Question 1

What is Micron Technology's P/B ratio?

Accepted Answer

Micron Technology (MU) P/B ratio is 13.6× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Micron Technology?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Micron Technology specifically, the relevant sector benchmark is the current sector median of 6.0×.

Question 5

Is Micron Technology's P/B ratio high or low?

Accepted Answer

Micron Technology's P/B ratio of 13.6× is above its own 5-year average of 2.3× and above the sector median of 6.0×. That places the current reading at the 99th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Micron Technology's historical P/B ratio range?

Accepted Answer

In the available daily series, Micron Technology (MU) P/B ratio has ranged from a low of 0.3× in 2008 to a high of 17.0× in 2026. The 5-year average is 2.3× and the 5-year median is 2.1×.

Question 7

What was Micron Technology's P/B ratio in 2025?

Accepted Answer

Micron Technology (MU) P/B ratio at the end of 2025 was 2.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Micron Technology's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$136.15B	$54.16B	2.5×	+0.2×	Aug 28, 2025
2024	$105.89B	$45.13B	2.3×	+0.6×	Aug 29, 2024
2023	$76.58B	$44.12B	1.7×	+0.5×	Aug 31, 2023
2022	$62.87B	$49.91B	1.3×	-0.6×	Sep 1, 2022
2021	$83.09B	$43.93B	1.9×	+0.6×	Sep 2, 2021
2020	$51.47B	$39.00B	1.3×	-0.1×	Sep 3, 2020
2019	$49.32B	$35.88B	1.4×	-0.5×	Aug 29, 2019
2018	$61.15B	$32.29B	1.9×	-0.0×	Aug 30, 2018
2017	$35.45B	$18.62B	1.9×	+0.5×	Aug 31, 2017
2016	$16.65B	$12.08B	1.4×	-0.1×	Sep 1, 2016
2015	$17.59B	$12.30B	1.4×	-1.8×	Sep 3, 2015
2014	$35.04B	$10.77B	3.3×	+1.7×	Aug 28, 2014
2013	$14.02B	$9.14B	1.5×	+0.7×	Aug 29, 2013
2012	$6.26B	$7.70B	0.8×	+0.1×	Aug 30, 2012
2011	$5.70B	$8.47B	0.7×	-0.3×	Sep 1, 2011
2010	$7.80B	$8.02B	1.0×	-0.3×	Sep 2, 2010
2009	$6.05B	$4.65B	1.3×	—	Sep 3, 2009
2008	$2.99B	$6.18B	0.5×	-0.6×	Oct 8, 2008
2007	$8.08B	$7.75B	1.0×	—	Oct 12, 2007
2006	$12.44B	$8.11B	1.5×	+0.2×	Aug 31, 2006
2005	$7.52B	$5.85B	1.3×	-0.2×	Sep 1, 2005
2004	$8.17B	$5.61B	1.5×	-0.3×	Sep 2, 2004
2003	$8.65B	$4.97B	1.7×	+0.1×	Aug 28, 2003
2002	$10.42B	$6.31B	1.7×	—	Aug 29, 2002


Duolingo (DUOL)	3.3×
Unity Software (U)	3.2×
Synopsys (SNPS)	3.0×
Science Applications International (SAIC)	2.9×
Zebra Technologies (ZBRA)	2.9×
Zoom Communications (ZM)	2.9×
Trimble (TRMB)	2.7×
Twilio (TWLO)	2.5×
Amkor Technology (AMKR)	2.5×
EPAM Systems (EPAM)	2.1×
Qorvo (QRVO)	2.1×
IonQ (IONQ)	2.1×
Intel (INTC)	2.0×
Roper Technologies (ROP)	2.0×
Cognizant (CTSH)	1.9×
Okta (OKTA)	1.9×
Super Micro Computer (SMCI)	1.8×
Lyft (LYFT)	1.7×
Block (XYZ)	1.7×
Block (SQ)	1.6×
Hewlett Packard Enterprise (HPE)	1.5×
Fidelity National Information Services (FIS)	1.5×
Skyworks Solutions (SWKS)	1.4×
Fiserv (FISV)	1.1×
Strategy (MSTR)	0.9×

P/B Ratio for Micron Technology (MU)

P/B Ratio daily chart for Micron Technology (MU)

Historical P/B Ratio for Micron Technology (MU) from 2002 to 2025

About P/B Ratio at Micron Technology (MU)

Micron Technology P/B Ratio by Year

Micron Technology P/B Ratio 2025: 2.5×

Micron Technology P/B Ratio 2024: 2.3×

Micron Technology P/B Ratio 2023: 1.7×

Micron Technology P/B Ratio 2022: 1.3×

Micron Technology P/B Ratio 2021: 1.9×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Micron Technology (MU) Key Financials

P/B Ratio daily chart for Micron Technology (MU)

Historical P/B Ratio for Micron Technology (MU) from 2002 to 2025

About P/B Ratio at Micron Technology (MU)

Micron Technology P/B Ratio by Year

Micron Technology P/B Ratio 2025: 2.5×

Micron Technology P/B Ratio 2024: 2.3×

Micron Technology P/B Ratio 2023: 1.7×

Micron Technology P/B Ratio 2022: 1.3×

Micron Technology P/B Ratio 2021: 1.9×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Micron Technology's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for Micron Technology?

+Is Micron Technology's P/B ratio high or low?

+What is Micron Technology's historical P/B ratio range?

+What was Micron Technology's P/B ratio in 2025?

+Why does Micron Technology's P/B ratio change over time?

Micron Technology (MU) Key Financials