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Micron Technology Inc (MU) fair value: what the stock is really worth

As of Nov 4, 2026: fair value (intrinsic value) of Micron Technology Inc stock $619, price $795, that is 22.1% below the price, quality 74 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

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Technology US

MT Micron Technology Inc logo Broad data Nov 5, 2026

Micron Technology Inc

MU · US
Meets all rules: fair value rule, solid quality, uptrend

Our calculation puts a fair price 22% below what the stock costs today.

Quality 74/100
Highly profitable · 63.8% net margin (TTM)
Low debt
Generates free cash flow
0.1% dividend yield · Well covered
Ranks above peers (12/15)
Wide moat 84/100
Broad data
88% return on equity.
Expensive Growth (revenue 5y +36.9 %/yr in USD)
Insiders sold $253.8M (6M)
Fair value $619.48 · Overvalued (−22.1%)
Downbeat coverage
⟳ Cyclical

Risks from the AI analysis

🚩Price drop: Sharp pullback amid worries that big tech capex on AI infrastructure may slow🚩Chinese rivals with cheaper DRAM🚩Chinese sales restrictions

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$1,213 $47.94 Fair Value $619.48 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.

How to read this chart

60‑month range $47.94 – $1,213 · fair‑value band $327.91 – $771.79 · the $795.23 price screens above the $619.48 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 5, 2026.

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Company profile

Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Japan, Mainland China, Hong Kong, Europe, and internationally.

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It operates through the Cloud Memory Business Unit; Core Data Center Business Unit; Mobile and Client Business Unit; and Automotive and Embedded Business Unit segments.

The company provides memory products, including dynamic random access memory components and modules, CXL-based memory, LPDDR components and modules, graphics memory, high-bandwidth memory, and data center memory products; multichip packages (MCP) comprising embedded multimedia card-based, universal flash storage-based, and NAND-based MCPs; and technology leadership products that include 1y DRAM and G9 NAND technologies.

It also offers storage products, such as data center solid-state drives (SSD), client SSD storage, and auto and industrial SSD storage; managed NAND; NAND flash; NOR flash; and memory cards.

In addition, the company provides design tools, including FBGA and part decoders; DRAM power calculators; NAND power calculators; simulation models; chipset compatibility guides; serial presence-detection tools; cross-reference tools; UFSparm; SSD firmware; software and drivers; storage executive software; and obsolete part catalogs.

It markets its semiconductor memory and storage products under the Micron and Crucial brands. The company serves the data center, PC, graphics, networking, automotive, industrial, and consumer embedded markets, as well as the smartphone and other mobile-device markets.

It sells its products through its direct sales force, independent sales representatives, distributors, and retailers; web-based customer direct sales channel; and channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.

Stock analysis

Micron Technology Inc (MU) currently trades at $795.23, while our model-based Fair Value estimate is $619.48, 22% below the price, so the stock looks overvalued today.

Show more

Valuation

Bull case: the Growth Earnings group reads highest at a median of $2,340 per share, and 18 of the 26 models we run sit above the $795.23 price.

Bear case: the Multiples group reads lowest at $647.44, and 8 of the 26 models stay below the price. Data coverage for this calculation is high.

Scenario range: $327.91 (bear) to $771.79 (bull), the price of $795.23 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 74/100 (solid quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Micron Technology Inc reported revenue of $133B in FY2026 versus $30.8B in FY2022, a compound +44.3%/yr. Reported net income was $85.0B in FY2026, compounding +76.8%/yr from FY2022.

Key figures

Market cap $882B Mega · P/E ratio 10.7 · P/S ratio 6.63 · EPS (TTM) $74.33 · Dividend yield 0.1% · Net margin 63.8% · Return on equity 88.3% · Return on assets (EBIT) 14.1%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 84 out of 100 (medium confidence).

What moves the price

The share trades about 34% below its 52-week high and 295% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Technology peers we cover trades at −11% fair-value upside, at −22%, MU screens richer than that median.

Fair Value models

Bear $327.91 Fair Value $619.48 Bull $771.79
Price $795.23 · Downside -22.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 2 months old). Earnings retained since then ($13.34 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF $692.57 $1,073 $2,068 77
Growth DCF $659.13 $1,142 $1,967 76
EPV $630.00 $713.34 $782.91 74
All 26 models by family
DCF Models
FCF DCF $692.57 $1,073 $2,068 77
Owner Earnings $677.47 $1,379 $2,683 72
5Y Revenue Exit $527.80 $910.47 $1,637 70
5Y EBITDA Exit $1,085 $2,120 $3,992 71
5Y P/E Exit $1,260 $2,710 $4,584 68
10Y Revenue Exit $563.14 $1,021 $1,554 65
10Y EBITDA Exit $936.88 $1,981 $3,900 64
10Y P/E Exit $1,050 $2,282 $4,421 60
Earnings-Based
Graham-Dodd $510.67 $3,544 $4,972 63
Lynch FV $1,045 $1,493 $1,941 61
PEG = 1.0 $1,045 $1,493 $1,941 57
EPV $630.00 $713.34 $782.91 74
Dividend Discount
Gordon GGM $4.22 $7.64 $10.56 68
DDM Multi-Stage $4.22 $6.96 $8.15 67
Multiples
P/E Multiple $1,577 $2,103 $2,628 63
P/S Multiple $485.58 $647.44 $809.31 58
P/B Multiple $178.69 $238.25 $297.81 55
EV/EBIT $1,619 $2,149 $2,678 66
EV/EBITDA $1,335 $1,770 $2,205 67
EV/Revenue $441.34 $617.92 $794.49 54
Asset-Based
NCAV (Graham) $19.58 $29.66 $37.08 54
Growth DCF
Growth DCF $659.13 $1,142 $1,967 76
Rev-Margin DCF $527.80 $959.82 $1,600 70
Economic Profit
Residual Income $399.10 $713.11 $1,943 66
ROIC Compounder $694.46 $860.64 $1,049 72
Growth Earnings
Growth-Adj P/E $1,638 $2,340 $3,042 67

The fair value above starts from this blend and is adjusted for a cyclical peak year.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 74/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 89
How much profit the company makes from its sales and capital
Quality Growth 100
Are margins and returns getting better?
Cashflow 72
Do the profits arrive as real cash?
Financial strength 92
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Price momentum 67
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 79
Distance to the 52-week high, does not count
New shares 65
Buys back shares or issues new ones?

Open the full quality analysis →

Insider trades

In the last 6 months, 9 officers or directors sold shares worth $253.8M and none bought.

  • SaleScott J DeboerPres. & Chief Tech & Prod Offr28,545 shares at $900.00$25.7MOct 16, 202610b5-1 plan
  • SaleMichael Charles RaySVP, Chief Legal Officer4× since Jan 27, 2026: 26,197 shares, avg. $571.46$15.0MOct 14, 202610b5-1 plan
  • SaleSanjay MehrotraPresident and CEO, Director9× since Nov 6, 2025: 212,500 shares, avg. $871.87$185.3MAug 21, 202610b5-1 plan
  • SaleSumit SadanaEVP and Chief Business Officer3× since Feb 2, 2026: 64,000 shares, avg. $544.91$34.9MAug 18, 2026
  • SaleScott R. AllenCVP, Chief Accounting Officer2× since Jan 6, 2026: 2,879 shares, avg. $539.77$1.6MJul 23, 2026
  • SaleApril S ArnzenEVP and Chief People Officer3× since Dec 22, 2025: 95,000 shares, avg. $646.42$61.4MJul 1, 202610b5-1 plan
  • SaleLynn A DugleDirector1,300 shares at $1,150$1.5MJun 30, 2026
  • SaleAlexis BjorlinDirector25 shares at $1,132$28,308Jun 26, 2026
  • SaleSteven J GomoDirector2× since Dec 19, 2025: 7,000 shares, avg. $413.17$2.9MMay 11, 2026
  • SaleMichael D CordanoEVP, Worldwide Sales2× since Apr 9, 2026: 6,814 shares, avg. $427.91$2.9MApr 14, 2026

Plus 2 more entries from the last 12 months.

Plus 18 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.

Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.

Source: SEC Form 4, as of Nov 5, 2026. All filings at the SEC ↗

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+256.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+104.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+36.9%
Start year 2021 (pandemic). Over 10 years: +26.8% a year
Revenue growth 41 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.0%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+68.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+68.3%
Dividend (yield on the price)0.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.70.6% vs 35.9%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.23% → 75%
Pace: the 5-year rate starts in 2021 (pandemic)

Growth Forecast

Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+6.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+27.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +4.5% a year for the price and +24.7% for the forecasts.
Forecast 2027 (sales)+106.9%
Forecast 2028 (sales)+15.7%
Projected 2029 (sales)+14.0%
Projected 2030 (sales)+12.3%
Projected 2031 (sales)+10.6%

MU screens overvalued: fair value 22% below the price. Compare with NVIDIA Corporation →

Recent news

News mood ⓘNews mood, the average tone of recent news (100 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation. Very negative
Recent news coverage is unusually downbeat.
Note from the team Nov 4, 2026
AI conclusion: The business benefits from explosive AI memory demand growth but lacks a durable moat amid cyclical semiconductor dynamics.
Main risk: CXMT could introduce denser, lower-cost server DRAM designs, eroding Micron's pricing power and margins in the DRAM segment.
Bull case: By advancing its technology nodes and expanding long-term customer agreements, Micron could sustain premium positioning and limit the impact of lower-cost rivals on its core offerings.
Bear case: If Chinese competitors scale production of cheaper server DRAM and regulatory barriers persist in China, Micron could lose significant market share and face prolonged pressure on prices and margins.
Micron delivered record results last quarter with explosive growth in AI memory demand and guided for more in the current period, yet the stock has pulled back sharply amid worries that big tech capex on AI infrastructure may slow. At the same time, some peers signal near-term caution on shipments while others see shortages lasting years. Our models view the shares as overvalued. Will the company capture lasting pricing power from sustained AI needs, or will memory cycles reassert themselves sooner than expected?
Join the discussion →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Semiconductors · 372 stocks

Beats the industry median on 12/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 74 · Top 25%
Fair Value upside −22.1% · Above median
Profitability
Return on equity (12 months) 88.3% · Top 25%
Return on assets 43.4% · Top 25%
Net margin (12 months) 63.8% · Top 25%
Operating margin (12 months) 80.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 379.3% · Top 25%
Dividend yield (12 months) 0.1% · Bottom 25%
Balance sheet
Debt / equity 0.08× · Below median

Valuation Multiplesvs Semiconductors median · lower = cheaper

P/E (12 months) 10.7× · Cheapest 25%
P/B 6.38× · Priciest 25%
P/S (12 months) 6.63× · Pricier than median
Price / free cash flow 15.0× · Cheapest 25%
EV/EBITDA 7.9× · Cheapest 25%
PEG 0.16× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)4 · sector 0
FUTURE (revenue growth)100 · sector 100
PAST (return on equity)100 · sector 28
HEALTH (low debt)96 · sector 96
DIVIDEND (yield)1 · sector 20

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Semiconductors stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
SK hynix Inc 000660 1,264,000 KRW 1,535,600 KRW +21% vs MU
Taiwan Semiconductor Manufacturing Company TSM $395.75 $435.33 +10% vs MU
NVIDIA Corporation NVDA $200.13 $198.56 −1% vs MU
Broadcom Inc AVGO $325.48 $300.84 −8% vs MU
Intel Corporation INTC $58.27 $52.14 −11% vs MU
Analog Devices, Inc ADI $406.24 $262.04 −36% vs MU
Marvell Technology, Inc MRVL $159.80 $87.64 −45% vs MU
Advanced Micro Devices, Inc AMD $488.78 $148.70 −70% vs MU
Texas Instruments Incorporated TXN $311.49 $81.25 −74% vs MU
Arm Holdings ARM $191.80 $45.16 −76% vs MU

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Cite: Fair Value Calculator (2026). "Micron Technology Inc Fair Value". https://www.fairvalue-calculator.com/stock/MU

Frequently asked questions

Is Micron Technology Inc (MU) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of $619.48 versus a price of $795.23, about 22% lower (overvalued).
What is the fair value of MU?
Our model-based fair value for Micron Technology Inc is $619.48 (as of Nov 5, 2026), built from audited fundamentals. The current price: $795.23.
What is the quality score of MU?
Micron Technology Inc has a Quality Score of 74/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Micron Technology Inc (MU)?
Our model-based price target is the fair value of $619.48 (as of Nov 5, 2026) from 26 valuation models. Cautious scenario $327.91, optimistic scenario $771.79. It is a calculation from audited fundamentals, not an analyst target.
What is the Micron Technology Inc stock forecast for 2026?
Our models put fair value at $619.48, about 22% lower versus a price of $795.23 (overvalued). Cautious scenario $327.91, optimistic scenario $771.79. The calculation is refreshed regularly with new filings.
What is the revenue of Micron Technology Inc (MU)?
Micron Technology Inc reported trailing-twelve-month revenue of about $133B (latest available figure, as of Nov 5, 2026).
Does Micron Technology Inc pay a dividend?
Micron Technology Inc currently shows a dividend yield of 0.07% relative to its recent price (as of Nov 5, 2026).
What growth is priced into Micron Technology Inc (MU)?
For today's price to be fair in a discounted-cash-flow model, Micron Technology Inc would have to grow free cash flow by +6.9 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +36.9 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of MU use?
Our models discount Micron Technology Inc at 10.9 %: a base by market capitalisation (mega), damped by beta 2.23, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Micron Technology Inc that is +6.9 % per year a year over ten years, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Micron Technology Inc (MU) delivered so far?
Over the past 5 years revenue at Micron Technology Inc grew +36.9 % a year. The price currently implies +6.9 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Micron Technology Inc (MU) growing?
The median revenue growth in the sector is +11.3 % a year. That is the yardstick for the growth priced into Micron Technology Inc (+6.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Micron Technology Inc (MU)?
The free-cash-flow yield on the price is 6.48 %: that much free cash flow Micron Technology Inc produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Micron Technology Inc (MU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Micron Technology Inc it is $619.48 per share (as of Nov 5, 2026), against a price of $795.23. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Micron Technology Inc stock overvalued or undervalued in 2026?
As of Nov 5, 2026, MU trades above its calculated fair value: price $795.23, fair value $619.48, a gap of about −22% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MU?
No. The price is what the market pays today ($795.23); the fair value is what the company's own numbers justify ($619.48). For Micron Technology Inc the two are $175.75 per share apart. That gap is exactly why we show both numbers side by side.
How much is Micron Technology Inc worth?
The market values Micron Technology Inc at about $882B (market capitalisation, as of Nov 5, 2026). Per share that is $795.23; our models calculate a fair value of $619.48 per share.
What do the bullish and bearish scenarios say about MU?
Our models span a range for Micron Technology Inc: cautious scenario $327.91, base $619.48, optimistic $771.79 per share (as of Nov 5, 2026, price $795.23). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MU?
Micron Technology Inc trades at a price-to-earnings ratio of 10.7 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $619.48 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2026), reported earnings, FY2021, FY2024 ex one-offs: 12.9. Other multiples: PEG 0.2, P/B 6.4, P/S 6.6, EV/EBITDA 7.9.
What is the PEG ratio of MU?
The PEG ratio of Micron Technology Inc is 0.16 (P/E divided by earnings growth, as of Nov 5, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Micron Technology Inc (MU)?
Balance-sheet figures for Micron Technology Inc (as of Nov 5, 2026): return on equity 88.3%, debt of 0.08 per unit of equity. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is MU from its 52-week high?
Micron Technology Inc trades at $795.23, about 34% below its 52-week high of $1,213 and 295% above the low of $201.17 (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of $619.48 is for.
Which stocks are comparable to Micron Technology Inc?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Advanced Micro Devices, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Micron Technology Inc stock attractive at the current price?
The data as of Nov 5, 2026: price $795.23, calculated fair value $619.48 (−22%), Quality Score 74/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MU calculated?
We run Micron Technology Inc through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $619.48, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Micron Technology Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Micron Technology Inc (MU)?
The closing price on Nov 4, 2026 was $795.23. Our model-based fair value is $619.48, about 22% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Micron Technology Inc right now?
The price sits above even our optimistic bull case ($771.79). The favourable scenario is already priced in. Solid but not exceptional quality (74/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($327.91 to $771.79) leaves room in how you read the outcome.
Where does the earnings growth of Micron Technology Inc (MU) come from?
Earnings per share at Micron Technology Inc grew +26.2 % a year from 2015 to 2026. Broken into its drivers: revenue per share +15.6 %, EBIT margin +9.9 %, tax rate −1.4 %, residual (interest, one-offs) +0.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Micron Technology Inc

How large is the market capitalisation of Micron Technology Inc (MU)?
The market capitalisation of Micron Technology Inc is $882B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Micron Technology Inc (MU)?
The price-to-sales ratio of Micron Technology Inc is 6.63 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Micron Technology Inc (MU)?
Earnings per share at Micron Technology Inc are $74.33 (price ÷ EPS = P/E 10.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Micron Technology Inc (MU)?
The dividend yield of Micron Technology Inc is 0.1% (payout 0.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Micron Technology Inc (MU)?
The net margin of Micron Technology Inc is 63.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Micron Technology Inc (MU)?
The return on equity (ROE) of Micron Technology Inc is 88.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Micron Technology Inc (MU)?
On an EBIT basis the return on assets of Micron Technology Inc is 14.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Micron Technology Inc (MU)?
The operating margin of Micron Technology Inc is 80.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Micron Technology Inc (MU)?
Revenue at Micron Technology Inc is growing +379% versus a year earlier (3y avg +105%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Micron Technology Inc (MU)?
Earnings per share at Micron Technology Inc are growing +10.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Micron Technology Inc (MU) hold?
Micron Technology Inc holds more cash than debt, $33.2B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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