MU Micron Technology PE ratio, current and historical analysis
The current PE ratio for Micron Technology stock as of Dec 20, 2024 is 25.75. This is calculated based on the TTM EPS of $3.5 and the stock price of $90.12 per share.
MU PE ratio history
The average historical PE ratio of Micron Technology for the last ten years is 18.37. The current price-to-earnings ratio of 25.75 is 40% more than the historical average. Analyzing the last ten years, MU's PE ratio reached its highest point in the Aug 2024 quarter at 136.53, when the price was $95.57 and the EPS was $0.7. The lowest point was recorded in the Nov 2018 quarter, when it reached 2.96 with a price of $37.91 and an EPS of $12.81.
Micron Technology PE ratio by year
Maximum annual increase: 142.89% in 2020
Maximum annual decrease: -48.13% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2024 | 136.53 | N/A |
| 2023 | N/A | N/A |
| 2022 | 7.34 | -48.13% |
| 2021 | 14.15 | -26.07% |
| 2020 | 19.14 | 142.89% |
| 2019 | 7.88 | 83.26% |
| 2018 | 4.3 | -37.23% |
| 2017 | 6.85 | N/A |
| 2016 | N/A | N/A |
| 2015 | 6.12 | -46.46% |
MU average PE ratio chart
Currently, MU's PE ratio is above its 10-year average, but it is under its 3 and 5-year averages.
MU PE vs peers
When compared to its peers WDC and RMBS, MU's PE ratio is lower, but it is higher than STM's and PLAB's. Micron Technology's PE ratio is trading below the peer average of 29.52.
| Stock name | PE ratio | Market cap |
|---|---|---|
| STM ST Microelectronics | 9.69 | $22.19B |
| PLAB Photronics Inc | 11.34 | $1.52B |
| MU Micron Technology Inc | 25.75 | $100.41B |
| RMBS Rambus Inc | 32.26 | $5.6B |
| WDC Western Digital Corp | 64.77 | $20.83B |
| INTC Intel Corp | N/A | $84.19B |
Frequently asked questions
What is Micron Technology's PE ratio?
The price to earnings ratio for MU stock as of Dec 20, 2024, stands at 25.75.
What is the 3-year average PE ratio for Micron Technology (MU)?
Over the last 3 years, the average PE ratio for MU stock is 34.42.
What is the 5-year average PE ratio for Micron Technology (MU)?
Over the last 5 years, the average PE ratio for MU stock is 27.41.
What is the highest PE ratio for MU?
The highest quarterly PE ratio in the last ten years has been 136.53 and it was in the Aug 2024 quarter.
How does the current PE ratio for MU compare to its historical average?
The current PE ratio of MU is 40% higher than the 10-year historical average.
How is MU's PE ratio calculated (Micron Technology PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Dec 20, 2024), Micron Technology's share price is $90.12. The company's earnings per share for the trailing twelve months (TTM) ending Nov 2024 is $3.5. Therefore, Micron Technology's price to earnings ratio for today is 25.75. PE RATIO(25.75) = STOCK PRICE($90.12) / TTM EPS($3.5)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.