Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 13.20.
Forward PE Ratio (13.20) = Close Price ($966.78) / Consensus Forward EPS ($73.23)
FORWARD PE RATIO
13.20
SECTOR MEDIAN · TECHNOLOGY
27.14
median of 147 covered companies
CURRENT VS SECTOR MEDIAN
-51.36%
vs the sector median at left
Micron Technology, Inc.
Market Cap
$1.09T
Forward PE Ratio
13.20
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Micron Technology, Inc. (MU) | $1.09T | 13.20 |
| SK hynix Inc. (SKHY)vs › | $1.16T | N/A |
| Advanced Micro Devices, Inc. (AMD)vs › | $771.68B | 62.03 |
| ASML Holding N.V. (ASML)vs › | $679.78B | 46.32 |
| Intel Corp. (INTC)vs › | $454.31B | 60.12 |
| Cisco Systems, Inc. (CSCO)vs › | $437.66B | 25.96 |
| Broadcom Inc. (AVGO)vs › | $1.75T | 31.78 |
| Oracle Corporation (ORCL)vs › | $421.90B | 19.56 |
| Palantir Technologies Inc. (PLTR)vs › | $413.15B | 112.48 |
| Lam Research Corporation (LRCX)vs › | $392.68B | 55.13 |
Trailing P/E
21.9
reported TTM EPS
Forward P/E
13.2
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $73.23 implies +65.8% EPS growth vs the reported trailing $44.18.
At today's $966.78 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 | $73.23 | $72.14 – $79.48 | 23 | 13.2x |
| 2027-08-28 | $155.39 | $129.92 – $217.85 | 23 | 6.2x |
| 2028-08-28 | $169.81 | $121.76 – $193.73 | 11 | 5.7x |
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.
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
