MU Micron Technology PE ratio, current and historical analysis
The current PE ratio for Micron Technology stock as of Feb 21, 2025 is 28.24. This is calculated based on the TTM EPS of $3.5 and the stock price of $98.84 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 28.24 is 54% 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: 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 |
|---|---|---|---|---|
| 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 |
| Sep 2021 | 14.15 | -36.18% | $73.99 | $5.23 |
| Jun 2021 | 22.17 | -24.54% | $82.03 | $3.7 |
MU average PE ratio chart
Currently, MU's PE ratio is above its 5 and 10-year averages, but it is under its 3-year average.
MU PE vs peers
When compared to its peer RMBS, MU's PE ratio is lower, but it is higher than STM's and WDC's. Micron Technology's PE ratio is trading above the peer average of 19.75.
| Stock name | PE ratio | Market cap |
|---|---|---|
| PLAB Photronics Inc | 10.26 | $1.38B |
| STM ST Microelectronics | 10.86 | $24.87B |
| WDC Western Digital Corp | 19.41 | $23.9B |
| MU Micron Technology Inc | 28.24 | $110.12B |
| RMBS Rambus Inc | 38.48 | $6.69B |
| INTC Intel Corp | N/A | $107.69B |
Frequently asked questions
What is Micron Technology's PE ratio?
The price to earnings ratio for MU stock as of Feb 21, 2025, stands at 28.24.
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 54% 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 (Feb 21, 2025), Micron Technology's share price is $98.84. 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 28.24. PE RATIO(28.24) = STOCK PRICE($98.84) / TTM EPS($3.5)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.