Micron Technology, Inc.

XTRA:MTE Stock Report

Market Cap: €391.6b

Micron Technology Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

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

Below Future Cash Flow Value: MTE (€343.45) is trading above our estimate of future cash flow value (€168.86)

Significantly Below Future Cash Flow Value: MTE is trading above our estimate of future cash flow value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MTE. This is calculated by dividing MTE's market cap by their current earnings.
What is MTE's PE Ratio?
PE Ratio38.9x
EarningsUS$11.91b
Market CapUS$463.33b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MTE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average41.7x
IFX Infineon Technologies
57.9x27.80%€57.9b
ELG Elmos Semiconductor
17.2x6.44%€2.1b
A000660 SK hynix
14.2x29.39%₩607.6t
AMD Advanced Micro Devices
77.6x30.93%US$338.0b
MTE Micron Technology
38.9x24.63%€463.3b

Price-To-Earnings vs Peers: MTE is good value based on its Price-To-Earnings Ratio (38.9x) compared to the peer average (42.1x).

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 MTE's PE Ratio compare vs other companies in the European Semiconductor Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MTE 38.9xIndustry Avg. 42.7xNo. of Companies2PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MTE is good value based on its Price-To-Earnings Ratio (38.9x) compared to the European Semiconductor industry average (43x).

Price to Earnings Ratio vs Fair Ratio

What is MTE'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.

MTE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.9x
Fair PE Ratio64.4x

Price-To-Earnings vs Fair Ratio: MTE is good value based on its Price-To-Earnings Ratio (38.9x) compared to the estimated Fair Price-To-Earnings Ratio (64.4x).

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 MTE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€343.45
€330.35
-3.81%
22.52%€441.99€165.64n/a39
Feb ’27€368.90
€307.95
-16.52%
24.69%€421.60€90.22n/a41
Jan ’27€252.25
€256.56
+1.71%
22.69%€425.70€91.10n/a38
Dec ’26€203.75
€191.33
-6.10%
21.91%€293.28€92.84n/a36
Nov ’26€191.46
€177.21
-7.45%
18.03%€236.12€91.87n/a36
Oct ’26€150.34
€158.66
+5.53%
16.72%€214.40€85.76n/a35
Sep ’26€100.60
€128.54
+27.78%
14.98%€170.74€81.10n/a35
Aug ’26€91.00
€126.48
+38.99%
15.64%€170.28€80.88n/a34
Jul ’26€102.64
€126.03
+22.79%
18.29%€170.86€51.26n/a33
Jun ’26€83.36
€108.08
+29.66%
19.50%€151.08€52.70n/a33
May ’26€66.67
€109.17
+63.74%
19.04%€151.70€52.92n/a33
Apr ’26€81.64
€119.30
+46.13%
17.70%€184.86€69.32n/a34
Mar ’26€89.94
€124.31
+38.22%
22.54%€238.88€66.89n/a33
Feb ’26€90.17
€125.18
+38.83%
22.46%€240.10€67.23€368.9033
Jan ’26€83.80
€126.35
+50.78%
22.24%€239.78€67.14€252.2533
Dec ’25€92.56
€139.03
+50.20%
20.15%€238.20€66.70€203.7533
Nov ’25€92.73
€135.32
+45.93%
20.15%€231.60€64.85€191.4633
Oct ’25€90.51
€131.21
+44.97%
20.28%€224.53€62.87€150.3432
Sep ’25€86.66
€143.29
+65.35%
13.63%€201.17€98.35€100.6031
Aug ’25€95.98
€150.90
+57.22%
13.00%€207.88€101.63€91.0031
Jul ’25€121.72
€147.48
+21.16%
16.92%€210.04€84.02€102.6433
Jun ’25€112.40
€123.62
+9.98%
19.01%€207.41€73.74€83.3634
May ’25€107.32
€119.71
+11.55%
19.78%€210.78€74.94€66.6734
Apr ’25€109.45
€118.15
+7.95%
19.50%€209.48€74.48€81.6434
Mar ’25€88.16
€89.31
+1.30%
13.18%€129.53€64.76€89.9434
Feb ’25€78.28
€89.04
+13.74%
13.10%€129.57€64.79€90.1734
€326.13
Fair Value
5.3% overvalued intrinsic discount
39
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 Analysis2026/02/17 08:32
End of Day Share Price 2026/02/17 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 70 analysts. 39 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
James FontanelliArete Research Services LLP
Nam Hyung KimArete Research Services LLP