Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 13.86.
Forward PE Ratio (13.86) = Close Price ($1000.26) / Consensus Forward EPS ($73.37)
FORWARD PE RATIO
13.86
SECTOR MEDIAN · TECHNOLOGY
26.65
median of 155 covered companies
CURRENT VS SECTOR MEDIAN
-47.99%
vs the sector median at left
Micron Technology, Inc.
Market Cap
$1.13T
Forward PE Ratio
13.86
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Micron Technology, Inc. (MU) | $1.13T | 13.86 |
| SK hynix Inc. (SKHY)vs › | $1.32T | N/A |
| Advanced Micro Devices, Inc. (AMD)vs › | $824.66B | 66.28 |
| ASML Holding N.V. (ASML)vs › | $680.20B | 46.17 |
| Intel Corp. (INTC)vs › | $526.95B | 63.89 |
| Broadcom Inc. (AVGO)vs › | $1.75T | 31.74 |
| Oracle Corporation (ORCL)vs › | $468.13B | 21.21 |
| Cisco Systems, Inc. (CSCO)vs › | $430.29B | 25.53 |
| Lam Research Corporation (LRCX)vs › | $400.71B | 54.02 |
| Palantir Technologies Inc. (PLTR)vs › | $391.02B | 109.31 |
Trailing P/E
23.0
reported TTM EPS
Forward P/E
13.9
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $73.37 implies +66.1% EPS growth vs the reported trailing $44.18.
At today's $1000.26 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 |
|---|---|---|---|---|
| 2027-08-28 | $155.39 | $129.91 – $217.84 | 24 | 6.4x |
| 2028-08-28 | $169.81 | $121.76 – $193.73 | 11 | 5.9x |
| 2029-08-28 | $184.98 | $117.40 – $279.80 | 3 | 5.4x |
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