Price to Sales (P/S)
since 2005
Calculation
Micron Technology Inc., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Revenue1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 3, 2025 | 5.64 | = | 187.83 | ÷ | 33.30 | 33.30 | = | 37,378 | ÷ | 1,122,466,035 | |
| Oct 4, 2024 | 4.51 | = | 102.25 | ÷ | 22.65 | 22.65 | = | 25,111 | ÷ | 1,108,742,682 | |
| Oct 6, 2023 | 4.94 | = | 69.96 | ÷ | 14.15 | 14.15 | = | 15,540 | ÷ | 1,098,034,471 | |
| Oct 7, 2022 | 1.87 | = | 52.91 | ÷ | 28.29 | 28.29 | = | 30,758 | ÷ | 1,087,168,584 | |
| Oct 8, 2021 | 2.83 | = | 70.12 | ÷ | 24.77 | 24.77 | = | 27,705 | ÷ | 1,118,623,738 | |
| Oct 19, 2020 | 2.73 | = | 52.63 | ÷ | 19.25 | 19.25 | = | 21,435 | ÷ | 1,113,221,799 | |
| Oct 17, 2019 | 2.15 | = | 45.50 | ÷ | 21.14 | 21.14 | = | 23,406 | ÷ | 1,107,050,823 | |
| Oct 15, 2018 | 1.58 | = | 42.34 | ÷ | 26.79 | 26.79 | = | 30,391 | ÷ | 1,134,255,375 | |
| Oct 26, 2017 | 2.30 | = | 40.60 | ÷ | 17.62 | 17.62 | = | 20,322 | ÷ | 1,153,255,224 | |
| Oct 28, 2016 | 1.44 | = | 17.20 | ÷ | 11.90 | 11.90 | = | 12,399 | ÷ | 1,041,537,057 | |
| Oct 27, 2015 | 1.12 | = | 16.68 | ÷ | 14.91 | 14.91 | = | 16,192 | ÷ | 1,085,753,663 | |
| Oct 27, 2014 | 2.12 | = | 32.30 | ÷ | 15.24 | 15.24 | = | 16,358 | ÷ | 1,073,455,204 | |
| Oct 28, 2013 | 1.94 | = | 16.72 | ÷ | 8.63 | 8.63 | = | 9,073 | ÷ | 1,051,855,450 | |
| Oct 29, 2012 | 0.67 | = | 5.43 | ÷ | 8.09 | 8.09 | = | 8,234 | ÷ | 1,017,560,523 | |
| Oct 25, 2011 | 0.62 | = | 5.49 | ÷ | 8.90 | 8.90 | = | 8,788 | ÷ | 987,573,286 | |
| Oct 26, 2010 | 0.91 | = | 7.72 | ÷ | 8.51 | 8.51 | = | 8,482 | ÷ | 996,245,706 | |
| Oct 28, 2009 | 1.21 | = | 6.83 | ÷ | 5.65 | 5.65 | = | 4,803 | ÷ | 849,823,817 | |
| Oct 27, 2008 | 0.44 | = | 3.39 | ÷ | 7.65 | 7.65 | = | 5,841 | ÷ | 763,759,118 | |
| Oct 26, 2007 | 1.30 | = | 9.76 | ÷ | 7.48 | 7.48 | = | 5,688 | ÷ | 760,412,921 | |
| Nov 8, 2006 | 2.00 | = | 14.00 | ÷ | 6.99 | 6.99 | = | 5,272 | ÷ | 754,409,424 | |
| Nov 4, 2005 | 1.76 | = | 13.92 | ÷ | 7.90 | 7.90 | = | 4,880 | ÷ | 617,991,363 |
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 reveals several notable trends in share price, sales per share, and the price-to-sales (P/S) ratio over the given timeframe. The share price exhibits significant volatility, with an overall upward trajectory from 2005 through 2025. Initial values around the low teens in 2005 and 2006 drop sharply to a low of 3.39 in 2008, followed by gradual recovery and consistent growth, culminating in a peak above 180 US$ by 2025. This trend suggests considerable fluctuations in market valuation, likely influenced by external and internal factors affecting investor sentiment.
Sales per share present a less volatile pattern but still show clear cyclical behavior. Starting near 7.9 US$ in 2005, sales per share fluctuate with some declines notably around 2009, followed by periods of recovery and growth. Peaks are observed around 2014 and 2018 at approximately 15.24 US$ and 26.79 US$, respectively, with the value reaching as high as 33.3 US$ by 2025. These changes imply that the firm experienced varying levels of revenue generation efficiency per share, with generally improving sales performance over the long term despite intermittent setbacks.
The P/S ratio underscores market valuation relative to sales and mirrors some of the volatility seen in the share price. Early years show moderate P/S values ranging from about 0.44 in 2008 to just above 2 in 2006 and 2009. Post-2010 figures show a rising trend in the ratio, peaking especially toward the later years, with values climbing sharply to above 5 by 2025. This increase may indicate heightened investor expectations of future growth or premium valuation relative to current sales levels.
- Share Price Trend
- Marked by a significant drop in 2008 followed by recovery and strong growth through 2025, indicating increased market confidence and valuation.
- Sales per Share Trend
- Exhibits fluctuating yet generally increasing sales efficiency per share, with notable peaks in mid-2010s and continuing upward to 2025.
- Price-to-Sales Ratio
- Demonstrates a low valuation relative to sales during the financial crisis period, with pronounced growth in later years suggesting increasing market premium.
Overall, the data indicates the company faced challenges reflected in share price and sales performance around the economic downturn in 2008 but managed to recover and strengthen over time. The progressively rising P/S ratio in recent years points to growing investor optimism and expectations of sustained growth, as share prices grow disproportionately relative to sales. Continuous monitoring of these ratios is advisable to assess valuation sustainability going forward.
Comparison to Competitors
Micron Technology Inc., P/S, 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 | 5.64 | — | — | — | — | — | 9.93 | 7.00 | 24.55 | — | — |
| Oct 4, 2024 | 4.51 | 7.04 | 11.53 | 5.07 | 20.07 | 1.58 | 9.64 | 6.95 | 27.69 | 4.93 | 10.65 |
| Oct 6, 2023 | 4.94 | 11.95 | 7.31 | 5.08 | 14.46 | 3.40 | 6.47 | 4.99 | 21.33 | 3.45 | 8.26 |
| Oct 7, 2022 | 1.87 | 5.38 | 7.14 | 3.43 | 7.00 | 1.85 | 6.09 | 3.68 | 24.67 | 2.85 | 8.25 |
| Oct 8, 2021 | 2.83 | 8.76 | 12.98 | 5.63 | 9.55 | 2.66 | 7.80 | 5.62 | 20.41 | 4.62 | 8.63 |
| Oct 19, 2020 | 2.73 | 10.63 | 9.03 | 4.69 | 7.40 | 2.96 | 5.43 | 5.43 | 17.31 | 6.20 | 10.81 |
| Oct 17, 2019 | 2.15 | 8.59 | 7.06 | 3.75 | 5.62 | 4.07 | 4.74 | 3.10 | 8.05 | 3.98 | 8.54 |
| Oct 15, 2018 | 1.58 | 3.58 | 5.35 | 1.87 | 4.78 | 3.09 | 4.57 | 2.51 | 15.07 | 3.37 | 6.38 |
| Oct 26, 2017 | 2.30 | 2.28 | 6.40 | 3.82 | 6.07 | 3.39 | 4.00 | 3.25 | 8.76 | 3.54 | 6.83 |
| Oct 28, 2016 | 1.44 | 3.08 | 6.57 | 3.29 | 5.48 | 2.90 | 4.06 | 2.46 | 3.55 | 4.21 | 5.77 |
| Oct 27, 2015 | 1.12 | 0.38 | 5.49 | 2.26 | 5.69 | 2.44 | 2.93 | 2.17 | 2.68 | 3.58 | 4.06 |
| Oct 27, 2014 | 2.12 | 0.43 | 6.04 | 3.29 | 6.06 | 2.91 | 4.08 | 2.50 | 2.36 | 4.85 | 4.73 |
| Oct 28, 2013 | 1.94 | 0.51 | 5.90 | 2.66 | 5.11 | 2.34 | 3.41 | 2.10 | 1.84 | 4.74 | 3.95 |
| Oct 29, 2012 | 0.67 | 0.34 | 4.48 | 1.48 | 3.33 | 1.96 | 2.73 | 2.39 | 2.28 | 5.18 | 2.94 |
| Oct 25, 2011 | 0.62 | 0.79 | 3.32 | 1.38 | 3.01 | 2.47 | 1.90 | 1.38 | 2.94 | 5.86 | 2.78 |
| Oct 26, 2010 | 0.91 | 0.97 | 3.89 | 1.86 | 3.05 | 2.79 | 2.98 | 2.18 | 3.00 | 6.72 | 2.99 |
| Oct 28, 2009 | 1.21 | 0.99 | 4.31 | 3.58 | 2.65 | 3.28 | 3.50 | 3.47 | 1.58 | 7.03 | 2.89 |
| Oct 27, 2008 | 0.44 | 0.22 | 1.91 | 1.71 | — | 1.79 | 2.60 | 1.94 | 2.71 | 4.91 | 1.56 |
| Oct 26, 2007 | 1.30 | 0.72 | 3.67 | 2.52 | — | 3.08 | 4.25 | 1.86 | 3.31 | 7.33 | 2.99 |
| Nov 8, 2006 | 2.00 | 1.45 | 4.48 | 2.77 | — | 3.40 | 4.75 | 3.56 | 3.53 | 7.98 | 3.13 |
| Nov 4, 2005 | 1.76 | 3.34 | 5.79 | 4.36 | — | 3.11 | 4.66 | 2.66 | 2.13 | 11.70 | 3.57 |
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/S, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Micron Technology Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Oct 3, 2025 | 5.64 | — |
| Oct 4, 2024 | 4.51 | 11.74 |
| Oct 6, 2023 | 4.94 | 8.26 |
| Oct 7, 2022 | 1.87 | 5.82 |
| Oct 8, 2021 | 2.83 | 6.31 |
| Oct 19, 2020 | 2.73 | 5.80 |
| Oct 17, 2019 | 2.15 | 4.72 |
| Oct 15, 2018 | 1.58 | 3.83 |
| Oct 26, 2017 | 2.30 | 4.13 |
| Oct 28, 2016 | 1.44 | 3.59 |
| Oct 27, 2015 | 1.12 | 2.80 |
| Oct 27, 2014 | 2.12 | 3.42 |
| Oct 28, 2013 | 1.94 | 3.00 |
| Oct 29, 2012 | 0.67 | 2.49 |
| Oct 25, 2011 | 0.62 | 2.60 |
| Oct 26, 2010 | 0.91 | 2.91 |
| Oct 28, 2009 | 1.21 | 3.41 |
| Oct 27, 2008 | 0.44 | 2.01 |
| Oct 26, 2007 | 1.30 | 3.17 |
| Nov 8, 2006 | 2.00 | 3.55 |
| Nov 4, 2005 | 1.76 | 3.89 |
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/S, long-term trends, comparison to industry (information technology)
| Micron Technology Inc. | Information Technology | |
|---|---|---|
| Oct 3, 2025 | 5.64 | — |
| Oct 4, 2024 | 4.51 | 9.34 |
| Oct 6, 2023 | 4.94 | 7.33 |
| Oct 7, 2022 | 1.87 | 6.01 |
| Oct 8, 2021 | 2.83 | 7.00 |
| Oct 19, 2020 | 2.73 | 6.13 |
| Oct 17, 2019 | 2.15 | 4.62 |
| Oct 15, 2018 | 1.58 | 4.31 |
| Oct 26, 2017 | 2.30 | 4.19 |
| Oct 28, 2016 | 1.44 | 3.47 |
| Oct 27, 2015 | 1.12 | 3.04 |
| Oct 27, 2014 | 2.12 | 3.32 |
| Oct 28, 2013 | 1.94 | 2.86 |
| Oct 29, 2012 | 0.67 | 2.89 |
| Oct 25, 2011 | 0.62 | 2.84 |
| Oct 26, 2010 | 0.91 | 3.03 |
| Oct 28, 2009 | 1.21 | 3.12 |
| Oct 27, 2008 | 0.44 | 2.39 |
| Oct 26, 2007 | 1.30 | 5.74 |
| Nov 8, 2006 | 2.00 | 5.19 |
| Nov 4, 2005 | 1.76 | 5.61 |
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).