MU
Micron Technology
PE ratio, current and historical analysis
- Stocks
- Technology
- NASDAQ: MU
- PE Ratio
The current PE ratio for Micron Technology stock as of Jun 10, 2026 is 41.56. This is calculated based on the TTM EPS of $21.46 and the stock price of $891.88 per share. The PE ratio has increased by 124% from its last 4 quarters average of 18.6.
MU PE ratio history
The average historical PE ratio of Micron Technology for the last ten years is 19.48. The current price-to-earnings ratio of 41.56 is 113% 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: -88.32% in 2025
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 15.95 | -88.32% | $122 | $7.65 |
| 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 |
Micron Technology PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Feb 2026 | 19.36 | -10.62% | $415.56 | $21.46 |
| Nov 2025 | 21.66 | 35.8% | $230.26 | $10.63 |
| Aug 2025 | 15.95 | -7.91% | $122 | $7.65 |
| 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 |
MU Price vs fair value
MU average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, MU's PE ratio is above its 3, 5 and 10-year averages.
PE comparison
Micron Technology's price to earnings (P/E) of 41.56 is higher than the Technology sector average but lower than the industry average. Looking at the Technology sector average of 35.11, Micron Technology's price to earnings (P/E) is 18% higher.
MU PE vs 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.
| Stock name | PE ratio | Market cap |
|---|---|---|
| PLAB Photronics Inc | 12.84 | $1.77B |
| WDC Western Digital Corp | 27.98 | $179.89B |
| MU Micron Technology Inc | 45.43 | $1.1T |
| RMBS Rambus Inc | 67.35 | $15.51B |
| STM ST Microelectronics | 456.29 | $68.94B |
| INTC Intel Corp | N/A | $590.96B |
Frequently asked questions
What is Micron Technology's PE ratio?
The price to earnings ratio for MU stock as of Jun 10, 2026, stands at 41.56.
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 37.25.
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 25.99.
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 113% 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 (Jun 10, 2026), Micron Technology's share price is $891.88. The company's earnings per share for the trailing twelve months (TTM) ending Feb 2026 is $21.46. Therefore, Micron Technology's price to earnings ratio for today is 41.56. PE RATIO(41.56) = STOCK PRICE($891.88) / TTM EPS($21.46)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.