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MU Micron Technology PE ratio, current and historical analysis

The current PE ratio for Micron Technology stock as of Jul 2, 2025 is 21.78. This is calculated based on the TTM EPS of $5.59 and the stock price of $121.74 per share. The PE ratio has decreased by 57% from its last 4 quarters average of 50.9.

MU PE ratio history

How has MU's PE ratio performed in the past

The average historical PE ratio of Micron Technology for the last ten years is 19.07. The current price-to-earnings ratio of 21.78 is 14% 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.

Today
21.78
Average
19.07
Median
12.61
Minimum
2.96
Maximum
136.53

Micron Technology PE ratio by year

Maximum annual increase: 932.42% in 2011

Maximum annual decrease: -48.13% in 2022

Year PE ratio PE change Price EPS
2024 136.53 N/A $95.57 $0.7
2023 N/A N/A $69.94 -$5.34
2022 7.34 -48.13% $57.31 $7.81
2021 14.15 -26.07% $73.99 $5.23
2020 19.14 142.89% $46.33 $2.42
2019 7.88 83.26% $44.67 $5.67
2018 4.3 -37.23% $52.76 $12.27
2017 6.85 N/A $31.97 $4.67
2016 N/A N/A $16.64 -$0.27
2015 6.12 -46.46% $16.59 $2.71
2014 11.43 -2.31% $32.81 $2.87
2013 11.7 N/A $13.57 $1.16
2012 N/A N/A $6.18 -$1.04
2011 33.76 932.42% $5.74 $0.17
2010 3.27 N/A $6.83 $2.09

Micron Technology PE ratio by quarter (TTM)

Year PE ratio PE change Price EPS
May 2025 17.32 -20.77% $96.8 $5.59
Feb 2025 21.86 -22.1% $91.82 $4.2
Nov 2024 28.06 -79.45% $98.2 $3.5
Aug 2024 136.53 N/A $95.57 $0.7
May 2024 N/A N/A $126.29 -$1.41
Feb 2024 N/A N/A $90.61 -$3.44
Nov 2023 N/A N/A $76.12 -$6.28
Aug 2023 N/A N/A $69.94 -$5.34
Jun 2023 N/A N/A $69.09 -$2.66
Mar 2023 39.46 296.18% $56.43 $1.43
Dec 2022 9.96 35.69% $55.49 $5.57
Sep 2022 7.34 -13.75% $57.31 $7.81
Jun 2022 8.51 -23.19% $75.37 $8.86
Mar 2022 11.08 -12.13% $89.18 $8.05
Dec 2021 12.61 -10.88% $82.88 $6.57

MU Price vs fair value

How does MU's price compare to its estimated fair value based on its growth

MU average PE ratio chart

What is the average PE ratio of MU for the past years

Currently, MU's PE ratio is above its 10-year average, but it is under its 3 and 5-year averages.

3-year avg
37.22
5-year avg
26.9
10-year avg
19.07
15-year avg
16.76

MU PE vs peers

What is MU's PE ratio compared to its peers

When compared to its peers STM and RMBS, MU's PE ratio is lower, but it is higher than WDC's and PLAB's. Micron Technology's PE ratio is trading above the peer average of 21.08.

Stock name PE ratio Market cap
PLAB Photronics Inc 10.33 $1.21B
WDC Western Digital Corp 14.15 $22.95B
MU Micron Technology Inc 21.78 $136.24B
STM ST Microelectronics 25.98 $28.35B
RMBS Rambus Inc 33.85 $6.98B
INTC Intel Corp N/A $95.44B

Frequently asked questions

What is Micron Technology's PE ratio?

The price to earnings ratio for MU stock as of Jul 2, 2025, stands at 21.78.

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 37.22.

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 26.9.

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 14% 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 (Jul 2, 2025), Micron Technology's share price is $121.74. The company's earnings per share for the trailing twelve months (TTM) ending May 2025 is $5.59. Therefore, Micron Technology's price to earnings ratio for today is 21.78. PE RATIO(21.78) = STOCK PRICE($121.74) / TTM EPS($5.59)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.