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 May 21, 2025 is 22.82. This is calculated based on the TTM EPS of $4.2 and the stock price of $95.84 per share.
MU PE ratio history
The average historical PE ratio of Micron Technology for the last ten years is 18.79. The current price-to-earnings ratio of 22.82 is 21% 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 |
|---|---|---|---|---|
| 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 |
| Sep 2021 | 14.15 | -36.18% | $73.99 | $5.23 |
MU Price vs fair value
You can ether set your own Fair P/E multiple or use one of the automatically calculated Fair P/E multiples.
Fair P/E calculation
PE Ratio is an attempt to estimate a fair PE ratio of a stock based on its earnings and growth rate.
This formula is a modified version of the classic Graham-Dodd Formula (V= EPS x (8.5+2g)), originally developed by Benjamin Graham, to calculate the fair price of a stock based on its earnings and growth rate.
The formula we have created is an adaptation of this approach, designed to maintain a balance between simplicity and growth sensitivity.
It is calculated using the following formula:
IF g < 5: Fair PE = b
IF g >= 5: Fair PE = m × g
Here’s what each part of the formula means:
g: Growth is calculated as the average of the three-year average EPS growth rate and the one-year EPS growth rate (annually). This approach provides a balanced measure of growth by factoring in both the long-term growth trend and the most recent annual growth performance. If one of the growth metrics is not available, the remaining metric is used to determine growth. The fair P/E value is capped at 100 to prevent distortions caused by extreme EPS growth rates, such as those resulting from large percentage increases from a low base.
m: This is the long term historical median PEG (Price/Earnings to Growth) ratio of the overall market. It serves as a benchmark, adjusting the Fair PE based on typical market conditions.
b: Base PE (static value set to 8). If the company's growth rate is less than 5, the Fair PE is set at a conservative baseline of 8. This is because declining companies generally deserve a lower PE ratio.
Fixed vs Dynamic
Fixed: The Fair PE ratio for all data points is calculated using a single, constant average EPS growth rate, determined based on the most recent period. This means that the same growth rate is applied to all historical data points. Dynamic: The Fair PE ratio for each historical data point is calculated using the trailing average EPS growth rate specific to that point in time. This means that for each data point, the corresponding trailing EPS growth rate is used, ensuring that the Fair PE ratio reflects the growth conditions that were relevant at that specific point in history.
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 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 17.04.
| Stock name | PE ratio | Market cap |
|---|---|---|
| PLAB Photronics Inc | 8.31 | $1.26B |
| WDC Western Digital Corp | 10.71 | $17.37B |
| STM ST Microelectronics | 20.8 | $22.7B |
| MU Micron Technology Inc | 22.66 | $106.38B |
| RMBS Rambus Inc | 28.45 | $5.87B |
| INTC Intel Corp | N/A | $89.64B |
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Frequently asked questions
What is Micron Technology's PE ratio?
The price to earnings ratio for MU stock as of May 21, 2025, stands at 22.82.
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 35.96.
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 27.25.
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 21% 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 (May 21, 2025), Micron Technology's share price is $95.84. The company's earnings per share for the trailing twelve months (TTM) ending Feb 2025 is $4.2. Therefore, Micron Technology's price to earnings ratio for today is 22.82. PE RATIO(22.82) = STOCK PRICE($95.84) / TTM EPS($4.2)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.