P/E ratio for Micron Technology (MU)
P/E ratio as of June 2025 (TTM): 27.5
According to Micron Technology's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 27.5238. At the end of 2024 the company had a P/E ratio of 24.0.
P/E ratio history for Micron Technology from 2001 to 2025
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2024 | 24.0 | -276.95% |
| 2023 | -13.6 | -251.17% |
| 2022 | 8.99 | -36.6% |
| 2021 | 14.2 | -49.08% |
| 2020 | 27.8 | 63.61% |
| 2019 | 17.0 | 586.55% |
| 2018 | 2.48 | -59.07% |
| 2017 | 6.06 | -108.01% |
| 2016 | -75.6 | -1151.59% |
| 2015 | 7.19 | -28.76% |
| 2014 | 10.1 | -18.82% |
| 2013 | 12.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Intel INTC | -4.50 | -116.33% | 🇺🇸 USA |
 STMicroelectronics STM | 23.9 | -13.10% | 🇨🇭 Switzerland |
 Photronics PLAB | 7.68 | -72.09% | 🇺🇸 USA |
 Rambus RMBS | 30.3 | 9.94% | 🇺🇸 USA |
 Western Digital WDC | 10.2 | -62.94% | 🇺🇸 USA |
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.