Forward PE Ratio: 12.97
The forward PE ratio is 12.97 as of Thursday, July 9, 2026.
Forward PE Ratio (12.97) = Close Price ($991.64) / Consensus Forward EPS ($73.16)
MU Forward PE Ratio Metrics
FORWARD PE RATIO
12.97
MU Competitors' Forward PE Ratio
Micron Technology, Inc.
Market Cap
$1.12T
Forward PE Ratio
12.97
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Micron Technology, Inc. (MU) | $1.12T | 12.97 |
| Advanced Micro Devices, Inc. (AMD)vs › | $891.48B | 69.40 |
| ASML Holding N.V. (ASML)vs › | $695.39B | 54.31 |
| Intel Corp. (INTC)vs › | $565.63B | 102.19 |
| Applied Materials, Inc. (AMAT)vs › | $467.37B | 46.61 |
| Cisco Systems, Inc. (CSCO)vs › | $466.31B | 26.62 |
| Lam Research Corporation (LRCX)vs › | $441.66B | 58.58 |
| Oracle Corporation (ORCL)vs › | $415.57B | 18.77 |
| Arm Holdings plc American Depositary Shares (ARM)vs › | $348.85B | 171.29 |
| Broadcom Inc. (AVGO)vs › | $1.91T | 33.59 |
Trailing vs Forward
Trailing P/E
21.5
reported TTM EPS
Forward P/E
13.0
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $73.16 implies +65.6% EPS growth vs the reported trailing $44.18.
Forward P/E by Fiscal Year
View All Analyst EstimatesAt today's $991.64 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-08-28 | $73.16 | $72.08 – $79.41 | 21 | 13.6x |
| 2027-08-28 | $152.82 | $122.16 – $221.47 | 22 | 6.5x |
| 2028-08-28 | $166.45 | $86.91 – $226.64 | 11 | 6.0x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
Forward PE Ratio Formula & Definition
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Forward PE Ratio FAQ
- What is the forward PE ratio for Micron Technology, Inc. (MU)?
- The forward PE ratio for MU stock is 12.97.
Related Metrics
About Micron Technology, Inc.
Micron Technology, Inc. is a global leader specializing in the development, manufacture, and sale of advanced semiconductor memory and storage solutions. Its operations are structured across four primary business segments: Compute and Networking, Mobile, Storage, and Embedded. The company's product portfolio encompasses a range of memory and data storage technologies. These include high-speed, low-latency Dynamic Random Access Memory (DRAM) components for rapid data retrieval; non-volatile, re-programmable NAND flash storage devices; and fast-read, non-volatile, re-writable NOR memory chips. These innovative solutions are offered under its well-known Micron and Crucial brands, as well as through private label partnerships. Micron's extensive offerings cater to a diverse array of markets and applications. This includes critical infrastructure like cloud servers and enterprise data centers, personal computing (client and graphics), mobile devices such as smartphones, networking equipment, automotive systems, industrial applications, and various consumer electronics. The company utilizes a multi-faceted approach to market its products, employing a direct sales force, independent sales representatives, and a network of distributors and retailers. Additionally, it leverages a web-based direct sales channel and collaborates with various channel and distribution partners. Founded in 1978, Micron Technology, Inc. is headquartered in Boise, Idaho.
- Sector
- Technology
- Industry
- Semiconductors
- CEO
- Sanjay Mehrotra