Question 1

What is Micron Technology's P/E ratio?

Accepted Answer

Micron Technology (MU) P/E ratio is 21.8× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

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

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Micron Technology specifically, the relevant sector benchmark is the current sector median of 29.4×.

Question 5

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

Accepted Answer

Micron Technology's P/E ratio of 21.8× is below its own 5-year average of 25.5× and below the sector median of 29.4×. That places the current reading at the 54th 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/E ratio range?

Accepted Answer

In the available daily series, Micron Technology (MU) P/E ratio has ranged from a low of 2.9× in 2018 to a high of 164.0× in 2024. The 5-year average is 25.5× and the 5-year median is 17.4×.

Question 7

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

Accepted Answer

Micron Technology (MU) P/E ratio at the end of 2025 was 15.9×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$136B	$8.54B	15.9×	-120.2×	Aug 28, 2025
2024	$106B	$778M	136.1×	—	Aug 29, 2024
2023	$76.6B	-$5.83B	—	—	Aug 31, 2023
2022	$62.9B	$8.69B	7.2×	-6.9×	Sep 1, 2022
2021	$83.1B	$5.86B	14.2×	-5.0×	Sep 2, 2021
2020	$51.5B	$2.69B	19.2×	+11.3×	Sep 3, 2020
2019	$49.3B	$6.31B	7.8×	+3.5×	Aug 29, 2019
2018	$61.1B	$14.1B	4.3×	-2.6×	Aug 30, 2018
2017	$35.5B	$5.09B	7.0×	—	Aug 31, 2017
2016	$16.6B	-$276M	—	—	Sep 1, 2016
2015	$17.6B	$2.9B	6.1×	-5.4×	Sep 3, 2015
2014	$35B	$3.05B	11.5×	-0.3×	Aug 28, 2014
2013	$14B	$1.19B	11.8×	—	Aug 29, 2013
2012	$6.26B	-$974M	—	—	Aug 30, 2012
2011	$5.7B	$167M	34.1×	+29.9×	Sep 1, 2011
2010	$7.8B	$1.85B	4.2×	—	Sep 2, 2010
2009	$6.05B	-$1.84B	—	—	Sep 3, 2009
2008	$2.99B	-$1.62B	—	—	Oct 8, 2008
2007	$8.08B	-$320M	—	—	Oct 12, 2007
2006	$12.4B	$408M	30.5×	-9.5×	Aug 31, 2006
2005	$7.52B	$188M	40.0×	-12.0×	Sep 1, 2005
2004	$8.17B	$157M	52.0×	—	Sep 2, 2004
2003	$8.65B	-$1.27B	—	—	Aug 28, 2003
2002	$10.4B	-$907M	—	—	Aug 29, 2002


Dell Technologies (DELL)	16.2×
Western Digital (WDC)	15.7×
Accenture (ACN)	15.4×
Gartner (IT)	14.9×
CDW (CDW)	14.5×
Adobe (ADBE)	14.4×
Leidos Holdings (LDOS)	14.1×
Zoom Communications (ZM)	13.8×
QUALCOMM (QCOM)	13.7×
PTC (PTC)	13.5×
Paycom Software (PAYC)	13.2×
Elastic N.V. (ESTC)	13.2×
Cognizant (CTSH)	13.1×
First Solar (FSLR)	12.7×
GoDaddy (GDDY)	12.7×
Gen Digital (GEN)	11.7×
Duolingo (DUOL)	10.9×
Super Micro Computer (SMCI)	10.9×
Science Applications International (SAIC)	10.3×
Fiserv (FISV)	9.3×
Fidelity National Information Services (FIS)	9.0×
HP (HPQ)	7.5×
Sunrun (RUN)	5.6×
Lyft (LYFT)	1.8×
IBM (IBM)	0.0×

P/E Ratio for Micron Technology (MU) 2004-2026

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

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

About P/E Ratio at Micron Technology (MU)

Micron Technology P/E Ratio by Year

Micron Technology P/E Ratio 2025: 15.9×

Micron Technology P/E Ratio 2024: 136.1×

Micron Technology P/E Ratio 2022: 7.2×

Micron Technology P/E Ratio 2021: 14.2×

Micron Technology P/E Ratio 2020: 19.2×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Micron Technology (MU) Key Financials