Enterprise Value (EV)
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- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Debt
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Current Enterprise Value (EV)
Micron Technology Inc., current enterprise value calculation
| Current share price (P) | |
| No. shares of common stock outstanding | |
| US$ in millions | |
| Common equity (market value)1 | |
| Total equity | |
| Add: Current debt (per books) | |
| Add: Long-term debt (per books) | |
| Total equity and debt | |
| Less: Cash and equivalents | |
| Less: Short-term investments | |
| Enterprise value (EV) | |
Based on: 10-K (reporting date: 2025-08-28).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
Micron Technology Inc., EV calculation
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).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Micron Technology Inc. Annual Report.
3 2025 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
- Equity Trends
- The market value of common equity exhibited notable fluctuations over the given periods. Starting at approximately 58.6 billion USD in 2020, it rose significantly to 78.4 billion USD by 2021. The value then declined to about 57.5 billion USD in 2022, before recovering to 76.8 billion USD in 2023. From 2023 onwards, there was a pronounced increase, reaching 113.4 billion USD in 2024 and substantially more than doubling to 210.8 billion USD by 2025.
- Since total equity mirrors common equity market value across all reported years, it shows an identical trend, indicating congruence between reported equity and market valuation.
- Total Equity and Debt Analysis
- The sum of total equity and debt also demonstrated a pattern of growth with intermittent declines. Beginning at 65.2 billion USD in 2020, it grew to 85.2 billion USD in 2021, fell to 64.4 billion USD in 2022, then increased steadily to 90.1 billion USD in 2023. Subsequent years showed significant expansion: 126.8 billion USD in 2024 followed by a near doubling to 225.4 billion USD in 2025. This pattern suggests increased leveraging or debt financing alongside equity growth in the later years.
- Enterprise Value (EV) Movement
- Enterprise value followed a trend broadly consistent with equity and total capital movements but remained slightly lower than the combined total equity and debt figures, indicating the presence of non-equity adjustments or cash considerations. EV started at 57.1 billion USD in 2020, climbed to 76.6 billion USD in 2021, dropped to 55.1 billion USD in 2022, then increased steadily to 80.6 billion USD in 2023. The value surged in 2024 and 2025, reaching 118.7 billion USD and 215.1 billion USD respectively, mirroring the substantial growth in total capital.
- Overall Insights
- The financial data reflect volatility in valuation and capital structure through the middle of the period, particularly in 2022 when declines are noted across key metrics. However, from 2023 onwards, there is a clear trend of robust growth, with both equity and enterprise value rising sharply by 2025. The near doubling of total equity and debt along with enterprise value between 2024 and 2025 suggests aggressive expansion or increased market confidence, possibly driven by operational improvements, market conditions, or strategic initiatives. The close alignment between market equity and total equity underscores a strong market validation of the company's equity base.