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Super Micro ComputerXSWX:SMCI +3.64%60 Graham Number is CHF20.17 as of Mar. 2026, which is 100% below its 10-year median of 1.04. GuruFocus rates XSWX:SMCI with a GF Score™ of 60/100 and a GF Value™ of CHF70.71 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,620 Hardware companies, Super Micro Computer ranks better than 75.31% on this metric.
Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
As of today (2026-07-22), the stock price of Super Micro Computer is CHF20.25. Super Micro Computer's graham number for the quarter that ended in Mar. 2026 was CHF20.17. Therefore, Super Micro Computer's Price to Graham Number ratio for today is 1.00.
The historical rank and industry rank for Super Micro Computer's Graham Number or its related term are showing as below:
XSWX:SMCI'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.56 Med: 1.04 Max: 5.21
Current: 1
During the past 13 years, the highest Price to Graham Number ratio of Super Micro Computer was 5.21. The lowest was 0.56. And the median was 1.04.
XSWX:SMCI's Price-to-Graham-Number is ranked better than 75.31% of 1620
companies
in the Hardware industry
Industry Median: 1.85
vs XSWX:SMCI: 1.00
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Super Micro Computer (XSWX:SMCI) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
Super Micro Computer's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
20.25
/
20.17
=
1.00
* 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.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
Super Micro Computer Graham Number Related Terms
Super Micro Computer Graham Number Historical Data
* Premium members only.
The historical data trend for Super Micro Computer's Graham Number 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.
XSWX:SMCI vs HPQ, IONQ, P: Graham Number Comparison
For the Computer Hardware subindustry, Super Micro Computer's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number 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 Price-to-Graham-Number vs Hardware Industry
For the Hardware industry and Technology sector, Super Micro Computer's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Super Micro Computer's Price-to-Graham-Number falls into.
* 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 (XSWX:SMCI) has a Graham Number of CHF20.17 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Super Micro Computer and its competitors. This is 1839% above median its historical median of 1.04. Over the past decade, Super Micro Computer's Graham Number has ranged from 0.56 to 5.21. According to the industry distribution chart, Super Micro Computer ranks #400 out of 1620 companies in the Hardware industry, placing it in the top 24.7%.
Is Super Micro Computer's Graham Number too high?
Super Micro Computer's current Graham Number of CHF20.17 is 1839% above median its 10-year median of 1.04. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 5.21. Based on the distribution chart, Super Micro Computer ranks #400 out of 1620 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Super Micro Computer has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Super Micro Computer's Graham Number compare to HPQ and IONQ?
According to the Hardware industry distribution chart, Super Micro Computer ranks #400 out of 1620 companies for Graham Number. This places Super Micro Computer in the top 25% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.85. Historically, Super Micro Computer's own Graham Number has ranged from 0.56 to 5.21 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for a Hardware company?
The median Graham Number among Hardware companies is 1.85, based on 1,620 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Super Micro Computer and its competitors. For the Hardware industry, the median Graham Number is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Super Micro Computer's current Graham Number is CHF20.17, which is 1839% above median its own 10-year median of 1.04. 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 (XSWX:SMCI) is currently considered Possible Value Trap. The stock's GF Value™ is CHF70.71, compared to a current price of CHF20.25 — trading 71.4% below its estimated fair value. The current Graham Number is CHF20.17, which is 1839% above median its 10-year median of 1.04. Super Micro Computer's overall GF Score™ is 60/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Super Micro Computer (XSWX:SMCI), the current Graham Number is CHF20.17 as of Mar. 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 (XSWX:SMCI) Overvalued in 2026?
Based on GuruFocus' analysis, Super Micro Computer stock appears to be undervalued.
The current stock price of CHF20.25 is trading 71.4% below its estimated GF Value™ of CHF70.71.
GuruFocus considers Super Micro Computer to be Possible Value Trap.
Key valuation signals for XSWX:SMCI:
Graham Number: CHF20.17 (1839% above median its 10-year median of 1.04)
GF Value™: CHF70.71 vs. price of CHF20.25 (71.4% below fair value)
No single metric tells the full story. See the XSWX:SMCI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
60GF Score
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