Micron Technology Inc (MU) fair value: what the stock is really worth
We calculate from audited financials what Micron Technology Inc is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
- Compare price with fair valuebelow fair value = cheap, above = expensive
- Check the quality50 and up solid, 75 and up strong
- Watch it or check another stockalert when fair value or trend changes
At a glance
Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
A solid business, but trading 585% above our fair value of $148.38.
As of Aug 30, 2026, the fair value of Micron Technology Inc is $148.38 per share against a price of $1,017, so the fair value sits 85% below the price. A model estimate from reported figures, not an analyst target.
Fair value as of: Aug 30, 2026
From 26 valuation models · updated 8 days ago
Share price +13.8% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- A high-quality business (quality 74/100), 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 ($257.19). The favourable scenario is already priced in.
- The model range is unusually wide ($66.16 to $257.19). 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.
How to read this chart
60‑month range $47.94 – $1,213 · fair‑value band $66.16 – $257.19 · the $1,017 price screens above the $148.38 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. Dashed = 300-day average. As of Aug 30, 2026.
Analysis
Micron Technology Inc (MU) currently trades at $1,017, while our model-based Fair Value estimate is $148.38, implying the stock looks roughly 584.9% overvalued today. The Quality Score stands at 74/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of $184.03 per share, and 0 of the 26 models we run sit above the $1,017 price. Bear case: the Asset-Based group reads lowest at $32.13, and 26 of the 26 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Micron Technology Inc generated revenue of $58.1B at a net margin of 41.5%. Revenue grew 196.3% year over year. It earns a return on equity of 39.8%. Net debt stands at $5.6B. Fundamentals as of Aug 30, 2026
Scenario range: $66.16 (bear) to $257.19 (bull), the price of $1,017 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 7% below its 52-week high, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −59% fair-value upside, at −85%, MU screens richer than that median.
Fair Value models
Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then ($20.72 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
All 26 models by family
Widest divergence: Growth Earnings ($184.03) versus Dividend Discount ($7.95). Highest evidence: FCF DCF (75).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 71 · Market factors (momentum, volatility) 64
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Micron Technology Inc reported revenue of $37.4B in FY2025 versus $27.7B in FY2021, a compound +7.8%/yr. Reported net income was $8.5B in FY2025, compounding +9.9%/yr from FY2021.
of which total revenue +6.7 % · buybacks/dilution +0.5 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
MU screens 585% overvalued. Compare with NVIDIA Corporation →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Dow Jones Futures Loom After U.S.-Iran Attacks; Nvidia, Micron, Sandisk Flash Buy Signals
- Dow Jones Futures: U.S., Iran Exchange Attacks; Nvidia, Micron, Sandisk Flash Buy Signals
- Why Is Micron Technology (MU) CEO Being Honored In Taiwan?
Peer Group
Semiconductors · 325 stocks
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.
Valuation Multiples vs Semiconductors median · lower = cheaper
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Micron Technology Inc deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 44/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Semiconductors stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NVIDIA Corporation NVDA | $230.36 | $98.98 | −57% |
| Taiwan Semiconductor Manufacturing Company TSM | $428.91 | $296.10 | −31% |
| Broadcom Inc AVGO | $357.90 | $118.27 | −67% |
| SK hynix Inc 000660 | 1,647,000 KRW | 1,481,291 KRW | −10% |
| Advanced Micro Devices, Inc AMD | $477.57 | $55.02 | −88% |
| Intel Corporation INTC | $95.80 | $35.41 | −63% |
| Texas Instruments Incorporated TXN | $258.44 | $78.54 | −70% |
| Semiconductor Manufacturing International Corporation 688981 | ¥121.14 | ¥16.55 | −86% |
| QUALCOMM Incorporated QCOM | $168.74 | $147.20 | −13% |
| MediaTek Inc 2454 | 3,845 TWD | 1,559 TWD | −59% |
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