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MICRON TECHNOLOGY INC MU

Nasdaq · stock · Semiconductors & Related Devices · website · IPO 1984-06-01 · LEI

MICRON TECHNOLOGY INC statistics & valuation

Market cap$1.28T
P / E15.0×
P / S9.6×
P / B9.2×
P / FCF21.7×
Dividend yield0.05%
Net margin63.8%
Return on equity61.4%
FCF margin44.3%
Net cash$35.6B
Net debt / EBITDA-0.3×
Enterprise value USD$1.24T
EV / EBITDA11.4×
Earnings yield EBIT/EV8%
Return on capital59%
Graham number -42.2%$449.97

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($449.97); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
25.00% 46.50% 27.00% 12.50% 21.20% 28.20% -37.50% 3.10% 22.80% 63.80% 2017201820192020202120222023202420252026
Gross margin (%)
41.50% 58.90% 45.70% 30.60% 37.60% 45.20% -9.10% 22.40% 39.80% 80.70% 2017201820192020202120222023202420252026
Operating margin (%)
28.90% 49.30% 31.50% 14.00% 22.70% 31.50% -37.00% 5.20% 26.10% 74.60% 2017201820192020202120222023202420252026
Return on equity (%)
26.10% 42.60% 17.20% 6.90% 13.30% 17.40% -13.20% 1.70% 15.80% 61.40% 2017201820192020202120222023202420252026
Shares outstanding
1.15B 1.23B 1.14B 1.13B 1.14B 1.12B 1.10B 1.12B 1.12B 1.14B 2017201820192020202120222023202420252026
Net debt ($)
-$1.47B -$1.79B -$2.24B $3.47B $4.30B $1.89B -$35.57B 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
14.40% 32.60% 12.90% 5.00% 10.00% 13.10% -9.10% 1.10% 10.30% 43.40% 2017201820192020202120222023202420252026
Free cash flow margin (%)
16.80% 28.00% 14.60% 0.40% 8.80% 10.10% -39.40% 0.50% 4.50% 44.30% 2017201820192020202120222023202420252026
Debt / equity (×)
0.16× 0.14× 0.12× 0.27× 0.25× 0.21× 0.02× 2017201820192020202120222023202420252026
EPS ($)
$4.41 $11.51 $5.51 $2.37 $5.14 $7.75 -$5.34 $0.70 $7.59 $74.33 2017201820192020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

MICRON TECHNOLOGY INC trades at about 10.5× earnings — below its 10-year norm (10-year range 3.9×–148.2×, median 13.8×).

3.9× 148.2×

Shaded band = 10-year range (3.9×–148.2×); dot = today's 10.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin80.7%39.8%22.4%-9.1%45.2%37.6%30.6%45.7%58.9%41.5%
Operating margin74.6%26.1%5.2%-37.0%31.5%22.7%14.0%31.5%49.3%28.9%
Net margin63.8%22.8%3.1%-37.5%28.2%21.2%12.5%27.0%46.5%25.0%
FCF margin44.3%4.5%0.5%-39.4%10.1%8.8%0.4%14.6%28.0%16.8%
Return on assets43.4%10.3%1.1%-9.1%13.1%10.0%5.0%12.9%32.6%14.4%
Return on equity61.4%15.8%1.7%-13.2%17.4%13.3%6.9%17.2%42.6%26.1%
Debt / equity0.02×0.21×0.25×0.27×0.12×0.14×0.16×———
Current ratio3.312.522.644.462.893.102.712.582.792.34

Computed from company filings · US · as of 2026-09-03. Facts plus Stocktoria's own computed scores — not investment advice.