Micron Technology
MU
#225
Rank
$62.89 B
Marketcap
$57.64
Share price
1.73%
Change (1 day)
-26.43%
Change (1 year)

P/E ratio for Micron Technology (MU)

P/E ratio as of March 2023 (TTM): 10.4

According to Micron Technology's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.3669. At the end of 2021 the company had a P/E ratio of 14.2.

P/E ratio history for Micron Technology from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202114.2-49.08%
202027.863.61%
201917.0586.55%
20182.48-59.07%
20176.06-108.01%
2016-75.6-1151.59%
20157.19-28.76%
201410.1-18.82%
201312.4

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
14.8 42.78%๐Ÿ‡บ๐Ÿ‡ธ USA
60.7 485.42%๐Ÿ‡บ๐Ÿ‡ธ USA
-213-2,155.08%๐Ÿ‡บ๐Ÿ‡ธ USA
9.06-12.61%๐Ÿ‡บ๐Ÿ‡ธ USA
12.8 23.38%๐Ÿ‡จ๐Ÿ‡ญ Switzerland

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.