Micron Technology, Inc (MICRON01) fair value: what the stock is really worth
As of Sep 29, 2026: fair value of Micron Technology, Inc THB 11.66, price THB 22.30, upside -47.7%, quality 72 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Micron Technology, Inc for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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. 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.
Show more
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. 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 (MICRON01) currently trades at 22.30 THB, while our model-based Fair Value estimate is 11.66 THB, 47.7% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of 21.55 THB per share, and 0 of the 26 models we run sit above the 22.30 THB price.
Bear case: the Asset-Based group reads lowest at 1.81 THB, and 26 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: 3.20 THB (bear) to 16.13 THB (bull), the price of 22.30 THB 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 72/100 (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 $37.4B in FY2025 versus $30.8B in FY2022, a compound +6.7%/yr. Reported net income was $8.5B in FY2025, compounding −0.6%/yr from FY2022.
Key figures
Market cap 25.0B THB (≈ $746M) · P/E ratio 0.0 · EPS (TTM) 1,460 THB · Dividend yield 2.4% · Net margin 22.8% · Return on equity 66.6% · Return on assets (EBIT) 5.0% · Operating margin 80.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
For context, the median of 10 Technology peers we cover trades at −41% fair-value upside, at −48%, MICRON01 screens richer than that median.
Fair Value models
Bear 3.20 THBFair Value 11.66 THBBull 16.13 THB
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (1,459 THB 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.Evidence ⓘEvidence = 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.
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.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+48.9%
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.
+6.7%
’22
’23
’24
’25
What shareholders gained per year (last 3 years) (mathematically smoothed) ⓘ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 3 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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+1.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.4%
Dividend (yield on the price)2.4%
Profit margin 2022 to 2025 ⓘ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.32% → 26%
2025 sits 76% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 329 stocks
Beats the industry median on 9/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside−86.2% · Bottom 25%
Profitability
Return on equity (TTM)66.6% · Top 25%
Return on assets34.9% · Top 25%
Net margin (TTM)55.9% · Top 25%
Operating margin (TTM)80.4% · Top 25%
Growth and dividend
Revenue growth345.7% · Top 25%
Dividend yield (TTM)2.4% · Top 25%
Balance sheet
Debt / equity0.21× · Above median
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (TTM)0.0× · Cheapest 25%
P/FCF0.5× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 88
PAST (return on equity)100· sector 29
HEALTH (low debt)89· sector 95
DIVIDEND (yield)48· sector 19
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Micron Technology, Inc (MICRON01) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 11.66 THB versus a price of 22.30 THB, about −48% upside (overvalued).
What is the fair value of MICRON01?
Our model-based fair value for Micron Technology, Inc is 11.66 THB (as of Sep 24, 2026), built from audited fundamentals. The current price: 22.30 THB.
What is the quality score of MICRON01?
Micron Technology, Inc has a Quality Score of 72/100. 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 (MICRON01)?
Our model-based price target is the fair value of 11.66 THB (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 3.20 THB, optimistic scenario 16.13 THB. 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 11.66 THB, about −48% upside versus a price of 22.30 THB (overvalued). Cautious scenario 3.20 THB, optimistic scenario 16.13 THB. The calculation is refreshed regularly with new filings.
What is the revenue of Micron Technology, Inc (MICRON01)?
Micron Technology, Inc reported trailing-twelve-month revenue of about $90.3B (latest available figure, as of Sep 24, 2026).
Does Micron Technology, Inc pay a dividend?
Micron Technology, Inc currently shows a dividend yield of about 2.38% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Micron Technology, Inc (MICRON01)?
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 11.66 THB per share (as of Sep 24, 2026), against a price of 22.30 THB. 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 Sep 24, 2026, MICRON01 trades above its calculated fair value: price 22.30 THB, fair value 11.66 THB, a gap of about −48% (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 MICRON01?
No. The price is what the market pays today (22.30 THB); the fair value is what the company's own numbers justify (11.66 THB). For Micron Technology, Inc the two are 10.64 THB 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 25.0B THB (market capitalisation, as of Sep 24, 2026). Per share that is 22.30 THB; our models calculate a fair value of 11.66 THB per share.
What do the bullish and bearish scenarios say about MICRON01?
Our models span a range for Micron Technology, Inc: cautious scenario 3.20 THB, base 11.66 THB, optimistic 16.13 THB per share (as of Sep 24, 2026, price 22.30 THB). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MICRON01?
Micron Technology, Inc trades at a price-to-earnings ratio of 0.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 11.66 THB is built from several models across several years.
How solid is the balance sheet of Micron Technology, Inc (MICRON01)?
Balance-sheet figures for Micron Technology, Inc (as of Sep 24, 2026): return on equity 66.6%, debt of 0.21 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
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 Sep 24, 2026: price 22.30 THB, calculated fair value 11.66 THB (−48%), Quality Score 72/100, 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 MICRON01 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 11.66 THB, 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 14.5 % 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 (MICRON01)?
The closing price on Sep 29, 2026 was 22.30 THB. Our model-based fair value is 11.66 THB, about −48% upside (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?
A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (16.13 THB). The favourable scenario is already priced in. The model range is unusually wide (3.20 THB to 16.13 THB). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Micron Technology, Inc
How large is the market capitalisation of Micron Technology, Inc (MICRON01)?
The market capitalisation of Micron Technology, Inc is 25.0B THB (≈ $746M). 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 are the earnings per share of Micron Technology, Inc (MICRON01)?
Earnings per share at Micron Technology, Inc are 1,460 THB (price ÷ EPS = P/E 0.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Micron Technology, Inc (MICRON01)?
The dividend yield of Micron Technology, Inc is 2.4% (payout 0.0%). 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 (MICRON01)?
The net margin of Micron Technology, Inc is 22.8% (fiscal year 2025). 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 (MICRON01)?
The return on equity (ROE) of Micron Technology, Inc is 66.6% (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 (MICRON01)?
On an EBIT basis the return on assets of Micron Technology, Inc is 5.0% (avg 4y). 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 (MICRON01)?
The operating margin of Micron Technology, Inc is 80.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Micron Technology, Inc (MICRON01)?
Revenue at Micron Technology, Inc is growing +346% versus a year earlier (3y avg +6.7%). 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 (MICRON01)?
Earnings per share at Micron Technology, Inc are growing +13.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Micron Technology, Inc (MICRON01) generate?
The free cash flow of Micron Technology, Inc is $1.7B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Micron Technology, Inc (MICRON01) carry?
The net debt of Micron Technology, Inc is $1.9B (fiscal year 2025, ≈ 1.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Micron Technology, Inc in the live analysis
One click puts Micron Technology, Inc on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
