Aug. 17 at 8:20 PM
$SMCI 🚀 THE VALUATION GAP IS GETTING RIDICULOUS.
Look at the P/E comparison:
🔥 SMCI: 11.85x trailing | 8.89x forward
🔹 HPE: 54.78x trailing | 15.13x forward
🔹 DELL: 39.23x trailing | 25.92x forward
🔹 CRWV: No meaningful P/E — unprofitable
🔹 NBIS: ~1,637x trailing
Now look at SMCI’s fundamentals:
•
$11.1B Q4 revenue
• ~93% YoY growth
•
$1.70 adjusted EPS
•
$65B–
$72B FY27 revenue guidance
• ~
$39B trailing revenue
Yet the market is pricing SMCI at less than 9x forward earnings.
DELL’s forward multiple is nearly 3x SMCI’s. HPE’s is roughly 70% higher.
That’s the opportunity Bulls are looking at. SMCI doesn’t need a crazy CRWV/NBIS-style valuation. A rerating toward even HPE’s forward multiple would represent roughly 70% multiple expansion, assuming earnings estimates hold.
The market has priced a massive risk discount into SMCI. If execution continues and that discount starts shrinking, the numbers leave plenty of room for upside.
$DELL $HPE $CRWV $NBIS 🔥📈
