Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
Historical Valuation Ratios (Summary)
Micron Technology Inc., historical price multiples (quarterly data)
Based on: 10-Q (filing date: 2020-06-30), 10-Q (filing date: 2020-03-26), 10-Q (filing date: 2019-12-20), 10-K (filing date: 2019-10-17), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-21), 10-Q (filing date: 2018-12-19), 10-K (filing date: 2018-10-15), 10-Q (filing date: 2018-06-22), 10-Q (filing date: 2018-03-23), 10-Q (filing date: 2017-12-20), 10-K (filing date: 2017-10-26), 10-Q (filing date: 2017-06-30), 10-Q (filing date: 2017-03-28), 10-Q (filing date: 2017-01-09), 10-K (filing date: 2016-10-28), 10-Q (filing date: 2016-07-06), 10-Q (filing date: 2016-04-08), 10-Q (filing date: 2016-01-08), 10-K (filing date: 2015-10-27), 10-Q (filing date: 2015-07-10), 10-Q (filing date: 2015-04-10), 10-Q (filing date: 2015-01-09), 10-K (filing date: 2014-10-27), 10-Q (filing date: 2014-07-03), 10-Q (filing date: 2014-04-07), 10-Q (filing date: 2014-01-07).
| Valuation ratio | Description | The company |
|---|---|---|
| P/E ratio | The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. | Micron Technology Inc.’s P/E ratio increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020. |
| P/OP ratio | Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. | Micron Technology Inc.’s P/OP ratio increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020. |
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Micron Technology Inc.’s P/S ratio decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 not reaching Q1 2020 level. |
| P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. | Micron Technology Inc.’s P/BV ratio decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 not reaching Q1 2020 level. |
Price to Earnings (P/E)
Micron Technology Inc., historical P/E calculation (quarterly data)
| May 28, 2020 | Feb 27, 2020 | Nov 28, 2019 | Aug 29, 2019 | May 30, 2019 | Feb 28, 2019 | Nov 29, 2018 | Aug 30, 2018 | May 31, 2018 | Mar 1, 2018 | Nov 30, 2017 | Aug 31, 2017 | Jun 1, 2017 | Mar 2, 2017 | Dec 1, 2016 | Sep 1, 2016 | Jun 2, 2016 | Mar 3, 2016 | Dec 3, 2015 | Sep 3, 2015 | Jun 4, 2015 | Mar 5, 2015 | Dec 4, 2014 | Aug 28, 2014 | May 29, 2014 | Feb 27, 2014 | Nov 28, 2013 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 1,110,998,472 | 1,112,186,006 | 1,110,873,554 | 1,107,050,823 | 1,103,803,379 | 1,106,687,011 | 1,121,046,809 | 1,134,255,375 | 1,159,810,627 | 1,159,764,549 | 1,156,314,972 | 1,153,255,224 | 1,114,065,834 | 1,106,307,123 | 1,102,751,846 | 1,041,537,057 | 1,038,390,543 | 1,037,043,109 | 1,037,455,896 | 1,085,753,663 | 1,083,435,628 | 1,081,540,268 | 1,077,313,410 | 1,073,455,204 | 1,070,823,247 | 1,070,379,433 | 1,060,879,576 | ||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||||
| Net income (loss) attributable to Micron (in millions) | 803 | 405 | 491 | 561 | 840 | 1,619 | 3,293 | 4,325 | 3,823 | 3,309 | 2,678 | 2,368 | 1,647 | 894 | 180 | (170) | (215) | (97) | 206 | 471 | 491 | 934 | 1,003 | 1,150 | 806 | 731 | 358 | ||||||||
| Earnings per share (EPS)2 | 2.03 | 2.07 | 3.16 | 5.70 | 9.13 | 11.80 | 13.16 | 12.46 | 10.50 | 8.62 | 6.56 | 4.41 | 2.29 | 0.62 | -0.27 | -0.26 | 0.35 | 1.03 | 2.03 | 2.67 | 3.30 | 3.60 | 3.43 | 2.84 | 0.00 | 0.00 | 0.00 | ||||||||
| Share price1, 3 | 51.52 | 44.79 | 55.06 | 45.50 | 37.04 | 43.99 | 31.41 | 42.34 | 57.10 | 54.21 | 45.75 | 40.60 | 29.86 | 28.69 | 22.34 | 17.20 | 11.73 | 10.72 | 13.33 | 16.68 | 17.57 | 28.02 | 33.53 | 32.30 | 33.73 | 21.71 | 21.73 | ||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||||
| P/E ratio4 | 25.33 | 21.69 | 17.42 | 7.98 | 4.06 | 3.73 | 2.39 | 3.40 | 5.44 | 6.29 | 6.97 | 9.20 | 13.04 | 46.07 | — | — | 33.37 | 10.38 | 6.58 | 6.25 | 5.32 | 7.78 | 9.79 | 11.39 | — | — | — | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | |||||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 146.69 | 129.05 | 169.62 | 176.53 | 173.06 | 106.61 | 68.76 | 50.55 | 55.68 | 53.78 | 282.39 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Analog Devices Inc. | 39.23 | 37.97 | 37.64 | 31.04 | 26.42 | 23.89 | 24.87 | 22.17 | 25.81 | 33.09 | 42.83 | 44.94 | 45.55 | 37.59 | 27.60 | 26.07 | 29.83 | 26.48 | 23.95 | 27.06 | — | — | — | — | — | — | — | ||||||||
| Apple Inc. | 31.11 | 21.90 | 24.67 | 20.00 | 17.29 | 16.94 | 13.11 | 16.07 | 17.34 | 16.28 | 16.12 | 18.32 | 17.40 | 16.77 | 14.94 | 13.49 | 11.61 | 10.57 | 9.64 | 12.46 | 14.08 | 15.73 | 15.11 | 15.60 | — | — | — | ||||||||
| Applied Materials Inc. | 18.29 | 17.29 | 21.57 | 20.25 | 15.06 | 10.73 | 9.34 | 9.75 | 12.30 | 16.14 | 20.56 | 16.16 | 15.23 | 18.31 | 18.26 | 20.68 | 22.15 | 20.33 | 16.24 | 15.88 | 14.79 | 19.56 | 26.25 | 27.87 | — | — | — | ||||||||
| Broadcom Inc. | 65.22 | 51.78 | 36.94 | 47.09 | 38.49 | 30.48 | 17.68 | 8.14 | 8.34 | 10.57 | 14.31 | 63.27 | 190.51 | — | — | — | — | — | 40.57 | 28.48 | 33.13 | 55.71 | 66.64 | 98.34 | — | — | — | ||||||||
| Cisco Systems Inc. | 17.64 | 17.87 | 17.54 | 17.69 | 18.30 | 16.99 | 158.12 | 1,964.84 | — | — | 18.72 | 16.37 | 15.88 | 17.38 | 14.11 | 14.69 | 13.98 | 12.87 | 14.50 | 14.82 | — | — | — | — | — | — | — | ||||||||
| Intel Corp. | — | 9.09 | 11.04 | 13.91 | 12.70 | 11.57 | 11.41 | 10.41 | 13.75 | 16.54 | 22.16 | 22.15 | 13.97 | 12.93 | 15.69 | 16.72 | 15.94 | 16.33 | 12.60 | 11.85 | — | — | — | — | — | — | — | ||||||||
| Lam Research Corp. | 18.13 | 22.89 | 18.89 | 13.64 | 11.64 | 8.99 | 9.78 | 11.70 | 16.16 | 18.51 | 16.47 | 15.33 | 16.07 | 18.91 | 17.96 | 15.82 | 16.28 | 13.36 | 15.05 | 17.38 | — | — | — | — | — | — | — | ||||||||
| NVIDIA Corp. | 53.25 | 33.04 | 29.64 | 22.80 | 26.30 | 36.38 | 38.93 | 48.05 | 50.69 | 43.50 | 41.49 | 36.34 | 41.41 | 36.46 | 35.06 | 28.97 | 27.86 | 23.55 | 18.02 | 19.77 | — | — | — | — | — | — | — | ||||||||
| Qualcomm Inc. | 38.25 | 21.95 | 24.49 | 22.03 | 26.26 | 42.74 | 28.15 | — | — | — | — | 31.96 | 21.51 | 17.37 | 17.19 | 17.37 | 15.92 | 15.59 | 14.81 | 17.18 | 16.52 | 15.69 | 14.52 | 16.11 | — | — | — | ||||||||
| Texas Instruments Inc. | — | 24.04 | 20.66 | 24.47 | 21.27 | 21.89 | 20.36 | 18.05 | 19.49 | 24.79 | 25.03 | 27.77 | 21.75 | 19.56 | 20.48 | 21.45 | 20.05 | 22.07 | 18.63 | 17.66 | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (filing date: 2020-06-30), 10-Q (filing date: 2020-03-26), 10-Q (filing date: 2019-12-20), 10-K (filing date: 2019-10-17), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-21), 10-Q (filing date: 2018-12-19), 10-K (filing date: 2018-10-15), 10-Q (filing date: 2018-06-22), 10-Q (filing date: 2018-03-23), 10-Q (filing date: 2017-12-20), 10-K (filing date: 2017-10-26), 10-Q (filing date: 2017-06-30), 10-Q (filing date: 2017-03-28), 10-Q (filing date: 2017-01-09), 10-K (filing date: 2016-10-28), 10-Q (filing date: 2016-07-06), 10-Q (filing date: 2016-04-08), 10-Q (filing date: 2016-01-08), 10-K (filing date: 2015-10-27), 10-Q (filing date: 2015-07-10), 10-Q (filing date: 2015-04-10), 10-Q (filing date: 2015-01-09), 10-K (filing date: 2014-10-27), 10-Q (filing date: 2014-07-03), 10-Q (filing date: 2014-04-07), 10-Q (filing date: 2014-01-07).
1 Data adjusted for splits and stock dividends.
2 Q3 2020 Calculation
EPS
= (Net income (loss) attributable to MicronQ3 2020
+ Net income (loss) attributable to MicronQ2 2020
+ Net income (loss) attributable to MicronQ1 2020
+ Net income (loss) attributable to MicronQ4 2019)
÷ No. shares of common stock outstanding
= (803,000,000 + 405,000,000 + 491,000,000 + 561,000,000)
÷ 1,110,998,472 = 2.03
3 Closing price as at the filing date of Micron Technology Inc.’s Quarterly or Annual Report.
4 Q3 2020 Calculation
P/E ratio = Share price ÷ EPS
= 51.52 ÷ 2.03 = 25.33
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/E ratio | The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. | Micron Technology Inc.’s P/E ratio increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020. |
Price to Operating Profit (P/OP)
Micron Technology Inc., historical P/OP calculation (quarterly data)
| May 28, 2020 | Feb 27, 2020 | Nov 28, 2019 | Aug 29, 2019 | May 30, 2019 | Feb 28, 2019 | Nov 29, 2018 | Aug 30, 2018 | May 31, 2018 | Mar 1, 2018 | Nov 30, 2017 | Aug 31, 2017 | Jun 1, 2017 | Mar 2, 2017 | Dec 1, 2016 | Sep 1, 2016 | Jun 2, 2016 | Mar 3, 2016 | Dec 3, 2015 | Sep 3, 2015 | Jun 4, 2015 | Mar 5, 2015 | Dec 4, 2014 | Aug 28, 2014 | May 29, 2014 | Feb 27, 2014 | Nov 28, 2013 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 1,110,998,472 | 1,112,186,006 | 1,110,873,554 | 1,107,050,823 | 1,103,803,379 | 1,106,687,011 | 1,121,046,809 | 1,134,255,375 | 1,159,810,627 | 1,159,764,549 | 1,156,314,972 | 1,153,255,224 | 1,114,065,834 | 1,106,307,123 | 1,102,751,846 | 1,041,537,057 | 1,038,390,543 | 1,037,043,109 | 1,037,455,896 | 1,085,753,663 | 1,083,435,628 | 1,081,540,268 | 1,077,313,410 | 1,073,455,204 | 1,070,823,247 | 1,070,379,433 | 1,060,879,576 | ||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||||
| Operating income (loss) (in millions) | 888 | 440 | 518 | 650 | 1,010 | 1,957 | 3,759 | 4,377 | 3,953 | 3,567 | 3,097 | 2,502 | 1,963 | 1,044 | 359 | (32) | (27) | (5) | 232 | 427 | 631 | 855 | 1,085 | 828 | 839 | 869 | 551 | ||||||||
| Operating profit per share2 | 2.25 | 2.35 | 3.72 | 6.66 | 10.06 | 12.69 | 13.97 | 13.22 | 11.31 | 9.60 | 7.44 | 5.09 | 2.99 | 1.21 | 0.27 | 0.16 | 0.60 | 1.24 | 2.07 | 2.76 | 3.14 | 3.34 | 3.36 | 2.88 | 0.00 | 0.00 | 0.00 | ||||||||
| Share price1, 3 | 51.52 | 44.79 | 55.06 | 45.50 | 37.04 | 43.99 | 31.41 | 42.34 | 57.10 | 54.21 | 45.75 | 40.60 | 29.86 | 28.69 | 22.34 | 17.20 | 11.73 | 10.72 | 13.33 | 16.68 | 17.57 | 28.02 | 33.53 | 32.30 | 33.73 | 21.71 | 21.73 | ||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||||
| P/OP ratio4 | 22.93 | 19.03 | 14.79 | 6.83 | 3.68 | 3.47 | 2.25 | 3.20 | 5.05 | 5.65 | 6.15 | 7.98 | 9.98 | 23.62 | 83.51 | 106.63 | 19.43 | 8.65 | 6.45 | 6.04 | 5.60 | 8.40 | 9.98 | 11.23 | — | — | — | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | |||||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 101.06 | 81.62 | 91.66 | 118.63 | 120.20 | 78.58 | 51.38 | 36.04 | 38.08 | 30.01 | 59.52 | 87.97 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Analog Devices Inc. | 31.72 | 30.10 | 29.85 | 24.74 | 21.27 | 19.35 | 20.36 | 17.62 | 20.03 | 23.29 | 27.92 | 30.97 | 31.93 | 30.33 | 22.95 | 21.85 | 25.32 | 22.10 | 19.99 | 22.69 | — | — | — | — | — | — | — | ||||||||
| Apple Inc. | 27.07 | 19.10 | 21.45 | 17.29 | 14.94 | 14.79 | 11.46 | 13.49 | 14.33 | 13.14 | 12.67 | 14.44 | 13.53 | 12.93 | 11.41 | 10.27 | 8.82 | 8.01 | 7.28 | 9.34 | 10.54 | 11.76 | 11.33 | 11.74 | — | — | — | ||||||||
| Applied Materials Inc. | 14.76 | 13.85 | 17.50 | 16.36 | 12.41 | 9.45 | 8.18 | 6.74 | 8.62 | 11.02 | 13.84 | 14.35 | 13.15 | 15.51 | 14.99 | 16.54 | 17.82 | 16.17 | 13.44 | 12.92 | 11.41 | 14.80 | 18.59 | 19.66 | — | — | — | ||||||||
| Broadcom Inc. | 41.08 | 35.53 | 25.99 | 36.85 | 28.49 | 23.44 | 24.21 | 19.42 | 22.97 | 32.67 | 39.00 | 44.93 | 50.07 | 94.49 | — | — | — | 226.20 | 33.05 | 23.80 | 24.98 | 38.73 | 45.69 | 59.05 | — | — | — | ||||||||
| Cisco Systems Inc. | 13.53 | 13.95 | 13.79 | 14.46 | 17.44 | 16.19 | 14.97 | 17.56 | 17.11 | 17.64 | 15.29 | 13.14 | 12.97 | 14.18 | 12.04 | 12.46 | 11.70 | 10.92 | 12.07 | 12.36 | — | — | — | — | — | — | — | ||||||||
| Intel Corp. | — | 8.28 | 10.08 | 13.29 | 11.44 | 10.22 | 10.20 | 9.40 | 9.27 | 10.86 | 13.07 | 11.86 | 11.34 | 10.01 | 12.68 | 13.40 | 13.07 | 13.32 | 10.36 | 9.66 | — | — | — | — | — | — | — | ||||||||
| Lam Research Corp. | 14.99 | 19.68 | 16.64 | 12.12 | 11.10 | 8.51 | 7.30 | 8.66 | 10.64 | 12.08 | 14.63 | 13.68 | 14.34 | 15.04 | 15.14 | 13.46 | 13.39 | 11.29 | 12.66 | 14.45 | — | — | — | — | — | — | — | ||||||||
| NVIDIA Corp. | 59.72 | 39.72 | 34.03 | 24.82 | 26.94 | 35.41 | 37.29 | 45.61 | 45.62 | 38.06 | 36.35 | 31.30 | 34.79 | 31.84 | 29.56 | 23.81 | 22.93 | 17.79 | 14.44 | 16.42 | — | — | — | — | — | — | — | ||||||||
| Qualcomm Inc. | 29.96 | 11.05 | 13.01 | 12.60 | 14.09 | 54.63 | 42.67 | 103.26 | 50.49 | 46.77 | 54.17 | 30.15 | 20.53 | 15.86 | 15.04 | 15.26 | 14.10 | 13.97 | 13.17 | 15.68 | 15.22 | 15.05 | 14.42 | 17.00 | — | — | — | ||||||||
| Texas Instruments Inc. | — | 22.86 | 18.39 | 21.46 | 18.41 | 18.41 | 16.89 | 15.00 | 13.51 | 16.50 | 15.90 | 16.81 | 16.34 | 14.79 | 15.64 | 16.07 | 14.68 | 15.90 | 13.23 | 12.34 | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (filing date: 2020-06-30), 10-Q (filing date: 2020-03-26), 10-Q (filing date: 2019-12-20), 10-K (filing date: 2019-10-17), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-21), 10-Q (filing date: 2018-12-19), 10-K (filing date: 2018-10-15), 10-Q (filing date: 2018-06-22), 10-Q (filing date: 2018-03-23), 10-Q (filing date: 2017-12-20), 10-K (filing date: 2017-10-26), 10-Q (filing date: 2017-06-30), 10-Q (filing date: 2017-03-28), 10-Q (filing date: 2017-01-09), 10-K (filing date: 2016-10-28), 10-Q (filing date: 2016-07-06), 10-Q (filing date: 2016-04-08), 10-Q (filing date: 2016-01-08), 10-K (filing date: 2015-10-27), 10-Q (filing date: 2015-07-10), 10-Q (filing date: 2015-04-10), 10-Q (filing date: 2015-01-09), 10-K (filing date: 2014-10-27), 10-Q (filing date: 2014-07-03), 10-Q (filing date: 2014-04-07), 10-Q (filing date: 2014-01-07).
1 Data adjusted for splits and stock dividends.
2 Q3 2020 Calculation
Operating profit per share
= (Operating income (loss)Q3 2020
+ Operating income (loss)Q2 2020
+ Operating income (loss)Q1 2020
+ Operating income (loss)Q4 2019)
÷ No. shares of common stock outstanding
= (888,000,000 + 440,000,000 + 518,000,000 + 650,000,000)
÷ 1,110,998,472 = 2.25
3 Closing price as at the filing date of Micron Technology Inc.’s Quarterly or Annual Report.
4 Q3 2020 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 51.52 ÷ 2.25 = 22.93
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/OP ratio | Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. | Micron Technology Inc.’s P/OP ratio increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020. |
Price to Sales (P/S)
Micron Technology Inc., historical P/S calculation (quarterly data)
| May 28, 2020 | Feb 27, 2020 | Nov 28, 2019 | Aug 29, 2019 | May 30, 2019 | Feb 28, 2019 | Nov 29, 2018 | Aug 30, 2018 | May 31, 2018 | Mar 1, 2018 | Nov 30, 2017 | Aug 31, 2017 | Jun 1, 2017 | Mar 2, 2017 | Dec 1, 2016 | Sep 1, 2016 | Jun 2, 2016 | Mar 3, 2016 | Dec 3, 2015 | Sep 3, 2015 | Jun 4, 2015 | Mar 5, 2015 | Dec 4, 2014 | Aug 28, 2014 | May 29, 2014 | Feb 27, 2014 | Nov 28, 2013 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 1,110,998,472 | 1,112,186,006 | 1,110,873,554 | 1,107,050,823 | 1,103,803,379 | 1,106,687,011 | 1,121,046,809 | 1,134,255,375 | 1,159,810,627 | 1,159,764,549 | 1,156,314,972 | 1,153,255,224 | 1,114,065,834 | 1,106,307,123 | 1,102,751,846 | 1,041,537,057 | 1,038,390,543 | 1,037,043,109 | 1,037,455,896 | 1,085,753,663 | 1,083,435,628 | 1,081,540,268 | 1,077,313,410 | 1,073,455,204 | 1,070,823,247 | 1,070,379,433 | 1,060,879,576 | ||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||||
| Revenue (in millions) | 5,438 | 4,797 | 5,144 | 4,870 | 4,788 | 5,835 | 7,913 | 8,440 | 7,797 | 7,351 | 6,803 | 6,138 | 5,566 | 4,648 | 3,970 | 3,217 | 2,898 | 2,934 | 3,350 | 3,600 | 3,853 | 4,166 | 4,573 | 4,227 | 3,982 | 4,107 | 4,042 | ||||||||
| Sales per share2 | 18.23 | 17.62 | 18.58 | 21.14 | 24.44 | 27.09 | 28.10 | 26.79 | 24.22 | 22.30 | 20.02 | 17.62 | 15.62 | 13.32 | 11.81 | 11.90 | 12.31 | 13.25 | 14.43 | 14.91 | 15.52 | 15.67 | 15.68 | 15.24 | 0.00 | 0.00 | 0.00 | ||||||||
| Share price1, 3 | 51.52 | 44.79 | 55.06 | 45.50 | 37.04 | 43.99 | 31.41 | 42.34 | 57.10 | 54.21 | 45.75 | 40.60 | 29.86 | 28.69 | 22.34 | 17.20 | 11.73 | 10.72 | 13.33 | 16.68 | 17.57 | 28.02 | 33.53 | 32.30 | 33.73 | 21.71 | 21.73 | ||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||||
| P/S ratio4 | 2.83 | 2.54 | 2.96 | 2.15 | 1.52 | 1.62 | 1.12 | 1.58 | 2.36 | 2.43 | 2.28 | 2.30 | 1.91 | 2.15 | 1.89 | 1.44 | 0.95 | 0.81 | 0.92 | 1.12 | 1.13 | 1.79 | 2.14 | 2.12 | — | — | — | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | |||||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 11.68 | 8.67 | 8.59 | 6.13 | 5.63 | 4.75 | 3.58 | 2.78 | 2.81 | 1.77 | 2.28 | 2.11 | 2.71 | 2.14 | 3.08 | 1.64 | 1.43 | 0.76 | 0.38 | — | — | — | — | — | — | — | ||||||||
| Analog Devices Inc. | 7.90 | 7.61 | 7.93 | 7.06 | 6.53 | 6.01 | 6.32 | 5.35 | 5.92 | 5.86 | 5.91 | 6.40 | 6.74 | 7.86 | 6.94 | 6.57 | 5.81 | 5.06 | 4.76 | 5.49 | — | — | — | — | — | — | — | ||||||||
| Apple Inc. | 6.64 | 4.68 | 5.30 | 4.25 | 3.72 | 3.75 | 2.98 | 3.60 | 3.81 | 3.51 | 3.41 | 3.86 | 3.63 | 3.48 | 3.10 | 2.86 | 2.52 | 2.36 | 2.20 | 2.85 | 3.18 | 3.55 | 3.36 | 3.37 | — | — | — | ||||||||
| Applied Materials Inc. | 3.58 | 3.27 | 4.06 | 3.75 | 2.92 | 2.37 | 2.19 | 1.87 | 2.44 | 3.10 | 3.81 | 3.82 | 3.36 | 3.74 | 3.30 | 3.29 | 3.24 | 2.70 | 2.23 | 2.26 | 2.01 | 2.66 | 3.31 | 3.29 | — | — | — | ||||||||
| Broadcom Inc. | 6.27 | 5.28 | 4.13 | 5.62 | 5.17 | 4.85 | 5.39 | 4.78 | 4.81 | 5.90 | 5.84 | 6.07 | 5.94 | 6.38 | 5.71 | 5.48 | 6.11 | 7.31 | 8.10 | 5.69 | 5.39 | 6.07 | 6.16 | 6.06 | — | — | — | ||||||||
| Cisco Systems Inc. | 3.76 | 3.83 | 3.71 | 3.96 | 4.71 | 4.30 | 3.98 | 4.38 | 4.22 | 4.41 | 3.79 | 3.28 | 3.27 | 3.52 | 3.07 | 3.20 | 2.90 | 2.68 | 2.80 | 2.71 | — | — | — | — | — | — | — | ||||||||
| Intel Corp. | — | 2.73 | 3.31 | 4.07 | 3.49 | 3.25 | 3.31 | 3.09 | 3.01 | 3.32 | 3.84 | 3.39 | 3.12 | 2.66 | 2.91 | 2.90 | 2.85 | 2.91 | 2.57 | 2.44 | — | — | — | — | — | — | — | ||||||||
| Lam Research Corp. | 3.95 | 4.96 | 4.23 | 3.10 | 2.99 | 2.40 | 2.08 | 2.51 | 2.96 | 3.26 | 3.76 | 3.25 | 3.19 | 2.96 | 2.70 | 2.46 | 2.20 | 1.92 | 2.12 | 2.17 | — | — | — | — | — | — | — | ||||||||
| NVIDIA Corp. | 12.82 | 8.90 | 9.09 | 8.06 | 9.94 | 13.18 | 13.41 | 15.07 | 14.59 | 11.92 | 10.81 | 8.76 | 8.22 | 6.19 | 4.67 | 3.55 | 3.44 | 2.59 | 2.39 | 2.66 | — | — | — | — | — | — | — | ||||||||
| Qualcomm Inc. | 5.25 | 3.59 | 4.24 | 3.98 | 3.52 | 4.95 | 2.82 | 3.37 | 3.82 | 3.26 | 4.52 | 3.54 | 3.71 | 3.34 | 3.53 | 4.21 | 3.60 | 3.38 | 2.97 | 3.58 | 3.80 | 4.09 | 4.34 | 4.85 | — | — | — | ||||||||
| Texas Instruments Inc. | — | 8.87 | 7.28 | 8.54 | 7.48 | 7.66 | 7.09 | 6.38 | 5.77 | 6.96 | 6.61 | 6.83 | 6.52 | 5.68 | 5.77 | 5.77 | 5.16 | 5.41 | 4.41 | 4.06 | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (filing date: 2020-06-30), 10-Q (filing date: 2020-03-26), 10-Q (filing date: 2019-12-20), 10-K (filing date: 2019-10-17), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-21), 10-Q (filing date: 2018-12-19), 10-K (filing date: 2018-10-15), 10-Q (filing date: 2018-06-22), 10-Q (filing date: 2018-03-23), 10-Q (filing date: 2017-12-20), 10-K (filing date: 2017-10-26), 10-Q (filing date: 2017-06-30), 10-Q (filing date: 2017-03-28), 10-Q (filing date: 2017-01-09), 10-K (filing date: 2016-10-28), 10-Q (filing date: 2016-07-06), 10-Q (filing date: 2016-04-08), 10-Q (filing date: 2016-01-08), 10-K (filing date: 2015-10-27), 10-Q (filing date: 2015-07-10), 10-Q (filing date: 2015-04-10), 10-Q (filing date: 2015-01-09), 10-K (filing date: 2014-10-27), 10-Q (filing date: 2014-07-03), 10-Q (filing date: 2014-04-07), 10-Q (filing date: 2014-01-07).
1 Data adjusted for splits and stock dividends.
2 Q3 2020 Calculation
Sales per share
= (RevenueQ3 2020
+ RevenueQ2 2020
+ RevenueQ1 2020
+ RevenueQ4 2019)
÷ No. shares of common stock outstanding
= (5,438,000,000 + 4,797,000,000 + 5,144,000,000 + 4,870,000,000)
÷ 1,110,998,472 = 18.23
3 Closing price as at the filing date of Micron Technology Inc.’s Quarterly or Annual Report.
4 Q3 2020 Calculation
P/S ratio = Share price ÷ Sales per share
= 51.52 ÷ 18.23 = 2.83
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Micron Technology Inc.’s P/S ratio decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 not reaching Q1 2020 level. |
Price to Book Value (P/BV)
Micron Technology Inc., historical P/BV calculation (quarterly data)
| May 28, 2020 | Feb 27, 2020 | Nov 28, 2019 | Aug 29, 2019 | May 30, 2019 | Feb 28, 2019 | Nov 29, 2018 | Aug 30, 2018 | May 31, 2018 | Mar 1, 2018 | Nov 30, 2017 | Aug 31, 2017 | Jun 1, 2017 | Mar 2, 2017 | Dec 1, 2016 | Sep 1, 2016 | Jun 2, 2016 | Mar 3, 2016 | Dec 3, 2015 | Sep 3, 2015 | Jun 4, 2015 | Mar 5, 2015 | Dec 4, 2014 | Aug 28, 2014 | May 29, 2014 | Feb 27, 2014 | Nov 28, 2013 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 1,110,998,472 | 1,112,186,006 | 1,110,873,554 | 1,107,050,823 | 1,103,803,379 | 1,106,687,011 | 1,121,046,809 | 1,134,255,375 | 1,159,810,627 | 1,159,764,549 | 1,156,314,972 | 1,153,255,224 | 1,114,065,834 | 1,106,307,123 | 1,102,751,846 | 1,041,537,057 | 1,038,390,543 | 1,037,043,109 | 1,037,455,896 | 1,085,753,663 | 1,083,435,628 | 1,081,540,268 | 1,077,313,410 | 1,073,455,204 | 1,070,823,247 | 1,070,379,433 | 1,060,879,576 | ||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||||
| Total Micron shareholders’ equity (in millions) | 37,820 | 37,023 | 36,500 | 35,881 | 35,323 | 34,567 | 33,869 | 32,294 | 28,649 | 25,697 | 22,526 | 18,621 | 16,171 | 14,287 | 12,320 | 12,080 | 12,187 | 12,264 | 12,301 | 12,302 | 12,458 | 12,426 | 11,678 | 10,771 | 9,940 | 9,284 | 9,219 | ||||||||
| Book value per share (BVPS)2 | 34.04 | 33.29 | 32.86 | 32.41 | 32.00 | 31.23 | 30.21 | 28.47 | 24.70 | 22.16 | 19.48 | 16.15 | 14.52 | 12.91 | 11.17 | 11.60 | 11.74 | 11.83 | 11.86 | 11.33 | 11.50 | 11.49 | 10.84 | 10.03 | 9.28 | 8.67 | 8.69 | ||||||||
| Share price1, 3 | 51.52 | 44.79 | 55.06 | 45.50 | 37.04 | 43.99 | 31.41 | 42.34 | 57.10 | 54.21 | 45.75 | 40.60 | 29.86 | 28.69 | 22.34 | 17.20 | 11.73 | 10.72 | 13.33 | 16.68 | 17.57 | 28.02 | 33.53 | 32.30 | 33.73 | 21.71 | 21.73 | ||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||||
| P/BV ratio4 | 1.51 | 1.35 | 1.68 | 1.40 | 1.16 | 1.41 | 1.04 | 1.49 | 2.31 | 2.45 | 2.35 | 2.51 | 2.06 | 2.22 | 2.00 | 1.48 | 1.00 | 0.91 | 1.12 | 1.47 | 1.53 | 2.44 | 3.09 | 3.22 | 3.63 | 2.50 | 2.50 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | |||||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | 27.03 | 20.69 | 20.46 | 16.96 | 17.39 | 16.22 | 18.30 | 16.18 | 20.84 | 14.82 | 19.87 | 20.13 | 30.06 | 23.20 | 31.66 | 17.55 | — | — | — | — | — | 104.35 | — | — | — | — | ||||||||
| Analog Devices Inc. | 3.70 | 3.64 | 3.90 | 3.61 | 3.40 | 3.19 | 3.40 | 3.02 | 3.35 | 3.33 | 3.22 | 3.22 | 3.10 | 3.16 | 4.75 | 4.35 | 3.96 | 3.52 | 3.27 | 3.72 | 3.59 | 4.01 | 3.81 | — | — | — | — | ||||||||
| Apple Inc. | 25.14 | 15.98 | 15.85 | 12.21 | 9.98 | 9.15 | 6.61 | 8.93 | 8.47 | 6.84 | 5.81 | 6.61 | 6.13 | 5.72 | 5.10 | 4.81 | 4.38 | 4.11 | 4.04 | 5.57 | 5.68 | 5.83 | 5.45 | 5.53 | 4.81 | 4.07 | 3.48 | ||||||||
| Applied Materials Inc. | 6.09 | 5.59 | 7.04 | 6.67 | 5.35 | 4.56 | 4.49 | 4.73 | 6.16 | 7.27 | 6.93 | 5.94 | 5.35 | 5.89 | 5.08 | 4.93 | 4.70 | 3.94 | 2.98 | 2.87 | 2.41 | 2.97 | 3.79 | 3.80 | 3.52 | 3.24 | 3.18 | ||||||||
| Broadcom Inc. | 6.18 | 5.04 | 3.84 | 5.09 | 5.36 | 4.77 | 4.95 | 3.74 | 3.55 | 3.61 | 4.25 | 5.28 | 5.08 | 5.34 | 4.68 | 3.84 | 3.44 | 3.30 | 11.01 | 8.24 | 8.28 | 9.14 | 8.82 | 7.97 | 7.17 | 5.74 | 5.23 | ||||||||
| Cisco Systems Inc. | 5.33 | 5.56 | 5.60 | 6.12 | 6.57 | 5.36 | 4.56 | 5.00 | 4.40 | 4.08 | 2.76 | 2.38 | 2.43 | 2.68 | 2.37 | 2.48 | 2.30 | 2.18 | 2.32 | 2.23 | 2.56 | 2.61 | 2.42 | — | — | — | — | ||||||||
| Intel Corp. | — | 2.62 | 3.29 | 3.78 | 3.31 | 3.05 | 3.19 | 2.94 | 2.92 | 3.14 | 3.50 | 3.08 | 2.73 | 2.39 | 2.64 | 2.60 | 2.62 | 2.69 | 2.36 | 2.21 | 2.87 | 2.34 | 2.81 | — | — | — | — | ||||||||
| Lam Research Corp. | 8.38 | 10.81 | 8.13 | 6.39 | 5.88 | 4.51 | 4.27 | 4.28 | 4.48 | 5.07 | 4.59 | 3.82 | 3.41 | 2.95 | 2.58 | 2.45 | 2.25 | 2.04 | 2.26 | 2.23 | 2.35 | 2.47 | 2.57 | — | — | — | — | ||||||||
| NVIDIA Corp. | 11.45 | 8.77 | 10.05 | 10.10 | 13.03 | 17.80 | 19.09 | 19.60 | 20.61 | 16.65 | 13.30 | 10.51 | 9.48 | 7.51 | 5.75 | 3.98 | 3.74 | 2.96 | 2.48 | 2.82 | 2.59 | 2.42 | 2.44 | — | — | — | — | ||||||||
| Qualcomm Inc. | 31.75 | 29.17 | 23.03 | 19.69 | 16.28 | 27.16 | 16.79 | 82.57 | 3.78 | 3.10 | 4.22 | 2.56 | 2.68 | 2.48 | 2.69 | 3.12 | 2.68 | 2.58 | 2.35 | 2.88 | 3.04 | 2.97 | 3.02 | 3.28 | 3.53 | 3.56 | 3.25 | ||||||||
| Texas Instruments Inc. | — | 15.88 | 13.29 | 13.79 | 12.28 | 13.75 | 12.98 | 11.20 | 8.68 | 10.26 | 9.53 | 9.89 | 8.68 | 7.52 | 7.47 | 7.36 | 6.60 | 7.01 | 5.79 | 5.30 | 5.84 | 5.01 | 5.42 | — | — | — | — | ||||||||
Based on: 10-Q (filing date: 2020-06-30), 10-Q (filing date: 2020-03-26), 10-Q (filing date: 2019-12-20), 10-K (filing date: 2019-10-17), 10-Q (filing date: 2019-06-26), 10-Q (filing date: 2019-03-21), 10-Q (filing date: 2018-12-19), 10-K (filing date: 2018-10-15), 10-Q (filing date: 2018-06-22), 10-Q (filing date: 2018-03-23), 10-Q (filing date: 2017-12-20), 10-K (filing date: 2017-10-26), 10-Q (filing date: 2017-06-30), 10-Q (filing date: 2017-03-28), 10-Q (filing date: 2017-01-09), 10-K (filing date: 2016-10-28), 10-Q (filing date: 2016-07-06), 10-Q (filing date: 2016-04-08), 10-Q (filing date: 2016-01-08), 10-K (filing date: 2015-10-27), 10-Q (filing date: 2015-07-10), 10-Q (filing date: 2015-04-10), 10-Q (filing date: 2015-01-09), 10-K (filing date: 2014-10-27), 10-Q (filing date: 2014-07-03), 10-Q (filing date: 2014-04-07), 10-Q (filing date: 2014-01-07).
1 Data adjusted for splits and stock dividends.
2 Q3 2020 Calculation
BVPS = Total Micron shareholders’ equity ÷ No. shares of common stock outstanding
= 37,820,000,000 ÷ 1,110,998,472 = 34.04
3 Closing price as at the filing date of Micron Technology Inc.’s Quarterly or Annual Report.
4 Q3 2020 Calculation
P/BV ratio = Share price ÷ BVPS
= 51.52 ÷ 34.04 = 1.51
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. | Micron Technology Inc.’s P/BV ratio decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 not reaching Q1 2020 level. |