MU Micron Technology PE ratio, current and historical analysis
The current PE ratio for Micron Technology stock as of Nov 21, 2024 is 146.8. This is calculated based on the TTM EPS of $0.7 and the stock price of $102.76 per share.
MU PE ratio history
The average historical PE ratio of Micron Technology for the last ten years is 17.84. The current price-to-earnings ratio of 146.8 is in line with 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 3, 5 and 10-year averages.
MU PE vs peers
When compared to its peer stocks WDC and STM, MU's PE ratio is higher. Micron Technology's current PE ratio of 146.8 is in line with the average of its peers, which is 31.13.
| Stock name | PE ratio | Market cap |
|---|---|---|
| STM ST Microelectronics | 9.66 | $22.12B |
| PLAB Photronics Inc | 10.58 | $1.55B |
| RMBS Rambus Inc | 33.43 | $5.81B |
| WDC Western Digital Corp | 70.84 | $22.78B |
| MU Micron Technology Inc | 146.8 | $113.93B |
| INTC Intel Corp | N/A | $105.41B |
Frequently asked questions
What is Micron Technology's PE ratio?
The price to earnings ratio for MU stock as of Nov 21, 2024, stands at 146.8.
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 32.21.
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 26.55.
What is the highest PE ratio for MU?
The current PE of 146.8 represents the highest historical value in the last ten years.
How does the current PE ratio for MU compare to its historical average?
The current PE ratio of MU is 723% higher than the 10-year historical average.
Why is Micron Technology's PE ratio so high?
MU's PE ratio of 146.8 is considered high because the company's stock price is trading at a higher multiple of earnings.
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 (Nov 21, 2024), Micron Technology's share price is $102.76. The company's earnings per share for the trailing twelve months (TTM) ending Aug 2024 is $0.7. Therefore, Micron Technology's price to earnings ratio for today is 146.8. PE RATIO(146.8) = STOCK PRICE($102.76) / TTM EPS($0.7)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.