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MUMicron Technology, Inc.

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

MU

Micron Technology, Inc.

Current

Market Cap

$1.12T

Forward PE Ratio

12.97

AMD

Advanced Micro Devices, Inc.

vs MU

Market Cap

$891.48B

Forward PE Ratio

69.40

ASML

ASML Holding N.V.

vs MU

Market Cap

$695.39B

Forward PE Ratio

54.31

INTC

Intel Corp.

vs MU

Market Cap

$565.63B

Forward PE Ratio

102.19

AMAT

Applied Materials, Inc.

vs MU

Market Cap

$467.37B

Forward PE Ratio

46.61

CSCO

Cisco Systems, Inc.

vs MU

Market Cap

$466.31B

Forward PE Ratio

26.62

LRCX

Lam Research Corporation

vs MU

Market Cap

$441.66B

Forward PE Ratio

58.58

ORCL

Oracle Corporation

vs MU

Market Cap

$415.57B

Forward PE Ratio

18.77

ARM

Arm Holdings plc American Depositary Shares

vs MU

Market Cap

$348.85B

Forward PE Ratio

171.29

AVGO

Broadcom Inc.

vs MU

Market Cap

$1.91T

Forward PE Ratio

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 Estimates

At 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 endConsensus EPSEstimate rangeAnalystsImplied P/E
2026-08-28$73.16$72.08 – $79.412113.6x
2027-08-28$152.82$122.16 – $221.47226.5x
2028-08-28$166.45$86.91 – $226.64116.0x

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.

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.

Boise, ID
48,000 employees
Technology / Semiconductors
Sector
Technology
Industry
Semiconductors
CEO
Sanjay Mehrotra