Price to Earnings (P/E)
since 2005
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- Income Statement
- Statement of Comprehensive Income
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2005
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Analysis of Revenues
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Calculation
Micron Technology Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss) attributable to Micron1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 4, 2024 | = | ÷ | = | ÷ | |||||||
| Oct 6, 2023 | = | ÷ | = | ÷ | |||||||
| Oct 7, 2022 | = | ÷ | = | ÷ | |||||||
| Oct 8, 2021 | = | ÷ | = | ÷ | |||||||
| Oct 19, 2020 | = | ÷ | = | ÷ | |||||||
| Oct 17, 2019 | = | ÷ | = | ÷ | |||||||
| Oct 15, 2018 | = | ÷ | = | ÷ | |||||||
| Oct 26, 2017 | = | ÷ | = | ÷ | |||||||
| Oct 28, 2016 | = | ÷ | = | ÷ | |||||||
| Oct 27, 2015 | = | ÷ | = | ÷ | |||||||
| Oct 27, 2014 | = | ÷ | = | ÷ | |||||||
| Oct 28, 2013 | = | ÷ | = | ÷ | |||||||
| Oct 29, 2012 | = | ÷ | = | ÷ | |||||||
| Oct 25, 2011 | = | ÷ | = | ÷ | |||||||
| Oct 26, 2010 | = | ÷ | = | ÷ | |||||||
| Oct 28, 2009 | = | ÷ | = | ÷ | |||||||
| Oct 27, 2008 | = | ÷ | = | ÷ | |||||||
| Oct 26, 2007 | = | ÷ | = | ÷ | |||||||
| Nov 8, 2006 | = | ÷ | = | ÷ | |||||||
| Nov 4, 2005 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Micron Technology Inc. Annual Report.
- Share Price
- The share price exhibited considerable volatility over the analyzed period. Initially, from 2005 to 2008, the price declined sharply from $13.92 to $3.39, reflecting a significant downturn. Following this low point, the share price experienced a recovery phase, climbing intermittently with notable increases from 2012 onward. From 2013 to 2024, the price showed an overall upward trend, reaching a peak of $102.25 in 2024. Despite some fluctuations, this represents a substantial appreciation compared to the earlier years, indicating increased market confidence or growth expectations in the later period.
- Earnings per Share (EPS)
- EPS demonstrated high variability throughout the years, with recurring periods of negative earnings notably from 2007 to 2009 and again in 2016 and 2023. The earliest negative EPS was recorded in 2007 at -$0.42, deepening to -$2.16 by 2009. These losses gave way to recovery phases, particularly strong between 2013 and 2018, where EPS peaked at $12.46 in 2018. Post-2018, EPS saw a decline and fluctuated; notably, there was a sharp negative dip in 2023 (-$5.31), followed by a return to positive at $0.70 in 2024. This pattern reflects the company's exposure to cyclical or operational challenges impacting profitability inconsistently across years.
- Price-to-Earnings (P/E) Ratio
- The P/E ratio data is incomplete but indicates wide fluctuations where available. Early values from 2005 to 2006 were relatively high (45.76 and 25.89), suggesting expectations of growth despite low or negative earnings in subsequent years. Periods with missing data correspond with negative EPS years, implying difficulty in meaningful valuation during losses. In the 2010s, recorded P/E ratios varied widely, from as low as 3.4 to highs above 30, reflecting changing market sentiment and earnings performance. The exceptionally high P/E of 145.72 in 2024 suggests that the share price has greatly outpaced earnings, possibly due to optimistic future growth expectations despite low EPS in that year.
Comparison to Competitors
Micron Technology Inc., P/E, long-term trends, comparison to competitors
| Micron Technology Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 4, 2024 | |||||||||||
| Oct 6, 2023 | |||||||||||
| Oct 7, 2022 | |||||||||||
| Oct 8, 2021 | |||||||||||
| Oct 19, 2020 | |||||||||||
| Oct 17, 2019 | |||||||||||
| Oct 15, 2018 | |||||||||||
| Oct 26, 2017 | |||||||||||
| Oct 28, 2016 | |||||||||||
| Oct 27, 2015 | |||||||||||
| Oct 27, 2014 | |||||||||||
| Oct 28, 2013 | |||||||||||
| Oct 29, 2012 | |||||||||||
| Oct 25, 2011 | |||||||||||
| Oct 26, 2010 | |||||||||||
| Oct 28, 2009 | |||||||||||
| Oct 27, 2008 | |||||||||||
| Oct 26, 2007 | |||||||||||
| Nov 8, 2006 | |||||||||||
| Nov 4, 2005 |
Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Micron Technology Inc., P/E, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Micron Technology Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Oct 4, 2024 | ||
| Oct 6, 2023 | ||
| Oct 7, 2022 | ||
| Oct 8, 2021 | ||
| Oct 19, 2020 | ||
| Oct 17, 2019 | ||
| Oct 15, 2018 | ||
| Oct 26, 2017 | ||
| Oct 28, 2016 | ||
| Oct 27, 2015 | ||
| Oct 27, 2014 | ||
| Oct 28, 2013 | ||
| Oct 29, 2012 | ||
| Oct 25, 2011 | ||
| Oct 26, 2010 | ||
| Oct 28, 2009 | ||
| Oct 27, 2008 | ||
| Oct 26, 2007 | ||
| Nov 8, 2006 | ||
| Nov 4, 2005 |
Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).
Comparison to Industry (Information Technology)
Micron Technology Inc., P/E, long-term trends, comparison to industry (information technology)
| Micron Technology Inc. | Information Technology | |
|---|---|---|
| Oct 4, 2024 | ||
| Oct 6, 2023 | ||
| Oct 7, 2022 | ||
| Oct 8, 2021 | ||
| Oct 19, 2020 | ||
| Oct 17, 2019 | ||
| Oct 15, 2018 | ||
| Oct 26, 2017 | ||
| Oct 28, 2016 | ||
| Oct 27, 2015 | ||
| Oct 27, 2014 | ||
| Oct 28, 2013 | ||
| Oct 29, 2012 | ||
| Oct 25, 2011 | ||
| Oct 26, 2010 | ||
| Oct 28, 2009 | ||
| Oct 27, 2008 | ||
| Oct 26, 2007 | ||
| Nov 8, 2006 | ||
| Nov 4, 2005 |
Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).