Price to Sales (P/S)
since 2005
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Micron Technology Inc. pages available for free this week:
- Balance Sheet: Assets
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
- Analysis of Debt
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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 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.
The analyzed financial data reveals several notable trends and fluctuations across the observed periods.
- Share Price
- The share price exhibited significant volatility over the years. It started relatively low around 13.92 US$ in 2005, declining markedly to a low of 3.39 US$ by October 2008. Following this trough, the price showed recovery and growth, reaching peaks above 70 US$ in 2021. There was a notable drop in 2022 back to approximately 52.91 US$ before rising again sharply to 102.25 US$ by 2024, indicating periods of strong market confidence interspersed with corrections.
- Sales per Share
- Sales per share also experienced fluctuations, beginning near 7.9 US$ in 2005 and dipping to 5.65 US$ in 2009. A significant upward trend followed, with sales per share peaking at 28.29 US$ in 2022. However, 2023 saw a sharp decline to 14.15 US$, before rebounding to 22.65 US$ in 2024. These changes suggest variability in revenue generation or share count changes affecting per-share sales.
- Price-to-Sales Ratio (P/S)
- The P/S ratio demonstrated substantial variation, reflective of both share price and sales per share shifts. Starting at 1.76 in 2005, the ratio fell to a low of 0.44 in 2008, coinciding with the share price decline. Subsequently, it generally increased, reaching very high levels of 4.94 in 2023 and slightly lower at 4.51 in 2024. This implies the market valued the company's sales more highly relative to share price in recent years, which could reflect investor optimism or expectations of future growth.
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 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/S, 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/S, 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).