Super Micro Computer, Inc. (SMCI)

Electronic Computers

Latest Price

$36.74

TTM P/E

19.24

Normalized P/E

7.96

Div Yield

Book Value

12.67

P/B Ratio

2.90

Valuation metrics

EPS: $3.26

Book value / share: $22.04

Formula: √(22.5 × EPS × BVPS)

Graham Number

$40.21

+9% upside

Norm. op. income: $761M (median of 7yr)

Tax rate: 13%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$21.13

42% downside

Base FCF: $1.1B (median of recent 5yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$39.07

+6% upside

EPS: $3.26

Target P/E: 8×

Formula: EPS × P/E

P/E Fair Value

$26.08

29% downside

85.8% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
JANE STREET GROUP, LLC	50.63M	$1.48B	7.71%	+14.32M	2026-06-30
BlackRock, Inc.	47.69M	$1.40B	7.26%	+4.33M	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	36.36M	$1.07B	5.53%	+3.46M	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	32.86M	$963.0M	5.00%	+3.30M	2026-06-30
STATE STREET CORP	24.64M	$722.0M	3.75%	+2.62M	2026-06-30
UBS Group AG	21.29M	$624.0M	3.24%	+7.94M	2026-06-30
CITADEL ADVISORS LLC	20.37M	$597.0M	3.10%	-652.6K	2026-06-30
GOLDMAN SACHS GROUP INC	17.27M	$506.0M	2.63%	+13.59M	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	15.51M	$453.0M	2.36%	+1.35M	2026-06-30
Invesco Ltd.	11.72M	$343.0M	1.78%	-96.4K	2026-06-30