Aug. 27 at 8:25 PM
$SMCI 🚨 LOOK AT THESE VALUATIONS AND TELL ME WHICH ONE LOOKS CHEAP.
Current approximate P/E:
🔥 SMCI — 11.5x trailing / 8.6x forward
🔹
$DELL — 37.1x trailing / 24.1x forward
🔹
$HPE — 51.5x trailing / 14.1x forward
🔹
$IREN — roughly 55x trailing / ~137x forward*
🔹
$NBIS — roughly 1,383x trailing / forward P/E N/A
🔹 Coreweave — P/E N/A because earnings don’t currently support a meaningful P/E comparison
Meanwhile, SMCI is targeting
$65B–
$72B of FY27 revenue while sitting at only about 8.6x forward earnings. 🤯
Think about that.
DELL gets ~24x forward earnings while SMCI gets ~9x.
If SMCI were simply valued at DELL’s 24x forward multiple, that’s roughly a 2.8X multiple rerating before even considering future EPS growth.
Even a conservative rerating:
➡️ 15x = ~74% higher multiple
➡️ 20x = ~132% higher
➡️ 25x = ~190% higher
This is why I remain extremely bullish.
The market doesn’t need to give SuperMicro a crazy AI valuation. It simply needs to stop valuing one of the fastest-growing profitable AI infrastructure companies like something is permanently broken.
AI growth + earnings + massive revenue scale + multiple normalization = serious upside.
The numbers are staring the market in the face. 👀🐂🔥
