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Super Micro Computer (Super Micro Computer) Cyclically Adjusted PS Ratio : 10.40 (As of Apr. 29, 2024)


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What is Super Micro Computer Cyclically Adjusted PS Ratio?

As of today (2024-04-29), Super Micro Computer's current share price is $870.71. Super Micro Computer's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $83.73. Super Micro Computer's Cyclically Adjusted PS Ratio for today is 10.40.

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

SMCI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.33   Med: 0.86   Max: 13.62
Current: 10.24

During the past years, Super Micro Computer's highest Cyclically Adjusted PS Ratio was 13.62. The lowest was 0.33. And the median was 0.86.

SMCI's Cyclically Adjusted PS Ratio is ranked worse than
96.94% of 1896 companies
in the Hardware industry
Industry Median: 1.02 vs SMCI: 10.24

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Super Micro Computer's adjusted revenue per share data for the three months ended in Dec. 2023 was $63.103. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $83.73 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Super Micro Computer Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Super Micro Computer's Cyclically Adjusted PS 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 PS Ratio Chart

Super Micro Computer Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.47 0.62 0.67 0.63 3.31

Super Micro Computer Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PS 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 1.19 1.49 3.31 3.48 3.39

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

For the Computer Hardware subindustry, Super Micro Computer's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio Distribution in the Hardware Industry

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

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



Super Micro Computer Cyclically Adjusted PS Ratio Calculation

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

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=870.71/83.73
=10.40

* 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 Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Super Micro Computer's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=63.103/129.4194*129.4194
=63.103

Current CPI (Dec. 2023) = 129.4194.

Super Micro Computer Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 7.881 99.695 10.231
201406 8.830 100.560 11.364
201409 8.922 100.428 11.498
201412 9.845 99.070 12.861
201503 9.061 99.621 11.771
201506 11.343 100.684 14.580
201509 10.498 100.392 13.533
201512 12.454 99.792 16.151
201603 9.829 100.470 12.661
201606 10.131 101.688 12.894
201609 10.344 101.861 13.143
201612 12.872 101.863 16.354
201703 11.842 102.862 14.899
201706 13.047 103.349 16.338
201709 13.665 104.136 16.983
201712 16.763 104.011 20.858
201803 16.160 105.290 19.863
201806 18.758 106.317 22.834
201809 18.597 106.507 22.598
201812 18.333 105.998 22.384
201903 14.421 107.251 17.402
201906 16.367 108.070 19.600
201909 15.469 108.329 18.481
201912 16.746 108.420 19.989
202003 14.386 108.902 17.096
202006 16.547 108.767 19.689
202009 14.005 109.815 16.505
202012 15.495 109.897 18.248
202103 16.834 111.754 19.495
202106 20.251 114.631 22.863
202109 19.516 115.734 21.824
202112 21.910 117.630 24.106
202203 25.202 121.301 26.889
202206 30.143 125.017 31.205
202209 33.665 125.227 34.792
202212 32.117 125.222 33.194
202303 22.821 127.348 23.192
202306 38.676 128.729 38.884
202309 37.067 129.860 36.941
202312 63.103 129.419 63.103

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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  (NAS:SMCI) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Super Micro Computer Cyclically Adjusted PS Ratio Related Terms

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


Super Micro Computer (Super Micro Computer) Business Description

Traded in Other Exchanges
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.
Executives
Daniel W Fairfax director 1421 MCCARTHY BLVD., MILPITAS CA 95035
Robert L Blair director 48401 FREMONT BLVD, FREMONT CA 94538
Liu Liang Chiu-chu Sara director, 10 percent owner, officer: Senior VP and Treasurer 980 ROCK AVE, SAN JOSE CA 95131
Charles Liang director, 10 percent owner, officer: President and CEO SUPER MICRO COMPUTER, INC., 980 ROCK AVE, SAN JOSE CA 95131
Sherman Tuan director C/O ABOVENET COMMUNICATIONS INC, 50 W SAN FERNANDO STREET, SAN JOSE CA 95113
David E Weigand officer: SVP, CHIEF COMPLIANCE OFFICER 980 ROCK AVENUE, SAN JOSE CA 95131
George Kao officer: SVP, OPERATIONS 980 ROCK AVENUE, SAN JOSE CA 95131
Shiu Leung Chan director 48401 FREMONT BLVD, FREMONT CA 94538
Don W Clegg officer: SVP, Worldwide Sales 980 ROCK AVENUE, SAN JOSE CA 95131
Judy L. Lin director 980 ROCK AVENUE, SAN JOSE CA 95131
Tally C Liu director 50 W SAN FERNANDO ST 15TH FLR, SAN JOSE CA 95113
Hwei-ming Fred Tsai director 980 ROCK AVE, SAN JOSE CA 95131
Kevin S Bauer officer: Chief Financial Officer 980 ROCK AVE., SAN JOSE CA 95131
Cheng-hsien Phidias Chou officer: VP Worldwide Sales 980 ROCK AVENUE, SAN JOSE CA 95131
Howard Hideshima officer: Chief Financial Officer 980 ROCK AVENUE, SAN JOSE CA 95131