Super Micro ComputerXSWX:SMCI +0.02%61 ROC (Joel Greenblatt) % is 23.40% as of Mar. 2026, which is 40% above its 10-year median of 16.69. GuruFocus rates XSWX:SMCI with a GF Score™ of 61/100 and a GF Value™ of CHF67.80 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,489 Hardware companies, Super Micro Computer ranks better than 67.06% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Super Micro Computer's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 23.40%.
The historical rank and industry rank for Super Micro Computer's ROC (Joel Greenblatt) % or its related term are showing as below:
XSWX:SMCI'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 11.01 Med: 16.69 Max: 42.77
Current: 20.03
During the past 13 years, Super Micro Computer's highest ROC (Joel Greenblatt) % was 42.77%. The lowest was 11.01%. And the median was 16.69%.
XSWX:SMCI's ROC (Joel Greenblatt) % is ranked better than 67.06% of 2489
companies
in the Hardware industry
Industry Median: 10.36
vs XSWX:SMCI: 20.03
Super Micro Computer's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was 21.20% per year.
Super Micro Computer (XSWX:SMCI) ROC (Joel Greenblatt) % Explanation
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Super Micro Computer ROC (Joel Greenblatt) % Related Terms
Super Micro Computer ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Super Micro Computer's ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % Chart
XSWX:SMCI vs HPQ, IONQ, P: ROC (Joel Greenblatt) % Comparison
For the Computer Hardware subindustry, Super Micro Computer's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs Hardware Industry
For the Hardware industry and Technology sector, Super Micro Computer's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Super Micro Computer's ROC (Joel Greenblatt) % falls into.
Super Micro Computer ROC (Joel Greenblatt) % Calculation
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.
* 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.
What does a ROC (Joel Greenblatt) % of 23.40% mean?
Super Micro Computer (XSWX:SMCI) has a ROC (Joel Greenblatt) % of 23.40% as of Mar. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Super Micro Computer and its competitors. This is 40% above median its historical median of 16.69. Over the past decade, Super Micro Computer's ROC (Joel Greenblatt) % has ranged from 11.01 to 42.77. According to the industry distribution chart, Super Micro Computer ranks #820 out of 2489 companies in the Hardware industry, placing it in the top 32.9%.
Is Super Micro Computer's ROC (Joel Greenblatt) % too high?
Super Micro Computer's current ROC (Joel Greenblatt) % of 23.40% is 40% above median its 10-year median of 16.69. Over the past 10 years, this metric has ranged from a low of 11.01 to a high of 42.77. The Hardware industry median ROC (Joel Greenblatt) % is 10.36. Super Micro Computer's value of 23.40% is 125.9% above this industry median. Based on the distribution chart, Super Micro Computer ranks #820 out of 2489 companies in the Hardware industry, which is above the industry midpoint. Overall, Super Micro Computer has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Super Micro Computer's ROC (Joel Greenblatt) % compare to HPQ and IONQ?
According to the Hardware industry distribution chart, Super Micro Computer ranks #820 out of 2489 companies for ROC (Joel Greenblatt) %. This puts Super Micro Computer in the upper half of its industry. The industry median ROC (Joel Greenblatt) % is 10.36. Super Micro Computer's value of 23.40% is 125.9% above this benchmark. Historically, Super Micro Computer's own ROC (Joel Greenblatt) % has ranged from 11.01 to 42.77 over the past decade. While the company's 10-year median is 16.69 vs. the industry median of 10.36, 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 ROC (Joel Greenblatt) % for a Hardware company?
The median ROC (Joel Greenblatt) % among Hardware companies is 10.36, based on 2,489 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Super Micro Computer's current ROC (Joel Greenblatt) % of 23.40% is 125.9% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Super Micro Computer and its competitors. For the Hardware industry, the median ROC (Joel Greenblatt) % is 10.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Super Micro Computer's current ROC (Joel Greenblatt) % is 23.40%, which is 40% above median its own 10-year median of 16.69. 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 CHF67.80, compared to a current price of CHF23.16 — trading 65.8% below its estimated fair value. The current ROC (Joel Greenblatt) % is 23.40%, which is 40% above median its 10-year median of 16.69 and 125.9% above the Hardware industry median of 10.36. Super Micro Computer's overall GF Score™ is 61/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Super Micro Computer (XSWX:SMCI), the current ROC (Joel Greenblatt) % is 23.40% 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 CHF23.16 is trading 65.8% below its estimated GF Value™ of CHF67.80.
GuruFocus considers Super Micro Computer to be Possible Value Trap.
Key valuation signals for XSWX:SMCI:
ROC (Joel Greenblatt) %: 23.40% (40% above median its 10-year median of 16.69)
GF Value™: CHF67.80 vs. price of CHF23.16 (65.8% below fair value)
Industry Position: 125.9% above the Hardware median (#820 of 2489)
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.
61GF Score
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