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Super Micro Computer (NEOE:SMCI) Cyclically Adjusted PB Ratio : 10.73 (As of Jan. 18, 2025)


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What is Super Micro Computer Cyclically Adjusted PB Ratio?

As of today (2025-01-18), Super Micro Computer's current share price is C$10.41. Super Micro Computer's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was C$0.97. Super Micro Computer's Cyclically Adjusted PB Ratio for today is 10.73.

The historical rank and industry rank for Super Micro Computer's Cyclically Adjusted PB Ratio or its related term are showing as below:

NEOE:SMCI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.12   Med: 2.8   Max: 47.9
Current: 10.8

During the past years, Super Micro Computer's highest Cyclically Adjusted PB Ratio was 47.90. The lowest was 1.12. And the median was 2.80.

NEOE:SMCI's Cyclically Adjusted PB Ratio is ranked worse than
95.67% of 1686 companies
in the Hardware industry
Industry Median: 1.84 vs NEOE:SMCI: 10.80

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Super Micro Computer's adjusted book value per share data for the three months ended in Jun. 2024 was C$3.233. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is C$0.97 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Super Micro Computer Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Super Micro Computer's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Super Micro Computer Cyclically Adjusted PB Ratio Chart

Super Micro Computer Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.11 2.25 2.16 11.46 28.71

Super Micro Computer Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.46 12.07 11.95 38.51 28.71

Competitive Comparison of Super Micro Computer's Cyclically Adjusted PB Ratio

For the Computer Hardware subindustry, Super Micro Computer's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Super Micro Computer's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Super Micro Computer's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Super Micro Computer's Cyclically Adjusted PB Ratio falls into.



Super Micro Computer Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Super Micro Computer's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=10.41/0.97
=10.73

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Super Micro Computer's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, Super Micro Computer's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book=Book Value per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=3.233/132.5538*132.5538
=3.233

Current CPI (Jun. 2024) = 132.5538.

Super Micro Computer Quarterly Data

Book Value per Share CPI Adj_Book
201409 0.303 100.428 0.400
201412 0.342 99.070 0.458
201503 0.395 99.621 0.526
201506 0.408 100.684 0.537
201509 0.449 100.392 0.593
201512 0.492 99.792 0.654
201603 0.489 100.470 0.645
201606 0.467 101.688 0.609
201609 0.499 101.861 0.649
201612 0.525 101.863 0.683
201703 0.540 102.862 0.696
201706 0.531 103.349 0.681
201709 0.000 104.136 0.000
201712 0.000 104.011 0.000
201803 0.000 105.290 0.000
201806 0.563 106.317 0.702
201809 0.580 106.507 0.722
201812 0.612 105.998 0.765
201903 0.618 107.251 0.764
201906 0.632 108.070 0.775
201909 0.650 108.329 0.795
201912 0.658 108.420 0.804
202003 0.705 108.902 0.858
202006 0.696 108.767 0.848
202009 0.692 109.815 0.835
202012 0.680 109.897 0.820
202103 0.669 111.754 0.794
202106 0.669 114.631 0.774
202109 0.710 115.734 0.813
202112 0.745 117.630 0.840
202203 0.785 121.301 0.858
202206 0.881 125.017 0.934
202209 1.036 125.227 1.097
202212 1.168 125.222 1.236
202303 1.164 127.348 1.212
202306 1.251 128.729 1.288
202309 1.388 129.860 1.417
202312 1.864 129.419 1.909
202403 2.974 131.776 2.992
202406 3.233 132.554 3.233

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Super Micro Computer  (NEOE:SMCI) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Super Micro Computer Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Super Micro Computer's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Super Micro Computer Business Description

Address
980 Rock Avenue, San Jose, CA, USA, 95131
Super Micro Computer Inc provides high-performance server technology services to cloud computing, data center, Big Data, high-performance computing, and "Internet of Things" embedded markets. Its solutions include server, storage, blade and workstations to full racks, networking devices, and server management software. The firm follows a modular architectural approach, which provides flexibility to deliver customized solutions. The Company operates in one operating segment that develops and provides high-performance server solutions based upon an innovative, modular and open-standard architecture. More than half of the firm's revenue is generated in the United States, with the rest coming from Europe, Asia, and other regions.