Price to Earnings (P/E)
since 2005
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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 3, 2025 | = | ÷ | = | ÷ | |||||||
| 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: 2025-08-28), 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.
The financial data reflects the evolution of key market indicators over a 20-year period, focusing on share price, earnings per share (EPS), and price-to-earnings (P/E) ratio. The trends exhibit significant fluctuations, with periods of growth and decline highlighting business cycles and possibly external market conditions.
- Share Price Trends
- The share price started at $13.92 in 2005 and experienced a notable decline to a low of $3.39 in 2008. After this trough, prices generally recovered, with some volatility, rising to $16.72 in 2013. Subsequently, the share price showed a strong upward trend with some fluctuations, reaching $102.25 in 2024 and further increasing to $187.83 by 2025, indicating substantial investor confidence and potential company growth in recent years.
- Earnings per Share (EPS) Trends
- EPS experienced considerable volatility over the period. The company recorded positive earnings in early years such as 0.3 USD in 2005 and 0.54 USD in 2006 but faced losses around 2007-2009, with negative EPS reaching as low as -2.16 USD in 2009. Recovery was evident in the following years, culminating in strong positive earnings peaking at 12.46 USD in 2018. However, 2023 saw a notable downturn with EPS falling to -5.31 USD, followed by a recovery to 7.61 USD in 2025. This pattern suggests cyclical challenges impacting profitability but also a capacity for rebound.
- Price-to-Earnings (P/E) Ratio Trends
- The P/E ratio data is sporadic for several years, but where available, it illustrates fluctuating market valuations relative to earnings. Initial years show high P/E values, such as 45.76 in 2005 and 25.89 in 2006, reflecting perhaps overvaluation or growth expectations. Years with absent P/E values often coincide with negative EPS, where the ratio is not meaningful. Periods of lower P/E, such as 3.4 in 2018, correspond with peaks in EPS, suggesting undervaluation relative to earnings or prevailing market skepticism. The extreme outlier of 145.72 in 2024 likely indicates market anticipation of future growth or volatile earnings. A reduction to 24.69 in 2025 implies a normalization of valuation relative to earnings.
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 3, 2025 | |||||||||||
| 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: 2025-08-28), 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 3, 2025 | ||
| 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: 2025-08-28), 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 3, 2025 | ||
| 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: 2025-08-28), 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).