Question 1

What is Super Micro Computer's P/FCF ratio?

Accepted Answer

Super Micro Computer (SMCI) P/FCF ratio is 54.2× as of May 8, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Super Micro Computer?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Super Micro Computer specifically, the relevant sector benchmark is the current sector median of 21.8×.

Question 5

Is Super Micro Computer's P/FCF ratio high or low?

Accepted Answer

Super Micro Computer's P/FCF ratio of 54.2× is below its own 5-year average of 98.0× and above the sector median of 21.8×. That places the current reading at the 75th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Super Micro Computer's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Super Micro Computer (SMCI) P/FCF ratio has ranged from a low of 4.1× in 2019 to a high of 9848.8× in 2007. The 5-year average is 98.0× and the 5-year median is 24.6×.

Question 7

What was Super Micro Computer's P/FCF ratio in 2025?

Accepted Answer

Super Micro Computer (SMCI) P/FCF ratio at the end of 2025 was 19.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Super Micro Computer's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$29.3B	$1.53B	19.1×	—	Jun 30, 2025
2024	$48.1B	-$2.6B	—	—	Jun 30, 2024
2023	$13.1B	$627M	21.0×	—	Jun 30, 2023
2022	$2.11B	-$486M	—	—	Jun 30, 2022
2021	$1.77B	$64.9M	27.2×	—	Jun 30, 2021
2020	$1.48B	-$74.7M	—	—	Jun 30, 2020
2019	$967M	$238M	4.1×	-15.7×	Jun 30, 2019
2018	$1.17B	$59.5M	19.7×	—	Jun 30, 2018
2017	$1.21B	-$126M	—	—	Jun 30, 2017
2016	$1.21B	$74.8M	16.1×	—	Jun 30, 2016
2015	$1.4B	-$79.7M	—	—	Jun 30, 2015
2014	$1.14B	-$34M	—	—	Jun 30, 2014
2013	$456M	$8.58M	53.2×	—	Jun 30, 2013
2012	$660M	-$5.53M	—	—	Jun 30, 2012
2011	$615M	-$16.9M	—	—	Jun 30, 2011
2010	$487M	-$24.4M	—	—	Jun 30, 2010
2009	$265M	$18.3M	14.5×	-83.8×	Jun 30, 2009
2008	$238M	$2.42M	98.3×	+75.5×	Jun 30, 2008
2007	$272M	$11.9M	22.8×	—	Jun 30, 2007
2006	$194M	—	—	—	Jun 30, 2006
2005	$192M	—	—	—	Jun 30, 2005


Zebra Technologies (ZBRA)	12.2×
Skyworks Solutions (SWKS)	11.9×
Cognizant (CTSH)	11.8×
NetApp (NTAP)	11.5×
Duolingo (DUOL)	11.1×
Block (XYZ)	11.0×
QUALCOMM (QCOM)	10.8×
Leidos Holdings (LDOS)	10.8×
Workday (WDAY)	10.5×
Salesforce (CRM)	10.5×
Qorvo (QRVO)	10.4×
Adobe (ADBE)	9.8×
Accenture (ACN)	9.6×
Strategy (MSTR)	9.2×
Gartner (IT)	8.8×
Fidelity National Information Services (FIS)	8.7×
DocuSign (DOCU)	8.0×
Gen Digital (GEN)	7.5×
Fiserv (FISV)	7.2×
Science Applications International (SAIC)	7.0×
Hewlett Packard Enterprise (HPE)	6.8×
GoDaddy (GDDY)	6.7×
HP (HPQ)	5.1×
Lyft (LYFT)	4.5×
IBM (IBM)	0.0×

P/FCF Ratio for Super Micro Computer (SMCI) 2007-2026

P/FCF Ratio daily chart for Super Micro Computer (SMCI)

Historical P/FCF Ratio for Super Micro Computer (SMCI) from 2005 to 2025

About P/FCF Ratio at Super Micro Computer (SMCI)

Super Micro Computer P/FCF Ratio by Year

Super Micro Computer P/FCF Ratio 2025: 19.1×

Super Micro Computer P/FCF Ratio 2023: 21.0×

Super Micro Computer P/FCF Ratio 2021: 27.2×

Super Micro Computer P/FCF Ratio 2019: 4.1×

Super Micro Computer P/FCF Ratio 2018: 19.7×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Super Micro Computer (SMCI) Key Financials