Micron Technology (MU) valuation
Micron Technology P/E ratio history
Micron Technology trades at 11.9 times its earnings over the last twelve months and 5.0 times the earnings analysts expect over the next twelve. At its last 9 fiscal year ends its P/E ranged from 4.6 (year to Aug 2018) to 136.5 (year to Aug 2024), with a median of 12.9.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Sep 3, 2026 | $958.16 | $74.33 | 12.9 | — |
| Aug 28, 2025 | $122.00 | $7.59 | 16.1 | 10.9 |
| Aug 29, 2024 | $95.57 | $0.70 | 136.5 | 14.4 |
| Aug 31, 2023 | $69.94 | -$5.34 | n/m | — |
| Sep 1, 2022 | $57.31 | $7.75 | 7.4 | 8.3 |
| Sep 2, 2021 | $73.99 | $5.14 | 14.4 | 7.4 |
| Sep 3, 2020 | $46.33 | $2.37 | 19.6 | — |
| Aug 29, 2019 | $44.67 | $5.46 | 8.2 | — |
| Aug 30, 2018 | $52.76 | $11.52 | 4.6 | — |
| Aug 31, 2017 | $31.97 | $4.32 | 7.4 | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Micron Technology valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| Micron TechnologyMU | $999B | 11.9 | 5.0 | 7.5 |
| Advanced Micro DevicesAMD | $823B | 129.8 | 43.2 | 19.9 |
| BroadcomAVGO | $1.55T | 41.6 | 18.6 | 17.4 |
| Taiwan SemiconductorTSM | $2.11T | 29.9 | — | 14.9 |
| IntelINTC | $331B | — | 33.7 | 5.8 |
| Texas InstrumentsTXN | $275B | 39.0 | 27.6 | 13.2 |
| Arm HoldingsARM | $219B | 210.2 | 84.4 | 42.5 |
| Analog DevicesADI | $203B | 49.5 | 26.7 | 14.6 |
| NVIDIANVDA | $4.95T | 25.9 | 16.4 | 16.4 |
| Peer median | 41.6 | 27.6 | 15.6 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: MU financials · MU returns
No forecast, no recommendation. This page describes Micron Technology from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.