Micron Technology, Inc.

SWX:MU Stock Report

Market Cap: CHF 308.0b

Micron Technology Valuation

Is MU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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Learn how to determine fair value like the best investors in the world.

Below Fair Value: MU (CHF269.84) is trading above our estimate of fair value (CHF169.71)

Significantly Below Fair Value: MU is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MU?

Key metric: As MU is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MU. This is calculated by dividing MU's market cap by their current earnings.
What is MU's PE Ratio?
PE Ratio32.5x
EarningsUS$11.91b
Market CapUS$386.53b

Price to Earnings Ratio vs Peers

How does MU's PE Ratio compare to its peers?

The above table shows the PE ratio for MU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average46.6x
A000660 SK hynix
14.7x32.67%₩512.3t
AMD Advanced Micro Devices
109.2x36.88%US$349.0b
QCOM QUALCOMM
34.6x20.87%US$193.9b
2330 Taiwan Semiconductor Manufacturing
28x16.32%NT$43.4t
MU Micron Technology
32.5x19.97%CHF 386.5b

Price-To-Earnings vs Peers: MU is good value based on its Price-To-Earnings Ratio (32.5x) compared to the peer average (47.1x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does MU's PE Ratio compare vs other companies in the European Semiconductor Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MU 32.5xIndustry Avg. 42.5xNo. of Companies3PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MU is good value based on its Price-To-Earnings Ratio (32.5x) compared to the European Semiconductor industry average (42.3x).

Price to Earnings Ratio vs Fair Ratio

What is MU's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MU's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 269.84
CHF 247.95
-8.11%
22.41%CHF 398.37CHF 85.25n/a38
Jan ’27CHF 224.88
CHF 238.99
+6.28%
22.69%CHF 396.55CHF 84.86n/a38
Dec ’26n/a
CHF 178.23
0%
21.91%CHF 273.20CHF 86.49n/a36
Nov ’26n/a
CHF 164.16
0%
18.03%CHF 218.73CHF 85.11n/a36
Oct ’26n/a
CHF 148.01
0%
16.72%CHF 200.01CHF 80.01n/a35
Sep ’26n/a
CHF 120.51
0%
14.98%CHF 160.08CHF 76.04n/a35
Aug ’26n/a
CHF 118.10
0%
15.64%CHF 159.00CHF 75.52n/a34
Jul ’26n/a
CHF 117.99
0%
18.29%CHF 159.96CHF 47.99n/a33
Jun ’26n/a
CHF 100.99
0%
19.50%CHF 141.17CHF 49.25n/a33
May ’26n/a
CHF 102.15
0%
19.04%CHF 141.95CHF 49.52n/a33
Apr ’26n/a
CHF 114.17
0%
17.70%CHF 176.90CHF 66.34n/a34
Mar ’26n/a
CHF 116.73
0%
22.54%CHF 224.30CHF 62.80n/a33
Feb ’26n/a
CHF 118.29
0%
22.46%CHF 226.87CHF 63.52n/a33
Jan ’26n/a
CHF 118.86
0%
22.24%CHF 225.56CHF 63.16CHF 224.8833
Dec ’25n/a
CHF 129.31
0%
20.15%CHF 221.55CHF 62.03n/a33
Nov ’25n/a
CHF 126.56
0%
20.15%CHF 216.62CHF 60.65n/a33
Oct ’25n/a
CHF 123.65
0%
20.28%CHF 211.58CHF 59.24n/a32
Sep ’25n/a
CHF 134.87
0%
13.63%CHF 189.35CHF 92.57n/a31
Aug ’25CHF 65.82
CHF 144.74
+119.90%
13.00%CHF 199.39CHF 97.48n/a31
Jul ’25CHF 65.82
CHF 141.92
+115.62%
16.92%CHF 202.12CHF 80.85n/a33
Jun ’25CHF 65.82
CHF 120.99
+83.82%
19.01%CHF 203.00CHF 72.18n/a34
May ’25CHF 65.82
CHF 117.47
+78.47%
19.78%CHF 206.83CHF 73.54n/a34
Apr ’25CHF 65.82
CHF 114.79
+74.40%
19.50%CHF 203.52CHF 72.36n/a34
Mar ’25CHF 65.82
CHF 85.35
+29.68%
13.18%CHF 123.80CHF 61.90n/a34
Feb ’25CHF 65.82
CHF 83.00
+26.10%
13.10%CHF 120.79CHF 60.39n/a34
Jan ’25CHF 65.82
CHF 79.18
+20.30%
14.90%CHF 119.48CHF 55.73n/a35
CHF 244.52
Fair Value
10.4% overvalued intrinsic discount
38
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/07 06:10
End of Day Share Price 2026/01/07 00:00
Earnings2025/11/27
Annual Earnings2025/08/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Micron Technology, Inc. is covered by 66 analysts. 36 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Warren LauAletheia Analyst Network Limited
Brett SimpsonArete Research Services LLP
Nam Hyung KimArete Research Services LLP