average payables | $1.76B | $1.41B | $1.16B | $716.1M | $633.9M | $515.0M | $400.1M | $454.9M | $519.1M | $380.2M |
| Average inventory | $8.79B | $4.54B | $2.93B | $1.50B | $1.29B | $946.2M | $743.7M | $744.6M | $795.0M | $592.8M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from SMCI's annual financial statements (latest annual report filed August 31, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
SMCI valuation and financial ratios
At the end of fiscal 2026 (June 30, 2026), Supermicro traded at 9.2 times earnings, against a 10-year median of 17.8. Based on the latest twelve months, the trailing P/E is 9.7 and the forward P/E is 10.2. Supermicro earned a return on equity of 21.5% and a return on invested capital of 20.5% in fiscal 2026. It ended the year with $8.7 billion of debt and $7.5 billion in cash and short-term investments, net debt of $1.2 billion. It returned $1.0 million to shareholders: $0 in dividends and $1.0 million in share buybacks. The share count rose 42.5% from 489.4M to 697.3M over 9 years.
See the SMCI income statement, the SMCI chart for price history, or the SMCI stock overview for the latest quote and news.
SMCI key metrics FAQ
What is Supermicro's P/E ratio?
Supermicro's trailing P/E ratio is 9.7 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 10.2. At the end of fiscal 2026 it was 9.2, compared with a 10-year median of 17.8.
What is Supermicro's EV/EBITDA?
Supermicro's enterprise value was 7.1 times EBITDA at the end of fiscal 2026 (enterprise value $21.7 billion, EBITDA $3.0 billion); the current EV/EBITDA is 10.6.
What is Supermicro's return on equity?
Supermicro's return on equity (ROE) was 21.5% in fiscal 2026: net income of $2.2 billion on average shareholders' equity of $10.4 billion.
What is Supermicro's ROIC?
Supermicro's return on invested capital was 20.5% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Supermicro have?
Supermicro had total debt of $8.7 billion at the end of fiscal 2026, a debt-to-equity ratio of 0.60 and $1.2 billion of net debt (0.39 times EBITDA).
Does Supermicro buy back its shares?
Yes. Supermicro spent $1.0 million on net share repurchases in fiscal 2026 Shares outstanding changed +11.0% over the year, to 697.3M..
What is Supermicro's free cash flow yield?
Supermicro generated -$7.0 billion of free cash flow in fiscal 2026, a free cash flow yield of −34.1% on its market value at year-end ($20.5 billion).
What is Supermicro's current ratio?
Supermicro's current ratio was 3.87 at the end of fiscal 2026: current assets were 3.87 times current liabilities.