Super Micro Computer (NEOE:ZSMC) Cyclically Adjusted PB Ratio: 7.74 (As of Sep. 11, 2026) — 172% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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NEOE:ZSMC Super Micro Computer Inc NEOE:ZSMC
65 GF Score
Price C$7.59
GF Value C$16.19
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Super Micro Computer Cyclically Adjusted PB Ratio?

Super Micro Computer NEOE:ZSMC 65 Cyclically Adjusted PB Ratio is 7.74 as of Sep. 11, 2026, which is 172% above its 10-year median of 2.85. GuruFocus rates NEOE:ZSMC with a GF Score™ of 65/100 and a GF Value™ of C$16.19 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,929 Hardware companies, Super Micro Computer ranks worse than 87.82% on this metric.

As of today (2026-09-11), Super Micro Computer's current share price is C$7.59. Super Micro Computer's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was C$0.98. Super Micro Computer's Cyclically Adjusted PB Ratio for today is 7.74.

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

NEOE:ZSMC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.12   Med: 2.85   Max: 47.9
Current: 7.47

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 2.85.

NEOE:ZSMC's Cyclically Adjusted PB Ratio is ranked worse than
87.82% of 1929 companies
in the Hardware industry
Industry Median: 2.06 vs NEOE:ZSMC: 7.47

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. 2026 was C$21.906. 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$0.98 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Super Micro Computer  (NEOE:ZSMC) 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


Super Micro Computer Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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.

Super Micro Computer Cyclically Adjusted PB Ratio Chart

Super Micro Computer Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.16 11.46 28.75 12.59 5.63

Super Micro Computer Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 12.59 11.51 6.62 4.76 5.63

NEOE:ZSMC vs HPQ, P, IONQ: Cyclically Adjusted PB Ratio Comparison

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 Cyclically Adjusted PB Ratio vs 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.


NEOE:ZSMC
65GF Score
Super Micro Computer Inc NEOE:ZSMC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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
=7.59/0.98
=7.74

* 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. 2026 is calculated as:

For example, Super Micro Computer's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=21.906/333.9520*333.9520
=21.906

Current CPI (Jun. 2026) = 333.9520.

Super Micro Computer Quarterly Data

Book Value per Share CPI Adj_Book
201609 1.975 241.428 2.732
201612 2.078 241.432 2.874
201703 2.136 243.801 2.926
201706 2.102 244.955 2.866
201709 0.000 246.819 0.000
201712 0.000 246.524 0.000
201803 0.000 249.554 0.000
201806 2.227 251.989 2.951
201809 2.295 252.439 3.036
201812 2.423 251.233 3.221
201903 2.447 254.202 3.215
201906 2.503 256.143 3.263
201909 2.572 256.759 3.345
201912 2.607 256.974 3.388
202003 2.792 258.115 3.612
202006 2.755 257.797 3.569
202009 2.741 260.280 3.517
202012 2.691 260.474 3.450
202103 2.647 264.877 3.337
202106 2.648 271.696 3.255
202109 2.810 274.310 3.421
202112 2.949 278.802 3.532
202203 3.109 287.504 3.611
202206 3.489 296.311 3.932
202209 4.101 296.808 4.614
202212 4.627 296.797 5.206
202303 4.610 301.836 5.101
202306 4.953 305.109 5.421
202309 5.498 307.789 5.965
202312 7.382 306.746 8.037
202403 11.776 312.332 12.591
202406 12.624 314.175 13.419
202409 13.470 315.301 14.267
202412 14.976 315.605 15.847
202503 15.346 319.799 16.025
202506 14.497 322.561 15.009
202509 15.120 324.800 15.546
202512 16.105 324.054 16.597
202603 17.283 330.213 17.479
202606 21.906 333.952 21.906

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.

What does a Cyclically Adjusted PB Ratio of 7.74 mean?
Super Micro Computer (NEOE:ZSMC) has a Cyclically Adjusted PB Ratio of 7.74 as of Sep. 11, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Super Micro Computer and its competitors. This is 172% above median its historical median of 2.85. Over the past decade, Super Micro Computer's Cyclically Adjusted PB Ratio has ranged from 1.12 to 47.90. According to the industry distribution chart, Super Micro Computer ranks #1694 out of 1929 companies in the Hardware industry, placing it in the top 87.8%.
Is Super Micro Computer's Cyclically Adjusted PB Ratio too high?
Super Micro Computer's current Cyclically Adjusted PB Ratio of 7.74 is 172% above median its 10-year median of 2.85. Over the past 10 years, this metric has ranged from a low of 1.12 to a high of 47.90. The Hardware industry median Cyclically Adjusted PB Ratio is 2.06. Super Micro Computer's value of 7.74 is 275.7% above this industry median. Based on the distribution chart, Super Micro Computer ranks #1694 out of 1929 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Super Micro Computer has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Super Micro Computer's Cyclically Adjusted PB Ratio compare to HPQ and P?
According to the Hardware industry distribution chart, Super Micro Computer ranks #1694 out of 1929 companies for Cyclically Adjusted PB Ratio. This places Super Micro Computer in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.06. Super Micro Computer's value of 7.74 is 275.7% above this benchmark. Historically, Super Micro Computer's own Cyclically Adjusted PB Ratio has ranged from 1.12 to 47.90 over the past decade. While the company's 10-year median is 2.85 vs. the industry median of 2.06, Super Micro Computer has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.06, based on 1,929 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Super Micro Computer's current Cyclically Adjusted PB Ratio of 7.74 is 275.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Super Micro Computer and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Super Micro Computer's current Cyclically Adjusted PB Ratio is 7.74, which is 172% above median its own 10-year median of 2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Super Micro Computer stock overvalued right now?
Based on GuruFocus' analysis, Super Micro Computer (NEOE:ZSMC) is currently considered Possible Value Trap. The stock's GF Value™ is C$16.19, compared to a current price of C$7.59 — trading 53.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 7.74, which is 172% above median its 10-year median of 2.85 and 275.7% above the Hardware industry median of 2.06. Super Micro Computer's overall GF Score™ is 65/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Super Micro Computer (NEOE:ZSMC), the current Cyclically Adjusted PB Ratio is 7.74 as of Sep. 11, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Super Micro Computer (NEOE:ZSMC) Overvalued in 2026?

Based on GuruFocus' analysis, Super Micro Computer stock appears to be undervalued. The current stock price of C$7.59 is trading 53.1% below its estimated GF Value™ of C$16.19. GuruFocus considers Super Micro Computer to be Possible Value Trap.

Key valuation signals for NEOE:ZSMC:

  • Cyclically Adjusted PB Ratio: 7.74 (172% above median its 10-year median of 2.85)
  • GF Value™: C$16.19 vs. price of C$7.59 (53.1% below fair value)
  • GF Score™: 65/100 with 6 warning signs
  • Industry Position: 275.7% above the Hardware median (#1694 of 1929)

No single metric tells the full story. See the NEOE:ZSMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


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 centers, high-performance computing, and the Internet of Things embedded markets. Its solutions include servers, storage systems, modular blade servers, workstations, full-rack scale solutions, networking devices, server sub-systems, and server management. These turn-key solutions are designed, developed, validated, and installed for AI datacenters. The company has one operating segment that develops and provides high-performance server solutions based upon a, 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.
65GF Score

Get the complete analysis for NEOE:ZSMC

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$7.59
Price
C$16.19
GF Value