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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
Super Micro Computer's Sloan Ratio for the quarter that ended in Mar. 2026 was 34.94%.
As of Mar. 2026, Super Micro Computer has a Sloan Ratio of 34.94%, indicating there is a warning stage of accrual build up.
Super Micro Computer (XSWX:SMCI) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Mar. 2026, Super Micro Computer has a Sloan Ratio of 34.94%, indicating there is a warning stage of accrual build up.
Super Micro Computer Sloan Ratio % Related Terms
Super Micro Computer Sloan Ratio % Historical Data
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The historical data trend for Super Micro Computer's Sloan 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.
XSWX:SMCI vs HPQ, P, IONQ: Sloan Ratio % Comparison
For the Computer Hardware subindustry, Super Micro Computer's Sloan Ratio %, along with its competitors' market caps and Sloan 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 Sloan Ratio % vs Hardware Industry
For the Hardware industry and Technology sector, Super Micro Computer's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Super Micro Computer's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Super Micro Computer's Sloan Ratio for the fiscal year that ended in Jun. 2025 is calculated as
Super Micro Computer's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 158.699 (Jun. 2025 ) + 133.972 (Sep. 2025 ) + 319.209 (Dec. 2025 ) + 380.571 (Mar. 2026 ) = CHF992 Mil.
Super Micro Computer's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 702.29 (Jun. 2025 ) + -730.44 (Sep. 2025 ) + -19.044 (Dec. 2025 ) + -5208.325 (Mar. 2026 ) = CHF-5,256 Mil.
Super Micro Computer's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -63.981 (Jun. 2025 ) + -25.69 (Sep. 2025 ) + -36.834 (Dec. 2025 ) + -76.587 (Mar. 2026 ) = CHF-203 Mil.
* 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 Sloan Ratio % of 34.94% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Super Micro Computer and its competitors.
Is Super Micro Computer's Sloan Ratio % too high?
Super Micro Computer's current Sloan Ratio % is 34.94%. 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 Sloan Ratio % compare to HPQ and P?
Super Micro Computer's Sloan Ratio % of 34.94% can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a Hardware company?
A good Sloan Ratio % depends on the Hardware industry context. However, Sloan Ratio % 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 Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Super Micro Computer and its competitors. Super Micro Computer's current Sloan Ratio % is 34.94%. 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 CHF71.75, compared to a current price of CHF22.38 — trading 68.8% below its estimated fair value. The current Sloan Ratio % is 34.94%. 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 Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Super Micro Computer (XSWX:SMCI), the current Sloan Ratio % is 34.94% 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 CHF22.38 is trading 68.8% below its estimated GF Value™ of CHF71.75.
GuruFocus considers Super Micro Computer to be Possible Value Trap.
Key valuation signals for XSWX:SMCI:
Sloan Ratio %: 34.94%
GF Value™: CHF71.75 vs. price of CHF22.38 (68.8% 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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