Micron Technology, Inc. (MU) Valuation
Historical valuation analysis based on 1280 data points (2021-09-13 to 2026-10-16)
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also...
Micron Technology, Inc. (MU) currently trades at a P/E ratio of 19.67 (historical range: 5.53–50.07, median: 20.62), placing it at the 44th percentile — near its historical average, P/S ratio of 10.99 (range: 1.69–18.21, 91th percentile — expensive relative to its history), EV/EBITDA of 16.11 (range: 4.71–40.79, 40th percentile).
Over the historical period (2021-09-13 to 2026-10-16), Micron Technology, Inc.'s P/E ratio has expanded by 68% over the observed period (from an average of 15.3 to 25.7).
Micron Technology, Inc. trades above its historical valuation range, with most metrics above their median levels.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 19.67 | 20.62 | 44th | near its historical average |
| P/S Ratio | 10.99 | 4.03 | 91th | expensive relative to its history |
| EV/EBITDA | 16.11 | 17.59 | 40th | near its historical average |
| FCF Yield | 2.64% | 1.66% | 69th | below its historical average |
Micron Technology, Inc. (MU) Valuation & P/E History
Micron Technology, Inc. (MU) is a US-listed stock operating in the Technology sector, specifically the Semiconductors industry currently trading at $872.50 with a market capitalization of $987.2 billion. This page provides historical valuation analysis for MU based on 1280 data points covering 2021-09-13 to 2026-10-16. The P/E ratio of 19.67 is below the historical median of 20.62, placing MU at the 44th percentile of its valuation range. The P/S ratio of 10.99 compares to a median of 4.03.
MU Valuation Metrics & Historical Range
The valuation table above shows Micron Technology, Inc.'s current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether MU is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests MU is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Micron Technology, Inc..
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is MU Overvalued or Undervalued?
Micron Technology, Inc. trades above its historical valuation range, with most metrics above their median levels. The overall valuation percentile of 58 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive MU is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full MU analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.MU trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.